3 months on rocket

714 Madison St, Lynchburg, VA, 24504

$210,000

Home List Price

$2,494*

Closing Credit

0 Baths
2,594 SqFt
$81/SqFt
Multi
Schools Nearby

Location

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714 Madison St, Lynchburg$210,000

Buyer Closing Credits

$2,494*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOn-Street
Year Built1880
HeatingHeat Pump
CoolingHeat Pump
MLS #350057
Lot Size0.14 Acres
StatusActive

About 714 Madison St

Welcome to your new duplex in downtown Lynchburg within walking distance to many shops and restaurants. Both units are currently rented and being managed by local property management company. Both units are very large three bedroom units with main level living and two bedrooms upstairs. Both units have heat pumps for heating/cooling. Don't miss your chance to get into investing in downtown Lynchburg.

Property Details

Property Features

Property Information:

  • Year Built: 1880
  • Living Area: 2,594 SqFt

Listing Office:

  • Office Name: Cornerstone Realty Group Inc
  • Listing Agent: Schyler C Higgins

Interior Features

Interior Information:

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

Exterior Features

Parking Information:

  • Parking: On-Street

Lot Features

Lot Information:

  • Lot Size: 0.14 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
  • Linkhorne Middle School, Public District Grades 6-8
  • Paul Munro Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Fifth Street to Madison

Price Information

Listing Price Info

Price Summary:

  • List Price: $210,000
  • Price Per SqFt: $81/SqFt

Tax Information:

  • Annual Amount: $547
  • 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

714 Madison St vs Lynchburg

101 DAYS ON ROCKET

+75 Days

$210,000

-$49.9K Less

$81/SqFt

-$70 Less

KEY TAKEAWAY

This property is $49.9K less than the Median Sold Price and $70/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: #350057

Listing Office:

  • Office Name: Cornerstone Realty Group Inc
  • Listing Agent: Schyler C Higgins

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: 4/28/2024, 3:25:18 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

Nov 25, 2014Home Sold
$94,400
Apr 19, 2006Home Sold
$40,000

Tax History

YEARPROP. TAXASSESSMENT
2020$547$87,000
2019$547$87,000
2018$547$87,000
2017$547$87,000

History based on county public records data.

Payment Calculator

$1,116

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$696

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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-2365509
8
/10

  • Paul Munro Elementary School

  • 4641 Locksview Rd

  • 4.22 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2365510
3
/10

  • Linkhorne Middle School

  • 2525 Linkhorne Dr

  • 2.55 miles

  • Public District Grades 6-8

High School

school-card-donut-2365511
2
/10

  • E.C. Glass High School

  • 2111 Memorial Ave

  • 1.23 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 $12,156. The majority of Lynchburg, VA residents have income less than $35k annually. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Lynchburg›24504›714 Madison St

This home is located at 714 Madison St in Lynchburg, VA and zip code 24504 in the College Hill neighborhood. This 2,594 square foot home, which was built in 1880, sits on a 0.14 acre lot. It has been listed on Rocket Homes since January 18, 2024 and is currently priced at $210,000.

While more than 24 listings in Lynchburg, VA in March 2024 were sold above asking price, there were more than 39 listings sold at asking price, and 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. 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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