NOT LISTED FOR SALE

490 Oakley Ave Lynchburg, VA 24501

Westend Neighborhood

Estimated Value: $82,000 - $136,280

2 Beds
1 Bath
896 Sq Ft
$128/Sq Ft Est. Value

Last Sold July 22, 2020

Last sale price $48,000 $54 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $646/month

108 Days on Market

Highlights

  • City View
  • Wood Flooring
  • Garden
  • Ranch Style House
  • Community Pool
  • Forced Air Heating and Cooling System

About This Home

As of July 2020

Very convenient location with grocery market across the street. Owned by the same family for 74 years. Also includes extra lot at 301 Talbot St. Priced below tax assessment of $71,600 for both parcels. Possible business location with B-5 Zoning.

Last Agent to Sell the Property

Gary Foster

RE/MAX 1st Olympic License #0225054061 Listed on: 03/23/2020

RE/MAX 1st Olympic

Co-Listed By

CYNTHIA G SMITH

Alliance Realty Group License #0225058379

Last Buyer's Agent

Colby Durham

Gary Foster & Co. Realtors License #0225060226

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $795

Year Built

  • Built in 1918

Lot Details

  • 10,367 Sq Ft Lot
  • Garden
  • Property is zoned B-5

Home Design

  • Ranch Style House
  • Metal Roof

Interior Spaces

  • 896 Sq Ft Home
  • City Views
  • Pull Down Stairs to Attic
  • Storm Doors
  • Gas Range

Flooring

  • Wood
  • Wood Under Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Washer Hookup

Basement

  • Partial Basement
  • Exterior Basement Entry

Schools

  • Tc Miller Elementary School
  • Pl Dunbar Midl Middle School
  • E. C. Glass High School

Utilities

  • Forced Air Heating and Cooling System
  • Gas Water Heater
  • Cable TV Available

Community Details

  • Community Pool

Listing and Financial Details

  • Assessor Parcel Number 01217013

Home Details

Home Type

Single Family

Est. Annual Taxes

$795

Year Built

Built in 1918

Lot Details

0

Listing Details

  • FILLACRES: 0.2380
  • Directions: Memorial Ave to Oakley Ave. House on the right.
  • ElementarySchool7: TC Miller Elem
  • HighSchool7: E. C. Glass High
  • Lot Measurement: Acres
  • Lot Sq Ft: 10367.00
  • MiddleSchool7: PL Dunbar Midl
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 01217013
  • Year Built: 1918
  • Heating System: Forced Warm Air-Gas
  • Building Stories: One
  • Dwelling Styles: Ranch
  • Foyer Area: 126.000000
  • Laundryroom Dim: 4.000 x 3.000
  • Laundryroom Len: 4.000
  • Living Room Dim: 13.000 x 13.000
  • Livingroom Len: 13.000
  • Livingroom Wid: 13.000
  • Masterbedroom Area: 169.000000
  • Master Bedroom Dim: 13.000 x 13.000
  • Masterbedroom Len: 13.000
  • Masterbedroom Wid: 13.000
  • Office Dim: 0.000 x 0.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 1.00
  • Bathrooms Display: 1 (1 0)
  • Lower Floor 1 Bedrooms: 2
  • Broker Approved: Yes
  • Legal Description: OAKLEY, LOT 91 and OAKLEY, LOT 76
  • Reciprocal Listing: No
  • Second Bedroom: 13x12 Level: Level 1 Above Grade
  • Second Bedroom Area: 156.000000
  • Above Grade Finished Sq Ft: 896.00
  • ApplianceConvey: Range-Gas
  • Has Attic: Pull Down
  • Has Basement: Exterior Entrance, Partial
  • Flooring: Carpet Over Hardwood, Hardwood, Vinyl
  • Year Built Exception: 0
  • Deck: 8x4 Level: Level 1 Above Grade
  • Foyer: 18x7 Level: Level 1 Above Grade
  • Level 1 Full Bathrooms: 1
  • Interior Amenities: Cable Available, Main Level Bedroom
  • Dining Kitchen: 13x13 Level: Level 1 Above Grade
  • Laundry: Main Level, Washer Connections
  • Laundry Room: 4x3 Level: Level 1 Above Grade
  • Living Room: 13x13 Level: Level 1 Above Grade
  • Master Bedroom: 13x13 Level: Level 1 Above Grade
  • Porch: 28x6 Level: Level 1 Above Grade
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 169.000000
  • Laundry Room Area: 12.000000
  • LivingRoom Area: 169.000000
  • Est Other Room1 Dim: 0.000 x 0.000
  • Est Other Room2 Dim: 0.000 x 0.000
  • Est Other Room3 Dim: 0.000 x 0.000
  • Rec Room Dim: 0.000 x 0.000
  • Sunroom Dim: 0.000 x 0.000

