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307 Graves Drive

307 Graves Drive, Forest, VA 24551
Property in Lynchburg
Sold Oct 15, 2012
$130,000
$121,800 by Branch Banking And Trust Co
Mortgage Due Nov 01, 2042
307 Graves Drive has been categorized by the local assessors in Forest, VA as a residential type of property. The building on the property was first built in 1975 and is 49 years old. The home has a total of 6 rooms. 3 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, 307 Graves Drive has 1,196 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 1,196 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The linear feet between the front and back of the lot is 2,240 ft and across the front of the lot is 1,180 ft. The area measurement of the land has been determined as 22,525 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. 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 brick veneer. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit. The property was last sold in Oct 5, 2012 for $130,000. That's $108.70 per sqft. 307 Graves Drive was last assessed in 2023. The total value of the property was assessed at $209,500. Specifically, the land the property is located on was valued at $40,000. While improvements on the property were assessed at a total of $169,500. 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 $466. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well. 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: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Construction Type: Frame
  • Exterior Walls Type: Brick veneer
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Type: Finished improved basement
  • Basement Area: 1,196
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 22,525
  • Lot Size Depth Feet: 2,240
  • Lot Size Frontage Feet: 1,180
  • Total Building Area: 1,196
  • Building Area: 1,196
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,196
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: FOREST DALE
  • Land Acres: 0.517
  • Standard Land Use Code: Single family residential
  • Legal Description 1: FOREST DALE, SEC 1, LOT 50

Ownership

  • Current Owner : WILLIAMS STEPHEN M
  • Current Owner 2: WILLIAMS SUSAN A
  • Previous Owner : HERITAGE PLACE DEVELOPMENT INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lynchburg City Public Schools
  • Census Tract: 001800

Zoning

  • Zoning: R1

Geography

  • Section: 1
  • Parcel: 242 12 012
  • Lot: 50
  • Latitude: 37.3697
  • Longitude: -79.2442

    Address

  • Full Address: 307 Graves Dr
  • Address - House Number: 307
  • Address - Street Name: Graves
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: Forest
  • Carrier Code: R012
  • 4-Digit Zip Code: 2623
  • Zip Code: 24551

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $466

    Appraisal Valuation

  • Standard Deviation: 0.2029
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 72
  • Final Value: 274,002
  • High Value: 329,598
  • Low Value: 218,406

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $121,800
  • First Open Lien Mortgage Lender: BRANCH BANKING AND TRUST CO
  • First Open Lien Mortgage Recording Date: Oct 15, 2012
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $121,800
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Nov 01, 2042

    Market Valuation

  • Market Total Value: $209,500
  • Market Land Value: $40,000
  • Market Improvement Value: $169,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $209,500
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $169,500

    Sales

  • Current Sale Contract Date: Oct 05, 2012
  • Current Sale Recording Date: Oct 15, 2012
  • Current Sale Transaction ID: 1155853180
  • Current Sale Price: $130,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 120006856

    Last Sale Mortgage

  • First Mortgage Lender: BRANCH BANKING AND TRUST CO
  • First Mortgage Transaction Date: Oct 15, 2012
  • First Mortgage Loan Amount: $121,800
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Nov 01, 2042

    Financing

  • First Mortgage Financing Type: Unknown

About Lynchburg



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Frequently Asked Questions

What neighborhood is 307 Graves Drive located in?
The 307 Graves Drive is a located in the neighborhood of Lynchburg in Lynchburg, Forest.
What is the average sales price for listings in 307 Graves Drive?
The average sales price for units in 307 Graves Drive is $0 currently.

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