116 Lake Dr
Lynchburg, VA 24502
5 bd 3 ba 3,325 sqft Built 1975 Lot 20,909 sqft single_family
Most recent sale
$335,000
Jun 28, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Nov 14, 2022 | Sold | $369,900 | Lynchburg |
| Sep 20, 2022 | Listed | $369,900 | MLS #340583 |
| Jun 28, 2021 | Sold | $335,000 | Public Record |
| Jun 25, 2021 | Sold | $325,000 | Lynchburg |
| May 19, 2021 | Price changed | $325,000 | MLS #330667 |
| Apr 13, 2021 | Listed | $344,900 | MLS #330667 |
| Apr 11, 1997 | Sold | $149,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $330,700 | $45,000 | $375,700 | $1,690 |
| 2024 | $330,700 | $45,000 | $375,700 | $1,690 |
| 2023 | $330,700 | $45,000 | $375,700 | $1,690 |
| 2022 | $178,700 | $25,000 | $203,700 | $1,059 |
| 2021 | $178,700 | $25,000 | $203,700 | $1,059 |
| 2020 | $178,700 | $25,000 | $203,700 | $1,059 |
| 2019 | $178,700 | $25,000 | $203,700 | $1,059 |
| 2018 | $175,500 | $30,300 | $205,800 | $1,070 |
| 2017 | $175,500 | $30,300 | $205,800 | $1,070 |
| 2016 | $175,500 | $30,300 | $205,800 | $1,070 |
| 2015 | $175,500 | $30,300 | $205,800 | $1,070 |
| 2014 | $171,200 | $30,000 | $201,200 | $1,046 |
| 2013 | $171,200 | $30,000 | $201,200 | $1,066 |
| 2010 | $170,200 | $30,000 | $200,200 | $921 |
| 2009 | $170,200 | $30,000 | $200,200 | $921 |
Property facts
Year built
1975
Property type
single_family
Stories
2
Beds
5
Baths
3
Living area
3,325 sqft
Lot size
20,909 sqft
ZIP code
24502
City
Lynchburg
Street
Lake Dr
Coordinates
37.30220, -79.26478
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
$2,010
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 116 Lake Dr last sell?
116 Lake Dr most recently sold on Jun 28, 2021 for $335,000.
What is the current tax assessment for 116 Lake Dr?
The most recent total assessment for 116 Lake Dr (year 2025) is $375,700 with $1,690 in property tax.
How does 116 Lake Dr's assessment compare to its last sale price?
The current assessment is 12.1% above the last sale price of $335,000.
When was 116 Lake Dr built?
116 Lake Dr was built in 1975.
How does 116 Lake Dr compare to others on Lake Dr?
We track 8 other properties on Lake Dr. Browse the list under "Other properties on Lake Dr" to compare beds, baths, and sale history.
What are the property facts for 116 Lake Dr?
116 Lake Dr is a 5 bed, 3 bath, 3,325 sqft, 20,909 sqft lot single_family.
Is 116 Lake Dr a flip candidate?
No — 116 Lake Dr does not appear in our flips dataset.
Is 116 Lake Dr a tax-appeal candidate?
No — 116 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
-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 Lake Dr