NOT LISTED FOR SALE

501 Madison St Lynchburg, VA 24504

College Hill Neighborhood

Estimated Value: $326,580

-- Bed
4 Baths
5,382 Sq Ft
$61/Sq Ft Est. Value

About This Home

This home is located at 501 Madison St, Lynchburg, VA 24504 and is currently estimated at $326,580, approximately $60 per square foot. 501 Madison St is a home located in Lynchburg City with nearby schools including Paul Munro Elementary School, Linkhorne Middle School, and E.C. Glass High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 11, 2023
Sold by
Lee Ronald H
Bought by
Lompa Ernest and Lompa Nancy
Current Estimated Value
$326,580

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,000
Outstanding Balance
$238,160
Interest Rate
7.18%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Lompa Ernest $302,500 Advantage Title & Closing
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lompa Ernest $242,000
Source: Public Records

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 $2,893 $325,000 $81,700 $243,300
2023 $2,132 $325,000 $81,700 $243,300
2022 $2,726 $350,200 $65,300 $284,900
2021 $3,887 $350,200 $65,300 $284,900
2020 $1,970 $263,000 $37,500 $225,500
2019 $1,970 $263,000 $37,500 $225,500
2018 $1,821 $240,500 $15,000 $225,500
2017 $1,721 $155,000 $15,000 $140,000
2016 $1,721 $208,800 $15,000 $193,800
2015 $2,020 $208,800 $15,000 $193,800
2014 $2,318 $199,300 $15,000 $184,300
Source: Public Records

Map

Virginia Lynchburg City County Lynchburg 24504 College Hill

501 Madison St, Lynchburg, VA

This home is located at 501 Madison St, Lynchburg, VA 24504 and is currently estimated at $326,580, approximately $60 per square foot. 501 Madison St is a home located in Lynchburg City with nearby schools including Paul Munro Elementary School, Linkhorne Middle School, and E.C. Glass High School.

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