$322,500
SOLD DEC 17, 2024

221 S Princeton Cir Lynchburg, VA 24503

Woodland Neighborhood
-- Bed
-- Bath
3,934 Sq Ft
0.25 Acres

Recently Sold

$82 Per Sq Ft

13% Below List Price

80 Days on Market

Highlights

  • Wood Flooring
  • Heating System Uses Steam
  • 4-minute walk to Riverside Park

About This Home

As of December 2024

Time to get a contract on an investment property in the desirable Rivermont area near Randolph College! Schedule a showing to see this 4-plex with a very successful rental history. This is a great option for new or experienced investors to jump in the market.All units have separate electric meters and the house gas boiler was fine-tuned recently. Units 1 & 2 have mini-splits to provide air conditioning.

Last Agent to Sell the Property

Terri Proffitt

Consensus Real Estate Service License #0225105463 Listed on: 08/30/2024

Co-Listed By

Stephanie Cox

Cox Management and Consulting License #0225105461

Last Buyer's Agent

Stephanie Cox

Cox Management and Consulting License #0225105461

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,445

Year Built

  • Built in 1911

Lot Details

  • 0.25 Acre Lot

Home Design

  • 3,934 Sq Ft Home
  • Plaster Walls

Flooring

  • Wood
  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • Paved Parking
  • On-Street Parking

Schools

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Heat Pump System
  • Heating System Uses Steam
  • Gas Water Heater

Listing and Financial Details

  • The owner pays for exterior maintenance, gas, heating, hot water, lawn care, sewer, trash removal, water
  • Assessor Parcel Number 01901005

Community Details

Overview

  • Randolph College Area Subdivision

Building Details

  • 1 Separate Gas Meter
  • 1 Separate Water Meter
  • Net Lease
  • Electric Expense $1,151
  • Fuel Expense $3,337
  • Insurance Expense $1,961
  • Maintenance Expense $4,489
  • Water Sewer Expense $2,202
  • New Taxes Expense $2,083
  • Gross Income $31,812

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,445

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Directions: West on Rivermont Avenue from downtown to left on South Princeton. Property is on the right.
  • Internet Providers: Comcast/Xfinity, Verizon
  • Days On Market: No
  • Prop. Type: Multi-Family
  • Year Built: 1911
  • Garage Yn: No
  • Taxes Expense: 2083.00
  • Property Sub-Type: Multi-Family
  • Total Gross Income: 31812.00
  • Co List Office Mls Id: 680
  • Subdivision Name: Randolph College Area
  • Unit Info Number Unfurnished Units: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Reciprocal Listing: No
  • Flooring: Ceramic Tile, Concrete, Vinyl, Wood Floors
  • Walls: Drywall, Plaster

Garage/Parking

  • Parking Features: On-Street, Paved Drive

Utilities

  • Utility Electric: American Electric
  • Cooling: Heat Pump, Wall Unit(s), Window Unit(s)
  • Sewer: City
  • Water Heater: Gas
  • Heating: Heat Pump, Steam-Gas
  • Water Source: City

Fee Information

  • Annual Water Sewer Expense: 2202.00

Schools

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

Lot Info

  • Zoning: R4R3
  • Acres: 0.2500
  • Lot Size Sq Ft: 10890.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 01901005
  • ResoLotSizeUnits: Acres

Rental Info

  • Sub Lease: No
  • Types Of Leases: 1 Year Lease
  • Owner Pays: Exterior Maintenance, Gas, Heating, Hot Water, Lawn Care, Sewer, Trash Removal, Water
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00

Tax Info

  • Estimated Taxes: 2445

Multi Family

  • Electric Expense: 1151.00
  • Gas Expense: 3337.00
  • Maintenance Expense: 4489.00
  • Number Of Units Total: 4
  • Existing Lease Type: Net
  • Insurance Expense: 1961.00
  • 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
12/17/2024 12/17/24 Sold $322,500 -11.6% $82 / Sq Ft
11/18/2024 11/18/24 Pending -- -- --
09/20/2024 09/20/24 Price Changed $364,900 -1.9% $93 / Sq Ft
08/30/2024 08/30/24 For Sale $372,000 +88.4% $95 / Sq Ft
10/31/2017 10/31/17 Sold $197,500 -10.2% $71 / Sq Ft
10/25/2017 10/25/17 Pending -- -- --
08/22/2017 08/22/17 For Sale $220,000 -- $79 / Sq Ft
Source: Lynchburg Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Terri Proffitt

    Seller's Agent in 2024

    Terri Proffitt

    Consensus Real Estate Service

    (434) 316-3471

    1 in this area

    37 Total Sales

    Section Image

  • S

    Seller Co-Listing Agent in 2024

    Stephanie Cox

    Cox Management and Consulting

    Section Image

  • S

    Seller's Agent in 2017

    Sarah Thomas

    Brownstone Properties

    55 Total Sales

    Section Image

  • A

    Buyer's Agent in 2017

    Amy Scott

    John Stewart Walker, Inc

    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 354384

APN: 019 01 005

Virginia Lynchburg City County Lynchburg 24503 Woodland

221 S Princeton Cir, Lynchburg, VA

This home is located at 221 S Princeton Cir, Lynchburg, VA 24503 and is currently priced at $322,500, approximately $81 per square foot. This property was built in 1911. 221 S Princeton Cir is a home located in Lynchburg City with nearby schools including Bedford Hills Elementary School, Linkhorne Middle School, and E.C. Glass High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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