Seller's Agent in 2023
Salina Khanna
T.Y. Realty Incorporated
(434) 401-1255
1 in this area
101 Total Sales
208 Madison St Lynchburg, VA 24504
Garland Hill NeighborhoodEstimated Value: $520,000 - $690,000
6
Beds
4.5
Baths
6,141
Sq Ft
$101/Sq Ft
Est. Value
Highlights
- City View
- Fireplace in Primary Bedroom
- Secluded Lot
- River Nearby
- Wood Burning Stove
- 4-minute walk to Yoder Community Center
About This Home
As of May 2023You now have an opportunity to own part of Lynchburg's history! From a foundation that was originally part of the Lynch family homestead, to a home built for the Craddocks, this place is unique. This home is located in Garland Hill Historic District, right off 5th Street in downtown Lynchburg. The 1897 home is characterized by a combination of Romanesque, Queen Anne and Richardsonian style.'' Even with its unique position close to downtown, this property has ample space between neighbors. The property consists of three parcels, for a total of almost two acres that adjoin Blackwater Creek Trail. Wake up to a historic home that has three back porches facing the woods! Ample opportunities for adorning the rooms to one's own liking. The renovated kitchen, attached dining, and large living spaces provide an open canvas for hosting gatherings. As the seasons change, more occasions to enjoy cozying up by one of the eight fireplaces, this property speaks for itself. A must see!
Last Agent to Sell the Property
T.Y. Realty Incorporated License #0225226612 Listed on: 10/09/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,400
Year Built
- Built in 1897
Lot Details
- 1.68 Acre Lot
- Landscaped
- Secluded Lot
- Garden
- Property is zoned R-2
Property Views
- City
- Creek or Stream
- Mountain
Home Design
- Queen Anne Architecture
- Slate Roof
- Metal Roof
- Plaster
Interior Spaces
- 6,141 Sq Ft Home
- 2-Story Property
- Ceiling Fan
- Multiple Fireplaces
- Wood Burning Stove
- Wood Burning Fireplace
- Decorative Fireplace
- Self Contained Fireplace Unit Or Insert
- Marble Fireplace
- Drapes & Rods
- Great Room
- Living Room with Fireplace
- Formal Dining Room
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 6 Bedrooms
- Fireplace in Primary Bedroom
- Freestanding Bathtub
- Bathtub Includes Tile Surround
Laundry
- Laundry Room
- Laundry on main level
- Washer and Dryer Hookup
Attic
- Attic Floors
- Attic Access Panel
- Walkup Attic
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Exterior Basement Entry
- Workshop
Home Security
- Storm Windows
- Fire and Smoke Detector
Outdoor Features
- River Nearby
Schools
- Bedford Hills Elementary School
- Linkhorne Midl Middle School
- E. C. Glass High School
Utilities
- Window Unit Cooling System
- Zoned Heating
- Radiant Heating System
- Heating System Mounted To A Wall or Window
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Community Details
- Garland Hill Subdivision
Listing and Financial Details
- Assessor Parcel Number 02331006
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 9, 2022
Closed on
May 25, 2023
Sold by
Eugene S Lott Sr Family Trust
Bought by
Ernest F Lompa And Nancy A Lompa Living Trust
Seller's Agent
Salina Khanna
T.Y. Realty Incorporated
Buyer's Agent
Salina Khanna
T.Y. Realty Incorporated
List Price
$650,000
Sold Price
$550,000
Premium/Discount to List
-$100,000
-15.38%
Views
354
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,399
Avg. Annual Appreciation
5.27%
Original Mortgage
$412,500
Outstanding Balance
$401,030
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$221,369
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ernest F Lompa And Nancy A Lompa Living Trust | $550,000 | Old Republic National Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ernest F Lompa And Nancy A Lompa Living Trust | $412,500 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/31/2023 05/31/23 | Sold | $550,000 | -12.8% | $90 / Sq Ft |
| 04/03/2023 04/03/23 | Pending | -- | -- | -- |
| 01/09/2023 01/09/23 | Price Changed | $630,500 | -3.0% | $103 / Sq Ft |
| 10/09/2022 10/09/22 | For Sale | $650,000 | -- | $106 / Sq Ft |
Source: Lynchburg Association of REALTORS®
Tax History Compared to Growth
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 | $5,326 | $634,000 | $112,800 | $521,200 |
| 2024 | $4,549 | $511,100 | $52,500 | $458,600 |
| 2023 | $2,274 | $511,100 | $52,500 | $458,600 |
| 2022 | $3,231 | $313,700 | $30,000 | $283,700 |
| 2021 | $3,482 | $313,700 | $30,000 | $283,700 |
| 2020 | $3,336 | $300,500 | $22,500 | $278,000 |
| 2019 | $3,336 | $300,500 | $22,500 | $278,000 |
| 2018 | $3,215 | $289,600 | $18,800 | $270,800 |
| 2017 | $3,215 | $289,600 | $18,800 | $270,800 |
| 2016 | $3,215 | $289,600 | $18,800 | $270,800 |
| 2015 | $3,215 | $289,600 | $18,800 | $270,800 |
| 2014 | $3,215 | $289,600 | $18,800 | $270,800 |
Source: Public Records
Agents Affiliated with this Home
-
Salina Khanna
Map
Source: Lynchburg Association of REALTORS®
MLS Number: 340885
APN: 023-31-006
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