NOT LISTED FOR SALE

501 Biltmore Ave Lynchburg, VA 24502

Perrymont Neighborhood

Estimated Value: $294,000 - $304,000

4 Beds
2 Baths
1,734 Sq Ft
$173/Sq Ft Est. Value

Last Sold March 22, 2022

Last sale price $245,000 $141 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $1,814/month

9 Days on Market

Highlights

  • In Ground Pool
  • Main Floor Bedroom
  • Fenced Yard
  • Wood Flooring
  • Screened Porch
  • Garden

About This Home

As of March 2022

Back on the market due to buyer complication unrelated to the listing. A must have home located in the best of Lynchburg. You wont find another house like this in this highly sought after neighborhood. This home has 4 bedrooms, 2 baths, plenty room for storage in an unfinished basement and an in ground swimming pool.(pool liner 5 years old) The first floor provides an open dining room and living room area for entertaining. The living room has a beautiful fire place with remote gas logs. The upstairs has a large space for the work from home professional'' with high speed internet available. The remainder of the upstairs provides two bedrooms and a full bathroom.

Last Agent to Sell the Property

Preston Davidson

Mark A. Dalton & Co., Inc. License #0225226908 Listed on: 02/01/2022

Last Buyer's Agent

Melissa Murdock

Century 21 ALL-SERVICE License #0225202806

Century 21 ALL-SERVICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,919

Year Built

  • Built in 1950

Lot Details

  • 0.29 Acre Lot
  • Fenced Yard
  • Landscaped
  • Garden

Home Design

  • Shingle Roof

Interior Spaces

  • 1,734 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Gas Log Fireplace
  • Screened Porch
  • Attic Access Panel
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom

Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Laundry in Basement

Outdoor Features

  • In Ground Pool
  • Outdoor Storage

Schools

  • Perrymont Elementary School
  • Pl Dunbar Midl Middle School
  • Heritage High School

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • Perrymont Subdivision

Listing and Financial Details

  • Assessor Parcel Number 05607006

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,919

Year Built

Built in 1950

Lot Details

0

Listing Details

  • FILLACRES: 0.2869
  • BuildingOnProperty: Storage Building
  • Directions: From Perrymont Ave turn onto Alexander St then left on to Biltmore Ave the house is on the left
  • ElementarySchool7: Perrymont Elem
  • HighSchool7: Heritage High
  • Internet Providers: Comcast/Xfinity
  • Lot Measurement: Acres
  • Lot Sq Ft: 12497.00
  • MiddleSchool7: PL Dunbar Midl
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 05607006
  • Year Built: 1950
  • Heating System: Forced Warm Air-Gas
  • Building Stories: Two
  • Dwelling Styles: Two Story
  • Foyer Area: 16.000000
  • Laundryroom Dim: 0.000 x 0.000
  • Living Room Dim: 16.000 x 14.000
  • Livingroom Len: 16.000
  • Livingroom Wid: 14.000
  • Masterbedroom Area: 156.000000
  • Master Bedroom Dim: 13.000 x 12.000
  • Masterbedroom Len: 13.000
  • Masterbedroom Wid: 12.000
  • Office Dim: 14.000 x 10.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 2.00
  • Bathrooms Display: 2 (2 0)
  • Lower Floor 1 Bedrooms: 4
  • Broker Approved: Yes
  • Legal Description: SUNSET HEIGHTS, BLK 7, LOTS 27
  • Reciprocal Listing: No
  • Second Bedroom: 12x13 Level: Level 1 Above Grade
  • Second Bedroom Area: 156.000000
  • Third Bedroom: 12x9 Level: Level 1 Above Grade
  • Third Bedroom Area: 108.000000
  • Fourth Bedroom: 14x10 Level: Level 2 Above Grade
  • Fourth Bedroom Area: 140.000000
  • Above Grade Finished Sq Ft: 1734.00
  • ApplianceConvey: Dishwasher, Microwave, Range-Elec, Refrigerator
  • Has Attic: Access
  • Has Basement: Exterior Entrance, Full, Interior Entrance
  • Flooring: Laminate, Vinyl, Wood
  • Year Built Exception: 0
  • Deck: 12x9 Level: Level 1 Above Grade
  • Fireplace: 1 Fireplace, Gas Log
  • Formal Dining: 12x10 Level: Level 1 Above Grade
  • Foyer: 4x4 Level: Level 1 Above Grade
  • Level 1 Full Bathrooms: 1
  • Level 2 Full Bathrooms: 1
  • Interior Amenities: Cable Available, Cable Connections, Ceiling Fan(s), High Speed Data Aval, Main Level Bedroom
  • Dining Kitchen: 14x9 Level: Level 1 Above Grade
  • Laundry: Basement, Dryer Connection, Washer Connections
  • Living Room: 16x14 Level: Level 1 Above Grade
  • Master Bedroom: 13x12 Level: Level 2 Above Grade
  • Office: 14x10 Level: Level 2 Above Grade
  • Screened Porch: 14x8 Level: Level 1 Above Grade
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 126.000000
  • LivingRoom Area: 224.000000
  • Office Area: 140.000000
  • 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: 27-28
  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: In Ground Pool, Paved Drive, Fenced Yard, Privacy Fence, Garden Space, Landscaped, Screened Porch

