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116 Willard Way

116 Willard Way, Lynchburg, VA 24502
Property in Cedar Ridge
Sold Dec 15, 2009
$165,000
$132,000 by Mason Dixon Funding Inc
Mortgage Due Jan 01, 2040
Local assessors in Lynchburg, VA have categorized 116 Willard Way as a residential type of property. The home was built in 2001 and is 23 years old. The property's lot size has been calculated to be 12,763 square feet. The linear feet between the front and back of the lot was measured at 1,700 ft and the front of the lot was measured at 750 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 116 Willard Way has a total of 1,884 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gable or hip style roof that was made of composition shingle. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heat pump is the primary heating source. 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, 116 Willard Way sold most recently in Dec 9, 2009 for a total of $165,000. If you work out the math, that's approximately a cost of $87.58 per sqft. 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 $2,097 in taxes each year. 116 Willard Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $235,600. If we break it down further, the land itself was valued at $40,000. Improvements to the property, however, were assessed at a total of $195,600. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • 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: 2
  • Basement Area: 0
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 12,763
  • Lot Size Depth Feet: 1,700
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,884
  • Building Area: 1,884
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,884
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CEDAR RIDGE
  • Land Acres: 0.293
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CEDAR RIDGE, SEC 5, LOT 9

Ownership

  • Current Owner : PAUL JONATHAN DANIEL
  • Previous Owner : HART STEPHEN P
  • Previous Owner 2: HART CATHERINE N
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lynchburg City Public Schools
  • Census Tract: 001700

Zoning

  • Zoning: R2

Geography

  • Section: 5
  • Parcel: 253 16 009
  • Lot: 9
  • Latitude: 37.3514
  • Longitude: -79.245

    Address

  • Full Address: 116 Willard Way
  • Address - House Number: 116
  • Address - Street Name: Willard
  • Address - Suffix Type: Way
  • State: VA
  • City Name: Lynchburg
  • Carrier Code: C079
  • 4-Digit Zip Code: 5729
  • Zip Code: 24502

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,097

    Appraisal Valuation

  • Standard Deviation: 0.2386
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 66
  • Final Value: 323,515
  • High Value: 400,730
  • Low Value: 246,301

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $132,000
  • First Open Lien Mortgage Lender: MASON DIXON FUNDING INC
  • First Open Lien Mortgage Recording Date: Dec 15, 2009
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $132,000
  • 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: Jan 01, 2040

    Market Valuation

  • Market Total Value: $235,600
  • Market Land Value: $40,000
  • Market Improvement Value: $195,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $235,600
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $195,600

    Sales

  • Current Sale Contract Date: Dec 09, 2009
  • Current Sale Recording Date: Dec 15, 2009
  • Current Sale Transaction ID: 1018357637
  • Current Sale Price: $165,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 09008918

    Last Sale Mortgage

  • First Mortgage Lender: MASON DIXON FUNDING INC
  • First Mortgage Transaction Date: Dec 15, 2009
  • First Mortgage Loan Amount: $132,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2040

    Financing

  • First Mortgage Financing Type: Unknown

About Cedar Ridge



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Frequently Asked Questions

What neighborhood is 116 Willard Way located in?
The 116 Willard Way is a located in the neighborhood of Cedar Ridge in Cedar Ridge, Lynchburg.
What is the average sales price for listings in 116 Willard Way?
The average sales price for units in 116 Willard Way is $0 currently.

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