new - 4 days on rocket

50 W Princeton Cir, Lynchburg, VA, 24503

$315,000

Home List Price

$3,741*

Closing Credit

0 Baths
1,008 SqFt
$313/SqFt
Multi

Location

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50 W Princeton Cir, Lynchburg$315,000

Buyer Closing Credits

$3,741*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Parking2 Spaces/Unit, Off Street Parking
Year Built1960
HeatingHeat Pump, Other
CoolingHeat Pump, Other
MLS #355526
Lot Size0.31 Acres
StatusActive

About 50 W Princeton Cir

Turnkey duplex investment opportunity with high-income potential! This fully remodeled property, tucked away off Rivermont Ave, is perfect for short-term rentals, with projected gross monthly income of $4,300 to $6,000 from a local property management company. The bottom unit offers 3 bedrooms & 1 bathroom, while the top unit is a 1 bedroom, 1 bathroom space. Both units feature modern, thoughtfully designed interiors with brand-new kitchens, custom tile bathrooms, updated electrical and plumbing, a new roof, heat pump and mini-split units, and new water heaters, ensuring minimal future maintenance costs. The units exude charm with stylish finishes, including open shelving in the kitchens, LVP flooring, & inviting spaces under dormer windows in the upper unit. Located near hospitals, Randolph College, and Downtown Lynchburg, this property is ideally situated for short-term guests. Dont miss this unique, income-generating opportunity!

Property Details

Property Features

Property Information:

  • Year Built: 1960
  • Living Area: 1,008 SqFt

Listing Office:

  • Office Name: LPT Realty, Inc
  • Office Phone: (267) 241-1073
  • Listing Agent: Mason Kiffmeyer

Interior Features

Interior Information:

  • Flooring Type: Other

Exterior Features

Parking Information:

  • Parking: 2 Spaces/Unit, Off Street Parking

Lot Features

Lot Information:

  • Lot Size: 0.31 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump, Other
  • Cooling: Heat Pump, Other

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: Rivermont Ave to N Princeton Cir. Left on Duval Pl to house on the left off of W Princeton Cir.

Price Information

Listing Price Info

Price Summary:

  • List Price: $315,000
  • Price Per SqFt: $313/SqFt

Tax Information:

  • Annual Amount: $784
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Lynchburg, VA.

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Lynchburg, VA

City

Med. Sold Price

$280K

Med. Price/SqFt

$158

Avg. Days On Market

30

# of Sold Homes

91

50 W Princeton Cir vs Lynchburg

4 DAYS ON ROCKET

-26 Days

$315,000

+$35K More

$313/SqFt

+$154 More

KEY TAKEAWAY

This property is $35K more than the Median Sold Price and $154/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: #355526

Listing Office:

  • Office Name: LPT Realty, Inc
  • Office Phone: (267) 241-1073
  • Listing Agent: Mason Kiffmeyer

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, 6:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$784$70,600
2019$776$70,600
2018$776$69,900
2017$776$69,900

History based on county public records data.

Payment Calculator

$1,640

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,011

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2169742
5
/10

  • Paul Munro Elementary School

  • 4641 Locksview Rd

  • 1.94 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2169743
2
/10

  • Linkhorne Middle School

  • 2525 Linkhorne Dr

  • 1.90 miles

  • Public District Grades 6-8

High School

school-card-donut-2169744
3
/10

  • E.C. Glass High School

  • 2111 Memorial Ave

  • 2.31 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,015. The majority of Lynchburg, VA residents have income less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Lynchburg›24503›50 W Princeton Cir

This home is located at 50 W Princeton Cir in Lynchburg, VA and zip code 24503 in the Riverside neighborhood. This 1,008 square foot home, which was built in 1960, sits on a 0.31 acre lot. It has been listed on Rocket Homes since November 01, 2024 and is currently priced at $315,000.

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 homes for sale in Lynchburg, VA decreased by 4.7% between September 2024 and October 2024. In October 2024 median list price was $280,000 and the average listing age was 30 days.

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

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