NOT LISTED FOR SALE

2248 Otey St Lynchburg, VA 24501

Fairview Heights Neighborhood

Estimated Value: $161,000 - $193,942

4 Beds
2 Baths
1,502 Sq Ft
$120/Sq Ft Est. Value

Last Sold February 22, 2023

Last sale price $152,500 $102 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $1,094/month

23 Days on Market

Highlights

  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Landscaped
  • Fenced Yard
  • Zoned Heating and Cooling
  • Ceiling Fan

About This Home

As of February 2023

Absolutely gorgeous home located less than 10 minutes from both Downtown and Wards Rd!! Features include brand new triple split unit HVAC, new roof, new water heater, new windows, updated plumbing and electric, new appliances, fenced in backyard, and many more!! This is perfect for anyone looking for convenient location, excellent price, and completely updated amenities! Come see it today!

Last Agent to Sell the Property

Adam Stinespring

Keller Williams License #0225258772 Listed on: 11/11/2022

Keller Williams

Last Buyer's Agent

Danielle Kramer

Keller Williams License #0225261429

Keller Williams

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $476

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot
  • Fenced Yard
  • Landscaped

Home Design

  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,502 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Attic Access Panel
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Schools

  • Wm Bass Elementary School
  • Sandusky Midl Middle School
  • Heritage High School

Utilities

  • Zoned Heating and Cooling
  • Mini Split Heat Pump
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 05022024

Home Details

Home Type

Single Family

Est. Annual Taxes

$476

Year Built

Built in 1900

Lot Details

0

Listing Details

  • FILLACRES: 0.1000
  • Directions: From 29 BUS N, Take exit 3 to merge onto US-460 BUS E/US-501 BUS S/Kemper St, Merge onto US-460 BUS E/US-501 BUS S/Kemper St, Turn right onto Otey St
  • ElementarySchool7: WM Bass Elem
  • HighSchool7: Heritage High
  • Lot Measurement: Acres
  • Lot Sq Ft: 4356.00
  • MiddleSchool7: Sandusky Midl
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 05022024
  • Year Built: 1900
  • Heating System: Mini-Split, Three-Zone or more
  • Building Stories: Two
  • Dwelling Styles: Two Story
  • Laundryroom Dim: 0.000 x 0.000
  • Living Room Dim: 15.000 x 13.000
  • Livingroom Len: 15.000
  • Livingroom Wid: 13.000
  • Masterbedroom Area: 130.000000
  • Master Bedroom Dim: 10.000 x 13.000
  • Masterbedroom Len: 10.000
  • Masterbedroom Wid: 13.000
  • Office Dim: 0.000 x 0.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 2.00
  • Bathrooms Display: 2 (2 0)
  • Lower Floor 1 Bedrooms: 4
  • Broker Approved: Yes
  • Legal Description: RIVES, PT LOTS 115-116
  • Reciprocal Listing: No
  • Second Bedroom: 10x8 Level: Level 1 Above Grade
  • Second Bedroom Area: 80.000000
  • Third Bedroom: 10x1 Level: Level 1 Above Grade
  • Third Bedroom Area: 10.000000
  • Fourth Bedroom: 11x9 Level: Level 1 Above Grade
  • Fourth Bedroom Area: 99.000000
  • Above Grade Finished Sq Ft: 1502.00
  • ApplianceConvey: Dishwasher, Microwave, Range-Elec, Refrigerator
  • Has Attic: Access
  • Has Basement: Slab
  • Flooring: Laminate, Vinyl
  • Year Built Exception: 0
  • Level 1 Full Bathrooms: 1
  • Level 2 Full Bathrooms: 1
  • Interior Amenities: Ceiling Fan(s), Drywall, Main Level Bedroom, Master Bed w/ Bath, Smoke Alarm
  • Dining Kitchen: 18x11 Level:
  • Laundry: Dryer Connection, Laundry Closet, Main Level, Washer Connections
  • Living Room: 15x13 Level: Level 1 Above Grade
  • Master Bedroom: 10x13 Level: Level 2 Above Grade
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 198.000000
  • LivingRoom Area: 195.000000
  • Est Other Room1 Dim: 0.000 x 0.000
  • Est Other Room2 Dim: 0.000 x 0.000
  • Est Other Room3 Dim: 0.000 x 0.000
  • Rec Room Dim: 0.000 x 0.000
  • Sunroom Dim: 0.000 x 0.000

Exterior Features

  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Fenced Yard, Privacy Fence, Landscaped, Insulated Glass

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Air Conditioner: Three-Zone or More
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 1502.00

Tax Info

  • Estimated Taxes: 476

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2022
Closed on
Feb 22, 2023
Sold by
Investments Mdc Llc
Bought by
Brown Teritta R
Seller's Agent
Adam Stinespring
Keller Williams
Buyer's Agent
Danielle Kramer
Keller Williams
List Price
$169,900
Sold Price
$152,500
Premium/Discount to List
-$17,400
-10.24%
Views
124
Current Estimated Value
$180,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,986
Avg. Annual Appreciation
7.61%
Original Mortgage
$149,737
Outstanding Balance
$146,009
Interest Rate
6.33%
Mortgage Type
FHA
Estimated Equity
$37,055

Purchase Details

Closed on
Mar 16, 2022
Sold by
Edward Catlett Reggie
Bought by
Investments Mdc Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
3.85%
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
Brown Teritta R $152,500 Old Republic National Title
Investments Mdc Llc -- Old Republic National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Teritta R $7,924
Open Brown Teritta R $149,737
Previous Owner Investments Mdc Llc $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2023 02/22/23 Sold $152,500 -4.6% $102 / Sq Ft
12/04/2022 12/04/22 Pending -- -- --
11/26/2022 11/26/22 Price Changed $159,900 -3.0% $106 / Sq Ft
11/18/2022 11/18/22 Price Changed $164,900 -2.9% $110 / Sq Ft
11/11/2022 11/11/22 For Sale $169,900 -- $113 / 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 $1,331 $149,600 $12,000 $137,600
2023 $1,331 $149,600 $12,000 $137,600
2022 $442 $42,900 $7,500 $35,400
2021 $357 $42,900 $7,500 $35,400
2020 $470 $42,300 $7,500 $34,800
2019 $470 $42,300 $7,500 $34,800
2018 $117 $42,300 $7,500 $34,800
2017 $470 $42,300 $7,500 $34,800
2016 $470 $42,300 $7,500 $34,800
2015 $235 $49,500 $4,000 $45,500
2014 $412 $49,500 $4,000 $45,500
Source: Public Records

Agents Affiliated with this Home

  • Adam Stinespring

    Seller's Agent in 2023

    Adam Stinespring

    Keller Williams

    (434) 363-1907

    3 in this area

    68 Total Sales

    Section Image

  • D

    Buyer's Agent in 2023

    Danielle Kramer

    Keller Williams

    (434) 382-8094

    1 in this area

    29 Total Sales

    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 341420

APN: 050-22-024

Virginia Lynchburg City County Lynchburg 24501 Fairview Heights

2248 Otey St, Lynchburg, VA

This home is located at 2248 Otey St, Lynchburg, VA 24501 since 11 November 2022 and is currently estimated at $180,486, approximately $120 per square foot. This property was built in 1900. 2248 Otey St is a home located in Lynchburg City with nearby schools including William M. Bass Elementary School, Sandusky Middle School, and Heritage High School.

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