NOT LISTED FOR SALE

721 Thorn Hill Rd Lexington, VA 24450

Estimated Value: $268,000 - $376,000

4 Beds
2 Baths
1,650 Sq Ft
$188/Sq Ft Est. Value

Last Sold September 11, 2020

Last sale price $162,500 $98 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $1,850/month

3 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Electric Baseboard Heater
  • Harrington Waddell Elementary School Rated A
  • Interior Lot
  • Creek or Stream

About This Home

As of September 2020

Investment Opportunity! Fully rented duplex in excellent condition located a short distance from downtown Lexington features units with 2 bedrooms and 1 full bath each. Hardwood floors, large unfinished basement for storage, nearly level backyard with creek frontage on scenic Sarahs Run, and off street parking. Unit 721 currently leased for $450/month; Unit 723 currently leased for $625/month. Tenants pay utilities. Adjoining duplex at 725-727 Thornhill Rd. also available for sale.

Last Agent to Sell the Property

Will Moore

James Wm. Moore Real Estate Co. Listed on: 07/17/2020

Last Buyer's Agent

Max Ivankov

1st Choice Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,767

Year Built

  • Built in 1964

Lot Details

  • 7,841 Sq Ft Lot
  • Property fronts an easement
  • Creek or Stream
  • Interior Lot

Home Design

  • 1,650 Sq Ft Home
  • Duplex
  • Shingle Roof
  • Vinyl Siding

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Location

  • Flood Zone Lot

Schools

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

Utilities

  • Window Unit Cooling System
  • Electric Baseboard Heater

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 34-4-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,767

Year Built

Built in 1964

Lot Details

0

Listing Details

  • ConservationEsmnt: No
  • Directions: From Lexington, head S. on Main St. for 0.6 miles to right on Thornhill Rd. for 0.2 miles to property on right.
  • HistoricProperty: No
  • Listing Member Name: Will Moore
  • Listing Office Short Id: 78
  • Open House Office I D: 20061211170240946497000000
  • Hoa2 Or Poa: No
  • Prop. Type: Multi-Family
  • Selling Member Short Id: MMI
  • Selling Office Short Id: 148
  • Subdivision Yn: No
  • Year Built: 1964
  • Taxes Dollars: 1767.02
  • TotalAcresApx: 0.18
  • Building Style: Duplex
  • ApxTtlSFFnshd: 1650.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Has Basement: Full, Unfinished, Walkout
  • Exterior Other: Brick
  • Updated Floor: Carpet, Vinyl, Wood
  • Entry Location: Inside Lot
  • Full Bathrooms: 2.00

Exterior Features

  • Easements: Sewer
  • Exterior: Vinyl
  • Road Frontage: City Street
  • Roof: Shingle
  • Street: Thornhill
  • Surface Water: Creek/Stream
  • Tax Rate: $1.06/100
  • Flood Zone: SW

Garage/Parking

  • Parking Features: Spaces in front

Utilities

  • Cooling: Window Unit(s)
  • Heating: Baseboard Electric
  • Sewer: Public Sewer
  • Water: Public Water

Schools

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

Lot Info

  • Future Land Use: No
  • Zoning: Residential

Rental Info

  • Average Rental: 501 - 600
  • Rental Type: Monthly

Tax Info

  • Tax Map Number: 34-4-2
  • Tax Year: 2020

Multi Family

  • Total Number Units: 2

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Buildtek Solutionls Llc $124,000
Closed Buildtek Solutions Llc $1,325,000
Closed Buildtek Solutions Llc $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2020 09/11/20 Sold $162,500 -7.1% $98 / Sq Ft
07/20/2020 07/20/20 Pending -- -- --
07/17/2020 07/17/20 For Sale $175,000 -- $106 / 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
2024 $2,059 $223,794 $50,000 $173,794
2023 $2,059 $223,794 $50,000 $173,794
2022 $2,059 $223,794 $50,000 $173,794
2021 $1,767 $166,730 $47,500 $119,230
2020 $1,767 $166,730 $47,500 $119,230
2019 $1,725 $166,730 $47,500 $119,230
2018 $1,725 $166,700 $47,500 $119,200
2017 $1,920 $173,000 $47,500 $125,500
2016 $1,886 $173,000 $47,500 $125,500
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Will Moore

    Seller's Agent in 2020

    Will Moore

    James Wm. Moore Real Estate Co.

    (540) 460-4602

    124 in this area

    338 Total Sales

    Will Moore
    Section Image

  • M

    Buyer's Agent in 2020

    Max Ivankov

    1st Choice Real Estate

    (540) 460-1916

    46 in this area

    53 Total Sales

    Max Ivankov
    Section Image
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Map

Source: Rockbridge Highlands REALTORS®

MLS Number: 135282

APN: 34-4-2

Virginia Lexington City County Lexington 24450

721 Thorn Hill Rd, Lexington, VA

This home is located at 721 Thorn Hill Rd, Lexington, VA 24450 since 17 July 2020 and is currently estimated at $310,295, approximately $188 per square foot. This property was built in 1964. 721 Thorn Hill Rd is a home located in Lexington City with nearby schools including Harrington Waddell Elementary School, Lylburn Downing Middle School, and Earthsong Community School.

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