NOT LISTED FOR SALE

2204 Memorial Ave Lynchburg, VA 24501

Miller Park Neighborhood

Estimated Value: $48,000 - $135,000

3 Beds
2 Baths
1,852 Sq Ft
$49/Sq Ft Est. Value

Last Sold July 11, 2014

Last sale price $13,000 $7 Per Sq Ft

Est. 601% increase in value since last sale

Current estimated payment $547/month

106 Days on Market

About This Home

As of July 2014

Nice duplex on Memorial Ave within easy walking distance of neighborhood schools, The Plaza shopping center, Miller Park, and the main bus station. Duplex has newer electrical service and each unit has its own heat pump. This is exactly what tenants are looking for so act fast before it is too late.

Last Agent to Sell the Property

Mike Levan

BHHS Dawson Ford Garbee License #0225045215 Listed on: 03/04/2014

BHHS Dawson Ford Garbee

Co-Listed By

Peggy McCall

BHHS Dawson Ford Garbee License #0225036356

Last Buyer's Agent

Mike Levan

BHHS Dawson Ford Garbee License #0225045215 Listed on: 03/04/2014

BHHS Dawson Ford Garbee

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1908

Lot Details

  • 3,920 Sq Ft Lot

Home Design

  • 1,852 Sq Ft Home

Schools

  • Rs Payne Elementary School
  • Pl Dunbar Midl Middle School
  • E. C. Glass High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 01101025

Community Details

Overview

  • 2 Units

Building Details

  • Insurance Expense $500
  • New Taxes Expense $782
  • Gross Income $10,800
  • Net Operating Income $9,517

Property Details

Home Type

Multi-Family

Year Built

Built in 1908

Lot Details

0

Listing Details

  • FILLACRES: 0.0900
  • Directions: memorial Ave directly across from E.C. Glass High School.
  • ElementarySchool7: RS Payne Elem
  • HighSchool7: E. C. Glass High
  • Lot Measurement: Acres
  • Lot Sq Ft: 3920.00
  • MiddleSchool7: PL Dunbar Midl
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 01101025
  • Year Built: 1908
  • Heating System: Heat Pump
  • Taxes Expense: 782.00
  • Special Features: 20
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: Hughs Add, SEC B, Lot 10
  • Reciprocal Listing: No
  • Year Built Exception: 0

Utilities

  • Cooling: Heat Pump
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Fee Information

  • Insurance Expenses: 500.00

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 1852.00

Tax Info

  • Estimated Taxes: 782

Multi Family

  • Annual Gross Income: 10800.00
  • Net Operating Income: 9517.45
  • Total Number Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 28, 2025
Sold by
Felder Durley J and Alford John R
Bought by
Rmg Capital Group Llc
Current Estimated Value
$91,139

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Outstanding Balance
$114,800
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
-$28,394

Purchase Details

Listed on
Mar 4, 2014
Closed on
Jun 25, 2014
Sold by
U S Bank Trust N A
Bought by
Rose Antonio
Seller's Agent
Mike Levan
BHHS Dawson Ford Garbee
Buyer's Agent
Mike Levan
BHHS Dawson Ford Garbee
List Price
$34,900
Sold Price
$13,000
Premium/Discount to List
-$21,900
-62.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.53%

Purchase Details

Closed on
Mar 5, 2014
Sold by
Hubbard Kevin
Bought by
U S Ban K Trust N A

Purchase Details

Closed on
Jan 3, 2006
Sold by
Chenault Gary W
Bought by
Hubbard Kevin D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
8.99%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Rmg Capital Group Llc $50,000 Chicago Title
Rose Antonio $13,000 None Available
U S Ban K Trust N A $50,246 None Available
Hubbard Kevin D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rmg Capital Group Llc $115,000
Previous Owner Hubbard Kevin D $37,917
Previous Owner Hubard Kevin D $8,083
Previous Owner Hubbard Kevin D $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2014 07/11/14 Sold $13,000 -62.8% $7 / Sq Ft
06/18/2014 06/18/14 Pending -- -- --
03/04/2014 03/04/14 For Sale $34,900 -- $19 / 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 $600 $67,400 $12,000 $55,400
2023 $600 $67,400 $12,000 $55,400
2022 $708 $63,800 $6,000 $57,800
2021 $708 $63,800 $6,000 $57,800
2020 $669 $60,300 $6,000 $54,300
2019 $669 $60,300 $6,000 $54,300
2018 $669 $60,300 $6,000 $54,300
2017 $669 $60,300 $6,000 $54,300
2016 $669 $60,300 $6,000 $54,300
2015 $669 $70,500 $6,000 $64,500
2014 $783 $70,500 $6,000 $64,500
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Mike Levan

    BHHS Dawson Ford Garbee

    (434) 942-8393

    6 in this area

    128 Total Sales

    Mike Levan
    Section Image

  • P

    Seller Co-Listing Agent in 2014

    Peggy McCall

    BHHS Dawson Ford Garbee

    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 283706

APN: 011-01-025

Virginia Lynchburg City County Lynchburg 24501 Miller Park

2204 Memorial Ave, Lynchburg, VA

This home is located at 2204 Memorial Ave, Lynchburg, VA 24501 since 04 March 2014 and is currently estimated at $91,139, approximately $49 per square foot. This property was built in 1908. 2204 Memorial Ave is a home located in Lynchburg City with nearby schools including Robert S. Payne Elementary School, Paul Laurence Dunbar Mid. for Innov., and E.C. Glass High School.

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