408 Cambridge Dr
Lynchburg, VA 24502
3 bd 2 ba 2,040 sqft Built 1990 Lot 43,996 sqft single_family
Most recent sale
$290,000
May 16, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 16, 2022 | Sold | $290,000 | Public Record |
| May 13, 2022 | Sold | $290,000 | Lynchburg |
| Apr 22, 2022 | Listed | $287,000 | MLS #337782 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $218,500 | $59,000 | $277,500 | $1,137 |
| 2021 | $173,300 | $44,000 | $217,300 | $1,087 |
| 2020 | $173,300 | $44,000 | $217,300 | $1,086 |
| 2019 | $173,300 | $44,000 | $217,300 | $1,086 |
| 2016 | $128,100 | $40,000 | $168,100 | $874 |
| 2015 | $128,100 | $40,000 | $168,100 | $874 |
| 2014 | $137,100 | $31,000 | $168,100 | $874 |
| 2013 | $137,100 | $31,000 | $168,100 | $840 |
Property facts
Year built
1990
Property type
single_family
Stories
2
Beds
3
Baths
2
Living area
2,040 sqft
Lot size
43,996 sqft
ZIP code
24502
City
Lynchburg
Street
Cambridge Dr
Coordinates
37.41504, -79.24981
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
$3,060
Gross rental yield
12.66%
Implied cap rate
8.23%
Trend-extrapolated value
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Frequently asked questions
When did 408 Cambridge Dr last sell?
408 Cambridge Dr most recently sold on May 16, 2022 for $290,000.
What is the current tax assessment for 408 Cambridge Dr?
The most recent total assessment for 408 Cambridge Dr (year 2025) is $277,500 with $1,137 in property tax.
How does 408 Cambridge Dr's assessment compare to its last sale price?
The current assessment is 4.3% below the last sale price of $290,000.
When was 408 Cambridge Dr built?
408 Cambridge Dr was built in 1990.
How does 408 Cambridge Dr compare to others on Cambridge Dr?
We track 8 other properties on Cambridge Dr. Browse the list under "Other properties on Cambridge Dr" to compare beds, baths, and sale history.
What are the property facts for 408 Cambridge Dr?
408 Cambridge Dr is a 3 bed, 2 bath, 2,040 sqft, 43,996 sqft lot single_family.
Is 408 Cambridge Dr a flip candidate?
No — 408 Cambridge Dr does not appear in our flips dataset.
Is 408 Cambridge Dr a tax-appeal candidate?
No — 408 Cambridge 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
-2.0%
Implied 1-yr
-7.9%
2026 Q3
$272.7K
2026 Q4
$266.5K
ZIP 24502 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Cambridge Dr