NOT LISTED FOR SALE

604 Middle St Lynchburg, VA 24502

Estimated Value: $222,000 - $1,066,980

-- Bed
1 Bath
1,145 Sq Ft
$393/Sq Ft Est. Value

Last Sold April 30, 2019

Last sale price $630,453 $551 Per Sq Ft

Est. 29% decrease in value since last sale

Current estimated payment $2,574/month

20 Days on Market

About This Home

As of April 2019

See the attached list w/all property info listed in doc box .6 single family homes & 1 brick duplex,251 Greenwood is not currently leased because seller is renovating it but it can be prior to closing & Greenwood rent is figured in income figues.5 single family homes in Madison Heights & 1 brick duplex -single family homes- 116 & 150 Wells Rd,251 Greenwood Dr & 193 Kentmoor Farm Rd,Brick duplex-367 Hilltop Dr + 2 single family homes in Lynchburg 753 Crestwood Cir & 604 Middle St. Most tenants have been there long term ,all have leases thru 12-31-2019.GAI $73,020 NOI Approx $57036 Total tax assessments $653,400.Seller also has a single family home 2600 sq ft finished (zoned commercial/business)at 3739 South Amherst Highway currently rented at 850 per month (month to month) that he will sell for $199,900 & a brick 3200 sq ft commercial building next door (vacant) that he will sell for $249,900 or both w/long Rt 29 frontage & county/water sewer available on 2.461 acres for $449,900

Last Agent to Sell the Property

Jeff Barker

RE/MAX 1st Olympic License #0204025572 Listed on: 02/25/2019

RE/MAX 1st Olympic

Last Buyer's Agent

Jeff Barker

RE/MAX 1st Olympic License #0204025572 Listed on: 02/25/2019

RE/MAX 1st Olympic

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,924

Year Built

  • Built in 1955

Lot Details

  • 1.02 Acre Lot

Home Design

  • Plaster Walls

Flooring

  • Wood
  • Vinyl

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Schools

  • Heritage Elementary School
  • Sandusky Midl Middle School
  • Heritage High School

Utilities

  • Window Unit Cooling System
  • Heat Pump System
  • Electric Baseboard Heater
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 25506015

Community Details

Overview

  • 7 Units

Building Details

  • 7 Separate Water Meters
  • Insurance Expense $560
  • Maintenance Expense $210
  • Water Sewer Expense $140
  • New Taxes Expense $577
  • Gross Income $73,020
  • Net Operating Income $57,036

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,924

Year Built

Built in 1955

Lot Details

0

Listing Details

  • FILLACRES: 1.0250
  • Directions: Timberlake Rd to Leesville Rd R on North, Right on Middle.
  • ElementarySchool7: Heritage Elem
  • HighSchool7: Heritage High
  • Lot Measurement: Acres
  • Lot Sq Ft: 44649.00
  • MiddleSchool7: Sandusky Midl
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 25506015
  • Year Built: 1955
  • Heating System: Electric Baseboard, Heat Pump
  • Unit Info Number Unfurnished Units: 7
  • Taxes Expense: 577.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: McVeigh lot 120-123
  • Reciprocal Listing: No
  • Flooring: Vinyl, Wood Floors
  • Year Built Exception: 0
  • Walls: Drywall, Plaster

Garage/Parking

  • Parking: 2 Spaces/Unit, Off Street Parking

Utilities

  • Utility Electric: American Electric
  • Cooling: Heat Pump, Window Unit(s)
  • Sewer: Septic Tank
  • Hot Water: City, County, Other
  • Water Heater: Electric
  • Number Of Water Meters: 7

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Fee Information

  • Insurance Expenses: 560.00

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Rental Info

  • Types Of Leases: 1 Year Lease

Tax Info

  • Estimated Taxes: 6924

Multi Family

  • Annual Gross Income: 73020.00
  • Maintenance Expense: 210.00
  • Net Operating Income: 57036.00
  • Total Number Units: 7
  • Water Expense: 140.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 21, 2022
Sold by
Austin Kessmann David
Bought by
Hg Properties 01 Llc
Current Estimated Value
$449,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$771,480
Outstanding Balance
$553,443
Interest Rate
3.22%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$123,328
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
Hg Properties 01 Llc $585,400 Reliance Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hg Properties 01 Llc $771,480
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2019 04/30/19 Sold $630,453 -3.0% $551 / Sq Ft
03/17/2019 03/17/19 Pending -- -- --
02/25/2019 02/25/19 For Sale $649,900 -- $568 / 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 $1,480 $166,300 $34,000 $132,300
2023 $1,480 $166,300 $34,000 $132,300
2022 $1,411 $137,000 $30,000 $107,000
2021 $1,521 $137,000 $30,000 $107,000
2020 $1,334 $120,200 $30,000 $90,200
2019 $1,334 $120,200 $30,000 $90,200
2018 $320 $115,200 $27,000 $88,200
2017 $1,279 $115,200 $27,000 $88,200
2016 $1,279 $115,200 $27,000 $88,200
2015 $320 $115,200 $27,000 $88,200
2014 $320 $119,800 $27,000 $92,800
Source: Public Records

Agents Affiliated with this Home

  • Jeff Barker

    Seller's Agent in 2019

    Jeff Barker

    RE/MAX

    (434) 610-6789

    82 Total Sales

    Jeff Barker
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 316871

APN: 255-06-015

Virginia Lynchburg City County Lynchburg 24502

604 Middle St, Lynchburg, VA

This home is located at 604 Middle St, Lynchburg, VA 24502 since 25 February 2019 and is currently estimated at $449,995, approximately $393 per square foot. This property was built in 1955. 604 Middle St is a home located in Lynchburg City with nearby schools including Heritage Elementary School, Sandusky Middle School, and Heritage High School.

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