NOT LISTED FOR SALE

509 South St Bedford, VA 24523

Estimated Value: $118,000 - $233,590

4 Beds
2 Baths
2,662 Sq Ft
$62/Sq Ft Est. Value

Last Sold May 30, 2024

Last sale price $110,000 $41 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $931/month

93 Days on Market

Highlights

  • Multiple Fireplaces
  • Main Floor Bedroom
  • Formal Dining Room
  • Wood Flooring
  • Workshop
  • Fenced Yard

About This Home

As of May 2024

Victorian style home ready to renovate and bring back to its original beauty! Spacious two story home with 4 bedrooms and 2 full baths. Perfect for a large family. Hardwood floors throughout and features many unique design elements with original architectural details. The home sits on a large, almost half acre fenced lot in the Town of Bedford. The property has so much potential and is conveniently located and close to dining and shopping. The home will need extensive renovation. Use the address 514 Otey St in your GPS and park behind home. The foundation and crawl space have been inspected and are determined to be in good condition. There is a possibility of an additional bedroom on the upper level if the laundry room is moved to the main level. Sold As-Is.

Last Agent to Sell the Property

Denise Lyons

Century 21 ALL-SERVICE-BED License #0225232710 Listed on: 02/02/2024

Century 21 ALL-SERVICE-BED

Last Buyer's Agent

Danny Goad

Red Key Realty Inc License #0225234205

Red Key Realty Inc

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $665

Year Built

  • Built in 1927

Lot Details

  • 0.46 Acre Lot
  • Fenced Yard
  • Property is zoned R1A

Parking

  • 2 Carport Spaces

Home Design

  • Metal Roof

Interior Spaces

  • 2,662 Sq Ft Home
  • 2-Story Property
  • Multiple Fireplaces
  • Wood Burning Fireplace
  • Formal Dining Room
  • Workshop
  • Crawl Space
  • Attic Access Panel
  • Electric Range

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • Main Floor Bedroom

Laundry

  • Laundry Room
  • Laundry on upper level

Schools

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

Utilities

  • No Cooling
  • Baseboard Heating
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Net Lease

Listing and Financial Details

  • Assessor Parcel Number 214-12-A

Home Details

Home Type

Single Family

Est. Annual Taxes

$665

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Directions: Use 514 Otey St on your GPS. This takes you to the back of the home. From E Main St, L on Otey St, property on right.
  • Internet Providers: Comcast/Xfinity, Shentel, Verizon
  • Days On Market: No
  • Prop. Type: Residential
  • Year Built: 1927
  • Garage Yn: No
  • Property Sub-Type: Single Family Residence
  • Above Grade Finished Sq Ft: 2662.00
  • Architectural Style: Two Story
  • Laundryroom Dim: 11.000 x 14.000
  • Office Dim: 0.000 x 0.000
  • Laundryroom Len: 11.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 2.00
  • Bathrooms Display: 2 (2 0)
  • Broker Approved: Yes
  • Reciprocal Listing: No
  • Has Attic: Access
  • Has Basement: Crawl Space
  • Flooring: Hardwood, Vinyl
  • Family Room: 14x14 Level: Level 1 Above Grade
  • Formal Dining: 13x15 Level: Level 1 Above Grade
  • Level 1 Full Bathrooms: 1
  • Level 2 Full Bathrooms: 1
  • Interior Amenities: Cable Available, Main Level Bedroom, Separate Dining Room, Workshop
  • Dining Kitchen: 12x14 Level: Level 1 Above Grade
  • Laundry: Laundry Room, Second Floor
  • Laundry Room: 11x14 Level: Level 1 Above Grade
  • Master Bedroom: 14x15 Level: Level 1 Above Grade
  • Appliances: Range-Elec
  • Fireplace: 3 Fireplaces, Wood Burning
  • Stories: Two
  • Third Bedroom: 13x15 Level: Level 2 Above Grade
  • Fourth Bedroom: 14x15 Level: Level 2 Above Grade
  • Second Bedroom: 13x14 Level: Level 2 Above Grade
  • Room Family Room Area: 196.000000
  • Room Bedroom3 Area: 195.000000
  • Room Master Bedroom Area: 210.000000
  • Room Bedroom4 Area: 210.000000
  • Room Kitchen Area: 168.000000
  • Room Bedroom2 Area: 182.000000
  • MasterBedroomDimensions Dim: 14.000 x 15.000
  • Kitchen Dim: 12.000 x 14.000
  • Sunroom Dim: 0.000 x 0.000
  • Master Bedroom Master Bedroom Width: 15.000