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Utility Electric: AEP/Appalachian Powr
  • Air Conditioner: Heat Pump
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric

Condo/Co-op/Association

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

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 1734.00
  • Zoning: R-1

Tax Info

  • Estimated Taxes: 1919

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 1, 2022
Closed on
Mar 10, 2022
Sold by
Candler Jennifer C
Bought by
Gleason Edwin and Gleason Ella
Seller's Agent
Preston Davidson
Mark A. Dalton & Co., Inc.
Buyer's Agent
Melissa Murdock
Century 21 ALL-SERVICE
List Price
$235,000
Sold Price
$245,000
Premium/Discount to List
$10,000
4.26%
Current Estimated Value
$299,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,597
Avg. Annual Appreciation
4.83%
Original Mortgage
$250,635
Outstanding Balance
$236,090
Interest Rate
3.85%
Mortgage Type
VA
Estimated Equity
$51,900

Purchase Details

Closed on
Feb 26, 2008
Sold by
Williams Michael W and Williams Jacquelyn S
Bought by
Candler Jennifer C and Candler Ronald Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,650
Interest Rate
6%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Gleason Edwin -- Absolute Title
Candler Jennifer C -- Commonwealth Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gleason Edwin $250,635
Previous Owner Candler Jennifer C $158,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2022 03/22/22 Sold $245,000 +4.3% $141 / Sq Ft
02/10/2022 02/10/22 Pending -- -- --
02/01/2022 02/01/22 For Sale $235,000 -- $136 / 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 $2,172 $244,100 $36,000 $208,100
2023 $2,172 $244,100 $36,000 $208,100
2022 $1,781 $172,900 $30,000 $142,900
2021 $1,439 $172,900 $30,000 $142,900
2020 $1,780 $160,400 $30,000 $130,400
2019 $1,780 $160,400 $30,000 $130,400
2018 $1,691 $152,300 $20,000 $132,300
2017 $1,691 $152,300 $20,000 $132,300
2016 $1,691 $152,300 $20,000 $132,300
2015 $1,691 $152,300 $20,000 $132,300
2014 $1,691 $152,300 $20,000 $132,300
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2022

    Preston Davidson

    Mark A. Dalton & Co., Inc.

    Section Image

  • M

    Buyer's Agent in 2022

    Melissa Murdock

    Century 21 ALL-SERVICE

    (434) 856-2134

    2 in this area

    104 Total Sales

    Melissa Murdock
    Section Image
See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 336206

APN: 056-07-006

Virginia Lynchburg City County Lynchburg 24502 Perrymont

501 Biltmore Ave, Lynchburg, VA

This home is located at 501 Biltmore Ave, Lynchburg, VA 24502 since 01 February 2022 and is currently estimated at $299,597, approximately $172 per square foot. This property was built in 1950. 501 Biltmore Ave is a home located in Lynchburg City with nearby schools including Perrymont Elementary School, Paul Laurence Dunbar Mid. for Innov., and Heritage High School.

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