Investor Opportunity with Strong Potential Opportunity knocks with this 3-bedroom, 2.5 bathroom townhouse offering incredible potential for investors, renovators, or buyers looking to build equity. With a solid layout and desirable bedroom count, this property is ready for cosmetic updates and a fresh vision. The home features a functional floor plan with generous living space and three well-sized bedrooms. With new flooring, fresh paint, and some thoughtful improvements, this property could easily be transformed into a desirable rental or profitable flip. Residents also enjoy access to community amenities including a swimming pool and tennis courts, all included in a very reasonable HOA, making the property even more attractive for future tenants or buyers. Townhomes with this configuration and amenities are consistently in demand for both long-term rentals and resale, making this a great opportunity for investors looking to add value. Bring your vision and unlock the potential!
Sold for $125,000
$125,000
224 Fountain Dr, Lynchburg, VA 24501
3beds
1,494sqft
Townhouse
Built in 1974
1,899 Square Feet Lot
$-- Zestimate®
$84/sqft
$1,629 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,629/mo
Zestimate® history
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$751/mo
Est. payment
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Est. payment
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List your homeWhat's special
Swimming poolFunctional floor planGenerous living spaceNew flooringThree well-sized bedroomsTennis courtsFresh paint
Zillow last checked:
Listing updated:
Listed by:
Kem E. Cobb 434-610-5548 Kem@KemCobb.com,
Elite Realty
Bought with:
Schyler Coleman Higgins, 0225225837
Cornerstone Realty Group Inc.
Source: LMLS,MLS#: 364861
Originating MLS: Lynchburg Board of Realtors
Originating MLS: Lynchburg Board of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Primary bedroom
- Level: Second
- Area: 180
- Dimensions: 12 x 15
Bedroom
- Dimensions: 0 x 0
Bedroom 2
- Level: Second
- Area: 120
- Dimensions: 12 x 10
Bedroom 3
- Level: Second
- Area: 120
- Dimensions: 12 x 10
Bedroom 4
- Area: 0
- Dimensions: 0 x 0
Bedroom 5
- Area: 0
- Dimensions: 0 x 0
Dining room
- Area: 0
- Dimensions: 0 x 0
Family room
- Area: 0
- Dimensions: 0 x 0
Great room
- Area: 0
- Dimensions: 0 x 0
Kitchen
- Level: First
- Area: 108
- Dimensions: 12 x 9
Living room
- Level: First
- Area: 315
- Dimensions: 21 x 15
Office
- Area: 0
- Dimensions: 0 x 0
Heating
- Heat Pump
Cooling
- Heat Pump
Appliances
- Included: Dishwasher, Electric Range, Refrigerator, Electric Water Heater
- Laundry: Dryer Hookup, Laundry Closet, Separate Laundry Rm., Washer Hookup
Features
- Ceiling Fan(s), Drywall, Main Level Den, Walk-In Closet(s)
- Flooring: Carpet, Laminate
- Basement: Slab
- Attic: Pull Down Stairs
Interior area
- Total structure area: 1,494
- Total interior livable area: 1,494 sqft
- Finished area above ground: 1,494
- Finished area below ground: 0
Property
Parking
- Parking features: Off Street
Features
- Levels: Two
- Patio & porch: Patio
Lot
- Size: 1,899 Square Feet
Details
- Parcel number: 22005006
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
Materials
- Brick, Vinyl Siding
- Roof: Shingle
Condition
- Year built: 1974
Utilities & green energy
- Electric: AEP/Appalachian Powr
- Sewer: City
- Water: City
Community & HOA
Community
- Subdivision: Three Fountains
HOA
- Has HOA: Yes
- HOA fee: $150 monthly
Location
- Region: Lynchburg
Financial & listing details
- Price per square foot: $84/sqft
- Tax assessed value: $144,400
- Annual tax amount: $1,200
- Date on market: 3/6/2026
- Cumulative days on market: 3 days
Price history
| Date | Event | Price |
|---|---|---|
| 4/28/2026 | Sold | $125,000-3.8%$84/sqft |
Source:  LMLS #364861 Report a problem | ||
| 3/9/2026 | Pending sale | $129,900$87/sqft |
Source: LMLS #364861 Report a problem | ||
| 3/6/2026 | Listed for sale | $129,900$87/sqft |
Source: LMLS #364861 Report a problem | ||
| 5/7/2025 | Listing removed | $1,500$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/2/2025 | Listed for rent | $1,500+100%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/21/2014 | Listing removed | $750$1/sqft |
Source: Brownstone Properties, Inc. Report a problem | ||
| 9/15/2014 | Listed for rent | $750$1/sqft |
Source: Brownstone Properties, Inc. Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,213 +11.7% | $144,400 +18.4% |
| 2024 | $1,086 | $122,000 |
| 2023 | $1,086 +6.3% | $122,000 +32.6% |
| 2022 | $1,021 | $92,000 |
| 2021 | $1,021 +9.3% | $92,000 +9.3% |
| 2020 | $935 | $84,200 |
| 2019 | $935 +3.6% | $84,200 +3.6% |
| 2018 | $902 +300% | $81,300 |
| 2017 | $226 | $81,300 |
| 2016 | $226 | $81,300 |
| 2015 | $226 | $81,300 -6.1% |
| 2014 | $226 | $86,600 |
| 2012 | -- | $86,600 |
| 2011 | -- | $86,600 |
| 2009 | -- | $86,600 +1.2% |
| 2008 | -- | $85,600 +22.1% |
| 2007 | -- | $70,100 |
| 2006 | -- | $70,100 |
| 2005 | -- | $70,100 +12.7% |
| 2004 | -- | $62,200 |
| 2003 | -- | $62,200 +2% |
| 2002 | -- | $61,000 |
| 2001 | -- | $61,000 |
Find assessor info on the county website
Neighborhood: 24501
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Nearby schools
GreatSchools rating
- 2/10Linkhorne Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 2/10Linkhorne Middle SchoolGrades: 6-8Distance: 1 mi
- 3/10E.C. Glass High SchoolGrades: 9-12Distance: 2.3 mi
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- Virginia
- Lynchburg City
- Lynchburg
- 24501
- 224 Fountain Dr
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