NOT LISTED FOR SALE

514 Court St Lynchburg, VA 24504

Central Business District Neighborhood

Estimated Value: $408,459 - $447,000

3 Beds
2.5 Baths
1,693 Sq Ft
$251/Sq Ft Est. Value

Last Sold December 20, 2021

Last sale price $333,900 $197 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $2,695/month

89 Days on Market

Highlights

  • City View
  • 0.03 Acre Lot
  • Walk-In Closet
  • Paul Munro Elementary School Rated A-
  • Great Room
  • Laundry closet

About This Home

As of December 2021

Rare opportunity to own new construction townhouse downtown with 2-car private garage! So convenient to walk to all that downtown offers and enjoy the architectural history during your stroll on Court Street. Stunning views of downtown's cityscape from your own balcony. Townhome has an open and modern aesthetic with designer finishes - imported European cabinets (eco-friendly), honed marble, quartz and tile all come together in a fresh statement of taste you will love! Large windows offer plenty of sunshine and light. Master bedroom has wonderful city and bluff views! Extra bonus room in lower level can be home office or fitness room or storage. Townhome qualifies for the City's tax abatement program on new construction in downtown. Wow! Call for a tour and then walk to the Virginian Hotel for a gourmet meal or Mama Crockett's for a donut and coffee to celebrate your smart purchase!

Last Agent to Sell the Property

Terri Proffitt

Consensus Real Estate Service License #0225105463 Listed on: 07/29/2021

Last Buyer's Agent

Terri Proffitt

Consensus Real Estate Service License #0225105463 Listed on: 07/29/2021

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,014

Year Built

  • Home Under Construction

Lot Details

  • 1,437 Sq Ft Lot

HOA Fees

  • $159 Monthly HOA Fees

Home Design

  • Shingle Roof

Interior Spaces

  • 1,693 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Great Room
  • City Views
  • Scuttle Attic Hole

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Tile
  • Vinyl Plank

Bedrooms and Bathrooms

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

Laundry

  • Laundry closet
  • Washer and Dryer Hookup

Basement

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

Home Security

Parking

  • 2 Car Attached Garage
  • Basement Garage
  • Garage Door Opener

Schools

  • Paul Munro Elementary School
  • Linkhorne Midl Middle School
  • E. C. Glass High School

Utilities

  • Heat Pump System
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 02419020

Community Details

Overview

  • Association fees include exterior maintenance, fiber optics, grounds maintenance, road maintenance, roof, snow removal
  • Downtown Central Business Dist Subdivision

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,014

Year Built

Home Under Construction

Lot Details

0

HOA Fees

$159 per month

Listing Details

  • FILLACRES: 0.0330
  • AssocFeeOptional: Required
  • Directions: Rt29Bus to Main Street exit, left on 5th St, left on Court St
  • ElementarySchool7: Paul Munro Elem
  • HighSchool7: E. C. Glass High
  • Internet Providers: Other
  • Lot Measurement: Acres
  • Lot Sq Ft: 1437.00
  • MiddleSchool7: Linkhorne Midl
  • Days On Market: No
  • Property Subtype1: Townhouse
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 02419020
  • Year Built: 9999
  • Heating System: Heat Pump
  • Building Stories: Three Or More
  • Estimated Completion: 2021-10-31
  • Foyer Area: 65.250000
  • Laundryroom Dim: 0.000 x 0.000
  • Living Room Dim: 0.000 x 0.000
  • Masterbedroom Area: 168.000000
  • Master Bedroom Dim: 12.000 x 14.000
  • Masterbedroom Len: 12.000
  • Masterbedroom Wid: 14.000
  • Office Dim: 9.000 x 13.000
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Basement Bathrooms: 3.00
  • Bathrooms Display: 3 (2 1)
  • Lower Floor 1 Bedrooms: 3
  • Broker Approved: Yes
  • Legal Description: COURT HOUSE HILL, BLK 78, LOT 4
  • Reciprocal Listing: No
  • Second Bedroom: 12.50x9.50 Level: Level 2 Above Grade
  • Second Bedroom Area: 118.750000
  • Third Bedroom: 8.50x10.50 Level: Level 2 Above Grade
  • Third Bedroom Area: 89.250000
  • Above Grade Finished Sq Ft: 1500.00
  • ApplianceConvey: Dishwasher, Disposal, Microwave, Range-Elec, Refrigerator
  • Has Attic: Scuttle
  • Has Basement: Exterior Entrance, Full, Garage, Interior Entrance, Walkout
  • Flooring: Tile, Vinyl Plank
  • Year Built Exception: 0
  • Foyer: 14.50x4.50 Level: Level 1 Above Grade
  • Level 2 Full Bathrooms: 2
  • Great Room: 20x21.50 Level: Level 1 Above Grade
  • First Level Half Bathrooms: 1
  • Interior Amenities: Cable Available, Ceiling Fan(s), Drywall, Great Room, High Speed Data Aval, Master Bed w/ Bath, Smoke Alarm, Walk-In Closet(s)
  • Dining Kitchen: 14.50x9.50 Level: Level 1 Above Grade
  • Laundry: Dryer Connection, Laundry Closet, Washer Connections
  • Master Bedroom: 12x14 Level: Level 2 Above Grade
  • Office: 9x13 Level: Below Grade
  • Porch: 11.50x7 Level: Level 1 Above Grade
  • GreatRoom Area: 430.000000
  • Livinggreat Room Dim: 20.000 x 21.500
  • Kitchen Area: 137.750000
  • Office Area: 117.000000
  • 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

