NOT LISTED FOR SALE

131 Yankee Point Rd Lancaster, VA 22503

Estimated Value: $743,000 - $1,029,000

3 Beds
2.5 Baths
2,531 Sq Ft
$371/Sq Ft Est. Value

Last Sold March 18, 2020

Last sale price $653,000 $258 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $5,726/month

228 Days on Market

Highlights

  • Docks
  • Boat Lift
  • Cape Cod Architecture
  • Boat Ramp
  • River Front
  • Deck

About This Home

As of March 2020

This stylish, yet comfortable Low Country Cape enjoys spectacular water views with an abundance of boating activities at the mouth of the Corrotoman & Rappahannock Rivers. Nestled on over 2.7 lushly landscaped acres, with Flower Garden this 3 Bedroom, 2 and 1 Half Bath Home features spacious Living Room with cozy fireplace and French door access to Screened Porch for relaxing & dining waterside. Light and bright River Room opens to Dining and Kitchen for ideal indoor to outdoor entertaining. Large Pantry and Mud Room with Laundry provide access to Two Car Garage with Workshop. Venture waterside to deep water Dock with 11'+/- MLW, 12,000 lb Boat Lift and Mooring Slip for the motor boaters & sailors. Whether you fancy a weekend getaway or retirement retreat, this Coastal Classic is the perfect fit! Come Explore the many gorgeous Waterways and celebrate the Bounty of the Chesapeake Bay!
Inviting You to Take a Vacation, Right At Home!

Last Agent to Sell the Property

Travis Powell

Shaheen Ruth Martin & Fonville Real Estate License #0225084368 Listed on: 07/03/2019

Last Buyer's Agent

Amy McLeod

NextHome Coast To Country Real Estate

NextHome Coast To Country Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,267

Year Built

  • Built in 1997

Lot Details

  • 2.78 Acre Lot
  • River Front
  • Partially Fenced Property
  • Decorative Fence
  • Zoning described as A2

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Cape Cod Architecture
  • Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,531 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Bookcases
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Screened Porch
  • Crawl Space

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • River Access
  • Mooring
  • Boat Lift
  • Boat Ramp
  • Docks
  • Dock Available
  • Deck
  • Patio

Schools

  • Lancaster Elementary And Middle School
  • Lancaster High School

Utilities

  • Zoned Heating and Cooling
  • Generator Hookup
  • Well
  • Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 26J-1-16

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,267

Year Built

Built in 1997

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1997
  • Property Attached Yn: No
  • Lot Size Acres: 2.78
  • Water Body Name: Corrotoman Rive
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Cape Cod
  • Garage Yn: Yes
  • Unit Levels: One and One Half
  • New Construction: No
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Basement: Crawl Space
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Oven, Refrigerator, Washer
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Masonry, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Bookcases, Built-in Features, Bedroom on Main Level
  • Living Area: 2531.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Decorative, Fenced, Partial
  • Lot Features: Waterfront
  • Pool Features: None
  • Waterfront Features: Dock Access, Mooring, River Front, River Access, Boat Ramp/Lift Access, Waterfront
  • Waterfront: Yes
  • Construction Type: Drywall, Frame, Vinyl Siding
  • Exterior Features: Boat Lift, Deck, Dock
  • Patio And Porch Features: Patio, Screened, Deck
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Garage Door Opener

Utilities

  • Heating: Electric, Zoned
  • Cooling: Zoned
  • Electric: Generator Hookup
  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Lancaster

Lot Info

  • Parcel Number: 26J-1-16
  • Zoning Description: A2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 3267.0
  • Tax Lot: 16

MLS Schools

  • Elementary School: Lancaster
  • High School: Lancaster

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 10, 2024
Sold by
Brown Donald Ray and Reese Sheri Kay
Bought by
Novak Robert K and Novak Melissa A
Current Estimated Value
$980,417

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$690,130
Outstanding Balance
$684,423
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$302,928

Purchase Details

Listed on
Jul 3, 2019
Closed on
Mar 6, 2020
Sold by
Armstrong Orin R and Armstrong Elizabeth J
Bought by
Brown Donald Ray and Reese Sheri Kay
Seller's Agent
Travis Powell
Shaheen Ruth Martin & Fonville Real Estate
Buyer's Agent
Amy McLeod
NextHome Coast To Country Real Estate
List Price
$799,500
Sold Price
$653,000
Premium/Discount to List
-$146,500
-18.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.96%
Original Mortgage
$510,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 22, 2013
Closed on
Dec 20, 2013
Sold by
Cater A J
Bought by
Armstrong Orin R
List Price
$705,000
Sold Price
$705,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.22%
Original Mortgage
$417,000
Interest Rate
4.15%
Mortgage Type
New Conventional
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
Novak Robert K $985,900 Fidelity National Title
Brown Donald Ray $653,000 Attorney
Armstrong Orin R $705,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Novak Robert K $690,130
Previous Owner Brown Donald Ray $510,000
Previous Owner Armstrong Orin R $75,000
Previous Owner Armstrong Orin R $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2020 03/18/20 Sold $653,000 -18.3% $258 / Sq Ft
02/17/2020 02/17/20 Pending -- -- --
07/03/2019 07/03/19 For Sale $799,500 +13.4% $316 / Sq Ft
12/24/2013 12/24/13 Sold $705,000 0.0% $279 / Sq Ft
12/10/2013 12/10/13 Pending -- -- --
02/22/2013 02/22/13 For Sale $705,000 -- $279 / Sq Ft
Source: Chesapeake Bay & Rivers 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
2024 $4,301 $782,000 $241,700 $540,300
2023 $3,394 $538,800 $226,700 $312,100
2022 $3,394 $538,800 $226,700 $312,100
2021 $3,394 $538,800 $226,700 $312,100
2020 $3,394 $538,800 $226,700 $312,100
2019 $3,394 $538,800 $226,700 $312,100
2018 $3,267 $553,700 $245,000 $308,700
2017 $3,267 $553,700 $245,000 $308,700
2016 -- $553,700 $245,000 $308,700
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chesapeake Bay & Rivers Association of REALTORS®

MLS Number: 1919345

Chesapeake Bay & Rivers Association of REALTORS®

APN: 26J-1-16