NOT LISTED FOR SALE

701 Polk St Lynchburg, VA 24504

College Hill Neighborhood

Estimated Value: $85,000 - $101,000

2 Beds
1 Bath
1,015 Sq Ft
$90/Sq Ft Est. Value

Last Sold February 16, 2021

Last sale price $54,500 $54 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $543/month

8 Days on Market

Highlights

  • Ranch Style House
  • Wood Flooring
  • Storm Windows
  • Paul Munro Elementary School Rated A-
  • Fenced Yard
  • Electric Baseboard Heater

About This Home

As of February 2021

This 2BR home sits on a corner lot and offers a nice fenced yard. The windows, roof and siding have all been replaced in the last five years. The home is currently being used as a rental property. Current tenant pays $500.00 per month. Great investment opportunity! Home can also be purchased as a package deal with MLS #'s 328849, 328851, 328854 & 328855.

Last Agent to Sell the Property

Stacy Powell

Keller Williams License #0225225057 Listed on: 12/23/2020

Keller Williams

Last Buyer's Agent

Gregory Bentz

Keller Williams License #0225244209

Keller Williams

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $482

Year Built

  • Built in 1941

Lot Details

  • 4,138 Sq Ft Lot
  • Fenced Yard
  • Property is zoned R-3

Home Design

  • Ranch Style House
  • Shingle Roof

Interior Spaces

  • 1,015 Sq Ft Home
  • Gas Log Fireplace
  • Living Room with Fireplace
  • Attic Access Panel

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Apartment Living Space in Basement

Home Security

  • Storm Windows
  • Storm Doors

Schools

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

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater
  • Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 01012001

Home Details

Home Type

Single Family

Est. Annual Taxes

$482

Year Built

Built in 1941

Lot Details

0

Listing Details

  • FILLACRES: 0.0950
  • Directions: Park Avenue to 7th Street to home on corner of Polk and 7th Street.
  • ElementarySchool7: Paul Munro Elem
  • HighSchool7: E. C. Glass High
  • Lot Measurement: Acres
  • Lot Sq Ft: 4138.00
  • MiddleSchool7: Linkhorne Midl
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 01012001
  • Year Built: 1941
  • Heating System: Electric Baseboard
  • Building Stories: One
  • Dwelling Styles: Ranch
  • Laundryroom Dim: 0.000 x 0.000
  • Living Room Dim: 15.000 x 12.000
  • Livingroom Len: 15.000
  • Livingroom Wid: 12.000
  • Masterbedroom Area: 156.000000
  • Master Bedroom Dim: 13.000 x 12.000
  • Masterbedroom Len: 13.000
  • Masterbedroom Wid: 12.000
  • Office Dim: 0.000 x 0.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 1.00
  • Bathrooms Display: 1 (1 0)
  • Lower Floor 1 Bedrooms: 2
  • Broker Approved: Yes
  • Legal Description: COLLEGE HILL, BLK 333
  • Reciprocal Listing: No
  • Second Bedroom: 12x12 Level: Level 1 Above Grade
  • Second Bedroom Area: 144.000000
  • Above Grade Finished Sq Ft: 1015.00
  • ApplianceConvey: Other
  • Has Attic: Access
  • Has Basement: Apartment, Exterior Entrance, Full, Interior Entrance, Walkout
  • Flooring: Hardwood, Vinyl
  • Year Built Exception: 0
  • Fireplace: 1 Fireplace, Gas Log, Living Room
  • Level 1 Full Bathrooms: 1
  • Interior Amenities: Cable Available, Main Level Bedroom
  • Dining Kitchen: 12x12 Level: Level 1 Above Grade
  • Laundry: Dryer Connection, Main Level, Washer Connections
  • Living Room: 15x12 Level: Level 1 Above Grade
  • Master Bedroom: 13x12 Level: Level 1 Above Grade
  • Porch: 30x5 Level: Level 1 Above Grade
  • Screened Porch: 8x8 Level: Level 1 Above Grade
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 144.000000
  • LivingRoom Area: 180.000000
  • Est Other Room1 Dim: 0.000 x 0.000
  • Est Other Room2 Dim: 0.000 x 0.000
  • Est Other Room3 Dim: 0.000 x 0.000
  • Rec Room Dim: 0.000 x 0.000
  • Sunroom Dim: 0.000 x 0.000

