6 months on rocket

703 Hancock St, Lynchburg, VA, 24504

$49,900

Home List Price

$593*

Closing Credit

2 Bedrooms
2 Full Baths
1,524 SqFt
$33/SqFt
House

Location

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703 Hancock St, Lynchburg$49,900

Buyer Closing Credits

$593*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1890
HeatingNone
CoolingNone
BasementYes
Fireplace1 Fireplace
ViewOther
MLS #353124
Lot Size0.08 Acres
StatusActive

About 703 Hancock St

Looking for your next flip?? Well then youve found your diamond in the rough. Fabulous location near booming downtown Lynchburg. This 3 bed / 2 bath home is a blank slate with over 1,500sqft of endless possibilities. This opportunity is for seasoned investors as it will take extensive knowledge of renovations. Just to sweeten the deal new windows and a retaining wall have already been installed. Will not qualify for loans. Serious cash buyers only!

Property Details

Property Features

Property Information:

  • Architectural Style: Two Story
  • Year Built: 1890
  • Stories: 2
  • Living Area: 1,524 SqFt

Listing Office:

  • Office Name: Keller Williams
  • Office Phone: (434) 534-9113
  • Listing Agent: Jamey Parks

Interior Features

Interior Information:

  • Appliances: None
  • Basement: Yes
  • Flooring Type: Other
  • Interior: Cable Available, Ceiling Fan(s), Basement, Dryer Connection, Washer Connections
  • Fireplace: 1 Fireplace

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • View: Other
  • Exterior: Front Porch, Side Porch, Garden Space, Landscaped, Storm Doors, Insulated Glass

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: None
  • Cooling: None

Other

Directions Information:

  • Directions: From Rivermont Ave turn onto and across D Street Bridge, Left on Hancock, home on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $49,900
  • Price Per SqFt: $33/SqFt

Tax Information:

  • Annual Amount: $75
  • 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

$281.1K

Med. Price/SqFt

$159

Avg. Days On Market

28

# of Sold Homes

103

703 Hancock St vs Lynchburg

180 DAYS ON ROCKET

+152 Days

$49,900

-$231.2K Less

$33/SqFt

-$127 Less

KEY TAKEAWAY

This property is $231.2K less than the Median Sold Price and $127/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: #353124

Listing Office:

  • Office Name: Keller Williams
  • Office Phone: (434) 534-9113
  • Listing Agent: Jamey Parks

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: 12/21/2024, 11:56:03 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$75$26,900
2019$148$26,900
2018$296$26,700
2017$296$26,700

History based on county public records data.

Payment Calculator

$317

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$216

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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.

Nearby Schools

school-card-donut-822255
4
/10

  • Madison Heights Elementary School

  • 287 Learning Ln

  • 0.99 miles

  • Public District Grades PK-5

school-card-donut-822256
6
/10

  • Dearington Elementary School

  • 210 Smyth St

  • 1.09 miles

  • Public Magnet Grades KG-5

school-card-donut-822257
2
/10

  • R. S. Payne Elementary School

  • 1201 Floyd St

  • 1.32 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 $23,000. The most common annual income of people living in Lynchburg, VA is less than $35k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 703 Hancock St

What is the listing price of this property?

The listing price of 703 Hancock St property is $49,900.

What type of property is this?

The property 703 Hancock St is a house located in Lynchburg, Virginia, 24504.

Is this property for sale now?

Active Listing: 703 Hancock St 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 2020 is $75 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 703 Hancock St has 2 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 703 Hancock St is 1,524 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 703 Hancock St is 1890.

Rocket Homes›Virginia›Lynchburg›24504›703 Hancock St

This home is located at 703 Hancock St in Lynchburg, VA and zip code 24504 in the Daniel's Hill neighborhood. This 1,524 square foot home, which was built in 1890, sits on a 0.08 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since June 24, 2024 and is currently priced at $49,900.

Lynchburg, VA housing market in November 2024 saw over 25 listings sold above listed price, more than 34 sold at listed price and over 44 sold below. Between October 2024 and November 2024, Lynchburg, VA real estate market has seen decrease in the number of listings by 4.9%. While the average time on the market in November 2024 was 28 days, the median list price was $281,126.

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

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