NOT LISTED FOR SALE

1741 Shaffer St Lynchburg, VA 24501

Miller Park Neighborhood

Estimated Value: $149,000 - $166,000

4 Beds
2 Baths
1,420 Sq Ft
$111/Sq Ft Est. Value

Last Sold September 29, 2023

Last sale price $150,000 $106 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $937/month

3 Days on Market

About This Home

As of September 2023

Excellent duplex rental property located in Lynchburg Stadium area, with very long term tenants who have been there for over 6 years, & would like to stay. Each unit offers 2BR/1BA. Currently tenants each pay $525, but you can easily get more monthly rent. Some of the home features include new roof, vinyl siding, off-street parking around the back & recently painted. Located literally just off Lynchburg Expressway with easy access to LU, the mall, multiple interstate routes, restaurants, grocery stores, & so much more! Don't miss out on this opportunity to own a steady cash flowing rental property in the heart of the city.

Last Agent to Sell the Property

Mike Osei

Long & Foster-Forest License #0225209432 Listed on: 08/27/2023

Long & Foster-Forest

Last Buyer's Agent

Sherrell Preston

eXp Realty LLC-Stafford License #0225254720

eXp Realty LLC-Stafford

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $698

Year Built

  • Built in 1946

Lot Details

  • 9,348 Sq Ft Lot

Home Design

  • 1,420 Sq Ft Home

Flooring

  • Wood
  • Vinyl

Parking

  • Unpaved Driveway
  • On-Street Parking
  • Off-Street Parking

Schools

  • Rs Payne Elementary School
  • Pl Dunbar Midl Middle School
  • E. C. Glass High School

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02736013

Community Details

Overview

  • 2 Units
  • Cotton Hill Subdivision

Building Details

  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Water Sewer Expense $90
  • Gross Income $12,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$698

Year Built

Built in 1946

Lot Details

9,348 Sq Ft Lot

Listing Details

  • FILLACRES: 0.2146
  • Directions: Fort Ave to Wythe Rd to slight right onto Stadium Rd, then left on Gordon St to right onto Aragon St. Left on Shaffer, home located on the corner on left.
  • ElementarySchool7: RS Payne Elem
  • HighSchool7: E. C. Glass High
  • Internet Providers: Comcast/Xfinity, Verizon
  • Lot Measurement: Acres
  • Lot Sq Ft: 9348.00
  • MiddleSchool7: PL Dunbar Midl
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 02736013
  • Year Built: 1946
  • Heating System: Wall/Space Unit
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: SOUTH HILL PARK, BLK F, LOT 1
  • Reciprocal Listing: No
  • Street Number Modifier: 1743
  • Flooring: Vinyl, Wood Floors
  • Year Built Exception: 0
  • Walls: Drywall

Garage/Parking

  • Parking: Off Street Parking, On-Street, Unpaved Drive

Utilities

  • Utility Electric: American Electric
  • Cooling: Window Unit(s)
  • Sewer: City
  • Hot Water: City
  • Water Heater: Gas
  • Number of Gas Meters: 2
  • Number Of Water Meters: 1

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors
  • Subdivision Complex: Cotton Hill

Schools

  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 1420.00
  • Zoning: R-3

Rental Info

  • Types Of Leases: Month to Month

Tax Info

  • Estimated Taxes: 698

Multi Family

  • Annual Gross Income: 12600.00
  • Total Number Units: 2
  • Water Expense: 90.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2023
Closed on
Sep 25, 2023
Sold by
Taylor Yvonne P
Bought by
Oakes Management Llc
Seller's Agent
Mike Osei
Long & Foster-Forest
Buyer's Agent
Sherrell Preston
eXp Realty LLC-Stafford
List Price
$140,000
Sold Price
$150,000
Premium/Discount to List
$10,000
7.14%
Views
5
Current Estimated Value
$158,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,101
Avg. Annual Appreciation
2.13%
Original Mortgage
$120,000
Outstanding Balance
$117,516
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$40,585

