NOT LISTED FOR SALE

8022 Timberlake Rd Unit 37 Lynchburg, VA 24502

Estimated Value: $150,000 - $189,099

3 Beds
1.5 Baths
1,338 Sq Ft
$121/Sq Ft Est. Value

Last Sold January 17, 2018

Last sale price $79,000 $59 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $1,038/month

113 Days on Market

Highlights

  • Laundry closet
  • Ceiling Fan
  • High Speed Internet
  • Ceramic Tile Flooring

About This Home

As of January 2018

Fantastic location and great cash producing property for investors. Large living room, large master, large kitchen. Kitchen recently updated with new counters, floors, faucet and sink. New roof in 2011. Rents for $775/month. Low HOA just $90. Quiet community and very convenient to Timberlake shopping and restaurants, and less than 10 minutes to Liberty University and Wards Rd.

Last Agent to Sell the Property

Daniel Henderson

DeWitt Real Estate & Auctions License #0225210866 Listed on: 09/18/2017

Last Buyer's Agent

Thomas Wolcott

NextHome TwoFourFive License #0225104143

NextHome TwoFourFive

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,040

Year Built

  • Built in 1989

Lot Details

  • 1,394 Sq Ft Lot

HOA Fees

  • $90 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Shingle Roof

Interior Spaces

  • 1,338 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Attic Access Panel
  • Laundry closet

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Heritage Elementary School
  • Sandusky Midl Middle School
  • Heritage High School

Utilities

  • Heat Pump System
  • Underground Utilities
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • Association fees include exterior maintenance, grounds maintenance, parking, snow removal, trash, sewer, water
  • Knollwood Subdivision

Listing and Financial Details

  • Assessor Parcel Number 25418037

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,040

Year Built

Built in 1989

Lot Details

0

HOA Fees

$90 per month

Listing Details

  • FILLACRES: 0.0320
  • AssocFeeOptional: Required
  • Directions: Timberlake Road to Knollwood Townhomes (across from Dairy Queen).
  • ElementarySchool7: Heritage Elem
  • HighSchool7: Heritage High
  • Lot Measurement: Acres
  • Lot Sq Ft: 1394.00
  • MiddleSchool7: Sandusky Midl
  • Days On Market: No
  • Property Subtype1: Townhouse
  • Prop. Type: Residential
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 25418037
  • Year Built: 1989
  • Heating System: Heat Pump
  • Building Stories: Two
  • Laundryroom Dim: 0.000 x 0.000
  • Living Room Dim: 16.000 x 16.000
  • Livingroom Len: 16.000
  • Livingroom Wid: 16.000
  • Masterbedroom Area: 192.000000
  • Master Bedroom Dim: 12.000 x 16.000
  • Masterbedroom Len: 12.000
  • Masterbedroom Wid: 16.000
  • Office Dim: 0.000 x 0.000
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Basement Bathrooms: 2.00
  • Bathrooms Display: 2 (1 1)
  • Lower Floor 1 Bedrooms: 3
  • Broker Approved: Yes
  • Legal Description: Knollwood Townhomes Lot 37
  • Reciprocal Listing: No
  • Second Bedroom: 10x11 Level: Level 2 Above Grade
  • Second Bedroom Area: 110.000000
  • Third Bedroom: 10x9 Level: Level 2 Above Grade
  • Third Bedroom Area: 90.000000
  • Above Grade Finished Sq Ft: 1338.00
  • ApplianceConvey: Dishwasher, Range-Elec, Refrigerator
  • Has Attic: Access
  • Has Basement: Slab
  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Year Built Exception: 0
  • Level 2 Full Bathrooms: 1
  • First Level Half Bathrooms: 1
  • Interior Amenities: Cable Available, Cable Connections, Ceiling Fan(s), Drywall, High Speed Data Aval
  • Dining Kitchen: 16x15 Level: Level 1 Above Grade
  • Laundry: Laundry Closet
  • Living Room: 16x16 Level: Level 1 Above Grade
  • Master Bedroom: 12x16 Level: Level 2 Above Grade
  • Livinggreat Room Dim: 0.000 x 0.000
  • Kitchen Area: 240.000000
  • LivingRoom Area: 256.000000
  • Est Other Room1 Dim: 0.000 x 0.000
  • 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: Undergrnd Utilities
  • Patio: 8x7 Level: Level 1 Above Grade

