NOT LISTED FOR SALE

3307 Memorial Ave Lynchburg, VA 24501

Westend Neighborhood

Estimated Value: $194,000 - $235,530

-- Bed
3 Baths
3,670 Sq Ft
$58/Sq Ft Est. Value

Last Sold November 05, 2013

Last sale price $53,000 $14 Per Sq Ft

Est. 302% increase in value since last sale

Current estimated payment $1,298/month

50 Days on Market

Highlights

  • City View
  • No HOA
  • Storage

About This Home

As of November 2013

This home is located at 3307 Memorial Ave, Lynchburg, VA 24501 since 16 September 2013 and is currently estimated at $213,133, approximately $58 per square foot. This property was built in 1922. 3307 Memorial Ave is a home located in Lynchburg City with nearby schools including Perrymont Elementary School, Paul Laurence Dunbar Mid. for Innov., and E.C. Glass High School.

Last Agent to Sell the Property

Teresa Khanna

T Y REALTY INCORPORATED License #0225053172 Listed on: 09/16/2013

Last Buyer's Agent

Non Member Transaction Agent

Non-Member Transaction Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $900

Year Built

  • Built in 1922

Lot Details

  • 7,405

Parking

  • On-Street Parking

Home Design

  • Duplex

Interior Spaces

  • 3,670 Sq Ft Home
  • Storage
  • City Views
  • Basement

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tenant pays for electricity
  • Legal Lot and Block 7 / 13

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Operating Expense $900
  • Gross Income $9,000
  • Net Operating Income $6,010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$900

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Interior Features: Storage
  • Heating System: Heat Pump Electric
  • Type: Multi-Family
  • Has Basement: Other - See Remarks
  • Cooling System: Heat Pump Electric
  • Views: City
  • Major Area: 19 - City of Lynchburg
  • MiscellaneousInfoPublicTransport: Yes
  • NumberLeasedUnits: 2.00
  • NumberUnfurnished: 2.00
  • Hoa2 Or Poa: No
  • RatifiedContractDt: 2013-11-05
  • TotalAnnualExpen: 900.00
  • Water Class: N/A
  • Water Heater Energy: Electric
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement YN: Yes

Garage/Parking

  • Parking Description: Street

Utilities

  • Sewer Description: Public Sewer
  • Water Description: Public Water
  • Water Heater Type: Tank

Association/Amenities

  • Misc Features: Current Lease

Schools

  • Elementary School: Other - See Remarks
  • Middle School: Other - See Remarks
  • High School: Other - See Remarks

Lot Info

  • Lot Dimensions: .175
  • Property Group Id: 19990816212116581394000000
  • Lot: 7

Building Info

  • Year Built: 1922

Tax Info

  • Taxes (6 mo): 900.00
  • FILLTAXID: 03015005

Multi Family

  • Lease Type: One Year
  • Tenant Pays: Electricity
  • Units In Building: 2.00
  • Multi Family Type: Duplex

MLS Schools

  • Elementary School: Other - See Remarks
  • HighSchool: Other - See Remarks
  • Middle School: Other - See Remarks

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2013
Closed on
Oct 24, 2013
Sold by
Lawson Eric L
Bought by
Bucklew Investments Llc
Seller's Agent
Teresa Khanna
T Y REALTY INCORPORATED
Buyer's Agent
Non Member Transaction Agent
Non-Member Transaction Office
List Price
$60,000
Sold Price
$53,000
Premium/Discount to List
-$7,000
-11.67%
Current Estimated Value
$213,133

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$160,133
Avg. Annual Appreciation
11.49%
Original Mortgage
$83,000
Outstanding Balance
$62,881
Interest Rate
4.25%
Mortgage Type
Credit Line Revolving
Estimated Equity
$129,668

Purchase Details

Closed on
Aug 18, 2005
Sold by
Smith Ronnie D
Bought by
Lawson Eric L
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Bucklew Investments Llc $53,000 None Available
Lawson Eric L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bucklew Investments Llc $83,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2013 11/05/13 Sold $53,000 -11.7% $14 / Sq Ft
11/05/2013 11/05/13 Pending -- -- --
09/16/2013 09/16/13 For Sale $60,000 -- $16 / Sq Ft
Source: Roanoke Valley 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 $1,743 $195,800 $27,000 $168,800
2023 $1,743 $195,800 $27,000 $168,800
2022 $1,267 $123,000 $22,500 $100,500
2021 $1,365 $123,000 $22,500 $100,500
2020 $1,260 $113,500 $18,000 $95,500
2019 $1,260 $113,500 $18,000 $95,500
2018 $891 $80,300 $12,000 $68,300
2017 $891 $80,300 $12,000 $68,300
2016 $891 $80,300 $12,000 $68,300
2015 $223 $77,900 $12,000 $65,900
2014 $432 $85,800 $12,000 $73,800
Source: Public Records

Agents Affiliated with this Home

  • Teresa Khanna

    Seller's Agent in 2013

    Teresa Khanna

    T Y REALTY INCORPORATED

    (434) 444-1060

    75 Total Sales

    Teresa Khanna
    Section Image

  • N

    Buyer's Agent in 2013

    Non Member Transaction Agent

    Non-Member Transaction Office

See All Agents

Map

Source: Roanoke Valley Association of REALTORS®

MLS Number: 796913

Roanoke Valley Association of REALTORS®

APN: 030-15-005

Virginia Lynchburg City County Lynchburg 24501 Westend

3307 Memorial Ave, Lynchburg, VA

This home is located at 3307 Memorial Ave, Lynchburg, VA 24501 since 16 September 2013 and is currently estimated at $213,133, approximately $58 per square foot. This property was built in 1922. 3307 Memorial Ave is a home located in Lynchburg City with nearby schools including Perrymont Elementary School, Paul Laurence Dunbar Mid. for Innov., and E.C. Glass 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.

Roanoke Valley Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes