
7505 Timberlake Rd Lynchburg, VA 24502
Estimated payment $7,020/month
Highlights
- Barn
- Wood Flooring
- Fenced Yard
- Cape Cod Architecture
- Workshop
- Separate Outdoor Workshop
About This Home
Zoned B-1, R-C, R-1. There are separate buildings on the property the main house is known as the Big Cottage which offers 2 bedrooms, 1 bath, living room/dinning, along with covered front porch, laundry and back deck area over looking the farm! The Red barn offers three individual studio apartments with full bath and bistro kitchen fully furnished there is an additional unit in the barn that is nearly completed which would make 4 units! The entire east side border of property is dreaming creek! It's a beautiful park like setting with large field along creek! This is by far one of the most unique properties! Great potential with adjoining property MLS #350077 15.50 acreage at $299K listed with Realty One Group both parcels together would allow 20 Acres in sought after Timberlake Rd! Development potential!!!!Would make a great 55+ community with access to Timeberlake and Roundelay Circle! Opportunity for a development area with adjoining acreage or already a working Airbnb!
Listing Agent
Martin Donovan
Lauren Bell Real Estate, Inc. License #0225186160 Listed on: 07/23/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,127
Year Built
- Built in 1946
Lot Details
- 5.5 Acre Lot
- Fenced Yard
- Landscaped
- Garden
Home Design
- Cape Cod Architecture
- Shingle Roof
- Plaster
Interior Spaces
- 6 Full Bathrooms
- 1,284 Sq Ft Home
- 2-Story Property
- Paneling
- Ceiling Fan
- Drapes & Rods
- Living Room with Fireplace
- Workshop
- Partial Basement
- Scuttle Attic Hole
Kitchen
- Electric Range
- Microwave
Flooring
- Wood
- Laminate
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
Outdoor Features
- Separate Outdoor Workshop
- Outdoor Storage
Schools
- Heritage Elementary School
- Sandusky Midl Middle School
- Heritage High School
Farming
- Barn
Utilities
- Heat Pump System
- Heating System Mounted To A Wall or Window
- Electric Water Heater
- High Speed Internet
- Cable TV Available
Community Details
- Timberlake Commercial Corridor Subdivision
- Net Lease
Listing and Financial Details
- Assessor Parcel Number 24902001
Map
Home Values in the Area
Average Home Value in this Area
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 | $3,097 | $348,000 | $231,300 | $116,700 |
2023 | $3,097 | $348,000 | $231,300 | $116,700 |
2022 | $2,955 | $286,900 | $231,300 | $55,600 |
2021 | $3,185 | $286,900 | $231,300 | $55,600 |
2020 | $3,185 | $286,900 | $231,300 | $55,600 |
2019 | $3,185 | $286,900 | $231,300 | $55,600 |
2018 | $3,825 | $344,600 | $289,000 | $55,600 |
2017 | $3,825 | $344,600 | $289,000 | $55,600 |
2016 | $3,825 | $344,600 | $289,000 | $55,600 |
2015 | $3,825 | $243,100 | $187,500 | $55,600 |
2014 | $2,698 | $243,100 | $187,500 | $55,600 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/23/2025 07/23/25 | For Sale | $1,250,000 | -- | $974 / Sq Ft |
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Deed | -- | None Available |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $228,386 | Purchase Money Mortgage |
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