$319,900
SOLD DEC 23, 2024

518 Elmwood Ave Lynchburg, VA 24503

Woodland Neighborhood
4 Beds
3 Baths
2,461 Sq Ft
0.52 Acres

Recently Sold

$130 Per Sq Ft

6% Below List Price

28 Days on Market

Highlights

  • 0.52 Acre Lot
  • Wood Flooring
  • Workshop
  • Multiple Fireplaces
  • Great Room
  • Tennis Courts

About This Home

As of December 2024

Miantenance free, move in ready! Located minutes from Blackwater Trail, Randolph College, Hospitals, and shopping. 1500+ sq ft on the main floor. Open in design, kitchen opens to the great room and a 19X15 addition with skylights and a second stone FP (gas) and access to a second deck. The kitchen offers granite countertops, breakfast bar, plenty of cabinets, and access to a 12x12 deck. Additional features and upgrades include replacement windows, efficient gas furnace, central air unit, updated master bathroom, finished lower level with full bath, family room, and a third fireplace (gas) The exterior features Trex decking and no maintenance rails on the front porch, a paved two car driveway, and K-guard style gutters (no more cleaning gutters). Workbench and additional storage space in the unfinished portion of the basement.

Last Agent to Sell the Property

Wendy Reddy

Reddy Real Estate, Inc. License #0225058288 Listed on: 10/27/2024

Last Buyer's Agent

Meredith Ford

OUT OF AREA BROKER

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,817

Year Built

  • Built in 1995

Lot Details

  • 0.52 Acre Lot
  • Landscaped
  • Garden
  • Property is zoned R-2

Parking

  • Off-Street Parking

Home Design

  • Poured Concrete
  • Shingle Roof

Interior Spaces

  • 2,461 Sq Ft Home
  • 1-Story Property
  • Wired For Sound
  • Ceiling Fan
  • Skylights
  • Multiple Fireplaces
  • Great Room
  • Formal Dining Room
  • Workshop
  • Attic Access Panel
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • Bathtub Includes Tile Surround

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Fireplace in Basement
  • Workshop
  • Laundry in Basement

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Underground Utilities
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Handicap Shower
  • Outdoor Storage

Listing and Financial Details

  • Assessor Parcel Number 00711048

Community Details

Recreation

  • Tennis Courts

Additional Features

  • Randolph College Area Subdivision
  • Net Lease

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,817

Year Built

Built in 1995

Lot Details

0

Listing Details

  • BuildingOnProperty: Storage Building
  • Directions: Rivermont to Elmwood; House is on the left
  • Internet Providers: Comcast/Xfinity, GLO Fiber, Verizon
  • Days On Market: No
  • Prop. Type: Residential
  • Year Built: 1995
  • FullBathBelowGrade: 1
  • Garage Yn: No
  • Property Sub-Type: Single Family Residence
  • Subdivision Name: Randolph College Area
  • Above Grade Finished Sq Ft: 1526.00
  • Reso Accessibility Features: Shower
  • Architectural Style: Ranch
  • Laundryroom Dim: 0.000 x 0.000
  • Office Dim: 0.000 x 0.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 3.00
  • Bathrooms Display: 3 (3 0)
  • Broker Approved: Yes
  • Reciprocal Listing: No
  • Has Attic: Access
  • Has Basement: Exterior Entrance, Finished, Fireplace, Full, Heated, Interior Entrance, Poured Concrete, Walkout, Workshop
  • Flooring: Carpet, Ceramic Tile, Wood
  • Deck: 12x12 Level: Level 1 Above Grade
  • Family Room: 24x14 Level: Below Grade
  • Formal Dining: 19x15 Level: Level 1 Above Grade
  • Level 1 Full Bathrooms: 2
  • Great Room: 17x18 Level: Level 1 Above Grade
  • Interior Amenities: Cable Available, Cable Connections, Ceiling Fan(s), Drywall, Great Room, High Speed Data Aval, Main Level Bedroom, Primary Bed w/Bath, Multi Media Wired, Pantry, Rods, Separate Dining Room, Skylights, Smoke Alarm, Tile Bath(s), Workshop
  • Dining Kitchen: 14x18 Level: Level 1 Above Grade
  • Laundry: Basement, Dryer Connection, Washer Connections
  • Master Bedroom: 13x12 Level: Level 1 Above Grade
  • Appliances: Dishwasher, Microwave, Range-Elec, Self Cleaning Oven
  • Fireplace: 3 Fireplaces, Great Room, Other
  • Stories: One
  • Third Bedroom: 12x11 Level: Level 1 Above Grade
  • Fourth Bedroom: 14x10 Level: Below Grade
  • Second Bedroom: 13x12 Level: Level 1 Above Grade
  • Room Family Room Area: 336.000000
  • Room Bedroom3 Area: 132.000000
  • Room Master Bedroom Area: 156.000000
  • Room Bedroom4 Area: 140.000000
  • GreatRoom Area: 306.000000
  • Room Kitchen Area: 252.000000
  • Room Bedroom2 Area: 156.000000
  • MasterBedroomDimensions Dim: 13.000 x 12.000
  • Kitchen Dim: 14.000 x 18.000
  • Sunroom Dim: 0.000 x 0.000
  • Master Bedroom Master Bedroom Width: 12.000

