NOT LISTED FOR SALE

2703 Loraine St Lynchburg, VA 24504

White Rock Hill Neighborhood

Estimated Value: $54,000 - $235,068

2 Beds
2 Baths
1,512 Sq Ft
$111/Sq Ft Est. Value

Last Sold March 28, 2023

Last sale price $198,000 $131 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $1,026/month

62 Days on Market

Highlights

  • River Nearby
  • Formal Dining Room
  • Bungalow
  • Wood Flooring
  • Laundry Room
  • Fireplace in Basement

About This Home

As of March 2023

Awesome Short or Mid-Term Rental Opportunity. You can live in one unit and rent out the other to offset your cost. The home has been meticulously remodeled. ew siding,N new windows, detached garage/shed, off-street parking. Tiled floors and showers in the bathrooms with solid surface counters. New kitchen cabinets, butcher block counter tops, new stainless-steel appliances, kitchenette in lower level, shared laundry. Fresh paint, refinished wood floors, luxury vinyl plank, new light fixtures and fans. New HVAC and mini split in the lower level. Fireplace in lower mother-in-law suite. Lovely front porch as well as a back porch with a greenstone patio. Check out the video tour. Ask us or your realtor to explain the investment opportunity. The property is also participating in the Tax Rehab Program.

Last Agent to Sell the Property

Jimmy Rufus

eXp Realty LLC-Stafford License #0225183489 Listed on: 12/28/2022

eXp Realty LLC-Stafford

Last Buyer's Agent

TAMMY M KNIGHT

NextHome TwoFourFive License #0225183582

NextHome TwoFourFive

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $260

Year Built

  • Built in 1942

Lot Details

  • 7,362 Sq Ft Lot
  • Property is zoned R-3

Home Design

  • Bungalow
  • Metal Roof

Interior Spaces

  • 1,512 Sq Ft Home
  • 1-Story Property
  • Formal Dining Room
  • Attic Access Panel

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Bathtub Includes Tile Surround

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Fireplace in Basement
  • Apartment Living Space in Basement
  • Laundry in Basement

Outdoor Features

  • River Nearby

Schools

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

Utilities

  • Heat Pump System
  • Mini Split Heat Pump
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 04716002

Home Details

Home Type

Single Family

Est. Annual Taxes

$260

Year Built

Built in 1942

Lot Details

0

Listing Details

  • FILLACRES: 0.1690
  • BuildingOnProperty: Other
  • Directions: Poplar to Loraine GPS and Map Apps work great as well.
  • ElementarySchool7: WM Bass Elem
  • HighSchool7: Heritage High
  • Internet Providers: Comcast/Xfinity, GLO Fiber
  • Lot Measurement: Acres
  • Lot Sq Ft: 7362.00
  • MiddleSchool7: Sandusky Midl
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 04716002
  • Year Built: 1942
  • FullBathBelowGrade: 1
  • Heating System: Heat Pump, Mini-Split
  • Building Stories: One
  • Dwelling Styles: Bungalow
  • Laundryroom Dim: 12.000 x 9.000
  • Laundryroom Len: 12.000
  • Living Room Dim: 15.000 x 12.000
  • Livingroom Len: 15.000
  • Livingroom Wid: 12.000
  • Masterbedroom Area: 120.000000
  • Master Bedroom Dim: 12.000 x 10.000
  • Masterbedroom Len: 12.000
  • Masterbedroom Wid: 10.000
  • Office Dim: 0.000 x 0.000
  • Other Room1 Area: 130.000000
  • Other Room1 Len: 13.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 2.00
  • Bathrooms Display: 2 (2 0)
  • Lower Floor 1 Bedrooms: 2
  • Broker Approved: Yes
  • Legal Description: WINFREE ADD, BLK 17
  • Reciprocal Listing: No
  • Second Bedroom: 12x12 Level: Level 1 Above Grade
  • Second Bedroom Area: 144.000000
  • Third Bedroom: 12x10 Level: Below Grade
  • Third Bedroom Area: 120.000000
  • Above Grade Finished Sq Ft: 1008.00
  • ApplianceConvey: Dishwasher, Dryer, Range-Elec, Refrigerator, Washer
  • Has Attic: Access
  • Has Basement: Apartment, Exterior Entrance, Finished, Fireplace, Full, Heated, Interior Entrance
  • Flooring: Carpet, Hardwood, Tile, Vinyl Plank, Wood
  • Year Built Exception: 0
  • Fireplace: 1 Fireplace
  • Formal Dining: 12x12 Level:
  • Level 1 Full Bathrooms: 1
  • Interior Amenities: Apartment, Cable Available, High Speed Data Aval, Main Level Bedroom, Separate Dining Room, Tile Bath(s)
  • Dining Kitchen: 13x12 Level: Level 1 Above Grade
  • Laundry: Basement, Laundry Room
  • Laundry Room: 12x9 Level: Level 1 Above Grade
  • Living Room: 15x12 Level: Level 1 Above Grade
  • Master Bedroom: 12x10 Level: Level 1 Above Grade
  • Other Room 1: 13x10 Level: Below Grade
  • Porch: 21x6 Level: Level 1 Above Grade
  • Additional Room 1 Description: basement kitchenette
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 156.000000
  • Laundry Room Area: 108.000000
  • LivingRoom Area: 180.000000
  • Est Other Room1 Dim: 13.000 x 10.000
  • 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: Metal
  • New Construction: Completed
  • Exterior Features: River Nearby, Insulated Glass
  • Patio: 20x15 Level: Level 1 Above Grade

