**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
School Info
Assigned Schools Information:
Heritage High School, Public District Grades 9-12
Sandusky Middle School, Public District Grades 6-8
Sandusky Elementary School, Public District Grades PK-5
Price Information
Listing Price Info
Price Summary:
List Price: $495,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Lynchburg, VA.
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: 11/5/2024, 2:20:55 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
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,538
Per Month
Principal & Interest
$2,471
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,551
Powered By
Advertisement
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
3
/10
Sandusky Elementary School
5828 Apache Ln
Distance between this listing and this school4.20 miles
Public District Grades PK-5
Middle School
3
/10
Sandusky Middle School
805 Chinook Pl
Distance between this listing and this school4.18 miles
Public District Grades 6-8
High School
2
/10
Heritage High School
3020 Wards Ferry Rd
Distance between this listing and this school5.10 miles
Public District Grades 9-12
Assigned Schools
3
/10
Sandusky Elementary School
5828 Apache Ln
Distance between this listing and this school4.20 miles
Public District Grades PK-5
Nearby Schools
2
/10
Robert S. Payne Elementary School
1201 Floyd St
Distance between this listing and this school0.84 miles
Public District Grades PK-5
6
/10
William M. Bass Elementary School
1730 Seabury Ave
Distance between this listing and this school1.28 miles
Public District Grades PK-5
Assigned Schools
3
/10
Sandusky Middle School
805 Chinook Pl
Distance between this listing and this school4.18 miles
Public District Grades 6-8
Nearby Schools
4
/10
Paul Laurence Dunbar Middle For Innovation
1200 Polk St # 1208
Distance between this listing and this school0.58 miles
Public Magnet Grades 6-8
2
/10
Linkhorne Middle School
2525 Linkhorne Dr
Distance between this listing and this school3.12 miles
Public District Grades 6-8
Assigned Schools
2
/10
Heritage High School
3020 Wards Ferry Rd
Distance between this listing and this school5.10 miles
Public District Grades 9-12
Nearby Schools
3
/10
E.C. Glass High School
2111 Memorial Ave
Distance between this listing and this school1.70 miles
Public District Grades 9-12
5
/10
Brookville High School
100 Laxton Rd
Distance between this listing and this school7.01 miles
The neighbors living near this home have an average income of $17,586. Most Lynchburg, VA residents have annual incomes less than $35k. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
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.
What are the assigned schools for this property?
The assigned schools for 1504 Elm St are: Sandusky Elementary School: GreatSchools Rating 3/10Sandusky Middle School: GreatSchools Rating 3/10Heritage High School: GreatSchools Rating 2/10
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
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.
While more than 24 listings in Lynchburg, VA in October 2024 were sold above asking price, there were more than 30 listings sold at asking price, and more than 37 were sold below. The number of homes for sale in Lynchburg, VA decreased by 4.7% between September 2024 and October 2024. Listings spent 30 days on the market in October 2024, and had a median list price of $280,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.
NBA/WNBA
NBA/WNBA
Major League Soccer (MLS)
Pro Wrestling
Express/Express For Men
Banana Republic
Burlington
Starbucks
Sonic
Cicis Pizza
Pontiac
Infiniti
Oldsmobile
Urban Contemporary
News
Rhythmic Contemporary Hits