$315,000
SOLD OCT 11, 2024

219 S Princeton Cir Unit 1&2 Lynchburg, VA 24503

Woodland Neighborhood
-- Bed
-- Bath
2,970 Sq Ft
3,798 Sq Ft Lot

Recently Sold

$106 Per Sq Ft

5 Days on Market

About This Home

As of October 2024

Great investment property or owner live-in w/rental unit. Positive Cash Flow, zoned for long or short term rental opportunities. Great for College Housing Market as it is adjacent to Randolph College. Newly painted exterior (in process finish very soon), Excellent Rental History. Could be opened back up into a single family home or retained as 2 unit rental. $10K Water Removal System installed in basement to eliminate water penetration into living space.

Last Agent to Sell the Property

DON MARR

NextHome TwoFourFive License #0225248458 Listed on: 09/07/2024

NextHome TwoFourFive

Last Buyer's Agent

Allen Addair

eXp Realty LLC-Lynchburg License #0225215802

eXp Realty LLC-Lynchburg

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,078

Year Built

  • Built in 1923

Lot Details

  • 3,798 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Plaster Walls

Interior Spaces

  • 2,970 Sq Ft Home
  • Wood Flooring

Schools

  • Bedford Hills Elementary School
  • Linkhorne Midl Middle School
  • E. C. Glass High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for electricity, sewer, trash removal, water
  • Month-to-Month Lease Term
  • Assessor Parcel Number 01901004

Community Details

Overview

  • Randolph College Area Subdivision

Building Details

  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Net Lease
  • Electric Expense $3,485
  • Insurance Expense $2,170
  • Maintenance Expense $737
  • Water Sewer Expense $699
  • New Taxes Expense $2,078
  • Gross Income $29,880
  • Net Operating Income $20,818

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,078

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Directions: Rivermont Ave to South Princeton Circle. First home on the right after the house facing Rivermont.
  • Internet Providers: Comcast/Xfinity
  • Days On Market: No
  • Prop. Type: Multi-Family
  • Year Built: 1923
  • Garage Yn: No
  • Taxes Expense: 2078.15
  • Property Sub-Type: Multi-Family
  • Total Gross Income: 29880.00
  • Subdivision Name: Randolph College Area
  • Unit Info Number Unfurnished Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Reciprocal Listing: No
  • Flooring: Wood Floors
  • Walls: Plaster

Garage/Parking

  • Parking Features: 1 Space/Unit, On-Street

Utilities

  • Utility Electric: American Electric, Other
  • Cooling: Heat Pump
  • Sewer: City
  • Water Heater: Electric
  • Heating: Heat Pump
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 699.00

Schools

  • Elementary School: Bedford Hills Elem
  • High School: E. C. Glass High
  • Middle School: Linkhorne Midl
  • Junior High Dist: Lynchburg

Lot Info

  • Zoning: R4
  • Acres: 0.0872
  • Lot Size Sq Ft: 3798.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 01901004
  • ResoLotSizeUnits: Acres

Rental Info

  • Sub Lease: No
  • Types Of Leases: 1 Year Lease, Month to Month
  • Owner Pays: Electricity, Sewer, Trash Removal, Water, Other
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00

Tax Info

  • Estimated Taxes: 2078

Multi Family

  • Electric Expense: 3485.00
  • Maintenance Expense: 737.00
  • Number Of Units Total: 2
  • Existing Lease Type: Net
  • Insurance Expense: 2170.00
  • Net Operating Income: 20818.00
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2024 10/11/24 Sold $315,000 0.0% $106 / Sq Ft
09/12/2024 09/12/24 Pending -- -- --
09/07/2024 09/07/24 For Sale $315,000 -- $106 / Sq Ft
Source: Lynchburg Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • DON MARR

    Seller's Agent in 2024

    DON MARR

    NextHome TwoFourFive

    (434) 215-8178

    2 in this area

    66 Total Sales

    DON MARR
    Section Image
  • Allen Addair

    Buyer's Agent in 2024

    Allen Addair

    eXp Realty LLC-Lynchburg

    (434) 907-6171

    1 in this area

    225 Total Sales

    Allen Addair
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 354530

Virginia Lynchburg City County Lynchburg 24503 Woodland

219 S Princeton Cir Unit 1&2, Lynchburg, VA

This home is located at 219 S Princeton Cir Unit 1&2, Lynchburg, VA 24503 and is currently priced at $315,000, approximately $106 per square foot. This property was built in 1923. 219 S Princeton Cir Unit 1&2 is a home located in Lynchburg City with nearby schools including Bedford Hills Elementary School, Linkhorne Middle School, and E.C. Glass High School.

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