2 months on rocket

151 Homewood Dr, Lynchburg, VA, 24502

$229,000

Home List Price

$2,719*

Closing Credit

0 Baths
1,839 SqFt
$125/SqFt
Multi

Location

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151 Homewood Dr, Lynchburg$229,000

Buyer Closing Credits

$2,719*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Parking2 Spaces/Unit, Off Street Parking, On-Street
Year Built1954
HeatingBaseboard, Heat Pump
CoolingHeat Pump, Window Unit(s)
MLS #355994
Lot Size0.54 Acres
StatusActive

About 151 Homewood Dr

**INVESTORS Take Note!** Great Cash Flow at this Campbell Co property on .54 acres. Cape Cod main house is a 1234 sf 4 bed/2 bath with County Water/Sewer; a new heat pump, 200 amp meter & water heater; updated electric and plumbing & some replacement windows. Separated by the laundry porch (where coin operated machines can bump cash flow) another POTENTIAL 543 sf 1 BR apartment can be created/completed with the addition of a tub/shower, closet and micro kitchen. It has a 100 amp meter. ALSO, there is a 3 bed/1 bath singlewide in good condition with County Water and its own septic system; a 200 amp meter. Great Campbell Co schools and low taxes! As an investment property, this cash flow is huge; 2024 Fair Market Rents are: $1627 for a 4 BR, $1494 for a 3 BR, $966 for a 1 BR. Financing is already approved for this property with Farmers Bank. At $229,000 this is a steal! Call for a showing today!!

Property Details

Property Features

Property Information:

  • Year Built: 1954
  • Living Area: 1,839 SqFt

Listing Office:

  • Office Name: Epique Inc
  • Office Phone: (512) 387-0722
  • Listing Agent: Susan E Murray

Interior Features

Interior Information:

  • Flooring Type: Ceramic Tile, Concrete, Vinyl, Wood Floors

Exterior Features

Parking Information:

  • Parking: 2 Spaces/Unit, Off Street Parking, On-Street

Lot Features

Lot Information:

  • Lot Size: 0.54 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Heat Pump
  • Cooling: Heat Pump, Window Unit(s)

Other

Directions Information:

  • Directions: From Timberlake Road turn East on Homewood/Rt 791. Silver Line Automotive car dealership and AID Tire and Auto Repair are at this corner ~ just west of Waterlick Road.

Price Information

Listing Price Info

Price Summary:

  • List Price: $229,000
  • Price Per SqFt: $125/SqFt

Tax Information:

  • Annual Amount: $686
  • Tax Year: 2021
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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

$281.1K

Med. Price/SqFt

$159

Avg. Days On Market

28

# of Sold Homes

103

151 Homewood Dr vs Lynchburg

70 DAYS ON ROCKET

+42 Days

$229,000

-$52.1K Less

$125/SqFt

-$35 Less

KEY TAKEAWAY

This property is $52.1K less than the Median Sold Price and $35/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: #355994

Listing Office:

  • Office Name: Epique Inc
  • Office Phone: (512) 387-0722
  • Listing Agent: Susan E Murray

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: 12/3/2024, 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

Tax History

YEARPROP. TAXASSESSMENT
2021$686$131,900
2020$686$131,900
2019 - $131,900

History based on county public records data.

Payment Calculator

$1,210

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$753

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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.

Nearby Schools

school-card-donut-3489326
6
/10

  • Tomahawk Elementary School

  • 155 Bee Dr

  • 1.34 miles

  • Public District Grades PK-5

school-card-donut-3489327
6
/10

  • Leesville Road Elementary School

  • 25 Lewis Way

  • 1.55 miles

  • Public District Grades PK-5

school-card-donut-3489328
8
/10

  • Thomas Jefferson Elementary School

  • 1255 Patriot Pl

  • 3.10 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $36,780. Typical income of Lynchburg, VA residents is less than $35k annually. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Lynchburg›24502›151 Homewood Dr

This home is located at 151 Homewood Dr in Lynchburg, VA and zip code 24502. This 1,839 square foot home, which was built in 1954, sits on a 0.54 acre lot. It has been listed on Rocket Homes since September 24, 2024 and is currently priced at $229,000.

In November 2024 more than 25 listings in Lynchburg, VA were sold above the asking price. During the same period more than 34 listings were sold at asking price, while more than 44 were sold below. The number of homes for sale in Lynchburg, VA decreased by 4.9% between October 2024 and November 2024. In November 2024 median list price was $281,126 and the average listing age was 28 days.

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

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