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Sold for $260,000
  • $260,000

    394 Woodland Ave, Lynchburg, VA 24503

    --beds
    0baths
    3,424sqft
    MultiFamily
    Built in 1927
    -- sqft lot
    $316,900 Zestimate®
    $76/sqft
    $1,138 Estimated rent

    Home value

    $316,900

    $292,000 - $349,000

    $1,138/mo

    Zestimate® history
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    $1,573/mo

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    What's special

    Great opportunity to own this income producing duplex on peaceful Woodland Ave. convenient to restaurants, shops, Randolph College and only a short distance to the Blackwater Creek Trail! Property also includes 394-1/2 Woodland Ave. Both units leased through June 30, 2020 and property currently producing over $20k gross rental income. Long term tenants say they would like to stay, otherwise live in one side and let the other side pay your mortgage. Roof and chimney replaced in 2018, all storm windows have been purchased and some installed. Remaining uninstalled storm windows to be included in sale. Can't list them all but some improvements in 394 to include kitchen cabinets, countertops, appliances, kitchen flooring and upstairs bathroom remodel. Some 394-1/2 improvements are kitchen ceiling, dining room walls, ceiling and trim, refrigerator, and laundry moved from basement to main level. Both units with off street parking and 394 includes an extra office/sitting area and sunroom!

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Other
    Features
    • Basement: Unfinished
    Interior area
    • Total interior livable area: 3,424 sqft

    Property

    Features
    • Exterior features: Stucco
    Lot
    • Size: 0.43 Acres
    Details
    • Parcel number: 00707013

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    • Roof: Shake / Shingle
    Condition
    • Year built: 1927

    Utilities & green energy

    • Sewer: City

    Community & HOA

    Location
    • Region: Lynchburg

    Financial & listing details

    • Price per square foot: $76/sqft
    • Tax assessed value: $259,900
    • Annual tax amount: $2,183

    Price history

    DateEventPrice
    10/25/2024Sold$260,000+41.7%$76/sqft
    Source: Public Record Report a problem
    3/2/2020Sold$183,500-5.8%$54/sqft
    Source: LMLS #321101 Report a problem
    11/5/2019Price change$194,900-7.1%$57/sqft
    Source: John Stewart Walker, Inc #321101 Report a problem
    9/20/2019Listed for sale$209,900$61/sqft
    Source: John Stewart Walker, Inc #321101 Report a problem
    3/2/2007Sold$209,900+32%$61/sqft
    Source: LMLS #226759 Report a problem
    8/9/2004Sold$159,000$46/sqft
    Source: LMLS #211991 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,183 +7.8%$259,900 +14.2%
    2024$2,025 $227,500
    2023$2,025 -11.1%$227,500 +10.9%
    2022$2,277 $205,100
    2021$2,277 $205,100
    2020$2,277 $205,100
    2019$2,277 +3.2%$205,100 +3.2%
    2018$2,207 +1.2%$198,800
    2017$2,181 $198,800 +1.2%
    2016$2,181 $196,500
    2015$2,181 $196,500 -3.6%
    2014$2,181 $203,900
    2012-- $203,900
    2011-- $203,900 +0.7%
    2009-- $202,500 +12.5%
    2008-- $180,000 +16.3%
    2007-- $154,800
    2006-- $154,800
    2005-- $154,800 +31.6%
    2004-- $117,600
    2003-- $117,600 +5%
    2002-- $112,000
    2001-- $112,000
    Find assessor info on the county website

    Neighborhood: 24503

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Lynchburg

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Get a Zillow Showcase℠ listing at no additional cost and you could sell for .
    $316,900
    2% more
    +$6,338
    With Zillow Showcase(estimated)
    $323,238