7505 Timberlake Road, Lynchburg, VA 24502 (MLS # 348770)
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Zoned B-1, R-C, R-1. There are separate buildings on the property the main house is known as the Big Cottage which offers 2 bedrooms, 1 bath, living room/dinning, along with covered front porch, laundry and back deck area over looking the farm! The Red barn offers three individual studio apartments with full bath and bistro kitchen fully furnished there is an additional unit in the barn that is nearly completed which would make 4 units! The entire east side border of property is dreaming creek! It's a beautiful park like setting with large field along creek! This is by far one of the most unique properties! Great potential with adjoining property MLS #350077 15.50 acreage at $299K listed with Realty One Group both parcels together would allow 20 Acres in sought after Timberlake Rd! Development potential!!!!Would make a great 55+ community with access to Timeberlake and Roundelay Circle! Opportunity for a development area with adjoining acreage or already a working Airbnb!
| DAYS ON MARKET | 435 | LAST UPDATED | 5/6/2024 |
|---|---|---|---|
| TRACT | Timberlake Commercial Corridor | YEAR BUILT | 1946 |
| COUNTY | Lynchburg | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| School District | Lynchburg |
|---|---|
| Elementary School | Heritage Elem |
| Jr. High School | Sandusky Midl |
| High School | Heritage High |
| PRICE HISTORY | |
| Prior to Jan 3, '24 | $949,000 |
|---|---|
| Jan 3, '24 - Mar 5, '24 | $899,500 |
| Mar 5, '24 - May 6, '24 | $898,500 |
| May 6, '24 - Today | $799,000 |
| ADDITIONAL DETAILS | |
| APPLIANCES | Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer |
|---|---|
| BARN/EQUESTRIAN | Yes |
| BASEMENT | Partial, Yes |
| CONSTRUCTION | Brick, Wood Siding |
| EXTERIOR | Garden |
| FIREPLACE | Yes |
| HEAT | Heat Pump, Space Heater |
| LOT | 5.499 acre(s) |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Cape Cod |
| SUBDIVISION | Timberlake Commercial Corridor |
| TAXES | 3127 |
| UTILITIES | Cable Available |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Lauren Bell Real Estate, Inc.
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