308 7th St, Lynchburg, VA, 24504

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308 7th St, Lynchburg$299,000

Buyer Closing Credits

$3,551^*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence

Year Built1855

HeatingHeat Pump

CoolingHeat Pump

BasementYes

ViewCity

MLS #354629

Lot Size0.04 Acres

StatusActive

About 308 7th St

Discover this rare, well-maintained historic one-level merit award winning gem on a one-way street in Downtown Lynchburg. Zoned B4, perfect for mixed use of Residential & Business. This charming 2-bedroom, 1-bathroom home features high ceilings, original hardwood floors, and a kitchen with a bar peninsula, deep double sink, granite countertops, and stainless appliances. The back entrance, with brick steps, leads to a cozy mudroom with dark ceramic tile. Enjoy ample storage throughout. Located just one block from the Virginian Hotel and steps from the River Front and Black Water Creek Trail. Dont miss out, schedule your showing today!

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Property Details

Property Features

Property Information:

• Architectural Style: Ranch
• Year Built: 1855
• Stories: 1
• Living Area: 1,058 SqFt

Listing Office:

• Office Name: Lynchburgs Finest Team LLC
• Office Phone: (434) 439-4211
• Listing Agent: Betsy Ferguson

Interior Features

Interior Information:

• Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
• Basement: Yes
• Flooring Type: Ceramic Tile, Hardwood
• Interior: Cable Available, Cable Connections, High Speed Data Aval, Main Level Bedroom, Main Level Den, Plaster, Smoke Alarm, Dryer Connection, Laundry Closet, Main Level, Washer Connections

Bedroom and Bathroom Information:

• Full Bathrooms: 1
• Total Bedroom Count: 2

Exterior Features

Exterior Information:

• View: City
• Exterior: City View, Off-Street Parking

Virtual/3D Tour

• Virtual Tour: 308 7th St

Virtual Tour

Lot Features

Lot Information:

• Lot Size: 0.04 Acres

Utilities

Utilities Information:

• Heating: Heat Pump
• Cooling: Heat Pump

School Info

Assigned Schools Information:

• E.C. Glass High School, Public District Grades 9-12
• Linkhorne Middle School, Public District Grades 6-8
• Paul Munro Elementary School, Public District Grades PK-5

Other

Directions Information:

• Directions: Court Street to 7th Street in downtown. Property is on right of 7th Street mid-block between Court Street and Church Street

Price Information

Listing Price Info

Price Summary:

• List Price: $299,000
• Price Per SqFt: $283/SqFt

Tax Information:

• Annual Amount: $259
• 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

308 7th St vs Lynchburg

52 DAYS ON ROCKET

+22 Days

$299,000

+$19K More

$283/SqFt

+$124 More

KEY TAKEAWAY

This property is $19K more than the Median Sold Price and $124/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: #354629

Listing Office:

• Office Name: Lynchburgs Finest Team LLC
• Office Phone: (434) 439-4211
• Listing Agent: Betsy Ferguson

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, 2:20:55 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
Apr 29, 2016	Apr 29, 2016Home Sold	$90,000

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$259	$93,500
2019	$220	$93,500
2018	$880	$79,300
2017	$880	$79,300

History based on county public records data.

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**Disclosures

Rocket Homes›Virginia›Lynchburg›24504›308 7th St

This home is located at 308 7th St in Lynchburg, VA and zip code 24504 in the Central Business District neighborhood. This 1,058 square foot home, which was built in 1855, sits on a 0.04 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since September 13, 2024 and is currently priced at $299,000.

In October 2024 more than 24 listings in Lynchburg, VA were sold above the asking price. During the same period more than 30 listings were sold at asking price, while more than 37 were sold below. The number of listings in Lynchburg, VA decreased by 4.7% between September 2024 and October 2024. Listings spent 30 days on the market in October 2024, and had a median list price of $280,000 during the same period.

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