NOT LISTED FOR SALE

2505 Morson St Lynchburg, VA 24501

Fairview Heights Neighborhood

Estimated Value: $105,238 - $125,000

3 Beds
1 Bath
1,228 Sq Ft
$94/Sq Ft Est. Value

Last Sold October 21, 2015

Last sale price $55,000 $45 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $657/month

343 Days on Market

Highlights

  • Ranch Style House
  • Storm Windows
  • Ceiling Fan
  • Wood Flooring
  • Home Security System

About This Home

As of October 2015

New Price Reduction And Seller will help with closing costs! Great incentive for first time homebuyers. Attractive and charming bungalow conveniently located in an established neighborhood near Fairview Christian Church. Very spacious rooms with refinished hardwood flooring. New roof, new heat pump,new microwave,new bath,and freshly painted interior. All electrical outlets have been replaced. New ceiling fans and light fixtures. Rocking chair front porch. Three spacious bedrooms. An additional room adjoining 3rd bedroom could be used as an office or den. This property is in very good condition and would make a great first home or would serve as an excellent rental home for an investor.Concrete building shell in back yard could easily be finished for a detached garage or workshop.

Last Agent to Sell the Property

Nora Murphy

Blickenstaff & Company, Realto License #0225055928 Listed on: 10/07/2014

Last Buyer's Agent

Bonnie Crews

Watts Auction Realty Appra Inc License #0225206601

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $592

Year Built

  • Built in 1910

Lot Details

  • 5,445 Sq Ft Lot
  • Property is zoned R-3

Home Design

  • Ranch Style House
  • Shingle Roof
  • Plaster

Interior Spaces

  • 1,228 Sq Ft Home
  • Ceiling Fan
  • Crawl Space
  • Scuttle Attic Hole

Kitchen

  • Electric Range
  • Microwave

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Home Security

  • Home Security System
  • Storm Windows
  • Storm Doors

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Fairview Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 05023001

Home Details

Home Type

Single Family

Est. Annual Taxes

$592

Year Built

Built in 1910

Lot Details

0

Listing Details

  • FILLACRES: 0.1250
  • BuildingOnProperty: Other
  • Directions: Campbell Avenue to Mosby(beside Fairview Christian Church), to left on Morson St. Sign
  • ElementarySchool7: WM Bass Elem
  • HighSchool7: Heritage High
  • Lot Measurement: Acres
  • Lot Sq Ft: 5445.00
  • MiddleSchool7: Sandusky Midl
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 05023001
  • Year Built: 1910
  • Heating System: Heat Pump
  • Building Stories: One
  • Dwelling Styles: Ranch
  • Laundryroom Dim: 0.000 x 0.000
  • Living Room Dim: 15.000 x 15.000
  • Livingroom Len: 15.000
  • Livingroom Wid: 15.000
  • Masterbedroom Area: 225.000000
  • Master Bedroom Dim: 15.000 x 15.000
  • Masterbedroom Len: 15.000
  • Masterbedroom Wid: 15.000
  • Office Dim: 0.000 x 0.000
  • Other Room1 Area: 96.000000
  • Other Room1 Len: 12.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 1.00
  • Bathrooms Display: 1 (1 0)
  • Lower Floor 1 Bedrooms: 3
  • Broker Approved: Yes
  • Legal Description: RIVES, BLK G, LOT 83
  • Reciprocal Listing: No
  • Second Bedroom: 12x8 Level: Level 1 Above Grade
  • Second Bedroom Area: 96.000000
  • Third Bedroom: 10x8 Level: Level 1 Above Grade
  • Third Bedroom Area: 80.000000
  • Above Grade Finished Sq Ft: 1228.00
  • ApplianceConvey: Microwave, Range-Elec, Refrigerator
  • Has Attic: Scuttle
  • Has Basement: Crawl Space
  • Flooring: Hardwood, Vinyl
  • Year Built Exception: 0
  • Foyer: 1x0 Level:
  • Level 1 Full Bathrooms: 1
  • Interior Amenities: Cable Available, Cable Connections, Ceiling Fan(s), Main Level Bedroom, Plaster, Security System
  • Dining Kitchen: 15x15 Level: Level 1 Above Grade
  • Laundry: Dryer Connection, Main Level, Washer Connections
  • Living Room: 15x15 Level: Level 1 Above Grade
  • Master Bedroom: 15x15 Level: Level 1 Above Grade
  • Other Room 1: 12x8 Level: Level 1 Above Grade
  • Porch: 7x24 Level: Level 1 Above Grade
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 225.000000
  • LivingRoom Area: 225.000000
  • Est Other Room1 Dim: 12.000 x 8.000
  • 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

  • Lot Number: 83
  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Storm Windows, Storm Doors

Garage/Parking

  • Garage Spaces: Other
  • Garage Dim: 0.000 x 0.000

Utilities

  • Air Conditioner: Heat Pump
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors
  • Subdivision Complex: Fairview Heights

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 1228.00
  • Zoning: R-3

Tax Info

  • Estimated Taxes: 592

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2014
Closed on
Sep 23, 2015
Sold by
Deacon Troy W
Bought by
Newman Ryan Lee and Phelps Diane G
Seller's Agent
Nora Murphy
Blickenstaff & Company, Realto
Buyer's Agent
Bonnie Crews
Watts Auction Realty Appra Inc
List Price
$79,900
Sold Price
$55,000
Premium/Discount to List
-$24,900
-31.16%
Current Estimated Value
$115,560

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,560
Avg. Annual Appreciation
7.70%
Original Mortgage
$54,003
Outstanding Balance
$42,401
Interest Rate
3.9%
Mortgage Type
FHA
Estimated Equity
$73,159
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
Newman Ryan Lee $55,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Newman Ryan Lee $54,003
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2015 10/21/15 Sold $55,000 -31.2% $45 / Sq Ft
09/15/2015 09/15/15 Pending -- -- --
10/07/2014 10/07/14 For Sale $79,900 -- $65 / 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
2025 $561 $66,800 $15,000 $51,800
2024 $545 $61,200 $12,000 $49,200
2023 $545 $61,200 $12,000 $49,200
2022 $564 $54,800 $7,500 $47,300
2021 $608 $54,800 $7,500 $47,300
2020 $596 $53,700 $7,500 $46,200
2019 $596 $53,700 $7,500 $46,200
2018 $596 $53,700 $7,500 $46,200
2017 $596 $53,700 $7,500 $46,200
2016 $596 $53,700 $7,500 $46,200
2015 $596 $53,300 $4,000 $49,300
2014 $592 $53,300 $4,000 $49,300
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2015

    Nora Murphy

    Blickenstaff & Company, Realto

  • B

    Buyer's Agent in 2015

    Bonnie Crews

    Watts Auction Realty Appra Inc

See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 288030

APN: 050-23-001

Virginia Lynchburg City County Lynchburg 24501 Fairview Heights

2505 Morson St, Lynchburg, VA

This home is located at 2505 Morson St, Lynchburg, VA 24501 since 07 October 2014 and is currently estimated at $115,560, approximately $94 per square foot. This property was built in 1910. 2505 Morson 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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