NOT LISTED FOR SALE

3498 Powhatan St Lynchburg, VA 24501

Fairview Heights Neighborhood

Estimated Value: $148,000 - $204,000

3 Beds
2 Baths
1,462 Sq Ft
$117/Sq Ft Est. Value

Last Sold December 29, 2021

Last sale price $120,000 $82 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $989/month

42 Days on Market

Highlights

  • Separate Outdoor Workshop
  • 1-Story Property
  • Vinyl Flooring
  • Bungalow
  • Electric Baseboard Heater
  • 4-minute walk to Fairview Heights Recreation Center

About This Home

As of December 2021

Attention Investors - Great income opportunity! 3498 Powhatan St. is a 3 bedroom, 2 bathroom brick bungalow with a completely remodeled terrace level apartment and separate entrance. 2 BR's are on the main level and the 3rd BR is on the terrace level. It features a NEW roof, NEW flooring throughout, Updated kitchen & bathrooms, NEW baseboard heating, off street parking and separate electric meters. It is close to grocery stores, shopping, and Lynchburg amenities. All updates have been completed in the last year. This home is currently tenant occupied on a month to month lease. Lease A pays $605 per month & Lease B pays $460 per month. Schedule your showing today!

Last Agent to Sell the Property

Stacy Powell

Keller Williams License #0225225057 Listed on: 10/15/2021

Keller Williams

Last Buyer's Agent

Michael Strobel

Mark A. Dalton & Co., Inc. License #0225240501

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $650

Year Built

  • Built in 1953

Lot Details

  • 0.26 Acre Lot
  • Property is zoned B1

Home Design

  • Bungalow
  • Shingle Roof

Interior Spaces

  • 1,462 Sq Ft Home
  • 1-Story Property
  • Vinyl Flooring
  • Attic Access Panel
  • Electric Range
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 3 Bedrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Apartment Living Space in Basement

Parking

  • 1 Car Detached Garage
  • Driveway

Outdoor Features

  • Separate Outdoor Workshop

Schools

  • Wm Bass Elementary School
  • Sandusky Midl Middle School
  • Heritage High School

Utilities

  • No Cooling
  • Electric Baseboard Heater
  • Electric Water Heater

Community Details

  • Campbell Ave Commercial Subdivision

Listing and Financial Details

  • Assessor Parcel Number 11026032

Home Details

Home Type

Single Family

Est. Annual Taxes

$650

Year Built

Built in 1953

Lot Details

0

Listing Details

  • FILLACRES: 0.2630
  • BuildingOnProperty: Workshop
  • Directions: Left onto Georgia Ave, Right onto Powhatan St. House on left.
  • ElementarySchool7: WM Bass Elem
  • HighSchool7: Heritage High
  • Lot Measurement: Acres
  • Lot Sq Ft: 11456.00
  • MiddleSchool7: Sandusky Midl
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 11026032
  • Year Built: 1953
  • Detached Garage: 1 Car
  • FullBathBelowGrade: 1
  • Heating System: Electric Baseboard
  • Building Stories: One
  • Dwelling Styles: Bungalow
  • Laundryroom Dim: 0.000 x 0.000
  • Living Room Dim: 12.000 x 12.000
  • Livingroom Len: 12.000
  • Livingroom Wid: 12.000
  • Masterbedroom Area: 120.000000
  • Master Bedroom Dim: 10.000 x 12.000
  • Masterbedroom Len: 10.000
  • Masterbedroom Wid: 12.000
  • Office Dim: 0.000 x 0.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 2.00
  • Bathrooms Display: 2 (2 0)
  • Lower Floor 1 Bedrooms: 3
  • Broker Approved: Yes
  • Legal Description: MOUNTAIN VIEW, BLK Q, LOT 85-A
  • Reciprocal Listing: No
  • Second Bedroom: 10x10 Level: Level 1 Above Grade
  • Second Bedroom Area: 100.000000
  • Third Bedroom: 10x11 Level: Below Grade
  • Third Bedroom Area: 110.000000
  • Above Grade Finished Sq Ft: 812.00
  • ApplianceConvey: Range-Elec, Refrigerator
  • Has Attic: Access
  • Has Basement: Apartment, Exterior Entrance, Finished, Full
  • Flooring: Vinyl
  • Year Built Exception: 0
  • Level 1 Full Bathrooms: 1
  • Interior Amenities: Main Level Bedroom
  • Dining Kitchen: 10x10 Level: Level 1 Above Grade
  • Laundry: Dryer Connection, Washer Connections
  • Living Room: 12x12 Level: Level 1 Above Grade
  • Master Bedroom: 10x12 Level: Level 1 Above Grade
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 100.000000
  • LivingRoom Area: 144.000000
  • Est Other Room1 Dim: 0.000 x 0.000
  • Est Other Room2 Dim: 0.000 x 0.000
  • Est Other Room3 Dim: 0.000 x 0.000
  • Rec Room Dim: 0.000 x 0.000
  • Sunroom Dim: 0.000 x 0.000

