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1501 Park Avenue

1501 Park Avenue, Lynchburg, VA 24501
Commercial in College Hill
1 Units For Sale
Unit for sale at 1501-1531 Park Avenue, Lynchburg, VA 24501

$459,000

  • Commercial
1501-1531 Park Avenue, Lynchburg, VA 24501 Listing by Laura Coles

1501 Park Avenue has been categorized by the local assessors in Lynchburg, VA as a commercial type of property. The building on the property was first built in 1958 and is 66 years old. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 1501 Park Avenue has 288 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 1,010 ft and across the front of the lot is 920 ft. The area measurement of the land has been determined as 9,932 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 roof of the building is made of composition shingle. The property was last sold in Apr 24, 2012 for $65,000. That's $225.69 per sqft. 1501 Park Avenue was last assessed in 2023. The total value of the property was assessed at $36,300. Specifically, the land the property is located on was valued at $22,800. While improvements on the property were assessed at a total of $13,500. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $242. The initial tax year of delinquency was in 2019. 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.

This property description is generated based on publicly available data.

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20180629
06/29/2018
Studio
-
-
$329,900
bedrooms
Studio
bathrooms
-
-
-
-
-

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Bedroom Count: 0
  • Construction Type: Frame
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,932
  • Lot Size Depth Feet: 1,010
  • Lot Size Frontage Feet: 920
  • Total Building Area: 288
  • Gross Building Area: 288
  • Building Area: 288
  • Building Area Measurement: Total Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 288
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Subdivision: COMMERCIAL MISC
  • Land Acres: 0.228
  • Standard Land Use Code: Retail stores (personal services, photography, travel)
  • Legal Description 1: COLLEGE HILL, BLK 1165-1166

Ownership

  • Current Owner : MILLER PROPERTIES MANAGEMENT LLC
  • Previous Owner : HONE CARL J
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

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

Zoning

  • Zoning: B5

Geography

  • Parcel: 010 45 007
  • Block: 1165
  • Latitude: 37.4081
  • Longitude: -79.1544

    Address

  • Full Address: 1501 Park Ave
  • Address - House Number: 1501
  • Address - Street Name: Park
  • Address - Suffix Type: Ave
  • State: VA
  • City Name: Lynchburg
  • Carrier Code: C016
  • 4-Digit Zip Code: 1827
  • Zip Code: 24501

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $242
  • Intital Tax Deliquent Year: 2019

    Market Valuation

  • Market Total Value: $36,300
  • Market Land Value: $22,800
  • Market Improvement Value: $13,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,300
  • Assessed Land Value: $22,800
  • Assessed Improvements Value: $13,500

    Sales

  • Current Sale Contract Date: Apr 24, 2012
  • Current Sale Recording Date: Apr 27, 2012
  • Current Sale Transaction ID: 11462418733
  • Current Sale Price: $65,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 120002711

About College Hill



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 1501 Park Avenue located in?
The 1501 Park Avenue is a commercial located in the neighborhood of College Hill in College Hill, Lynchburg.
How many listings are currently for sale in 1501 Park Avenue?
There is a listing currently on the market for sale.
What is the average sales price for listings in 1501 Park Avenue?
The average sales price for units in 1501 Park Avenue is $459,000 currently.

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