7 months on rocket

592 Valley Pike, Lexington, VA, 24450

$600,000

12.50 Acres
Land

Location

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Property Highlights

Home TypeUnimproved Land
MLS #352365
Lot Size12.50 Acres
StatusActive

About 592 Valley Pike

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.

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Lexington, VA

City

Med. List Price

$425K

Med. Price/SqFt

$185

Avg. Days On Market

166

# of Sold Homes

1

592 Valley Pike vs Lexington

214 DAYS ON ROCKET

+48 Days

$600,000

+$175K More

KEY TAKEAWAY

This property is $175K 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: 12/18/2024, 6:21:07 AM 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
2021$3,117$421,200
2020$3,117$421,200
2019 - $421,200
2018 - $421,200

History based on county public records data.

Payment Calculator

$3,062

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,865

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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.

Nearby Schools

school-card-donut-4438045
5
/10

  • Central Elementary School

  • 85 Central Rd

  • 3.06 miles

  • Public District Grades PK-5

school-card-donut-4438046
4
/10

  • Mountain View Elementary School

  • 20 Burger Cir

  • 3.56 miles

  • Public District Grades PK-5

school-card-donut-4438047
7
/10

  • Harrington Waddell Elementary School

  • 100 Pendleton Pl

  • 3.63 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,804. The most common annual income of people living in Lexington, VA is between $35k-100k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

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).

How much acreage is this property?

The property 592 Valley Pike is 12.50 acres.
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Rocket Homes›Virginia›Lexington›24450›592 Valley Pike

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 number of homes for sale in Lexington, VA increased by 66.7% between October 2024 and November 2024. In November 2024 median list price was $425,000 and the average listing age was 166 days.

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

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