$75,000
SOLD SEP 26, 2024

2705 Loraine St Lynchburg, VA 24504

White Rock Hill Neighborhood
2 Beds
1 Bath
945 Sq Ft
6,721 Sq Ft Lot

Recently Sold

$79 Per Sq Ft

6% Below List Price

6 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Garden
  • Separate Outdoor Workshop
  • Bungalow
  • Landscaped

About This Home

As of September 2024

This 2BR/1BA home located on dead end street, with everything all on one level has been a long term rental property, zoned R-3 with an additional huge 945 SF detached garage that is included, currently being used for storage, but offers endless opportunities. Perfect investment property for both a new or seasoned investor. The home offers a large wraparound porch perfect, deck on back, off-street parking concrete driveway, & much more. Close to the river front, restaurants, shopping, grocery stores, & much more! Make this your next investment property with even more potential, this could be a win-win for you!

Last Agent to Sell the Property

Mike Osei

Long & Foster-Forest License #0225209432 Listed on: 08/21/2024

Long & Foster-Forest

Last Buyer's Agent

Mike Osei

Long & Foster-Forest License #0225209432 Listed on: 08/21/2024

Long & Foster-Forest

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $467

Year Built

  • Built in 1920

Lot Details

  • 6,721 Sq Ft Lot
  • Landscaped
  • Garden
  • Property is zoned R-3

Home Design

  • Bungalow
  • Shingle Roof

Interior Spaces

  • 1 Full Bathroom
  • 945 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Exterior Basement Entry
  • Electric Range

Flooring

  • Wood
  • Carpet
  • Vinyl

Laundry

  • Laundry Room
  • Laundry on main level
  • Washer and Dryer Hookup

Attic

  • Attic Access Panel
  • Scuttle Attic Hole

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Parking

  • 1 Car Detached Garage
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Separate Outdoor Workshop

Schools

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

Utilities

  • Heat Pump System
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 04716003

Home Details

Home Type

Single Family

Est. Annual Taxes

$467

Year Built

Built in 1920

Lot Details

0

Listing Details

  • BuildingOnProperty: Workshop
  • Directions: US Bus 29N to Main St (exit 1B). Then turn right onto Main St, then right onto Buena Vista St, to left on Poplar St, then right on Loraine St to home on right.
  • Internet Providers: Comcast/Xfinity
  • Days On Market: No
  • Prop. Type: Residential
  • Year Built: 1920
  • Detached Garage: 1 Car
  • Garage Yn: Yes
  • Property Sub-Type: Single Family Residence
  • Above Grade Finished Sq Ft: 945.00
  • Architectural Style: Bungalow
  • Laundryroom Dim: 9.000 x 8.000
  • Office Dim: 0.000 x 0.000
  • Laundryroom Len: 9.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 1.00
  • Bathrooms Display: 1 (1 0)
  • Broker Approved: Yes
  • Reciprocal Listing: No
  • Has Attic: Access, Scuttle
  • Has Basement: Exterior Entrance
  • Flooring: Carpet, Vinyl, Wood
  • Deck: 12x8 Level: Level 1 Above Grade
  • Formal Dining: 11x11 Level: Level 1 Above Grade
  • Level 1 Full Bathrooms: 1
  • Interior Amenities: Cable Available, Ceiling Fan(s), Drywall, High Speed Data Aval, Main Level Bedroom, Pantry, Smoke Alarm
  • Dining Kitchen: 12x9 Level: Level 1 Above Grade
  • Laundry: Dryer Connection, Laundry Room, Main Level, Separate Laundry Rm., Washer Connections
  • Laundry Room: 9x8 Level: Level 1 Above Grade
  • Living Room: 15x12 Level: Level 1 Above Grade
  • Master Bedroom: 12x11 Level: Level 1 Above Grade
  • Porch: 25x21 Level: Level 1 Above Grade
  • Appliances: Range-Elec, Refrigerator
  • Stories: One
  • Second Bedroom: 11x11 Level: Level 1 Above Grade
  • Room Master Bedroom Area: 132.000000
  • Room Kitchen Area: 108.000000
  • Room Living Room Area: 180.000000
  • Room Bedroom2 Area: 121.000000
  • MasterBedroomDimensions Dim: 12.000 x 11.000
  • Kitchen Dim: 12.000 x 9.000
  • Sunroom Dim: 0.000 x 0.000
  • Master Bedroom Master Bedroom Width: 11.000

