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900 5th St, Lynchburg, VA, 24504

$319,000

Home List Price

$3,788*

Closing Credit

4 Bedrooms
1 Full Bath, 1 Partial
3,100 SqFt
$103/SqFt
House
Schools Nearby

Location

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900 5th St, Lynchburg$319,000

Buyer Closing Credits

$3,788*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year BuiltNew Const., 1790
HeatingForced Air
CoolingCentral Air, Zoned
BasementYes
WaterfrontOther
Fireplace3+ Fireplaces, Den, Living Room, Primary Bedroom, Wood Burning
ViewOther
MLS #351011
Lot Size0.52 Acres
StatusActive

About 900 5th St

The Kentucky Hotel, circa 1790, sits at the corner of 5th St. and Jackson St. and consists of Six (6) separate parcels and alley totaling .52 Acres +/- (900, 906, 906A (alley) & 908 Fifth St. and 507, 509, 511 Jackson St.) The large expansive lot and B-4 Zoning allows for additional mixed-use development and abundant off-street parking. This property is one of only three remaining ordinaries still standing in Lynchburg, VA. The Kentucky Hotel is in remarkably great condition despite its age with a newly sealed and painted roof, new gutters and down spouts, security system and well maintained landscaping and grounds. Heating and cooling system is in working order. The building boasts Federal Style Architecture, 2 fireplaces on each level (8 total), 1.5 baths, and wood flooring throughout. Ideal redevelopment opportunity. *buyer to verify all lot sizes and building square footage. Can be viewed on City of Lynchburg Econ. Dev. https://sites.vedp.org/lynchburg/propertyid/299569

Property Details

Property Features

Property Information:

  • Architectural Style: Federal
  • Year Built: 1790
  • Stories: 2
  • Living Area: 3,100 SqFt

Listing Office:

  • Office Name: Coldwell Banker Commercial Read & Company
  • Listing Agent: Ricky Read

Interior Features

Interior Information:

  • Appliances: None
  • Basement: Yes
  • Flooring Type: Wood
  • Interior: Main Level Den, Plaster, Security System, Separate Dining Room
  • Fireplace: 3+ Fireplaces, Den, Living Room, Primary Bedroom, Wood Burning

Bedroom and Bathroom Information:

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

Exterior Features

Exterior Information:

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

Lot Features

Lot Information:

  • Lot: Other
  • Lot Size: 0.52 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air, Zoned

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: Property on corner of Fifth St. & Jackson St. near the Community Access Network.

Price Information

Listing Price Info

Price Summary:

  • List Price: $319,000
  • Price Per SqFt: $103/SqFt

Tax Information:

  • Annual Amount: $1,107
  • 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

900 5th St vs Lynchburg

46 DAYS ON ROCKET

+20 Days

$319,000

+$59K More

$103/SqFt

-$48 Less

KEY TAKEAWAY

This property is $59K more than the Median Sold Price and $48/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: #351011

Listing Office:

  • Office Name: Coldwell Banker Commercial Read & Company
  • Listing Agent: Ricky Read

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, 12:25:17 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

Jun 20, 2017Home Sold
$135,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,107$99,700
2019$700$99,700
2018$934$84,100
2017$934$84,100

History based on county public records data.

Payment Calculator

$1,660

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,023

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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-1248423
8
/10

  • Paul Munro Elementary School

  • 4641 Locksview Rd

  • 4.00 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1248424
3
/10

  • Linkhorne Middle School

  • 2525 Linkhorne Dr

  • 2.28 miles

  • Public District Grades 6-8

High School

school-card-donut-1248425
2
/10

  • E.C. Glass High School

  • 2111 Memorial Ave

  • 1.00 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. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 900 5th St

What is the listing price of this property?

The listing price of 900 5th St property is $319,000.

What type of property is this?

The property 900 5th St is a house located in Lynchburg, Virginia, 24504.

Is this property for sale now?

Active Listing: 900 5th St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 900 5th St are:
Paul Munro Elementary School: GreatSchools Rating 8/10
Linkhorne Middle School: GreatSchools Rating 3/10
E.C. Glass High School: GreatSchools Rating 2/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,107 (source: MLS/based on county public records data).

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

The last sale was on June 20, 2017 for $135,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 900 5th St has 4 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 900 5th St is 3,100 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 900 5th St is 1790.

Rocket Homes›Virginia›Lynchburg›24504›900 5th St

This home is located at 900 5th St in Lynchburg, VA and zip code 24504 in the College Hill neighborhood. This 3,100 square foot home, which was built in 1790, sits on a 0.52 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since March 12, 2024 and is currently priced at $319,000.

Lynchburg, VA housing market in March 2024 saw over 24 listings sold above listed price, more than 39 sold at listed price and over 32 sold below. The number of listings 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.

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