  • Lot Number: 2
  • Roof: Shingle
  • New Construction: Under Construction
  • Exterior Features: City View

Garage/Parking

  • Attached Garage: 2 Car
  • Garage Spaces: Garage Door Opener, In Basement
  • Garage Dim: 0.000 x 0.000

Utilities

  • Utility Electric: AEP/Appalachian Powr
  • Air Conditioner: Heat Pump
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Includes: Exterior Maintenance, Fiber Optics, Grounds Maintenance, Other, Road Maintenance, Roof, Snow Removal
  • HOA: Lynchburg Board of Realtors
  • Association Fee: 159.00
  • Subdivision Complex: Downtown-central Business Dist

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 1693.00
  • Zoning: B-4

Tax Info

  • Estimated Taxes: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2021
Closed on
Dec 10, 2021
Sold by
Redely Llc
Bought by
Smith Lynn G
Seller's Agent
Terri Proffitt
Consensus Real Estate Service
Buyer's Agent
Terri Proffitt
Consensus Real Estate Service
List Price
$333,900
Sold Price
$333,900
Current Estimated Value
$425,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,465
Avg. Annual Appreciation
5.39%
Original Mortgage
$267,120
Outstanding Balance
$250,170
Interest Rate
3.11%
Mortgage Type
Construction
Estimated Equity
$154,914
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
Smith Lynn G $333,900 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Lynn G $267,120
Closed Smith Lynn G $267,120
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2021 12/20/21 Sold $333,900 0.0% $197 / Sq Ft
10/26/2021 10/26/21 Pending -- -- --
07/29/2021 07/29/21 For Sale $333,900 -- $197 / 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 $2,614 $293,700 $28,400 $265,300
2023 $1,433 $293,700 $28,400 $265,300
2022 $1,658 $293,700 $28,400 $265,300
2021 $315 $28,400 $28,400 $0
2020 $315 $28,400 $28,400 $0
2019 $315 $28,400 $28,400 $0
Source: Public Records

Agents Affiliated with this Home

  • Terri Proffitt

    Seller's Agent in 2021

    Terri Proffitt

    Consensus Real Estate Service

    (434) 316-3471

    26 in this area

    37 Total Sales

    Terri Proffitt
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 333219

APN: 024-19-020

Virginia Lynchburg City County Lynchburg 24504 Central Business District

514 Court St, Lynchburg, VA

This home is located at 514 Court St, Lynchburg, VA 24504 since 29 July 2021 and is currently estimated at $425,365, approximately $251 per square foot. 514 Court St is a home located in Lynchburg City with nearby schools including Paul Munro Elementary School, Linkhorne Middle School, and E.C. Glass High School.

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