503 Ivy Lake Dr
Forest, VA 24551
6 bd 6 ba 7,489 sqft Built 1998 Lot 80,586 sqft single_family
Most recent sale
$850,000
Jun 24, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 24, 2022 | Sold | $850,000 | Public Record |
| Jun 23, 2022 | Sold | $850,000 | Lynchburg |
| May 13, 2022 | Price changed | $849,000 | MLS #337651 |
| Apr 28, 2022 | Price changed | $879,000 | MLS #337651 |
| Apr 15, 2022 | Listed | $925,000 | MLS #337651 |
| Jul 2, 2020 | Sold | $615,000 | Lynchburg |
| Apr 21, 2020 | Price changed | $629,000 | MLS #322465 |
| Dec 19, 2019 | Listed | $659,900 | MLS #322465 |
| Nov 8, 2019 | Price changed | $659,900 | MLS #319506 |
| Jun 30, 2019 | Listed | $699,900 | MLS #319506 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $790,800 | $80,000 | $870,800 | $3,570 |
| 2021 | $584,000 | $75,000 | $659,000 | $3,295 |
| 2020 | $584,000 | $75,000 | $659,000 | $3,295 |
| 2019 | $584,000 | $75,000 | $659,000 | $3,295 |
| 2016 | $545,700 | $75,000 | $620,700 | $3,228 |
| 2015 | $545,700 | $75,000 | $620,700 | $3,228 |
| 2014 | $565,600 | $65,000 | $630,600 | $3,279 |
| 2013 | $565,600 | $65,000 | $630,600 | $3,153 |
Property facts
Year built
1998
Property type
single_family
Stories
2
Beds
6
Baths
6
Living area
7,489 sqft
Lot size
80,586 sqft
ZIP code
24551
City
Forest
Street
Ivy Lake Dr
Coordinates
37.39273, -79.31563
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$5,100
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 503 Ivy Lake Dr last sell?
503 Ivy Lake Dr most recently sold on Jun 24, 2022 for $850,000.
What is the current tax assessment for 503 Ivy Lake Dr?
The most recent total assessment for 503 Ivy Lake Dr (year 2025) is $870,800 with $3,570 in property tax.
How does 503 Ivy Lake Dr's assessment compare to its last sale price?
The current assessment is 2.4% above the last sale price of $850,000.
When was 503 Ivy Lake Dr built?
503 Ivy Lake Dr was built in 1998.
How does 503 Ivy Lake Dr compare to others on Ivy Lake Dr?
We track 8 other properties on Ivy Lake Dr. Browse the list under "Other properties on Ivy Lake Dr" to compare beds, baths, and sale history.
What are the property facts for 503 Ivy Lake Dr?
503 Ivy Lake Dr is a 6 bed, 6 bath, 7,489 sqft, 80,586 sqft lot single_family.
Is 503 Ivy Lake Dr a flip candidate?
Yes — 503 Ivy Lake Dr appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 503 Ivy Lake Dr a tax-appeal candidate?
No — 503 Ivy Lake Dr is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+6.0%
Implied 1-yr
+24.2%
2026 Q3
$755K
2026 Q4
$787.8K
ZIP 24551 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Ivy Lake Dr