$178,000
SOLD AUG 1, 2024

613 Monroe St Lynchburg, VA 24504

College Hill Neighborhood
-- Bed
-- Bath
2,617 Sq Ft
0.26 Acres

Recently Sold

$68 Per Sq Ft

9% Below List Price

About This Home

As of April 2025

Attention investors!!! Fully rented duplex for sale. Rents are 900/month for the downstairs unit and 1100/month for the upstairs. The duplex has new water heaters, HVACS, plumbing and electric. Come see this one for yourselves.

Last Agent to Sell the Property

Jon Gregory

Karl Miller Realty LLC License #0225241702 Listed on: 04/20/2024

Last Buyer's Agent

Jon Gregory

Karl Miller Realty LLC License #0225241702 Listed on: 04/20/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $816

Year Built

  • Built in 1845

Lot Details

  • 0.26 Acre Lot

Home Design

  • 2,617 Sq Ft Home

Flooring

  • Wood
  • Vinyl

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • The owner pays for sewer, water
  • Assessor Parcel Number 01017005

Community Details

Overview

  • College Hill Subdivision

Building Details

  • 1 Separate Water Meter
  • Net Lease
  • Gross Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$816

Year Built

Built in 1845

Lot Details

0

Listing Details

  • Directions: From main street west on 12th street to monroe street. right onto monroe. property will be on the left.
  • Internet Providers: Comcast/Xfinity
  • Days On Market: No
  • Prop. Type: Multi-Family
  • Year Built: 1845
  • Garage Yn: No
  • Property Sub-Type: Multi-Family
  • Total Gross Income: 24000.00
  • Subdivision Name: College Hill
  • Unit Info Number Unfurnished Units: 2
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Reciprocal Listing: No
  • Flooring: Vinyl, Wood Floors
  • Walls: Drywall

Utilities

  • Utility Electric: American Electric
  • Cooling: Heat Pump
  • Sewer: City
  • Water Heater: Electric, Individual
  • Heating: Heat Pump
  • 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

  • Acres: 0.2619
  • Lot Size Sq Ft: 11408.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 01017005
  • ResoLotSizeUnits: Acres

Rental Info

  • Sub Lease: No
  • Types Of Leases: 1 Year Lease
  • Owner Pays: Sewer, Water
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.000-05:00

Tax Info

  • Estimated Taxes: 816

Multi Family

  • Number Of Units Total: 2
  • Existing Lease Type: Net
  • Number Of Separate Water Meters: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 3, 2024
Closed on
Apr 7, 2025
Sold by
Banks Alice M
Bought by
Maddison Avenue Llc
Seller's Agent
Jon Gregory
Karl Miller Realty LLC
Buyer's Agent
Allison Holt
NextHome TwoFourFive
List Price
$239,000
Sold Price
$200,000
Premium/Discount to List
-$39,000
-16.32%
Total Days on Market
0
Views
90
Current Estimated Value
$203,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,245
Avg. Annual Appreciation
9.58%
Original Mortgage
$195,000
Outstanding Balance
$195,000
Interest Rate
6.63%
Mortgage Type
New Conventional
Estimated Equity
$10,376

Purchase Details

Listed on
Apr 20, 2024
Closed on
Aug 1, 2024
Sold by
Chestnut Realty Llc
Bought by
Banks Alice M
Seller's Agent
Jon Gregory
Karl Miller Realty LLC
Buyer's Agent
Jon Gregory
Karl Miller Realty LLC
List Price
$195,000
Sold Price
$178,000
Premium/Discount to List
-$17,000
-8.72%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.84%
Original Mortgage
$133,500
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 4, 2022
Sold by
Noble Holdings Llc
Bought by
Chestnut Realty Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 9, 2018
Sold by
Psa Properties Llc
Bought by
Noble Holdings Llc

Purchase Details

Closed on
Nov 16, 2016
Sold by
Stonewall Investment Properties Inc
Bought by
Psa Properties Llc

Purchase Details

Closed on
Jul 31, 2006
Sold by
N & W Properties Llc
Bought by
Stonewall Investment Properties Inc
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 Type Sale Price Title Company
Deed $200,000 Chicago Title
Bargain Sale Deed $178,000 Old Republic National Title In
Bargain Sale Deed $60,000 None Listed On Document
Bargain Sale Deed $21,500 Reliance Title & Settlement
Bargain Sale Deed $15,400 First American Title Insuran
Deed $65,000 Integrity Title & Settlement
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $195,000 New Conventional
Previous Owner $133,500 New Conventional
Previous Owner $120,000 New Conventional
Previous Owner $53,500 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/18/2025 04/18/25 Sold $200,000 -14.5% $76 / Sq Ft
03/13/2025 03/13/25 Pending -- -- --
02/04/2025 02/04/25 Price Changed $234,000 -2.1% $89 / Sq Ft
12/03/2024 12/03/24 For Sale $239,000 +34.3% $91 / Sq Ft
08/01/2024 08/01/24 Sold $178,000 -8.7% $68 / Sq Ft
04/20/2024 04/20/24 Pending -- -- --
04/20/2024 04/20/24 For Sale $195,000 -- $75 / 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 $1,116 $125,400 $16,800 $108,600
2023 $816 $68,000 $16,800 $51,200
2022 $726 $70,500 $12,000 $58,500
2021 $783 $70,500 $12,000 $58,500
2020 $743 $66,900 $12,000 $54,900
2019 $743 $66,900 $12,000 $54,900
2018 $730 $65,800 $12,000 $53,800
2017 $730 $65,800 $12,000 $53,800
2016 $730 $65,800 $12,000 $53,800
2015 $365 $62,600 $3,000 $59,600
2014 $174 $78,800 $3,000 $75,800
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2025

    Jon Gregory

    Karl Miller Realty LLC

  • A

    Buyer's Agent in 2025

    Allison Holt

    NextHome TwoFourFive

See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 351827

APN: 010-17-005

Virginia Lynchburg City County Lynchburg 24504 College Hill

613 Monroe St, Lynchburg, VA

This home is located at 613 Monroe St, Lynchburg, VA 24504 and is currently priced at $178,000, approximately $68 per square foot. This property was built in 1845. 613 Monroe St is a home located in Lynchburg City with nearby schools including Bedford Hills Elementary School, Linkhorne Middle School, and E.C. Glass High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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