2400 Garfield Ave, Lynchburg, VA, 24501

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2400 Garfield Ave, Lynchburg$115,000

Buyer Closing Credits

$1,366^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

Year Built1900

HeatingHeat Pump

CoolingHeat Pump

ViewOther

MLS #353966

Lot Size0.14 Acres

StatusActive

About 2400 Garfield Ave

Seize the chance to own a cash-flowing property with reliable, long-term tenants eager to stay. Currently rented at $875 per month under Section 8, this property has the potential to generate $1,150 per month as a long-term rental with the current tenants. Alternatively, you can update the property and capitalize on its prime location near three collegesperfect for attracting student renters at $600-$700 per room!

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Property Details

Property Features

Property Information:

• Architectural Style: Two Story
• Year Built: 1900
• Stories: 2
• Living Area: 1,354 SqFt

Listing Office:

• Office Name: Keller Williams
• Office Phone: (434) 534-9113
• Listing Agent: Tim Bushnell

Interior Features

Interior Information:

• Appliances: Electric Range, Refrigerator
• Basement: No
• Flooring Type: Carpet, Hardwood, Laminate
• Interior: Main Level Bedroom, Main Level Den, Dryer Connection, Main Level, Washer Connections

Bedroom and Bathroom Information:

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

Exterior Features

Exterior Information:

• View: Other
• Exterior: Other

Lot Features

Lot Information:

• Lot Size: 0.14 Acres

Utilities

Utilities Information:

• Heating: Heat Pump
• Cooling: Heat Pump

School Info

Assigned Schools Information:

• Heritage High School, Public District Grades 9-12
• Sandusky Middle School, Public District Grades 6-8
• William M. Bass Elementary School, Public District Grades PK-5

Other

Directions Information:

• Directions: Right from Kemper/Campbell onto Edmund Rd, left on Garfield, first house on left on Garfield Ave. GPS works

Price Information

Listing Price Info

Price Summary:

• List Price: $115,000
• Price Per SqFt: $85/SqFt

Tax Information:

• Annual Amount: $729
• 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

$279.3K

Med. Price/SqFt

$158

Avg. Days On Market

29

# of Sold Homes

122

2400 Garfield Ave vs Lynchburg

36 DAYS ON ROCKET

+7 Days

$115,000

-$164.3K Less

$85/SqFt

-$73 Less

KEY TAKEAWAY

This property is $164.3K less than the Median Sold Price and $73/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: #353966

Listing Office:

• Office Name: Keller Williams
• Office Phone: (434) 534-9113
• Listing Agent: Tim Bushnell

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: 9/20/2024, 10:20:56 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	$729	$65,700
2019	$729	$65,700
2018	$729	$65,700
2017	$729	$65,700

History based on county public records data.

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**Disclosures

Rocket Homes›Virginia›Lynchburg›24501›2400 Garfield Ave

This home is located at 2400 Garfield Ave in Lynchburg, VA and zip code 24501 in the Seminary Hill neighborhood. This 1,354 square foot home, which was built in 1900, sits on a 0.14 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 15, 2024 and is currently priced at $115,000.

Lynchburg, VA housing market in August 2024 saw over 27 listings sold above listed price, more than 49 sold at listed price and over 46 sold below. The number of homes for sale in Lynchburg, VA decreased by 6% between July 2024 and August 2024. The median list price of listings available in August 2024 was $279,385, while the average time on the real estate market was 29 days.

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