For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Lunenburg 23970
719 Red Level Lane
$40,000
● House - Off Market

719 Red Level Lane

Lunenburg, VA 23970
bedrooms
3 Beds
bathrooms
1 Bath
$209
Est. Monthly
59.78%
Cap Rate

About This Property

This 5-acre property offers great potential for investors. It features a two-story structure and an old trailer, making it ideal for a renovation project or new development. The land provides plenty of space for expansion, with a peaceful, rural setting that still offers easy access to local amenities. Whether you're looking to flip, rent, or build, this property offers solid investment potential. Sold as-is. Take advantage of this opportunity today!
Unit Size
-
Days on Market
38 days
Land Size
5.04 acres
Price per sqft
-
Property Type
House
Property Taxes
$12
HOA Dues
-
Year Built
-

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (CVRMLS #2423864)

Price History

Date / Event Date Event Price
Oct 18, 2024 Sold
Premium
Sold
Sep 30, 2024 In contract -
In contract
Sep 23, 2024 Price Decreased $39,900
↓ $5K (11.1%)
Price Decreased
Sep 20, 2024 Price Decreased $44,900
↓ $5K (10%)
Price Decreased
Sep 10, 2024 Listed by Innovation Properties, LLC $49,900
Listed by Innovation Properties, LLC

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Effective Year Built: 1970
  • Total Rooms: 5
  • Bedroom Count: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 219,542
  • Total Building Area: 720
  • Building Area: 720
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 720
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BAGLEY TRACT SD
  • Land Acres: 0000005040
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: BAGLEY TRACT SD 5.0397 AC

Neighborhood

  • School District Name: Lunenburg County Public Schools
  • Census Tract: 930300

Zoning

  • Zoning: 2

Geography

  • Account Number: 9274
  • District: 2
  • Subdivision Tract Number: SD
  • Parcel: 070 040 8
  • Municipality: COLUMBIAN GROVE
  • Latitude: 36.8533
  • Longitude: -78.1909

    Address

  • Full Address: 719 Red Level Ln
  • Address - House Number: 719
  • Address - Street Name: Red Level
  • Address - Suffix Type: Ln
  • State: VA
  • City Name: South Hill
  • Carrier Code: R002
  • 4-Digit Zip Code: 7122
  • Zip Code: 23970

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $19,038

    Appraisal Valuation

  • Standard Deviation: 0.437
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 12
  • Final Value: 109,895
  • High Value: 157,925
  • Low Value: 61,864

    Market Valuation

  • Market Total Value: $50,100
  • Market Land Value: $22,200
  • Market Improvement Value: $27,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $50,100
  • Assessed Land Value: $22,200
  • Assessed Improvements Value: $27,900
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lunenburg

Stats & Trends

Median Asking:

$230,000

Sale Price/ft²

$147

Below Asking

0.04%

Average Days on Market

54

Average Home Size

3654 ft²

Average Home Age

50 years

Currently For Sale

12 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
CVR

Listed by: Devin Moore, Innovation Properties, LLC
Last Updated: 3 years ago
Data Source: CVRMLS , MLS# 2423864
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Courtesy First Choice Realty.
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703

Frequently Asked Questions

When was property at 719 Red Level Lane built and last sold?
The property at 719 Red Level Lane was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 719 Red Level Lane is $0.
What are some comparable homes to 719 Red Level Lane?
There are currently no comparable homes to 719 Red Level Lane.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Lunenburg Homes for Sale
Lunenburg Houses for Sale
Lunenburg Land for Sale
Lunenburg Commercial for Sale
Lunenburg Homes with Basements
Lunenburg Homes with Pools
Lunenburg Homes with Parking
Lunenburg Homes with Garages
Nearby Cities
Brandermill Homes for Sale
Roanoke Rapids Homes for Sale
Woodlake Homes for Sale
South Boston Homes for Sale
Bracey Homes for Sale
Farmville Homes for Sale
Clarksville Homes for Sale
South Hill Homes for Sale
Nearby Property Records
Lunenburg County, VA Property Records
Nottoway County, VA Property Records
Prince Edward County, VA Property Records
Charlotte County, VA Property Records
Mecklenburg County, VA Property Records
Brunswick County, VA Property Records
Amelia County, VA Property Records
Dinwiddie County, VA Property Records
Nearby Counties
Chesterfield Homes for Sale
Mecklenburg Homes for Sale
Dinwiddie Homes for Sale
Halifax Homes for Sale
Prince Edward Homes for Sale
Amelia Homes for Sale
Nottoway Homes for Sale
Appomattox Homes for Sale
Top Real Estate Agents
Top Agents in Lunenburg
Top Agents in Chesterfield
Top Agents in 23112
Top Agents in Mecklenburg
Top Agents in Dinwiddie
Top Agents in Halifax
Top Agents in Prince Edward
Top Agents in 23927