NOT LISTED FOR SALE

701 N Main St Lexington, VA 24450

Estimated Value: $134,000 - $244,456

1 Bed
1 Bath
930 Sq Ft
$216/Sq Ft Est. Value

Last Sold April 27, 2021

Last sale price $115,000 $124 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $1,133/month

17 Days on Market

Highlights

  • Home fronts a creek
  • Wood Flooring
  • Fireplace
  • Harrington Waddell Elementary School Rated A
  • No HOA
  • 5-minute walk to Jordan's Point

About This Home

As of April 2021

Charming historic brick cottage (built c. 1847) walking distance to downtown Lexington offers an exceptional restoration opportunity. Situated nearly adjacent to the Virginia Military Institute and bordering the Town Branch in the rear, the property's classic facade welcomes all who enter historic downtown Lexington from the north. The main level features the living room, 1 bedroom, bathroom and kitchen. Two additional rooms are situated on either side of the stairwell on the upper level. The walkout lower level, which was likely once a separate living quarters, includes a large room with old stone fireplace.The nearly one-quarter acre lot extends behind and to the north of the house structure to the Town Branch and has exciting potential for clearing, landscaping, and gardens.

Last Agent to Sell the Property

Sarah Centorino

James Wm. Moore Real Estate Co. Listed on: 03/08/2021

Co-Listed By

Will Moore

James Wm. Moore Real Estate Co.

Last Buyer's Agent

Connie Clark

Colonna & Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $937

Year Built

  • Built in 1847

Lot Details

  • 10,454 Sq Ft Lot
  • Home fronts a creek
  • Creek or Stream
  • Historic Home

Parking

  • No Garage

Home Design

  • Brick Exterior Construction
  • Metal Roof

Interior Spaces

  • 930 Sq Ft Home
  • 1.5-Story Property
  • Ceiling Fan
  • Fireplace

Kitchen

  • Oven
  • Electric Range

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Basement

  • Walk-Out Basement
  • Interior Basement Entry

Schools

  • Waddell Elementary School
  • Lylburn Downing Middle School
  • Rockbridge Co High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Heating System Uses Gas
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Front Porch
  • Flood Zone Lot

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 18-1-10

Home Details

Home Type

Single Family

Est. Annual Taxes

$937

Year Built

Built in 1847

Lot Details

0

Listing Details

  • ConservationEsmnt: No
  • Directions: From Main and Nelson in Lexington, S on Main St. for 0.8 miles to property on right.
  • HistoricProperty: Yes
  • Listing Member Name: Sarah Hugg Centorino
  • Listing Office Short Id: 78
  • Open House Office I D: 20061211170240946497000000
  • Hoa2 Or Poa: No
  • Prop. Type: Residential/Farm
  • Selling Member Short Id: clarkc
  • Subdivision Yn: No
  • TotalFinSFApx: 930.00
  • Year Built: 1847
  • Taxes Dollars: 937.04
  • TotalAcresApx: 0.24
  • 1StFloorMstrBdrm: No
  • PorchDeckPatioPorch: Front
  • Building Style: 1 1/2 Story, Historical
  • Type of Construction: Solid Brick
  • YardSign: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Has Basement: Interior Access, Walkout
  • Full Bathrooms: 1.00
  • Updated Floor: Carpet, Vinyl, Wood
  • Entry Location: Other
  • Appliances: As Is, Electric Range, Oven, Refrigerator
  • Has Attic: None
  • Lower Floor 1 Bedrooms: 1
  • Fireplace: 1
  • FireplaceLocOther: Lower level
  • Lower Floor 1 Bedrooms: 6

Exterior Features

  • Exterior: Solid Brick
  • Exterior Features: Cable Available, Ceiling Fan(s), Creek Frontage, Porch-Front, Porch-Open
  • Road Frontage: City Street
  • Roof: Metal
  • Street: Main
  • Surface Water: Creek/Stream
  • Tax Rate: $1.06/100
  • Flood Zone: NE
  • Exterior Features: Porch

Garage/Parking

  • Garage Spaces: None

Utilities

  • Cooling: No Cooling System
  • Heating: Forced Air, Gas
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Schools

  • Elementary School: Waddell
  • High School: Rockbridge Co
  • Middle School: Lylburn Downing

Lot Info

  • Future Land Use: No
  • Zoning: Residential
  • Best Use: Investment, Residential
  • Current Use: Investment, Residential

Tax Info

  • Tax Map Number: 18-1-10
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2021
Closed on
Mar 29, 2021
Sold by
Lexington Rockbridge Properties Llc
Bought by
Clark Charles E and Clark Connie B
Seller's Agent
Sarah Centorino
James Wm. Moore Real Estate Co.
Buyer's Agent
Connie Clark
Colonna & Associates
List Price
$115,000
Sold Price
$115,000
Current Estimated Value
$201,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$86,114
Avg. Annual Appreciation
13.23%
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
Clark Charles E $115,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/27/2021 04/27/21 Sold $115,000 0.0% $124 / Sq Ft
03/25/2021 03/25/21 Pending -- -- --
03/08/2021 03/08/21 For Sale $115,000 -- $124 / Sq Ft
Source: Rockbridge Highlands 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
2025 $916 $122,900 $36,000 $86,900
2024 $916 $122,922 $36,000 $86,922
2023 $916 $122,922 $36,000 $86,922
2022 $916 $109,549 $36,000 $73,549
2021 $916 $86,418 $33,800 $52,618
2020 $916 $86,418 $33,800 $52,618
2019 $894 $86,418 $33,800 $52,618
2018 $894 $86,400 $33,800 $52,600
2017 -- $69,800 $24,800 $45,000
2016 $761 $69,800 $24,800 $45,000
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sarah Centorino

    James Wm. Moore Real Estate Co.

    (540) 460-4880

    50 in this area

    87 Total Sales

    Sarah Centorino
    Section Image
  • Will Moore

    Seller Co-Listing Agent in 2021

    Will Moore

    James Wm. Moore Real Estate Co.

    (540) 460-4602

    124 in this area

    340 Total Sales

    Will Moore
    Section Image

  • C

    Buyer's Agent in 2021

    Connie Clark

    Colonna & Associates

See All Agents

Map

Source: Rockbridge Highlands REALTORS®

MLS Number: 135813

APN: 18 1 10

Virginia Lexington City County Lexington 24450

701 N Main St, Lexington, VA

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