NOT LISTED FOR SALE

507 Peaks St Bedford, VA 24523

Estimated Value: $290,000 - $348,000

4 Beds
4 Baths
3,023 Sq Ft
$104/Sq Ft Est. Value

Last Sold July 25, 2022

Last sale price $319,900 $106 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $1,816/month

42 Days on Market

Highlights

  • Wood Burning Stove
  • Main Floor Bedroom
  • Attic
  • Wood Flooring
  • Finished Attic
  • 4-minute walk to Bedford Historic District

About This Home

As of July 2022

Update - Owner Financing Option to qualified buyer, attractive terms. Beauty. Restored. If you appreciate a solid home that was completely and professionally restored, 507 Peaks Street is for you. Top to bottom quality. Main level master bedroom ensuite allows total one level living if desired, bath has soaking tub and large walk in shower and closet. Open kitchen with abundant cabinetry, high-end appliances. Bathrooms are modern with tasteful fixtures and cabinetry. Windows, roof, hot water heater and heat pump all recently replaced. New flooring throughout - engineered bamboo, ceramic, carpet. Large flex room on third floor has lots of natural light. Office or study on lower level has custom sauna and half bath. 12 X 16 shed on level rear yard. Off-street parking. Walk to restaurants, shopping and downtown Bedford. MUST SEE!

Last Agent to Sell the Property

Dee Parsons

BHHS Dawson Ford Garbee-Forest License #0225133318 Listed on: 05/20/2022

BHHS Dawson Ford Garbee-Forest

Last Buyer's Agent

Jordan Smith

Keeton & Co Real Estate License #0225248313

Keeton & Co Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,400

Year Built

  • Built in 1932

Lot Details

  • 0.32 Acre Lot
  • Landscaped

Home Design

  • Shingle Roof
  • Plaster

Interior Spaces

  • 3,023 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Fireplace
  • Wood Burning Stove
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Bathtub Includes Tile Surround

Laundry

  • Laundry Room
  • Laundry on main level

Attic

  • Walkup Attic
  • Finished Attic

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Outdoor Features

  • Outdoor Storage

Schools

  • Bedford Elementary School
  • Liberty Midl Middle School
  • Liberty High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 80503301

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,400

Year Built

Built in 1932

Lot Details

0

Listing Details

  • FILLACRES: 0.3200
  • BuildingOnProperty: Storage Building
  • Directions: Longwood Dr to Peaks St, first home on the left.
  • Internet Providers: Shentel
  • Lot Measurement: Acres
  • Lot Sq Ft: 13939.00
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 80503301
  • Year Built: 1932
  • HalfBathBelowGrade: 1
  • Heating System: Heat Pump, Wood Stove
  • Building Stories: Two
  • Dwelling Styles: Two Story
  • Laundryroom Dim: 16.000 x 6.000
  • Laundryroom Len: 16.000
  • Living Room Dim: 24.000 x 13.000
  • Livingroom Len: 24.000
  • Livingroom Wid: 13.000
  • Masterbedroom Area: 143.000000
  • Master Bedroom Dim: 11.000 x 13.000
  • Masterbedroom Len: 11.000
  • Masterbedroom Wid: 13.000
  • Office Dim: 10.000 x 12.000
  • Other Room1 Area: 351.000000
  • Other Room1 Len: 13.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 4.00
  • Bathrooms Display: 4 (2 2)
  • Lower Floor 1 Bedrooms: 4
  • Broker Approved: Yes
  • High School2: Liberty High
  • Legal Description: S SIDE PEAKS ST
  • Middle School2: Liberty Midl
  • Reciprocal Listing: No
  • Second Bedroom: 25x9 Level: Level 2 Above Grade
  • Second Bedroom Area: 225.000000
  • Third Bedroom: 12x10 Level: Level 2 Above Grade
  • Third Bedroom Area: 120.000000
  • Fourth Bedroom: 14x10 Level: Level 2 Above Grade
  • Fourth Bedroom Area: 140.000000
  • Above Grade Finished Sq Ft: 2823.00
  • ApplianceConvey: Dishwasher, Range-Elec, Refrigerator
  • Has Attic: Finished, Walk-Up Stairs, Windows
  • Has Basement: Exterior Entrance, Finished, Full, Interior Entrance, Walkout
  • Flooring: Ceramic Tile, Hardwood, Wood
  • Year Built Exception: 0
  • Deck: 8x16 Level: Level 1 Above Grade
  • Fireplace: 1 Fireplace
  • Formal Dining: 11x12 Level: Level 1 Above Grade
  • Level 1 Full Bathrooms: 1
  • Level 2 Full Bathrooms: 1
  • First Level Half Bathrooms: 1
  • Interior Amenities: Ceiling Fan(s), Main Level Bedroom, Master Bed w/ Bath, Plaster, Rods, Smoke Alarm, Tile Bath(s), Walk-In Closet(s)
  • Dining Kitchen: 16x10 Level: Level 1 Above Grade
  • Laundry: Laundry Room, Main Level
  • Laundry Room: 16x6 Level: Level 1 Above Grade
  • Living Room: 24x13 Level: Level 1 Above Grade
  • Master Bedroom: 11x13 Level: Level 1 Above Grade
  • Office: 10x12 Level: Below Grade
  • Other Room 1: 13x27 Level: Level 3 Above Grade
  • Porch: 8x26 Level: Level 1 Above Grade
  • Additional Room 1 Description: Flex Space
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 160.000000
  • Laundry Room Area: 96.000000
  • LivingRoom Area: 312.000000
  • Office Area: 120.000000
  • Est Other Room1 Dim: 13.000 x 27.000
  • 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: Landscaped, Insulated Glass

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Utility Electric: Town of Bedford
  • Air Conditioner: Heat Pump
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Bedford
  • Elementary School #2: Bedford Elem
  • School District: Bedford

Lot Info

  • Lot Sq Ft: 3023.00

Tax Info

  • Estimated Taxes: 1400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2022
Closed on
Jul 5, 2022
Sold by
Johansen James M and Johansen Linda S
Bought by
Khol Michael and Khol Laura
Seller's Agent
Dee Parsons
BHHS Dawson Ford Garbee-Forest
Buyer's Agent
Jordan Smith
Keeton & Co Real Estate
List Price
$339,900
Sold Price
$319,900
Premium/Discount to List
-$20,000
-5.88%
Current Estimated Value
$313,675

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,225
Avg. Annual Appreciation
-0.36%
Original Mortgage
$288,000
Outstanding Balance
$276,259
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$40,257
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
Khol Michael $319,900 Old Republic National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khol Michael $288,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2022 07/25/22 Sold $319,900 -5.9% $106 / Sq Ft
07/01/2022 07/01/22 Pending -- -- --
05/20/2022 05/20/22 For Sale $339,900 +198.2% $112 / Sq Ft
09/29/2017 09/29/17 Sold $114,000 -19.7% $45 / Sq Ft
09/29/2017 09/29/17 Pending -- -- --
08/31/2016 08/31/16 For Sale $141,900 -- $56 / 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 $937 $228,600 $35,000 $193,600
2023 $916 $111,750 $0 $0
2022 $849 $84,850 $0 $0
2021 $849 $169,700 $35,000 $134,700
2020 $849 $169,700 $35,000 $134,700
2019 $849 $169,700 $35,000 $134,700
2018 $861 $165,600 $28,000 $137,600
2017 $861 $165,600 $28,000 $137,600
2016 $861 $165,600 $28,000 $137,600
2015 $861 $165,600 $28,000 $137,600
2014 $874 $168,100 $28,000 $140,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 338357

APN: 194A17T