2802 Loraine St, Lynchburg, VA, 24504

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2802 Loraine St, Lynchburg$55,000

Buyer Closing Credits

$653^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

Year Built1935

HeatingHeat Pump

CoolingHeat Pump

MLS #351632

Lot Size0.26 Acres

StatusActive

About 2802 Loraine St

Home is ready for final touches to be placed by new investor. Property has been demoed and has options for being either a one or two bedroom home. Home is within minutes of downtown Lynchburg with plenty other neighboring homes having been updated. Past updates include 200 amp panel box, heat pump, vinyl siding, and replacement windows. Schedule your showing today before you miss out on this investment property.

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Property Details

Property Features

Property Information:

• Architectural Style: Ranch
• Year Built: 1935
• Stories: 1
• Living Area: 987 SqFt

Listing Office:

• Office Name: Cornerstone Realty Group Inc
• Office Phone: (434) 810-6732
• Listing Agent: Schyler C Higgins

Interior Features

Interior Information:

• Appliances: None
• Basement: No
• Flooring Type: Other
• Interior: Main Level Bedroom, None

Bedroom and Bathroom Information:

• Full Bathrooms: 1
• Total Bedroom Count: 2

Exterior Features

Exterior Information:

• Exterior: Garden Space, Insulated Glass

Lot Features

Lot Information:

• Lot Size: 0.26 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: Winston Ridge Rd to Winchester St, to Loraine St, home is second from end of road on left.

Price Information

Listing Price Info

Price Summary:

• List Price: $55,000
• Price Per SqFt: $56/SqFt

Tax Information:

• Annual Amount: $359
• Tax Year: 2018

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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

2802 Loraine St vs Lynchburg

206 DAYS ON ROCKET

+176 Days

$55,000

-$225K Less

$56/SqFt

-$103 Less

KEY TAKEAWAY

This property is $225K less than the Median Sold Price and $103/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: #351632

Listing Office:

• Office Name: Cornerstone Realty Group Inc
• Office Phone: (434) 810-6732
• Listing Agent: Schyler C Higgins

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: 11/5/2024, 5:20:57 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	-	$32,300
2019	-	$32,300
2018	$359	$32,300
2017	$359	$32,300

History based on county public records data.

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**Disclosures

Rocket Homes›Virginia›Lynchburg›24504›2802 Loraine St

This home is located at 2802 Loraine St in Lynchburg, VA and zip code 24504 in the White Rock Hill neighborhood. This 987 square foot home, which was built in 1935, sits on a 0.26 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 13, 2024 and is currently priced at $55,000.

Over 24 listings were sold over their listed price in October 2024 in Lynchburg, VA. In the same period over 37 listings were sold below the listed price and 30 listings were sold for the listed price. The number of listings in Lynchburg, VA decreased by 4.7% between September 2024 and October 2024. While the average time on the market in October 2024 was 30 days, the median list price was $280,000.

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