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518 Elmwood Ave, Lynchburg, VA, 24503

$339,900

Home List Price

$4,036*

Closing Credit

4 Bedrooms
3 Full Baths
2,461 SqFt
$138/SqFt
House

Location

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518 Elmwood Ave, Lynchburg$339,900

Buyer Closing Credits

$4,036*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1995
HeatingForced Air
CoolingCentral Air
BasementYes
Fireplace3 Fireplaces, Great Room, Other
ViewOther
MLS #355447
Lot Size0.52 Acres
StatusActive

About 518 Elmwood Ave

Located off Rivermont Ave., this home is minutes from Blackwater Trail. Beautifully maintained, over 1500 sq ft on the main floor. Wooden floors adorn the main level. Relax in the family room addition, with skylights, a stone FP (gas) and access to a second deck. The kitchen opens to the living space with a wood burning fireplace, and offers granite counters, plenty of cabinets, a breakfast bar, and access to a 12x12 deck overlooking the backyard. Additional features and upgrades include replacement windows, efficient gas furnace, central air unit, updated bathroom, finished lower level with full bath, family room, and a third fireplace (gas) The exterior features Trex decking and no maintenance rails on the front porch, a paved two car driveway, and K-guard style gutters (no more cleaning gutters). Lots of storage space and workbench in the unfinished portion of the basement. This home is minutes from restaurants and shops.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch
  • Year Built: 1995
  • Stories: 1
  • Living Area: 2,461 SqFt

Listing Office:

  • Office Name: Reddy Real Estate, Inc
  • Office Phone: (434) 384-4663
  • Listing Agent: Wendy R Reddy

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Electric Range, Refrigerator, Self Cleaning Oven
  • Basement: Yes
  • Flooring Type: Carpet, Ceramic Tile, Wood
  • Interior: Cable Available, Cable Connections, Ceiling Fan(s), Drywall, Great Room, High Speed Data Aval, Main Level Bedroom, Primary Bed w/Bath, Multi Media Wired, Pantry, Rods, Separate Dining Room, Skylights, Smoke Alarm, Tile Bath(s), Workshop, Basement, Dryer Connection, Washer Connections
  • Fireplace: 3 Fireplaces, Great Room, Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: Other
  • Exterior: Paved Drive, Garden Space, Landscaped, Insulated Glass, Tennis Courts Nearby, Undergrnd Utilities

Lot Features

Lot Information:

  • Lot Size: 0.52 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

School Info

Assigned Schools Information:

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

Other

Directions Information:

  • Directions: Rivermont to Elmwood; House is on the left

Price Information

Listing Price Info

Price Summary:

  • List Price: $339,900
  • Price Per SqFt: $138/SqFt

Tax Information:

  • Annual Amount: $1,817
  • 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

518 Elmwood Ave vs Lynchburg

2 DAYS ON ROCKET

-28 Days

$339,900

+$59.9K More

$138/SqFt

-$21 Less

KEY TAKEAWAY

This property is $59.9K more than the Median Sold Price and $21/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: #355447

Listing Office:

  • Office Name: Reddy Real Estate, Inc
  • Office Phone: (434) 384-4663
  • Listing Agent: Wendy R Reddy

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$1,817$163,700
2019$1,776$163,700
2018$1,776$160,000
2017$1,776$160,000

History based on county public records data.

Payment Calculator

$1,764

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,086

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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-2209028
2
/10

  • Bedford Hills Elementary School

  • 4330 Morningside Dr

  • 2.63 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2209029
2
/10

  • Linkhorne Middle School

  • 2525 Linkhorne Dr

  • 1.79 miles

  • Public District Grades 6-8

High School

school-card-donut-2209030
3
/10

  • E.C. Glass High School

  • 2111 Memorial Ave

  • 1.55 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 $57,750. The most common annual income of people living in Lynchburg, VA is less than $35k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 518 Elmwood Ave

What is the listing price of this property?

The listing price of 518 Elmwood Ave property is $339,900.

What type of property is this?

The property 518 Elmwood Ave is a house located in Lynchburg, Virginia, 24503.

Is this property for sale now?

Active Listing: 518 Elmwood Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 518 Elmwood Ave are:
Bedford Hills Elementary School: GreatSchools Rating 2/10
Linkhorne Middle School: GreatSchools Rating 2/10
E.C. Glass High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $1,817 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 518 Elmwood Ave has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 518 Elmwood Ave is 2,461 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 518 Elmwood Ave is 1995.

Rocket Homes›Virginia›Lynchburg›24503›518 Elmwood Ave

This home is located at 518 Elmwood Ave in Lynchburg, VA and zip code 24503 in the Woodland neighborhood. This 2,461 square foot home, which was built in 1995, sits on a 0.52 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 03, 2024 and is currently priced at $339,900.

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. In October 2024 in Lynchburg, VA there were 4.7% less homes for sale than in September 2024. In October 2024, listings were on the market for 30 days. During the same period, the median list price in this real estate market was $280,000.

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

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