NOT LISTED FOR SALE

313 Laxton Rd Lynchburg, VA 24502

Timberlake Neighborhood
-- Bed
-- Bath
14,008 Sq Ft
1.76 Acres

Last Sold February 05, 2024

Last sale price $950,000 $68 Per Sq Ft

101 Days on Market

Highlights

  • 1.76 Acre Lot
  • Carpet
  • 4-minute walk to Kids Cove
  • Paneling

About This Home

As of February 2024

17 Unit Investment Property across from Brookville Schools. $12,000 per month rents with low monthly expenses. These units stay rented. The property consists of 5 buildings on 4 lots and the price is less than $86 per finished square foot.

Last Agent to Sell the Property

Tommy DeWitt

DeWitt Real Estate & Auctions License #0225033016 Listed on: 09/05/2023

Last Buyer's Agent

Carl Jackson

Cornerstone Realty Group Inc. License #0225258373

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,900

Year Built

  • Built in 1973

Lot Details

  • 1.76 Acre Lot

Interior Spaces

  • 14,008 Sq Ft Home
  • Paneling

Flooring

  • Carpet
  • Vinyl

Parking

  • Parking Lot
  • Off-Street Parking

Schools

  • Tomahawk Elementary School
  • Brookville Midl Middle School
  • Brookville High School

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Community Details

Overview

  • 17 Units

Building Details

  • Electric Expense $30
  • Water Sewer Expense $310
  • New Taxes Expense $370
  • Gross Income $145,620

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,900

Year Built

Built in 1973

Lot Details

0

Listing Details

  • FILLACRES: 1.7600
  • Directions: Across from Brookville Middle School.
  • ElementarySchool4: Tomahawk Elem
  • HighSchool4: Brookville High
  • Internet Providers: Shentel, Verizon
  • Lot Measurement: Acres
  • Lot Sq Ft: 76666.00
  • MiddleSchool4: Brookville Midl
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • Year Built: 1973
  • Heating System: Heat Pump
  • Unit Info Number Unfurnished Units: 17
  • Taxes Expense: 370.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: BROOKVILLE
  • Reciprocal Listing: No
  • Street Number Modifier: 371
  • Flooring: Carpet, Vinyl
  • Year Built Exception: 0
  • Walls: Drywall, Paneling

Garage/Parking

  • Parking: Off Street Parking, Parking Lot, Paved Drive

Utilities

  • Utility Electric: American Electric
  • Cooling: Heat Pump
  • Sewer: Septic Tank
  • Hot Water: County
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Campbell
  • School District: Campbell

Lot Info

  • Lot Sq Ft: 14008.00
  • Zoning: B-LC

Tax Info

  • Estimated Taxes: 4900

Multi Family

  • Annual Gross Income: 145620.00
  • Electric Expense: 30.00
  • Total Number Units: 17
  • Water Expense: 310.00

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2024 02/05/24 Sold $950,000 -20.5% $68 / Sq Ft
12/15/2023 12/15/23 Pending -- -- --
12/14/2023 12/14/23 For Sale $1,195,000 0.0% $85 / Sq Ft
11/24/2023 11/24/23 Pending -- -- --
09/05/2023 09/05/23 For Sale $1,195,000 -- $85 / Sq Ft
Source: Lynchburg Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2024

    Tommy DeWitt

    DeWitt Real Estate & Auctions

    Section Image

  • C

    Buyer's Agent in 2024

    Carl Jackson

    Cornerstone Realty Group Inc.

    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 348017

APN: 012F-0A000-001-A

Virginia Campbell County Lynchburg 24502 Timberlake

313 Laxton Rd, Lynchburg, VA

This home is located at 313 Laxton Rd, Lynchburg, VA 24502 since 05 September 2023. This property was built in 1973. 313 Laxton Rd is a home located in Campbell County with nearby schools including Tomahawk Elementary School, Brookville Middle School, and Brookville High School.

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