See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

205 College Dr, Lynchburg, VA, 24501

3beds
1baths
984sqft
$137,900
$140price/sqft
$1,044/moest. monthly cost
$41,760/yrincome needed

About This Home

Attention investors or first time homebuyers! This affordable home is move in ready in a great location. Located right by the University of Lynchburg this would make a great rental. Don't wait to schedule your showing!

Getting Around

60
WalkingSomewhat Walkable
32
TransitSome Transit
17
BikeSomewhat Bikeable

Schools

3/10
3/10
E.C. Glass High SchoolGrades 9-120.9 mi

Construction

Condition

  • Year built: 1946

Materials

  • Roof: Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Bungalow
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: None,Electric Water Heater
  • Laundry features: Main Level

Basement

  • Basement: Crawl Space

Bedroom2

  • Level: First
  • Area: 99

Bedroom3

  • Level: First
  • Area: 156

Bedroom4

  • Area: 0

Bedroom5

  • Area: 0

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Area: 0

Family Room

  • Area: 0

Features

  • Drywall,Main Level Bedroom
  • Flooring: Vinyl
  • Attic: Scuttle
  • Finished area below ground: 0
  • Finished area above ground: 984

Great Room

  • Area: 0

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 984
  • Total interior livable area: 984 sqft

Kitchen

  • Level: First
  • Area: 120

Living Room

  • Level: First
  • Area: 180

Master Bedroom

  • Level: First
  • Area: 132

Office

  • Area: 0

Property

Details

  • Parcel number: 01413012
  • Zoning: R2

Features

  • Levels: One
  • Patio & porch: Front Porch

Lot

  • Lot size: 6,224 sqft

Parking

  • Parking features: Off Street

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Strong Wind

FEMA Declared Disasters Across Virginia Counties

Severe Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $697$8,364
Home Insurance *$52$624
Property Taxes $93$1,116
Electricity $202$2,433
Total$1,044$12,528
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$35,794/yr
40% on housing$31,320/yr
45% on housing$27,840/yr

Virginia FAIR Plan Programs

Virginia Property Insurance Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 22,622Commercial: 503
Total Premiums$20.86M
Total Exposure$4.29B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.0%
10.0%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: -1.6%
-1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$140This listing

vs Other Active Listings

Avg $/sqft

ZIP 24501$99
Lynchburg City$91

vs Homes Sold Last Month

Median $/sqft

ZIP 24501$152
Lynchburg City$153

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-01Listed for sale$139,900

For Sale by Agent

AgentCharlie Watts
BrokerageWatts Auction Realty Appra Inc

Similar Homes