1 year on rocket

7521 Timberlake Rd, Lynchburg, VA, 24502

$140,000

1.10 Acres
Land

Location

Image provided by Mapbox

Property Highlights

Home TypeUnimproved Land
MLS #342423
Lot Size1.10 Acres
StatusActive

About 7521 Timberlake Rd

Prime Commercial Property consisting of two lots being approximately 1.1 acre with approx. 213 of frontage on Timberlake Rd. (Rt. 460 Business). Selling both lots for $140,000 or can be purchased separately for $75,000 each.

Property Details

Property Features

Listing Office:

  • Office Name: Coldwell Banker Commercial Read & Company
  • Office Phone: (434) 455-2285
  • Listing Agent: Rick L Read

Lot Features

Lot Information:

  • Lot Size: 1.10 Acres

Other

Directions Information:

  • Directions: Located in the West bound lane of Timberlake Road approximately 220 East of Roundelay Circle.

Price Information

Listing Price Info

Price Summary:

  • List Price: $140,000

Tax Information:

  • Annual Amount: $618
  • Tax Year: 2020
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Lynchburg, VA.

Med. Sold Price

$281.1K

Med. Price/SqFt

$159

Avg. Days On Market

28

# of Sold Homes

103

7521 Timberlake Rd vs Lynchburg

688 DAYS ON ROCKET

+660 Days

$140,000

-$141.1K Less

KEY TAKEAWAY

This property is $141.1K less than the Median Sold Price in Lynchburg, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Lynchburg
  • MLS Number: #342423

Listing Office:

  • Office Name: Coldwell Banker Commercial Read & Company
  • Office Phone: (434) 455-2285
  • Listing Agent: Rick L Read

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: 12/22/2024, 5:21:03 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
2020$618$55,700
2019$801$55,700
2018$801$72,200
2017$801$72,200

History based on county public records data.

Payment Calculator

$766

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$486

Powered By

Rocket Mortgage

Advertisement

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-883339
2
/10
  • Heritage Elementary School

  • 501 Leesville Rd

  • 0.73 miles

  • Public District Grades KG-5

school-card-donut-883340
6
/10
  • Tomahawk Elementary School

  • 155 Bee Dr

  • 1.32 miles

  • Public District Grades PK-5

school-card-donut-883341
2
/10
  • Sheffield Elementary School

  • 115 Kenwood Pl

  • 1.79 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $59,670. The majority of Lynchburg, VA residents have income between $35k-100k annually. Most families are 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 7521 Timberlake Rd

What is the listing price of this property?

The listing price of 7521 Timberlake Rd property is $140,000.

What type of property is this?

The property 7521 Timberlake Rd is land located in Lynchburg, Virginia, 24502.

Is this property for sale now?

Active Listing: 7521 Timberlake Rd 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 $618 (source: MLS/based on county public records data).

How much acreage is this property?

The property 7521 Timberlake Rd is 1.10 acres.
Rocket Homes logo

Interested in 7521 Timberlake Rd? Let's connect.

Let Us Contact You

By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.


Rocket HomesVirginiaLynchburg245027521 Timberlake Rd

This home is located at 7521 Timberlake Rd in Lynchburg, VA and zip code 24502. This home sits on a 1.10 acre lot. It has been listed on Rocket Homes since February 02, 2023 and is currently priced at $140,000.

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. In November 2024 in Lynchburg, VA there were 4.9% less homes for sale than in October 2024. In November 2024, listings were on the market for 28 days. During the same period, the median list price in this real estate market was $281,126.

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

More Resources