NOT LISTED FOR SALE

706 Madison St Lynchburg, VA 24504

College Hill Neighborhood

Estimated Value: $55,000 - $114,478

3 Beds
1 Bath
1,650 Sq Ft
$51/Sq Ft Est. Value

Last Sold March 17, 2022

Last sale price $45,000 $27 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $479/month

1 Day on Market

Highlights

  • City View
  • Multiple Fireplaces
  • Paneling
  • Paul Munro Elementary School Rated A-
  • Great Room
  • Forced Air Heating System

About This Home

As of March 2022

Gorgeous old 1913 home that sits on a Lynchburg hilltop. Waiting for an artist to restore this home.

Last Agent to Sell the Property

Salina Khanna

T.Y. Realty Incorporated License #0225226612 Listed on: 01/21/2022

Last Buyer's Agent

Salina Khanna

T.Y. Realty Incorporated License #0225226612 Listed on: 01/21/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $361

Year Built

  • Built in 1913

Lot Details

  • 5,445 Sq Ft Lot

Home Design

  • Slab Foundation
  • Shingle Roof
  • Plaster

Interior Spaces

  • 2-Story Property
  • Paneling
  • Multiple Fireplaces
  • Great Room
  • Laminate Flooring
  • City Views
  • Attic Access Panel
  • Electric Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

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

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • College Hill Subdivision

Listing and Financial Details

  • Assessor Parcel Number 02437017

Home Details

Home Type

Single Family

Est. Annual Taxes

$361

Year Built

Built in 1913

Lot Details

0

Listing Details

  • FILLACRES: 0.1250
  • Directions: 906 Madison Street; From downtown- take 5th or 12th Street to Madison; One block from the fire station
  • ElementarySchool7: Paul Munro Elem
  • HighSchool7: E. C. Glass High
  • Lot Measurement: Acres
  • Lot Sq Ft: 5445.00
  • MiddleSchool7: Linkhorne Midl
  • Days On Market: No
  • Property Subtype1: Single Family Residence
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 02437017
  • Year Built: 1913
  • Heating System: Forced Warm Air-Gas
  • Building Stories: Two
  • Dwelling Styles: Two Story
  • Foyer Area: 126.000000
  • Laundryroom Dim: 0.000 x 0.000
  • Living Room Dim: 12.000 x 12.000
  • Livingroom Len: 12.000
  • Livingroom Wid: 12.000
  • Masterbedroom Area: 175.500000
  • Master Bedroom Dim: 13.500 x 13.000
  • Masterbedroom Len: 13.500
  • Masterbedroom Wid: 13.000
  • Office Dim: 0.000 x 0.000
  • Other Room1 Area: 90.000000
  • Other Room1 Len: 15.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 1.00
  • Bathrooms Display: 1 (1 0)
  • Lower Floor 1 Bedrooms: 3
  • Broker Approved: Yes
  • Legal Description: COURT HOUSE HILL, BLK 159
  • Reciprocal Listing: No
  • Second Bedroom: 11x14 Level: Level 2 Above Grade
  • Second Bedroom Area: 154.000000
  • Third Bedroom: 9x13 Level: Level 2 Above Grade
  • Third Bedroom Area: 117.000000
  • ApplianceConvey: Range-Elec, None
  • Has Attic: Access, Other
  • Has Basement: Slab
  • Flooring: Laminate
  • Year Built Exception: 0
  • Fireplace: 2 Fireplaces, Other
  • Foyer: 21x6 Level: Level 1 Above Grade
  • Level 2 Full Bathrooms: 1
  • Great Room: 14x16 Level: Level 1 Above Grade
  • Interior Amenities: Great Room, Paneling, Plaster
  • Dining Kitchen: 12x12 Level: Level 1 Above Grade
  • Laundry: None
  • Living Room: 12x12 Level: Level 1 Above Grade
  • Master Bedroom: 13.50x13 Level: Level 2 Above Grade
  • Other Room 1: 15x6 Level: Level 1 Above Grade
  • GreatRoom Area: 224.000000
  • Livinggreat Room Dim: 14.000 x 16.000
  • Kitchen Area: 144.000000
  • LivingRoom Area: 144.000000
  • Est Other Room1 Dim: 15.000 x 6.000
  • 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: City View

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Utility Electric: AEP/Appalachian Powr
  • Air Conditioner: None, Other
  • Sewer: City
  • Hot Water: City
  • Water Heater: Other

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors
  • Subdivision Complex: College Hill

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Tax Info

  • Estimated Taxes: 361

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2022
Closed on
Mar 3, 2022
Sold by
Haynes Thelma S
Bought by
Lc Special Llc
Seller's Agent
Salina Khanna
T.Y. Realty Incorporated
Buyer's Agent
Salina Khanna
T.Y. Realty Incorporated
List Price
$40,000
Sold Price
$45,000
Premium/Discount to List
$5,000
12.5%
Current Estimated Value
$83,870

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$38,870
Avg. Annual Appreciation
13.52%
Original Mortgage
$105,000
Interest Rate
3.01%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 12, 2021
Sold by
Langhorne Trust
Bought by
Haynes Thelma S

Purchase Details

Closed on
Jun 8, 2016
Sold by
Langhorne William D and Langhorne William D
Bought by
Langhorne William D and William D Langhorne Revocable Living Tr

Purchase Details

Closed on
May 4, 2010
Sold by
Langhorne William D
Bought by
Langhorne William D and William D Langhorne Revocable Living Tru
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
Lc Special Llc $45,000 Fidelity National Title
Haynes Thelma S -- None Available
Langhorne William D -- None Available
Langhorne William D -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Lc Special Llc $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2022 03/17/22 Sold $45,000 +12.5% $27 / Sq Ft
01/22/2022 01/22/22 Pending -- -- --
01/21/2022 01/21/22 For Sale $40,000 -- $24 / 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 $401 $45,000 $14,000 $31,000
2023 $400 $45,000 $14,000 $31,000
2022 $303 $29,400 $10,000 $19,400
2021 $326 $29,400 $10,000 $19,400
2020 $362 $32,600 $8,000 $24,600
2019 $362 $32,600 $8,000 $24,600
2018 $362 $32,600 $8,000 $24,600
2017 $362 $32,600 $8,000 $24,600
2016 $362 $32,600 $8,000 $24,600
2015 $90 $27,600 $2,000 $25,600
2014 $77 $32,900 $2,000 $30,900
Source: Public Records

Agents Affiliated with this Home

  • Salina Khanna

    Seller's Agent in 2022

    Salina Khanna

    T.Y. Realty Incorporated

    (434) 401-1255

    6 in this area

    98 Total Sales

    Salina Khanna
    Section Image
See All Agents

Map

Source: Lynchburg Association of REALTORS®

MLS Number: 336064

APN: 024-37-017

Virginia Lynchburg City County Lynchburg 24504 College Hill

706 Madison St, Lynchburg, VA

This home is located at 706 Madison St, Lynchburg, VA 24504 since 21 January 2022 and is currently estimated at $83,870, approximately $50 per square foot. This property was built in 1913. 706 Madison 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.

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