NOT LISTED FOR SALE

Estimated Value: $176,372 - $184,000

4 Beds
2 Baths
2,004 Sq Ft
$89/Sq Ft Est. Value

Last Sold March 12, 2012

Last sale price $93,240 $47 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $1,050/month

164 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating System
  • Electric Baseboard Heater
  • Guest Parking

About This Home

As of March 2012

IMMEDIATE INCOME. Owner lives on main level, RENTS 3 rooms to students on 2nd level for a total of $950 per month. Huge potential in this Single Family home that was originally a duplex (easily converted) that offers 2 huge kitchens (all appliances convey), 4 big bedrooms, 2 big living rooms (potential 5th and 6th bedroom, 1 LR has a closet), and 2 full baths, one on each level to start. Home features New Interior/Exterior paint, Newly refinished Hardwoods throughout, new fixtures, new window treatments, 4 new window AC units, Main level laundry, clean dry basement with potential 3rd full bath, fenced yard, New landscaping, tons of off street parking, cinder block storage shed, and more. You won't find a better property in this price range, see for yourself.

Last Agent to Sell the Property

John Tatulli

Mark A. Dalton & Co., Inc. License #0225176088 Listed on: 09/13/2011

Last Buyer's Agent

Lauren Bell

Lauren Bell Real Estate, Inc. License #0225222641

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $820

Year Built

  • Built in 1923

Lot Details

  • 6,098 Sq Ft Lot

Home Design

  • 2,004 Sq Ft Home

Flooring

  • Wood
  • Carpet
  • Vinyl

Parking

  • Unpaved Driveway
  • Guest Parking
  • On-Street Parking
  • Off-Street Parking

Schools

  • Tc Miller Elementary School
  • Pl Dunbar Midl Middle School
  • E. C. Glass High School

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System
  • Electric Baseboard Heater
  • Well
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 01120013

Community Details

Overview

  • 2 Units

Building Details

  • Water Sewer Expense $5
  • New Taxes Expense $820
  • Gross Income $13,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$820

Year Built

Built in 1923

Lot Details

6,098 Sq Ft Lot

Listing Details

  • FILLACRES: 0.1400
  • Directions: Fort Ave. (towards City stadium) to a left on Saint Augustine Street.
  • ElementarySchool7: TC Miller Elem
  • HighSchool7: E. C. Glass High
  • Lot Measurement: Acres
  • Lot Sq Ft: 6098.00
  • MiddleSchool7: PL Dunbar Midl
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 01120013
  • Year Built: 1923
  • Heating System: Electric Baseboard, Forced Warm Air-Gas, Hot Water-Elec
  • Unit Info Number Unfurnished Units: 2
  • Taxes Expense: 820.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: Airfield Terrace, Lot 65
  • Reciprocal Listing: No
  • Flooring: Carpet, Vinyl, Wood Floors
  • Year Built Exception: 0
  • Walls: Drywall

Garage/Parking

  • Parking: Guest Parking, Off Street Parking, On-Street, Unpaved Drive

Utilities

  • Cooling: Window Unit(s)
  • Sewer: City
  • Hot Water: City, Well
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 2004.00
  • Zoning: R3

Rental Info

  • Types Of Leases: Other

Tax Info

  • Estimated Taxes: 820

Multi Family

  • Annual Gross Income: 13200.00
  • Total Number Units: 2
  • Water Expense: 5.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2011
Closed on
Mar 7, 2012
Sold by
Ganzfried Philip Thomas
Bought by
Lenington Jeffrey S and Lenington Lydia M
Seller's Agent
John Tatulli
Mark A. Dalton & Co., Inc.
Buyer's Agent
Lauren Bell
Lauren Bell Real Estate, Inc.
List Price
$89,941
Sold Price
$93,240
Premium/Discount to List
$3,299
3.67%
Current Estimated Value
$178,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,282
Avg. Annual Appreciation
4.74%
Original Mortgage
$90,875
Outstanding Balance
$62,169
Interest Rate
3.86%
Mortgage Type
FHA
Estimated Equity
$116,674

Purchase Details

Closed on
Dec 30, 2010
Sold by
Bowling Mildred H and Bowilng Mildred Lucilee Hudson
Bought by
Ganzfried Philip Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,016
Interest Rate
4.88%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Lenington Jeffrey S $93,240 Old Republic National Title
Ganzfried Philip Thomas $58,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lenington Jeffrey S $90,875
Previous Owner Ganzfried Philip Thomas $57,016
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2012 03/12/12 Sold $93,240 +3.7% $47 / Sq Ft
02/24/2012 02/24/12 Pending -- -- --
09/13/2011 09/13/11 For Sale $89,941 -- $45 / Sq Ft
Source: Lynchburg Association of REALTORS®

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 $1,232 $146,700 $18,000 $128,700
2024 $900 $101,100 $12,000 $89,100
2023 $900 $101,100 $12,000 $89,100
2022 $965 $93,700 $6,000 $87,700
2021 $1,040 $93,700 $6,000 $87,700
2020 $966 $87,000 $6,000 $81,000
2019 $966 $87,000 $6,000 $81,000
2018 $966 $87,000 $6,000 $81,000
2017 $966 $87,000 $6,000 $81,000
2016 $966 $87,000 $6,000 $81,000
2015 $966 $57,600 $6,000 $51,600
2014 $639 $57,600 $6,000 $51,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 268695

APN: 011-20-013

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