NOT LISTED FOR SALE

2210 Memorial Ave Lynchburg, VA 24501

Miller Park Neighborhood

Estimated Value: $102,000 - $172,832

-- Bed
3 Baths
1,604 Sq Ft
$89/Sq Ft Est. Value

Last Sold July 24, 2019

Last sale price $59,000 $37 Per Sq Ft

Est. 142% increase in value since last sale

Current estimated payment $871/month

87 Days on Market

About This Home

As of July 2019

Investors this rental property is located in the heart of Lynchburg near public transit and local shopping. A few minutes from Lynchburg University and about 10 minutes from Liberty University and Randolph College. This triplex has all one bedroom units and is in great condition. Electric is separately metered and was just professionally. Property has off road parking as well as on street parking. Total income from three units is $1,150 and all units have tenants. The duplex next door (2212 Memorial) is also for sale by the owner of this property. Seller is willing to package both properties for interested parties. Call agent for more details, home will be sold in as-is condition.

Last Agent to Sell the Property

Lamont Hamlette

eXp Realty LLC-Stafford License #0225223944 Listed on: 03/25/2019

Last Buyer's Agent

Susan Murray

Epique Realty License #0225212736

Epique Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $824

Year Built

  • Built in 1925

Lot Details

  • 7,318 Sq Ft Lot

Home Design

  • 1,604 Sq Ft Home
  • Plaster Walls

Flooring

  • Wood
  • Carpet
  • Vinyl

Parking

  • Unpaved Driveway
  • Guest Parking
  • On-Street Parking
  • Off-Street Parking

Schools

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

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 01101022

Community Details

Overview

  • 3 Units

Building Details

  • Insurance Expense $535
  • Water Sewer Expense $115
  • New Taxes Expense $824
  • Gross Income $13,800
  • Net Operating Income $11,063

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$824

Year Built

Built in 1925

Lot Details

0

Listing Details

  • FILLACRES: 0.1680
  • Directions: North on Memorial Ave pass Langhorne Rd intersection and property is across from E C Glass High School.
  • ElementarySchool7: RS Payne Elem
  • HighSchool7: E. C. Glass High
  • Internet Providers: Comcast/Xfinity, Satellite, Verizon
  • Lot Measurement: Acres
  • Lot Sq Ft: 7318.00
  • MiddleSchool7: PL Dunbar Midl
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 01101022
  • Year Built: 1925
  • Heating System: Wall/Space Unit
  • Unit Info Number Unfurnished Units: 3
  • Taxes Expense: 824.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: HUGHES ADD, SEC B, LOT 13
  • Reciprocal Listing: No
  • Flooring: Carpet, Vinyl, Wood Floors
  • Year Built Exception: 0
  • Walls: Plaster

Garage/Parking

  • Parking: Guest Parking, Off Street Parking, On-Street, Unpaved Drive

Utilities

  • Utility Electric: American Electric
  • Cooling: Window Unit(s)
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric, Individual

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Fee Information

  • Insurance Expenses: 535.00

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 1604.00
  • Zoning: R-3

Rental Info

  • Types Of Leases: Month to Month

Tax Info

  • Estimated Taxes: 824

Multi Family

  • Annual Gross Income: 13800.00
  • Net Operating Income: 11063.00
  • Total Number Units: 3
  • Water Expense: 115.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 7, 2021
Sold by
2210 Memorial Ave Llc
Bought by
Virginia 2210 Llc
Current Estimated Value
$142,958

Purchase Details

Closed on
Nov 14, 2019
Sold by
Heer George A
Bought by
2210 Memorial Ave Llc

Purchase Details

Listed on
Mar 25, 2019
Closed on
Jul 24, 2019
Sold by
Jones Gregory D and Jones Carol L
Bought by
Heer George A
Seller's Agent
Lamont Hamlette
eXp Realty LLC-Stafford
Buyer's Agent
Susan Murray
Epique Realty
List Price
$66,900
Sold Price
$59,000
Premium/Discount to List
-$7,900
-11.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.61%

Purchase Details

Closed on
Apr 26, 2007
Sold by
Kooc Mai Li
Bought by
Jones Gregory D and Jones Carol L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,600
Interest Rate
6.21%
Mortgage Type
New Conventional
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
Virginia 2210 Llc $65,000 Fidelity National Title
2210 Memorial Ave Llc -- None Available
Heer George A $59,000 None Available
Jones Gregory D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jones Gregory D $65,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2019 07/24/19 Sold $59,000 -11.8% $37 / Sq Ft
06/20/2019 06/20/19 Pending -- -- --
03/25/2019 03/25/19 For Sale $66,900 -- $42 / 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 $1,104 $124,000 $13,000 $111,000
2023 $744 $83,600 $13,000 $70,600
2022 $803 $78,000 $7,000 $71,000
2021 $866 $78,000 $7,000 $71,000
2020 $824 $74,200 $7,000 $67,200
2019 $824 $74,200 $7,000 $67,200
2018 $824 $74,200 $7,000 $67,200
2017 $824 $74,200 $7,000 $67,200
2016 $824 $74,200 $7,000 $67,200
2015 $824 $74,200 $7,000 $67,200
2014 $824 $76,400 $7,000 $69,400
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2019

    Lamont Hamlette

    eXp Realty LLC-Stafford

  • Susan Murray

    Buyer's Agent in 2019

    Susan Murray

    Epique Realty

    (434) 420-4240

    9 in this area

    110 Total Sales

    Susan Murray
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 317470

APN: 011-01-022

Virginia Lynchburg City County Lynchburg 24501 Miller Park

2210 Memorial Ave, Lynchburg, VA

This home is located at 2210 Memorial Ave, Lynchburg, VA 24501 since 25 March 2019 and is currently estimated at $142,958, approximately $89 per square foot. This property was built in 1925. 2210 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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