NOT LISTED FOR SALE

508 Madewood Rd Lynchburg, VA 24503

Woodland Neighborhood

Estimated Value: $316,000 - $396,000

5 Beds
2.5 Baths
2,137 Sq Ft
$170/Sq Ft Est. Value

Last Sold September 30, 2019

Last sale price $232,000 $109 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $2,153/month

49 Days on Market

Highlights

  • Wood Burning Stove
  • Fenced Yard
  • En-Suite Primary Bedroom
  • Wood Flooring
  • Walk-In Closet
  • 1-Story Property

About This Home

As of September 2019

Move-in ready, newly renovated home in a quiet Boonsboro neighborhood! This home has been meticulously updated in every way, including a new 30-year arch shingled roof with sleek black streamlined gutter, new vinyl siding and tilt-out windows, new exterior doors and lighting, clean landscaping, and newly constructed deck on the back of the home. Main level has newly finished hardwood floors throughout, a kitchen with an island bar, new white cabinetry, granite countertops, subway tile blacksplash, new stainless steel LG smart appliances, new lighting, and updated electrical system. The main level holds three bedrooms and a full bathroom redone with custom tiling and a waterproof floor. Downstairs is a second master with full en-suite bath and a walk-in closet. Additional features include a half bath, a family room with a wood stove fireplace, new luxury carpeting throughout, a brand new HVAC system, a partially enclosed privacy fence, and a large, level lot.

Last Agent to Sell the Property

David Johnson

Karl Miller Realty LLC License #0225219784 Listed on: 06/26/2019

Co-Listed By

Karl Miller

Mark A. Dalton & Co., Inc. License #0225094202

Last Buyer's Agent

Wendy Reddy

Reddy Real Estate, Inc. License #0225058288

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,486

Year Built

  • Built in 1970

Lot Details

  • 0.36 Acre Lot
  • Fenced Yard

Home Design

  • Split Level Home
  • Shingle Roof

Interior Spaces

  • 2,137 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Stove
  • Attic Access Panel
  • Washer and Dryer Hookup

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet

Finished Basement

  • Walk-Out Basement
  • Laundry in Basement

Outdoor Features

  • Outdoor Storage

Schools

  • Bedford Hills Elementary School
  • Linkhorne Midl Middle School
  • E. C. Glass High School

Utilities

  • Heat Pump System
  • Electric Water Heater
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,486

Year Built

Built in 1970

Lot Details

0

Listing Details

  • FILLACRES: 0.3620
  • BuildingOnProperty: Storage Building
  • Directions: Rivermont Ave to Elmwood to right on Madewood home on the left.
  • ElementarySchool7: Bedford Hills Elem
  • HighSchool7: E. C. Glass High
  • Lot Measurement: Acres
  • Lot Sq Ft: 15769.00
  • MiddleSchool7: Linkhorne Midl
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • Year Built: 1970
  • FullBathBelowGrade: 1
  • HalfBathBelowGrade: 1
  • Heating System: Heat Pump, Wood Stove
  • Building Stories: One
  • Dwelling Styles: Split Level
  • Officeden Len: 12.000
  • Officeden Wid: 10.000
  • Laundryroom Dim: 10.000 x 15.000
  • Laundryroom Len: 10.000
  • Living Room Dim: 12.000 x 14.000
  • Livingroom Len: 12.000
  • Livingroom Wid: 14.000
  • Masterbedroom Area: 156.000000
  • Master Bedroom Dim: 12.000 x 13.000
  • Masterbedroom Len: 12.000
  • Masterbedroom Wid: 13.000
  • Office Dim: 0.000 x 0.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 3.00
  • Bathrooms Display: 3 (2 1)
  • Lower Floor 1 Bedrooms: 5
  • Broker Approved: Yes
  • Legal Description: Courtney Springs SECT 1 LOT 27
  • Reciprocal Listing: No
  • Second Bedroom: 10x11 Level: Level 1 Above Grade
  • Second Bedroom Area: 110.000000
  • Third Bedroom: 9x10 Level: Level 1 Above Grade
  • Third Bedroom Area: 90.000000
  • Fourth Bedroom: 9x11 Level: Below Grade
  • Fourth Bedroom Area: 99.000000
  • Fifth Bedroom: 11x13 Level: Below Grade
  • Fifth Bedroom Area: 143.000000
  • Above Grade Finished Sq Ft: 1136.00
  • ApplianceConvey: Dishwasher, Microwave, Range-Elec, Refrigerator
  • Has Attic: Access
  • Has Basement: Finished, Walkout
  • Flooring: Carpet, Hardwood
  • Year Built Exception: 0
  • Deck: 10x12 Level: Level 1 Above Grade
  • Den: 12x10 Level:
  • Family Room: 9x19 Level: Below Grade
  • Level 1 Full Bathrooms: 1
  • Interior Amenities: Cable Available, Ceiling Fan(s), Drywall, Main Level Bedroom, Master Bed w/ Bath, Pantry, Walk-In Closet(s)
  • Dining Kitchen: 7x12 Level: Level 1 Above Grade
  • Laundry: Basement, Dryer Connection, Washer Connections
  • Laundry Room: 10x15 Level: Below Grade
  • Living Room: 12x14 Level: Level 1 Above Grade
  • Master Bedroom: 12x13 Level: Level 1 Above Grade
  • Den Area: 120.000000
  • FamilyRoom Area: 171.000000
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 84.000000
  • Laundry Room Area: 150.000000
  • LivingRoom Area: 168.000000
  • 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

