NOT LISTED FOR SALE

2980 Waterlick Rd Lynchburg, VA 24502

Timberlake Neighborhood

Estimated Value: $295,000 - $544,703

3 Beds
3 Baths
4,626 Sq Ft
$79/Sq Ft Est. Value

Last Sold March 11, 2024

Last sale price $530,000 $115 Per Sq Ft

Est. 31% decrease in value since last sale

Current estimated payment $2,071/month

239 Days on Market

Highlights

  • 2.16 Acre Lot
  • Guest Parking
  • Central Air
  • Paneling

About This Home

As of March 2024

2.146 Acres total SW corner of Waterlick and Crozier. 2938 vacant, with potential for 3rd apartment in basement. 2980 occupied, 30 day notice has been given. Extensive parking, 2938 formerly used as office. Multiple opportunities, home office allowed by right, owner occupancy with inlaw suite, hold for commercial investment. Approximate site dimensions 350' on Waterlick 280' on Crozier. Bring offers. Potential for short term owner financing to qualified purchaser with cash down.

Last Agent to Sell the Property

Kristy Milton

NKM Appraisal Management Inc License #0225121186 Listed on: 06/26/2023

Last Buyer's Agent

Eunice Cai

Century 21 ALL-SERVICE-FOR License #0225257843

Century 21 ALL-SERVICE-FOR

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,228

Year Built

  • Built in 1960

Lot Details

  • 2.16 Acre Lot

Home Design

  • Plaster Walls

Interior Spaces

  • 4,626 Sq Ft Home
  • Paneling

Parking

  • Paved Parking
  • Guest Parking
  • Off-Street Parking

Schools

  • Leesville Road Elementary School
  • Brookville Midl Middle School
  • Brookville High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Community Details

  • Net Lease
  • New Taxes Expense $2,228

Listing and Financial Details

  • The owner pays for water
  • Assessor Parcel Number 21A22

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,228

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Directions: Timberlake Road, go South on Waterlick to property on right, or Leesville Road, go north on Waterlick to property on left.
  • Days On Market: No
  • Prop. Type: Multi-Family
  • Year Built: 1960
  • Garage Yn: No
  • Taxes Expense: 2228.00
  • Property Sub-Type: Multi-Family
  • Unit Info Number Unfurnished Units: 4
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Reciprocal Listing: No
  • Walls: Drywall, Paneling, Plaster

Garage/Parking

  • Parking Features: Guest Parking, Off Street Parking, Paved Drive

Utilities

  • Utility Electric: American Electric
  • Cooling: Central Electric
  • Sewer: Septic Tank
  • Water Heater: Electric
  • Heating: Heat Pump
  • Water Source: County

Schools

  • Elementary School: Leesville Road Elem
  • High School: Brookville High
  • Middle School: Brookville Midl
  • Junior High Dist: Campbell

Lot Info

  • Zoning: R-MF
  • Acres: 2.1600
  • Lot Size Sq Ft: 94090.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 21A22
  • ResoLotSizeUnits: Acres

Rental Info

  • Sub Lease: No
  • Owner Pays: Water
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.001-05:00

Tax Info

  • Estimated Taxes: 2228

Multi Family

  • Number Of Units Total: 4
  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2023
Closed on
Mar 7, 2024
Sold by
Vivian Griffin Trust
Bought by
Sf Family Joy Llc
Seller's Agent
Kristy Milton
NKM Appraisal Management Inc
Buyer's Agent
Eunice Cai
Century 21 ALL-SERVICE-FOR
List Price
$629,000
Sold Price
$530,000
Premium/Discount to List
-$99,000
-15.74%
Views
282
Current Estimated Value
$366,426

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$163,574
Avg. Annual Appreciation
-22.82%

Purchase Details

Closed on
Feb 27, 2021
Sold by
Griffin Vivian
Bought by
Griffin Vivian and The Vivian Griffin Trust
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Sf Family Joy Llc $530,000 Old Republic National Title
Griffin Vivian -- None Available
Griffin Vivian -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2024 03/11/24 Sold $530,000 -11.5% $115 / Sq Ft
02/19/2024 02/19/24 Pending -- -- --
09/28/2023 09/28/23 Price Changed $599,000 -4.8% $129 / Sq Ft
06/25/2023 06/25/23 For Sale $629,000 -- $136 / 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
2025 $947 $210,500 $40,000 $170,500
2024 $947 $210,500 $40,000 $170,500
2023 $747 $210,500 $40,000 $170,500
2022 $755 $145,100 $28,000 $117,100
2021 $755 $145,100 $28,000 $117,100
2020 $755 $131,800 $25,000 $106,800
2019 $755 $145,100 $28,000 $117,100
2018 $685 $131,800 $25,000 $106,800
2017 $685 $131,800 $25,000 $106,800
2016 $685 $131,800 $25,000 $106,800
2015 -- $131,800 $25,000 $106,800
2014 -- $127,000 $25,000 $102,000
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2024

    Kristy Milton

    NKM Appraisal Management Inc

    Section Image

  • E

    Buyer's Agent in 2024

    Eunice Cai

    Century 21 ALL-SERVICE-FOR

    (434) 851-2544

    3 in this area

    21 Total Sales

    Eunice Cai
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 344872

APN: 0210-0A000-020-0

Virginia Campbell County Lynchburg 24502 Timberlake

2980 Waterlick Rd, Lynchburg, VA

This home is located at 2980 Waterlick Rd, Lynchburg, VA 24502 since 26 June 2023 and is currently estimated at $366,426, approximately $79 per square foot. This property was built in 1960. 2980 Waterlick Rd is a home located in Campbell County with nearby schools including Leesville Road Elementary School, Brookville Middle School, and Brookville 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.

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