Exterior Features

  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Deck, Off-Street Parking, Porch, Front Porch, Concrete Drive, Garden Space, Landscaped, Storm Doors, Insulated Glass

Garage/Parking

  • Garage Area: 882.000000
  • Garage Dim: 42.000 x 21.000
  • GarageLen: 42.000
  • GarageWid: 21.000
  • Garage Description: Workshop, Oversized

Utilities

  • Utility Electric: AEP/Appalachian Powr
  • Cooling: Heat Pump
  • Sewer: City
  • Water Heater: Gas
  • Heating: Heat Pump
  • Water Source: City

Schools

  • Elementary School: WM Bass Elem
  • High School: Heritage High
  • Middle School: Sandusky Midl
  • Junior High Dist: Lynchburg

Lot Info

  • Zoning: R-3
  • Acres: 0.1543
  • Lot Size Sq Ft: 6721.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 04716003
  • ResoLotSizeUnits: Acres

Rental Info

  • Sub Lease: No
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00

Tax Info

  • Estimated Taxes: 467

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2024
Closed on
Sep 23, 2024
Sold by
Pawar Abhay
Bought by
Williams Glenda G
Seller's Agent
Mike Osei
Long & Foster-Forest
Buyer's Agent
Mike Osei
Long & Foster-Forest
List Price
$79,500
Sold Price
$75,000
Premium/Discount to List
-$4,500
-5.66%
Views
27
Current Estimated Value
$84,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,777
Avg. Annual Appreciation
8.48%
Original Mortgage
$3,750
Outstanding Balance
$3,048
Interest Rate
6.49%
Mortgage Type
New Conventional
Estimated Equity
$77,063

Purchase Details

Listed on
Oct 13, 2023
Closed on
Nov 7, 2023
Sold by
Ursa Properties Llc
Bought by
Pawar Abhay
Seller's Agent
Liz Pino
eXp Realty LLC-Fredericksburg
Buyer's Agent
Mike Osei
Long & Foster-Forest
List Price
$42,500
Sold Price
$42,500
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
90.68%
Original Mortgage
$29,750
Interest Rate
7.31%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2021
Sold by
Forest Views Llc
Bought by
Ursa Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2018
Sold by
Dunn Larry W and Dunn Darlene J
Bought by
Forest Views Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,250
Interest Rate
4.4%
Mortgage Type
Credit Line Revolving
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $75,000 Sage Title
Deed $42,500 Sage Title
Bargain Sale Deed $130,000 None Available
Deed $85,000 Absolute Title & Settlement
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,750 New Conventional
Open $73,641 FHA
Previous Owner $29,750 New Conventional
Previous Owner $104,000 New Conventional
Previous Owner $72,250 Credit Line Revolving
Previous Owner $152,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2024 09/26/24 Sold $75,000 -5.7% $79 / Sq Ft
08/27/2024 08/27/24 Pending -- -- --
08/21/2024 08/21/24 For Sale $79,500 +87.1% $84 / Sq Ft
11/10/2023 11/10/23 Sold $42,500 0.0% $45 / Sq Ft
10/14/2023 10/14/23 Pending -- -- --
10/13/2023 10/13/23 For Sale $42,500 -- $45 / 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 $466 $52,400 $8,300 $44,100
2023 $380 $52,400 $8,300 $44,100
2022 $476 $46,200 $5,800 $40,400
2021 $513 $46,200 $5,800 $40,400
2020 $472 $42,500 $3,800 $38,700
2019 $472 $42,500 $3,800 $38,700
2018 $472 $42,500 $3,800 $38,700
2017 $472 $42,500 $3,800 $38,700
2016 $472 $42,500 $3,800 $38,700
2015 $472 $42,500 $3,800 $38,700
2014 $472 $42,500 $3,800 $38,700
Source: Public Records

Agents Affiliated with this Home

  • Mike Osei

    Seller's Agent in 2024

    Mike Osei

    Long & Foster-Forest

    (434) 444-6206

    20 in this area

    295 Total Sales

    Mike Osei
    Section Image

  • L

    Seller's Agent in 2023

    Liz Pino

    eXp Realty LLC-Fredericksburg

    Section Image
See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 354218

APN: 047-16-003

Virginia Lynchburg City County Lynchburg 24501 White Rock Hill

2705 Loraine St, Lynchburg, VA

This home is located at 2705 Loraine St, Lynchburg, VA 24504 and is currently priced at $75,000, approximately $79 per square foot. This property was built in 1920. 2705 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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