Exterior Features

  • Roof: Metal
  • New Construction: Completed
  • Exterior Features: Fenced Yard

Garage/Parking

  • CarportParking: 2 Car
  • Garage Dim: 0.000 x 0.000

Utilities

  • Utility Electric: Town of Bedford
  • Cooling: None
  • Sewer: City
  • Water Heater: Electric
  • Heating: Electric Baseboard
  • Water Source: City

Schools

  • Elementary School: Bedford Elem
  • High School: Liberty High
  • Middle School: Liberty Midl
  • Junior High Dist: Bedford

Lot Info

  • Zoning: R1A
  • Acres: 0.4600
  • Lot Size Sq Ft: 20038.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 214-12-A
  • ResoLotSizeUnits: Acres

Rental Info

  • Sub Lease: No
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.001-05:00

Tax Info

  • Estimated Taxes: 665

Multi Family

  • Existing Lease Type: Net

MLS Schools

  • Primary School: Bedford Primary

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2024
Closed on
May 24, 2024
Sold by
Rosewall Kim L
Bought by
Hopsicker Bradley N and Hopsicker Daniel F
Seller's Agent
Denise Lyons
Century 21 ALL-SERVICE-BED
Buyer's Agent
Danny Goad
Red Key Realty Inc
List Price
$125,000
Sold Price
$110,000
Premium/Discount to List
-$15,000
-12%
Views
605
Current Estimated Value
$166,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,148
Avg. Annual Appreciation
39.17%

Purchase Details

Listed on
Jan 16, 2023
Closed on
Jul 13, 2023
Sold by
Kuster Joseph G and Kuster Naomi I
Bought by
Rosewall Kim L
Seller's Agent
David Johnson
Karl Miller Realty LLC
Buyer's Agent
Meredith Ford
OUT OF AREA BROKER
List Price
$70,000
Sold Price
$63,000
Premium/Discount to List
-$7,000
-10%
Views
695

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
89.77%
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
Hopsicker Bradley N $110,000 First Choice Title & Settlemen
Rosewall Kim L $63,000 Old Republic National Title
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2024 05/30/24 Sold $110,000 -12.0% $41 / Sq Ft
05/05/2024 05/05/24 Pending -- -- --
04/22/2024 04/22/24 For Sale $125,000 0.0% $47 / Sq Ft
04/08/2024 04/08/24 Pending -- -- --
03/07/2024 03/07/24 Price Changed $125,000 -3.8% $47 / Sq Ft
02/03/2024 02/03/24 For Sale $130,000 0.0% $49 / Sq Ft
02/02/2024 02/02/24 Pending -- -- --
02/02/2024 02/02/24 For Sale $130,000 +106.3% $49 / Sq Ft
07/17/2023 07/17/23 Sold $63,000 -10.0% $24 / Sq Ft
06/21/2023 06/21/23 Pending -- -- --
05/30/2023 05/30/23 For Sale $70,000 0.0% $26 / Sq Ft
02/11/2023 02/11/23 Pending -- -- --
01/16/2023 01/16/23 For Sale $70,000 -- $26 / 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
2025 $332 $80,900 $28,000 $52,900
2024 $332 $80,900 $28,000 $52,900
2023 $332 $40,450 $0 $0
2022 $352 $35,200 $0 $0
2021 $352 $70,400 $22,000 $48,400
2020 $352 $70,400 $22,000 $48,400
2019 $352 $70,400 $22,000 $48,400
2018 $444 $85,400 $20,000 $65,400
2017 $444 $85,400 $20,000 $65,400
2016 $444 $85,400 $20,000 $65,400
2015 $444 $85,400 $20,000 $65,400
2014 $465 $89,400 $20,000 $69,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 350244

APN: 214-12-A-T