NOT LISTED FOR SALE

6221 Old Mill Rd Lynchburg, VA 24502

Estimated Value: $418,000 - $609,390

11 Acres
$50,075 Price per Acre
460,865 Sq Ft Lot

Last Sold December 17, 2019

Last sale price $375,000 $1 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $3,173/month

557 Days on Market

About This Lot

As of December 2019

Great Multi-Family site in Lynchburg. Site has easy access to Rt. 460 and Rt. 501 as well as Timberlake Rd., Graves Mill Rd., and Fort Ave. Property lays well with public water & sewer available. 1300' of road frontage on Old Mill Rd. Property is zoned R-4 which permits 21.78 units per acre.

Last Agent to Sell the Property

Luke Dykeman

Coldwell Banker Commercial Rea License #0225219360 Listed on: 05/18/2018

Coldwell Banker Commercial Rea

Last Buyer's Agent

Luke Dykeman

Coldwell Banker Commercial Rea License #0225219360 Listed on: 05/18/2018

Coldwell Banker Commercial Rea

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,155

Lot Details

  • 10.58 Acre Lot
  • Property is zoned R-4

Schools

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

Listing and Financial Details

  • Assessor Parcel Number 23804001

Property Details

Property Type

Land

Est. Annual Taxes

$2,155

Lot Details

0

Listing Details

  • FILLACRES: 10.5800
  • Directions: Located just off of Graves Mill Road adjacent to the Elks Lodge and across the road from Old Mill Townhomes.
  • ElementarySchool7: Sheffield Elem
  • HighSchool7: Heritage High
  • Lot Measurement: Acres
  • Lot Sq Ft: 460865.00
  • MiddleSchool7: Sandusky Midl
  • Days On Market: No
  • Property Subtype1: Unimproved Land
  • Prop. Type: Land
  • Restrictions: None
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 23804001
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Disability Access: Rd Frnt State Paved
  • Bathrooms Display: 0 (0 0)
  • Broker Approved: Yes
  • Legal Description: Terrell Pl
  • Reciprocal Listing: No

Exterior Features

  • Road Frontage: 1300.00

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Zoning: R-4

Tax Info

  • Estimated Taxes: 2155

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 18, 2018
Closed on
Jan 23, 2020
Sold by
Mayer Frederick W
Bought by
Bef Land Co Llc
Seller's Agent
Luke Dykeman
Coldwell Banker Commercial Rea
Buyer's Agent
Luke Dykeman
Coldwell Banker Commercial Rea
List Price
$450,000
Sold Price
$375,000
Premium/Discount to List
-$75,000
-16.67%
Current Estimated Value
$529,797

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,797
Avg. Annual Appreciation
6.24%

Purchase Details

Listed on
May 18, 2018
Closed on
Dec 12, 2019
Sold by
Mayer Barbara B and Dixon Janice B
Bought by
Bef Land Co Llc
Seller's Agent
Luke Dykeman
Coldwell Banker Commercial Rea
Buyer's Agent
Luke Dykeman
Coldwell Banker Commercial Rea
List Price
$450,000
Sold Price
$375,000
Premium/Discount to List
-$75,000
-16.67%

Purchase Details

Closed on
Sep 11, 2019
Sold by
Mayer Frederick W and Mayer Barbara B
Bought by
Mayer Trust

Purchase Details

Closed on
Aug 9, 2018
Sold by
Mayer Barbara B and Dixon Janice B
Bought by
Mayer Barbara B and Dixon Janice B

Purchase Details

Closed on
Jan 4, 2008
Sold by
Bowman Hallie S and Mayer Barbara B
Bought by
Bowman Hallie S and Hallie S Bowman Revocable Living Trust
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
Bef Land Co Llc -- Acquistition Title
Bef Land Co Llc $375,000 Acquisition Title
Mayer Trust -- None Available
Mayer Barbara B -- None Available
Bowman Hallie S -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2019 12/17/19 Sold $375,000 -16.7% $1 / Sq Ft
11/26/2019 11/26/19 Pending -- -- --
05/18/2018 05/18/18 For Sale $450,000 -- $1 / 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 $3,274 $367,900 $367,900 $0
2023 $3,274 $367,900 $367,900 $0
2022 $3,789 $367,900 $367,900 $0
2021 $4,084 $367,900 $367,900 $0
2020 $2,918 $262,900 $262,900 $0
2019 $2,918 $262,900 $262,900 $0
2018 $1,410 $254,100 $254,100 $0
2017 $2,821 $254,100 $254,100 $0
2016 $2,116 $190,600 $190,600 $0
2015 $1,058 $158,800 $158,800 $0
2014 $441 $158,800 $158,800 $0
Source: Public Records

Agents Affiliated with this Home

  • Luke Dykeman

    Seller's Agent in 2019

    Luke Dykeman

    Coldwell Banker Commercial Rea

    (434) 455-2285

    19 Total Sales

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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 311978

APN: 238-04-001

Virginia Lynchburg City County Lynchburg 24502

6221 Old Mill Rd, Lynchburg, VA

This home is located at 6221 Old Mill Rd, Lynchburg, VA 24502 since 18 May 2018 and is currently estimated at $529,797, approximately $1 per square foot. 6221 Old Mill Rd is a home located in Lynchburg City with nearby schools including Sheffield Elementary School, Sandusky Middle School, and Heritage High School.

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