NOT LISTED FOR SALE

481 Rivermont Ave Lynchburg, VA 24504

Rivermont Neighborhood

Estimated Value: $11,528 - $328,000

0.35 Acre
$290,121 Price per Acre
15,072 Sq Ft Lot

Last Sold November 25, 2019

Last sale price $7,000 $0 Per Sq Ft

Est. 1,334% increase in value since last sale

Current estimated payment $559/month

174 Days on Market

About This Lot

As of November 2019

Great opportunity to build a multifamily unit walking distance to downtown. This R-4 zoned parcel of almost 1/3 of an acre is ready for it's new owner. Have your driveway off of Rivermont or build uphill from Blackford Street.

Last Agent to Sell the Property

Billy Morris

John Stewart Walker, Inc License #0225225755 Listed on: 05/24/2019

Last Buyer's Agent

Mike Osei

Long & Foster-Forest License #0225209432

Long & Foster-Forest

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $125

Lot Details

  • 0.35 Acre Lot
  • Property is zoned R-4

Schools

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

Utilities

  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 02314002

Property Details

Property Type

Land

Est. Annual Taxes

$125

Lot Details

0

Listing Details

  • FILLACRES: 0.3460
  • BuildingOnProperty: None
  • Directions: Heading towards downtown on Rivermont, land is on the right, opposite Jones Street
  • ElementarySchool7: Linkhorne Elem
  • HighSchool7: E. C. Glass High
  • Internet Providers: Comcast/Xfinity
  • Lot Measurement: Acres
  • Lot Sq Ft: 15072.00
  • MiddleSchool7: Linkhorne Midl
  • Days On Market: No
  • Property Subtype1: Unimproved Land
  • Prop. Type: Land
  • Restrictions: Dblwides Not Allowed, Mobiles Not Allowed, No Horses Allowed
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 02314002
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Disability Access: Rd Frnt State Paved
  • Accessible Transportation: City Maintained
  • Broker Approved: Yes
  • Legal Description: Rivermont Plan A, Blk D, Lots 15 & 16
  • Reciprocal Listing: No

Exterior Features

  • Road Frontage: 54.00
  • Topography: Est 1 Bldg Site

Utilities

  • Utilities: Cable Available, Cntrl Water Availabl, ElectricityAvailable, NaturalGasAvailable, Overhead Electric, Overhead Phone, Sewer System Avail
  • Utility Electric: American Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Best Use: Dvlp to Residential
  • Zoning: R-4

Tax Info

  • Estimated Taxes: 83

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2019
Closed on
Nov 21, 2019
Sold by
Amazing Grace Baptist Church
Bought by
Adams Julian Bradley
Seller's Agent
Billy Morris
John Stewart Walker, Inc
Buyer's Agent
Mike Osei
Long & Foster-Forest
List Price
$8,600
Sold Price
$7,000
Premium/Discount to List
-$1,600
-18.6%
Current Estimated Value
$100,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,382
Avg. Annual Appreciation
59.23%

Purchase Details

Closed on
Aug 28, 2006
Sold by
Johnson Frank E and Johnson Rosa Bell
Bought by
Schuluer Gregory P
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
Adams Julian Bradley $7,000 None Available
Schuluer Gregory P $1,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/25/2019 11/25/19 Sold $7,000 -18.6% $0 / Sq Ft
11/14/2019 11/14/19 Pending -- -- --
05/24/2019 05/24/19 For Sale $8,600 -- $1 / 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
2024 $125 $14,100 $14,100 $0
2023 $125 $14,100 $14,100 $0
2022 $93 $9,000 $9,000 $0
2021 $100 $9,000 $9,000 $0
2020 $100 $9,000 $9,000 $0
2019 $100 $9,000 $9,000 $0
2018 $21 $7,500 $7,500 $0
2017 $83 $7,500 $7,500 $0
2016 $83 $7,500 $7,500 $0
2015 $42 $7,500 $7,500 $0
2014 $83 $7,500 $7,500 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Billy Morris

    John Stewart Walker, Inc

    Section Image
  • Mike Osei

    Buyer's Agent in 2019

    Mike Osei

    Long & Foster-Forest

    (434) 444-6206

    10 in this area

    296 Total Sales

    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 318809

APN: 023-14-002

Virginia Lynchburg City County Lynchburg 24504 Rivermont

481 Rivermont Ave, Lynchburg, VA

This home is located at 481 Rivermont Ave, Lynchburg, VA 24504 since 24 May 2019 and is currently estimated at $100,382, approximately $6 per square foot. 481 Rivermont Ave is a home located in Lynchburg City with nearby schools including Linkhorne Elementary School, Linkhorne Middle School, and E.C. Glass High School.

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