NOT LISTED FOR SALE

818 8th St Lynchburg, VA 24504

College Hill Neighborhood

Estimated Value: $108,000 - $185,000

-- Bed
2 Baths
2,230 Sq Ft
$65/Sq Ft Est. Value

Last Sold March 11, 2024

Last sale price $75,000 $34 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $892/month

27 Days on Market

About This Home

As of March 2024

Unique investment opportunity - a diamond in the rough that awaits your personal touch! This well-located duplex is priced to sell quickly, offering a rare chance to transform it into a cash flowing property. Convenient access to schools, shopping, and public transportation, this duplex is situated in an area with promising future growth. Large windows and tall ceilings give each unit a value added blank canvas. Property is being sold AS-IS, sellers are looking for a simple, quick closing.

Last Agent to Sell the Property

Jennifer Baker

City Properties 2 LLC License #0225227445 Listed on: 01/06/2024

City Properties 2 LLC

Last Buyer's Agent

Susan Murray

Epique Realty License #0225212736

Epique Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $850

Year Built

  • Built in 1887

Lot Details

  • 4,008 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • 2,230 Sq Ft Home

Flooring

  • Carpet
  • Vinyl

Schools

  • Paul Munro Elementary School
  • Pl Dunbar Midl Middle School
  • Heritage High School

Community Details

  • Net Lease
  • Gross Income $19,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$850

Year Built

Built in 1887

Lot Details

0

Listing Details

  • Days On Market: No
  • Prop. Type: Multi-Family
  • Year Built: 1887
  • Garage Yn: No
  • Property Sub-Type: Multi-Family
  • Total Gross Income: 19200.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Reciprocal Listing: No
  • Flooring: Carpet, Vinyl
  • Walls: Drywall

Garage/Parking

  • Parking Features: Off Street Parking

Utilities

  • Sewer: City
  • Water Source: City

Schools

  • Elementary School: Paul Munro Elem
  • High School: Heritage High
  • Middle School: PL Dunbar Midl
  • Junior High Dist: Lynchburg

Lot Info

  • Acres: 0.0920
  • Lot Size Sq Ft: 4008.00
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Sub Lease: No
  • Sub Lease Expiration Date: 1800-01-01T00:00:00.001-05:00

Tax Info

  • Estimated Taxes: 850

Multi Family

  • Number Of Units Total: 2
  • Existing Lease Type: Net

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2024
Closed on
Mar 6, 2024
Sold by
South City Rentals Llc
Bought by
Milk & Honey Properties Llc
Seller's Agent
Jennifer Baker
City Properties 2 LLC
Buyer's Agent
Susan Murray
Epique Realty
List Price
$84,900
Sold Price
$75,000
Premium/Discount to List
-$9,900
-11.66%
Views
42
Current Estimated Value
$145,691

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$70,691
Avg. Annual Appreciation
68.93%
Original Mortgage
$156,750
Outstanding Balance
$154,471
Interest Rate
6.69%
Mortgage Type
Construction
Estimated Equity
$10,205

Purchase Details

Closed on
Oct 18, 2018
Sold by
Ashkor Real Estate Llc
Bought by
South City Rentals Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 14, 2011
Sold by
First Citizens Bank And Trust Co
Bought by
Ashkor Real Estates Llc

Purchase Details

Closed on
Oct 16, 2009
Sold by
Larochelle Daniel P and Larochelle Donna L
Bought by
First Citizens Bank And Trust Co
Source: Public Records

Range of Values:

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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
Milk & Honey Properties Llc $75,000 Chicago Title
South City Rentals Llc $90,000 Advantage Title & Closing Ll
Ashkor Real Estates Llc -- None Available
First Citizens Bank And Trust Co $43,533 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Milk & Honey Properties Llc $156,750
Previous Owner South City Rentals Llc $72,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/11/2024 03/11/24 Sold $75,000 -11.7% $34 / Sq Ft
02/02/2024 02/02/24 Pending -- -- --
01/06/2024 01/06/24 For Sale $84,900 -- $38 / 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
2024 $1,246 $140,000 $14,000 $126,000
2023 $199 $89,400 $14,000 $75,400
2022 $599 $58,200 $10,000 $48,200
2021 $646 $58,200 $10,000 $48,200
2020 $650 $58,600 $6,000 $52,600
2019 $650 $58,600 $6,000 $52,600
2018 $584 $52,600 $6,000 $46,600
2017 $584 $52,600 $6,000 $46,600
2016 $584 $52,600 $6,000 $46,600
2015 $584 $54,900 $1,500 $53,400
2014 $609 $74,400 $1,500 $72,900
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jennifer Baker

    City Properties 2 LLC

    Section Image
  • Susan Murray

    Buyer's Agent in 2024

    Susan Murray

    Epique Realty

    (434) 420-4240

    5 in this area

    111 Total Sales

    Susan Murray
    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 349892

APN: 024-41-001

Virginia Lynchburg City County Lynchburg 24504 College Hill

818 8th St, Lynchburg, VA

This home is located at 818 8th St, Lynchburg, VA 24504 since 06 January 2024 and is currently estimated at $145,691, approximately $65 per square foot. This property was built in 1887. 818 8th St is a home located in Lynchburg City with nearby schools including Perrymont Elementary School, Paul Laurence Dunbar Mid. for Innov., and Heritage High School.

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