Exterior Features

  • Lot Number: 91 & 76
  • Roof: Metal
  • New Construction: Completed
  • Exterior Features: City View, Pool Nearby, Garden Space, Storm Doors

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Air Conditioner: Central Electric
  • Sewer: City
  • Hot Water: City
  • Water Heater: Gas

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 896.00
  • Zoning: B-5

Tax Info

  • Estimated Taxes: 795

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 20, 2025
Sold by
American Investment Properties Llc
Bought by
Powell Property Network Inc
Current Estimated Value
$108,538

Purchase Details

Closed on
May 15, 2025
Sold by
Layne Ashley Dawn
Bought by
American Investment Properties Llc

Purchase Details

Listed on
Mar 23, 2020
Closed on
Jul 20, 2020
Sold by
Tyree Reginald Wayne
Bought by
Layne Ashley Dawn
Seller's Agent
Gary Foster
RE/MAX 1st Olympic
Buyer's Agent
Colby Durham
Gary Foster & Co. Realtors
List Price
$69,900
Sold Price
$48,000
Premium/Discount to List
-$21,900
-31.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.22%

Purchase Details

Closed on
Apr 22, 2016
Sold by
Tyree Dana R and Tyree Dana Mae
Bought by
Tyree Dana R
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
Powell Property Network Inc $50,000 First American Title
American Investment Properties Llc $15,000 First American Title
Layne Ashley Dawn $48,000 Old Republic National Title
Tyree Dana R -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/22/2020 07/22/20 Sold $48,000 -31.3% $54 / Sq Ft
07/09/2020 07/09/20 Pending -- -- --
03/23/2020 03/23/20 For Sale $69,900 -- $78 / 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 $660 $74,200 $36,000 $38,200
2023 $660 $74,200 $36,000 $38,200
2022 $764 $74,200 $36,000 $38,200
2021 $824 $74,200 $36,000 $38,200
2020 $727 $65,500 $36,000 $29,500
2019 $727 $65,500 $36,000 $29,500
2018 $180 $64,800 $33,800 $31,000
2017 $719 $64,800 $33,800 $31,000
2016 $719 $64,800 $33,800 $31,000
2015 $180 $64,800 $33,800 $31,000
2014 $180 $64,800 $33,800 $31,000
Source: Public Records

Agents Affiliated with this Home

  • Gary Foster

    Seller's Agent in 2020

    Gary Foster

    RE/MAX

    (434) 841-7537

    1 in this area

    104 Total Sales

    Section Image

  • C

    Seller Co-Listing Agent in 2020

    CYNTHIA G SMITH

    Alliance Realty Group

    13 Total Sales

    Section Image

  • C

    Buyer's Agent in 2020

    Colby Durham

    Gary Foster & Co. Realtors

    (434) 426-3853

    10 Total Sales

    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 324071

APN: 012-17-013

Virginia Lynchburg City County Lynchburg 24501 Westend

490 Oakley Ave, Lynchburg, VA

This home is located at 490 Oakley Ave, Lynchburg, VA 24501 since 23 March 2020 and is currently estimated at $115,070, approximately $128 per square foot. This property was built in 1918. 490 Oakley Ave is a home located in Lynchburg City with nearby schools including T.C. Miller Elementary School for Innovation, Paul Laurence Dunbar Mid. for Innov., and E.C. Glass High School.

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