NOT LISTED FOR SALE

3611 Old Forest Rd Lynchburg, VA 24501

1.55 Acres
-- Price per Acre
67,605 Sq Ft Lot

Last Sold November 06, 2014

Last sale price $450,000 $7 Per Sq Ft

180 Days on Market

About This Lot

As of November 2014

High traffic commercial corner with stoplight next to Areva. 530' total road frontage. Rentable brick houses. Great for retail, c-store, office, restaurant, etc.

Last Agent to Sell the Property

Tommy DeWitt

DeWitt Real Estate & Auctions License #0225033016 Listed on: 05/08/2014

Last Buyer's Agent

Gary Case

Gary W. Case & Co.,Inc. License #0225108038

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,285

Lot Details

  • 1.55 Acre Lot
  • Property is zoned B-1

Schools

  • Linkhorne Elementary School
  • Linkhorne Midl Middle School
  • E. C. Glass High School

Listing and Financial Details

  • Assessor Parcel Number 227-14-2--227-14-1

Property Details

Property Type

Land

Est. Annual Taxes

$4,285

Lot Details

0

Listing Details

  • FILLACRES: 1.5520
  • BuildingOnProperty: House
  • Directions: Old Forest Road to corner of Kings Drive.
  • ElementarySchool7: Linkhorne Elem
  • HighSchool7: E. C. Glass High
  • Lot Measurement: Acres
  • Lot Sq Ft: 67605.00
  • MiddleSchool7: Linkhorne Midl
  • Days On Market: No
  • Property Subtype1: Unimproved Land
  • Prop. Type: Land
  • Restrictions: None
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 227-14-2--227-14-1
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Disability Access: Rd Frnt State Paved
  • Accessible Transportation: City Maintained
  • Broker Approved: Yes
  • Legal Description: Old Forest Road
  • Reciprocal Listing: No
  • Street Number Modifier: 3613

Exterior Features

  • Road Frontage: 530.00
  • Topography: Mostly Level

Utilities

  • Utilities: ElectricityAvailable, Sewer System Avail, Water System Avail

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Lynchburg

Lot Info

  • Best Use: Develop to Business
  • Current Use: Residential
  • Zoning: B-1

Tax Info

  • Estimated Taxes: 4285

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 2, 2018
Sold by
Fnb Property Corp
Bought by
First National Bank

Purchase Details

Closed on
Sep 25, 2015
Sold by
Skip
Bought by
Skip

Purchase Details

Listed on
May 8, 2014
Closed on
Oct 29, 2014
Sold by
Ellis Katherine K and Kidd Thomas N
Bought by
Fnb Property Corp
Seller's Agent
Tommy DeWitt
DeWitt Real Estate & Auctions
Buyer's Agent
Gary Case
Gary W. Case & Co.,Inc.
List Price
$540,000
Sold Price
$450,000
Premium/Discount to List
-$90,000
-16.67%
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
First National Bank -- None Available
Skip -- None Available
Fnb Property Corp $200,000 Investors Title Ins Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/06/2014 11/06/14 Sold $450,000 -16.7% $7 / Sq Ft
11/04/2014 11/04/14 Pending -- -- --
05/08/2014 05/08/14 For Sale $540,000 -- $8 / 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 $10,920 $1,300,000 $453,600 $846,400
2024 $11,870 $1,333,700 $453,600 $880,100
2023 $11,870 $1,333,700 $453,600 $880,100
2022 $13,737 $1,333,700 $453,600 $880,100
2021 $14,804 $1,333,700 $453,600 $880,100
2020 $14,807 $1,334,000 $453,600 $880,400
2019 $14,807 $1,334,000 $453,600 $880,400
2018 $3,559 $1,282,600 $378,000 $904,600
2017 $14,237 $1,282,600 $378,000 $904,600
2016 $14,237 $378,000 $378,000 $0
2015 $1,049 $182,600 $140,800 $41,800
2014 $1,562 $182,600 $140,800 $41,800
Source: Public Records

Agents Affiliated with this Home

  • Tommy DeWitt

    Seller's Agent in 2014

    Tommy DeWitt

    DeWitt Real Estate & Auctions

    (434) 941-1305

    109 Total Sales

    Tommy DeWitt
    Section Image

  • G

    Buyer's Agent in 2014

    Gary Case

    Gary W. Case & Co.,Inc.

See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 285261

APN: 227-14-002

Virginia Lynchburg City County Lynchburg 24501

3611 Old Forest Rd, Lynchburg, VA

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