NOT LISTED FOR SALE

17559 Forest Rd Forest, VA 24551

Estimated Value: $4,455,784

2.84 Acres
$1,568,938 Price per Acre
123,710 Sq Ft Lot

Last Sold September 04, 2019

Last sale price $550,000 $387 Per Sq Ft

Est. 710% increase in value since last sale

Current estimated payment $24,069/month

626 Days on Market

Highlights

  • 2.84 Acre Lot
  • Forest Middle School Rated A-
  • Separate Outdoor Workshop

About This Lot

As of September 2019

2.84 acres commercial site with 486 Ft. frontage on US 221 next to Walgreens. Owner may subdivide. House, outbuildings, Digital Billboard on Property. Great spot for Retail, Fast Food, Strip Center or offices with 30,000 Traffic Count. Last available land between Enterprise Drive and Graves Mill Road.

Last Agent to Sell the Property

Tommy DeWitt

DeWitt Real Estate & Auctions License #0225033016 Listed on: 12/16/2017

Last Buyer's Agent

Tommy DeWitt

DeWitt Real Estate & Auctions License #0225033016 Listed on: 12/16/2017

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,000

Lot Details

  • 2.84 Acre Lot
  • Property is zoned GC

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Separate Outdoor Workshop
  • Shed

Schools

  • Forest Elementary School
  • Forest Midl Middle School
  • Jefferson Forest-Hs High School

Additional Features

  • 1,420 Sq Ft Home
  • Septic System

Property Details

Property Type

Land

Est. Annual Taxes

$2,000

Lot Details

0

Listing Details

  • FILLACRES: 2.8400
  • BuildingOnProperty: House, Tractor Shed, Workshop
  • Directions: Route 221 next to Walgreens
  • Lot Measurement: Acres
  • Lot Sq Ft: 123710.00
  • Days On Market: No
  • Property Subtype1: Unimproved Land
  • Prop. Type: Land
  • Restrictions: None
  • OFFICELIST_STATE: VA
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Disability Access: Rd Frnt State Paved
  • Accessible Transportation: U.S. Highway
  • Basement Bathrooms: 2.00
  • Lower Floor 1 Bedrooms: 3
  • Broker Approved: Yes
  • High School2: Jefferson Forest-HS
  • Legal Description: Lot 6A PB46 P32
  • Middle School2: Forest Midl
  • Reciprocal Listing: No

Exterior Features

  • Lot Number: 6A
  • Road Frontage: 486.00
  • Topography: Level to Rolling

Utilities

  • Utilities: Cntrl Water Availabl, ElectricityAvailable, Septic System, Sewer System Avail, Water System Avail

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Bedford
  • Elementary School #2: Forest Elem
  • School District: Bedford

Lot Info

  • Best Use: Develop to Business
  • Current Use: Residential
  • Lot Sq Ft: 1420.00
  • Zoning: GC

Tax Info

  • Estimated Taxes: 2000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2021
Sold by
Red Hawk Contracting Inc
Bought by
Bedford Regional Water Authori
Current Estimated Value
$4,455,784

Purchase Details

Closed on
Dec 15, 2020
Sold by
Lmcw Holdings Llc
Bought by
Mustard Seed Chesterfield Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,518,000
Interest Rate
2.7%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Bedford Regional Water Authori -- None Listed On Document
Mustard Seed Chesterfield Llc -- Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mustard Seed Chesterfield Llc $2,518,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2019 09/04/19 Sold $550,000 -42.1% $387 / Sq Ft
09/03/2019 09/03/19 Pending -- -- --
12/16/2017 12/16/17 For Sale $950,000 -- $669 / 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
2025 $8,399 $2,048,600 $618,600 $1,430,000
2024 $8,399 $2,048,600 $618,600 $1,430,000
2023 $8,399 $1,024,300 $0 $0
2022 $8,976 $897,550 $0 $0
2021 $2,716 $543,100 $525,800 $17,300
2020 $2,716 $543,100 $525,800 $17,300
2019 $2,437 $487,400 $470,100 $17,300
2018 $2,055 $395,200 $378,600 $16,600
2017 $2,055 $395,200 $378,600 $16,600
2016 $2,055 $395,200 $378,600 $16,600
2015 $2,055 $395,200 $378,600 $16,600
2014 $2,074 $398,900 $378,600 $20,300
Source: Public Records

Agents Affiliated with this Home

  • Tommy DeWitt

    Seller's Agent in 2019

    Tommy DeWitt

    DeWitt Real Estate & Auctions

    (434) 941-1305

    9 in this area

    110 Total Sales

    Tommy DeWitt
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 310581

APN: 118-A-6A

Virginia Bedford County Forest 24551

17559 Forest Rd, Forest, VA

This home is located at 17559 Forest Rd, Forest, VA 24551 since 16 December 2017 and is currently priced at $4,455,784, approximately $3,137 per square foot. 17559 Forest Rd is a home located in Bedford County with nearby schools including Thomas Jefferson Elementary School, Forest Middle School, and Jefferson Forest High School.

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