NOT LISTED FOR SALE

12 Morewood Place Palmyra, VA 22963

Estimated Value: $342,000 - $416,000

4 Beds
2.5 Baths
1,803 Sq Ft
$209/Sq Ft Est. Value

Last Sold July 05, 2023

Last sale price $339,900 $189 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,343/month

9 Days on Market

Highlights

  • Beach
  • Clubhouse
  • Great Room
  • Community Lake
  • Main Floor Primary Bedroom
  • Granite Countertops

About This Home

As of July 2023

Welcome to 12 Morewood Place in the highly sought-after Lake Monticello community, just a short distance from the stunning Beach 4. This is the home you've been waiting for—a perfect blend of luxury, convenience, and lakeside living. Completed Feb 2022, this remarkable residence offers a gourmet kitchen that is a chef's dream, featuring top-of-the-line appliances, ample granite counter space, and abundant storage. LVP throughout the main living area. Relax and unwind in the luxurious first-floor master suite, complete with a spacious layout, a lavish en-suite bathroom, and a walk-in closet. Additional bedrooms and bathrooms provide ample space for guests, ensuring everyone feels right at home. Space to add a garage. But the true highlight of this property is its proximity to Beach 4. Imagine spending your days sunbathing, swimming, and enjoying a variety of water activities just steps away from your front door. Lake Monticello offers an array of amenities, including golf courses, tennis courts, a marina, and a clubhouse, providing endless opportunities for recreation and relaxation.

Last Agent to Sell the Property

Kerry Griggs

KELLER WILLIAMS ALLIANCE - CHARLOTTESVILLE License #0225231870 Listed on: 05/26/2023

KELLER WILLIAMS ALLIANCE - CHARLOTTESVILLE

Last Buyer's Agent

NONMLSAGENT NONMLSAGENT

NONMLSOFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,782

Year Built

  • Built in 2022

Lot Details

  • 0.34 Acre Lot
  • Cleared Lot
  • Property is zoned R-4 Residential

HOA Fees

  • $97 Monthly HOA Fees

Parking

  • Gravel Driveway

Home Design

  • Concrete Block With Brick
  • Vinyl Siding

Interior Spaces

  • 1,803 Sq Ft Home
  • 2-Story Property
  • Recessed Lighting
  • Low Emissivity Windows
  • Entrance Foyer
  • Great Room
  • Breakfast Room
  • Screened Porch
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Primary Bedroom on Main
  • Walk-In Closet
  • Bathroom on Main Level
  • Primary bathroom on main floor
  • Double Vanity

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Fiber Optics Available

Listing and Financial Details

  • Assessor Parcel Number 18A-12-105

Community Details

Overview

  • $855 HOA Transfer Fee
  • Lake Monticello Subdivision
  • Community Lake

Amenities

  • Clubhouse

Recreation

  • Beach
  • Tennis Courts
  • Baseball Field
  • Community Basketball Court
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,782

Year Built

Built in 2022

Lot Details

0

HOA Fees

$97 per month

Listing Details

  • Class: RESIDENTIAL
  • Property Type: Detached
  • Above Grade Finished Sq Ft: 1803
  • Design: Traditional
  • L V T Date: 05/25/2023
  • Parcel Number: 18A-12-105
  • Price Per Sq Ft: 188.52
  • Total Sq Ft: 1803
  • Type of Construction: On Site Built
  • Zoning: R-4 Residential
  • Subdivision: LAKE MONTICELLO
  • Comments: Yes
  • Concatenated Rooms1: |Foyer1|Great Room1|Kitchen1|Breakfast1|Master Bed1|Master BTH1|Half Bath1|Laundry1|Bedroom2|Bedroom2|Bedroom2|Full Bath2|
  • Structures Deck Porch: Porch - Front, Porch - Screened
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Laundry: Dryer Hookup, Washer Hookup
  • Basement Type: Crawl
  • Room 1: Foyer,On Level: 1
  • Room 2: Great Room,On Level: 1
  • Room 3: Kitchen,On Level: 1
  • Room 4: Breakfast Room,On Level: 1
  • Room 5: Master Bedroom,On Level: 1
  • Room 6: Master Bath,On Level: 1
  • Room 7: Half Bath,On Level: 1
  • Room 8: Laundry,On Level: 1
  • Room 9: Bedroom,On Level: 2
  • Room 10: Bedroom,On Level: 2
  • Room 11: Bedroom,On Level: 2
  • Room 12: Full Bath,On Level: 2
  • Total Finished Sq Ft: 1803
  • Above Grade Finished Sq Ft: 1803
  • Bathroom: Attach Mstr Bath
  • Foundation: Concrete Block
  • Kitchen Appliances Feat: Dishwasher, Electric Range, Island, Microwave, Pantry, Recessed Light, Refrigerator
  • Kitchen Cabinets Counters: Granite, Painted Cabinets
  • Land Description: Partly Cleared
  • Level: 2 Story
  • Primary Bathroom Main Level: Yes
  • Master Bedon Main Level: Yes
  • Bathrooms: 2.5
  • Number of Main Level Bathrooms: 1.5
  • Number Beds: 4
  • Number Beds Main Level: 1
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Room Types: Bedroom, Breakfast Room, Foyer, Full Bath, Great Room, Half Bath, Kitchen, Laundry, Master Bedroom, Eat-In Kitchen
  • Room Types Level1: Breakfast Room (L1), Foyer (L1), Great Room (L1), Half Bath (L1), Kitchen (L1), Laundry (L1), Master Bedroom (L1)
  • Room Types Level2: Bedroom (L2+), Full Bath (L2+)
  • Source of Sq Ft: Public Records

