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
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.
This property is $140K 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: 11/21/2024, 11:20:56 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
YEAR
PROP. TAX
ASSESSMENT
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
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$766
Per Month
Principal & Interest
$699
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$486
Powered By
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
2
/10
Heritage Elementary School
501 Leesville Rd
Distance between this listing and this school0.73 miles
Public District Grades KG-5
6
/10
Tomahawk Elementary School
155 Bee Dr
Distance between this listing and this school1.32 miles
Public District Grades PK-5
2
/10
Sheffield Elementary School
115 Kenwood Pl
Distance between this listing and this school1.79 miles
Public District Grades KG-5
Nearby Schools
4
/10
Brookville Middle School
320 Bee Dr
Distance between this listing and this school1.33 miles
Public District Grades 6-8
3
/10
Sandusky Middle School
805 Chinook Pl
Distance between this listing and this school1.83 miles
Public District Grades 6-8
2
/10
Linkhorne Middle School
2525 Linkhorne Dr
Distance between this listing and this school4.40 miles
Public District Grades 6-8
Nearby Schools
2
/10
Heritage High School
3101 Wards Ferry Rd
Distance between this listing and this school0.87 miles
Public District Grades 9-12
5
/10
Brookville High School
100 Laxton Rd
Distance between this listing and this school1.16 miles
Public District Grades 9-12
3
/10
E. C. Glass High School
2111 Memorial Ave
Distance between this listing and this school4.58 miles
The neighbors living near this home have an average income of $59,670. Typical income of Lynchburg, VA residents is between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
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).
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.
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.
In October 2024, from all listings sold in Lynchburg, VA there were more than 24 sold above asking price, over 37 sold below and more than 30 were sold right at the asked price. The number of homes for sale in Lynchburg, VA decreased by 4.7% between September 2024 and October 2024. The median list price of listings available in October 2024 was $280,000, while the average time on the real estate market was 30 days.
From Rocket Homes Real Estate and based on county public records data.
NBA/WNBA
NBA/WNBA
Minor League Baseball Games
Continuing Education Courses
New York & Company
Express/Express For Men
Stein Mart
Qdoba
Chick-fil-A
Bonefish Grill
Infiniti
Kia
Volkswagen
Active Rock
Talk/Personality
Urban Contemporary