$1,424 Closing Credit¹
#358338, Salina M Khanna, Listing office: T.Y. Realty Incorporated
$118,000 List price
1516 Pierce St Lynchburg, VA 24501
$1,401
Closing credit¹
1 bed
1 full
648 sqft
0.1 acres
$182 / sqft
House
Property details
About 1516 Pierce St
This beautifully remodeled 1-bedroom, 1-bathroom home is bursting with charm and modern upgrades, making it an excellent choice for first-time buyers, those looking to downsize, or as a lucrative investment opportunity. Inside, youll find a bright, welcoming space with an updated kitchen featuring sleek countertops, new stainless steel appliances, and plenty of cabinetry space. The open layout creates a seamless flow between the living and dining areas, perfect for everyday living or hosting guests. The cozy bedroom and fully updated bathroom provide comfort and style in equal measure. Whether youre looking for a low-maintenance home or a rental property with strong appeal, this home fits the bill. With a manageable yard and a prime location just minutes away from Liberty University, downtown, and all the shopping, dining, and attractions in-between, this home offers exceptional convenience and value. Move-in ready and full of potential, its an opportunity you dont want to miss.
Highlights
Home typeSingle Family Residence
HeatingHeat Pump
StatusActive
CoolingHeat Pump
Size648 sqft
Lot size0.12 Acres
Year built1939
MLS #356748
Summary
- Full Bathrooms: 1
- Appliances: Electric Range, Refrigerator
- Basement: No
- Flooring Type: Laminate, Tile
- Interior: Cable Available, Ceiling Fan(s), Drywall, Main Level Bedroom, Dryer Connection, Laundry Closet, Main Level, Washer Connections
- Total Bedroom Count: 1
- Exterior: Porch, Rear Porch
- Architectural Style: Bungalow
- Heating: Heat Pump
- Cooling: Heat Pump
- List Price: $118,000
- Price/SqFt: $182
- HOA Amount: $0
- Annual Tax Amount: $587
- Tax Year: 2024
- Directions: Rt 29 to Kemper St exit. Turn right onto 15th Street. Turn Right onto Pierce Street. Property on the left at the corner of 16th and Pierce Street
- Year Built: 1939
- Stories: 1
- Living Area: 648 SqFt
- Lot Size: 0.12 Acres
- MLS Number: 356748
- MLS Name: Lynchburg
- Office Name: Long & Foster-Forest
- Office Phone: (434) 316-6100
- Listing Agent: Michael Perry
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: 6/15/2025, 12:55:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$118,000
1516 Pierce St
$1,401
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 31, 2023 | Home Sold | $67,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $66,000 | $587 |
| 2023 | $60,500 | $538 |
| 2022 | $29,200 | $324 |
| 2021 | $29,200 | $324 |
| 2020 | $28,300 | $235 |
| 2019 | $28,300 | $153 |
| 2018 | $27,600 | $306 |
| 2017 | $27,600 | $306 |
History based on county public records data.
Nearby schools
2
R. S. Payne Elementary School
Public District PK-5
0.2 mi
•1201 Floyd St
6
William M. Bass Elementary School
Public District KG-5
0.9 mi
•1730 Seabury Ave
3
T. C. Miller Elementary School
Public Magnet KG-5
1.0 mi
•600 Mansfield Ave
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 $22,606. Residents of Lynchburg, VA typically earn less than $<35k each year. Typical family type is single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
73%
<35k
25%
35k-100k
1%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
59%
Single, No Kids
23%
Single, with Kids
12%
Married, No Kids
6%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
7%
12-17 yrs old
18%
18-34 yrs old
38%
35-64 yrs old
22%
65+ yrs old
What do the neighbors do for fun?
NHRA Drag Racing
UFC- Pro Boxing
Where do the neighbors shop?
Big Lots
Family Dollar
Burlington
Where do the neighbors go to eat?
Golden Corral
Burger King
Popeyes
What do the neighbors drive?
Kia
Buick
Dodge
What do the neighbors listen to?
Adult Standards
Urban Contemporary
Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1516 Pierce St
The listing price of 1516 Pierce St property is $118,000.
The property 1516 Pierce St is a house located in Lynchburg, Virginia, 24501.
Active Listing: 1516 Pierce St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1516 Pierce St are: R. S. Payne Elementary School (GreatSchools Rating 2/10), William M. Bass Elementary School (GreatSchools Rating 6/10), T. C. Miller Elementary School (GreatSchools Rating 3/10), P. L. Dunbar Middle School (GreatSchools Rating 4/10), Linkhorne Middle School (GreatSchools Rating 2/10), Sandusky Middle School (GreatSchools Rating 3/10), 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 $587 (source: MLS/based on county public records data).
The last sale was on October 31, 2023 for $67,000 (source: MLS/tax record).
The property at 1516 Pierce St has 1 bedroom and 1 bathroom.
The property 1516 Pierce St is 648 SqFt (source: MLS/tax record).
The year of construction for 1516 Pierce St is 1939.
This home is located at 1516 Pierce St in Lynchburg, VA and zip code 24501 in the Diamond Hill neighborhood. This 648 square foot home, which was built in 1939, sits on a 0.12 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since January 18, 2025 and is currently priced at $118,000.
In May 2025 more than 42 listings in Lynchburg, VA were sold above the asking price. During the same period more than 36 listings were sold at asking price, while more than 52 were sold below. The number of homes for sale in Lynchburg, VA decreased by 5% between April and May 2025. In May 2025, listings were on the market for 27 days. During the same period, the median list price in this real estate market was $285,000.
From Rocket Homes Real Estate and based on county public records data.