15 days on rocket

Sale Pending

86 Salem Rd, Evington, VA, 24550

$299,900

Home List Price

$3,561*

Closing Credit

0 Baths
3,480 SqFt
$86/SqFt
Multi
Schools Nearby

Location

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86 Salem Rd, Evington$299,900

Buyer Closing Credits

$3,561*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOff Street Parking
Year Built1976
HeatingBaseboard, Forced Air
CoolingCentral Air, Window Unit(s)
MLS #351715
Lot Size0.31 Acres
StatusSale Pending
(Pending)

About 86 Salem Rd

Located in Campbell County less than 10 minutes from Liberty University and 5 minutes to shops, restaurants, and businesses on Timberlake Rd is this 4 plex investment property waiting for its new owner! Two of the units feature spacious 2 bedrooms and 1 bathroom layout, while the remaining two units downstairs offer a cozy 1 bedroom and 1 bath configuration. Currently all 4 units are leased generating a total gross income of $2,080/month showcasing the properties strong revenue potential and stability. This steady income stream provides investors with a lucrative opportunity to capitalize on the thriving rental market in Lynchburg. Whether you're a seasoned investor looking to expand your portfolio or a discerning buyer seeking a profitable income property, this 4 plex is located in a fantastic spot in close proximity to all Lynchburg has to offer. Don't wait long!

Property Details

Property Features

Property Information:

  • Year Built: 1976
  • Living Area: 3,480 SqFt

Listing Office:

  • Office Name: Nolen Real Estate
  • Listing Agent: Thomas R Nolen

Interior Features

Interior Information:

  • Flooring Type: Carpet, Vinyl

Exterior Features

Parking Information:

  • Parking: Off Street Parking

Lot Features

Lot Information:

  • Lot Size: 0.31 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Forced Air
  • Cooling: Central Air, Window Unit(s)

School Info

Assigned Schools Information:

  • Brookville High School, Public District Grades 9-12
  • Brookville Middle School, Public District Grades 6-8
  • Tomahawk Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $299,900
  • Price Per SqFt: $86/SqFt

Tax Information:

  • Annual Amount: $970
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Evington, VA.

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Evington, VA

City

Med. Sold Price

$320K

Med. Price/SqFt

$184

Avg. Days On Market

32

# of Sold Homes

8

86 Salem Rd vs Evington

15 DAYS ON ROCKET

-17 Days

$299,900

-$20.1K Less

$86/SqFt

-$98 Less

KEY TAKEAWAY

This property is $20.1K less than the Median Sold Price and $98/SqFt less than other homes in Evington, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Lynchburg
  • MLS Number: #351715

Listing Office:

  • Office Name: Nolen Real Estate
  • Listing Agent: Thomas R Nolen

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, 12:55:17 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$970$186,600
2020$970$186,600
2019$1,021$186,600
2018$1,021$196,400
2017$1,021$196,400

History based on county public records data.

Payment Calculator

$1,564

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$966

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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-4495907
5
/10

  • Tomahawk Elementary School

  • 155 Bee Dr

  • 2.82 miles

  • Public District Grades PK-5

Middle School

school-card-donut-4495908
4
/10

  • Brookville Middle School

  • 320 Bee Dr

  • 2.86 miles

  • Public District Grades 6-8

High School

school-card-donut-4495909
6
/10

  • Brookville High School

  • 100 Laxton Rd

  • 2.96 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 $66,720. Residents of Evington, VA typically earn between $35k-100k each year. The most common type of family is married, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Campbell County›Evington›24550›86 Salem Rd

This home is located at 86 Salem Rd in Evington, VA and zip code 24550. This 3,480 square foot home, which was built in 1976, sits on a 0.31 acre lot. It has been listed on Rocket Homes since April 16, 2024 and is currently priced at $299,900.

Over 1 listings were sold over their listed price in April 2024 in Evington, VA. In the same period over 4 listings were sold below the listed price and 3 listings were sold for the listed price. The inventory of homes for sale in Evington, VA between March 2024 and April 2024 increased by 68.4%. The median list price of listings available in April 2024 was $320,000, while the average time on the real estate market was 32 days.

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

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