NOT LISTED FOR SALE

Estimated Value: $433,000 - $534,636

16 Acres
$30,424 Price per Acre
703,930 Sq Ft Lot

Last Sold January 08, 2019

Last sale price $250,000

Est. 97% increase in value since last sale

Current estimated payment $2,828/month

206 Days on Market

Highlights

  • River Front
  • 16.16 Acre Lot
  • Wooded Lot
  • Liberty Middle School Rated A-

About This Lot

As of January 2019

Unique opportunity in Hanover County! Secluded yet close to everything, this 16.16 acre parcel boasts 1,000 feet of river frontage. This one-of-a-kind parcel is already approved to be divided into three family parcels. Build your dream home here! The 50 feet of road frontage opens to the state-maintained road. Property currently has a 5-bed, 2.5 bath double wide with deep well and Multiflow alternative septic system.
Great potential for a developer/builder with lovely home sites near the river.

Last Agent to Sell the Property

Friend Wells

Assist2Sell Buyers and Sellers License #0225222325 Listed on: 05/17/2018

Last Buyer's Agent

NON MLS USER MLS

NON MLS OFFICE

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,753

Year Built

  • 2004

Lot Details

  • 16.16 Acre Lot
  • River Front
  • Street terminates at a dead end
  • Wooded Lot
  • May Be Possible The Lot Can Be Split Into 2+ Parcels
  • Zoning described as A1

Schools

  • Elmont Elementary School
  • Liberty Middle School
  • Patrick Henry High School

Utilities

  • Well
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 7777-64-8805

Property Details

Property Type

Land

Est. Annual Taxes

$1,753

Year Built

2004

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential
  • Lot Size Acres: 16.16
  • Water Body Name: Chickahominy
  • Ownership: Individuals
  • Subdivision Name: None
  • Property Sub Type Additional: Residential,Unimproved Land
  • Special Features: None
  • Year Built (Public Record): 2004

Interior Features

  • Possible Use: Multi-Family, Subdivision, Single Family
  • Basement YN: No

Exterior Features

  • Lot Features: Dead End, Split Possible, Wooded, Waterfront
  • Waterfront Features: River Front, Waterfront
  • Waterfront: Yes

Utilities

  • Sewer: Septic Tank
  • Water Source: Well
  • Electricity On Property: Yes
  • Utilities: Natural Gas Not Available, Electricity Available

Schools

  • Middle Or Junior School: Liberty

Lot Info

  • Parcel Number: 7777-64-8805
  • Zoning Description: A1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 1753.0

MLS Schools

  • Elementary School: Elmont
  • High School: Patrick Henry

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2018
Closed on
Dec 31, 2018
Sold by
Terrell Barnes Willa F and Barnes David Craig
Bought by
Hassan Naila
Seller's Agent
Friend Wells
Assist2Sell Buyers and Sellers
Buyer's Agent
NON MLS USER MLS
NON MLS OFFICE
List Price
$299,500
Sold Price
$250,000
Premium/Discount to List
-$49,500
-16.53%
Total Days on Market
206
Current Estimated Value
$491,659

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$241,659
Avg. Annual Appreciation
10.56%
Original Mortgage
$225,000
Outstanding Balance
$201,275
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$274,055
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Hassan Naila $250,000 Ct&E Settlements
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hassan Naila $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2019 01/08/19 Sold $250,000 -8.9% --
12/09/2018 12/09/18 Pending -- -- --
10/18/2018 10/18/18 Price Changed $274,500 -3.5% --
09/25/2018 09/25/18 Price Changed $284,500 -3.4% --
09/18/2018 09/18/18 Price Changed $294,500 -1.7% --
09/05/2018 09/05/18 For Sale $299,500 +19.8% --
06/14/2018 06/14/18 Off Market $250,000 -- --
05/17/2018 05/17/18 For Sale $299,500 -- --
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
2024 $2,627 $324,300 $169,000 $155,300
2023 $2,264 $294,000 $163,400 $130,600
2022 $2,113 $260,900 $149,800 $111,100
2021 $1,941 $239,600 $131,400 $108,200
2020 $1,941 $239,600 $131,400 $108,200
2019 $1,753 $229,500 $131,400 $98,100
2018 $1,753 $216,400 $125,200 $91,200
2017 $1,753 $216,400 $125,200 $91,200
2016 $1,753 $216,400 $125,200 $91,200
2015 $1,674 $206,700 $120,500 $86,200
2014 $1,674 $206,700 $120,500 $86,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 1818297

Central Virginia Regional MLS

APN: 7777-64-8805