500 Amherst St, Lynchburg, VA, 24504

Location

Get An Agent. Get A Mortgage.

Let Us Help You Buy A Home And Save BIG

Save BIG.

500 Amherst St, Lynchburg$100,000

Buyer Closing Credits

$1,188^*

1.25% Loan Amount

Sell Your Home And Save More

Connect With An Agent

Still Have Questions? Contact Us.

1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence

Year Built1890

HeatingForced Air

CoolingWindow Unit(s)

BasementYes

FireplaceStove Insert

ViewOther

MLS #354439

Lot Size0.15 Acres

StatusActive

About 500 Amherst St

Attention Investors! Discover a diamond in the rough with this 3 bed, 2 bath investment property. This home offers spacious living areas and a layout ready for customization. The bonus room on the upper level was previously a second kitchen. Conveniently located near Downtown Lynchburg, restaurants, shopping, RT 29, RT 460, and more. Home is being sold As-Is. Vacant lot to the right of the home (504 Amherst St.) is also for sale and can be included with a reasonable offer. Zoned R-3. Schedule your showing today!

View More

Property Details

Property Features

Property Information:

• Architectural Style: Two Story
• Year Built: 1890
• Stories: 2
• Living Area: 1,854 SqFt

Listing Office:

• Office Name: Keller Williams
• Office Phone: (434) 534-9113
• Listing Agent: Kaylin N Moore

Interior Features

Interior Information:

• Appliances: None
• Basement: Yes
• Flooring Type: Laminate, Wood, Other
• Interior: Other, Main Level
• Fireplace: Stove Insert

Bedroom and Bathroom Information:

• Full Bathrooms: 2
• Total Bedroom Count: 3

Exterior Features

Exterior Information:

• View: Other
• Exterior: Other

Lot Features

Lot Information:

• Lot Size: 0.15 Acres

Utilities

Utilities Information:

• Heating: Forced Air
• Cooling: Window Unit(s)

Other

Directions Information:

• Directions: From Rivermont Ave., turn right onto Cabell St. Turn left at the 1st cross street onto Amherst St. Home will be on the right.

Price Information

Listing Price Info

Price Summary:

• List Price: $100,000
• Price Per SqFt: $54/SqFt

Tax Information:

• Annual Amount: $142
• Tax Year: 2020

What can I afford?

Understand what home price range makes sense for your budget.

See What I Can Afford

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

500 Amherst St vs Lynchburg

80 DAYS ON ROCKET

+50 Days

$100,000

-$180K Less

$54/SqFt

-$105 Less

KEY TAKEAWAY

This property is $180K less than the Median Sold Price and $105/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: #354439

Listing Office:

• Office Name: Keller Williams
• Office Phone: (434) 534-9113
• Listing Agent: Kaylin N Moore

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: 11/23/2024, 8:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

View More

Property Sales & Tax

Tax History

YEAR	PROP. TAX	ASSESSMENT
2020	$142	$51,000
2019	$556	$51,000
2018	$556	$50,100
2017	$556	$50,100

History based on county public records data.

Payment Calculator

Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.

$567

Per Month

Principal & Interest

$500

Home Price

Home PriceThe dollar amount you pay for the home.

$

Interest Rate

Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.

%

Down Payment

Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.

$Down PaymentPercent%

Loan Term

Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.

30 year25 year20 year15 year10 year

Property Taxes

$0

Annual Cost

Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.

$/ Year

Mortgage Insurance

$0

Monthly Premium

Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.

$/ Month

Homeowners Insurance

$67

Monthly Premium

Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.

$/ Month

Homeowners Association (HOA)

$0

Monthly Fees

Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.

$/ Month

Utilities

$0

Monthly Cost

Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.

$/ Month

*Disclosures

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$366

See More Options

Connect With A Banker

Powered By

Advertisement

NMLS#3030

**Disclosures

Rocket Homes›Virginia›Lynchburg›24504›500 Amherst St

This home is located at 500 Amherst St in Lynchburg, VA and zip code 24504 in the Daniel's Hill neighborhood. This 1,854 square foot home, which was built in 1890, sits on a 0.15 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 04, 2024 and is currently priced at $100,000.

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. In October 2024 in Lynchburg, VA there were 4.7% less homes for sale than in September 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.