2 months on rocket

1504 Elm St, Lynchburg, VA, 24504

$495,000

1.38 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeUnimproved Land
MLS #354393
Lot Size1.38 Acres
StatusActive

About 1504 Elm St

**Prime Downtown Lynchburg Land - 1.38 Acres** Discover a rare gem in the heart of downtown Lynchburg! This expansive 1.38-acre undeveloped lot offers unparalleled opportunities with potential for up to 22 townhomes. Enjoy stunning views of the James River and the convenience of walking to Lynchburgs vibrant downtown attractions. This unique parcel combines city living with picturesque landscapes, making it perfect for a residential development or investment. Seize the chance to transform this prime location into a thriving community with panoramic river views and easy access to the best of downtown Lynchburg. Act fast - opportunities like this are one in a million!

Property Details

Property Features

Listing Office:

  • Office Name: eXp Realty LLC-Lynchburg
  • Office Phone: (434) 849-8597
  • Listing Agent: Christopher Kiger

Lot Features

Lot Information:

  • Lot Size: 1.38 Acres

Price Information

Listing Price Info

Price Summary:

  • List Price: $495,000
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Housing Market Comparison

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

Med. Sold Price

$280K

Med. Price/SqFt

$158

Avg. Days On Market

30

# of Sold Homes

91

1504 Elm St vs Lynchburg

82 DAYS ON ROCKET

+52 Days

$495,000

+$215K More

KEY TAKEAWAY

This property is $215K 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: #354393

Listing Office:

  • Office Name: eXp Realty LLC-Lynchburg
  • Office Phone: (434) 849-8597
  • Listing Agent: Christopher Kiger

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: 11/21/2024, 12:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,538

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,551

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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.

Nearby Schools

school-card-donut-290617
2
/10
  • R. S. Payne Elementary School

  • 1201 Floyd St

  • 0.84 miles

  • Public District Grades PK-5

school-card-donut-290618
6
/10
  • William M. Bass Elementary School

  • 1730 Seabury Ave

  • 1.28 miles

  • Public District Grades KG-5

school-card-donut-290619
6
/10
  • Dearington Elementary School

  • 210 Smyth St

  • 1.48 miles

  • Public Magnet Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $17,586. The majority of Lynchburg, VA residents have income less than $35k annually. Typical family type is 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 1504 Elm St

What is the listing price of this property?

The listing price of 1504 Elm St property is $495,000.

What type of property is this?

The property 1504 Elm St is land located in Lynchburg, Virginia, 24504.

Is this property for sale now?

Active Listing: 1504 Elm St is For Sale (Active/New) which means the seller is accepting offers.

How much acreage is this property?

The property 1504 Elm St is 1.38 acres.
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Rocket HomesVirginiaLynchburg245041504 Elm St

This home is located at 1504 Elm St in Lynchburg, VA and zip code 24504 in the Diamond Hill neighborhood. This home sits on a 1.38 acre lot. It has been listed on Rocket Homes since August 30, 2024 and is currently priced at $495,000.

Lynchburg, VA housing market in October 2024 saw over 24 listings sold above listed price, more than 30 sold at listed price and over 37 sold below. The number of listings in Lynchburg, VA decreased by 4.7% between September 2024 and October 2024. In October 2024, listings were on the market for 30 days. During the same period, the median list price in this real estate market was $280,000.

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

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