#355367, Luke J Dykeman, Listing Office: Coldwell Banker Commercial Read & Company
Property details
About 1504 Elm St
**Prime Downtown Lynchburg Land - 1.38 Acres** Discover a rare gem in the heart of downtown Lynchburg! This expansive 1.38-acre undeveloped lot offers unparalleled opportunities with potential for up to 22 townhomes. Enjoy stunning views of the James River and the convenience of walking to Lynchburgs vibrant downtown attractions. This unique parcel combines city living with picturesque landscapes, making it perfect for a residential development or investment. Seize the chance to transform this prime location into a thriving community with panoramic river views and easy access to the best of downtown Lynchburg. Act fast - opportunities like this are one in a million!
Highlights
Home typeUnimproved Land
StatusActive
Lot size1.38 Acres
MLS #354393
Summary
- List Price: $495,000
- Annual Tax Amount: $1,206
- Tax Year: 2024
- Lot Size: 1.38 Acres
- MLS Number: 354393
- MLS Name: Lynchburg
- Office Name: eXp Realty LLC-Lynchburg
- Office Phone: (434) 849-8597
- Listing Agent: Christopher Kiger
Information is provided by the Lynchburg Association of REALTORS®. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2025 Lynchburg Association of REALTORS®. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2025, 10:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$495,000
1504 Elm St
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Feb 26, 2021 | Home Sold | $2,230,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $135,600 | $1,206 |
| 2023 | $135,600 | $1,206 |
History based on county public records data.
Nearby schools
2
R. S. Payne Elementary School
Public District PK-5
0.8 mi
•1201 Floyd St
6
William M. Bass Elementary School
Public District KG-5
1.3 mi
•1730 Seabury Ave
6
Dearington Elementary School
Public Magnet KG-5
1.5 mi
•210 Smyth St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $17,586. Most Lynchburg, VA residents have annual incomes less than $<35k. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
66%
<35k
31%
35k-100k
2%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
82%
Single, No Kids
10%
Single, with Kids
8%
Married, No Kids
0%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
9%
<11 yrs old
3%
12-17 yrs old
26%
18-34 yrs old
54%
35-64 yrs old
8%
65+ yrs old
What do the neighbors do for fun?
NBA/WNBA
Major League Soccer (MLS)
Pro Wrestling
Where do the neighbors shop?
Express/Express For Men
Banana Republic
Burlington
Where do the neighbors go to eat?
Starbucks
Sonic
Cicis Pizza
What do the neighbors drive?
Pontiac
Infiniti
Oldsmobile
What do the neighbors listen to?
Urban Contemporary
News
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1504 Elm St
The listing price of 1504 Elm St property is $495,000.
The property 1504 Elm St is land located in Lynchburg, Virginia, 24504.
Active Listing: 1504 Elm St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1504 Elm St are: R. S. Payne Elementary School (GreatSchools Rating 2/10), William M. Bass Elementary School (GreatSchools Rating 6/10), Dearington Elementary School (GreatSchools Rating 6/10), P. L. Dunbar Middle School (GreatSchools Rating 4/10), Linkhorne Middle School (GreatSchools Rating 2/10), Monelison Middle School (GreatSchools Rating 4/10), E. C. Glass High School (GreatSchools Rating 3/10), Heritage High School (GreatSchools Rating 2/10), Brookville High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $1,206 (source: MLS/based on county public records data).
The last sale was on February 26, 2021 for $2,230,000 (source: MLS/tax record).
The property 1504 Elm St is 1.38 acres.
The sq. ft. of 1504 Elm St is not available (source: MLS/tax record).
This home is located at 1504 Elm St in Lynchburg, VA and zip code 24504 in the Diamond Hill neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since August 30, 2024 and is currently priced at $495,000.
While more than 28 listings in Lynchburg, VA in April 2025 were sold above asking price, there were more than 29 listings sold at asking price, and more than 47 were sold below. In April 2025 in Lynchburg, VA there were 7.5% more homes for sale than in March. In April 2025, listings were on the market for 45 days. During the same period, the median list price in this real estate market was $284,606.
From Rocket Homes Real Estate and based on county public records data.