NOT LISTED FOR SALE

501 Addie Way Lynchburg, VA 24501

Estimated Value: $333,000 - $368,000

3 Beds
2 Baths
1,436 Sq Ft
$248/Sq Ft Est. Value

Last Sold July 28, 2023

Last sale price $317,000 $221 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,038/month

25 Days on Market

Highlights

  • Mountain View
  • Walk-In Closet
  • Ceiling Fan
  • Ranch Style House
  • En-Suite Primary Bedroom
  • Carpet

About This Home

As of July 2023

Welcome to 501 Addie Way, a charming and well-maintained house that's ready for its next lucky owner! Situated on half an acre of land, this beautiful property boasts 3 bedrooms, 2 bathrooms, and plenty of living space all on one level. The spacious master bedroom comes complete with a large walk-in closet, providing ample storage for all your belongings. Inside the home, you'll be delighted by the light-filled rooms and lovely details throughout. The kitchen features wooden cabinets and a nice size pantry, perfect for inspiring your inner chef. And when it's time to relax, head out to the wonderful deck that opens up to a serene backyard - perfect for enjoying your morning coffee or hosting summer barbecues. With a full basement ready to be finished, there's plenty of potential for even more living space. And located in the heart of Lynchburg VA, this home is convenient to all the best that the area has to offer. Don't miss your chance to make this stunning property yours!

Last Agent to Sell the Property

Adam Stinespring

Keller Williams License #0225258772 Listed on: 06/02/2023

Keller Williams

Last Buyer's Agent

Nicholas Falwell

DeWitt Real Estate & Auctions License #0225249841

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $850

Year Built

  • Built in 2004

Lot Details

  • 0.45 Acre Lot

Home Design

  • Ranch Style House
  • Shingle Roof

Interior Spaces

  • 1,436 Sq Ft Home
  • Ceiling Fan
  • Mountain Views
  • Scuttle Attic Hole
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Schools

  • Yellow Branch Elementary School
  • Rustburg Midl Middle School
  • Rustburg High School

Utilities

  • Heat Pump System
  • Underground Utilities
  • Electric Water Heater

Home Details

Home Type

Single Family

Est. Annual Taxes

$850

Year Built

Built in 2004

Lot Details

0

Listing Details

  • FILLACRES: 0.4500
  • Directions: 29s, 1 1/2 Miles Past Airport, Turn Left On English Tavern Rd., To Left On Russell Springs Dr., To Right On Addie, House On Right
  • ElementarySchool4: Yellow Branch Elem
  • HighSchool4: Rustburg High
  • Lot Measurement: Acres
  • Lot Sq Ft: 19602.00
  • MiddleSchool4: Rustburg Midl
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • Year Built: 2004
  • Heating System: Heat Pump
  • Building Stories: One
  • Dwelling Styles: Ranch
  • Laundryroom Dim: 0.000 x 0.000
  • Living Room Dim: 14.000 x 16.000
  • Livingroom Len: 14.000
  • Livingroom Wid: 16.000
  • Masterbedroom Area: 221.000000
  • Master Bedroom Dim: 13.000 x 17.000
  • Masterbedroom Len: 13.000
  • Masterbedroom Wid: 17.000
  • Office Dim: 0.000 x 0.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 2.00
  • Bathrooms Display: 2 (2 0)
  • Lower Floor 1 Bedrooms: 3
  • Broker Approved: Yes
  • Legal Description: FLAT CRK
  • Reciprocal Listing: No
  • Second Bedroom: 12x12 Level: Level 1 Above Grade
  • Second Bedroom Area: 144.000000
  • Third Bedroom: 10x12 Level: Level 1 Above Grade
  • Third Bedroom Area: 120.000000
  • Above Grade Finished Sq Ft: 1436.00
  • ApplianceConvey: Dishwasher, Dryer, Microwave, Range-Elec, Refrigerator, Washer
  • Has Attic: Scuttle
  • Has Basement: Full, Walkout
  • Flooring: Carpet, Vinyl
  • Year Built Exception: 0
  • Deck: 12x14 Level: Level 1 Above Grade
  • Level 1 Full Bathrooms: 2
  • Interior Amenities: Ceiling Fan(s), Drywall, Main Level Bedroom, Master Bed w/ Bath, Pantry, Smoke Alarm, Walk-In Closet(s)
  • Dining Kitchen: 14x16 Level: Level 1 Above Grade
  • Laundry: Main Level
  • Living Room: 14x16 Level: Level 1 Above Grade
  • Master Bedroom: 13x17 Level: Level 1 Above Grade
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 224.000000
  • LivingRoom Area: 224.000000
  • 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

  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Off-Street Parking, Concrete Drive, Insulated Glass, Undergrnd Utilities, Mountain Views

Garage/Parking

  • Attached Garage: 1 Car
  • Garage Spaces: Garage Door Opener
  • Garage Area: 264.000000
  • Garage Dim: 12.000 x 22.000
  • GarageLen: 12.000
  • GarageWid: 22.000

Utilities

  • Air Conditioner: Heat Pump
  • Sewer: County
  • Hot Water: County
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Campbell
  • School District: Campbell

Lot Info

  • Lot Sq Ft: 1436.00

Tax Info

  • Estimated Taxes: 850

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2023
Closed on
Jul 12, 2023
Sold by
Policastro Florence R
Bought by
Widrick Neil B and Widrick Arisa L
Seller's Agent
Adam Stinespring
Keller Williams
Buyer's Agent
Nicholas Falwell
DeWitt Real Estate & Auctions
List Price
$324,900
Sold Price
$317,000
Premium/Discount to List
-$7,900
-2.43%
Views
142
Current Estimated Value
$355,464

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,464
Avg. Annual Appreciation
7.16%
Original Mortgage
$269,450
Outstanding Balance
$263,440
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$102,597
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
Widrick Neil B $317,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Widrick Neil B $269,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2023 07/28/23 Sold $317,000 -0.9% $221 / Sq Ft
06/27/2023 06/27/23 Pending -- -- --
06/15/2023 06/15/23 Price Changed $319,900 -1.5% $223 / Sq Ft
06/02/2023 06/02/23 For Sale $324,900 -- $226 / 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 $1,219 $270,800 $40,000 $230,800
2024 $1,219 $270,800 $40,000 $230,800
2023 $1,219 $270,800 $40,000 $230,800
2022 $953 $183,200 $36,000 $147,200
2021 $953 $183,200 $36,000 $147,200
2020 $953 $175,900 $36,000 $139,900
2019 $953 $183,200 $36,000 $147,200
2018 $915 $175,900 $36,000 $139,900
2017 $915 $175,900 $36,000 $139,900
2016 $915 $175,900 $36,000 $139,900
2015 -- $175,900 $36,000 $139,900
2014 -- $169,300 $36,000 $133,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 344375

APN: 22G-5-17