Purchase Details

Listed on
Mar 19, 2019
Closed on
May 30, 2019
Sold by
Gray Stephen C
Bought by
Taylor Yvonne P
Seller's Agent
Kelly Eckard
Brownstone Properties
Buyer's Agent
Mike Osei
Long & Foster-Forest
List Price
$75,000
Sold Price
$75,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.32%
Original Mortgage
$52,000
Interest Rate
4.1%
Mortgage Type
Construction

Purchase Details

Listed on
Mar 19, 2019
Closed on
May 16, 2019
Sold by
Gray Stephen C and Gray Audrey
Bought by
Taylor Yvonne P
Seller's Agent
Kelly Eckard
Brownstone Properties
Buyer's Agent
Mike Osei
Long & Foster-Forest
List Price
$75,000
Sold Price
$75,000

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
4.1%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Oakes Management Llc $150,000 None Listed On Document
Taylor Yvonne P $75,000 --
Taylor Yvonne P $75,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oakes Management Llc $120,000
Previous Owner Taylor Yvonne P $52,000
Previous Owner Taylor Yvonne P $52,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/29/2023 09/29/23 Sold $150,000 0.0% $106 / Sq Ft
08/30/2023 08/30/23 Pending -- -- --
08/30/2023 08/30/23 Price Changed $150,000 +7.1% $106 / Sq Ft
08/27/2023 08/27/23 For Sale $140,000 +86.7% $99 / Sq Ft
05/30/2019 05/30/19 Sold $75,000 0.0% $54 / Sq Ft View Prior Sale
05/02/2019 05/02/19 Pending -- -- --
03/19/2019 03/19/19 For Sale $75,000 +38.9% $54 / Sq Ft
08/05/2013 08/05/13 Sold $54,000 -16.3% $39 / Sq Ft View Prior Sale
08/01/2013 08/01/13 Pending -- -- --
09/24/2012 09/24/12 For Sale $64,500 -- $46 / Sq Ft
Source: Lynchburg Association of REALTORS®

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 $1,276 $151,900 $18,000 $133,900
2024 $1,124 $126,300 $12,000 $114,300
2023 $172 $77,100 $12,000 $65,100
2022 $659 $64,000 $5,000 $59,000
2021 $710 $64,000 $5,000 $59,000
2020 $710 $64,000 $5,000 $59,000
2019 $710 $64,000 $5,000 $59,000
2018 $710 $64,000 $5,000 $59,000
2017 $710 $64,000 $5,000 $59,000
2016 $710 $64,000 $5,000 $59,000
2015 $710 $64,000 $5,000 $59,000
2014 $533 $64,000 $5,000 $59,000
Source: Public Records

Agents Affiliated with this Home

  • Mike Osei

    Seller's Agent in 2023

    Mike Osei

    Long & Foster-Forest

    (434) 444-6206

    11 in this area

    269 Total Sales

    Mike Osei
    Section Image

  • S

    Buyer's Agent in 2023

    Sherrell Preston

    eXp Realty LLC-Stafford

    Section Image

  • K

    Seller's Agent in 2019

    Kelly Eckard

    Brownstone Properties

    (434) 610-6216

    2 in this area

    53 Total Sales

    Kelly Eckard
    Section Image

  • S

    Seller Co-Listing Agent in 2019

    Sarah Thomas

    Brownstone Properties

    2 in this area

    55 Total Sales

    Sarah Thomas
    Section Image

  • V

    Seller's Agent in 2013

    Vicky Pogue

    RE/MAX

    37 Total Sales

    Vicky Pogue
    Section Image
  • Martin Donovan

    Buyer's Agent in 2013

    Martin Donovan

    Lauren Bell Real Estate, Inc.

    (727) 512-1704

    3 in this area

    77 Total Sales

    Martin Donovan
    Section Image
See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 347886

APN: 027-36-013

Virginia Lynchburg City County Lynchburg 24501 Miller Park

1741 Shaffer St, Lynchburg, VA

Not Listed for Sale

MultiFamily

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