Exterior Features

  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Deck, Off-Street Parking, Porch, Front Porch, Paved Drive, Garden Space, Landscaped, Insulated Glass, Tennis Courts Nearby, Undergrnd Utilities

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Utility Electric: AEP/Appalachian Powr
  • Cooling: Central Electric
  • Sewer: City
  • Water Heater: Electric
  • Heating: Forced Warm Air-Gas
  • Water Source: City

Schools

  • Elementary School: Bedford Hills Elem
  • High School: E. C. Glass High
  • Middle School: Linkhorne Midl
  • Junior High Dist: Lynchburg

Lot Info

  • Zoning: R-2
  • Acres: 0.5170
  • Lot Size Sq Ft: 22521.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 00711048
  • ResoLotSizeUnits: Acres

Rental Info

  • Sub Lease: No
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00

Tax Info

  • Estimated Taxes: 1817

Multi Family

  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2024
Closed on
Dec 18, 2024
Sold by
518 Elmwood Ave Llc
Bought by
Stone Robert Caleb and Stone Angela Christine
Seller's Agent
Wendy Reddy
Reddy Real Estate, Inc.
Buyer's Agent
Meredith Ford
OUT OF AREA BROKER
List Price
$339,900
Sold Price
$319,900
Premium/Discount to List
-$20,000
-5.88%
Views
53
Current Estimated Value
$326,540

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,640
Avg. Annual Appreciation
-0.61%
Original Mortgage
$303,905
Outstanding Balance
$303,122
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$15,520
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $319,900 Old Republic National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $303,905 New Conventional
Previous Owner $50,000 Credit Line Revolving
Previous Owner $75,500 New Conventional
Previous Owner $40,000 Credit Line Revolving
Previous Owner $19,366 Unknown
Previous Owner $48,500 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2024 12/23/24 Sold $319,900 0.0% $130 / Sq Ft
11/24/2024 11/24/24 Pending -- -- --
11/19/2024 11/19/24 Price Changed $319,900 -5.9% $130 / Sq Ft
10/27/2024 10/27/24 For Sale $339,900 +17.2% $138 / Sq Ft
05/06/2022 05/06/22 Sold $289,900 0.0% $118 / Sq Ft
04/14/2022 04/14/22 Pending -- -- --
04/13/2022 04/13/22 For Sale $289,900 -- $118 / 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 $2,518 $282,900 $42,000 $240,900
2023 $2,518 $282,900 $42,000 $240,900
2022 $2,381 $231,200 $30,000 $201,200
2021 $1,998 $180,000 $30,000 $150,000
2020 $1,817 $163,700 $30,000 $133,700
2019 $1,817 $163,700 $30,000 $133,700
2018 $1,771 $160,000 $30,000 $130,000
2017 $1,776 $160,000 $30,000 $130,000
2016 $1,766 $159,100 $30,000 $129,100
2015 $1,766 $159,100 $30,000 $129,100
2014 $1,766 $164,200 $30,000 $134,200
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2024

    Wendy Reddy

    Reddy Real Estate, Inc.

    (434) 258-4121

    3 in this area

    111 Total Sales

    Section Image
  • Meredith Ford

    Buyer's Agent in 2024

    Meredith Ford

    OUT OF AREA BROKER

    (434) 385-8760

    6 in this area

    2,704 Total Sales

    Section Image
See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 355447

APN: 007-11-048

Virginia Lynchburg City County Lynchburg 24503 Woodland

518 Elmwood Ave, Lynchburg, VA

This home is located at 518 Elmwood Ave, Lynchburg, VA 24503 and is currently priced at $319,900, approximately $129 per square foot. This property was built in 1995. 518 Elmwood Ave 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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