500 Amherst St, Lynchburg, VA, 24504

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500 Amherst St, Lynchburg$100,000

Buyer Closing Credits

$1,188^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

Year BuiltNew Const., 1890

HeatingForced Air

CoolingWindow Unit(s)

BasementYes

WaterfrontOther

FireplaceStove Insert

ViewOther

MLS #350952

Lot Size0.15 Acres

StatusActive

About 500 Amherst St

Attention Investors! Discover a diamond in the rough with this 3 bed, 2 bath investment property. This home offers spacious living areas and a layout ready for customization. The bonus room on the upper level was previously a second kitchen. Conveniently located near Downtown Lynchburg, restaurants, shopping, RT 29, RT 460, and more. Home is being sold As-Is. Vacant lot to the right of the home (504 Amherst St.) is also for sale and can be included with a reasonable offer. Zoned R-3. Schedule your showing today!

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Property Details

Property Features

Property Information:

• Architectural Style: Two Story
• Year Built: 1890
• Stories: 2
• Living Area: 1,854 SqFt

Listing Office:

• Office Name: Keller Williams
• Listing Agent: Kaylin N Moore

Interior Features

Interior Information:

• Appliances: None
• Basement: Yes
• Flooring Type: Laminate, Wood, Other
• Interior: Other
• Fireplace: Stove Insert

Bedroom and Bathroom Information:

• Full Bathrooms: 2
• Total Bedroom Count: 3

Exterior Features

Exterior Information:

• Waterfront: Other
• View: Other
• Exterior: Other

Lot Features

Lot Information:

• Lot: Other
• Lot Size: 0.15 Acres

Utilities

Utilities Information:

• Heating: Forced Air
• Cooling: Window Unit(s)

School Info

Assigned Schools Information:

• E.C. Glass High School, Public District Grades 9-12
• Linkhorne Middle School, Public District Grades 6-8
• Bedford Hills Elementary School, Public District Grades PK-5

Other

Directions Information:

• Directions: From Rivermont Ave., turn right onto Cabell St. Turn left at the 1st cross street onto Amherst St. Home will be on the right.

Price Information

Listing Price Info

Price Summary:

• List Price: $100,000
• Price Per SqFt: $54/SqFt

Tax Information:

• Annual Amount: $142
• Tax Year: 2020

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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

500 Amherst St vs Lynchburg

41 DAYS ON ROCKET

+15 Days

$100,000

-$159.9K Less

$54/SqFt

-$97 Less

KEY TAKEAWAY

This property is $159.9K less than the Median Sold Price and $97/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: #350952

Listing Office:

• Office Name: Keller Williams
• Listing Agent: Kaylin N Moore

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, 12:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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Property Sales & Tax

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$142	$51,000
2019	$556	$51,000
2018	$556	$50,100
2017	$556	$50,100

History based on county public records data.

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**Disclosures

Rocket Homes›Virginia›Lynchburg›24504›500 Amherst St

This home is located at 500 Amherst St in Lynchburg, VA and zip code 24504 in the Daniel's Hill neighborhood. This 1,854 square foot home, which was built in 1890, sits on a 0.15 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 16, 2024 and is currently priced at $100,000.

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. The number of homes for sale in Lynchburg, VA increased by 58.5% between February 2024 and March 2024. In March 2024, listings were on the market for 26 days. During the same period, the median list price in this real estate market was $259,971.

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