NOT LISTED FOR SALE

Estimated Value: $152,439 - $220,000

-- Bed
2 Baths
2,325 Sq Ft
$81/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $157,500 $68 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,088/month

162 Days on Market

About This Home

As of October 2022

This duplex has is ready to go!!!Both units are vacant, ready for a new tenants, previously rented for $735. The upstairs unit previously $800 per month. This unit has fresh paint, carpet, vinyl replacement windows,heat pump new landscaping, & is ready to cash flow for you! Plenty of parking in the paved parking lot around back, close to plenty of shopping, parks, downtown, several colleges, & much more! Don't wait too long & miss out on purchasing both duplexes at 401 & 403 Botetourt, as this could cashflow excellent for you!

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

  • $684

Year Built

  • Built in 1903

Lot Details

  • 5,532 Sq Ft Lot

Home Design

  • 2,325 Sq Ft Home

Flooring

  • Wood
  • Carpet
  • Vinyl

Parking

  • Parking Lot
  • Off-Street Parking

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02211018

Community Details

Overview

  • 2 Units
  • Rivermont Subdivision

Building Details

  • 2 Separate Water Meters

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$684

Year Built

Built in 1903

Lot Details

0

Listing Details

  • FILLACRES: 0.1270
  • Directions: Rivermont Avenue to Bedford Avenue, to Botetourt St, to both duplexes 401 & 403 Botetourt St (no sign).
  • ElementarySchool7: Bedford Hills Elem
  • HighSchool7: E. C. Glass High
  • Internet Providers: Comcast/Xfinity
  • Lot Measurement: Acres
  • Lot Sq Ft: 5532.00
  • MiddleSchool7: Linkhorne Midl
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 02211018
  • Year Built: 1903
  • Heating System: Heat Pump
  • Unit Info Number Unfurnished Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: AMANDA V WILKINS, PT LOT 13
  • 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: 2325.00
  • Zoning: R-3

Tax Info

  • Estimated Taxes: 684

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
$180,000
Sold Price
$157,500
Premium/Discount to List
-$22,500
-12.5%
Current Estimated Value
$187,360

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,860
Avg. Annual Appreciation
5.78%

Purchase Details

Closed on
Jan 24, 2013
Sold by
Colonial Funding Group Llc
Bought by
Dominion Residential & Com Svcs Llc

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 13, 2011
Sold by
Dane Sheila
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
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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
Strock Properties Llc -- None Listed On Document
Dominion Residential & Com Svcs Llc $14,300 Advantage Title & Closing Ll
Colonial Funding Group Llc $19,300 None Available
Rv Holdings Eleven Llc $17,850 None Available
Federal National Mortgage Association $60,908 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 $157,500 -12.5% $68 / Sq Ft
08/18/2022 08/18/22 Pending -- -- --
03/09/2022 03/09/22 For Sale $180,000 -- $77 / 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 $1,226 $145,900 $20,000 $125,900
2024 $1,034 $116,200 $15,000 $101,200
2023 $776 $116,200 $15,000 $101,200
2022 $634 $61,600 $9,000 $52,600
2021 $684 $61,600 $9,000 $52,600
2020 $567 $51,100 $6,000 $45,100
2019 $567 $51,100 $6,000 $45,100
2018 $536 $48,300 $6,000 $42,300
2017 $536 $48,300 $6,000 $42,300
2016 $536 $48,300 $6,000 $42,300
2015 $268 $46,200 $3,000 $43,200
2014 $128 $72,300 $3,000 $69,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 336849

APN: 022-11-018