$188,000
SOLD FEB 3, 2025

1504 Pierce St Lynchburg, VA 24501

Diamond Hill Neighborhood
-- Bed
-- Bath
1,881 Sq Ft
8,133 Sq Ft Lot

Recently Sold

$100 Per Sq Ft

1% Below List Price

2 Days on Market

About This Home

As of February 2025

Newly renovated duplex in the heart of Lynchburg! This property offers 2 units, a 2BR /1BA and a 1BR /BA. Separate electric meters, one water meter. Off street parking available. Both apartments have new mini splits for central heat and air, as well as their own washer and dryer hook ups.

Last Agent to Sell the Property

Jason Hinds

DeWitt Real Estate & Auctions License #0225059362 Listed on: 12/30/2024

Last Buyer's Agent

Clareen Eberly

Find Homes Realty License #0225220473

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $708

Year Built

  • Built in 1890

Interior Spaces

  • 1,881 Sq Ft Home
  • Laminate Flooring

Schools

  • Rs Payne Elementary School
  • Sandusky Midl Middle School
  • Heritage High School

Additional Features

  • 8,133 Sq Ft Lot
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 02626013

Community Details

Overview

  • Grace Street Subdivision

Building Details

  • 1 Separate Water Meter
  • Net Lease

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$708

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Directions: Buchanan St. to 15th St. to right on Pierce St. Property is on the left.
  • Days On Market: No
  • Prop. Type: Multi-Family
  • Year Built: 1890
  • Garage Yn: No
  • Property Sub-Type: Multi-Family
  • Subdivision Name: Grace Street
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Reciprocal Listing: No
  • Flooring: Laminate
  • Walls: Drywall

Utilities

  • Utility Electric: American Electric
  • Sewer: City
  • Water Heater: Electric
  • Water Source: City

Schools

  • Elementary School: RS Payne Elem
  • High School: Heritage High
  • Middle School: Sandusky Midl
  • Junior High Dist: Lynchburg

Lot Info

  • Zoning: R3
  • Acres: 0.1867
  • Lot Size Sq Ft: 8133.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 02626013
  • ResoLotSizeUnits: Acres

Rental Info

  • Sub Lease: No
  • Owner Pays: Water
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00

Tax Info

  • Estimated Taxes: 708

Multi Family

  • Number Of Units Total: 2
  • Existing Lease Type: Net
  • Number Of Separate Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 30, 2024
Closed on
Feb 3, 2025
Sold by
Eberly Clareen Mary-Jeanne and Eberly Brian Stefa
Bought by
Orchard Legacy Investments Llc
Seller's Agent
Jason Hinds
DeWitt Real Estate & Auctions
Buyer's Agent
Clareen Eberly
Find Homes Realty
List Price
$189,900
Sold Price
$188,000
Premium/Discount to List
-$1,900
-1%
Views
8
Current Estimated Value
$185,060

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,940
Avg. Annual Appreciation
-6.91%
Original Mortgage
$141,000
Outstanding Balance
$140,755
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$41,281

Purchase Details

Listed on
Dec 30, 2024
Closed on
Jan 29, 2025
Sold by
Armadyne Llc
Bought by
Eberly Clareen Mary-Jeanne and Eberly Brian Stefan
Seller's Agent
Jason Hinds
DeWitt Real Estate & Auctions
Buyer's Agent
Clareen Eberly
Find Homes Realty
List Price
$189,900
Sold Price
$188,000
Premium/Discount to List
-$1,900
-1%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,000
Outstanding Balance
$140,755
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
$41,281

Purchase Details

Closed on
Dec 8, 2023
Sold by
Spencer Evelyn
Bought by
Armadyne Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,000
Interest Rate
7.79%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Gift Deed -- Old Republic National Title In
Deed $188,000 Old Republic National Title
Bargain Sale Deed $30,000 Performance Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $141,000 New Conventional
Previous Owner $52,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2025 02/03/25 Sold $188,000 -1.0% $100 / Sq Ft
01/01/2025 01/01/25 Pending -- -- --
12/30/2024 12/30/24 For Sale $189,900 -- $101 / 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 $708 $79,600 $12,000 $67,600
2023 $264 $29,700 $12,000 $17,700
2022 $444 $43,100 $10,000 $33,100
2021 $478 $43,100 $10,000 $33,100
2020 $423 $38,100 $7,000 $31,100
2019 $423 $38,100 $7,000 $31,100
2018 $416 $37,500 $7,000 $30,500
2017 $416 $37,500 $7,000 $30,500
2016 $416 $37,500 $7,000 $30,500
2015 $416 $32,900 $2,500 $30,400
2014 $365 $32,900 $2,500 $30,400
Source: Public Records

Agents Affiliated with this Home

  • Jason Hinds

    Seller's Agent in 2025

    Jason Hinds

    DeWitt Real Estate & Auctions

    (434) 258-7058

    7 in this area

    85 Total Sales

    Jason Hinds
    Section Image

  • C

    Buyer's Agent in 2025

    Clareen Eberly

    Find Homes Realty

    (785) 341-8671

    1 in this area

    16 Total Sales

    Clareen Eberly
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 356428

APN: 026-26-013

Virginia Lynchburg City County Lynchburg 24501 Diamond Hill

1504 Pierce St, Lynchburg, VA

This home is located at 1504 Pierce St, Lynchburg, VA 24501 and is currently priced at $188,000, approximately $99 per square foot. This property was built in 1890. 1504 Pierce St is a home located in Lynchburg City with nearby schools including Sheffield Elementary School, Sandusky Middle School, and Heritage High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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