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Address Not Disclosed - MLS#351021, Lynchburg, VA, 24501

$899,900

Home List Price

$10,000*

Closing Credit

0 Baths
Multi
Schools Nearby

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Address Not Disclosed$899,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOff Street Parking, On-Street, Parking Lot
Year Built1903
HeatingForced Air, Heat Pump
CoolingHeat Pump, Wall Unit(s), Window Unit(s)
MLS #351021
Lot Size0.07 Acres
StatusAccepting Backup Offers
(Actv 1st RghtofRefus)

About This Home

Own two consecutive blocks of homes in the heart of Lynchburg totaling 10 doors and start cash flowing right away! 1612 Park Avenue is cleaned and ready for new tenant. This home is already in Housing Choice Voucher Program along with 1610, 1540, & 1536 as well as 918 Pierce Street located directly behind 1554 which includes 912 Pierce #s 1,2,3). Great income producing properties with promising value add potential. Some homes completely remodeled in last 2 years and all others have had some upgrades already. Sweet opportunity! Serious buyers only. Property sold As Is. Call today!

Property Details

Property Features

Property Information:

  • Year Built: 1903

Listing Office:

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

Interior Features

Interior Information:

  • Flooring Type: Carpet Over Wood, Concrete, Vinyl, Wood Floors

Exterior Features

Parking Information:

  • Parking: Off Street Parking, On-Street, Parking Lot

Lot Features

Lot Information:

  • Lot Size: 0.07 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Heat Pump
  • Cooling: Heat Pump, Wall Unit(s), 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
  • Robert S. Payne Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $899,900

Tax Information:

  • Annual Amount: $296
  • 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

This property vs Lynchburg

47 DAYS ON ROCKET

+21 Days

$899,900

+$639.9K More

KEY TAKEAWAY

This property is $639.9K 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: #351021

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: 4/29/2024, 12:55:18 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

Jun 01, 2021Home Sold
$74,900

Tax History

YEARPROP. TAXASSESSMENT
2020$296$35,500
2019$394$35,500
2018$394$35,500
2017$394$35,500

History based on county public records data.

Payment Calculator

$4,559

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,764

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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.

Elementary School

school-card-donut-2782209
3
/10

  • Robert S. Payne Elementary School

  • 1201 Floyd St

  • 0.23 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2782210
3
/10

  • Linkhorne Middle School

  • 2525 Linkhorne Dr

  • 2.20 miles

  • Public District Grades 6-8

High School

school-card-donut-2782211
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 $17,115. Residents of Lynchburg, VA typically earn less than $35k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

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

This home, which was built in 1903, sits on a 0.07 acre lot. It has been listed on Rocket Homes since March 12, 2024 and is currently priced at $899,900.

In March 2024, from all listings sold in Lynchburg, VA there were more than 24 sold above asking price, over 32 sold below and more than 39 were sold right at the asked price. The number of homes for sale in Lynchburg, VA increased by 58.5% between February 2024 and March 2024. The median list price of listings available in March 2024 was $259,971, while the average time on the real estate market was 26 days.

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

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