2278 Otey Street, Lynchburg, VA 24501

Fairview Heights, Lynchburg
Building in Fairview Heights
2 Stories
Built in 1900
Nearby Active Listings
Welcome to 2278 Otey Street, a building located in Fairview Heights, Lynchburg in Lynchburg, VA. As a quick overview, these are the most up-to-date information we've collected about the property. The building itself was built in 1900. There are a total of 2 floors. Finally, 2278 Otey Street was most recently sold on May 10, 2022 for $140,000. The market value for the land that the building sits on has been listed at $12,000. In addition, improvements upon the building have an added value of $129,900. In total, the total market value of the property as a whole is $141,900. According to local assessors, the total value of the building is currently valued at $141,900. Specifically, the value of the land that the property sits on has been assessed at $12,000. The building was last assessed in 2023. There is another building on the same land that 2278 Otey Street was built on.

Here's what we know about the features and amenities in this building. While there is no garage access for residents, you will probably be able to find a local garage to park your car at instead. We are not sure what system the building uses for cooling. Sadly, informaton related to the heating system was not disclosed. There is no porch or patio on the premise of the property. For those who love to swim, you'll want to check out community pools nearby as this particular property does not have a swimming pool. The local assessor's office has not provided us with information related to the roof cover material and the type of roof the building has.
Facts
General
Year Built
1900
Effective Year Built
1900
Building Count
2
Total Rooms
6
Bedroom Count
0
Bathroom Count
3
Full Bathrooms
3
Partial Bathrooms
3
Building Condition
unknown
Building Quality
unknown
Construction Type
Frame
Building Style
Multifamily
Exterior Walls Type
Alum/Vinyl siding
Interior Walls Type
unknown
Roof Shape Type
Gable or hip
Roof Cover Type
Composition shingle
Floor Count
2
Living Units
3
Floor Cover
unknown
Basement Type
unknown
Basement Area
0
Garage Type
unknown
Parking Space Count
0
Patio Type
unknown
Porch Type
Open porch
Pool Type
unknown
Unit Count
Building Floor Area
Floor Area Ratios
Building
Building Type
unknown
Property Class
Residential
Subdivision
FAIRVIEW HEIGHTS
Land Acres
0.23
Standard Land Use Code
Multi-family dwellings (generic, 2+)
County Land Use Code
unknown
Legal Description 1
RIVES, BLK J, LOT 103 & PT LOTS 104-106
Ownership
Current Owner
LCG PROPERTIES LLC
Current Owner's Name
LCG PROPERTIES LLC
Previous Owner
FOREST VIEWS LLC
Previous Owner's Name
FOREST VIEWS LLC
Owner Address - City
LYNCHBURG
Owner Address - State
VA
Owner Address - ZIP Code
24501
Owner Before Previous Owner
GRAVELY JAMES M
Ownership Rights Codes
unknown
Current Owner Is a Corporation Indicator
Yes
Neighborhood
School District Name
Lynchburg City Public Schools
Census Tract
001900
Census Block Code
3044
Census Group
3
Census Year
2020
Census - County FIPS
51680
Census - Full FIPS
516800019003044
Census - Metro Micro Statistical Area - Area Code
31340
Census - Metro Micro Statistical Area - Area Name
Lynchburg, VA
Census - Metro Micro Statistical Area - Area Type
metropolitan
Census - Place FIPS
5147672
Census Source
US Census Bureau
Census State FIPS
51
Census Tract Code
001900
School District - Unified - Grade High
12
School District - Unified - Grade Low
PK
School District - Unified - LEA Code
5102340
School District - Unified - Name
Lynchburg City Public Schools
Zoning
Zoning
R3
Geography
Parcel
050 22 021
Block
J
Lot
103-106
Lot Code
unknown
Latitude
37.3916
Longitude
-79.1505
FIPS
51680
Mailing Carrier Code
C043
Mailing Full Street Address
2278 OTEY ST
Mailing House Number
2278
Mailing Street Mode
ST
Mailing Street
OTEY
Mailing 4-Digit Zip Code
4380
Geo Status Code
unknown
Valuation
Timestamp
2024-02-16 23:29:23
UCID Flag
C
More About The Building
In total, the building area is listed as 2,547 square feet. The depth of the property lot was measured at 1,950 square feet and the front at 380 square feet. Fun fact, were you aware that buildings can shift depending on temperatures outdoors? This might remind you of middle school science classes, but heat will cause most materials to expand while the cold will cause them to contract. As a result, many architects and engineers often have to make sure that control joints are made up of the right materials and in good condition. The building class code for 2278 Otey Street is unknown but given the importance of this information, we will work to update this data as soon as possible.

