NOT LISTED FOR SALE

Estimated Value: $149,230 - $199,000

-- Bed
2 Baths
2,296 Sq Ft
$77/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $137,500 $60 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $1,036/month

162 Days on Market

About This Home

As of October 2022

Don't pass up this duplex investment opportunity! Some of the features include vinyl replacement windows, heat pump,& vinyl siding for easy maintenance. Downstairs unit is 2BR/1BA that rented for $750, while upstairs unit is 3BR/1BA that rented for $800 previously.Each unit has its own full bath, full kitchen, & living room areas Both units could possibly rent for much higher. Each unit has its own separate laundry area, large paved parking lot around back for plenty of parking. Located close to the bus line, restaurants, downtown, shopping, local parks, & several area colleges. Home could also easily be converted back to a single family home as well! Plenty of options, make your appointment today to see!

Last Agent to Sell the Property

Mike Osei

Long & Foster-Forest License #0225209432 Listed on: 03/09/2022

Long & Foster-Forest

Last Buyer's Agent

Gregory Bentz

Keller Williams License #0225244209

Keller Williams

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $653

Year Built

  • Built in 1880

Lot Details

  • 9,121 Sq Ft Lot

Home Design

  • 2,296 Sq Ft Home

Flooring

  • Wood
  • Carpet
  • Vinyl

Parking

  • Parking Lot
  • Off-Street Parking

Schools

  • Bedford Hills Elementary School
  • Linkhorne Midl Middle School
  • Heritage High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02211017

Community Details

Overview

  • 2 Units
  • Rivermont Subdivision

Building Details

  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$653

Year Built

Built in 1880

Lot Details

0

Listing Details

  • FILLACRES: 0.2094
  • Directions: Rivermont Avenue to Bedford Avenue, to Botetourt St, to both 401 & 403 Botetourt duplexes side by side (no sign)
  • ElementarySchool7: Bedford Hills Elem
  • HighSchool7: Heritage High
  • Internet Providers: Comcast/Xfinity
  • Lot Measurement: Acres
  • Lot Sq Ft: 9121.00
  • MiddleSchool7: Linkhorne Midl
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 02211017
  • Year Built: 1880
  • Heating System: Heat Pump
  • Unit Info Number Unfurnished Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: PADGETT PROPERTY, LOT 9
  • Reciprocal Listing: No
  • Flooring: Carpet, Vinyl, Wood Floors
  • Year Built Exception: 0
  • Walls: Drywall

Garage/Parking

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

Utilities

  • Utility Electric: American Electric
  • Cooling: Heat Pump
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric
  • Number Of Water Meters: 2

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors
  • Subdivision Complex: Rivermont

Schools

  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 2296.00
  • Zoning: R-3

Tax Info

  • Estimated Taxes: 653

Multi Family

  • Total Number Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2022
Closed on
Nov 15, 2022
Sold by
Strock Kevin and Strock Jana
Bought by
Strock Properties Llc
Seller's Agent
Mike Osei
Long & Foster-Forest
Buyer's Agent
Gregory Bentz
Keller Williams
List Price
$150,000
Sold Price
$137,500
Premium/Discount to List
-$12,500
-8.33%
Current Estimated Value
$177,808

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,308
Avg. Annual Appreciation
8.82%

Purchase Details

Closed on
Sep 11, 2012
Sold by
Rv Holdings Eleven Llc
Bought by
Colonial Funding Group Llc

Purchase Details

Closed on
Dec 22, 2011
Sold by
Federal National Mortgage Association
Bought by
Rv Holdings Eleven Llc

Purchase Details

Closed on
Jun 2, 2011
Sold by
Proffessional Foreclouser Corp
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 20, 2011
Sold by
Ullmann Julius M and Ullmann Karen R
Bought by
Ullmann Properties Llc

Purchase Details

Closed on
Jul 14, 2005
Sold by
Ullmann Properties Llc
Bought by
Dane Sheila A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,800
Interest Rate
5.67%
Mortgage Type
New Conventional
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
Strock Properties Llc -- None Listed On Document
Colonial Funding Group Llc $19,300 None Available
Rv Holdings Eleven Llc -- A Division Of Chicago Title
Federal National Mortgage Association $60,011 None Available
Ullmann Properties Llc -- Southerneast Title Ins Corp
Dane Sheila A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dane Sheila A $73,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2022 10/14/22 Sold $137,500 -8.3% $60 / Sq Ft
08/18/2022 08/18/22 Pending -- -- --
03/09/2022 03/09/22 For Sale $150,000 -- $65 / 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 $1,214 $144,500 $20,000 $124,500
2024 $1,027 $115,400 $15,000 $100,400
2023 $1,027 $115,400 $15,000 $100,400
2022 $606 $58,800 $9,000 $49,800
2021 $653 $58,800 $9,000 $49,800
2020 $564 $50,800 $6,000 $44,800
2019 $564 $50,800 $6,000 $44,800
2018 $511 $46,000 $6,000 $40,000
2017 $511 $46,000 $6,000 $40,000
2016 $511 $46,000 $6,000 $40,000
2015 $255 $44,600 $3,600 $41,000
2014 $124 $71,000 $3,600 $67,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 336848

APN: 022-11-017