2221 Gills St, Lynchburg, VA, 24501

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2221 Gills St, Lynchburg$30,000

Buyer Closing Credits

$356^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

Year Built1919

HeatingFloor Furnace

CoolingCentral Air

MLS #356334

Lot Size0.29 Acres

StatusActive

About 2221 Gills St

Handyman Special!! Home suffered a fire on Aug 1. Tremendous opportunity to refurbish to flip or as a great rental property. 2 Bedrooms and 1 bath, Natural gas floor furnace and Central Air, and tankless water heater was all functional prior to fire, do not know condition currently. Roof is intact, as is plumbing. Fire was caused by a faulty surge protector. Modern electrical box, electrical main from meter box was replaced a year ago. Several broken windows and drywall pulled down. Large rear deck is partially covered and could be turned into laundry/mud room. Turn your home repair skills into money in your pocket. Seller is Listing Agent.

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Property Details

Property Features

Property Information:

• Architectural Style: Other, See Remarks
• Year Built: 1919
• Stories: 1
• Living Area: 765 SqFt

Listing Office:

• Office Name: Coldwell Banker Commercial Read & Company
• Office Phone: (434) 455-2285
• Listing Agent: Ray Snyder

Interior Features

Interior Information:

• Appliances: None
• Basement: No
• Flooring Type: Laminate, Vinyl
• Interior: Cable Available, Drywall, Main Level Bedroom, Main Level Den, Paneling, Washer Connections

Bedroom and Bathroom Information:

• Full Bathrooms: 1
• Total Bedroom Count: 2

Exterior Features

Exterior Information:

• Exterior: Gas Line, Off-Street Parking, Front Porch, Paved Drive, Garden Space

Lot Features

Lot Information:

• Lot Size: 0.29 Acres

Utilities

Utilities Information:

• Heating: Floor Furnace
• Cooling: Central Air

Other

Directions Information:

• Directions: From Campbell Ave in Lynchburg turn onto Light St. Home is on right at corner or Light and Gills St.

Price Information

Listing Price Info

Price Summary:

• List Price: $30,000
• Price Per SqFt: $39/SqFt

Tax Information:

• Annual Amount: $440
• 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

$281.1K

Med. Price/SqFt

$159

Avg. Days On Market

28

# of Sold Homes

103

2221 Gills St vs Lynchburg

11 DAYS ON ROCKET

-17 Days

$30,000

-$251.1K Less

$39/SqFt

-$121 Less

KEY TAKEAWAY

This property is $251.1K less than the Median Sold Price and $121/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: #356334

Listing Office:

• Office Name: Coldwell Banker Commercial Read & Company
• Office Phone: (434) 455-2285
• Listing Agent: Ray Snyder

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: 12/30/2024, 1:21:06 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

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$440	$39,600
2019	$440	$39,600
2018	$440	$39,600
2017	$440	$39,600

History based on county public records data.

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**Disclosures

Rocket Homes›Virginia›Lynchburg›24501›2221 Gills St

This home is located at 2221 Gills St in Lynchburg, VA and zip code 24501 in the Fairview Heights neighborhood. This 765 square foot home, which was built in 1919, sits on a 0.29 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since December 18, 2024 and is currently priced at $30,000.

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. The inventory of homes for sale in Lynchburg, VA between October 2024 and November 2024 decreased by 4.9%. In November 2024, listings were on the market for 28 days. During the same period, the median list price in this real estate market was $281,126.

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