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104 Polk Street

104 Polk Street, Lynchburg, VA 24504
Sold Jul 14, 2022
$52,500
$200,000 by Strategic Funding Lp
Mortgage Due Sep 20, 2053
Sold Mar 08, 2021
$25,000
104 Polk Street has been categorized by the local assessors in Lynchburg, VA as a residential type of property. The building on the property was first built in 1900 and is 124 years old. The home has a total of 6 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 104 Polk Street has 931 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,080 ft and across the front of the lot is 320 ft. The area measurement of the land has been determined as 3,341 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a unknown. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with frame control joints. The building has a gable or hip style roof made of composition shingle. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heat pump. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 104 Polk Street sold most recently in Jul 6, 2022 for a total of $52,500. If you work out the math, that's approximately a cost of $56.39 per sqft. Before that, the property was also sold for $25,000 in Feb 26, 2021. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $717 in taxes each year. The initial year of tax delinquency occurred in 2022. 104 Polk Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $42,400. If we break it down further, the land itself was valued at $10,800. Improvements to the property, however, were assessed at a total of $31,600. The property's total market value has been marked the same as the total assessed value which is pretty typical. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Unspecified basement
  • Basement Area: 218
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,341
  • Lot Size Depth Feet: 1,080
  • Lot Size Frontage Feet: 320
  • Total Building Area: 931
  • Building Area: 931
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 931
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: TINBRIDGE HILL
  • Land Acres: 0.076
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TINBRIDGE HILL, BLK 919

Ownership

  • Current Owner : JEAN CAPITAL LLC
  • Previous Owner : ADAM KAROL TRUST
  • Owner Before Previous Owner: HANCOCK CHRISTOPHER
  • Owner Before Previous Owner 2: HANCOCK DIANE
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Lynchburg City Public Schools
  • Census Tract: 000600

Zoning

  • Zoning: R3

Geography

  • Parcel: 009 14 013
  • Block: 919
  • Latitude: 37.4172
  • Longitude: -79.155

    Address

  • Full Address: 104 Polk St
  • Address - House Number: 104
  • Address - Street Name: Polk
  • Address - Suffix Type: St
  • State: VA
  • City Name: Lynchburg
  • Carrier Code: C062
  • 4-Digit Zip Code: 5017
  • Zip Code: 24504

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $717
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2383
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 66
  • Final Value: 68,885
  • High Value: 85,302
  • Low Value: 52,468

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $200,000
  • First Open Lien Mortgage Lender: STRATEGIC FUNDING LP
  • First Open Lien Mortgage Recording Date: Sep 20, 2023
  • First Open Lien Mortgage Loan Amount: $200,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 20, 2053

    Market Valuation

  • Market Total Value: $42,400
  • Market Land Value: $10,800
  • Market Improvement Value: $31,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,400
  • Assessed Land Value: $10,800
  • Assessed Improvements Value: $31,600

    Sales

  • Current Sale Contract Date: Jul 06, 2022
  • Current Sale Recording Date: Jul 14, 2022
  • Current Sale Transaction ID: 11893108669
  • Current Sale Price: $52,500
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 5525
  • Previous Sale Recording Date: Mar 08, 2021
  • Previous Sale Contract Date: Feb 26, 2021
  • Previous Sale Amount: $25,000
  • Previous Sale Document Type: Bargain and Sale Deed

    Last Sale Mortgage

  • First Mortgage Lender: CASCADE BUSINESS CONSULTANTS I
  • First Mortgage Transaction Date: Jul 14, 2022
  • First Mortgage Loan Amount: $77,500
  • First Mortgage Terms: 5
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Jan 13, 2023

About Tinbridge Hill



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Frequently Asked Questions

What neighborhood is 104 Polk Street located in?
The 104 Polk Street is a house located in the neighborhood of Tinbridge Hill in Tinbridge Hill, Lynchburg.
What is the average sales price for listings in 104 Polk Street?
The average sales price for units in 104 Polk Street is $0 currently.

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