Exterior Features

  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Fenced Yard, Storm Windows, Storm Doors

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Air Conditioner: Window Unit(s)
  • Sewer: City
  • Hot Water: City
  • Water Heater: Gas

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 1015.00
  • Zoning: R-3

Tax Info

  • Estimated Taxes: 482

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 23, 2020
Closed on
Feb 12, 2021
Sold by
Reedy Creek Properties Inc
Bought by
Nlr Reality Llc
Seller's Agent
Stacy Powell
Keller Williams
Buyer's Agent
Gregory Bentz
Keller Williams
List Price
$60,000
Sold Price
$54,500
Premium/Discount to List
-$5,500
-9.17%
Current Estimated Value
$90,955

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,455
Avg. Annual Appreciation
11.70%
Original Mortgage
$43,600
Outstanding Balance
$39,438
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$50,632

Purchase Details

Listed on
Nov 22, 2017
Closed on
Jul 9, 2018
Sold by
Lee Madeline G
Bought by
Reedy Creek Properties Llc
Seller's Agent
Mike Osei
Long & Foster-Forest
Buyer's Agent
Stacy Powell
Keller Williams
List Price
$60,000
Sold Price
$45,000
Premium/Discount to List
-$15,000
-25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.61%
Original Mortgage
$36,000
Interest Rate
4.6%
Mortgage Type
Credit Line Revolving
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
Nlr Reality Llc $54,500 Old Republic National Title
Reedy Creek Properties Llc $95,000 Advantage Title & Closing Ll
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nlr Reality Llc $43,600
Previous Owner Reedy Creek Properties Llc $36,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2021 02/16/21 Sold $54,500 -9.2% $54 / Sq Ft
12/31/2020 12/31/20 Pending -- -- --
12/23/2020 12/23/20 For Sale $60,000 +33.3% $59 / Sq Ft
07/10/2018 07/10/18 Sold $45,000 -25.0% $44 / Sq Ft
06/01/2018 06/01/18 Pending -- -- --
11/22/2017 11/22/17 For Sale $60,000 -- $59 / 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 $576 $64,700 $14,000 $50,700
2023 $576 $64,700 $14,000 $50,700
2022 $526 $51,100 $10,000 $41,100
2021 $142 $51,100 $10,000 $41,100
2020 $482 $43,400 $8,000 $35,400
2019 $482 $43,400 $8,000 $35,400
2018 $454 $40,900 $8,000 $32,900
2017 $454 $40,900 $8,000 $32,900
2016 $454 $40,900 $8,000 $32,900
2015 $113 $39,000 $2,000 $37,000
2014 -- $39,000 $2,000 $37,000
Source: Public Records

Agents Affiliated with this Home

  • Stacy Powell

    Seller's Agent in 2021

    Stacy Powell

    Keller Williams

    (434) 444-1983

    9 in this area

    421 Total Sales

    Stacy Powell
    Section Image

  • G

    Buyer's Agent in 2021

    Gregory Bentz

    Keller Williams

    Section Image
  • Mike Osei

    Seller's Agent in 2018

    Mike Osei

    Long & Foster-Forest

    (434) 444-6206

    14 in this area

    296 Total Sales

    Mike Osei
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 328846

APN: 010-12-001

Virginia Lynchburg City County Lynchburg 24504 College Hill

701 Polk St, Lynchburg, VA

This home is located at 701 Polk St, Lynchburg, VA 24504 since 23 December 2020 and is currently estimated at $90,955, approximately $89 per square foot. This property was built in 1941. 701 Polk 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.

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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