577 Thomas Rd Madison Heights, VA 24572
Madison Heights Neighborhood
3
Beds
1
Bath
1,008
Sq Ft
0.41
Acres
Highlights
- Secluded Lot
- Ceiling Fan
- 1-Story Property
- Vinyl Plank Flooring
About This Home
As of January 2025Welcome to 577 Thomas Road - a recently renovated 1969 ranch just across The James River. If you're a first time home buyer or considering a relocation and you'd love to live close to Downtown Lynchburg but not pay the higher property taxes, then this could be just the place for you! This home features a new roof, a new heat pump, new stainless steel appliances, new cabinets, new quartz countertops, new luxury vinyl plank flooring, new light fixtures, new fans in every room, a new hot water heater, new railing and decking boards, a new gravel driveway, and so much more! One of the things you might love about this house is the back deck. The trees tower over you and surround the house which would make for either a near mythical spot for cookouts or for legendary conversations. It also gives you this great feeling of privacy when you're sitting there. Like Billy Mays never said but wait, there's more: there's also massive unfinished basement for storage. Schedule your tour today!
Last Agent to Sell the Property
eXp Realty LLC-Stafford License #0225259326 Listed on: 12/02/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $487
Year Built
- Built in 1969
Lot Details
- 0.41 Acre Lot
- Secluded Lot
Home Design
- Shingle Roof
Interior Spaces
- 1 Full Bathroom
- 1,008 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Vinyl Plank Flooring
- Attic Access Panel
- Washer and Dryer Hookup
Kitchen
- Electric Range
- Microwave
Basement
- Walk-Out Basement
- Laundry in Basement
Schools
- Madison Heights Elementary School
- Amherst Midl Middle School
- Amherst High School
Utilities
- Heat Pump System
- Electric Water Heater
- Septic Tank
Community Details
- Net Lease
Listing and Financial Details
- Assessor Parcel Number 155-A-180
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 2, 2024
Closed on
Jan 14, 2025
Sold by
Prime Real Estate Investments Llc
Bought by
Garner Alex Wesley and Garner Ae Mee
Seller's Agent
Drake Rufus
eXp Realty LLC-Stafford
Buyer's Agent
Chloe Cochenour
Mark A. Dalton & Co., Inc.
List Price
$199,900
Sold Price
$199,900
Views
27
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$8,204
Avg. Annual Appreciation
6.17%
Original Mortgage
$201,919
Outstanding Balance
$201,401
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$6,433
Purchase Details
Closed on
Jun 14, 2024
Sold by
Ras Trustee Services Llc
Bought by
Prime Real Estate Inv Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.02%
Mortgage Type
Seller Take Back
Similar Homes in Madison Heights, VA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $199,900 | None Listed On Document | |
| Trustee Deed | $60,400 | Old Republic Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $201,919 | New Conventional | |
| Closed | $201,919 | New Conventional | |
| Previous Owner | $188,000 | New Conventional | |
| Previous Owner | $60,000 | Seller Take Back | |
| Previous Owner | $60,000 | Construction | |
| Previous Owner | $76,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/14/2025 01/14/25 | Sold | $199,900 | 0.0% | $198 / Sq Ft |
| 12/15/2024 12/15/24 | Pending | -- | -- | -- |
| 12/02/2024 12/02/24 | For Sale | $199,900 | -- | $198 / Sq Ft |
Source: Lynchburg Association of REALTORS®
Tax History Compared to Growth
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 | $487 | $79,800 | $17,500 | $62,300 |
| 2024 | $487 | $79,800 | $17,500 | $62,300 |
| 2023 | $487 | $79,800 | $17,500 | $62,300 |
| 2022 | $487 | $79,800 | $17,500 | $62,300 |
| 2021 | $487 | $79,800 | $17,500 | $62,300 |
| 2020 | $487 | $79,800 | $17,500 | $62,300 |
| 2019 | $575 | $94,200 | $23,500 | $70,700 |
| 2018 | $575 | $94,200 | $23,500 | $70,700 |
| 2017 | $575 | $94,200 | $23,500 | $70,700 |
| 2016 | $575 | $94,200 | $23,500 | $70,700 |
| 2015 | $528 | $94,200 | $23,500 | $70,700 |
| 2014 | $528 | $94,200 | $23,500 | $70,700 |
Source: Public Records
Agents Affiliated with this Home
-
Drake Rufus
Seller's Agent in 2025
Drake Rufus
eXp Realty LLC-Stafford
(434) 544-1174
3 in this area
37 Total Sales
-
Chloe Cochenour
C
Buyer's Agent in 2025
Chloe Cochenour
Mark A. Dalton & Co., Inc.
1 in this area
8 Total Sales
Map
Source: Lynchburg Association of REALTORS®
MLS Number: 356068
APN: 155-A-180
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