NOT LISTED FOR SALE

1 Old Homestead Cir Palmyra, VA 22963

Estimated Value: $402,000 - $428,000

5 Beds
3.5 Baths
2,820 Sq Ft
$147/Sq Ft Est. Value

Last Sold July 14, 2021

Last sale price $288,350 $102 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $2,531/month

33 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • Heating System Uses Propane

About This Home

As of July 2021

Lovely brick home on a corner lot. Hardwood floors throughout the first level with built-in bookcases in the living room. Updated LED light fixtures throughout the house. 2 New AC units replaced in 2018 and 2021 with 10-year warranty. 5 nice size bedrooms with 3.5 bathrooms including a large master suite with sitting area. Open kitchen with granite countertops, cabinets that go to the ceiling, pantry, gas range, and custom built in breakfast nook seating. Continue entertaining onto the deck right off the family room. Finished basement with 2 bedrooms, 1 full bathroom, rec room and wet bar. Relax outside on your patio appreciating your fenced yard, that backs to beautiful mature trees. This home has plenty of room to live and grow. Seller to pay $550 towards your home warranty. With minor cosmetic repair, this home is an amazing value. Call for your showing today!

Last Agent to Sell the Property

Khaliyah Barakhyahu

EXP Realty LLC License #0225247736 Listed on: 04/30/2021

EXP Realty LLC

Last Buyer's Agent

Sherry Palmer

Lloyd's Real Estate LLC License #0225182053

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,222

Year Built

  • Built in 1996

Lot Details

  • 0.4 Acre Lot
  • Zoning described as R-4

HOA Fees

  • $94 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,820 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms

Schools

  • Central Elementary School
  • Fluvanna Middle School
  • Fluvanna High School

Utilities

  • Central Air
  • Heating System Uses Propane
  • Heat Pump System

Community Details

  • Lake Monticello Subdivision

Listing and Financial Details

  • Tax Lot 172
  • Assessor Parcel Number 18A-2-172

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,222

Year Built

Built in 1996

Lot Details

0

HOA Fees

$94 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1996
  • Property Attached Yn: No
  • Lot Size Acres: 0.396
  • Ownership: Individuals
  • Subdivision Name: Lake Monticello
  • Architectural Style: Two Story
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Carpet, Ceramic Tile, Tile, Wood
  • Basement: Full
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 936.0
  • Living Area: 2820.0
  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition, Shingle
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Seller Disclosure
  • Construction Type: Brick, Concrete, Vinyl Siding
  • Property Condition: Resale

Utilities

  • Heating: Heat Pump, Propane
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 1130.5
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Middle Or Junior School: Fluvanna

Lot Info

  • Parcel Number: 18A-2-172
  • Zoning Description: R-4
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 2222.0
  • Tax Lot: 172

MLS Schools

  • Elementary School: Central
  • High School: Fluvanna

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 30, 2021
Closed on
Jul 9, 2021
Sold by
Norris Shannon and Norris Amelia
Bought by
Smith Christopher M and Smith Amber J
Seller's Agent
Khaliyah Barakhyahu
EXP Realty LLC
Buyer's Agent
Sherry Palmer
Lloyd's Real Estate LLC
List Price
$293,000
Sold Price
$288,350
Premium/Discount to List
-$4,650
-1.59%
Current Estimated Value
$415,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,131
Avg. Annual Appreciation
8.89%
Original Mortgage
$283,126
Outstanding Balance
$256,455
Interest Rate
2.93%
Mortgage Type
FHA
Estimated Equity
$159,026

Purchase Details

Closed on
Apr 10, 2017
Sold by
Miller Scott E and Miller Rachel N
Bought by
Norris Shannon W and Norris Amelia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$241,000
Interest Rate
4.21%
Mortgage Type
VA
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Smith Christopher M $290,000 Old Republic National Title
Norris Shannon W -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Christopher M $283,126
Previous Owner Norris Shannon W $241,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2021 07/14/21 Sold $288,350 -1.6% $102 / Sq Ft
06/02/2021 06/02/21 Pending -- -- --
05/27/2021 05/27/21 For Sale $293,000 +1.6% $104 / Sq Ft
05/21/2021 05/21/21 Off Market $288,350 -- --
04/30/2021 04/30/21 For Sale $285,000 -- $101 / Sq Ft
Source: Central Virginia Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,029 $403,900 $30,000 $373,900
2024 $25 $297,800 $30,000 $267,800
2023 $2,513 $297,800 $30,000 $267,800
2022 $2,248 $258,400 $27,500 $230,900
2021 $2,248 $258,400 $27,500 $230,900
2020 $2,222 $240,200 $27,500 $212,700
2019 $2,222 $240,200 $27,500 $212,700
2018 $1,957 $215,800 $27,500 $188,300
2017 $1,957 $215,800 $27,500 $188,300
2016 $1,956 $213,300 $27,500 $185,800
2015 $1,836 $213,300 $27,500 $185,800
2014 $1,836 $208,600 $27,500 $181,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2112728

Central Virginia Regional MLS

APN: 18A 2 172