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Utility Electric: AEP/Appalachian Powr
  • Air Conditioner: Heat Pump
  • 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: 1512.00
  • Zoning: R-3

Tax Info

  • Estimated Taxes: 260

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 28, 2022
Closed on
Mar 20, 2023
Sold by
Dry Bones Holdings Llc
Bought by
Welsh Brooklyn D and Welsh Angela Caitlin
Seller's Agent
Jimmy Rufus
eXp Realty LLC-Stafford
Buyer's Agent
TAMMY M KNIGHT
NextHome TwoFourFive
List Price
$197,900
Sold Price
$198,000
Premium/Discount to List
$100
0.05%
Views
354
Current Estimated Value
$167,767

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,233
Avg. Annual Appreciation
-5.86%
Original Mortgage
$192,060
Outstanding Balance
$187,473
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
-$16,504

Purchase Details

Closed on
Oct 25, 2021
Sold by
Hp Reinvest Llc
Bought by
Dry Bones Holdings Llc

Purchase Details

Closed on
Mar 28, 2021
Sold by
Hartley Brett W
Bought by
Hp Reinvest Llc

Purchase Details

Closed on
Apr 26, 2011
Sold by
Calloway Mazie F
Bought by
Bank Of The James

Purchase Details

Closed on
Jan 13, 2009
Sold by
Calloway Mazie F and Calloway George
Bought by
Calloway Mazie F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,952
Interest Rate
5.2%
Mortgage Type
Purchase Money Mortgage
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
Welsh Brooklyn D $198,000 Chicago Title
Dry Bones Holdings Llc -- None Available
Hp Reinvest Llc $15,000 Fidelity National Title
Bank Of The James $42,000 None Available
Calloway Mazie F -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Welsh Brooklyn D $192,060
Previous Owner Dry Bones Holdings Llc $75,000
Previous Owner Calloway Mazie F $47,952
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2023 03/28/23 Sold $198,000 +0.1% $131 / Sq Ft
02/28/2023 02/28/23 Pending -- -- --
12/28/2022 12/28/22 For Sale $197,900 -- $131 / 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 $1,356 $152,400 $8,300 $144,100
2023 $231 $152,400 $8,300 $144,100
2022 $241 $23,400 $5,800 $17,600
2021 $657 $59,200 $5,800 $53,400
2020 $629 $56,700 $3,800 $52,900
2019 $629 $56,700 $3,800 $52,900
2018 $629 $56,700 $3,800 $52,900
2017 $629 $56,700 $3,800 $52,900
2016 $629 $56,700 $3,800 $52,900
2015 $629 $56,700 $3,800 $52,900
2014 $629 $56,700 $3,800 $52,900
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jimmy Rufus

    eXp Realty LLC-Stafford

    (434) 385-5301

    1 in this area

    222 Total Sales

    Jimmy Rufus
    Section Image

  • T

    Buyer's Agent in 2023

    TAMMY M KNIGHT

    NextHome TwoFourFive

    (434) 382-1828

    1 in this area

    77 Total Sales

    TAMMY M KNIGHT
    Section Image
See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 341835

APN: 047-16-002

Virginia Lynchburg City County Lynchburg 24501 White Rock Hill

2703 Loraine St, Lynchburg, VA

This home is located at 2703 Loraine St, Lynchburg, VA 24504 since 28 December 2022 and is currently estimated at $167,767, approximately $110 per square foot. This property was built in 1942. 2703 Loraine 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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