12.5 acres located in Rockbridge County, VA, just outside of the City of Lexington in the Central Shenandoah Valley. Zoned R-1, Conditionally rezoned (R-MF) for 70 apartments with potential to add additional units. Only minutes from Virginia Military Institute, Washington & Lee University, and in close proximity to area retailers, this site is ideal for Multi-family development.
Property Details
Property Features
Listing Office:
Office Name: Coldwell Banker Commercial Read & Company
Listing Agent: Luke J Dykeman
Lot Features
Lot Information:
Lot Size: 12.50 Acres
Price Information
Listing Price Info
Price Summary:
List Price: $600,000
Tax Information:
Annual Amount: $3,117
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Lexington, VA.
This property is $145K more than the Median List Price in Lexington, VA.
Based on homes listed in the last 12 months
MLS Details
MLS Information:
MLS Name: Lynchburg
MLS Number: #352365
Listing Office:
Office Name: Coldwell Banker Commercial Read & Company
Listing Agent: Luke J Dykeman
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: 11/14/2024, 8:20:56 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
YEAR
PROP. TAX
ASSESSMENT
2021
$3,117
$421,200
2020
$3,117
$421,200
2019
-
$421,200
2018
-
$421,200
History based on county public records data.
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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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Central Elementary School
85 Central Rd
Distance between this listing and this school3.06 miles
Public District Grades PK-5
4
/10
Mountain View Elementary School
20 Burger Cir
Distance between this listing and this school3.56 miles
Public District Grades PK-5
7
/10
Harrington Waddell Elementary School
100 Pendleton Pl
Distance between this listing and this school3.63 miles
Public District Grades PK-5
Nearby Schools
7
/10
Lylburn Downing Middle School
302 Diamond St
Distance between this listing and this school2.77 miles
Public District Grades 6-8
5
/10
Maury River Middle School
600 Waddell St
Distance between this listing and this school3.75 miles
Public District Grades 6-8
8
/10
Parry Mccluer Middle School
2329 Chestnut Ave
Distance between this listing and this school6.21 miles
Public District Grades 6-7
Nearby Schools
4
/10
Rockbridge County High School
143 Greenhouse Rd
Distance between this listing and this school1.53 miles
Public District Grades 9-12
5
/10
Parry Mccluer High School
100 Bradford Dr
Distance between this listing and this school7.23 miles
Public District Grades 8-12
7
/10
Riverheads High School
19 Howardsville Rd
Distance between this listing and this school20.65 miles
The neighbors living near this home have an average income of $41,804. The majority of Lexington, VA residents have income between $35k-100k annually. Most families are 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 592 Valley Pike
What is the listing price of this property?
The listing price of 592 Valley Pike property is $600,000.
What type of property is this?
The property 592 Valley Pike is land located in Lexington, Virginia, 24450.
Is this property for sale now?
Active Listing: 592 Valley Pike is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $3,117 (source: MLS/based on county public records data).
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This home is located at 592 Valley Pike in Lexington, VA and zip code 24450. This home sits on a 12.50 acre lot. It has been listed on Rocket Homes since May 17, 2024 and is currently priced at $600,000.
The inventory of homes for sale in Lexington, VA between September 2024 and October 2024 increased by 50%. In October 2024, listings were on the market for 241 days. During the same period, the median list price in this real estate market was $455,000.
From Rocket Homes Real Estate and based on county public records data.
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