NOT LISTED FOR SALE

611 7th St Lynchburg, VA 24504

College Hill Neighborhood

Estimated Value: $204,000 - $283,000

-- Bed
4 Baths
3,514 Sq Ft
$67/Sq Ft Est. Value

Last Sold April 21, 2023

Last sale price $179,900 $51 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $1,413/month

241 Days on Market

Highlights

  • Wood Flooring
  • Paul Munro Elementary School Rated A-
  • Zoned Cooling

About This Home

As of April 2023

Excellent turn-key duplex with updated plumbing and electrical throughout! Both units are currently tenant-occupied with excellent tenants on a month-to-month lease and would like to stay. This Property features 2 spacious 4 bed & 2 bath units with kitchen and laundry. Sold as-is. Seller to make no repairs. Photos were taken before current tenants signed leases in 2018. Schools: Paul Munro Elementary, Linkhorne Middle, E.C. Glass High

Last Agent to Sell the Property

Travis Hill

The Real Estate Group License #0225247693 Listed on: 08/01/2022

Last Buyer's Agent

Jake Cox

Elite Realty License #0225232836

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,014

Year Built

  • Built in 1892

Lot Details

  • 8,220 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • 3,514 Sq Ft Home

Flooring

  • Wood
  • Ceramic Tile
  • Vinyl

Schools

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

Utilities

  • Zoned Cooling
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02427014

Community Details

Overview

  • 2 Units
  • College Hill Subdivision

Building Details

  • 2 Separate Water Meters
  • Insurance Expense $50
  • New Taxes Expense $715
  • Gross Income $21,600
  • Net Operating Income $20,285

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,014

Year Built

Built in 1892

Lot Details

0

Listing Details

  • FILLACRES: 0.1887
  • Directions: 5th St to R on Harrison St to L on 7th St
  • ElementarySchool7: Paul Munro Elem
  • HighSchool7: E. C. Glass High
  • Internet Providers: Verizon
  • Lot Measurement: Acres
  • Lot Sq Ft: 8220.00
  • MiddleSchool7: Linkhorne Midl
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 02427014
  • Year Built: 1892
  • Heating System: Heat Pump
  • Taxes Expense: 714.84
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: FEDERAL HILL, BLK 175
  • Reciprocal Listing: No
  • Street Number Modifier: 613
  • Flooring: Ceramic Tile, Vinyl, Wood Floors
  • Year Built Exception: 0

Garage/Parking

  • Parking: Off Street Parking

Utilities

  • Utility Electric: American Electric
  • Cooling: Heat Pump, Zoned
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric, Individual
  • Number Of Water Meters: 2

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors
  • Subdivision Complex: College Hill

Fee Information

  • Insurance Expenses: 50.00

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 3514.00

Rental Info

  • Types Of Leases: Month to Month

Tax Info

  • Estimated Taxes: 1014

Multi Family

  • Annual Gross Income: 21600.00
  • Net Operating Income: 20285.16
  • Total Number Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2022
Closed on
May 17, 2023
Sold by
Badke Kevin G
Bought by
Kmca Llc
Seller's Agent
Travis Hill
The Real Estate Group
Buyer's Agent
Jake Cox
Elite Realty
List Price
$199,950
Sold Price
$179,900
Premium/Discount to List
-$20,050
-10.03%
Views
200
Current Estimated Value
$236,814

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,914
Avg. Annual Appreciation
8.54%
Original Mortgage
$143,920
Outstanding Balance
$140,875
Interest Rate
6.73%
Mortgage Type
Credit Line Revolving
Estimated Equity
$77,402

Purchase Details

Listed on
Aug 1, 2022
Closed on
Apr 20, 2023
Sold by
Grooters Austin
Bought by
Kgb Llc
Seller's Agent
Travis Hill
The Real Estate Group
Buyer's Agent
Jake Cox
Elite Realty
List Price
$199,950
Sold Price
$179,900
Premium/Discount to List
-$20,050
-10.03%
Views
200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,920
Outstanding Balance
$140,875
Interest Rate
6.73%
Mortgage Type
Credit Line Revolving
Estimated Equity
$77,402

