3 months on rocket

86 Federal St, Lynchburg, VA, 24504

$60,000

Home List Price

$713*

Closing Credit

3 Bedrooms
0 Baths
1,575 SqFt
$38/SqFt
House

Location

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86 Federal St, Lynchburg$60,000

Buyer Closing Credits

$713*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1885
HeatingForced Air, Other
CoolingWindow Unit(s), None
BasementYes
ViewOther
MLS #354152
Lot Size0.14 Acres
StatusActive

About 86 Federal St

Investor special on the market! Two homes on Federal Street ready to be renovated! Home is being sold As-Is. Come see the potential for yourself!

Property Details

Property Features

Property Information:

  • Architectural Style: Two Story
  • Year Built: 1885
  • Stories: 2
  • Living Area: 1,575 SqFt

Listing Office:

  • Office Name: Keller Williams
  • Office Phone: (434) 534-9113
  • Listing Agent: Stephen J Acree

Interior Features

Interior Information:

  • Appliances: None
  • Basement: Yes
  • Flooring Type: Hardwood
  • Interior: Other, None

Bedroom and Bathroom Information:

  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: Other
  • Exterior: Other

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Other
  • Cooling: Window Unit(s), None

Other

Directions Information:

  • Directions: 5th St to round about, first exit on to federal, home is on the right

Price Information

Listing Price Info

Price Summary:

  • List Price: $60,000
  • Price Per SqFt: $38/SqFt

Tax Information:

  • Annual Amount: $272
  • 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

$280K

Med. Price/SqFt

$158

Avg. Days On Market

30

# of Sold Homes

91

86 Federal St vs Lynchburg

94 DAYS ON ROCKET

+64 Days

$60,000

-$220K Less

$38/SqFt

-$121 Less

KEY TAKEAWAY

This property is $220K less than the Median Sold Price and $121/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: #354152

Listing Office:

  • Office Name: Keller Williams
  • Office Phone: (434) 534-9113
  • Listing Agent: Stephen J Acree

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

Listing History

Jan 04, 2019Home Sold
$40,000
Jan 22, 2018Home Sold
$15,200

Tax History

YEARPROP. TAXASSESSMENT
2020$272$24,500
2019$91$24,500
2018$363$32,700
2017$363$32,700

History based on county public records data.

Payment Calculator

$367

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$246

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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-281517
6
/10

  • Dearington Elementary School

  • 210 Smyth St

  • 0.65 miles

  • Public Magnet Grades KG-5

school-card-donut-281518
2
/10

  • R. S. Payne Elementary School

  • 1201 Floyd St

  • 0.93 miles

  • Public District Grades PK-5

school-card-donut-281519
4
/10

  • Madison Heights Elementary School

  • 287 Learning Ln

  • 1.42 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 $34,444. Most Lynchburg, VA residents have annual incomes less than $35k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 86 Federal St

What is the listing price of this property?

The listing price of 86 Federal St property is $60,000.

What type of property is this?

The property 86 Federal St is a house located in Lynchburg, Virginia, 24504.

Is this property for sale now?

Active Listing: 86 Federal 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 $272 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on January 4, 2019 for $40,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 86 Federal St has 3 bedrooms.

What is the square footage of this property?

The property 86 Federal St is 1,575 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 86 Federal St is 1885.

Rocket Homes›Virginia›Lynchburg›24504›86 Federal St

This home is located at 86 Federal St in Lynchburg, VA and zip code 24504 in the Tinbridge Hill neighborhood. This 1,575 square foot home, which was built in 1885, sits on a 0.14 acre lot. Features: 3 bedrooms. It has been listed on Rocket Homes since August 19, 2024 and is currently priced at $60,000.

While more than 24 listings in Lynchburg, VA in October 2024 were sold above asking price, there were more than 30 listings sold at asking price, and more than 37 were sold below. The number of homes for sale in Lynchburg, VA decreased by 4.7% between September 2024 and October 2024. While the average time on the market in October 2024 was 30 days, the median list price was $280,000.

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

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