Great investment opportunity as a rental or to renovate! It was previously being rented for $825/month. Charming 2 bedroom, 1 bathroom bungalow close to downtown shopping and restaurants! Hardwood flooring throughout the main level living. Sun room could be used for an office. New white seamless gutters added, newer water heater, newer appliances, sump pump installed, foundation was sealed, french drain and gutters attached. Sold as is.
- MLS# 344415
- Date Listed06/01/2023
- Bedrooms 2
- Bathrooms 1 Full baths
- Lot Size 0.12 acres (5,022 sq. ft)
- Sewer Public Sewer
- Subdivision Rivermont
- Property Type Single Family
- County Lynchburg
- Year Built 1932
- Water Public
- Square Feet 1,481 sq. ft
- Price Per Sq. Ft $65.83
Interior Features
- Appliances Electric Range, Refrigerator, Electric Water Heater
- Flooring Hardwood, Laminate, Wood
- Heating Heat Pump
Exterior / Lot Features
- Roof Shingle
- Lot Size Acres 0.12
- Lot Size SQFT 5,022.00
- Lot Features -
Directions
Rivermont Avenue to Charlotte St, Right on Dearing St. Home will be on the left.
Financial Considerations
- Tax Amount $782
- Terms Cash, Conventional, FHA, VA Loan
Sales & Tax History
Source: Public Records
| Year | Total Assessments |
|---|---|
| 2023 | $86,100 |
| 2022 | $71,800 |
| 2021 | $71,800 |
| 2020 | $49,400 |
| 2019 | $49,400 |
| 2018 | $49,400 |
| 2017 | $35,100 |
| 2016 | $35,100 |
| 2014 | $35,100 |
| Date | Event | Price |
|---|---|---|
| 07/01/2023 | Sold | $85,000.00 12.82% |
| 06/18/2023 | Pending | $97,500.00 |
| 06/08/2023 | Active | $97,500.00 |
| 06/04/2023 | Pending | $97,500.00 |
| 06/01/2023 | Active | $97,500.00 |
| Street Address | Beds | Baths | Sold Date | List Price | Valuation Date | Valuation Price |
|---|---|---|---|---|---|---|
| 1008 Monroe Street | Listing | 2 | 1 | Dec 09, 2025 | $39,000 | Mar 21, 2024 | $56,106 |
| 2700 Memorial Avenue | Listing | 6 | 4 | Nov 03, 2025 | $279,999 | Mar 21, 2024 | $180,496 |
| 2530 Poplar Street | 4 | 2 | Nov 12, 2025 | $12,000 | Dec 16, 2025 | - |
| 611 8th Street | 4 | 2 | Nov 10, 2025 | $33,000 | Dec 16, 2025 | - |
| 268 Leftwich Road | 3 | 3 | Oct 20, 2025 | $419,900 | Dec 16, 2025 | - |
| 807 Pershing Avenue | 3 | 3 | Nov 10, 2025 | $259,999 | Dec 16, 2025 | - |
| 1518 14th Street | 2 | 2 | Oct 31, 2025 | $139,000 | Dec 16, 2025 | - |
| 306 Oakridge Boulevard | 3 | 2 | Nov 11, 2025 | $239,900 | Dec 16, 2025 | - |
| 3809 Peakland Place | 6 | 5 | Dec 04, 2025 | $1,150,000 | Dec 16, 2025 | - |
| 1115 Jackson Street | 4 | 2 | Oct 30, 2025 | $97,000 | Dec 16, 2025 | - |
Population & Environment
Source: Sperling's Best Places
| Zip | City | County | National | |
|---|---|---|---|---|
| Population | 20,422 | 85,954 | 80,627 | 335,858,263 |
| Population Density | 487 | 1,751 | 106 | 95 |
| People per Household | 2.3 | 2.3 | 2.5 | 2.6 |
| Median Age | 42.7 | 33.6 | 46.6 | 39.1 |
| Median Income | $76,231 | $48,375 | $65,791 | $66,222 |
| Average Income | $43,425 | $26,329 | $34,140 | $35,475 |
| Cost of Living Index | 83 | 76 | 86 | 100 |
| Zip | City | County | National | |
|---|---|---|---|---|
| January Avg. High Temp | 24.5°F | 24.5°F | 24.9°F | 22.6°F |
| July Avg. High Temp | 86.4°F | 86.4°F | 86.2°F | 86.2°F |
| Annual Precipitation | 44.61" | 43.31" | 44.8" | 38" |
31/100
Car-Dependent
Walk Score ®
29/100
Some Transit
Transit Score ®
36/100
Bikable
Bike Score ®
Overview
Most errands require a car. A few nearby public transportation options. Minimal bike infrastructure.Transit Summary
4 nearby routes: 4 bus, 0 rail, 0 other
Walkability averages in the surrounding area
The average walkability score in the surrounding area is Walk Score: 16/100, Transit Score: 13/100, Bike Score: 13/100.
Property Change History
Points of Interest near 1016 Dearing Street, Lynchburg, VA 24503
0.21 mi
Distance
0.26 mi
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0.28 mi
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0.33 mi
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0.41 mi
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0.5 mi
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0.22 mi
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0.42 mi
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0.27 mi
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0.31 mi
Distance
Treasure Island, Amherst County, VA, USA
Natural • Recreation
0.49 mi
Distance
0.61 mi
Distance
0.51 mi
Distance
0.61 mi
Distance
0.62 mi
Distance
0.22 mi
Distance
0.24 mi
Distance
0.31 mi
Distance
Treasure Island, Amherst County, VA, USA
Natural • Recreation
0.49 mi
Distance
0.22 mi
Distance
0.3 mi
Distance
0.56 mi
Distance
0.61 mi
Distance
0.26 mi
Distance
0.49 mi
Distance
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Frequently Asked Questions for 1016 Dearing Street
Source: Realty.com
1016 Dearing Street, Lynchburg, VA 24503 is a Single Family 1,481 sq. ft. home listed for sale. Realty.com has 38 photos available of this 2 bed, 1 bath house, listed at $97,500. View sales and tax history, use our mortgage calculator and more on Realty.com
Realty.com has 38 photos of 1016 Dearing Street.
Our records indicate that 1016 Dearing Street was built in 1932.
The full address for this home is 1016 Dearing Street, Lynchburg, VA 24503.
1016 Dearing Street has been listed on Realty.com since Thu June 01, 2023
Most errands require a car. A few nearby public transportation options. Minimal bike infrastructure.
The average walkability score in the surrounding area is Walk Score: 16/100, Transit Score: 13/100, Bike Score: 13/100.
Listing provided courtesy of:
Realty One Group Leading Edge
(tel: 434-544-0100)
Listing agent:
Christine Avery
(tel: 434-544-0100)
(#L01918)
This content last refreshed on 2025-12-16 02:01:28. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Export listing data of 1016 Dearing Street, Lynchburg, VA 24503 : MLS# 344415