This 1 acre lot already has a huge poured cement foundation in place, The seller had plans drawn up to construct a two story home with a 3 car garage & full unfinished basement with high ceilings. Perfect for those wanting to potentially build their dream home, or potentially develop along with the additional 12.97 acres that surround property on a separate parcel for sale. This has unlimited potential for either building or a place to call home. Come see how this will work for you today.
Property Details
Property Features
Listing Office:
Office Name: Long & Foster-Forest
Listing Agent: Mike Osei Jr.
Lot Features
Lot Information:
Lot: Other
Lot Size: 1.00 Acres
Other
Directions Information:
Directions: Put 137 Cherry Lane in GPS, it will take you to the road, go down gravel road past houses on left to vacant lot with poured foundation. Look for the sign.
Price Information
Listing Price Info
Price Summary:
List Price: $99,900
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Madison Heights, VA.
This property is $135K less than the Median Sold Price in Madison Heights, VA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Lynchburg
MLS Number: #345178
Listing Office:
Office Name: Long & Foster-Forest
Listing Agent: Mike Osei Jr.
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: 4/29/2024, 11:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$566
Per Month
Principal & Interest
$499
Home PriceThe dollar amount you pay for the home.
$
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 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.
$%
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.
Property Taxes
$0
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
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
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
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
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
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$366
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
Madison Heights Elementary School
287 Learning Ln
Distance between this listing and this school1.97 miles
Public District Grades PK-5
3
/10
Amelon Elementary School
132 Amer Cir
Distance between this listing and this school2.51 miles
Public District Grades PK-5
3
/10
Robert S. Payne Elementary School
1201 Floyd St
Distance between this listing and this school3.56 miles
Public District Grades PK-5
Nearby Schools
3
/10
Monelison Middle School
257 Trojan Rd
Distance between this listing and this school1.42 miles
Public District Grades 6-8
4
/10
Paul Laurence Dunbar Middle For Innovation
1200 Polk St # 1208
Distance between this listing and this school3.29 miles
Public Magnet Grades 6-8
3
/10
Linkhorne Middle School
2525 Linkhorne Dr
Distance between this listing and this school5.31 miles
Public District Grades 6-8
Nearby Schools
2
/10
E.C. Glass High School
2111 Memorial Ave
Distance between this listing and this school4.25 miles
Public District Grades 9-12
2
/10
Heritage High School
3020 Wards Ferry Rd
Distance between this listing and this school7.86 miles
Public District Grades 9-12
4
/10
Amherst County High School
139 Lancer Ln
Distance between this listing and this school9.47 miles
The neighbors living near this home have an average income of $51,856. Most Madison Heights, VA residents have annual incomes between $35k-100k. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 137 Cherry Ln
What is the listing price of this property?
The listing price of 137 Cherry Ln property is $99,900.
What type of property is this?
The property 137 Cherry Ln is land located in Madison Heights, Virginia, 24572.
Is this property for sale now?
Active Listing: 137 Cherry Ln is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 137 Cherry Ln in Madison Heights, VA and zip code 24572. This home sits on a 1.00 acre lot. It has been listed on Rocket Homes since July 13, 2023 and is currently priced at $99,900.
In March 2024 more than 3 listings in Madison Heights, VA were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 6 were sold below. In March 2024 in Madison Heights, VA there were 37.8% more homes for sale than in February 2024. Listings spent 85 days on the market in March 2024, and had a median list price of $234,900 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Extreme Sports
Extreme Sports
Figure Skating
NASCAR
Academy Sports & Outdoors
Kmart
Dollar General
Little Caesars
Bob Evans
Cracker Barrel
Chevrolet
Buick
Ram
Country
Oldies