$42,500
SOLD NOV 10, 2023

2705 Loraine St Lynchburg, VA 24504

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

Recently Sold

$45 Per Sq Ft

1 Day on Market

Highlights

  • Wood Flooring
  • 1-Story Property
  • Forced Air Heating and Cooling System
  • Bungalow

About This Home

As of September 2024

Searching for an affordable investment opportunity just minutes from downtown Lynchburg? Look no further! This charming 2 bed, 1 bath home boasts nearly 950 sqft of living space. Whether you're an owner-occupant or an investor, this property offers a great chance to capitalize on your investment. Please note that all showings require a 72-hour advance notice. Don't miss out - call today to schedule your tour!

Last Agent to Sell the Property

Liz Pino

eXp Realty LLC-Fredericksburg License #0225245487 Listed on: 10/13/2023

eXp Realty LLC-Fredericksburg

Last Buyer's Agent

Mike Osei

Long & Foster-Forest License #0225209432

Long & Foster-Forest

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $504

Year Built

  • Built in 1920

Lot Details

  • 6,721 Sq Ft Lot

Home Design

  • Bungalow
  • Shingle Roof

Interior Spaces

  • 944 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Crawl Space
  • Scuttle Attic Hole
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater

Community Details

  • White Rock Subdivision

Listing and Financial Details

  • Assessor Parcel Number 04716003

Home Details

Home Type

Single Family

Est. Annual Taxes

$504

Year Built

Built in 1920

Lot Details

0

Listing Details

  • FILLACRES: 0.1543
  • Directions: Follow US-29 BUS N to Main St. Take exit 1B from US-29 BUS N. Turn right onto Main St. Turn right onto Florida Ave. Turn left onto Poplar St. Turn right onto Loraine St.
  • ElementarySchool7: WM Bass Elem
  • HighSchool7: Heritage High
  • Lot Measurement: Acres
  • Lot Sq Ft: 6721.00
  • MiddleSchool7: Sandusky Midl
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 04716003
  • Year Built: 1920
  • Heating System: Forced Warm Air-Elec
  • Building Stories: One
  • Dwelling Styles: Bungalow
  • Laundryroom Dim: 0.000 x 0.000
  • Living Room Dim: 0.000 x 0.000
  • Masterbedroom Area: 100.000000
  • Master Bedroom Dim: 10.000 x 10.000
  • Masterbedroom Len: 10.000
  • Masterbedroom Wid: 10.000
  • Office Dim: 0.000 x 0.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 1.00
  • Bathrooms Display: 1 (1 0)
  • Lower Floor 1 Bedrooms: 2
  • Broker Approved: Yes
  • Legal Description: WINFREE ADD, BLK 17
  • Reciprocal Listing: No
  • Second Bedroom: 10x10 Level: Level 1 Above Grade
  • Second Bedroom Area: 100.000000
  • Above Grade Finished Sq Ft: 944.00
  • ApplianceConvey: Other, None
  • Has Attic: Scuttle, Other
  • Has Basement: Crawl Space
  • Flooring: Wood, Other
  • Year Built Exception: 0
  • Level 1 Full Bathrooms: 1
  • Interior Amenities: Main Level Bedroom, Other
  • Laundry: Main Level
  • Master Bedroom: 10x10 Level: Level 1 Above Grade
  • Livinggreat Room Dim: 0.000 x 0.000
  • 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: Paved Drive

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Air Conditioner: Central Electric, Other
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric, Gas

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors
  • Subdivision Complex: White Rock

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 944.00

Tax Info

  • Estimated Taxes: 504

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

Similar Homes in Lynchburg, VA

  • 2530 Poplar St, Lynchburg, VA 24504

    $35,000

    • 4 Beds
    • 2 Baths
    • 2,868 Sq Ft
    • 2530 Poplar St
    • Lynchburg, VA

    Seller will consider owner financing to a qualified buyer with $10,000 down at 8% interest, amortized over 10 years, monthly payments of $303.32. Property is subject to Zoning Violations. Property is unsafe and uninhabitable. The top floor is unsafe to enter. ALL PERSONS MUST SIGN A HOLD HARMLESS AGREEMENT BEFORE ENTERING.

    Gary Foster Gary Foster & Co. Realtors

    Section Image
  • 611 8th St, Lynchburg, VA 24504

    $39,900

    • 4 Beds
    • 2 Baths
    • 2,308 Sq Ft
    • 611 8th St
    • Lynchburg, VA

    Don't miss out on this spacious multifamily home! It's just a short walk to all the downtown restaurants, businesses and amenities. Although needing substantial work and sold as is'', it has charm and offers a great return on your investment. Imagine restoring it to the original glory for your residence or rental income.

    Norman Domingo XRealty.net LLC

    Section Image
  • 1317 Tilden Ave, Lynchburg, VA 24501

    $49,900

    • 3 Beds
    • 1 Bath
    • 1,285 Sq Ft
    • 1317 Tilden Ave
    • Lynchburg, VA

    Attention Investors; 3 bedroom and 1 bath property located in Lynchburg, Va.

    DH Powell Keller Williams

    Section Image
  • 94 Jackson St, Lynchburg, VA 24504

    $55,000

    • 4 Beds
    • 1 Bath
    • 2,031 Sq Ft
    • 94 Jackson St
    • Lynchburg, VA

    Spacious two story home located downtown just off of Federal St. Home features hardwood floors throughout, oversized bedrooms, ceiling fans and a ton of windows. Lots of potential. Call today to schedule a private showing!

    Luther Maddy Elite Realty

    Section Image
  • 1720 Monsview Place, Lynchburg, VA 24504

    $35,000

    • 3 Beds
    • 2 Baths
    • 1,341 Sq Ft
    • 1720 Monsview Place
    • Lynchburg, VA

    Attention Investors! This is a true Investors Property Zoned R3 with the required road frontage needed for a Duplex. This AS IS R3 Zoned property offers flexible potential-Design a DUPLEX or a single-family home. Lot and home have been cleaned and cleared offering a blank slate-this alone is an added value. The yard offers a large level space with OFF STREET PARKING! Located minutes from

    Billie Johnson LPT Realty, Inc

    Section Image
See All Homes in Lynchburg

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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: 348690

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 $42,500, approximately $45 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.

Nearby Homes