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1507 Floyd St, Lynchburg, VA, 24501

$185,000

Home List Price

$2,197*

Closing Credit

4 Bedrooms
2 Full Baths
1,992 SqFt
$93/SqFt
House
Schools Nearby

Location

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1507 Floyd St, Lynchburg$185,000

Buyer Closing Credits

$2,197*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year BuiltNew Const., 1900
HeatingHeat Pump
CoolingHeat Pump
ViewOther
MLS #351863
Lot Size0.12 Acres
StatusActive

About 1507 Floyd St

Investor's Dream! Don't miss out on this incredible opportunity to invest in a prime property located at 1507 Floyd St. This property is a hidden gem with unlimited potential and incredible value. With its convenient proximity to major transportation routes, business districts, and popular amenities, this property is sure to attract tenants and generate a steady cash flow. The property itself boasts a spacious and well-maintained structure, providing a solid foundation for any investor's vision. With a versatile floor plan, this property can be easily adapted to suit various investment strategies. Investors will appreciate the potential for significant appreciation in this rapidly growing neighborhood. The surrounding area has seen tremendous growth in recent years, with new businesses, restaurants, and entertainment venues popping up, attracting a vibrant and diverse community. Set up your private showing today!

Property Details

Property Features

Property Information:

  • Architectural Style: Two Story
  • Year Built: 1900
  • Stories: 2
  • Living Area: 1,992 SqFt

Listing Office:

  • Office Name: Cornerstone Realty Group Inc
  • Listing Agent: Richie Sparrow

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Electric Range, Refrigerator
  • Basement: No
  • Flooring Type: Carpet, Tile, Vinyl Plank
  • Interior: Cable Available, Ceiling Fan(s), Drywall, Smoke Alarm

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Other
  • Exterior: Garden Space, Landscaped

Lot Features

Lot Information:

  • Lot: Garden, Landscaped
  • Lot Size: 0.12 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Heat Pump

School Info

Assigned Schools Information:

  • Heritage High School, Public District Grades 9-12
  • Sandusky Middle School, Public District Grades 6-8
  • Sheffield Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Take Kemper St to 15th then a right on Floyd.

Price Information

Listing Price Info

Price Summary:

  • List Price: $185,000
  • Price Per SqFt: $93/SqFt

Tax Information:

  • Annual Amount: $766
  • Tax Year: 2020
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Housing Market Comparison

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

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Lynchburg, VA

City

Med. Sold Price

$259.9K

Med. Price/SqFt

$150

Avg. Days On Market

26

# of Sold Homes

95

1507 Floyd St vs Lynchburg

2 DAYS ON ROCKET

-24 Days

$185,000

-$74.9K Less

$93/SqFt

-$58 Less

KEY TAKEAWAY

This property is $74.9K less than the Median Sold Price and $58/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: #351863

Listing Office:

  • Office Name: Cornerstone Realty Group Inc
  • Listing Agent: Richie Sparrow

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: 4/26/2024, 8:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$766$69,000
2019$743$69,000
2018$743$66,900
2017$743$66,900

History based on county public records data.

Payment Calculator

$991

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$621

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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.

Elementary School

school-card-donut-543186
3
/10

  • Sheffield Elementary School

  • 115 Kenwood Pl

  • 3.42 miles

  • Public District Grades PK-5

Middle School

school-card-donut-543187
3
/10

  • Sandusky Middle School

  • 805 Chinook Pl

  • 3.37 miles

  • Public District Grades 6-8

High School

school-card-donut-543188
2
/10

  • Heritage High School

  • 3020 Wards Ferry Rd

  • 4.30 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $22,606. Most Lynchburg, VA residents have annual incomes less than $35k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1507 Floyd St

What is the listing price of this property?

The listing price of 1507 Floyd St property is $185,000.

What type of property is this?

The property 1507 Floyd St is a house located in Lynchburg, Virginia, 24501.

Is this property for sale now?

Active Listing: 1507 Floyd St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1507 Floyd St are:
Sheffield Elementary School: GreatSchools Rating 3/10
Sandusky Middle School: GreatSchools Rating 3/10
Heritage High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $766 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1507 Floyd St has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1507 Floyd St is 1,992 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1507 Floyd St is 1900.

Rocket Homes›Virginia›Lynchburg›24501›1507 Floyd St

This home is located at 1507 Floyd St in Lynchburg, VA and zip code 24501 in the Diamond Hill neighborhood. This 1,992 square foot home, which was built in 1900, sits on a 0.12 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 23, 2024 and is currently priced at $185,000.

In March 2024 more than 24 listings in Lynchburg, VA were sold above the asking price. During the same period more than 39 listings were sold at asking price, while more than 32 were sold below. In March 2024 in Lynchburg, VA there were 58.5% more homes for sale than in February 2024. While the average time on the market in March 2024 was 26 days, the median list price was $259,971.

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

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