NOT LISTED FOR SALE

308 Wadsworth St Lynchburg, VA 24501

Miller Park Neighborhood

Estimated Value: $130,000 - $197,000

-- Bed
2 Baths
1,848 Sq Ft
$85/Sq Ft Est. Value

Last Sold June 10, 2024

Last sale price $127,700 $69 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $920/month

45 Days on Market

Highlights

  • Wood Flooring
  • Baseboard Heating
  • 2-minute walk to Lynchburg Parks and Recreation
  • Paneling

About This Home

As of June 2024

Conveniently Located Investment Property!! Both upstairs and downstairs have undergone some recent updates/renovations. Current tenant has been renting for years and desires to stay. Don't let this lucrative opportunity pass you by!

Last Agent to Sell the Property

Jared Anderson

BHHS Dawson Ford Garbee-Forest License #0225257979 Listed on: 03/27/2024

BHHS Dawson Ford Garbee-Forest

Last Buyer's Agent

Victoria Bartholomew

John Stewart Walker, Inc License #0225211862

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $865

Year Built

  • Built in 1911

Lot Details

  • 5,184 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Plaster Walls

Interior Spaces

  • 1,848 Sq Ft Home
  • Paneling

Flooring

  • Wood
  • Carpet

Schools

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

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 01106020

Community Details

Overview

  • Miller Park Subdivision

Building Details

  • 1 Separate Water Meter
  • Net Lease
  • New Taxes Expense $216
  • Gross Income $15,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$865

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Directions: Fort Ave to Wadsworth St -OR- Memorial Ave to Wadsworth St.
  • Days On Market: No
  • Prop. Type: Multi-Family
  • Year Built: 1911
  • Garage Yn: No
  • Taxes Expense: 216.25
  • Property Sub-Type: Multi-Family
  • Total Gross Income: 15600.00
  • Subdivision Name: Miller Park
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Reciprocal Listing: No
  • Flooring: Carpet, Wood Floors
  • Walls: Drywall, Paneling, Plaster

Garage/Parking

  • Parking Features: On-Street

Utilities

  • Cooling: Window Unit(s)
  • Sewer: City
  • Water Heater: Electric
  • Heating: Electric Baseboard
  • 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

  • Zoning: R-3
  • Acres: 0.1190
  • Lot Size Sq Ft: 5184.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 01106020
  • ResoLotSizeUnits: Acres

Rental Info

  • Sub Lease: No
  • Types Of Leases: 6 Month Lease
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.001-05:00

Tax Info

  • Estimated Taxes: 865

Multi Family

  • Number Of Units Total: 2
  • Existing Lease Type: Net
  • Number Of Separate Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2024
Closed on
Jun 7, 2024
Sold by
Brodf Llc
Bought by
Walsh Mary S and Walsh George
Seller's Agent
Jared Anderson
BHHS Dawson Ford Garbee-Forest
Buyer's Agent
Victoria Bartholomew
John Stewart Walker, Inc
List Price
$144,900
Sold Price
$127,700
Premium/Discount to List
-$17,200
-11.87%
Views
125
Current Estimated Value
$157,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,545
Avg. Annual Appreciation
16.15%
Original Mortgage
$130,000
Outstanding Balance
$128,388
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$28,857

Purchase Details

Listed on
Feb 4, 2020
Closed on
Mar 6, 2020
Sold by
Watts Walter Leon
Bought by
Brodf Llc
Seller's Agent
Kari Carlile
NextHome TwoFourFive
Buyer's Agent
Allen Addair
eXp Realty LLC-Lynchburg
List Price
$79,900
Sold Price
$77,000
Premium/Discount to List
-$2,900
-3.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.58%
Original Mortgage
$61,600
Interest Rate
3.6%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 4, 2019
Sold by
Watts Walter Leon and Watts Rebecca Anne
Bought by
Watts Walter Leon

Purchase Details

Closed on
Apr 22, 2005
Sold by
Ullmann Properties Llc
Bought by
Watts Walter L and Watts Rebecca A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$48,888
Interest Rate
5.94%
Mortgage Type
New Conventional
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
Walsh Mary S $127,700 Chicago Title
Brodf Llc $77,000 Old Republic National Title
Watts Walter Leon -- None Available
Watts Walter L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walsh Mary S $130,000
Previous Owner Brodf Llc $61,600
Previous Owner Watts Walter L $48,888
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/10/2024 06/10/24 Sold $127,700 -8.1% $69 / Sq Ft
05/12/2024 05/12/24 Pending -- -- --
04/23/2024 04/23/24 Price Changed $138,900 -4.1% $75 / Sq Ft
03/27/2024 03/27/24 For Sale $144,900 +88.2% $78 / Sq Ft
03/06/2020 03/06/20 Sold $77,000 -3.6% $42 / Sq Ft View Prior Sale
02/09/2020 02/09/20 Pending -- -- --
02/04/2020 02/04/20 For Sale $79,900 -- $43 / 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 $1,160 $138,100 $18,000 $120,100
2024 $1,094 $122,900 $12,000 $110,900
2023 $802 $90,100 $12,000 $78,100
2022 $818 $79,400 $4,000 $75,400
2021 $881 $79,400 $4,000 $75,400
2020 $842 $66,600 $4,000 $62,600
2019 $739 $66,600 $4,000 $62,600
2018 $739 $66,600 $4,000 $62,600
2017 $739 $66,600 $4,000 $62,600
2016 $739 $66,600 $4,000 $62,600
2015 $739 $66,600 $4,000 $62,600
2014 $739 $66,600 $4,000 $62,600
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jared Anderson

    BHHS Dawson Ford Garbee-Forest

    (434) 444-3107

    2 in this area

    27 Total Sales

    Jared Anderson
    Section Image

  • V

    Buyer's Agent in 2024

    Victoria Bartholomew

    John Stewart Walker, Inc

    (434) 942-4274

    4 in this area

    134 Total Sales

    Victoria Bartholomew
    Section Image

  • K

    Seller's Agent in 2020

    Kari Carlile

    NextHome TwoFourFive

    (434) 221-5393

    1 in this area

    81 Total Sales

    Kari Carlile
    Section Image
  • Allen Addair

    Buyer's Agent in 2020

    Allen Addair

    eXp Realty LLC-Lynchburg

    (434) 907-6171

    1 in this area

    210 Total Sales

    Allen Addair
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 351301

APN: 011-06-020

Virginia Lynchburg City County Lynchburg 24501 Miller Park

308 Wadsworth St, Lynchburg, VA

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