557 3rd Ave, Danville, VA 24540 Property Records

Danville City property record for 557 3rd Ave, Danville, VA 24540

Property Summary

Property Type	Single Family Home
Details	1 ba · 1,230 sqft · built 1942
Lot Size	0.17 acres (7,405 sqft)
Owner	Company Name on Record
Last Sale	$350,000 (May 2023)
Tax Bill	$279 (2026)
Deeds & Mortgages	Feb 2024 Mortgage May 2023 Sale & Mortgage
Flood Zone	Zone X (minimal risk)
APN	`02694`

Property Details

APN / Parcel Number

Primary APN	`02694`
Alternative APN	`126520`

Interior

Full Baths	1 Bath
Total Rooms	5 Rooms
Stories	1 Story
Building Area	1,230 sqft Total Area
1st Floor Area	2,644 sqft
Interior Walls	Plaster

Exterior

Year Built	Built 1942
Effective Year Built	Effective 1942
Architectural Style	Conventional
Exterior Material	Brick Veneer
Roof Material	Composition Shingle
Lot Area	7,405 sqft (0.17 acres)
Lot Dimensions	131 ft deep x 56 ft wide
Porch	Open Porch
Porch Area	184 sqft
Patio Area	106 sqft

Utilities, Heating & Cooling

Heating System	HVAC
Sewer	Connected

Location & Zoning

Street Address	557 3RD AVE
City	DANVILLE
State	VA
Zip	24540-2622
Property Category	Residential
Property Type	Residential > Single Family > Home
Local Zoning Code	OLD TOWN R
Legal Description	37.9 FT PTS NO 18 & 20 THIRD AVE
Jurisdiction	DANVILLE CITY VA
Township / Civil Division	DANVILLE
Census Block Group	2
Census Block	2007
Census Tract	300

Owner

Source: Danville City records, as of October 1, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	1113 FRANKLIN TPKE, DANVILLE, VA 24540-1327
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Feb 27, 2024	Deed of Trust, Mortgage · Commercial Mortgage BEACON CREDIT UNION INC
May 12, 2023	Warranty Deed, Transfer · Balloon Mortgage 3RD PARTY INDIVIDUAL

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	May 12, 2023 · Amount on Record
Deed Sale	May 12, 2023 · Amount on Record
Deed Document Number	20231613
Record Updated	Oct 29, 2026

February 2024: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	DANVILLE CITY VA
Property Address	557 3RD AVE, DANVILLE, VA 24540-2622
Transaction Type	Mortgage
Record Updated	Mar 21, 2024
Title Company	BELLA TITLE AND ESCROW INC, ALL VA TITLE & ESCROW INC

Transferred To (Grantee/Buyer)

Name	Verified Name
Investor	Possibly a Property Investor

Mortgage

Document Number	0240000691
Date	Feb 27, 2024
Instrument	240000691

Lender

Name	BEACON CREDIT UNION INC

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	180 Months
Due	Feb 26, 2039

Interest

Rate Type	Adjustable Rate

May 2023: Warranty Deed, Transfer

Document Type	Warranty Deed
Jurisdiction	DANVILLE CITY VA
Recording Date	May 12, 2023
Property Address	557 3RD AVE, DANVILLE, VA 24540-2622
Document Number	0230001613
Instrument Date	May 11, 2023
Instrument	230001613
Transaction Type	Transfer
Record Updated	Jun 14, 2023
Title Company	ALL VA TITLE & ESCROW INC

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$0.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1113 FRANKLIN TPKE, DANVILLE, VA 24540-1327
Investor	Possibly a Property Investor

Mortgage

Document Number	0230001614
Date	May 12, 2023
Instrument	230001614

Lender

Name	3RD PARTY INDIVIDUAL
Type	Private Party

Agreement

Type	Balloon Mortgage
Amount	Amount Recorded
Term	36 Months
Due	May 11, 2026

Interest

Rate Type	Adjustable Rate
Rate	5%

Tax Assessment & Valuation

Source: Danville City assessment roll, as of October 1, 2026

Property Jurisdictions

Type	Name
State	Virginia
Municipality	Danville City
Unified School District	Danville City Public Schools (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2026	$279.00 (+16.74%)	$33,700 (+17.01%) Land $2,700 Building $31,000	$33,700 (+17.01%) Land $2,700 Building $31,000
2025	$239.00	$28,800 (-) Land $2,700 Building $26,100	$28,800 (-) Land $2,700 Building $26,100
2024	$239.00 (+13.81%)	$28,800 (+15.2%) Land $2,700 Building $26,100	$28,800 (+15.2%) Land $2,700 Building $26,100
2023	$210.00 (+8.25%)	$25,000 Land $2,700 Building $22,300	$25,000 Land $2,700 Building $22,300
2021	$194.00

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective March 25, 2016

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 97% of the US · lower than 98.4% of Virginia
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	CITY OF DANVILLE serves 42,590 people · EPA ID VA5590100
Water Source	Surface water
Last State Inspection	Oct 2023
Lead	Under 1 ppb (2022–2024) action level 15 ppb

Violations Reported to EPA

Water Quality	Total trihalomethanes resolved · Apr 2023
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. The service area is an EPA estimate; the actual supplier may differ.

Internet Providers

Source: FCC Broadband Data Collection, based on 391 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Xfinity Cable	2,000 / 250
Verizon Fixed Wireless	300 / 20

May also be available: RiverStreet Networks.

Nearby Properties on 3rd Ave

Nearby Streets

Search Property Records by Address or Parcel Number

Search by:

By searching, you agree to: Terms • Privacy • Disclosures