$35,000
SOLD MAR 7, 2025

2802 Loraine St Lynchburg, VA 24504

White Rock Hill Neighborhood
2 Beds
1 Bath
987 Sq Ft
0.26 Acres

Recently Sold

$35 Per Sq Ft

36% Below List Price

317 Days on Market

Highlights

  • 0.26 Acre Lot
  • Garden
  • 1-Story Property

About This Home

As of March 2025

Home is ready for final touches to be placed by new investor. Property has been demoed and has options for being either a one or two bedroom home. Home is within minutes of downtown Lynchburg with plenty other neighboring homes having been updated. Past updates include 200 amp panel box, heat pump, vinyl siding, and replacement windows. Schedule your showing today before you miss out on this investment property.

Last Agent to Sell the Property

Schyler Higgins

Cornerstone Realty Group Inc. License #0225225837 Listed on: 04/13/2024

Last Buyer's Agent

Carson Heckman

Keller Williams License #0225266750

Keller Williams

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $530

Year Built

  • Built in 1935

Lot Details

  • 0.26 Acre Lot
  • Garden

Home Design

  • Shingle Roof

Interior Spaces

  • 1 Full Bathroom
  • 987 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Attic Access Panel

Schools

  • Rs Payne Elementary School
  • Pl Dunbar Midl Middle School
  • E. C. Glass High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

  • White Rock Subdivision
  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 04718004

Home Details

Home Type

Single Family

Est. Annual Taxes

$530

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Directions: Winston Ridge Rd to Winchester St, to Loraine St, home is second from end of road on left.
  • Days On Market: No
  • Prop. Type: Residential
  • Year Built: 1935
  • Garage Yn: No
  • Property Sub-Type: Single Family Residence
  • Subdivision Name: White Rock
  • Above Grade Finished Sq Ft: 987.00
  • Architectural Style: Ranch
  • Laundryroom Dim: 0.000 x 0.000
  • 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)
  • Broker Approved: Yes
  • Reciprocal Listing: No
  • Has Attic: Access
  • Has Basement: Crawl Space
  • Breakfast Area: 0x0 Level:
  • Flooring: Other
  • Deck: 0x0 Level:
  • Den: 0x0 Level:
  • Family Room: 0x0 Level:
  • Formal Dining: 0x0 Level:
  • Foyer: 0x0 Level:
  • Level 1 Full Bathrooms: 1
  • Great Room: 0x0 Level:
  • Interior Amenities: Main Level Bedroom
  • Dining Kitchen: 16x11 Level: Level 1 Above Grade
  • Laundry: None
  • Laundry Room: 0x0 Level:
  • Living Room: 12x14 Level: Level 1 Above Grade
  • Master Bedroom: 10x12 Level: Level 1 Above Grade
  • Office: 0x0 Level:
  • Other Room 1: 0x0 Level:
  • Other Room 2: 0x0 Level:
  • Other Room 3: 0x0 Level:
  • Porch: 0x0 Level:
  • Rec Room: 0x0 Level:
  • Screened Porch: 0x0 Level:
  • Sun Room: 0x0 Level:
  • Appliances: None
  • Stories: One
  • Sixth Bedroom: 0x0 Level:
  • Fifth Bedroom: 0x0 Level:
  • Third Bedroom: 0x0 Level:
  • Fourth Bedroom: 0x0 Level:
  • Second Bedroom: 10x12 Level: Level 1 Above Grade
  • Room Master Bedroom Area: 120.000000
  • Room Kitchen Area: 176.000000
  • Room Living Room Area: 168.000000
  • Room Bedroom2 Area: 120.000000
  • MasterBedroomDimensions Dim: 10.000 x 12.000
  • Kitchen Dim: 16.000 x 11.000
  • Sunroom Dim: 0.000 x 0.000
  • Master Bedroom Master Bedroom Width: 12.000

Exterior Features

  • Lot Number: 12-13
  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Garden Space, Insulated Glass
  • Patio: 0x0 Level:

Garage/Parking

  • Carport: 0x0 Level:
  • Garage Dim: 0.000 x 0.000

Utilities

  • Cooling: Heat Pump
  • Sewer: City
  • Water Heater: Electric
  • Heating: Heat Pump
  • Water Source: City

Schools

  • Elementary School: RS Payne Elem
  • High School: E. C. Glass High
  • Middle School: PL Dunbar Midl
  • Junior High Dist: Lynchburg

Lot Info

  • Acres: 0.2597
  • Lot Size Sq Ft: 11313.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 04718004
  • ResoLotSizeUnits: Acres

Rental Info

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

Tax Info

  • Estimated Taxes: 530

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2023
Closed on
Jan 26, 2024
Sold by
434 Properties Llc
Bought by
Forty Seven Viii Llc
Seller's Agent
Schyler Higgins
Cornerstone Realty Group Inc.
Buyer's Agent
Schyler Higgins
Cornerstone Realty Group Inc.
List Price
$70,000
Sold Price
$75,000
Premium/Discount to List
$5,000
7.14%
Views
332
Current Estimated Value
$48,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$26,619
Avg. Annual Appreciation
-24.99%
Original Mortgage
$168,000
Outstanding Balance
$165,521
Interest Rate
6.61%
Mortgage Type
Construction
Estimated Equity
-$116,232

Purchase Details

Closed on
Jan 31, 2022
Sold by
Wooldridge Danny R
Bought by
434 Properties Llc
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
Bargain Sale Deed $75,000 Fidelity National Title
Bargain Sale Deed $25,000 Old Republic National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $168,000 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2025 03/07/25 Sold $35,000 -12.5% $35 / Sq Ft
02/25/2025 02/25/25 Pending -- -- --
01/08/2025 01/08/25 Price Changed $40,000 -27.3% $41 / Sq Ft
04/13/2024 04/13/24 For Sale $55,000 -26.7% $56 / Sq Ft
02/01/2024 02/01/24 Sold $75,000 +25.0% $76 / Sq Ft
01/10/2024 01/10/24 Pending -- -- --
11/08/2023 11/08/23 Price Changed $60,000 -7.7% $61 / Sq Ft
10/26/2023 10/26/23 Price Changed $65,000 -7.1% $66 / Sq Ft
10/10/2023 10/10/23 For Sale $70,000 -- $71 / 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 $430 $48,300 $8,300 $40,000
2023 $430 $48,300 $8,300 $40,000
2022 $362 $35,100 $5,800 $29,300
2021 $390 $35,100 $5,800 $29,300
2020 $359 $32,300 $3,800 $28,500
2019 $359 $32,300 $3,800 $28,500
2018 $0 $32,300 $3,800 $28,500
2017 $359 $32,300 $3,800 $28,500
2016 $359 $32,300 $3,800 $28,500
2015 -- $32,300 $3,800 $28,500
2014 -- $32,300 $3,800 $28,500
Source: Public Records

Agents Affiliated with this Home

  • Schyler Higgins

    Seller's Agent in 2025

    Schyler Higgins

    Cornerstone Realty Group Inc.

    (434) 485-9527

    6 in this area

    447 Total Sales

    Schyler Higgins
    Section Image

  • C

    Buyer's Agent in 2025

    Carson Heckman

    Keller Williams

    1 in this area

    40 Total Sales

    Carson Heckman
    Section Image
See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 351632

APN: 047-18-004

Virginia Lynchburg City County Lynchburg 24501 White Rock Hill

2802 Loraine St, Lynchburg, VA

This home is located at 2802 Loraine St, Lynchburg, VA 24504 and is currently priced at $35,000, approximately $35 per square foot. This property was built in 1935. 2802 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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