NOT LISTED FOR SALE

5036 Fort Ave Lynchburg, VA 24502

Fort Hill Neighborhood

Estimated Value: $266,000 - $354,000

-- Bed
4 Baths
2,401 Sq Ft
$137/Sq Ft Est. Value

Last Sold August 29, 2014

Last sale price $130,000 $54 Per Sq Ft

Est. 152% increase in value since last sale

Current estimated payment $1,921/month

286 Days on Market

About This Home

As of August 2014

INVESTORS! Incredible 6 Bedroom Duplex with Fenced Yard, in an Unbeatable Location! 6 Bedrooms Upstairs (3 on each side). Basement is roughed in and also ready to finish off for additional living space, along with it's own walk-out, would easily make this 3 separate units, or one very spacious home. Privacy fenced back yard offers additional workshop with adjoining carport. Property has 2 separate HEAT PUMPS, and units are separately metered. Property features an EXCELLENT, highly visible location, that is ideal for INVESTORS! There are 2 fireplaces available. Property is ZONED B-1, and is a tremendous VALUE, currently priced over $10,000 LESS than current CITY ASSESSMENT! Tremendous CASHFLOW opportunity!!! Walking distance to several restaurants, shopping, and more. Easy access to Liberty University AND Lynchburg College, and is ideal for students and faculty. You will NOT find a better VALUE for the money! Please call to see this property today. Will not last long at this price!

Last Agent to Sell the Property

Adam Hopkins

The Hopkins Real Estate Group License #0225067228 Listed on: 10/11/2013

Last Buyer's Agent

Adam Hopkins

The Hopkins Real Estate Group License #0225067228 Listed on: 10/11/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,640

Year Built

  • Built in 1949

Lot Details

  • 0.35 Acre Lot

Home Design

  • 2,401 Sq Ft Home

Flooring

  • Wood
  • Carpet
  • Vinyl

Parking

  • 2 Parking Spaces
  • Guest Parking
  • Off-Street Parking

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

Overview

  • 2 Units

Building Details

  • New Taxes Expense $1,640
  • Net Operating Income $16,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,640

Year Built

Built in 1949

Lot Details

0

Listing Details

  • FILLACRES: 0.3450
  • Directions: Wards Rd to Fort Ave. Property will be on Right.
  • ElementarySchool7: Sheffield Elem
  • HighSchool7: Heritage High
  • Lot Measurement: Acres
  • Lot Sq Ft: 15028.00
  • MiddleSchool7: PL Dunbar Midl
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • Year Built: 1949
  • Heating System: Heat Pump
  • Unit Info Number Unfurnished Units: 2
  • Taxes Expense: 1640.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: Radcliff Blk 13 Lot 8
  • Reciprocal Listing: No
  • Flooring: Carpet, Vinyl, Wood Floors
  • Year Built Exception: 0

Garage/Parking

  • Parking: 2 Spaces/Unit, Carport-Single, Guest Parking, Off Street Parking

Utilities

  • Cooling: Heat Pump
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 2401.00

Tax Info

  • Estimated Taxes: 1640

Multi Family

  • Net Operating Income: 16800.00
  • Total Number Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 23, 2016
Sold by
Banbritt Properties Llc
Bought by
Fortune Family Llc
Current Estimated Value
$328,015

Purchase Details

Listed on
Oct 11, 2013
Closed on
Aug 28, 2014
Sold by
Hidrobo Segundo G
Bought by
Banbritt Properties Llc
Seller's Agent
Adam Hopkins
The Hopkins Real Estate Group
Buyer's Agent
Adam Hopkins
The Hopkins Real Estate Group
List Price
$139,950
Sold Price
$130,000
Premium/Discount to List
-$9,950
-7.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.09%
Original Mortgage
$110,500
Interest Rate
4.12%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 19, 2008
Sold by
Flanik George Scott
Bought by
Hidrobo Segundo G
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
Fortune Family Llc $350,000 Reliance Title & Settlement
Banbritt Properties Llc $130,000 Virginia Title Center
Hidrobo Segundo G $148,700 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fortune Family Llc $460,000
Previous Owner Banbritt Properties Llc $110,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2014 08/29/14 Sold $130,000 -7.1% $54 / Sq Ft
07/24/2014 07/24/14 Pending -- -- --
10/11/2013 10/11/13 For Sale $139,950 -- $58 / 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 $1,606 $180,500 $86,000 $94,500
2023 $1,606 $180,500 $86,000 $94,500
2022 $1,682 $163,300 $68,800 $94,500
2021 $1,359 $163,300 $68,800 $94,500
2020 $1,531 $137,900 $68,800 $69,100
2019 $1,531 $137,900 $68,800 $69,100
2018 $1,452 $130,800 $51,600 $79,200
2017 $1,452 $130,800 $51,600 $79,200
2016 $1,452 $130,800 $51,600 $79,200
2015 $1,089 $148,700 $45,700 $103,000
2014 $1,651 $148,700 $45,700 $103,000
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2014

    Adam Hopkins

    The Hopkins Real Estate Group

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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 281487

APN: 053-10-051

Virginia Lynchburg City County Lynchburg 24502 Fort Hill

5036 Fort Ave, Lynchburg, VA

This home is located at 5036 Fort Ave, Lynchburg, VA 24502 since 11 October 2013 and is currently estimated at $328,015, approximately $136 per square foot. This property was built in 1949. 5036 Fort Ave is a home located in Lynchburg City with nearby schools including Sheffield Elementary School, Paul Laurence Dunbar Mid. for Innov., and Heritage High School.

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