NOT LISTED FOR SALE

Estimated Value: $186,000 - $215,000

-- Bed
2 Baths
1,824 Sq Ft
$111/Sq Ft Est. Value

Last Sold February 22, 2024

Last sale price $205,000 $112 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,314/month

52 Days on Market

About This Home

As of February 2024

Owner Financing Available! Great Rental History on this Recently Renovated (Unit B) Up/Down Duplex just off Main St in Downtown Lynchburg - Conveniently Located to Shopping, Restaurants, Schools, Transportation & Churches. The Duplex offers Off Street Parking in Front as well as a Freshly Graveled Parking Area behind the Home. The Downstairs Unit has been COMPLETELY renovated with Everything New: Vinyl Plank Floors, Walls, Cabinets, Granite Counters, SS Appliances, Heating/Cooling Systems (Mini Split & Elec Baseboard) and more. Each Unit offers: Living Room; Kitchen w/ Apps Conveying; Breakfast Area; Three Large Bedrooms; and a Full Bath w/ Shower/Tub (BONUS: Unit A has a New Deck as well). Come See this Great Investment Opportunity Before It's Gone!

Last Agent to Sell the Property

Mickey Herzing

Mark A. Dalton & Co., Inc. License #0225077771 Listed on: 12/11/2023

Last Buyer's Agent

Shane Timberlake

Karl Miller Realty LLC License #0225247602

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $726

Year Built

  • Built in 1974

Lot Details

  • 7,575 Sq Ft Lot

Home Design

  • 1,824 Sq Ft Home

Flooring

  • Carpet
  • Vinyl

Parking

  • Parking Lot
  • Off-Street Parking

Schools

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

Utilities

  • Window Unit Cooling System
  • Heat Pump System
  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 04622011

Community Details

Overview

  • 2 Units
  • White Rock Subdivision

Building Details

  • 1 Separate Water Meter
  • Gross Income $22,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$726

Year Built

Built in 1974

Lot Details

0

Listing Details

  • FILLACRES: 0.1739
  • Directions: From Downtown Lynchburg - Take Main St to a Right onto Florida Ave; Home is 2nd on Left (Ample Parking Behind Home).
  • ElementarySchool7: WM Bass Elem
  • HighSchool7: Heritage High
  • Lot Measurement: Acres
  • Lot Sq Ft: 7575.00
  • MiddleSchool7: Sandusky Midl
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 04622011
  • Year Built: 1974
  • Heating System: Electric Baseboard, Heat Pump, Other
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: DAVIS ADD, BLK D 44, PT LOT A
  • Reciprocal Listing: No
  • Flooring: Carpet, Vinyl, Other
  • Year Built Exception: 0
  • Walls: Drywall

Garage/Parking

  • Parking: Off Street Parking, Parking Lot

Utilities

  • Utility Electric: American Electric
  • Cooling: Heat Pump, Window Unit(s)
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric
  • Number Of Water Meters: 1

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors
  • Subdivision Complex: White Rock

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 1824.00
  • Zoning: R-3

Rental Info

  • Types Of Leases: 1 Year Lease

Tax Info

  • Estimated Taxes: 726

Multi Family

  • Annual Gross Income: 22800.00
  • Total Number Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2023
Closed on
Feb 21, 2024
Sold by
Up Front Results Llc
Bought by
Stemplewski Ian Cy
Seller's Agent
Mickey Herzing
Mark A. Dalton & Co., Inc.
Buyer's Agent
Shane Timberlake
Karl Miller Realty LLC
List Price
$211,900
Sold Price
$205,000
Premium/Discount to List
-$6,900
-3.26%
Views
124
Current Estimated Value
$219,415

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,415
Avg. Annual Appreciation
2.82%
Original Mortgage
$185,000
Outstanding Balance
$182,821
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$30,737

Purchase Details

Listed on
Dec 11, 2023
Closed on
Feb 16, 2024
Sold by
Stemplewski Ian Cy
Bought by
Stemplewski Ian Cy and Griffin Amanda Michelle
Seller's Agent
Mickey Herzing
Mark A. Dalton & Co., Inc.
Buyer's Agent
Shane Timberlake
Karl Miller Realty LLC
List Price
$211,900
Sold Price
$205,000
Premium/Discount to List
-$6,900
-3.26%
Views
124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Outstanding Balance
$182,821
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$30,737

Purchase Details

Closed on
Feb 29, 2012
Sold by
Bautista Carlo and Grimmett Michael
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jul 6, 2006
Sold by
Minor Paul and Minor Rkia Oasis
Bought by
Bautista Carlo and Grimmett Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,896
Interest Rate
6.67%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 18, 2005
Sold by
J C Venture Strategies Llc
Bought by
Minor Paul and Minor Rkea Oasis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,400
Interest Rate
11.4%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Stemplewski Ian Cy $205,000 Old Republic National Title
Stemplewski Ian Cy -- None Listed On Document
Wells Fargo Bank Na $27,137 None Available
Bautista Carlo -- None Available
Minor Paul -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stemplewski Ian Cy $185,000
Previous Owner Mach Llc $610,000
Previous Owner Bautista Carlo $64,896
Previous Owner Minor Paul $50,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2024 02/22/24 Sold $205,000 -3.3% $112 / Sq Ft
02/01/2024 02/01/24 Pending -- -- --
12/11/2023 12/11/23 For Sale $211,900 +909.0% $116 / Sq Ft
10/05/2012 10/05/12 Sold $21,000 -57.9% $12 / Sq Ft
08/29/2012 08/29/12 Pending -- -- --
05/11/2012 05/11/12 For Sale $49,900 -- $27 / 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 $1,420 $159,500 $8,300 $151,200
2023 $462 $76,100 $8,300 $67,800
2022 $686 $66,600 $5,800 $60,800
2021 $739 $66,600 $5,800 $60,800
2020 $710 $64,000 $3,800 $60,200
2019 $710 $64,000 $3,800 $60,200
2018 $598 $64,000 $3,800 $60,200
2017 $611 $55,000 $3,800 $51,200
2016 $535 $48,200 $3,800 $44,400
2015 $535 $48,200 $3,800 $44,400
2014 $401 $67,400 $3,800 $63,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 349574

APN: 046-22-011