Time to get a contract on an investment property in the desirable Rivermont area near Randolph College! Schedule a showing to see this 4-plex with a very successful rental history. This is a great option for new or experienced investors to jump in the market.All units have separate electric meters and the house gas boiler was fine-tuned recently. Units 1 & 2 have mini-splits to provide air conditioning.
Sold for $322,500
$322,500
221 S Princeton Cir, Lynchburg, VA 24503
--beds
3,934sqft
Multi Family
Built in 1911
-- sqft lot
$-- Zestimate®
$82/sqft
$1,943 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,943/mo
Zestimate® history
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$1,949/mo
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Zillow last checked:
Listing updated:
Listed by:
Terri Proffitt 434-316-3471 Terri.Proffitt@aol.com,
Consensus Real Estate Service,,
Stephanie C. Cox 434-851-4862,
Cox Management and Consulting
Bought with:
Stephanie C. Cox, 0225105461
Cox Management and Consulting
Source: LMLS,MLS#: 354384
Originating MLS: Lynchburg Board of Realtors
Originating MLS: Lynchburg Board of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Heat Pump, Steam-Gas
Cooling
- Heat Pump, Window Unit(s)
Appliances
- Included: Gas Water Heater, Unit 1(Dryer, Range/Oven, Refrigerator, Washer), Unit 2(Dryer, Range/Oven, Refrigerator, Washer), Unit 3(Dryer, Range/Oven, Refrigerator, Washer), Unit 4(Range/Oven, Refrigerator)
- Laundry: Individual Laundry
Features
- Flooring: Ceramic Tile, Concrete, Vinyl, Wood Floors
- Has fireplace: Yes
Interior area
- Total structure area: 3,934
- Total interior livable area: 3,934 sqft
Property
Parking
- Parking features: On Street, Paved Drive
- Has uncovered spaces: Yes
Features
- Patio & porch: Unit 3(Porch), Unit 4(Balcony/Patio)
Lot
- Size: 0.25 Acres
Details
- Foundation area: 1367
- Parcel number: 01901005
- Zoning: R4R3
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Drywall, Plaster, Wood Siding
Condition
- Year built: 1911
Utilities & green energy
- Electric: American Electric, Indiv Meter/Electric
- Sewer: City
- Water: City
- Utilities for property: Unit 3 Cable TV
Community & HOA
Community
- Features: Near Public Transport, Shopping Nearby
- Subdivision: Randolph College Area
Location
- Region: Lynchburg
Financial & listing details
- Price per square foot: $82/sqft
- Tax assessed value: $311,900
- Annual tax amount: $2,445
- Date on market: 9/1/2024
- Cumulative days on market: 80 days
- Lease term: 12 Months
Price history
| Date | Event | Price |
|---|---|---|
| 12/17/2024 | Sold | $322,500-11.6%$82/sqft |
Source:  LMLS #354384 Report a problem | ||
| 9/19/2024 | Price change | $364,900-1.9%$93/sqft |
Source: LMLS #354384 Report a problem | ||
| 9/1/2024 | Listed for sale | $372,000+88.4%$95/sqft |
Source: LMLS #354384 Report a problem | ||
| 10/31/2017 | Sold | $197,500-10.2%$50/sqft |
Source: LMLS #307276 Report a problem | ||
| 8/24/2017 | Listed for sale | $220,000+63%$56/sqft |
Source: Brownstone Properties #307276 Report a problem | ||
| 9/16/2010 | Sold | $135,000+13.4%$34/sqft |
Source: Public Record Report a problem | ||
| 1/30/2002 | Sold | $119,100$30/sqft |
Source: LMLS #132868 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,620 +7.2% | $311,900 +13.5% |
| 2024 | $2,445 | $274,700 |
| 2023 | $2,445 -0.7% | $274,700 +23.9% |
| 2022 | $2,462 | $221,800 |
| 2021 | $2,462 | $221,800 +20.5% |
| 2020 | -- | $184,100 |
| 2019 | -- | $184,100 +4.8% |
| 2018 | -- | $175,600 |
| 2017 | $1,949 | $175,600 |
| 2016 | $1,949 | $175,600 |
| 2015 | $1,949 | $175,600 -1.9% |
| 2014 | $1,949 | $179,000 |
| 2012 | -- | $179,000 |
| 2011 | -- | $179,000 |
| 2009 | -- | $179,000 +7.1% |
| 2008 | -- | $167,100 +35.3% |
| 2007 | -- | $123,500 |
| 2006 | -- | $123,500 |
| 2005 | -- | $123,500 +26.4% |
| 2004 | -- | $97,700 |
| 2003 | -- | $97,700 +5.1% |
| 2002 | -- | $93,000 |
| 2001 | -- | $93,000 |
Find assessor info on the county website
Neighborhood: 24503
Nearby homes
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Nearby schools
GreatSchools rating
- 4/10Bedford Hills Elementary SchoolGrades: PK-5Distance: 2 mi
- 2/10Linkhorne Middle SchoolGrades: 6-8Distance: 1.7 mi
- 3/10E.C. Glass High SchoolGrades: 9-12Distance: 2 mi
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- Virginia
- Lynchburg City
- Lynchburg
- 24503
- 221 S Princeton Cir
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