See Home Value
$269,996*
House - Off Market

500 Hayes Drive

Lynchburg, VA 24502
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2500 Sqft
$216,000 - $262,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
Sold Apr 19, 2021
$243,000
$238,598 by Embrace Home Loans Inc
Mortgage
Sold Dec 15, 2015
$84,000
$79,800 by Embrace Home Loans Inc
Mortgage Due Jan 01, 2046

About This Property

Come take a look at this movein ready home with rental income and conveniently located just a few mins to liberty, shopping and restaurants.  This home has many updates through out, the following have been done since 2016 new windows, roof, two zone hvac systems, hot water heater, refinished hardwood floors, appliances, updated kitchens, and baths, updated plumbing and electrical, and new gutters in 2020. There is a separate entrance for apartment in basement and has current tenant.  Don't miss out on this one!

The manager has listed the unit size as 2500 square feet.
Unit Size
2,500Ft²
Days on Market
-
Land Size
1.24 acres
Price per sqft
$96
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1961

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Apr 19, 2021 Sold to Andrew M Jacobson $243,000
Sold to Andrew M Jacobson
Mar 5, 2021 In contract -
In contract
Mar 2, 2021 Listed $239,900
Listed

Property Highlights

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Construction Type: Frame
  • Building Style: Duplex
  • 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: 1,316
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 53,975
  • Lot Size Frontage Feet: 520
  • Total Building Area: 1,316
  • Building Area: 1,316
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,316
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: OLD SANDUSKY
  • Land Acres: 1.239
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: SANDUSKY ACRES, AMD SEC D, BLK 15, LOTS 9 & 9A

Ownership

  • Current Owner : JACOBSON ANDREW M
  • Previous Owner : NOBILINI CAROLINE
  • Previous Owner 2: NOBILINI JAMES P
  • Owner Before Previous Owner: SECRETARY OF HUD

Neighborhood

  • School District Name: Lynchburg City Public Schools
  • Census Tract: 000901

Zoning

  • Zoning: R1RC

Geography

  • Section: D
  • Parcel: 158 15 009
  • Block: 15
  • Lot: 9
  • Latitude: 37.3877
  • Longitude: -79.198

    Address

  • Full Address: 500 Hayes Dr
  • Address - House Number: 500
  • Address - Street Name: Hayes
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: Lynchburg
  • Carrier Code: C004
  • 4-Digit Zip Code: 1402
  • Zip Code: 24502

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,581

    Appraisal Valuation

  • Standard Deviation: 0.1626
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 79
  • Final Value: 317,671
  • High Value: 369,354
  • Low Value: 265,988

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $238,598
  • First Open Lien Mortgage Lender: EMBRACE HOME LOANS INC
  • First Open Lien Mortgage Recording Date: Apr 19, 2021
  • First Open Lien Mortgage Loan Amount: $238,598
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA

    Market Valuation

  • Market Total Value: $290,000
  • Market Land Value: $41,300
  • Market Improvement Value: $248,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $290,000
  • Assessed Land Value: $41,300
  • Assessed Improvements Value: $248,700

    Sales

  • Current Sale Contract Date: Apr 15, 2021
  • Current Sale Recording Date: Apr 19, 2021
  • Current Sale Transaction ID: 11832675968
  • Current Sale Price: $243,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 210003437
  • Previous Sale Recording Date: Dec 15, 2015
  • Previous Sale Contract Date: Dec 09, 2015
  • Previous Sale Amount: $84,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: EMBRACE HOME LOANS INC
  • First Mortgage Transaction Date: Apr 19, 2021
  • First Mortgage Loan Amount: $238,598
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

    Previous Mortgages

  • Previous Mortgage Lender: EMBRACE HOME LOANS INC
  • Previous Mortgage Transaction Date: Dec 15, 2015
  • Previous Mortgage Loan Amount: $79,800
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jan 01, 2046



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,044 ft²
$244/ft²
$255,000 Oct 24, 2023
$255,000 Nov 29, 2023
-
House
3 Beds
2 Baths
-
$187,000 Jul 21, 2022
$187,000 Jan 9, 2023
$124/mo
House
4 Beds
2 Baths
2,168 ft²
$108/ft²
$235,000 Apr 11, 2024
-
-
House
4 Beds
2 Baths
938 ft²
$277/ft²
$260,000 Apr 16, 2024
-
-
House
3 Beds
2 Baths
1,689 ft²
$154/ft²
$259,900 Mar 25, 2024
-
-
House
3 Beds
1.5 Baths
1,477 ft²
$176/ft²
$259,900 Apr 17, 2024
-
-
House
3 Beds
1.5 Baths
1,407 ft²
$167/ft²
$235,000 Mar 8, 2024
-
-

About Sandusky


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Frequently Asked Questions

When was property at 500 Hayes Drive built and last sold?
The property at 500 Hayes Drive was built in 1961 and last sold on Apr 15, 2021 for $243,000.
How much is this home worth?
The estimated value of the home located at 500 Hayes Drive is $242,549.
What are some comparable homes to 500 Hayes Drive?
There are currently no comparable homes to 500 Hayes Drive.

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