NOT LISTED FOR SALE

1501 Ramsgate Ln Unit A & B Lynchburg, VA 24501

Blue Ridge Farms Neighborhood

Estimated Value: $220,494 - $283,000

2 Beds
2 Baths
1,750 Sq Ft
$144/Sq Ft Est. Value

Last Sold October 01, 2018

Last sale price $145,000 $83 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $1,488/month

23 Days on Market

About This Home

As of October 2018

Very well maintained duplex close to shopping and peaks view park. Currently rented at $575 per unit. Unfinished basement provides vast amounts of storage, nice yard and plenty of parking.

Last Agent to Sell the Property

Kelley Sanders

Mark A. Dalton & Co., Inc. License #0225224666 Listed on: 06/20/2018

Last Buyer's Agent

Jeff Barker

RE/MAX 1st Olympic License #0204025572

RE/MAX 1st Olympic

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,400

Year Built

  • Built in 1989

Lot Details

  • 0.29 Acre Lot

Home Design

  • 1,750 Sq Ft Home

Flooring

  • Carpet
  • Vinyl

Schools

  • Linkhorne Elementary School
  • Linkhorne Midl Middle School
  • E. C. Glass High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • 2 Units
  • Blue Ridge Farms Subdivision

Listing and Financial Details

  • Assessor Parcel Number 22103004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,400

Year Built

Built in 1989

Lot Details

0

Listing Details

  • FILLACRES: 0.2880
  • Directions: 501 expressway right on wiggington road left on old wiggington road left on ashbourne right on tenbury to ramsgate
  • ElementarySchool7: Linkhorne Elem
  • HighSchool7: E. C. Glass High
  • Lot Measurement: Acres
  • Lot Sq Ft: 12545.00
  • MiddleSchool7: Linkhorne Midl
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 22103004
  • Year Built: 1989
  • Heating System: Heat Pump
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: blue ridge farms sec 12 bulk h lot 85
  • Reciprocal Listing: No
  • Flooring: Carpet, Vinyl
  • Year Built Exception: 0
  • Walls: Drywall

Utilities

  • Cooling: Heat Pump
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors
  • Subdivision Complex: Blue Ridge Farms

Association/Amenities

  • Entry Level Unit: A & B

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 1750.00
  • Zoning: R3

Tax Info

  • Estimated Taxes: 1400

Multi Family

  • Total Number Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 18, 2018
Sold by
New Day Investments Inc
Bought by
Walmlat Properties Llc
Current Estimated Value
$246,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,750
Interest Rate
4.5%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 29, 2009
Sold by
J & N Investments Llc
Bought by
New Day Investments Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,400
Interest Rate
4.91%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 7, 2006
Sold by
Wood Jack Guy and Wood Nancy Joan
Bought by
J & J Investments Llc

Purchase Details

Closed on
Feb 3, 2006
Sold by
Gantt Investment Corp
Bought by
Wood Jack Guy and Wood Nancy Joan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.87%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Walmlat Properties Llc $145,000 Old Republic National Title
New Day Investments Inc $137,000 None Available
J & J Investments Llc -- None Available
Wood Jack Guy -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walmlat Proprties Llc $152,625
Previous Owner Walmlat Properties Llc $108,750
Previous Owner New Day Investments Inc $524,000
Previous Owner New Day Investments Inc $127,400
Previous Owner Wood Jack Guy $108,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2018 10/01/18 Sold $145,000 -3.3% $83 / Sq Ft
07/13/2018 07/13/18 Pending -- -- --
06/20/2018 06/20/18 For Sale $149,900 -- $86 / Sq Ft
Source: Lynchburg Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $1,682 $189,000 $32,000 $157,000
2023 $1,682 $189,000 $32,000 $157,000
2022 $1,578 $153,200 $27,000 $126,200
2021 $425 $153,200 $27,000 $126,200
2020 $1,606 $144,700 $27,000 $117,700
2019 $1,606 $144,700 $27,000 $117,700
2018 $1,523 $137,200 $25,000 $112,200
2017 $1,523 $137,200 $25,000 $112,200
2016 $1,523 $137,200 $25,000 $112,200
2015 $1,523 $137,200 $25,000 $112,200
2014 $1,523 $145,700 $25,000 $120,700
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2018

    Kelley Sanders

    Mark A. Dalton & Co., Inc.

  • Jeff Barker

    Buyer's Agent in 2018

    Jeff Barker

    RE/MAX

    (434) 610-6789

    2 in this area

    84 Total Sales

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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 312584

APN: 221-03-004

Virginia Lynchburg City County Lynchburg 24501 Blue Ridge Farms

1501 Ramsgate Ln Unit A & B, Lynchburg, VA

This home is located at 1501 Ramsgate Ln Unit A & B, Lynchburg, VA 24501 since 20 June 2018 and is currently estimated at $252,874, approximately $144 per square foot. This property was built in 1989. 1501 Ramsgate Ln Unit A & B is a home located in Lynchburg City with nearby schools including Linkhorne Elementary School, Linkhorne Middle School, and E.C. Glass High School.

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