  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Paved Drive, Fenced Yard

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Air Conditioner: 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: 2137.00

Tax Info

  • Estimated Taxes: 1486

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2019
Closed on
Sep 30, 2019
Sold by
Priority One Properties Llc
Bought by
Musick Andrew S
Seller's Agent
David Johnson
Karl Miller Realty LLC
Buyer's Agent
Wendy Reddy
Reddy Real Estate, Inc.
List Price
$249,900
Sold Price
$232,000
Premium/Discount to List
-$17,900
-7.16%
Current Estimated Value
$364,140

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$132,140
Avg. Annual Appreciation
6.18%
Original Mortgage
$232,000
Interest Rate
3.6%
Mortgage Type
VA

Purchase Details

Listed on
Feb 6, 2019
Closed on
Mar 7, 2019
Sold by
Branch Banking And Trust Company
Bought by
Priority One Properties Llc
Seller's Agent
Peggy McCall
BHHS Dawson Ford Garbee
Buyer's Agent
Meredith Ford
OUT OF AREA BROKER
List Price
$109,900
Sold Price
$102,900
Premium/Discount to List
-$7,000
-6.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
338.48%
Original Mortgage
$176,000
Interest Rate
4.4%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 2, 2018
Sold by
Riley Panzen R and Riley Patrick C
Bought by
Branch Banking And Trust Company
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
Musick Andrew S $232,000 None Available
Priority One Properties Llc $102,900 Old Republic Natl Ttl Ins Co
Branch Banking And Trust Company $99,952 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Musick Andrew S $232,655
Closed Musick Andrew S $232,000
Previous Owner Priority One Properties Llc $176,000
Previous Owner Riley Panzen R $105,000
Previous Owner Riley Patrick C $102,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2019 09/30/19 Sold $232,000 -7.2% $109 / Sq Ft
08/14/2019 08/14/19 Pending -- -- --
06/26/2019 06/26/19 For Sale $249,900 +142.9% $117 / Sq Ft
03/14/2019 03/14/19 Sold $102,900 -6.4% $63 / Sq Ft
02/21/2019 02/21/19 Pending -- -- --
02/06/2019 02/06/19 For Sale $109,900 -- $67 / 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 $2,217 $249,100 $35,000 $214,100
2023 $2,217 $249,100 $35,000 $214,100
2022 $2,064 $200,400 $30,000 $170,400
2021 $2,224 $200,400 $30,000 $170,400
2020 $1,682 $151,500 $30,000 $121,500
2019 $1,682 $151,500 $30,000 $121,500
2018 $1,467 $133,900 $30,000 $103,900
2017 $1,486 $133,900 $30,000 $103,900
2016 $1,449 $130,500 $30,000 $100,500
2015 $1,449 $130,500 $30,000 $100,500
2014 $1,449 $134,700 $30,000 $104,700
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2019

    Peggy McCall

    BHHS Dawson Ford Garbee

    Section Image

  • D

    Seller's Agent in 2019

    David Johnson

    Karl Miller Realty LLC

    Section Image

  • K

    Seller Co-Listing Agent in 2019

    Karl Miller

    Mark A. Dalton & Co., Inc.

  • Meredith Ford

    Buyer's Agent in 2019

    Meredith Ford

    OUT OF AREA BROKER

    (434) 385-8760

    6 in this area

    2,716 Total Sales

    Meredith Ford
    Section Image

  • W

    Buyer's Agent in 2019

    Wendy Reddy

    Reddy Real Estate, Inc.

    (434) 258-4121

    3 in this area

    110 Total Sales

    Wendy Reddy
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 319409

APN: 007-11-027

Virginia Lynchburg City County Lynchburg 24503 Woodland

508 Madewood Rd, Lynchburg, VA

This home is located at 508 Madewood Rd, Lynchburg, VA 24503 since 26 June 2019 and is currently estimated at $364,140, approximately $170 per square foot. This property was built in 1970. 508 Madewood Rd is a home located in Lynchburg City with nearby schools including Bedford Hills Elementary School, Linkhorne Middle School, and E.C. Glass High School.

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