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Address Not Disclosed - MLS#351036, Lynchburg, VA, 24501

$749,900

Home List Price

$8,905*

Closing Credit

0 Baths
Multi
Schools Nearby

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Address Not Disclosed$749,900

Buyer Closing Credits

$8,905*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOff Street Parking, On-Street, Paved Drive, Unpaved Drive
Year Built1925
HeatingHeat Pump
CoolingHeat Pump
MLS #351036
Lot Size0.11 Acres
StatusActive

About This Home

6 Single family homes offered! Rents are continuing to go up with minimum wage set to rise in each of next 2 years so buy now and reap the benefits! 5 of the homes have been completely renovated with 4 done within the past year. All major systems done including heat pumps, windows, roofs, soffit, siding, gutters, insulation, appliances, paint, flooring, etc. No major surprises means equals more money in your pocket! 408 Floyd, 1320 4th (4 bed), 1003 Polk Streets currently in Housing Choice Voucher Program guaranteeing rent straight into your account each month currently at $3350. 100 Blue Ridge is a corner lot with fenced in yard completely re-done in 2017 with same tenants for last 6 years. 703 Hancock Street is only vacant property. This fix/flip or hold opportunity is already 85% to the studs. Home has new large retaining wall and new windows. All homes in tax abatement program with low taxes and high cash flow for years to come. Package sold AS IS. Invest today for your future!

Property Details

Property Features

Property Information:

  • Year Built: 1925

Listing Office:

  • Office Name: Keller Williams
  • Listing Agent: Jamey Parks

Interior Features

Interior Information:

  • Flooring Type: Vinyl

Exterior Features

Parking Information:

  • Parking: Off Street Parking, On-Street, Paved Drive, Unpaved Drive

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Heat Pump

School Info

Assigned Schools Information:

  • E.C. Glass High School, Public District Grades 9-12
  • Paul Laurence Dunbar Middle For Innovation, Public Magnet Grades 6-8
  • Perrymont Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $749,900

Tax Information:

  • Annual Amount: $444
  • 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

$264.7K

Med. Price/SqFt

$151

Avg. Days On Market

20

# of Sold Homes

116

This property vs Lynchburg

49 DAYS ON ROCKET

+29 Days

$749,900

+$485.1K More

KEY TAKEAWAY

This property is $485.1K more than the Median Sold Price in Lynchburg, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Lynchburg
  • MLS Number: #351036

Listing Office:

  • Office Name: Keller Williams
  • Listing Agent: Jamey Parks

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: 5/2/2024, 3:25:17 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 31, 2016Home Sold
$40,000

Tax History

YEARPROP. TAXASSESSMENT
2020$444$82,400
2019$416$82,400
2018$416$79,900
2017$416$79,900

History based on county public records data.

Payment Calculator

$3,810

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,315

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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-4544313
2
/10

  • Perrymont Elementary School

  • 409 Perrymont Ave

  • 1.00 miles

  • Public District Grades PK-5

Middle School

school-card-donut-4544314
4
/10

  • Paul Laurence Dunbar Middle For Innovation

  • 1200 Polk St # 1208

  • 1.66 miles

  • Public Magnet Grades 6-8

High School

school-card-donut-4544315
2
/10

  • E.C. Glass High School

  • 2111 Memorial Ave

  • 0.69 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 $43,201. The most common annual income of people living in Lynchburg, VA is between $35k-100k. The majority of families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Lynchburg›24501›Address Not Disclosed

This home, which was built in 1925, sits on a 0.11 acre lot. It has been listed on Rocket Homes since March 13, 2024 and is currently priced at $749,900.

In April 2024, from all listings sold in Lynchburg, VA there were more than 37 sold above asking price, over 34 sold below and more than 45 were sold right at the asked price. In April 2024 in Lynchburg, VA there were 78.1% more homes for sale than in March 2024. The median list price of listings available in April 2024 was $264,764, while the average time on the real estate market was 20 days.

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

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