424 Main St, Madison Heights, VA, 24572

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424 Main St, Madison Heights$50,000

Buyer Closing Credits

$594^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

Year Built1909

HeatingHeat Pump, None

CoolingHeat Pump, None

Fireplace1 Fireplace

MLS #353608

Lot Size0.27 Acres

StatusActive

About 424 Main St

Calling all investors! Prime location situated on Main Street, the property benefits from high visibility and foot traffic. Opportunities for further development or value-add improvements. House has already been gutted waiting on a makeover. Seller is selling the property with the HVAC ductwork, also all replacement windows for the house.

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Property Details

Property Features

Property Information:

• Architectural Style: Two Story
• Year Built: 1909
• Stories: 2
• Living Area: 1,545 SqFt

Listing Office:

• Office Name: Cornerstone Realty Group Inc
• Office Phone: (434) 810-6732
• Listing Agent: Desmone Cobbs

Interior Features

Interior Information:

• Appliances: None
• Basement: No
• Flooring Type: Other
• Interior: Other, Main Level, None
• Fireplace: 1 Fireplace

Bedroom and Bathroom Information:

• Full Bathrooms: 2
• Total Bedroom Count: 3

Exterior Features

Exterior Information:

• Exterior: Porch

Lot Features

Lot Information:

• Lot Size: 0.27 Acres

Utilities

Utilities Information:

• Heating: Heat Pump, None
• Cooling: Heat Pump, None

Other

Directions Information:

• Directions: Head south on US-29 S. Take exit 130B for Va-210 S toward Madison Heights. Merge onto VA-210 S/Seminole Ave. Turn left onto Main St for approximately 0.5 miles. 424 Main St will be on your left.

Price Information

Listing Price Info

Price Summary:

• List Price: $50,000
• Price Per SqFt: $32/SqFt

Tax Information:

• Annual Amount: $262
• Tax Year: 2021

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Housing Market Comparison

See how this home compares to others in Madison Heights, VA.

Madison Heights, VA

City

Med. Sold Price

$261.5K

Med. Price/SqFt

$159

Avg. Days On Market

31

# of Sold Homes

13

424 Main St vs Madison Heights

103 DAYS ON ROCKET

+72 Days

$50,000

-$211.5K Less

$32/SqFt

-$127 Less

KEY TAKEAWAY

This property is $211.5K less than the Median Sold Price and $127/SqFt less than other homes in Madison Heights, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

• MLS Name: Lynchburg
• MLS Number: #353608

Listing Office:

• Office Name: Cornerstone Realty Group Inc
• Office Phone: (434) 810-6732
• Listing Agent: Desmone Cobbs

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, 8:20:56 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

Listing History

DATE	EVENT	PRICE
Mar 27, 2020	Mar 27, 2020Home Sold	$29,900

Tax History

YEAR	PROP. TAX	ASSESSMENT
2021	$262	$42,900
2020	$262	$42,900
2019	$281	$46,000
2018	$281	$46,000
2017	$152	$46,000

History based on county public records data.

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**Disclosures

Rocket Homes›Virginia›Amherst County›Madison Heights›24572›424 Main St

This home is located at 424 Main St in Madison Heights, VA and zip code 24572. This 1,545 square foot home, which was built in 1909, sits on a 0.27 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 25, 2024 and is currently priced at $50,000.

In October 2024, from all listings sold in Madison Heights, VA there were more than 2 sold above asking price, over 8 sold below and more than 3 were sold right at the asked price. Between September 2024 and October 2024, Madison Heights, VA real estate market has seen increase in the number of listings by 19.7%. Listings spent 31 days on the market in October 2024, and had a median list price of $261,500 during the same period.

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