Interested in learning more about the neighborhood that the property is located in? Buildings in the Fairview Heights area have a median price of $795. Those in the 25th percentile, have a price around $795. While those in the 75th percentile, have a price around $795. Typically, the buildings in this area have a median sqft of 776. That means that the median price per sqft is around $12. In other words, the price per sqft for buildings in the 25th percentile is $12. While the price per sqft for buildings in the 75th percentile is $12. As a breakdown, we've included the following stats:

  • There are currently no studio listings being advertised in the area.
  • There are currently no one bedroom listings being advertised in the area.
  • There is currently a single advertised two bedroom listing.
  • There are currently no three bedroom listings being advertised in the area.
  • There are currently no four bedroom listings being advertised in the area.
About The Area
2278 Otey Street is located in 24501. There are 26,509 people living here. There are 10,164 households. Most of these households have an average family size of 3.08 people. According to the census, 53% are currently renting while 47% own their homes. The median age of this population is around 28.7 years old. On average, most folks in the zipcode are unmarried. About 7% of folks speak a language other than English in this area. The area's employment rate is currently around 52.1%. Speaking of employment, the median income is $31,273. Most folks will commute by car for around 16.4 minutes. Finally, we know that 32% of residents in the area have graduated with their high school degree. Additionally, 13% and 6% have their Bachelor's and Master's degree, respectfully.

Moving on to the county level. Lynchburg city, Virginia has a population of 78,755 people. Based on census records, there are 28,282 registered households. Families in this area are on average made up of 3.05 people per household. Most folks are unmarried. They are also typically around 28.6 years old. Does diversity matter to you? Right now, 7% of folks speak a language other than English here. About 49% rent while 51% purchased their homes. Right now, the community is made up of 26% of residents who have graduated with at least a high school degree. On top of that, 20% have a Bachelor's degree and 14% have a Master's degree. The employment rate is currently around 54.1%. Those employed, have a median income of $40,728. If you move here, you can expect to commute mostly by car for around 17.6 minutes.

Finally, let's take a look at the stats related to Lynchburg, VA Urban Area. The urban area is home to 121,721 people. A total of 45,535 households are registered here. With average family sizes being listed at 3.05 people. About 26% of residents have graduated with a high school degree. Of the rest, 19% have their Bachelor's and 13% have their Master's degree. Folks speaking a language other than English, make up about 6% of the population. Looking to move to this urban area? You'll need to look forward to commuting by car for around 18.5 minutes. Speaking of your commute, 56.7% of people in this area are employed. The recorded median income is currently at $44,140 per year. The median population age has been listed at 32.7 years old. Interestingly enough, unmarried people make up the majority of the population. Last but not least, renters make up about 41% of the population while homeowners are at about 59% of the population.
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Studio Median Rent
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1BR Median Rent
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2BR Median Rent
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3BR Median Rent
PUBLIC TRANSIT
2
Campbell Ave and Otey St West (730 ft - 3 min walk)
Greater Lynchburg Transit Co.
2
Campbell Ave. (Westbound, Corner Of Otey St.) (780 ft - 3 min walk)
Greater Lynchburg Transit Co.
2
Campbell Ave. (Eastbound, Corner Of Otey St.) (790 ft - 3 min walk)
Greater Lynchburg Transit Co.
2
Campbell Ave. (Westbound, Corner Of Mosby Ave.) (910 ft - 4 min walk)
Greater Lynchburg Transit Co.
2
Campbell Ave. (Eastbound, Corner Of Edmunds St.) (910 ft - 4 min walk)
Greater Lynchburg Transit Co.

Nearby Schools

(within attendance boundary)
WILLIAM M. BASS ELEM  •  0.52 mi
1730 Seabury Ave, Lynchburg, VA 24501
Public  •  Elementary  •  Grades PK to 5
Lynchburg City Public Schools
SANDUSKY MIDDLE  •  2.96 mi
805 Chinook Place, Lynchburg, VA 24502
Public  •  Middle School  •  Grades 6 to 8
Lynchburg City Public Schools
HERITAGE HIGH  •  3.61 mi
3101 Wards Ferry Rd, Lynchburg, VA 24502
Public  •  High School  •  Grades 9 to 12
Lynchburg City Public Schools
School zoning information and other data are provided by RealtyHop Schools and 3rd party sources. The contents of the database are not guaranteed to be accurate or timely. Contact the schools or districts before making any decisions using on this data.
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