NOT LISTED FOR SALE

103 Kathy Dr Lancaster, VA 22503

Estimated Value: $398,107

16 Beds
8 Baths
6,144 Sq Ft
$65/Sq Ft Est. Value

Sale Details

Date Sold: March 18, 2020

Last sale price $430,000 $70 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,284 / mo

503 Days on Market

Highlights

  • Deck
  • Eat-In Kitchen
  • 1-Story Property
  • No HOA
  • Cooling Available
  • Wall to Wall Carpet

About This Home

As of March 2020

If your goals include becoming financially independent, this is an investor's dream for rental income and wealth building when you purchase these four duplex properties as a whole package. With rent income potential @ $650 per side x 8 sides = $5,200 per month x 12 = $62,400 per year, & low maintenance costs, insurance, and taxes, this investment should pay for itself quickly and provide tax shelter for other income if the depreciation and deductions are still allowed for investment properties in the new tax laws. Four-year-old tax assessments total $506,400 (without appliances) resulting in a real estate tax for all four properties at just $2,735 per year-- that's for all four properties combined! There are 2BR/1BA per side = 4BR/2BA per residence x 4 = 16 Bedrooms and 8 baths! Each property has 1,536 sf x 4 properties = 6,144 of living space. Each side has it's own heat pump HVAC system for individually-controlled central heat and AC. These properties are just one-half mile from the Lancaster County public boat landing and pier "Greenvale Creek Landing", and near full-service Yankee Point Marina, and Greenvale Marina, and just 1/4 mile to a primary road and grocery shopping. These properties are a REAL INVESTMENT you control in your future financial independence. Details: 103 (& 105) Kathy Drive, TM 20J-1-17, 1.24AC, LR 2007 1869, Built 2003. 153 (& 155) Kathy Drive, TM 20J-1-16, 1.15AC, LR 2007 1871, Built 2003. 183 (& 185) Kathy Drive, TM 20J-1-15, 0.83AC, LR 2007 3239, Built 2003. 264 (& 266) Kathy Drive, TM 20J-1-9, 0.94AC, LR 2009 0465, Built 2001.

Last Agent to Sell the Property

Jessica Cutler

Melrose Plantation Real Estate License #0225232035 Listed on: 10/02/2018

Last Buyer's Agent

Outside R. E. Agent

Other Real Estate Firms

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,988

Year Built

  • Built in 2001

Lot Details

  • 4.16 Acre Lot
  • Zoning described as R1

Home Design

  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 6,144 Sq Ft Home
  • 1-Story Property
  • Sheet Rock Walls or Ceilings
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Range with Range Hood

Flooring

  • Wall to Wall Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Full Bathrooms

Parking

  • Driveway
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • Cooling Available
  • Heat Pump System
  • Shared Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Thomas Landing Estates Subdivision

Listing and Financial Details

  • Assessor Parcel Number 20J-1-9, 15-17

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,988

Year Built

Built in 2001

Lot Details

4.16 Acres

Listing Details

  • Property Sub Type: Non-Waterfront Residential
  • Prop. Type: Residential
  • Lot Size Acres: 4.16
  • Water Body Name: None
  • Subdivision Name: Thomas Landing Estates
  • Directions: From Richmond, Take I-95N. Take Exit 75 for 64E. Take Exit 192 to US360E. Follow to Tappahannock, follow to Route 3. Turn right onto Route 354 - River Road. Continue 7.8 miles, Turn right onto Thomas Landing Road. Turn right onto Kathy Drive. Properties are on the right at the end of the cul-de-sac and on the left.
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • Structure Type: Duplex
  • Year Built: 2001
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Range Hood, Refrigerator, Range
  • Has Basement: Crawl Space
  • Full Bathrooms: 8
  • Total Bedrooms: 16
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Wall to Wall Carpet, Vinyl
  • Interior Amenities: 1st Floor Bedroom
  • Living Area: 6144
  • Dining Room Features: Eat-in Kitchen

Exterior Features

  • Lot Features: 2-4.9 acres, 1-1.9 acres
  • Disclosures: Yes
  • Construction Type: Concrete, Block, Vinyl Siding, Sheetrock Walls
  • Other Structures: None
  • Patio And Porch Features: Deck
  • Roof: Composition, Age 10+ yrs

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: None, Paved Driveway

Utilities

  • Cooling: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Shared Well

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 181209.6
  • Pasture Area: 181209.6
  • Zoning Description: R1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 2988
  • Tax Book Number: 1869,1871,3239, 465
  • Tax Map Number: 20J-1-9, 15-17

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 21, 2022
Sold by
Bought by
Current Estimated Value
$398,107

Purchase Details

Listed on
Oct 2, 2018
Closed on
Mar 10, 2020
Sold by
Bought by
Seller's Agent
Jessica Cutler
Melrose Plantation Real Estate
Buyer's Agent
Outside R. E. Agent
Other Real Estate Firms
List Price
$430,000
Sold Price
$430,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.20%
Source: Public Records
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
$430,000 Attorney
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/18/2020 03/18/20 Sold $430,000 0.0% $70 / Sq Ft
02/17/2020 02/17/20 Pending -- -- --
10/02/2018 10/02/18 For Sale $430,000 -- $70 / Sq Ft
Source: Northern Neck Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,172 $213,100 $8,000 $205,100
2024 $1,172 $213,100 $8,000 $205,100
2023 $760 $120,600 $7,000 $113,600
2022 $760 $120,600 $7,000 $113,600
2021 $760 $120,600 $7,000 $113,600
2020 $760 $120,600 $7,000 $113,600
2019 $760 $120,600 $7,000 $113,600
2018 $749 $127,000 $15,000 $112,000
2017 $749 $127,000 $15,000 $112,000
2016 -- $127,000 $15,000 $112,000
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Neck Association of REALTORS®

MLS Number: 104022

APN: 20J-1-17

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