Check Availability
$100,000
House - For Sale

500 Amherst Street

Lynchburg, VA 24504
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1854 Sqft
$492
Estimated Monthly
$0
HOA / Fees

About This Property

Attention Investors! Discover a diamond in the rough with this 3 bed, 2 bath investment property. This home offers spacious living areas and a layout ready for customization. The bonus room on the upper level was previously a second kitchen. Conveniently located near Downtown Lynchburg, restaurants, shopping, RT 29, RT 460, and more.  Home is being sold As-Is. Vacant lot to the right of the home (504 Amherst St.) is also for sale and can be included with a reasonable offer. Zoned R-3. Schedule your showing today!

The manager has listed the unit size as 1854 square feet.
Unit Size
1,854Ft²
Days on Market
52 days
Land Size
0.15 acres
Price per sqft
$54
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1890
Listed By
Last updated: 2 months ago (LVAMLS #350952)

Price History

Date / Event Date Event Price
Mar 16, 2024 Listed by The Realty Group Lynchburg dba Keller Williams $100,000
Listed by The Realty Group Lynchburg dba Keller Williams

Property Highlights

Air Conditioning
Interior Details

Basement Information

Basement
Exterior Details

Exterior Information

Vinyl Siding

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Floor Count: 2
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 6,634
  • Lot Size Depth Feet: 1,470
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,854
  • Building Area: 1,854
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 1,854
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: RIVERMONT
  • Land Acres: 0.152
  • Legal Description 1: DANIELSVILLE, BLK 17 OR 25

Ownership

  • Owner Generation Identifier: JR

Neighborhood

  • School District Name: Lynchburg City Public Schools
  • Census Tract: 000400

Zoning

  • Zoning: R3

Geography

  • Parcel: 022 18 003
  • Block: 17
  • Latitude: 37.4278
  • Longitude: -79.1521

    Address

  • Full Address: 500 Amherst St
  • Address - House Number: 500
  • Address - Street Name: Amherst
  • Address - Suffix Type: St
  • State: VA
  • City Name: Lynchburg
  • Carrier Code: C080
  • 4-Digit Zip Code: 1014
  • Zip Code: 24504

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $774
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.0918
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 92
  • Final Value: 97,243
  • High Value: 106,171
  • Low Value: 88,316

    Market Valuation

  • Market Total Value: $72,400
  • Market Land Value: $15,000
  • Market Improvement Value: $57,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $72,400
  • Assessed Land Value: $15,000
  • Assessed Improvements Value: $57,400

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$95,000 Aug 2, 2023
-
$150/mo
Land
Loft
-
-
$85,000 Aug 2, 2023
-
$150/mo

About Daniels Hill


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Unit for sale at 906 Elmwood Avenue, Lynchburg, VA 24503

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Nearby Rentals



Frequently Asked Questions

When was property at 500 Amherst Street built and last sold?
The property at 500 Amherst Street was built in 1890 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 500 Amherst Street is $101,586.
What are some comparable homes to 500 Amherst Street?
Homes that are comparable to 500 Amherst Street include a land property at 906 Elmwood Avenue, 122 Waughs Landing, which are both great to check out.

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