$1,250,000

7505 Timberlake Rd Lynchburg, VA 24502

Estimated payment $6,817/month

Total Views 11,512
6 Beds
6 Baths
1,284 Sq Ft
$974 Price per Sq Ft

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
  • Creek or Stream
  • 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

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,127

Year Built

Built in 1946

Lot Details

0

Listing Details

  • BuildingOnProperty: Barn, Storage Building, Workshop
  • Directions: 501 to Timberlake
  • Days On Market: Yes
  • Prop. Type: Residential
  • Year Built: 1946
  • Garage Yn: No
  • Property Sub-Type: Single Family Residence
  • Subdivision Name: Timberlake Commercial Corridor
  • Above Grade Finished Sq Ft: 1284.00
  • Architectural Style: Cape Cod
  • Laundryroom Dim: 0.000 x 0.000
  • Office Dim: 0.000 x 0.000
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement Bathrooms: 6.00
  • Bathrooms Display: 6 (6 0)
  • Broker Approved: Yes
  • Reciprocal Listing: No
  • Has Attic: Scuttle
  • Has Basement: Partial
  • Breakfast Area: 0x0 Level:
  • Flooring: Laminate, Wood
  • Family Room: 0x0 Level:
  • Level 1 Full Bathrooms: 6
  • Interior Amenities: Apartment, Cable Available, Cable Connections, Ceiling Fan(s), Drapes, Drywall, High Speed Data Aval, Paneling, Plaster, Workshop
  • Laundry: Dryer Connection, Laundry Room, Main Level, Washer Connections
  • Master Bedroom: 12x20 Level: Level 2 Above Grade
  • Rec Room: 0x0 Level:
  • Appliances: Dryer, Microwave, Range-Elec, Refrigerator, Washer
  • Fireplace: 1 Fireplace, Living Room
  • Stories: Two
  • Sixth Bedroom: 12x12 Level: Level 1 Above Grade
  • Fifth Bedroom: 12x12 Level: Level 1 Above Grade
  • Third Bedroom: 12x10 Level: Level 1 Above Grade
  • Fourth Bedroom: 12x12 Level: Level 1 Above Grade
  • Second Bedroom: 12x12 Level: Level 2 Above Grade
  • Room Bedroom5 Area: 144.000000
  • Room Bedroom3 Area: 120.000000
  • Room Master Bedroom Area: 240.000000
  • Room Bedroom4 Area: 144.000000
  • Room Bedroom2 Area: 144.000000
  • MasterBedroomDimensions Dim: 12.000 x 20.000
  • Kitchen Dim: 0.000 x 0.000
  • Sunroom Dim: 0.000 x 0.000
  • Master Bedroom Master Bedroom Width: 20.000

Exterior Features

  • Roof: Shingle
  • New Construction: Completed
  • Exterior Features: Fenced Yard, Garden Space, Landscaped

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Cooling: Heat Pump, Mini-Split
  • Sewer: City
  • Water Heater: Electric
  • Heating: Heat Pump, Wall/Space Unit
  • Water Source: City

Schools

  • Elementary School: Heritage Elem
  • High School: Heritage High
  • Middle School: Sandusky Midl
  • Junior High Dist: Lynchburg

Lot Info

  • Acres: 5.4990
  • Lot Size Sq Ft: 239536.00
  • ResoLotSizeUnits: Acres
  • Parcel Number: 24902001

Rental Info

  • Sub Lease: No
  • Sub Lease Expiration Date: 1800-01-01T00:00:00-05:00

Tax Info

  • Estimated Taxes: 3127

Multi Family

  • Existing Lease Type: Net

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $3,465 $412,500 $231,300 $181,200
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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/23/2025 07/23/25 For Sale $1,250,000 -- $974 / Sq Ft
Source: Lynchburg Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $228,386 Purchase Money Mortgage
Source: Public Records

Source: Lynchburg Association of REALTORS®

MLS Number: 360812

APN: 249-02-001

Virginia Lynchburg City County Lynchburg 24502

7505 Timberlake Rd, Lynchburg, VA

For Sale

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Martin Donovan
Listing Agent
Martin Donovan
Section Image
Lauren Bell Real Estate, Inc.
(434) 542-8427