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For sale
    • Price cut: $20K (7/23)
    $665,000

    1216 Timberlake Dr, Lynchburg, VA 24502

    3beds
    2,948sqft
    : 
    $4,146/mo
    Get pre-qualified
    Single Family Residence
    Built in 1945
    0.29 Acres Lot
    $649,900 Zestimate®
    $226/sqft
    $23/mo HOA

    What's special

    Peaceful pondPrivate dockUnique character throughoutCharming main residenceMature gardensMultiple outdoor living spaces
    A rare opportunity for flexible lakefront living! This one-of-a-kind Timberlake property features a private studio apartment above the garage, perfect for overnight guests, a home office, or potential rental income. The apartment offers a separate living space away from the main home, giving everyone the privacy and independence they need. The charming main residence features 2 bedrooms, 2.5 baths, spacious living areas, and unique character throughout. Outside, enjoy a beautifully landscaped and fenced waterfront lot with mature gardens, a peaceful pond, multiple outdoor living spaces, a private dock, and a flat backyard ideal for entertaining, fishing, kayaking, or simply relaxing beside the lake. Whether you need space for multigenerational living, frequent visitors, working from home, or an investment opportunity, the apartment adds incredible versatility to this special property. Come experience the possibilities of Timberlake living!
    60 days
    |
    932
    |
    26
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Lisa Garrett 434-942-0729 lisabgarrett@gmail.com,

    NextHome TwoFourFive 434-382-1828,

    Polly R. Wooldridge 434-851-1508,

    NextHome TwoFourFive

    Source: LMLS,MLS#: 366904MLS LogoOriginating MLS: Lynchburg Board of Realtors

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Primary bedroom
      • Level: First
      • Area: 224
      • Dimensions: 16 x 14
      Bedroom
      • Dimensions: 0 x 0
      Bedroom 2
      • Level: Second
      • Area: 180
      • Dimensions: 12 x 15
      Bedroom 3
      • Level: Second
      • Area: 132
      • Dimensions: 11 x 12
      Bedroom 4
      • Area: 0
      • Dimensions: 0 x 0
      Bedroom 5
      • Area: 0
      • Dimensions: 0 x 0
      Dining room
      • Level: First
      • Area: 378
      • Dimensions: 21 x 18
      Family room
      • Area: 0
      • Dimensions: 0 x 0
      Great room
      • Area: 0
      • Dimensions: 0 x 0
      Kitchen
      • Level: First
      • Area: 204
      • Dimensions: 12 x 17
      Living room
      • Level: First
      • Area: 840
      • Dimensions: 28 x 30
      Office
      • Level: Second
      • Area: 180
      • Dimensions: 12 x 15
      Heating
      • Heat Pump
      Cooling
      • Heat Pump, Mini-Split
      Appliances
      • Included: Dishwasher, Microwave, Electric Range, Refrigerator, Electric Water Heater
      • Laundry: Laundry Closet
      Features
      • Apartment, Ceiling Fan(s), Drywall, Free-Standing Tub, High Speed Internet, Main Level Bedroom, Main Level Den, Primary Bed w/Bath, Separate Dining Room, Walk-In Closet(s)
      • Flooring: Hardwood, Tile
      • Basement: Crawl Space
      • Attic: Storage Only
      • Number of fireplaces: 1
      • Fireplace features: 1 Fireplace
      Interior area
      • Total structure area: 2,948
      • Total interior livable area: 2,948 sqft
      • Finished area above ground: 2,948
      • Finished area below ground: 0
      Video & virtual tour

      Property

      Parking
      • Parking features: Off Street
      Features
      • Levels: One and One Half
      • Patio & porch: Patio, Porch, Rear Porch, Side Porch
      • Exterior features: Garden
      • Fencing: Fenced,Privacy
      • On waterfront: Yes
      • Waterfront features: Lake Front, Waterfront Community
      Lot
      • Size: 0.29 Acres
      • Features: Landscaped
      Details
      • Additional structures: Workshop, Other
      • Parcel number: 20HINQ119
      • Zoning: R1
      • Other equipment: Whole House Generator

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence
      Materials
      • Vinyl Shake
      • Roof: Shingle
      Condition
      • Year built: 1945

      Utilities & green energy

      • Electric: AEP/Appalachian Powr
      • Sewer: Septic Tank
      • Water: County
      • Utilities for property: Cable Available, Cable Connections

      Community & HOA

      Community
      • Security: Smoke Detector(s)
      • Subdivision: Timberlake
      HOA
      • Has HOA: Yes
      • Services included: Lake/Pond
      • HOA fee: $280 annually
      Location
      • Region: Lynchburg

      Financial & listing details

      • Price per square foot: $226/sqft
      • Tax assessed value: $406,100
      • Annual tax amount: $917
      • Date on market: 5/28/2026
      • Cumulative days on market: 41 days

        Estimated market value

        $649,900

        $617,000 - $682,000

        $2,905/mo

        Price history

        DateEventPrice
        7/23/2026Price change$665,000-2.9%$226/sqft
        Source: LMLS #366904 Report a problem
        6/23/2026Listed for sale$685,000$232/sqft
        Source: LMLS #366904 Report a problem
        6/4/2026Pending sale$685,000$232/sqft
        Source: LMLS #366904 Report a problem
        5/28/2026Listed for sale$685,000+61.2%$232/sqft
        Source: LMLS #366904 Report a problem
        9/30/2021Sold$425,000$144/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2024$1,827 $406,100
        2023$1,827 +8.1%$406,100 +25%
        2022$1,690 $325,000
        2021$1,690 --
        2020-- --
        2019$1,101 $325,000 +53.5%
        2018$1,101 $211,700
        2017-- $211,700
        2016-- $211,700
        2015-- $211,700 +1.4%
        2014-- $208,800
        2013-- $208,800
        2012-- $208,800
        2011-- $208,800 -1.2%
        2010-- $211,400
        2009-- $211,400
        2008-- $211,400
        2007-- $211,400 +55.4%
        2006-- $136,000 +97.7%
        2004-- $68,800
        2003-- $68,800 +33.1%
        2002$295 $51,700
        2001$295 $51,700
        2000$295 $51,700
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 24502

        Getting around

        7 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        15 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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