1506 Monroe St Lynchburg, VA 24504
Diamond Hill Neighborhood
2
Beds
1
Bath
825
Sq Ft
4,918
Sq Ft Lot
Highlights
- Walk-In Closet
- Bungalow
- Storm Doors
- Laundry Room
- Ceiling Fan
- Vinyl Flooring
About This Home
As of November 2024Discover the perfect starter home with this cozy bungalow, tucked in a peaceful part of the neighborhood, just minutes from the heart of Lynchburg. This move-in-ready gem boasts numerous updates, ensuring a stress-free ownership experience for years to come. With a newer roof, updated electrical and plumbing, and a heat pump replaced in 2016, you'll enjoy modern comforts without the worry of immediate repairs. The kitchen and bathroom were also refreshed, and new ceiling fans and light fixtures enhance the home's appeal. There's also a full laundry room with dryer included. An added bonus? Off-street parking-rare in this area! This home's affordable price and low maintenance needs make it ideal for anyone looking for a hassle-free, affordable downtown living experience. Don't miss this opportunity to own a piece of Lynchburg's charm!
Last Agent to Sell the Property
Mason Kiffmeyer
LPT Realty, Inc License #0225255516 Listed on: 10/17/2024
Last Buyer's Agent
Adam Hazelwood
eXp Realty LLC-Lynchburg License #0225266706
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $426
Year Built
- Built in 1936
Lot Details
- 4,918 Sq Ft Lot
Parking
- Off-Street Parking
Home Design
- Bungalow
- Shingle Roof
Interior Spaces
- 825 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Vinyl Flooring
- Attic Access Panel
- Storm Doors
Kitchen
- Electric Range
- <<microwave>>
Bedrooms and Bathrooms
- Walk-In Closet
- 1 Full Bathroom
- Bathtub Includes Tile Surround
Laundry
- Laundry Room
- Laundry on main level
- Washer
Basement
- Exterior Basement Entry
- Crawl Space
Schools
- Sandusky Elementary School
- Sandusky Midl Middle School
- Heritage High School
Utilities
- Heat Pump System
- Electric Water Heater
Community Details
- Grace Street Subdivision
- Net Lease
Listing and Financial Details
- Assessor Parcel Number 02533012
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 17, 2024
Closed on
Nov 12, 2024
Sold by
Kemp Samuel H
Bought by
Chambers Gordon and Chambers Jennifer
Seller's Agent
Mason Kiffmeyer
LPT Realty, Inc
Buyer's Agent
Adam Hazelwood
eXp Realty LLC-Lynchburg
List Price
$129,900
Sold Price
$138,500
Premium/Discount to List
$8,600
6.62%
Views
26
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,236
Avg. Annual Appreciation
-4.21%
Original Mortgage
$131,575
Outstanding Balance
$130,953
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$3,726
Purchase Details
Listed on
Oct 17, 2024
Closed on
Sep 30, 2024
Sold by
Dillard Michael L
Bought by
Kemp Samuel H
Seller's Agent
Mason Kiffmeyer
LPT Realty, Inc
Buyer's Agent
Adam Hazelwood
eXp Realty LLC-Lynchburg
List Price
$129,900
Sold Price
$138,500
Premium/Discount to List
$8,600
6.62%
Views
26
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,575
Outstanding Balance
$130,953
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$3,726
Purchase Details
Listed on
Apr 26, 2016
Closed on
Jun 1, 2016
Sold by
Dabney Patricia and Parrish Reuben
Bought by
Dillard Michael L
Seller's Agent
Mike Osei
Long & Foster-Forest
Buyer's Agent
Jeff Barker
RE/MAX 1st Olympic
List Price
$27,000
Sold Price
$24,500
Premium/Discount to List
-$2,500
-9.26%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.72%
Original Mortgage
$40,825
Interest Rate
3.66%
Mortgage Type
Credit Line Revolving
Similar Homes in Lynchburg, VA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $138,500 | Old Republic National Title In | |
| Warranty Deed | $93,000 | First American Title | |
| Deed | $24,500 | Old Republic National Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $131,575 | New Conventional | |
| Previous Owner | $55,250 | New Conventional | |
| Previous Owner | $40,825 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/21/2024 11/21/24 | Sold | $138,500 | +6.6% | $168 / Sq Ft |
| 10/21/2024 10/21/24 | Pending | -- | -- | -- |
| 10/17/2024 10/17/24 | For Sale | $129,900 | +430.2% | $157 / Sq Ft |
| 06/09/2016 06/09/16 | Sold | $24,500 | -9.3% | $30 / Sq Ft |
| 05/23/2016 05/23/16 | Pending | -- | -- | -- |
| 04/26/2016 04/26/16 | For Sale | $27,000 | -- | $34 / Sq Ft |
Source: Lynchburg Association of REALTORS®
Tax History Compared to Growth
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 | $426 | $47,900 | $12,000 | $35,900 |
| 2023 | $426 | $47,900 | $12,000 | $35,900 |
| 2022 | $266 | $25,800 | $10,000 | $15,800 |
| 2021 | $286 | $25,800 | $10,000 | $15,800 |
| 2020 | $297 | $26,800 | $7,000 | $19,800 |
| 2019 | $297 | $26,800 | $7,000 | $19,800 |
| 2018 | $293 | $26,400 | $7,000 | $19,400 |
| 2017 | $293 | $26,400 | $7,000 | $19,400 |
| 2016 | $293 | $26,400 | $7,000 | $19,400 |
| 2015 | $73 | $23,100 | $2,500 | $20,600 |
| 2014 | $64 | $23,100 | $2,500 | $20,600 |
Source: Public Records
Agents Affiliated with this Home
-
M
Seller's Agent in 2024
Mason Kiffmeyer
LPT Realty, Inc
-
A
Buyer's Agent in 2024
Adam Hazelwood
eXp Realty LLC-Lynchburg
-
Mike Osei
Seller's Agent in 2016
Mike Osei
Long & Foster-Forest
(434) 444-6206
17 in this area
295 Total Sales
-
Jeff Barker
Buyer's Agent in 2016
Jeff Barker
RE/MAX
(434) 610-6789
84 Total Sales
Map
Source: Lynchburg Association of REALTORS®
MLS Number: 355238
APN: 025-33-012
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