$190,000
SOLD DEC 19, 2022

2770 W Lynchburg Salem Turnpike Bedford, VA 24523

2 Beds
3 Baths
4,080 Sq Ft
1.03 Acres

Recently Sold

$47 Per Sq Ft

12% Below List Price

40 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • Detached Carport Space

About This Home

As of December 2022

Property is a single family residence in a ''grandfathered'' commercial area. Property was used as a business in the past and per county still could be used as a business. Property has 2 bedrooms, one bath living area with walk in, out access at the back of the property and a large area that could be used as a commercial area facing the road with a parking lot. For more information and to make an offer please visit HomePath.com

Last Agent to Sell the Property

Gregg Ayers

PRIME REAL ESTATE SERVICES INC License #0225064347 Listed on: 10/27/2022

Last Buyer's Agent

Hope Metzger

MAGNOLIA MOUNTAIN REALTY - MAIN License #0225213780

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,149

Year Built

  • Built in 1950

Interior Spaces

  • 1-Story Property

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 1 Parking Space
  • Detached Carport Space

Schools

  • Bedford Elementary School
  • Liberty Middle School
  • Liberty High School

Additional Features

  • 1.03 Acre Lot
  • Heat Pump System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • REO, home is currently bank or lender owned

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,149

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Heating System: Heat Pump Electric
  • Type: A
  • Property Subtype 1: Single Family Residence
  • Has Basement: Walkout - Full
  • Cooling System: Heat Pump Electric
  • BedroomsBREntryLevel: 2
  • CondoAssocYN: No
  • EntryAboveGrdFin Sq Ft: 1320.00
  • FullBathsFullBathsEntryLvl: 1
  • Grand Total Attached S Q F T: 4080
  • HalfBathsHalfBathsLowerLvl: 2
  • LowerBelowGrdFin Sq Ft: 2760.00
  • Major Area: 06 - Bedford County
  • NumberPrimCovSpaces: 1.00
  • Hoa2 Or Poa: No
  • PrimCoveredPrking: Carport Detached
  • RatifiedContractDt: 2022-12-06
  • REOProperties: REO
  • Residential Type: Detached
  • Style Of House: 1 Story
  • SubagentAuthorized: No
  • Total Above Grd Fin S Q F T: 1320
  • TotalBdrm: 2
  • TotalBths: 1.20
  • TotalCovdPrkSpc: 1.00
  • TotalFBaths: 1
  • Total Finished Sq Ft: 4080.00
  • TotalHBaths: 2
  • Water Class: N/A
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement YN: Yes

Utilities

  • Sewer Description: Private Septic
  • Water Description: Private Well

Schools

  • Elementary School: Bedford
  • Middle School: Liberty Middle
  • High School: Liberty High

Lot Info

  • Property Group Id: 19990816212109142258000000
  • Total Acreage: 1.03

Building Info

  • Year Built: 1950

Tax Info

  • Taxes (6 mo): 1149.00
  • FILLTAXID: 108 A 61A

MLS Schools

  • Elementary School: Bedford
  • HighSchool: Liberty High
  • Middle School: Liberty Middle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2022
Closed on
Dec 15, 2022
Sold by
Mae Fannie
Bought by
Wood Treig and Wood Heather
Seller's Agent
Gregg Ayers
PRIME REAL ESTATE SERVICES INC
Buyer's Agent
Hope Metzger
MAGNOLIA MOUNTAIN REALTY - MAIN
List Price
$214,900
Sold Price
$190,000
Premium/Discount to List
-$24,900
-11.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.73%

Purchase Details

Closed on
Sep 13, 2021
Sold by
Equity Trustees Llc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Mar 12, 2007
Sold by
Hess Randal O and Hess Julie O
Bought by
Hollar Joyce M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$299,000
Interest Rate
7.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 6, 2005
Sold by
Genes Antiqoes & Production Llc
Bought by
Hess Randal O and Hess Julie O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.72%
Mortgage Type
Credit Line Revolving
Source: Public Records

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Range of Values:

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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
Special Warranty Deed $190,000 Wfg National Title
Trustee Deed $249,300 None Available
Deed -- None Available
Deed $210,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $278,200 Stand Alone Refi Refinance Of Original Loan
Previous Owner $299,000 New Conventional
Previous Owner $220,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2025 07/17/25 For Sale $365,000 +92.1% $89 / Sq Ft
12/19/2022 12/19/22 Sold $190,000 -11.6% $47 / Sq Ft
12/06/2022 12/06/22 Pending -- -- --
10/27/2022 10/27/22 For Sale $214,900 -- $53 / Sq Ft
Source: Roanoke Valley 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 $939 $229,100 $60,000 $169,100
2023 $939 $114,550 $0 $0
2022 $1,149 $114,900 $0 $0
2021 $1,149 $229,800 $60,000 $169,800
2020 $1,149 $229,800 $60,000 $169,800
2019 $1,149 $229,800 $60,000 $169,800
2018 $1,195 $229,800 $60,000 $169,800
2017 $1,195 $229,800 $60,000 $169,800
2016 $1,195 $229,800 $60,000 $169,800
2015 $1,195 $229,800 $60,000 $169,800
2014 $1,195 $229,800 $60,000 $169,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 894003

Roanoke Valley Association of REALTORS®

APN: 108-A-61A