NOT LISTED FOR SALE

1914 Ridge Ave Lynchburg, VA 24501

Fairview Heights Neighborhood

Estimated Value: $72,000 - $586,084

4 Beds
2 Baths
800 Sq Ft
$352/Sq Ft Est. Value

Last Sold May 05, 2015

Last sale price $255,000 $319 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $1,589/month

578 Days on Market

About This Home

As of May 2015

If you want to invest in positive Cash Flow Property Im not sure there is a better buy anywhere in town listed right now! 10 unites grossing over $45,000 annually for a great positive cash flow. Easy to keep rented, Each unit has 2 bedrooms and 1 bathroom and comes complete with appliances & washer connection. Tenants pay all utilities! 4 long term tenant lease, some 1 yr contracts and balance of units are on M2M. Walking distance to convenient to Campbell Ave bus Route. 48 hr notice preferred to show, serious investors only. 1-2 units can be shown. Make your contract offer contingent upon balance of units inspection. Units are priced at ONLY $26,000 EA.! At this price Being Sold AS IS with inspections for Purchaser's informational purposes only. Seller will not make any repairs per 3rd party unit inspection report.

Last Agent to Sell the Property

Karl Miller

Mark A. Dalton & Co., Inc. License #0225094202 Listed on: 09/13/2013

Last Buyer's Agent

Karyn Lovekamp

Blackwater Property Management License #0225030440

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,479

Year Built

  • Built in 1963

Lot Details

  • 0.89 Acre Lot

Home Design

  • 800 Sq Ft Home
  • Plaster Walls

Flooring

  • Wood
  • Wood Under Carpet
  • Carpet
  • Vinyl

Parking

  • 1 Parking Space
  • Unpaved Driveway
  • On-Street Parking

Schools

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Forced Air Heating System
  • Gas Water Heater

Listing and Financial Details

  • Month-to-Month Lease Term

Community Details

Overview

  • 10 Units

Building Details

  • 10 Separate Gas Meters
  • 10 Separate Water Meters
  • Insurance Expense $1,650
  • Maintenance Expense $5,000
  • New Taxes Expense $3,479
  • Gross Income $47,640

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,479

Year Built

Built in 1963

Lot Details

0

Listing Details

  • FILLACRES: 0.8940
  • Directions: Campbell Ave to Ridge St to 5- duplexes on Right
  • ElementarySchool7: WM Bass Elem
  • HighSchool7: Heritage High
  • Lot Measurement: Acres
  • Lot Sq Ft: 38943.00
  • MiddleSchool7: Sandusky Midl
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • Year Built: 1963
  • Heating System: Forced Warm Air-Gas, Hot Water-Gas
  • Unit Info Number Unfurnished Units: 10
  • Taxes Expense: 3479.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: Mountain View, Blk M, Pt Lots (11&12), (13&14), (15&16), (17&18), (19&20)
  • Reciprocal Listing: No
  • Flooring: Carpet, Carpet Over Wood, Vinyl, Wood Floors
  • Year Built Exception: 0
  • Walls: Drywall, Plaster

Garage/Parking

  • Parking: 1 Space/Unit, On-Street, Unpaved Drive

Utilities

  • Cooling: Wall Unit(s)
  • Sewer: City
  • Hot Water: City
  • Water Heater: Gas
  • Number of Gas Meters: 10
  • Number Of Water Meters: 10

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Fee Information

  • Insurance Expenses: 1650.00

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 800.00
  • Zoning: R-3

Rental Info

  • Types Of Leases: 1 Year Lease, Month to Month

Tax Info

  • Estimated Taxes: 3479

Multi Family

  • Annual Gross Income: 47640.00
  • Maintenance Expense: 5000.00
  • Total Number Units: 10

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Rose Sharon A $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2015 05/05/15 Sold $255,000 -17.7% $319 / Sq Ft
04/14/2015 04/14/15 Pending -- -- --
09/13/2013 09/13/13 For Sale $310,000 -- $388 / 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
2024 $699 $78,500 $12,000 $66,500
2023 $699 $78,500 $12,000 $66,500
2022 $719 $69,800 $7,500 $62,300
2021 $775 $69,800 $7,500 $62,300
2020 $723 $65,100 $7,500 $57,600
2019 $723 $65,100 $7,500 $57,600
2018 $542 $65,100 $7,500 $57,600
2017 $723 $65,100 $7,500 $57,600
2016 $723 $65,100 $7,500 $57,600
2015 $181 $66,000 $4,000 $62,000
2014 $733 $66,000 $4,000 $62,000
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2015

    Karl Miller

    Mark A. Dalton & Co., Inc.

  • K

    Buyer's Agent in 2015

    Karyn Lovekamp

    Blackwater Property Management

See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 280973

APN: 110-25-038

Virginia Lynchburg City County Lynchburg 24501 Fairview Heights

1914 Ridge Ave, Lynchburg, VA

This home is located at 1914 Ridge Ave, Lynchburg, VA 24501 since 13 September 2013 and is currently estimated at $281,521, approximately $351 per square foot. This property was built in 1963. 1914 Ridge Ave is a home located in Lynchburg City with nearby schools including William M. Bass Elementary School, Sandusky Middle School, and Heritage High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.

Nearby Homes