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1603 Somerset Dr, Lynchburg, VA, 24503

$339,900

Home List Price

$4,036*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
1,595 SqFt
$213/SqFt
House

Location

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1603 Somerset Dr, Lynchburg$339,900

Buyer Closing Credits

$4,036*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1939
HeatingSteam, Gas
CoolingCentral Air, Zoned
BasementYes
Fireplace1 Fireplace, Living Room, Stove Insert
MLS #356237
Lot Size0.31 Acres
StatusActive

About 1603 Somerset Dr

This elegantly renovated two-story brick home is conveniently located within walking distance of the Kroger Shopping Center and Oakwood Country Club. Situated on a tranquil street with alley access for rear parking, the property has recently undergone significant upgrades. The kitchen has been expanded and features new cabinets, granite countertops, and modern, stainless appliances. Beautiful hardwood flooring extends throughout both levels of the home. A sunroom equipped with a gas wall heater provides warmth during winter months. The bathrooms on both the main and upper levels have been recently updated. The basement has seen partial finishing in the past. A screened porch adjacent to the kitchen opens up to a newly constructed spacious deck, which leads to a brick paver patio ideal for picnics and evenings by the firepit. Additionally, there is a fenced area suitable for a dog run or garden. The home is equipped with a Generac generator. New Roof and A/C unit in 2019

Property Details

Property Features

Property Information:

  • Architectural Style: Two Story
  • Year Built: 1939
  • Stories: 2
  • Living Area: 1,595 SqFt

Listing Office:

  • Office Name: LPT Realty, Inc
  • Office Phone: (267) 241-1073
  • Listing Agent: Sky N Pacot

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Gas Range, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood
  • Interior: Cable Available, Cable Connections, Ceiling Fan(s), Drywall, Plaster, Separate Dining Room, Basement, Dryer Connection, Washer Connections
  • Fireplace: 1 Fireplace, Living Room, Stove Insert

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Deck, Gas Line, Off-Street Parking, Patio, Porch, Rear Porch, Whole House Generator, Pool Nearby, Garden Space, Screened Porch, Storm Windows, Storm Doors, Tennis Courts Nearby, Club House Nearby

Lot Features

Lot Information:

  • Lot Size: 0.31 Acres

Utilities

Utilities Information:

  • Heating: Steam, Gas
  • Cooling: Central Air, Zoned

Other

Directions Information:

  • Directions: Boonsboro Rd to Somerset Dr to home on left at the end.

Price Information

Listing Price Info

Price Summary:

  • List Price: $339,900
  • Price Per SqFt: $213/SqFt

Tax Information:

  • Annual Amount: $1,156
  • 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

$281.1K

Med. Price/SqFt

$159

Avg. Days On Market

28

# of Sold Homes

103

1603 Somerset Dr vs Lynchburg

7 DAYS ON ROCKET

-21 Days

$339,900

+$58.7K More

$213/SqFt

+$53 More

KEY TAKEAWAY

This property is $58.7K more than the Median Sold Price and $53/SqFt more than other homes in Lynchburg, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Lynchburg
  • MLS Number: #356237

Listing Office:

  • Office Name: LPT Realty, Inc
  • Office Phone: (267) 241-1073
  • Listing Agent: Sky N Pacot

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: 12/21/2024, 11:21:07 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

Jan 22, 2019Home Sold
$107,000

Tax History

YEARPROP. TAXASSESSMENT
2020$1,156$104,100
2019$1,166$104,100
2018$1,719$154,900
2017$1,719$154,900

History based on county public records data.

Payment Calculator

$1,764

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,086

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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-813561
2
/10

  • Bedford Hills Elementary School

  • 4330 Morningside Dr

  • 0.60 miles

  • Public District Grades KG-5

school-card-donut-813562
5
/10

  • Paul Munro Elementary School

  • 4641 Locksview Rd

  • 0.90 miles

  • Public District Grades PK-5

school-card-donut-813563
2
/10

  • Linkhorne Elementary School

  • 2501 Linkhorne Dr

  • 1.48 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $92,328. The most common annual income of people living in Lynchburg, VA is between $35k-100k. The majority of families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1603 Somerset Dr

What is the listing price of this property?

The listing price of 1603 Somerset Dr property is $339,900.

What type of property is this?

The property 1603 Somerset Dr is a house located in Lynchburg, Virginia, 24503.

Is this property for sale now?

Active Listing: 1603 Somerset Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,156 (source: MLS/based on county public records data).

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

The last sale was on January 22, 2019 for $107,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1603 Somerset Dr has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 1603 Somerset Dr is 1,595 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1603 Somerset Dr is 1939.

Rocket Homes›Virginia›Lynchburg›24503›1603 Somerset Dr

This home is located at 1603 Somerset Dr in Lynchburg, VA and zip code 24503 in the Bedford Hills neighborhood. This 1,595 square foot home, which was built in 1939, sits on a 0.31 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 14, 2024 and is currently priced at $339,900.

Over 25 listings were sold over their listed price in November 2024 in Lynchburg, VA. In the same period over 44 listings were sold below the listed price and 34 listings were sold for the listed price. In November 2024 in Lynchburg, VA there were 4.9% less homes for sale than in October 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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