7505 Timberlake Rd Lynchburg, VA 24502
Property details
About 7505 Timberlake Rd
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! Its 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!
Highlights
Summary
- MLS Number: 348770
- MLS Name: Lynchburg
- Office Name: Lauren Bell Real Estate, Inc.
- Office Phone: (434) 384-1010
- Office Email: laurenbellrealestate@gmail.com
- Listing Agent: Marty Donovan
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: 2/22/2025, 9:20:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$798,500
7505 Timberlake Rd
$9,482
closing credit¹
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Price information
Property sales
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Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $348,000 | $3,097 |
| 2023 | $348,000 | $3,097 |
| 2022 | $286,900 | $3,184 |
| 2021 | $286,900 | $3,184 |
| 2020 | $286,900 | $3,184 |
| 2019 | $286,900 | $2,824 |
| 2018 | $344,600 | $3,825 |
| 2017 | $344,600 | $3,825 |
History based on county public records data.
Nearby schools
2
Heritage Elementary School
Public District KG-5
0.7 mi
•501 Leesville Rd
6
Tomahawk Elementary School
Public District PK-5
1.4 mi
•155 Bee Dr
2
Sheffield Elementary School
Public District KG-5
1.7 mi
•115 Kenwood Pl
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 $59,670. The most common annual income of people living in Lynchburg, VA is between $35k-100k. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
NBA/WNBA
Minor League Baseball Games
Continuing Education Courses
Where do the neighbors shop?
New York & Company
Express/Express For Men
Stein Mart
Where do the neighbors go to eat?
Qdoba
Chick-fil-A
Bonefish Grill
What do the neighbors drive?
Infiniti
Kia
Volkswagen
What do the neighbors listen to?
Active Rock
Talk/Personality
Urban Contemporary
Frequently asked questions
About 7505 Timberlake Rd
This home is located at 7505 Timberlake Rd in Lynchburg, VA and zip code 24502. This 1,284 square foot home, which was built in 1946, sits on a 5.50 acre lot. Features: 6 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since October 18, 2023 and is currently priced at $798,500.
In January 2025 more than 24 listings in Lynchburg, VA were sold above the asking price. During the same period more than 28 listings were sold at asking price, while more than 41 were sold below. Between December and January 2025, Lynchburg, VA real estate market has seen increase in the number of listings by 0.8%. In January 2025 median list price was $280,458 and the average listing age was 50 days.