NOT LISTED FOR SALE

621 Gum St Lynchburg, VA 24504

White Rock Hill Neighborhood

Estimated Value: $77,000 - $88,005

-- Bed
1 Bath
2,971 Sq Ft
$27/Sq Ft Est. Value

Last Sold August 19, 2021

Last sale price $80,000 $27 Per Sq Ft

Current estimated payment $486/month

71 Days on Market

About This Home

As of August 2021

Investors See attached appraisal on file recently completed at $105,000 as -is, instant equity!!! This income producing duplex would make a great investment property, whether you are looking for short-term or long-term investment. Currently duplex on monthly basis brings in about $2,800 per month. Tenants are month-to-month, and each tenant has been renting rooms, however if new buyer chooses, you can use both sides of duplex for rental as well. Seller had all new plumbing, new electrical, & new roof put on! Duplex recently has appraisal completed, & it appraised at $105,000, so you are walking into instant equity here!! Make this your investment property, don't wait!

Last Agent to Sell the Property

Mike Osei

Long & Foster-Forest License #0225209432 Listed on: 04/23/2021

Long & Foster-Forest

Last Buyer's Agent

Josh Sanders

Keller Williams License #0225251035

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $427

Year Built

  • Built in 1880

Lot Details

  • 4,792 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • 2,971 Sq Ft Home
  • Plaster Walls

Flooring

  • Wood
  • Vinyl

Schools

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

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 02543011

Community Details

Overview

  • 2 Units

Building Details

  • 1 Separate Water Meter
  • Gross Income $33,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$427

Year Built

Built in 1880

Lot Details

0

Listing Details

  • FILLACRES: 0.1100
  • Directions: Grace St, to Franklin St, to Vine St, to Gum, home on left.
  • ElementarySchool7: Sandusky Elem
  • HighSchool7: Heritage High
  • Internet Providers: Comcast/Xfinity
  • Lot Measurement: Acres
  • Lot Sq Ft: 4792.00
  • MiddleSchool7: Sandusky Midl
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 02543011
  • Year Built: 1880
  • Heating System: Electric Baseboard
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: DAVIS ADD, BLK D 24, PT LOT C
  • Reciprocal Listing: No
  • Street Number Modifier: 623
  • Flooring: Vinyl, Wood Floors
  • Year Built Exception: 0
  • Walls: Drywall, Plaster

Garage/Parking

  • Parking: On-Street

Utilities

  • Utility Electric: American Electric
  • Cooling: Window Unit(s)
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric
  • Number Of Water Meters: 1

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 2971.00
  • Zoning: R-3

Rental Info

  • Types Of Leases: Month to Month, No Lease Required

Tax Info

  • Estimated Taxes: 427

Multi Family

  • Annual Gross Income: 33600.00
  • Total Number Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2024
Sold by
Guzman Juvis Alexander
Bought by
Pineville Homes Llc
Current Estimated Value
$80,251

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Outstanding Balance
$63,614
Interest Rate
6.84%
Mortgage Type
Credit Line Revolving
Estimated Equity
$17,353

Purchase Details

Listed on
Apr 23, 2021
Closed on
Aug 18, 2021
Sold by
Scott Warren and Scott Terrance
Bought by
Guzman Juvis Alexander
Seller's Agent
Mike Osei
Long & Foster-Forest
Buyer's Agent
Josh Sanders
Keller Williams
List Price
$89,000
Sold Price
$80,000
Premium/Discount to List
-$9,000
-10.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.29%
Original Mortgage
$60,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 9, 2018
Closed on
Jun 12, 2018
Sold by
Phillips Rosamond Netcoitt
Bought by
Scott Warren and Scott Terrance
Seller's Agent
Wayne Phillips
Phillips Key Properties
Buyer's Agent
Ann Parker
DeWitt Real Estate & Auctions
List Price
$12,950
Sold Price
$12,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
76.34%
Original Mortgage
$9,950
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pineville Homes Llc $80,000 Old Republic National Title
Pineville Homes Llc $80,000 Old Republic National Title
Guzman Juvis Alexander $39,300 Reliance Title
Scott Warren $12,950 Absolute Title & Settlement
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pineville Homes Llc $64,000
Closed Pineville Homes Llc $64,000
Previous Owner Guzman Juvis Alexander $60,000
Previous Owner Scott Warren $9,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/19/2021 08/19/21 Sold $80,000 -10.1% $27 / Sq Ft
07/03/2021 07/03/21 Pending -- -- --
04/23/2021 04/23/21 For Sale $89,000 +587.3% $30 / Sq Ft
06/06/2018 06/06/18 Sold $12,950 0.0% $4 / Sq Ft
05/05/2018 05/05/18 Pending -- -- --
02/09/2018 02/09/18 For Sale $12,950 -- $4 / 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 $709 $79,700 $7,500 $72,200
2023 $709 $79,700 $7,500 $72,200
2022 $767 $74,500 $5,000 $69,500
2021 $827 $74,500 $5,000 $69,500
2020 $128 $11,500 $3,000 $8,500
2019 $128 $11,500 $3,000 $8,500
2018 $128 $11,500 $3,000 $8,500
2017 $128 $11,500 $3,000 $8,500
2016 $128 $11,500 $3,000 $8,500
2015 $128 $11,500 $3,000 $8,500
2014 $128 $22,500 $3,000 $19,500
Source: Public Records

Agents Affiliated with this Home

  • Mike Osei

    Seller's Agent in 2021

    Mike Osei

    Long & Foster-Forest

    (434) 444-6206

    20 in this area

    292 Total Sales

    Mike Osei
    Section Image

  • J

    Buyer's Agent in 2021

    Josh Sanders

    Keller Williams

  • W

    Seller's Agent in 2018

    Wayne Phillips

    Phillips Key Properties

    (434) 665-9889

    10 Total Sales

    Wayne Phillips
    Section Image

  • A

    Buyer's Agent in 2018

    Ann Parker

    DeWitt Real Estate & Auctions

    Section Image
See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 331079

APN: 025-43-011

Virginia Lynchburg City County Lynchburg 24504 White Rock Hill

621 Gum St, Lynchburg, VA

This home is located at 621 Gum St, Lynchburg, VA 24504 since 23 April 2021 and is currently estimated at $80,251, approximately $27 per square foot. This property was built in 1880. 621 Gum St is a home located in Lynchburg City with nearby schools including Sandusky Elementary School, Sandusky Middle School, and Heritage 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.

IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed to be reliable but not guaranteed.

Nearby Homes