Garage/Parking

  • Garage Dim: 0.000 x 0.000

Utilities

  • Air Conditioner: Heat Pump
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Includes: Exterior Maintenance, Grounds Maintenance, Parking, Snow Removal, Trash, Sewer, Water
  • HOA: Lynchburg Board of Realtors
  • Association Fee: 90.00
  • Subdivision Complex: Knollwood

Association/Amenities

  • Entry Level Unit: 37

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 1338.00

Tax Info

  • Estimated Taxes: 1040

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2017
Closed on
Jan 1, 2018
Sold by
Della Pia Cheryl L
Bought by
Huggins Albert A
Seller's Agent
Daniel Henderson
DeWitt Real Estate & Auctions
Buyer's Agent
Thomas Wolcott
NextHome TwoFourFive
List Price
$83,900
Sold Price
$79,000
Premium/Discount to List
-$4,900
-5.84%
Current Estimated Value
$161,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,275
Avg. Annual Appreciation
9.69%
Original Mortgage
$63,200
Outstanding Balance
$53,209
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$108,066

Purchase Details

Closed on
Jul 31, 2009
Sold by
Egel Kenneth L and Egel Peggy L
Bought by
Alford Enterprises Llc

Purchase Details

Closed on
Oct 26, 2005
Sold by
Ecp Llc
Bought by
Egel Kenneth L and Egel Peggy L
Source: Public Records

Range of Values:

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Average Value
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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
Huggins Albert A $79,000 Reliance Title & Settlement
Alford Enterprises Llc $270,000 None Available
Egel Kenneth L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huggins Albert A $63,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/17/2018 01/17/18 Sold $79,000 -5.8% $59 / Sq Ft
01/09/2018 01/09/18 Pending -- -- --
09/18/2017 09/18/17 For Sale $83,900 +2.8% $63 / Sq Ft
01/19/2016 01/19/16 Sold $81,600 -3.9% $61 / Sq Ft View Prior Sale
01/05/2016 01/05/16 Pending -- -- --
10/14/2015 10/14/15 For Sale $84,900 -- $63 / 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
2025 $1,150 $136,900 $20,000 $116,900
2024 $1,009 $113,400 $20,000 $93,400
2023 $1,009 $113,400 $20,000 $93,400
2022 $1,040 $101,000 $20,000 $81,000
2021 $1,121 $101,000 $20,000 $81,000
2020 $1,040 $93,700 $18,000 $75,700
2019 $1,040 $93,700 $18,000 $75,700
2018 $1,040 $93,700 $18,000 $75,700
2017 $1,040 $93,700 $18,000 $75,700
2016 $1,040 $93,700 $18,000 $75,700
2015 $1,040 $93,700 $18,000 $75,700
2014 $1,040 $93,700 $18,000 $75,700
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2018

    Daniel Henderson

    DeWitt Real Estate & Auctions

  • T

    Buyer's Agent in 2018

    Thomas Wolcott

    NextHome TwoFourFive

    (434) 382-1828

    108 Total Sales

    Thomas Wolcott
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 307728

APN: 254-18-037

Virginia Lynchburg City County Lynchburg 24502

8022 Timberlake Rd Unit 37, Lynchburg, VA

This home is located at 8022 Timberlake Rd Unit 37, Lynchburg, VA 24502 since 18 September 2017 and is currently estimated at $161,275, approximately $120 per square foot. This property was built in 1989. 8022 Timberlake Rd Unit 37 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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