Exterior Features

  • Exterior: Vinyl
  • Number Of Acres: 0.34
  • Roof: Architectural Style
  • Structure Features: Dual Vanities, Walk-in Closet
  • Structure Floors: Carpet, Luxury Vinyl Plank
  • Structure Window Ceiling: 8' Ceilings, Low-E Windows, PVC Windows

Garage/Parking

  • Driveway Parking: Gravel

Utilities

  • Cooling: Central AC, Heat Pump
  • Heating: Heat Pump
  • Cable Available: Fiber-Optic
  • Sewer/Septic System: Public Sewer
  • Water: Public Water

Condo/Co-op/Association

  • HOA/COA Amenities: Baseball Field, Basketball Court, Beach, Clubhouse, Lake, Pool, Tennis
  • Association Setup Transfer Fee Type: $
  • Association Setup Transfer Fees: 855
  • Association Fee: HOA
  • Association Frequency: Annual
  • Association Fee: 1165

Schools

  • Elementary School: Central (Fluvanna)
  • Middle School: Fluvanna
  • High School: Fluvanna

Building Info

  • Year Built: 2022

Tax Info

  • Year: 2021
  • Taxes: 1782.5

MLS Schools

  • HighSchool: Fluvanna
  • Middle School: Fluvanna
  • Elementary School: Central (Fluvanna)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 13, 2024
Sold by
Serenity Properties Va Llc
Bought by
Water Life Properties Va Llc
Current Estimated Value
$376,215

Purchase Details

Closed on
Sep 30, 2023
Sold by
Russo Kevin and Russo Jennifer M
Bought by
Serenity Properties Va Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.78%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
May 26, 2023
Closed on
Jun 21, 2023
Sold by
Oliver Amy Carissa
Bought by
Russo Kevin
Seller's Agent
Kerry Griggs
KELLER WILLIAMS ALLIANCE - CHARLOTTESVILLE
Buyer's Agent
NONMLSAGENT NONMLSAGENT
NONMLSOFFICE
List Price
$359,900
Sold Price
$339,900
Premium/Discount to List
-$20,000
-5.56%
Views
266

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.65%
Original Mortgage
$200,000
Interest Rate
6.78%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 7, 2022
Sold by
Liberty Homes Va Inc
Bought by
Oliver Amy Carissa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,451
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 11, 2021
Closed on
Mar 23, 2021
Sold by
Scaturro Suzanne
Bought by
Liberty Homes Va Inc
Seller's Agent
Vicki Wilson
MONTICELLO COUNTRY REAL ESTATE, INC.
Buyer's Agent
Default Agent
Default Office
List Price
$41,000
Sold Price
$39,000
Premium/Discount to List
-$2,000
-4.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
67.25%
Source: Public Records

Range of Values:

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Average Value
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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
Water Life Properties Va Llc -- None Listed On Document
Serenity Properties Va Llc -- None Listed On Document
Russo Kevin $339,900 Chicago Title
Oliver Amy Carissa $313,835 Old Republic National Title
Liberty Homes Va Inc $39,000 Old Republic National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Russo Kevin $200,000
Previous Owner Oliver Amy Carissa $282,451
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/05/2023 07/05/23 Sold $339,900 0.0% $189 / Sq Ft
06/04/2023 06/04/23 Pending -- -- --
06/02/2023 06/02/23 Price Changed $339,900 -5.6% $189 / Sq Ft
05/26/2023 05/26/23 For Sale $359,900 +822.8% $200 / Sq Ft
04/05/2021 04/05/21 Sold $39,000 -4.9% --
03/06/2021 03/06/21 Pending -- -- --
02/11/2021 02/11/21 For Sale $41,000 -- --
Source: Charlottesville area Association of Realtors®

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 $2,357 $314,200 $30,000 $284,200
2024 $22 $258,800 $30,000 $228,800
2023 $2,184 $258,800 $30,000 $228,800
2022 $1,983 $221,000 $27,500 $193,500
2021 $1,783 $22,000 $22,000 $0
2020 $194 $22,000 $22,000 $0
2019 $204 $22,000 $22,000 $0
2018 $249 $27,500 $27,500 $0
2017 $242 $27,500 $27,500 $0
2016 $252 $27,500 $27,500 $0
2015 $242 $27,500 $27,500 $0
2014 $242 $27,500 $27,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Charlottesville area Association of Realtors®

MLS Number: 642042

Charlottesville area Association of Realtors®

APN: 18A-12-105