NOT LISTED FOR SALE

38 Old Rustburg Rd Lynchburg, VA 24501

Estimated Value: $89,000 - $222,000

3 Beds
1.5 Baths
1,661 Sq Ft
$94/Sq Ft Est. Value

Last Sold May 24, 2024

Last sale price $195,000 $117 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $818/month

86 Days on Market

Highlights

  • Mountain View
  • Bonus Room
  • Outdoor Storage
  • Wood Flooring
  • Bungalow
  • Ceiling Fan

About This Home

As of May 2024

Back on the Market! Buyer unable to close. Are you ready for the ultimate in Campbell County living with Lynchburg city convenience? Look no further! This charming home offers the best of both worlds. The original hardwood floors have been refinished and look amazing. A brand new heat pump and new septic system have just been installed. You will appreciate the convenience of the 2-level design: 2 bedrooms, 1 bath, living room, and a cozy kitchen upstairs; and a large bedroom, half bath and bonus room downstairs, with a separate entrance. Downstairs also has washer and dryer hookups with extra space for storage. Located on a large acre lot, with an out building, this home is perfect for families or as an investment opportunity. Schedule a showing and experience what this home has to offer firsthand. Owner is licensed agent.

Last Agent to Sell the Property

Kenneth Mann

DeWitt Real Estate & Auctions License #0225257040 Listed on: 01/29/2024

Last Buyer's Agent

Mic Austin

eXp Realty LLC-Richmond License #0225216766

eXp Realty LLC-Richmond

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $395

Year Built

  • Built in 1950

Lot Details

  • 1 Acre Lot
  • Property is zoned A-1

Home Design

  • Bungalow
  • Shingle Roof

Interior Spaces

  • 1,661 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Bonus Room
  • Mountain Views
  • Pull Down Stairs to Attic
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Carpet

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Laundry in Basement

Outdoor Features

  • Outdoor Storage

Schools

  • Rustburg Elementary School
  • Rustburg Midl Middle School
  • Rustburg High School

Utilities

  • Heat Pump System
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 15B-4-72

Home Details

Home Type

Single Family

Est. Annual Taxes

$395

Year Built

Built in 1950

Lot Details

0

Listing Details

  • BuildingOnProperty: Storage Building
  • Directions: From 501 turn onto Old Rustburg Road, property is the first house on the left.
  • Days On Market: No
  • Prop. Type: Residential
  • Year Built: 1950
  • Garage Yn: No
  • HalfBathBelowGrade: 1
  • Property Sub-Type: Single Family Residence
  • Above Grade Finished Sq Ft: 921.00
  • Architectural Style: Bungalow
  • Laundryroom Dim: 0.000 x 0.000
  • Office Dim: 0.000 x 0.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 2.00
  • Bathrooms Display: 2 (1 1)
  • Broker Approved: Yes
  • Reciprocal Listing: No
  • Has Attic: Pull Down
  • Has Basement: Exterior Entrance, Finished, Full, Walkout
  • Flooring: Carpet, Hardwood
  • Level 1 Full Bathrooms: 1
  • Great Room: 15x11 Level: Below Grade
  • Interior Amenities: Ceiling Fan(s), Drywall
  • Dining Kitchen: 12x10 Level: Level 1 Above Grade
  • Laundry: Basement, Dryer Connection, Washer Connections
  • Living Room: 16x12 Level: Level 1 Above Grade
  • Master Bedroom: 12x12 Level: Level 1 Above Grade
  • Other Room 1: 13x12 Level: Below Grade
  • Additional Room 1 Description: Bonus Room
  • Appliances: Dishwasher, Range-Elec, Refrigerator
  • Half Bathrooms: 1
  • Stories: One
  • Third Bedroom: 16x11 Level: Below Grade
  • Second Bedroom: 12x11 Level: Level 1 Above Grade
  • Room Bedroom3 Area: 176.000000
  • Room Master Bedroom Area: 144.000000
  • GreatRoom Area: 165.000000
  • Room Kitchen Area: 120.000000
  • Room Living Room Area: 192.000000
  • Room Bedroom2 Area: 132.000000
  • MasterBedroomDimensions Dim: 12.000 x 12.000
  • Kitchen Dim: 12.000 x 10.000
  • Sunroom Dim: 0.000 x 0.000
  • Master Bedroom Master Bedroom Width: 12.000

Exterior Features

  • Lot Number: 67-77
  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Mountain Views

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Utility Electric: AEP/Appalachian Powr
  • Cooling: Heat Pump
  • Sewer: Septic Tank
  • Water Heater: Electric
  • Heating: Heat Pump
  • Water Source: Well

Schools

  • Elementary School: Rustburg Elem
  • High School: Rustburg High
  • Middle School: Rustburg Midl
  • Junior High Dist: Campbell

Lot Info

  • Zoning: A-1
  • Acres: 1.0000
  • Lot Size Sq Ft: 43560.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 15B-4-72
  • ResoLotSizeUnits: Acres

Rental Info

  • Sub Lease: No
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.001-05:00

Tax Info

  • Estimated Taxes: 395

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 29, 2024
Closed on
May 23, 2024
Sold by
Mann Enterprises Llc
Bought by
Smith Matthew J
Seller's Agent
Kenneth Mann
DeWitt Real Estate & Auctions
Buyer's Agent
Mic Austin
eXp Realty LLC-Richmond
List Price
$195,900
Sold Price
$195,000
Premium/Discount to List
-$900
-0.46%
Views
190
Current Estimated Value
$155,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$39,500
Avg. Annual Appreciation
-13.67%

Purchase Details

Closed on
Sep 27, 2023
Sold by
Blankenship Roger E and Blankenship Laura A
Bought by
Mann Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
7.09%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Smith Matthew J $195,000 Chicago National Title Insuran
Mann Enterprises Llc $90,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mann Enterprises Llc $98,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/24/2024 05/24/24 Sold $195,000 -0.5% $117 / Sq Ft
04/24/2024 04/24/24 Pending -- -- --
04/21/2024 04/21/24 Price Changed $195,900 0.0% $118 / Sq Ft
04/21/2024 04/21/24 For Sale $195,900 -1.8% $118 / Sq Ft
02/18/2024 02/18/24 Pending -- -- --
01/29/2024 01/29/24 For Sale $199,500 -- $120 / 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 $4 $800 $800 $0
2024 $4 $800 $800 $0
2023 $4 $800 $800 $0
2022 $4 $800 $800 $0
2021 $4 $800 $800 $0
2020 $4 $800 $800 $0
2019 $4 $800 $800 $0
2018 $390 $75,000 $18,400 $56,600
2017 -- $75,000 $18,400 $56,600
2016 -- $75,000 $18,400 $56,600
2015 -- $75,000 $18,400 $56,600
2014 -- $74,900 $18,400 $56,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 350261

APN: 15B-4-67