1014 Buchanan St, Lynchburg, VA, 24501

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

1014 Buchanan St, Lynchburg$174,000

Buyer Closing Credits

$2,066^*

1.25% Loan Amount

Sell Your Home And Save More

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeMulti Family

Year Built1887

HeatingHeat Pump

CoolingHeat Pump

MLS #351268

Lot Size0.15 Acres

StatusActive

About 1014 Buchanan St

This 1800's Queen Anne Victorian home has all you need. It has been converted into a duplex. This second floor one bedroom has plenty of closet and storage space. Fully updated ,while keeping the Victorian charm, and has all amenities which includes a large fenced in back yard and a wrap around rocking chair front porch on the main level. Stackable washer and dryer. Comcast Xfinity wireless internet. Full HVAC dual zone system with Nest thermostat. Upstairs level is move in ready and main level needs work to make rent ready. Call today to find out the potential ROI on this duplex in downtown Lynchburg!

View More

Property Details

Property Features

Property Information:

• Year Built: 1887
• Living Area: 1,630 SqFt

Listing Office:

• Office Name: Cornerstone Realty Group Inc
• Listing Agent: Schyler C Higgins

Interior Features

Interior Information:

• Flooring Type: Wood Floors, Other

Lot Features

Lot Information:

• Lot Size: 0.15 Acres

Utilities

Utilities Information:

• Heating: Heat Pump
• Cooling: Heat Pump

School Info

Assigned Schools Information:

• Heritage High School, Public District Grades 9-12
• Paul Laurence Dunbar Middle For Innovation, Public Magnet Grades 6-8
• Robert S. Payne Elementary School, Public District Grades PK-5

Other

Directions Information:

• Directions: Kemper Street make a right onto Park Ave, left onto Buchanan Street, and the house will be on your left.

Price Information

Listing Price Info

Price Summary:

• List Price: $174,000
• Price Per SqFt: $107/SqFt

Tax Information:

• Annual Amount: $265
• Tax Year: 2020

What can I afford?

Understand what home price range makes sense for your budget.

See What I Can Afford

Housing Market Comparison

See how this home compares to others in Lynchburg, VA.

Lynchburg, VA

City

Med. Sold Price

$259.9K

Med. Price/SqFt

$150

Avg. Days On Market

26

# of Sold Homes

95

1014 Buchanan St vs Lynchburg

32 DAYS ON ROCKET

+6 Days

$174,000

-$85.9K Less

$107/SqFt

-$44 Less

KEY TAKEAWAY

This property is $85.9K less than the Median Sold Price and $44/SqFt less than other homes in Lynchburg, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Name: Lynchburg
• MLS Number: #351268

Listing Office:

• Office Name: Cornerstone Realty Group Inc
• Listing Agent: Schyler C Higgins

Information is provided by the Lynchburg Association of REALTORS®. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2024 Lynchburg Association of REALTORS®. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/27/2024, 4:25:17 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

View More

Property Sales & Tax

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$265	$47,700
2019	$128	$47,700
2018	$511	$46,000
2017	$511	$46,000

History based on county public records data.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$936

Per Month

Principal & Interest

$869

Home Price

Home PriceThe dollar amount you pay for the home.

$

Interest Rate

Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.

%

Down Payment

Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.

$Down PaymentPercent%

Loan Term

Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.

30 year25 year20 year15 year10 year

Property Taxes

$0

Annual Cost

Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.

$/ Year

Mortgage Insurance

$0

Monthly Premium

Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.

$/ Month

Homeowners Insurance

$67

Monthly Premium

Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.

$/ Month

Homeowners Association (HOA)

$0

Monthly Fees

Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.

$/ Month

Utilities

$0

Monthly Cost

Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.

$/ Month

*Disclosures

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$588

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Virginia›Lynchburg›24501›1014 Buchanan St

This home is located at 1014 Buchanan St in Lynchburg, VA and zip code 24501 in the College Hill neighborhood. This 1,630 square foot home, which was built in 1887, sits on a 0.15 acre lot. It has been listed on Rocket Homes since March 25, 2024 and is currently priced at $174,000.

In March 2024, from all listings sold in Lynchburg, VA there were more than 24 sold above asking price, over 32 sold below and more than 39 were sold right at the asked price. The inventory of homes for sale in Lynchburg, VA between February 2024 and March 2024 increased by 58.5%. The median list price of listings available in March 2024 was $259,971, while the average time on the real estate market was 26 days.

From Rocket Homes Real Estate and based on county public records data.