Exterior Features

  • Lot Number: 85
  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Concrete Drive

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Air Conditioner: None
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors
  • Subdivision Complex: Campbell Ave Commercial

Schools

  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 1462.00
  • Zoning: B1

Tax Info

  • Estimated Taxes: 650

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2021
Closed on
Dec 29, 2021
Sold by
Nbs Holdings Llc
Bought by
Hoezee Charley
Seller's Agent
Stacy Powell
Keller Williams
Buyer's Agent
Michael Strobel
Mark A. Dalton & Co., Inc.
List Price
$129,900
Sold Price
$120,000
Premium/Discount to List
-$9,900
-7.62%
Current Estimated Value
$171,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,646
Avg. Annual Appreciation
9.80%
Original Mortgage
$108,000
Interest Rate
3.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2021
Sold by
Nbs Real Estate Llc
Bought by
Nbs Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Interest Rate
3%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 10, 2020
Closed on
Mar 6, 2020
Sold by
Hud
Bought by
Nbs Real Estate Llc
Seller's Agent
Mike Levan
BHHS Dawson Ford Garbee
Buyer's Agent
Stacy Powell
Keller Williams
List Price
$36,000
Sold Price
$36,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
31.91%

Purchase Details

Closed on
Nov 5, 2018
Sold by
Jp Morgan Chase Bank
Bought by
Hud

Purchase Details

Closed on
Oct 30, 2018
Sold by
Watson Allen M and Breedlove Stephen A
Bought by
Jpmorgan Chase Bank Na

Purchase Details

Closed on
Jun 8, 2010
Sold by
Tree Of Life Pentecostal Holiness Church
Bought by
Watson Allen M and Watson Savannah F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,735
Interest Rate
5.11%
Mortgage Type
FHA

Purchase Details

Closed on
May 26, 2010
Sold by
Reynolds Danny Scott
Bought by
Tree Of Life Pentecostal Holiness Church

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$56,735
Interest Rate
5.11%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 17, 2008
Sold by
Northern Lights Properties Llc
Bought by
Tree Of Life Pentecostal Holiness Church

Purchase Details

Closed on
Oct 4, 2007
Sold by
Centra Health Inc
Bought by
Northern Lights Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,000
Interest Rate
6.43%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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Average Value
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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
Hoezee Charley $120,000 Fidelity National Title
Nbs Holdings Llc -- Fidelity National Title
Nbs Real Estate Llc $36,000 Advantage Title
Hud -- None Available
Jpmorgan Chase Bank Na $44,550 None Available
Watson Allen M $57,500 None Available
Tree Of Life Pentecostal Holiness Church -- None Available
Tree Of Life Pentecostal Holiness Church -- None Available
Northern Lights Properties Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Hoezee Charley $108,000
Previous Owner Nbs Holdings Llc $975,000
Previous Owner Watson Allen M $56,735
Previous Owner Northern Lights Properties Llc $191,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/29/2021 12/29/21 Sold $120,000 -7.6% $82 / Sq Ft
11/26/2021 11/26/21 Pending -- -- --
10/15/2021 10/15/21 For Sale $129,900 +260.8% $89 / Sq Ft
03/09/2020 03/09/20 Sold $36,000 0.0% $44 / Sq Ft View Prior Sale
01/27/2020 01/27/20 Pending -- -- --
01/10/2020 01/10/20 For Sale $36,000 -- $44 / 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 $1,063 $126,600 $20,000 $106,600
2024 $1,067 $119,900 $13,300 $106,600
2023 $1,067 $119,900 $13,300 $106,600
2022 $1,186 $115,100 $8,000 $107,100
2021 $1,023 $76,100 $8,000 $68,100
2020 $650 $58,600 $8,000 $50,600
2019 $650 $58,600 $8,000 $50,600
2018 $650 $58,600 $8,000 $50,600
2017 $650 $58,600 $8,000 $50,600
2016 $650 $58,600 $8,000 $50,600
2015 $650 $58,600 $8,000 $50,600
2014 $650 $58,600 $8,000 $50,600
Source: Public Records

Agents Affiliated with this Home

  • Stacy Powell

    Seller's Agent in 2021

    Stacy Powell

    Keller Williams

    (434) 444-1983

    21 in this area

    429 Total Sales

    Stacy Powell
    Section Image

  • M

    Buyer's Agent in 2021

    Michael Strobel

    Mark A. Dalton & Co., Inc.

    (610) 703-0943

    1 in this area

    10 Total Sales

    Michael Strobel
    Section Image

  • M

    Seller's Agent in 2020

    Mike Levan

    BHHS Dawson Ford Garbee

    (434) 942-8393

    2 in this area

    120 Total Sales

    Mike Levan
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 334368

APN: 110-26-032

Virginia Lynchburg City County Lynchburg 24501 Fairview Heights

3498 Powhatan St, Lynchburg, VA

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