NOT LISTED FOR SALE

1700 Graves Mill Rd Lynchburg, VA 24502

Estimated Value: $408,862

10.49 Acres
$38,976 Price per Acre
456,944 Sq Ft Lot

Last Sold July 23, 2024

Last sale price $395,000

Est. 4% increase in value since last sale

Current estimated payment $2,364/month

239 Days on Market

About This Lot

As of July 2024

10.5 +/- acres in the fast growing Graves Mill Road Route 221 Corridor. The property is well located and within 10 minutes to Liberty University, Downtown Lynchburg, Forest, Route 460 and Route 29. This large parcel has 50 feet of frontage on Graves Mill Road with an improved entrance in place. The property is currently zoned B-1, and presents a great opportunity for development, including residential and commercial. Development opportunities for B-1 include: schools; child and adult daycare; housing services; Three or More Households as part of a mixed-use development (includes triplexes, four-plexes, and other multi-household dwellings). Additionally, a Conditional Use Permit is in place until March 8th 2024 for a 50 unit multi-family apartment building. Public water and sewer is now available to the property, and electric is on site. A large property with good topography, in a prime location and ready for new development. Contact Agents for more information.

Last Agent to Sell the Property

Nathaniel Perrow

Gentry Commercial RE License #0225198366 Listed on: 06/26/2023

Co-Listed By

Chantal Okeeffe

Flint Property Group License #0225219884

Last Buyer's Agent

Christopher Gentry, SIOR

Gentry Commercial RE License #0225033997

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,492

Lot Details

  • 10.49 Acre Lot

Schools

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

Community Details

  • Graves Mill Commercial Corridor Subdivision
  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 24014001

Property Details

Property Type

Land

Est. Annual Taxes

$3,492

Lot Details

0

Listing Details

  • BuildingOnProperty: None
  • Days On Market: No
  • Prop. Type: Land
  • Restrictions: None
  • Garage Yn: No
  • Property Sub-Type: Commercial
  • Co List Office Mls Id: 124
  • Subdivision Name: Graves Mill Commercial Corridor
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Disability Access: Rd Frnt State Paved
  • Bathrooms Display: 0 (0 0)
  • Broker Approved: Yes
  • Reciprocal Listing: No

Exterior Features

  • Road Frontage: 50.00

Utilities

  • Utilities: ElectricityAvailable, Sewer System Avail, Water System Avail

Schools

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

Lot Info

  • Current Use: Vacant
  • Acres: 10.4900
  • Lot Size Sq Ft: 456944.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 24014001
  • ResoLotSizeUnits: Acres

Rental Info

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

Tax Info

  • Estimated Taxes: 3492

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2023
Closed on
Jul 22, 2024
Sold by
Ago Properties and Ago Properties Llc
Bought by
Langley Christopher C
Seller's Agent
Nathaniel Perrow
Gentry Commercial RE
Buyer's Agent
Christopher Gentry, SIOR
Gentry Commercial RE
List Price
$395,000
Sold Price
$395,000
Current Estimated Value
$408,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,862
Avg. Annual Appreciation
2.84%
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
Langley Christopher C $395,000 Old Republic National Title In
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/23/2024 07/23/24 Sold $395,000 0.0% --
02/16/2024 02/16/24 Pending -- -- --
02/15/2024 02/15/24 For Sale $395,000 0.0% --
11/25/2023 11/25/23 Pending -- -- --
08/24/2023 08/24/23 For Sale $395,000 0.0% --
06/28/2023 06/28/23 Pending -- -- --
06/22/2023 06/22/23 For Sale $395,000 -- --
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 $2,643 $314,700 $314,700 $0
2024 $2,801 $314,700 $314,700 $0
2023 $700 $314,700 $314,700 $0
2022 $3,241 $314,700 $314,700 $0
2021 $3,493 $314,700 $314,700 $0
2020 $3,493 $314,700 $314,700 $0
2019 $3,493 $314,700 $314,700 $0
2018 $4,076 $367,200 $367,200 $0
2017 $4,076 $367,200 $367,200 $0
2016 $4,076 $367,200 $367,200 $0
2015 $4,076 $314,700 $314,700 $0
2014 $3,493 $314,700 $314,700 $0
Source: Public Records

Agents Affiliated with this Home

  • Nathaniel Perrow

    Seller's Agent in 2024

    Nathaniel Perrow

    Gentry Commercial RE

    (434) 485-8900

    17 Total Sales

    Nathaniel Perrow
    Section Image

  • C

    Seller Co-Listing Agent in 2024

    Chantal Okeeffe

    Flint Property Group

    (415) 533-1980

    7 Total Sales

    Chantal Okeeffe
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 344868

APN: 240-14-001

Virginia Lynchburg City County Lynchburg 24502

1700 Graves Mill Rd, Lynchburg, VA

This home is located at 1700 Graves Mill Rd, Lynchburg, VA 24502 since 26 June 2023 and is currently estimated at $408,862. 1700 Graves Mill Rd is a home located in Lynchburg City with nearby schools including Sandusky Elementary School, Sandusky Middle School, and Heritage High School.

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