1516 Pierce St Lynchburg, VA 24501
Diamond Hill NeighborhoodEstimated payment $669/month
Highlights
- Bungalow
- Ceiling Fan
- 1-Story Property
- Tile Flooring
About This Home
This beautifully remodeled 1-bedroom, 1-bathroom home is bursting with charm and modern upgrades, making it an excellent choice for first-time buyers, those looking to downsize, or as a lucrative investment opportunity. Inside, you'll find a bright, welcoming space with an updated kitchen featuring sleek countertops, new stainless steel appliances, and plenty of cabinetry space. The open layout creates a seamless flow between the living and dining areas, perfect for everyday living or hosting guests. The cozy bedroom and fully updated bathroom provide comfort and style in equal measure. Whether you're looking for a low-maintenance home or a rental property with strong appeal, this home fits the bill. With a manageable yard and a prime location just minutes away from Liberty University, downtown, and all the shopping, dining, and attractions in-between, this home offers exceptional convenience and value. Move-in ready and full of potential, it's an opportunity you don't want to miss.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $650
Year Built
- Built in 1939
Lot Details
- 5,301 Sq Ft Lot
Home Design
- Bungalow
- Shingle Roof
Interior Spaces
- 1 Full Bathroom
- 648 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Crawl Space
- Electric Range
Flooring
- Laminate
- Tile
Laundry
- Laundry on main level
- Washer and Dryer Hookup
Attic
- Attic Access Panel
- Pull Down Stairs to Attic
Schools
- Rs Payne Elementary School
- Sandusky Midl Middle School
- Heritage High School
Utilities
- Heat Pump System
- Electric Water Heater
- Cable TV Available
Community Details
- Net Lease
Listing and Financial Details
- Assessor Parcel Number 02626010
Map
Home Values in the Area
Average Home Value in this Area
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 | $587 | $66,000 | $10,800 | $55,200 |
| 2023 | $538 | $60,500 | $10,800 | $49,700 |
| 2022 | $324 | $29,200 | $9,000 | $20,200 |
| 2021 | $324 | $29,200 | $9,000 | $20,200 |
| 2020 | $314 | $28,300 | $7,000 | $21,300 |
| 2019 | $314 | $28,300 | $7,000 | $21,300 |
| 2018 | $306 | $27,600 | $7,000 | $20,600 |
| 2017 | $306 | $27,600 | $7,000 | $20,600 |
| 2016 | $306 | $27,600 | $7,000 | $20,600 |
| 2015 | $306 | $24,800 | $2,500 | $22,300 |
| 2014 | $275 | $24,800 | $2,500 | $22,300 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/27/2025 08/27/25 | Pending | -- | -- | -- |
| 08/06/2025 08/06/25 | Price Changed | $115,500 | -2.1% | $178 / Sq Ft |
| 06/05/2025 06/05/25 | Price Changed | $118,000 | -3.7% | $182 / Sq Ft |
| 04/14/2025 04/14/25 | Price Changed | $122,500 | -1.9% | $189 / Sq Ft |
| 03/30/2025 03/30/25 | For Sale | $124,900 | 0.0% | $193 / Sq Ft |
| 03/18/2025 03/18/25 | Pending | -- | -- | -- |
| 02/07/2025 02/07/25 | Price Changed | $124,900 | -3.8% | $193 / Sq Ft |
| 01/18/2025 01/18/25 | For Sale | $129,900 | -- | $200 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Gift Deed | -- | None Listed On Document |
Source: Lynchburg Association of REALTORS®
MLS Number: 356748
APN: 026-26-010