Purchase Details

Listed on
Aug 3, 2015
Closed on
Oct 7, 2015
Sold by
Bargoot Charles
Bought by
Grooters Austin
Seller's Agent
Linda Benoit
Century 21 ALL-SERVICE-FOR
Buyer's Agent
Courtney Brown
Elite Realty
List Price
$30,000
Sold Price
$25,000
Premium/Discount to List
-$5,000
-16.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.01%

Purchase Details

Listed on
Aug 25, 2014
Closed on
Oct 24, 2014
Sold by
Ashkor Llc
Bought by
Bargoot Charles
Seller's Agent
Peggy McCall
BHHS Dawson Ford Garbee
Buyer's Agent
Peggy McCall
BHHS Dawson Ford Garbee
List Price
$29,900
Sold Price
$26,500
Premium/Discount to List
-$3,400
-11.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-5.77%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kmca Llc -- None Listed On Document
Badke Kevin G -- None Listed On Document
Kgb Llc $179,900 Old Republic National Title
Grooters Austin $25,000 None Available
Bargoot Charles $26,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kgb Llc $143,920
Previous Owner 3In1 Llc $42,000
Previous Owner Booker Donna T $53,472
Previous Owner Booker Donna T $6,999
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2023 04/21/23 Sold $179,900 -10.0% $51 / Sq Ft
03/30/2023 03/30/23 Pending -- -- --
03/17/2023 03/17/23 For Sale $199,950 +11.1% $57 / Sq Ft
03/16/2023 03/16/23 Off Market $179,900 -- --
03/02/2023 03/02/23 For Sale $199,950 0.0% $57 / Sq Ft
02/21/2023 02/21/23 Pending -- -- --
08/01/2022 08/01/22 For Sale $199,950 +699.8% $57 / Sq Ft
10/16/2015 10/16/15 Sold $25,000 -16.7% $7 / Sq Ft
10/16/2015 10/16/15 Pending -- -- --
08/03/2015 08/03/15 For Sale $30,000 +13.2% $9 / Sq Ft
10/24/2014 10/24/14 Sold $26,500 -11.4% $8 / Sq Ft
10/20/2014 10/20/14 Pending -- -- --
08/25/2014 08/25/14 For Sale $29,900 +113.6% $9 / Sq Ft
09/20/2013 09/20/13 Sold $14,000 -47.6% $4 / Sq Ft
09/19/2013 09/19/13 Pending -- -- --
06/26/2013 06/26/13 For Sale $26,697 -- $7 / 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 $1,501 $168,700 $16,800 $151,900
2023 $1,501 $168,700 $16,800 $151,900
2022 $715 $64,400 $12,000 $52,400
2021 $715 $64,400 $12,000 $52,400
2020 $630 $56,800 $8,000 $48,800
2019 $630 $56,800 $8,000 $48,800
2018 $276 $24,900 $8,000 $16,900
2017 $276 $24,900 $8,000 $16,900
2016 $276 $24,900 $8,000 $16,900
2015 $207 $27,500 $3,000 $24,500
2014 $305 $94,300 $3,000 $91,300
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    Travis Hill

    The Real Estate Group

    Section Image

  • J

    Buyer's Agent in 2023

    Jake Cox

    Elite Realty

    (434) 544-1926

    2 in this area

    120 Total Sales

    Jake Cox
    Section Image

  • L

    Seller's Agent in 2015

    Linda Benoit

    Century 21 ALL-SERVICE-FOR

  • C

    Buyer's Agent in 2015

    Courtney Brown

    Elite Realty

    (434) 610-9913

    13 Total Sales

    Courtney Brown
    Section Image

  • P

    Seller's Agent in 2014

    Peggy McCall

    BHHS Dawson Ford Garbee

    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 339770

APN: 024-27-014

Virginia Lynchburg City County Lynchburg 24504 College Hill

611 7th St, Lynchburg, VA

This home is located at 611 7th St, Lynchburg, VA 24504 since 01 August 2022 and is currently estimated at $236,814, approximately $67 per square foot. This property was built in 1892. 611 7th 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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