Seller's Agent in 2015
Bob Sherman
RE/MAX
(434) 258-2233
8 Total Sales
600 5th St Lynchburg, VA 24504
College Hill NeighborhoodEstimated Value: $340,108
5
Beds
5
Baths
5,382
Sq Ft
$63/Sq Ft
Est. Value
Highlights
- Fireplace in Primary Bedroom
- Wood Flooring
- Workshop
- Paul Munro Elementary School Rated A-
- Main Floor Bedroom
- Formal Dining Room
About This Home
As of October 2015Former Western Hotel/Joseph Nichols Tavern***CIRCA 1815***Much restoration has been done, As early as 1815, the brick, Federal-style structure known today as the Western Hotel, was a thriving ordinary or inn, near an extension of the old Ferry Road. Then called Joseph Nichols Tavern was easily accessible to the travelers, merchants and traders arriving in Lynchburg from across the James River. Inside, a weary traveler could get a hearty meal, forage for his horse, and a night's lodging. The Western Hotel served as a hotel, a brothel, a rooming house, apartments and was restored in 1975. Newer $50,000 metal roof. Zoned B-6 (Riverfront Business). Loaded with charm and lots of character. Huge rooms, tall windows, two staircases,wonderful pine floor, wood deck overlooks beautiful landscaped garden. Could be Grand Residence, Bed & Breakfast, Offices, Antique Store, apartments, Restaurant/Tavern, etc. Seller will hold financing with 20% down for 5 years. PROPERTY SOLD IN AS-IS CONDITION.
Last Agent to Sell the Property
RE/MAX 1st Olympic License #0225062317 Listed on: 03/02/2015
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,317
Year Built
- Built in 1815
Lot Details
- 5,968 Sq Ft Lot
- Fenced Yard
- Landscaped
- Garden
- Property is zoned B-6
Home Design
- Metal Roof
Interior Spaces
- 5,382 Sq Ft Home
- 2-Story Property
- Multiple Fireplaces
- Wood Burning Fireplace
- Great Room with Fireplace
- Living Room with Fireplace
- Formal Dining Room
- Attic Access Panel
Flooring
- Wood
- Pine Flooring
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Main Floor Bedroom
- Fireplace in Primary Bedroom
- En-Suite Primary Bedroom
- Bathtub Includes Tile Surround
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Partial Basement
- Exterior Basement Entry
- Fireplace in Basement
- Workshop
- Crawl Space
Schools
- Paul Munro Elementary School
- Linkhorne Midl Middle School
- E. C. Glass High School
Utilities
- Forced Air Zoned Heating System
- Heat Pump System
- Electric Water Heater
Community Details
- Federal Hill Subdivision
Listing and Financial Details
- Assessor Parcel Number 02422006
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Oct 11, 2023
Sold by
Lee Ronald H
Bought by
Lompa Ernest and Lompa Nancy
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$242,000
Outstanding Balance
$238,373
Interest Rate
7.18%
Mortgage Type
Credit Line Revolving
Estimated Equity
$84,745
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lompa Ernest | $302,500 | Advantage Title & Closing |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lompa Ernest | $242,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/14/2015 10/14/15 | Sold | $159,000 | -20.5% | $30 / Sq Ft |
| 08/31/2015 08/31/15 | Pending | -- | -- | -- |
| 03/02/2015 03/02/15 | For Sale | $199,900 | -- | $37 / 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 |
|---|---|---|---|---|
| 2024 | $2,893 | $325,000 | $81,700 | $243,300 |
| 2023 | $2,132 | $325,000 | $81,700 | $243,300 |
| 2022 | $2,726 | $350,200 | $65,300 | $284,900 |
| 2021 | $3,887 | $350,200 | $65,300 | $284,900 |
| 2020 | $1,970 | $263,000 | $37,500 | $225,500 |
| 2019 | $1,970 | $263,000 | $37,500 | $225,500 |
| 2018 | $1,821 | $240,500 | $15,000 | $225,500 |
| 2017 | $1,721 | $155,000 | $15,000 | $140,000 |
| 2016 | $1,721 | $208,800 | $15,000 | $193,800 |
| 2015 | $2,020 | $208,800 | $15,000 | $193,800 |
| 2014 | $2,318 | $199,300 | $15,000 | $184,300 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Lynchburg Association of REALTORS®
MLS Number: 290282
APN: 024-22-006
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