NOT LISTED FOR SALE

505 Newberne St Lynchburg, VA 24501

Westend Neighborhood

Estimated Value: $115,000 - $162,000

3 Beds
1 Bath
979 Sq Ft
$147/Sq Ft Est. Value

Last Sold September 29, 2017

Last sale price $50,000 $51 Per Sq Ft

Est. 188% increase in value since last sale

Current estimated payment $844/month

75 Days on Market

Highlights

  • Laundry Room
  • Bungalow
  • Forced Air Heating System

About This Home

As of September 2017

Great Investment Property! This property is certainly a gem! Original hardwood floors have been restored and there are tons of other updates. Don't miss your opportunity to own this amazing first time home or investment property. Move in after closing or keep current tenant and start making money! This property can be bundled with 818 Pierce St, 504 Victoria St, and 2504 Morson St for $169,900

Last Agent to Sell the Property

Jennifer Baker

City Properties 2 LLC License #0225227445 Listed on: 06/21/2017

City Properties 2 LLC

Co-Listed By

Stacy Powell

Keller Williams License #0225225057

Keller Williams

Last Buyer's Agent

Stacy Powell

Keller Williams License #0225225057

Keller Williams

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $541

Year Built

  • Built in 1927

Lot Details

  • 871 Sq Ft Lot
  • Property is zoned RCO

Home Design

  • Bungalow
  • Shingle Roof
  • Plaster

Interior Spaces

  • 979 Sq Ft Home
  • 3-Story Property
  • Electric Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Schools

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

Utilities

  • Forced Air Heating System

Community Details

  • Westover Heights Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$541

Year Built

Built in 1927

Lot Details

0

Listing Details

  • FILLACRES: 0.0200
  • Directions: Memorial Avenue (R) Eldon Street (L) Langhorne/Thomas Road (L) Newberne to home on left
  • ElementarySchool7: Perrymont Elem
  • HighSchool7: Heritage High
  • Lot Measurement: Acres
  • Lot Sq Ft: 871.00
  • MiddleSchool7: PL Dunbar Midl
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • Year Built: 1927
  • Heating System: Forced Warm Air-Gas
  • Building Stories: Three Or More
  • Dwelling Styles: Bungalow
  • Laundryroom Dim: 0.000 x 0.000
  • Living Room Dim: 15.000 x 12.000
  • Livingroom Len: 15.000
  • Livingroom Wid: 12.000
  • Masterbedroom Area: 143.000000
  • Master Bedroom Dim: 13.000 x 11.000
  • Masterbedroom Len: 13.000
  • Masterbedroom Wid: 11.000
  • Office Dim: 0.000 x 0.000
  • Other Room1 Area: 63.000000
  • Other Room1 Len: 9.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 1.00
  • Bathrooms Display: 1 (1 0)
  • Lower Floor 1 Bedrooms: 3
  • Broker Approved: Yes
  • Legal Description: Westover Heights, BLK 37 #4 & 16 pt 3 & 15
  • Reciprocal Listing: No
  • Second Bedroom: 10x10 Level: Level 1 Above Grade
  • Second Bedroom Area: 100.000000
  • Third Bedroom: 13x11 Level: Below Grade
  • Third Bedroom Area: 143.000000
  • Above Grade Finished Sq Ft: 705.00
  • ApplianceConvey: Range-Elec, Refrigerator
  • Has Attic: Other
  • Has Basement: Other
  • Flooring: Other
  • Year Built Exception: 0
  • Level 1 Full Bathrooms: 1
  • Great Room: 13x12 Level: Below Grade
  • Interior Amenities: Plaster
  • Dining Kitchen: 13x11 Level: Level 1 Above Grade
  • Laundry: Dryer Connection, Laundry Room, Washer Connections
  • Living Room: 15x12 Level: Level 1 Above Grade
  • Master Bedroom: 13x11 Level: Level 1 Above Grade
  • Other Room 1: 9x7 Level: Level 1 Above Grade
  • GreatRoom Area: 156.000000
  • Livinggreat Room Dim: 13.000 x 12.000
  • Kitchen Area: 143.000000
  • LivingRoom Area: 180.000000
  • Est Other Room1 Dim: 9.000 x 7.000
  • 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: Other

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Air Conditioner: Other
  • Sewer: City
  • Hot Water: City
  • Water Heater: Other

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors
  • Subdivision Complex: Westover Heights

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 979.00
  • Zoning: RCO

Tax Info

  • Estimated Taxes: 541

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2017
Closed on
Sep 15, 2017
Sold by
Rose T Properties Llc
Bought by
Gillette Michael A and Gillette Joid K
Seller's Agent
Jennifer Baker
City Properties 2 LLC
Buyer's Agent
Stacy Powell
Keller Williams
List Price
$56,000
Sold Price
$50,000
Premium/Discount to List
-$6,000
-10.71%
Current Estimated Value
$143,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,935
Avg. Annual Appreciation
14.51%
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
Gillette Michael A $50,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rose T Properties Llc $127,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2017 09/29/17 Sold $50,000 -10.7% $51 / Sq Ft
09/04/2017 09/04/17 Pending -- -- --
06/21/2017 06/21/17 For Sale $56,000 -- $57 / 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 $1,009 $113,400 $25,000 $88,400
2023 $1,009 $113,400 $25,000 $88,400
2022 $881 $85,500 $20,000 $65,500
2021 $949 $85,500 $20,000 $65,500
2020 $585 $52,700 $16,000 $36,700
2019 $585 $52,700 $16,000 $36,700
2018 $541 $48,700 $12,000 $36,700
2017 $541 $48,700 $12,000 $36,700
2016 $541 $48,700 $12,000 $36,700
2015 $405 $48,700 $12,000 $36,700
2014 $541 $48,700 $12,000 $36,700
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jennifer Baker

    City Properties 2 LLC

    Section Image
  • Stacy Powell

    Seller Co-Listing Agent in 2017

    Stacy Powell

    Keller Williams

    (434) 444-1983

    14 in this area

    421 Total Sales

    Stacy Powell
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 306091

APN: 031-12-009

Virginia Lynchburg City County Lynchburg 24501 Westend

505 Newberne St, Lynchburg, VA

This home is located at 505 Newberne St, Lynchburg, VA 24501 since 21 June 2017 and is currently estimated at $143,935, approximately $147 per square foot. This property was built in 1927. 505 Newberne St is a home located in Lynchburg City with nearby schools including Perrymont Elementary School, Paul Laurence Dunbar Mid. for Innov., and E.C. Glass High School.

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