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372 Lynchs Ferry Road

372 Lynchs Ferry Road, Madison Heights, VA 24572
Property in Amherst
Refi Apr 20, 2021
Transfer
$86,307 by Quicken Loans Llc
Mortgage Due Apr 01, 2036
Local assessors in Madison Heights, VA have categorized 372 Lynchs Ferry Road as a residential type of property. The home was built in 1939 and is 85 years old. The property's lot size has been calculated to be 23,762 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a Cape Cod style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 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 is one full bathroom. There is also a partial bathroom. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 372 Lynchs Ferry Road has a total of 788 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. The home sources its water from a municipal system. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. Do you like to entertain? The home has a porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is average. 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. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - D. The building has a gable 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. While the walls in the interior have been made of paneling. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a heat pump is the primary heating source and it is being fueled with electricity. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. Tax-wise, the current owner is expected to pay close to $412 in taxes each year. 372 Lynchs Ferry Road was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $67,600. If we break it down further, the land itself was valued at $10,000. Improvements to the property, however, were assessed at a total of $57,600. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.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: 1939
  • Effective Year Built: 1939
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Frame
  • Building Style: Cape Cod
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Paneling
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Type: Unspecified basement
  • Basement Area: 343
  • Garage Type: Garage
  • Parking Space Count: 0
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 23,762
  • Total Building Area: 788
  • Building Area: 788
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 788
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Septic
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TOWN MADISON HEIGHTS
  • Land Acres: 0.545
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: LOT 1 ON OLD LYNCHBURG TURNPIKE

Ownership

  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Amherst County Public Schools
  • Census Tract: 010505

Zoning

  • Zoning: RMU1

Geography

  • Parcel: 160A2 A 40
  • Lot: 1
  • Municipality: MADISON HEIGHTS SANITARY
  • Latitude: 37.4229
  • Longitude: -79.1279

    Address

  • Full Address: 372 Lynchs Ferry Rd
  • Address - House Number: 372
  • Address - Street Name: Lynchs Ferry
  • Address - Suffix Type: Rd
  • State: VA
  • City Name: Madison Heights
  • Carrier Code: R007
  • 4-Digit Zip Code: 2351
  • Zip Code: 24572

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $412

    Appraisal Valuation

  • Standard Deviation: 0.4395
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 12
  • Final Value: 107,340
  • High Value: 154,516
  • Low Value: 60,163

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $88,904
  • First Open Lien Mortgage Lender: QUICKEN LOANS LLC
  • First Open Lien Mortgage Recording Date: Apr 20, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $86,307
  • First Open Lien Mortgage Term: 180
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Apr 01, 2036
  • Second Open Lien Mortgage Lender: SECRETARY OF HOUSING AND URBAN
  • Second Open Lien Mortgage Recording Date: Aug 29, 2022
  • Second Open Lien Mortgage Loan Amount: $2,597
  • Second Open Lien Mortgage Term: 80
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Loan Due Date: May 01, 2029

    Market Valuation

  • Market Total Value: $67,600
  • Market Land Value: $10,000
  • Market Improvement Value: $57,600

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $67,600
  • Assessed Land Value: $10,000
  • Assessed Improvements Value: $57,600

About Madison Heights



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Frequently Asked Questions

What neighborhood is 372 Lynchs Ferry Road located in?
The 372 Lynchs Ferry Road is a located in the neighborhood of Amherst in Madison Heights, Madison Heights.
What is the average sales price for listings in 372 Lynchs Ferry Road?
The average sales price for units in 372 Lynchs Ferry Road is $0 currently.

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