4 months on rocket

503 Meadowridge Dr, Lynchburg, VA, 24503

$595,000

Home List Price

$7,066*

Closing Credit

4 Bedrooms
4 Full Baths, 1 Partial
4,270 SqFt
$139/SqFt
House
Schools Nearby

Location

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503 Meadowridge Dr, Lynchburg$595,000

Buyer Closing Credits

$7,066*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage Door Opener, Oversized, 24x30 Level: Level 1 Above Grade
Attached Garage2 spaces
Year BuiltNew Const., 1990
HeatingHeat Pump, Wood Stove
CoolingAttic Fan, Heat Pump, Zoned
BasementYes
Fireplace2 Fireplaces, Den, Gas Log, Glass Doors, Leased Propane Tank, Living Room, Primary Bedroom
ViewOther
MLS #349788
Lot Size1.47 Acres
StatusActive

About 503 Meadowridge Dr

Welcome to your newly renovated home in a sought after Boonsboro neighborhood, Meadowridge Farms. Updates include; all bathrooms, completely renovated kitchen, new windows, new carpet...the list goes on! Main level boasts a large family room, sitting room, one of 2 master ensuites, and breakfast nook with double sided gas log fireplace. The upper level has 2 large bedrooms, a second HUGE primary ensuite with separate sitting room, cozy gas logs, 4 closets, and a newly renovated luxury bathroom with glass enclosed walk-in shower and soaking tub. Partially finished walk-out terrace level has a rec. room, full bath, new LVP flooring, wood stove, and large unfinished storage space housing laundry. Plenty of storage throughout plus a detached 2 car garage and addt'l loft space for storage or finish off for income producing potential. This property offers the best of both worlds-a stylish, modern interior in a tranquil natural setting.

Property Details

Property Features

Property Information:

  • Architectural Style: Two Story
  • Year Built: 1990
  • Stories: 2
  • Living Area: 4,270 SqFt

Listing Office:

  • Office Name: Lauren Bell Real Estate, Inc.
  • Listing Agent: Liesel Lancaster

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Double Oven, Dryer, Microwave, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Carpet, Hardwood, Tile, Vinyl Plank
  • Interior: Cable Connections, Ceiling Fan(s), Drywall, Free-Standing Tub, Garden Tub, Main Level Bedroom, Main Level Den, Primary Bed w/Bath, Separate Dining Room, Skylights, Smoke Alarm, Tile Bath(s), Walk-In Closet(s)
  • Fireplace: 2 Fireplaces, Den, Gas Log, Glass Doors, Leased Propane Tank, Living Room, Primary Bedroom

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 4
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Other
  • Exterior: Paved Drive, Landscaped, Insulated Glass, Undergrnd Utilities, Golf Nearby

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Garage Door Opener, Oversized, 24x30 Level: Level 1 Above Grade

Virtual/3D Tour

  • 3D Tour: 503 Meadowridge Dr

3D Tour

Lot Features

Lot Information:

  • Lot: Paved, Landscaped, Near Golf Course
  • Lot Size: 1.47 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump, Wood Stove
  • Cooling: Attic Fan, Heat Pump, Zoned

Other

Directions Information:

  • Directions: Coffee Rd to Walnut Hallow, Right onto Meadowridge Dr. Drive all the way down Meadowridge (enjoy the mountain views!) until you come to the cul-de-sac. Home on the right. If GPS takes you to Blue Gap Rd - do NOT take those directions.

Price Information

Listing Price Info

Price Summary:

  • List Price: $595,000
  • Price Per SqFt: $139/SqFt

Tax Information:

  • Annual Amount: $1,443
  • Tax Year: 2021
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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

503 Meadowridge Dr vs Lynchburg

124 DAYS ON ROCKET

+104 Days

$595,000

+$330.2K More

$139/SqFt

-$12 Less

KEY TAKEAWAY

This property is $330.2K more than the Median Sold Price and $12/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: #349788

Listing Office:

  • Office Name: Lauren Bell Real Estate, Inc.
  • Listing Agent: Liesel Lancaster

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: 5/1/2024, 9:25:18 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 29, 2016Home Sold
$285,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,443$288,500
2020$1,443$288,500
2019$1,443$288,500

History based on county public records data.

Payment Calculator

$3,037

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,850

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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.

Nearby Schools

school-card-donut-4399789
7
/10

  • Boonsboro Elementary School

  • 1234 Eagle Cir

  • 0.96 miles

  • Public District Grades PK-5

school-card-donut-4399790
8
/10

  • Paul Munro Elementary School

  • 4641 Locksview Rd

  • 3.45 miles

  • Public District Grades PK-5

school-card-donut-4399791
3
/10

  • Bedford Hills Elementary School

  • 4330 Morningside Dr

  • 3.62 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $110,951. The most common annual income of people living in Lynchburg, VA is between $100k-200k. The majority of families are married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 503 Meadowridge Dr

What is the listing price of this property?

The listing price of 503 Meadowridge Dr property is $595,000.

What type of property is this?

The property 503 Meadowridge Dr is a house located in Lynchburg, Virginia, 24503.

Is this property for sale now?

Active Listing: 503 Meadowridge Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,443 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on August 29, 2016 for $285,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 503 Meadowridge Dr has 4 bedrooms and 4 full and 1 half bathrooms.

What is the square footage of this property?

The property 503 Meadowridge Dr is 4,270 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 503 Meadowridge Dr is 1990.

Rocket Homes›Virginia›Lynchburg›24503›503 Meadowridge Dr

This home is located at 503 Meadowridge Dr in Lynchburg, VA and zip code 24503. This 4,270 square foot home, which was built in 1990, sits on a 1.47 acre lot. Features: 4 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since December 29, 2023 and is currently priced at $595,000.

While more than 37 listings in Lynchburg, VA in April 2024 were sold above asking price, there were more than 45 listings sold at asking price, and more than 34 were sold below. The number of homes for sale in Lynchburg, VA increased by 78.1% between March 2024 and April 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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