193 Cedar Cove Ln #221, Spout Spring, VA, 24593
About This Home
A twelve unit multi family investment in Appomattox County, known as the Village Square Apartments, this community is set on two acres, conveniently located on Cedar Cove Lane, just off of Rt 460. Village Square features three well-maintained, brick quadplexes with ample parking. Each unit has its own private entrance, and is composed of two bedrooms and one full bath with a large living room. The apartments are separately metered for electricity, and the units have all electric heating and air conditioning. Landlord provides a shared dumpster for trash removal and a house meter for exterior lighting and water supply. This property is sited on a gentle hilltop elevation, providing a sunny location with countryside views. The location provides the convenience of being close to the Town of Appomattox and a quick drive from Lynchburg. A great opportunity to acquire a well built and well maintained, multi unit property, in a growing area.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1970
Materials
- Construction materials: Brick
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 12
- Bathrooms: 6
- Full bathrooms: 6
Features
- Flooring: Carpet,Laminate
Heating & Cooling
- Heating features: Forced Warm Air-Elec
- Cooling features: Central Air
Interior Area
- Total structure area: 13,200
- Total interior livable area: 13,200 sqft
Property
Details
- Parcel number: 62A144
- Zoning: R-2
Lot
- Lot size: 2 Acres
Parking
- Parking features: Unpaved Drive
- Has uncovered spaces: Yes
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
- Cold Wave
- Lightning
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Virginia Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $6,067 | $72,804 |
| Home Insurance * | $413 | $4,956 |
| Property Taxes | $520 | $6,240 |
| Electricity | $1,271 | $15,257 |
| Total | $8,271 | $99,252 |
Income You'd Need if You Spent...
Virginia FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-08 | Listed for sale | $1,200,000 |
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