1609 Rivermont Ave, Lynchburg, VA, 24503

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1609 Rivermont Ave, Lynchburg$349,900

Buyer Closing Credits

$4,155^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeMulti Family

ParkingOn-Street

Year Built1912

HeatingForced Air

CoolingCentral Air

MLS #354754

Lot Size0.18 Acres

StatusActive

About 1609 Rivermont Ave

Located in the heart of downtown Lynchburg, 1609 Rivermont Ave is a rare gem, offering both timeless character and modern cashflow potential. This beautifully restored historic property has been converted into a fully occupied triplex, making it an ideal addition to any investors portfolio. Each unit is currently leased, ensuring immediate income and long-term stability. With its prime location on the iconic Rivermont Avenue, tenants enjoy proximity to vibrant shops, dining, and entertainment, making this a highly desirable rental property. Dont miss your chance to own a piece of Lynchburgs history while enjoying consistent returns. Schedule a showing today and experience firsthand the potential of 1609 Rivermont Ave.

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Property Details

Property Features

Property Information:

• Year Built: 1912
• Living Area: 3,267 SqFt

Listing Office:

• Office Name: Keller Williams
• Listing Agent: Noah Kessler

Interior Features

Interior Information:

• Flooring Type: Vinyl, Wood Floors

Exterior Features

Parking Information:

• Parking: On-Street

Lot Features

Lot Information:

• Lot Size: 0.18 Acres

Utilities

Utilities Information:

• Heating: Forced Air
• Cooling: Central Air

Other

Directions Information:

• Directions: Take Rivermont Ave to 1609.

Price Information

Listing Price Info

Price Summary:

• List Price: $349,900
• Price Per SqFt: $107/SqFt

Tax Information:

• Annual Amount: $2,070
• Tax Year: 2020

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Housing Market Comparison

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

Lynchburg, VA

City

Med. Sold Price

$280K

Med. Price/SqFt

$158

Avg. Days On Market

30

# of Sold Homes

91

1609 Rivermont Ave vs Lynchburg

62 DAYS ON ROCKET

+32 Days

$349,900

+$69.9K More

$107/SqFt

-$52 Less

KEY TAKEAWAY

This property is $69.9K more than the Median Sold Price and $52/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: #354754

Listing Office:

• Office Name: Keller Williams
• Listing Agent: Noah Kessler

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.

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Property Sales & Tax

Listing History

DATE	EVENT	PRICE
Nov 05, 2015	Nov 05, 2015Home Sold	$135,000

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$2,070	$186,500
2019	$2,022	$186,500
2018	$2,022	$182,200
2017	$2,022	$182,200

History based on county public records data.

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**Disclosures

Rocket Homes›Virginia›Lynchburg›24503›1609 Rivermont Ave

This home is located at 1609 Rivermont Ave in Lynchburg, VA and zip code 24503 in the Rivermont neighborhood. This 3,267 square foot home, which was built in 1912, sits on a 0.18 acre lot. It has been listed on Rocket Homes since September 20, 2024 and is currently priced at $349,900.

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 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.