NOT LISTED FOR SALE

909 Old Graves Mill Rd Lynchburg, VA 24502

Estimated Value: $220,770 - $301,000

4 Beds
2 Baths
1,566 Sq Ft
$170/Sq Ft Est. Value

Last Sold December 21, 2021

Last sale price $245,000 $156 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,590/month

7 Days on Market

About This Home

As of December 2021

Possibilities are endless for this renovated duplex currently used as an Airbnb. Current rent of up to $125 a night per unit. Renovations include replacement windows, roof, granite countertops, luxury vinyl tile, stainless steel appliances, updated baths, electronic keypad access, trex decking and both units come completely furnished. This could also be a monthly rental or live in one side while having the other side pay most of the mortgage. Located only 9 minutes from Liberty University, 8 minutes from University of Lynchburg, or 12 minutes to either hospital. This home is centrally located to school or work. This home is a must see for your entrepreneur looking to invest.

Last Agent to Sell the Property

Jimmy Miller

John Stewart Walker, Inc License #0225201733 Listed on: 11/09/2021

Last Buyer's Agent

Robert Jacobs

4 List Real Estate Associates License #0225105768

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,277

Year Built

  • Built in 1985

Lot Details

  • 10,298 Sq Ft Lot

Home Design

  • 1,566 Sq Ft Home

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Schools

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

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 24307018

Community Details

Overview

  • 2 Units
  • Graves Mill Subdivision

Building Details

  • 1 Separate Water Meter
  • New Taxes Expense $1,277

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,277

Year Built

Built in 1985

Lot Details

0

Listing Details

  • FILLACRES: 0.2364
  • Directions: Timberlake to Old Graves Mill Road
  • ElementarySchool7: Sandusky Elem
  • HighSchool7: Heritage High
  • Internet Providers: Comcast/Xfinity
  • Lot Measurement: Acres
  • Lot Sq Ft: 10298.00
  • MiddleSchool7: Sandusky Midl
  • Days On Market: No
  • Property Subtype1: Multi-Family
  • Prop. Type: Multi-Family
  • OFFICELIST_STATE: VA
  • TaxMapParcelID: 24307018
  • Year Built: 1985
  • Heating System: Heat Pump
  • Taxes Expense: 1277.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Broker Approved: Yes
  • Legal Description: TOMAHAWK SQUARE, LOT 3
  • Reciprocal Listing: No
  • Flooring: Other
  • Year Built Exception: 0
  • Walls: Drywall

Garage/Parking

  • Parking: 2 Spaces/Unit, Off Street Parking, Paved Drive

Utilities

  • Utility Electric: American Electric
  • Cooling: Heat Pump
  • Sewer: City
  • Hot Water: City
  • Water Heater: Electric
  • Number Of Water Meters: 1

Condo/Co-op/Association

  • HOA: Lynchburg Board of Realtors
  • Subdivision Complex: Graves Mill

Schools

  • School District: Lynchburg
  • School District: Lynchburg

Lot Info

  • Lot Sq Ft: 1566.00
  • Zoning: R3

Rental Info

  • Types Of Leases: Other

Tax Info

  • Estimated Taxes: 1277

Multi Family

  • Total Number Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2021
Closed on
Dec 20, 2021
Sold by
Skinner Gerard J and Skinner Rhonda
Bought by
Thornton Michael A and Thornton Phyllis W
Seller's Agent
Jimmy Miller
John Stewart Walker, Inc
Buyer's Agent
Robert Jacobs
4 List Real Estate Associates
List Price
$225,000
Sold Price
$245,000
Premium/Discount to List
$20,000
8.89%
Current Estimated Value
$266,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,693
Avg. Annual Appreciation
0.59%
Original Mortgage
$172,500
Outstanding Balance
$160,558
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$89,752

Purchase Details

Closed on
Dec 5, 2011
Sold by
Skinner Construction Company Inc
Bought by
Skinner Gerard J and Skinner Rhonda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
3.99%
Mortgage Type
Credit Line Revolving
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
Thornton Michael A $245,000 Old Republic Title
Skinner Gerard J -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thornton Michael A $172,500
Previous Owner Skinner Gerard J $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/21/2021 12/21/21 Sold $245,000 +8.9% $156 / Sq Ft
11/16/2021 11/16/21 Pending -- -- --
11/09/2021 11/09/21 For Sale $225,000 -- $144 / 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 $1,639 $184,200 $32,000 $152,200
2023 $1,639 $184,200 $32,000 $152,200
2022 $1,207 $117,200 $25,000 $92,200
2021 $1,301 $117,200 $25,000 $92,200
2020 $1,278 $115,100 $25,000 $90,100
2019 $1,278 $115,100 $25,000 $90,100
2018 $1,278 $115,100 $25,000 $90,100
2017 $1,278 $115,100 $25,000 $90,100
2016 $1,278 $115,100 $25,000 $90,100
2015 $1,278 $115,100 $25,000 $90,100
2014 $1,278 $115,100 $25,000 $90,100
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Jimmy Miller

    John Stewart Walker, Inc

    Section Image

  • R

    Buyer's Agent in 2021

    Robert Jacobs

    4 List Real Estate Associates

    Section Image
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Map

Source: Lynchburg Association of REALTORS®

MLS Number: 335106

APN: 243-07-018

Virginia Lynchburg City County Lynchburg 24502

909 Old Graves Mill Rd, Lynchburg, VA

This home is located at 909 Old Graves Mill Rd, Lynchburg, VA 24502 since 09 November 2021 and is currently estimated at $266,693, approximately $170 per square foot. This property was built in 1985. 909 Old Graves Mill Rd is a home located in Lynchburg City with nearby schools including Sandusky Elementary School, Sandusky Middle School, and Heritage High School.

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