NOT LISTED FOR SALE

7616 Timberlake Rd Lynchburg, VA 24502

Estimated Value: $3,874,006

-- Bed
-- Bath
-- Sq Ft
1.41 Acres

About This Home

This home is located at 7616 Timberlake Rd, Lynchburg, VA 24502 and is currently estimated at $3,874,006. 7616 Timberlake Rd is a home located in Lynchburg City with nearby schools including Heritage Elementary School, Sandusky Middle School, and Heritage High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 15, 2022
Sold by
Mustard Seed Chesterfield Llc
Bought by
Realty Income Properties 21 Llc
Current Estimated Value
$3,874,006

Purchase Details

Closed on
Mar 18, 2020
Sold by
Red Hawk Contracting Inc
Bought by
Mustard Seed Chesterfield Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,940,000
Interest Rate
3.4%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 5, 2019
Sold by
Bluestone Land Llc
Bought by
Red Hawk Contractinh Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
4.4%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 11, 2000
Sold by
Bibb Henry Q and Bibb Betty P
Bought by
Bluestone Land L L C
Source: Public Records

Range of Values:

Collateral Analytics

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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.

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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.

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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.

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Average Value
Not Available
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
Realty Income Properties 21 Llc $3,339,130 First American Title
Mustard Seed Chesterfield Llc -- None Available
Red Hawk Contractinh Inc $425,000 Old Republic Natl Ttl Ins Co
Bluestone Land L L C -- Southern Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mustard Seed Chesterfield Llc $1,940,000
Previous Owner Red Hawk Contractinh Inc $318,750
Source: Public Records

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 $19,119 $2,148,200 $565,600 $1,582,600
2023 $19,119 $2,148,200 $565,600 $1,582,600
2022 $17,805 $1,728,600 $424,200 $1,304,400
2021 $4,797 $1,728,600 $424,200 $1,304,400
2020 $15,520 $339,400 $339,400 $0
2019 $3,767 $339,400 $339,400 $0
2018 $981 $353,500 $353,500 $0
2017 $3,924 $353,500 $353,500 $0
2016 $3,924 $353,500 $353,500 $0
2015 $981 $282,800 $282,800 $0
2014 $785 $282,800 $282,800 $0
Source: Public Records

Map

Virginia Lynchburg City County Lynchburg 24502

7616 Timberlake Rd, Lynchburg, VA

This home is located at 7616 Timberlake Rd, Lynchburg, VA 24502 and is currently estimated at $3,874,006. 7616 Timberlake Rd is a home located in Lynchburg City with nearby schools including Heritage Elementary School, Sandusky Middle School, and Heritage High School.

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