NOT LISTED FOR SALE

1508 Bayfront St Greenbackville, VA 23356

Estimated Value: $150,000 - $197,000

2 Beds
2 Baths
1,200 Sq Ft
$142/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $95,000 $79 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $932/month

347 Days on Market

Highlights

  • Water Views
  • Farmhouse Style Home
  • Enclosed Patio or Porch
  • Water Access
  • No HOA
  • Eat-In Kitchen

About This Home

As of October 2022

Yeah, so property needs work and investment but look at the LOCATION and existing value. Chincoteague bay and marina in sight and oh what a sight! Substantial value in new roof and upgraded septic system. Electrical inspection completed in August 2021. Outstanding rear yard with 200' depth from county tax map. Currently used for storage, not occupied and will be sold AS IS. So only question now is who gets the keys? Seller encourages all offers.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $140

Year Built

  • Built in 1920

Lot Details

  • 8,000 Sq Ft Lot
  • Lot Dimensions are 40 x 200

Parking

  • Garage

Home Design

  • Farmhouse Style Home
  • Fixer Upper
  • Asbestos
  • Plaster
  • Lead Paint Disclosure

Interior Spaces

  • 1,200 Sq Ft Home
  • 2-Story Property
  • Sheet Rock Walls or Ceilings
  • Dining Room
  • Water Views
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Range

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Windows
  • Storm Doors

Outdoor Features

  • Water Access
  • Enclosed Patio or Porch

Schools

  • Kegotank Elementary School
  • Arcadia Middle School
  • Arcadia High School

Utilities

  • No Cooling
  • Heating System Uses Oil
  • 100 Amp Service
  • Well
  • Gas Water Heater
  • Septic Tank
  • Satellite Dish

Community Details

  • No Home Owners Association
  • Greenbackville Subdivision

Listing and Financial Details

  • $46,800 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$140

Year Built

Built in 1920

Lot Details

8,000 Sq Ft Lot

Listing Details

  • Property Sub Type: Farm,Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1837
  • Lot Size: 40 x 200
  • Water Body Name: Chincoteague Bay
  • Subdivision Name: Greenbackville
  • Directions: Enter Greenbackville and proceed to Bayfront St near marina and restaurant. Clearly marked with sign and house number.
  • Architectural Style: Fixer Upper, Farmhouse
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1920
  • Kitchen Level: First
  • RoomBedroom1Level: Second
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Gas Water Heater, Range, Washer, Dryer, Refrigerator
  • Other Equipment: Satellite Dish
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Entry Location: -
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Living Area: 1200
  • Window Features: Storm Window(s)
  • Room Bedroom2 Level: Second
  • Dining Room Features: Eat-in Kitchen, Dining Room
  • Living Room Living Room Level: First
  • Dining Room Dining Room Level: First

Exterior Features

  • Lot Features: <.5 acre +/-
  • View: Water
  • View: Yes
  • Waterfront Features: Water Access-Public
  • Disclosures: Lead Paint Disclosure
  • Construction Type: Asbestos, Sheetrock, Plaster
  • Foundation Details: Crawl Space
  • Patio And Porch Features: Enclosed
  • Property Condition: Fixer, 50-100 yrs +/-
  • Roof: Asbestos Shingle, Age 0-9 yrs +/-

Garage/Parking

  • Attached Garage: No
  • Parking Features: Garage

Utilities

  • Laundry Features: Washer/Dryer Hookup
  • Cooling: None
  • Cooling Y N: No
  • Heating: Oil, Other
  • Heating Yn: Yes
  • Electric: Amps: 100
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: No

Schools

  • Elementary School: Kegotank
  • High School: Arcadia
  • Middle Or Junior School: Arcadia

Lot Info

  • Lot Size Sq Ft: 8000
  • Farm Land Area Units: Square Feet
  • Zoning Description: Residential
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 140
  • Tax Book Number: 2012 05088
  • Tax Lot: 0
  • Tax Map Number: 5B-A-97
  • Tax Other Annual Assessment Amount: 46800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2021
Closed on
Oct 7, 2022
Sold by
Parker Stephen S
Bought by
Palumbo Patrick W
List Price
$147,500
Sold Price
$95,000
Premium/Discount to List
-$52,500
-35.59%
Current Estimated Value
$170,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,873
Avg. Annual Appreciation
18.67%

Purchase Details

Closed on
Dec 18, 2012
Sold by
Parker Mitchell E and Parker Kathleen C
Bought by
Parker Stephen Scott

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
3.38%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Palumbo Patrick W $95,000 --
Parker Stephen Scott $40,000 Attorney Only
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Parker Stephen Scott $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2022 10/14/22 Sold $95,000 -35.6% $79 / Sq Ft
09/14/2022 09/14/22 Pending -- -- --
10/01/2021 10/01/21 For Sale $147,500 -- $123 / Sq Ft
Source: Eastern Shore Association of REALTORS®

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 $516 $93,900 $7,200 $86,700
2024 $469 $93,900 $7,200 $86,700
2023 $290 $46,800 $7,200 $39,600
2022 $290 $46,800 $7,200 $39,600
2021 $281 $44,200 $7,200 $37,000
2020 $281 $44,200 $7,200 $37,000
2019 $266 $41,900 $7,200 $34,700
2018 $266 $41,900 $7,200 $34,700
2017 $341 $53,700 $7,200 $46,500
2016 $341 $53,700 $7,200 $46,500
2015 $339 $56,100 $8,000 $48,100
2014 $339 $56,100 $8,000 $48,100
2013 -- $75,600 $8,000 $67,600
Source: Public Records

Map

Source: Eastern Shore Association of REALTORS®

MLS Number: 54680

APN: 005-B0-A0-00-0097-00

Virginia Accomack County Greenbackville 23356

1508 Bayfront St, Greenbackville, VA

Not Listed for Sale

Detached

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