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228 Payne Street

228 Payne Street, Lynchburg, VA 24501
Property in Dearington
Sold Sep 03, 2020
$40,000
228 Payne 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 1910 and is 114 years old. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 228 Payne Street has 898 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 1,270 ft and across the front of the lot is 413 ft. The area measurement of the land has been determined as 5,310 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 metal. 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. The property was last sold in Aug 31, 2020 for $40,000. That's $44.54 per sqft. 228 Payne Street was last assessed in 2023. The total value of the property was assessed at $49,900. Specifically, the land the property is located on was valued at $14,000. While improvements on the property were assessed at a total of $35,900. 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 $111. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 5,310
  • Lot Size Depth Feet: 1,270
  • Lot Size Frontage Feet: 413
  • Total Building Area: 898
  • Building Area: 898
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 898
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: DEARINGTON PARK
  • Land Acres: 0.121
  • Standard Land Use Code: Single family residential
  • Legal Description 1: DEARINGTON, PT LOT 189

Ownership

  • Current Owner : DAVIS VERNON T
  • Current Owner 2: ALEXANDER AUDREY L
  • Previous Owner : DAVIS JOHN I
  • Previous Owner 2: COFIELD LEROY
  • Is Owner Occupied: Owner-occupied property
  • Vacant Flag: Address Standardization Based
  • Vacant Flag Date: Oct 30, 2023

Neighborhood

  • School District Name: Lynchburg City Public Schools
  • Census Tract: 000700

Zoning

  • Zoning: R3

Geography

  • Parcel: 003 11 011
  • Lot: 189
  • Latitude: 37.4119
  • Longitude: -79.1618

    Address

  • Full Address: 228 Payne St
  • Address - House Number: 228
  • Address - Street Name: Payne
  • Address - Suffix Type: St
  • State: VA
  • City Name: Lynchburg
  • Carrier Code: C012
  • 4-Digit Zip Code: 1242
  • Zip Code: 24501

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $111

    Appraisal Valuation

  • Standard Deviation: 0.2355
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 67
  • Final Value: 81,884
  • High Value: 101,170
  • Low Value: 62,598

    Market Valuation

  • Market Total Value: $49,900
  • Market Land Value: $14,000
  • Market Improvement Value: $35,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $49,900
  • Assessed Land Value: $14,000
  • Assessed Improvements Value: $35,900

    Sales

  • Current Sale Contract Date: Aug 31, 2020
  • Current Sale Recording Date: Sep 03, 2020
  • Current Sale Transaction ID: 11809452122
  • Current Sale Price: $40,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 200006355

    Last Sale Mortgage

  • First Mortgage Lender: CENTRAL VIRGINIA FCU
  • First Mortgage Transaction Date: Sep 03, 2020
  • First Mortgage Loan Amount: $38,000
  • First Mortgage Terms: 180
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2035

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Dearington



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 228 Payne Street located in?
The 228 Payne Street is a located in the neighborhood of Dearington in Dearington, Lynchburg.
What is the average sales price for listings in 228 Payne Street?
The average sales price for units in 228 Payne Street is $0 currently.

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