NOT LISTED FOR SALE

2208 Park Place Lynchburg, VA 24501

Miller Park Neighborhood

Estimated Value: $134,000 - $163,335

-- Bed
3 Baths
1,959 Sq Ft
$78/Sq Ft Est. Value

Last Sold June 22, 2016

Last sale price $55,000 $28 Per Sq Ft

Est. 176% increase in value since last sale

Current estimated payment $890/month

48 Days on Market

About This Home

As of June 2016

2 unit duplex, front porch, driveway, extra lot behind rear porch, basement has 2 bedrooms and bath.

Last Agent to Sell the Property

Judy Creasy

Century 21 ALL-SERVICE License #0225022614 Listed on: 03/16/2016

Century 21 ALL-SERVICE

Last Buyer's Agent

Teresa Hudson

John Stewart Walker, Inc License #0225170883

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $905

Year Built

  • Built in 1939

Lot Details

  • 0.28 Acre Lot

Parking

  • Off-Street Parking

Home Design

  • 1,959 Sq Ft Home

Flooring

  • Wood
  • Carpet
  • Vinyl

Schools

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Steam
  • Electric Water Heater

Community Details

Overview

  • 2 Units
  • Miller Park Subdivision

Building Details

  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Insurance Expense $1,214
  • New Taxes Expense $905
  • Gross Income $11,220

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$905

Year Built

Built in 1939

Lot Details

0

Listing Details

  • FILLACRES: 0.2810
  • Directions: Memorial Ave to Stuart St. to R Park Place across from EC Glass turn at Sims Building.
  • ElementarySchool7: RS Payne Elem
  • HighSchool7: E. C. Glass High
  • Lot Measurement: Acres
  • Lot Sq Ft: 12240.00
  • MiddleSchool7: PL Dunbar Midl
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • Year Built: 1939
  • Heating System: Steam-Gas
  • Unit Info Number Unfurnished Units: 2
  • Taxes Expense: 905.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: Park Place Sec A, Lot 5
  • Reciprocal Listing: No
  • Flooring: Carpet, Vinyl, Wood Floors
  • Year Built Exception: 0

Garage/Parking

  • Parking: Off Street Parking

Utilities

  • Cooling: Wall Unit(s)
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric
  • Number of Gas Meters: 1
  • Number Of Water Meters: 1

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors
  • Subdivision Complex: Miller Park

Fee Information

  • Insurance Expenses: 1214.00

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 1959.00

Rental Info

  • Types Of Leases: Month to Month

Tax Info

  • Estimated Taxes: 905

Multi Family

  • Annual Gross Income: 11220.00
  • Total Number Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 16, 2016
Closed on
Jun 15, 2016
Sold by
Kash Sue C and Wright Laverne
Bought by
Pretty John L
Seller's Agent
Judy Creasy
Century 21 ALL-SERVICE
Buyer's Agent
Teresa Hudson
John Stewart Walker, Inc
List Price
$76,900
Sold Price
$55,000
Premium/Discount to List
-$21,900
-28.48%
Current Estimated Value
$151,834

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,834
Avg. Annual Appreciation
11.78%
Original Mortgage
$44,000
Outstanding Balance
$35,534
Interest Rate
3.61%
Mortgage Type
New Conventional
Estimated Equity
$118,022
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
Pretty John L $55,000 Advantage Title & Closing Ll
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pretty John L $44,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2016 06/22/16 Sold $55,000 -28.5% $28 / Sq Ft
05/03/2016 05/03/16 Pending -- -- --
03/16/2016 03/16/16 For Sale $76,900 -- $39 / 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 $831 $93,400 $12,000 $81,400
2023 $831 $93,400 $12,000 $81,400
2022 $843 $81,800 $6,000 $75,800
2021 $908 $81,800 $6,000 $75,800
2020 $894 $80,500 $6,000 $74,500
2019 $894 $80,500 $6,000 $74,500
2018 $894 $80,500 $6,000 $74,500
2017 $894 $80,500 $6,000 $74,500
2016 $894 $80,500 $6,000 $74,500
2015 $894 $80,500 $6,000 $74,500
2014 $223 $82,800 $6,000 $76,800
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Judy Creasy

    Century 21 ALL-SERVICE

    Section Image

  • T

    Buyer's Agent in 2016

    Teresa Hudson

    John Stewart Walker, Inc

    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 297281

APN: 011-02-029

Virginia Lynchburg City County Lynchburg 24501 Miller Park

2208 Park Place, Lynchburg, VA

This home is located at 2208 Park Place, Lynchburg, VA 24501 since 16 March 2016 and is currently estimated at $151,834, approximately $77 per square foot. This property was built in 1939. 2208 Park Place 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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