See Home Value
$300,512*
House - Off Market

1500 Somerset Drive

Lynchburg, VA 24503
bedrooms
5 Beds
bathrooms
4 Baths
square feet
3806 Sqft
$243,000 - $295,000
Reference Base Price*
11.51%
Since Dec 1, 2021
National-US
Primary Model
Sold Nov 16, 2021
$250,000
$212,500 by Prosperity Home Mortgage
Mortgage

About This Property

Beautiful Center Hall Colonial Revival! Main floor has a large living room with fireplace (gas line roughed in) and built in bookcases, formal dining room, den or library with full bath and walk-in closet (was a master suite), a good size kitchen with butler's pantry, pantry and breakfast room. Gas fired one pipe steam boiler with radiators. Two zone central air conditioning. Finished attic has its own separate heating and cooling. Main house has the original Buckingham slate roof with copper flashing. New metal roof on one story addition, new gutters and downspouts and new imitation slate roof on garage and front porch.

The manager has listed the unit size as 3806 square feet.
Unit Size
3,806Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$71
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1931

Price History

Date / Event Date Event Price
Nov 18, 2021 No longer available -
No longer available
Nov 16, 2021 Sold to Patrick Lloyd Campbell Ii, ... $250,000
Sold to Patrick Lloyd Campbell Ii, ...
Sep 3, 2021 In contract -
In contract
Aug 6, 2021 Price Decreased $269,500
↓ $10K (3.7%)
Price Decreased
Jul 19, 2021 Price Decreased $279,900
↓ $15K (5.1%)
Price Decreased
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1931
  • Effective Year Built: 1931
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Construction Type: Frame
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Tile
  • Floor Count: 2
  • Basement Type: Finished improved basement
  • Basement Area: 1,160
  • Garage Type: Detached
  • Garage Square Area: 180
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 11,713
  • Lot Size Depth Feet: 1,770
  • Lot Size Frontage Feet: 700
  • Total Building Area: 2,609
  • Building Area: 2,609
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Steam
  • Heated Square Feet: 2,609
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: PEAKLAND
  • Land Acres: 0.268
  • Standard Land Use Code: Single family residential
  • Legal Description 1: SOMERSET PARK ADDN, LOT 1

Ownership

  • Current Owner : CAMPBELL PATRICK LLOYD
  • Current Owner 2: CAMPBELL SALLIE KATE
  • Previous Owner : INGE WILLIAM B
  • Is Owner Occupied: Owner-occupied property
  • Owner Generation Identifier: II

Neighborhood

  • School District Name: Lynchburg City Public Schools
  • Census Tract: 000201

Zoning

  • Zoning: R1

Geography

  • Parcel: 067 11 001
  • Lot: 1
  • Latitude: 37.4414
  • Longitude: -79.1983

    Address

  • Full Address: 1500 Somerset Dr
  • Address - House Number: 1500
  • Address - Street Name: Somerset
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: Lynchburg
  • Carrier Code: C086
  • 4-Digit Zip Code: 2427
  • Zip Code: 24503

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,557
  • Intital Tax Deliquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.2148
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 70
  • Final Value: 395,037
  • High Value: 479,904
  • Low Value: 310,170

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $311,758
  • First Open Lien Mortgage Lender: PROSPERITY HOME MORTGAGE
  • First Open Lien Mortgage Recording Date: Nov 16, 2021
  • First Open Lien Mortgage Loan Amount: $212,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Lender: HOMETAP INVESTMENT PARTNERS II
  • Second Open Lien Mortgage Recording Date: Sep 12, 2022
  • Second Open Lien Mortgage Loan Amount: $99,258
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $287,300
  • Market Land Value: $52,500
  • Market Improvement Value: $234,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $287,300
  • Assessed Land Value: $52,500
  • Assessed Improvements Value: $234,800

    Sales

  • Current Sale Contract Date: Nov 15, 2021
  • Current Sale Recording Date: Nov 16, 2021
  • Current Sale Transaction ID: 11870087310
  • Current Sale Price: $250,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 210010193

    Last Sale Mortgage

  • First Mortgage Lender: PROSPERITY HOME MORTGAGE
  • First Mortgage Transaction Date: Nov 16, 2021
  • First Mortgage Loan Amount: $212,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional



Comparables

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

About Bedford Hills


Similar Homes for Sale

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Nearby Rentals

Unit for rent at 133 Thicket Drive, LYNCHBURG, VA, 24502

$2,400 /mo

  • 4 Beds
  • 2.5 Baths
  • 1,660 ft²
133 Thicket Drive, LYNCHBURG, VA, 24502 Listing by raj cheruku


Frequently Asked Questions

When was property at 1500 Somerset Drive built and last sold?
The property at 1500 Somerset Drive was built in 1931 and last sold on Nov 15, 2021 for $250,000.
How much is this home worth?
The estimated value of the home located at 1500 Somerset Drive is $270,924.
What are some comparable homes to 1500 Somerset Drive?
There are currently no comparable homes to 1500 Somerset Drive.

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