NOT LISTED FOR SALE

2225 Chestnut Ave Buena Vista, VA 24416

Estimated Value: $197,000 - $286,000

2 Beds
2 Baths
2,108 Sq Ft
$119/Sq Ft Est. Value

Last Sold July 28, 2023

Last sale price $176,500 $84 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $1,433/month

49 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • 2-minute walk to Penny Park

About This Home

As of July 2023

Don't miss this opportunity to own a great Multi-family home in Buena Vista. Extensive home improvements were started in 2020 to include: 100% new plumbing throughout the home, new bathroom fan, metal roof repair and paint, wood floors sanded and painted, new drywall and insulation installed where needed, Entire interior of the home was painted, new windows where needed, siding was repaired, and new fixtures were installed. The new furnishings, new lawnmower and window AC unit were purchased new in 2021 and available as purchase through a personal property addendum. New water line from meter to home was just replaced in 2023. Detached storage shed. Equipped with separate utilities and private entrances for the upper and lower levels. Perfect for married couples or student housing. This home can be used as two single apartments or as single family home. Easy walk to downtown and just a short walk (0.3 miles) to Southern Virginia University campus.

Last Agent to Sell the Property

Michael Cooper

Raven Realty LLC License #0225222475 Listed on: 03/31/2023

Last Buyer's Agent

Meredith Ford

OUT OF AREA BROKER

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,087

Year Built

  • Built in 1920

Lot Details

  • 6,098 Sq Ft Lot

Parking

  • On-Street Parking

Interior Spaces

  • 2,108 Sq Ft Home
  • Wood Flooring

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Community Details

  • 2 Units
  • 2 Separate Gas Meters

Listing and Financial Details

  • Assessor Parcel Number 8100994

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,087

Year Built

Built in 1920

Lot Details

0

Listing Details

  • FILLACRES: 0.1400
  • Directions: Head southeast on US-60 E/E Nelson St toward S Randolph St Continue to follow US-60 E Pass by Wendy's 6.4 mi Turn right onto Beech Ave Pass by Hardee's 0.1 mi Turn left onto W 26th St/W College Hill Dr/Park Ave turn right onto Chestnut Ave.
  • Lot Measurement: SqFt
  • Lot Sq Ft: 6098.00
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 8100994
  • Year Built: 1920
  • Heating System: Forced Warm Air-Gas
  • Unit Info Number Furnished Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: 5-43-11
  • Reciprocal Listing: No
  • Flooring: Wood Floors
  • Year Built Exception: 0
  • Walls: Drywall

Garage/Parking

  • Parking: On-Street

Utilities

  • Cooling: Window Unit(s)
  • Sewer: City
  • Hot Water: City
  • Number of Gas Meters: 2

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Other
  • School District: Other

Lot Info

  • Lot Sq Ft: 2108.00
  • Zoning: R-3

Tax Info

  • Estimated Taxes: 1087

Multi Family

  • Total Number Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2023
Closed on
Jul 26, 2023
Sold by
Huber Aaron M and Huber Karen C
Bought by
Thatcher Susan B
Seller's Agent
Michael Cooper
Raven Realty LLC
Buyer's Agent
Meredith Ford
OUT OF AREA BROKER
List Price
$169,900
Sold Price
$176,500
Premium/Discount to List
$6,600
3.88%
Views
156
Current Estimated Value
$250,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,833
Avg. Annual Appreciation
17.92%
Original Mortgage
$150,025
Interest Rate
6.13%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 3, 2020
Closed on
Oct 2, 2020
Sold by
Turman Ruth Ann and Turman Paul David
Bought by
Huber Aaron M and Huber Karen C
Seller's Agent
Barbara Wilhelm
Wilhelm & Company Real Estate
Buyer's Agent
Non Member
List Price
$89,000
Sold Price
$75,000
Premium/Discount to List
-$14,000
-15.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.46%

Purchase Details

Closed on
Jun 4, 2020
Sold by
Maldonado Maria Luisa
Bought by
Truman Ruth Ann and Truman Paul David

Purchase Details

Closed on
Mar 23, 2020
Sold by
Truman Jonathan David
Bought by
Truman Ruth Ann and Truman Paul David

Purchase Details

Closed on
Mar 2, 2018
Sold by
Wheeler Deborah Lea
Bought by
Turman Ruth Ann and Turman Paul David
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
Thatcher Susan B $176,500 None Listed On Document
Huber Aaron M $75,000 None Available
Truman Ruth Ann -- None Available
Truman Ruth Ann -- None Available
Turman Ruth Ann -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thatcher Susan B $200,000
Closed Thatcher Susan B $150,025
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2023 07/28/23 Sold $176,500 +3.9% $84 / Sq Ft
05/19/2023 05/19/23 Pending -- -- --
05/12/2023 05/12/23 For Sale $169,900 -3.7% $81 / Sq Ft
05/08/2023 05/08/23 Off Market $176,500 -- --
04/09/2023 04/09/23 Pending -- -- --
03/31/2023 03/31/23 For Sale $169,900 +126.5% $81 / Sq Ft
10/02/2020 10/02/20 Sold $75,000 -15.7% $36 / Sq Ft
09/11/2020 09/11/20 Pending -- -- --
09/03/2020 09/03/20 For Sale $89,000 -- $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 $947 $183,800 $16,000 $167,800
2023 $1,519 $119,600 $16,000 $103,600
2022 $1,519 $119,600 $16,000 $103,600
2021 $1,519 $119,600 $16,000 $103,600
2020 $1,447 $119,600 $16,000 $103,600
2019 $1,260 $104,100 $16,000 $88,100
2018 -- $104,100 $16,000 $88,100
2017 $1,260 $104,100 $16,000 $88,100
2016 $1,260 $104,100 $16,000 $88,100
Source: Public Records

Agents Affiliated with this Home

  • Michael Cooper

    Seller's Agent in 2023

    Michael Cooper

    Raven Realty LLC

    (434) 338-2667

    6 in this area

    45 Total Sales

    Michael Cooper
    Section Image
  • Meredith Ford

    Buyer's Agent in 2023

    Meredith Ford

    OUT OF AREA BROKER

    (434) 385-8760

    15 in this area

    2,716 Total Sales

    Meredith Ford
    Section Image
  • Barbara Wilhelm

    Seller's Agent in 2020

    Barbara Wilhelm

    Wilhelm & Company Real Estate

    (540) 261-1717

    73 in this area

    91 Total Sales

    Barbara Wilhelm
    Section Image

  • N

    Buyer's Agent in 2020

    Non Member

See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 343340

APN: 34- 1- 5-43- 11

Virginia Buena Vista County Buena Vista 24416

2225 Chestnut Ave, Buena Vista, VA

This home is located at 2225 Chestnut Ave, Buena Vista, VA 24416 since 31 March 2023 and is currently estimated at $250,333, approximately $118 per square foot. This property was built in 1920. 2225 Chestnut Ave is a home located in Buena Vista City with nearby schools including Parry McCluer High School.

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