NOT LISTED FOR SALE

1502 Ramsgate Ln Lynchburg, VA 24501

Blue Ridge Farms Neighborhood

Estimated Value: $206,873 - $254,000

-- Bed
2 Baths
1,565 Sq Ft
$153/Sq Ft Est. Value

Last Sold July 29, 2022

Last sale price $175,000 $112 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $1,397/month

8 Days on Market

About This Home

As of July 2022

Come see this low maintenance duplex conveniently located in the city of Lynchburg. This one level building with its level lot makes for an easy to maintain property. It also has ample parking. You'll find this duplex with 2 bedrooms and 1 full bath is perfect for your investement needs. Come see it today!

Last Agent to Sell the Property

Mitch Copenhaver

Long & Foster-Forest License #0225060624 Listed on: 06/20/2022

Long & Foster-Forest

Last Buyer's Agent

Meredith Ford

OUT OF AREA BROKER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,300

Year Built

  • Built in 1974

Lot Details

  • 0.59 Acre Lot

Home Design

  • 1,565 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 22102036

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,300

Year Built

Built in 1974

Lot Details

0

Listing Details

  • FILLACRES: 0.5906
  • Directions: Old Foret Rd to Ardmore Dr, left on Craigmont Drive to right on Ramsgate Lane
  • ElementarySchool7: Linkhorne Elem
  • HighSchool7: E. C. Glass High
  • Lot Measurement: Acres
  • Lot Sq Ft: 25727.00
  • MiddleSchool7: Linkhorne Midl
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 22102036
  • Year Built: 1974
  • Heating System: Heat Pump
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: BLUE RIDGE FARMS, SEC 12, BLK H LOT 68
  • Reciprocal Listing: No
  • Flooring: Carpet, Vinyl
  • Year Built Exception: 0
  • Walls: Drywall

Utilities

  • Utility Electric: American Electric
  • 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

Schools

  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 1565.00

Tax Info

  • Estimated Taxes: 1300

Multi Family

  • Total Number Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2022
Closed on
Jul 22, 2022
Sold by
Rtr Investments Llc
Bought by
Walmlat Properties Llc
Seller's Agent
Mitch Copenhaver
Long & Foster-Forest
Buyer's Agent
Meredith Ford
OUT OF AREA BROKER
List Price
$249,000
Sold Price
$175,000
Premium/Discount to List
-$74,000
-29.72%
Current Estimated Value
$238,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,968
Avg. Annual Appreciation
10.06%
Original Mortgage
$131,250
Outstanding Balance
$125,583
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$113,385

Purchase Details

Closed on
Dec 17, 2019
Sold by
New Day Investments Inc
Bought by
Rtr Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 31, 2012
Sold by
Alford Enterprises 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
$180,000
Interest Rate
3.36%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 22, 2012
Sold by
Calemory Llc
Bought by
First Properties Inc

Purchase Details

Closed on
Mar 4, 2008
Sold by
Jacks Geroge M and Jacks Norma T
Bought by
Clemory Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,500
Interest Rate
5.75%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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Average Value
Not Available
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 $350,000 Chicago Title
Rtr Investments Llc $215,000 None Available
New Day Investments Inc $230,000 Fidelity National Title Insu
First Properties Inc $140,000 None Available
Clemory Llc -- Southern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walmlat Properties Llc $131,250
Previous Owner Rtr Investments Llc $215,000
Previous Owner New Day Investments Inc $180,000
Previous Owner Clemory Llc $178,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2022 07/29/22 Sold $175,000 -29.7% $112 / Sq Ft
06/28/2022 06/28/22 Pending -- -- --
06/20/2022 06/20/22 For Sale $249,000 -- $159 / 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
2025 $1,756 $209,000 $35,000 $174,000
2024 $1,652 $185,600 $32,000 $153,600
2023 $1,652 $185,600 $32,000 $153,600
2022 $1,206 $117,100 $27,000 $90,100
2021 $975 $117,100 $27,000 $90,100
2020 $1,281 $115,400 $27,000 $88,400
2019 $1,281 $115,400 $27,000 $88,400
2018 $1,213 $109,300 $25,000 $84,300
2017 $1,213 $109,300 $25,000 $84,300
2016 $1,213 $109,300 $25,000 $84,300
2015 $1,213 $109,300 $25,000 $84,300
2014 $1,213 $112,100 $25,000 $87,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Mitch Copenhaver

    Long & Foster-Forest

    3 in this area

    77 Total Sales

    Mitch Copenhaver
    Section Image
  • Meredith Ford

    Buyer's Agent in 2022

    Meredith Ford

    OUT OF AREA BROKER

    (434) 385-8760

    4 in this area

    2,740 Total Sales

    Meredith Ford
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 338967

APN: 221-02-036

Virginia Lynchburg City County Lynchburg 24501 Blue Ridge Farms

1502 Ramsgate Ln, Lynchburg, VA

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