NOT LISTED FOR SALE

1547 Corrotoman Dr Lancaster, VA 22503

Estimated Value: $630,704

4 Beds
3 Baths
2,517 Sq Ft
$251/Sq Ft Est. Value

Last Sold May 15, 2017

Last sale price $375,000 $149 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $3,695/month

21 Days on Market

Highlights

  • Boathouse
  • Community Boat Facilities
  • River Front
  • Docks
  • Fitness Center
  • Outdoor Pool

About This Home

As of May 2017

Huge Waterfront views, DEEP water, & plenty of privacy in this unique Corrotoman River Cottage. This home is
perfectly situated on 1.23 private, naturally landscaped acres & boasts gorgeous views and excellent water
frontage. Out of the floodplain. 8'+ at the end of the dock MLW. Huge 42' boathouse, separate slips, floating
docks, & equipment for your own oyster operation! Cottage is well built with a separate guest apartment.
Apartment has two bedrooms, full kitchen, & large living room. Main cottage has full kitchen, 2 full baths, living
room w/fireplace on the 1st floor. 2nd floor consists of large living area w/fireplace, 2 bedrooms, full bath, and
walk-around covered porch over-looking the water. Outside is a sunny deck and a very spacious workshop that
could be easily converted into a Screened Porch or addt'l living space. Gentle wood walkway leads you to the
waterfront complete with pier and boathouse. Water, power, fish cleaning station, floating dock sections, hoists
for oyster operations, and outdoor shower on dock. Sandy bottom shoreline and deep water for large boats and
sailboats. Community pool, park, boat launch, small golf course, club house.

Last Agent to Sell the Property

Chris Riddick

Isabell K. Horsley Real Estate License #0225200584 Listed on: 03/23/2017

Last Buyer's Agent

Harold Friedhoff

Isabell K. Horsley Real Estate License #0225189254

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,330

Year Built

  • Built in 1972

Lot Details

  • 0.34 Acre Lot
  • River Front
  • Zoning described as R1

HOA Fees

  • $13 Monthly HOA Fees

Home Design

  • Cottage
  • Bungalow
  • Slab Foundation
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • 2,517 Sq Ft Home
  • 2-Story Property
  • Wainscoting
  • High Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Sliding Doors
  • Dining Area
  • Workshop
  • Laminate Countertops
  • Washer and Dryer Hookup

Flooring

  • Carpet
  • Linoleum
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom
  • 3 Full Bathrooms

Parking

  • Carport
  • No Garage
  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Outdoor Pool
  • River Access
  • Mooring
  • Boathouse
  • Docks
  • Dock Available
  • Balcony
  • Deck
  • Shed
  • Outbuilding
  • Breezeway
  • Wrap Around Porch

Schools

  • Lancaster Elementary And Middle School
  • Lancaster High School

Utilities

  • Window Unit Cooling System
  • Zoned Heating
  • Heating System Uses Wood
  • Shared Well
  • Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 20D-4-528

Community Details

Overview

  • Corrotoman By The Bay Subdivision

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Community Boat Facilities
  • Tennis Courts
  • Fitness Center
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,330

Year Built

Built in 1972

Lot Details

0

HOA Fees

$13 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1972
  • Property Attached Yn: No
  • Lot Size Acres: 0.3444
  • Water Body Name: Corrotoman
  • Ownership: Individuals
  • Subdivision Name: Corrotoman By The Bay
  • Architectural Style: Bungalow, Cottage, Two Story
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Carpet, Linoleum, Tile
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Door Features: Sliding Doors
  • Fireplace Features: Masonry, Wood Burning
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Bedroom on Main Level, Ceiling Fan(s), Dining Area, High Ceilings, Laminate Counters, Workshop, Paneling/Wainscoting
  • Living Area: 2517.0
  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Asphalt
  • Fencing: None
  • Lot Features: Waterfront
  • Pool Features: Pool, Community
  • Waterfront Features: Dock Access, Mooring, River Front, River Access, Waterfront
  • Waterfront: Yes
  • Construction Type: Block, Wood Siding
  • Exterior Features: Deck, Dock, Out Building(s), Porch, Storage, Shed, Breezeway, Paved Driveway
  • Foundation Details: Slab
  • Other Structures: Boat House, Shed(s), Outbuilding
  • Patio And Porch Features: Balcony, Enclosed, Wrap Around, Deck, Porch
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Carport, Driveway, No Garage, Off Street, Paved

Utilities

  • Heating: Electric, Wood, Zoned
  • Cooling: Window Unit(s)
  • Sewer: Septic Tank
  • Water Source: Community/Coop, Shared Well
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Boat Facilities, Common Grounds/Area, Clubhouse, Fitness, Home Owners Association, Pool, Tennis Court(s)
  • Association Fee: 160.0
  • Association Fee Frequency: Annually
  • Association: Yes

Fee Information

  • Association Fee Includes: Common Areas, Pool(s)

Schools

  • Middle Or Junior School: Lancaster

Lot Info

  • Parcel Number: 20D-4-528
  • Zoning Description: R1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 2330.0

MLS Schools

  • Elementary School: Lancaster
  • High School: Lancaster

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2017
Closed on
May 9, 2017
Sold by
The Estate Of Curt Bluefeld Jr
Bought by
Klaiber Nicholas R and Klaiber Allison P
Seller's Agent
Chris Riddick
Isabell K. Horsley Real Estate
Buyer's Agent
Harold Friedhoff
Isabell K. Horsley Real Estate
List Price
$409,000
Sold Price
$375,000
Premium/Discount to List
-$34,000
-8.31%
Current Estimated Value
$630,704

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,704
Avg. Annual Appreciation
6.15%
Original Mortgage
$300,000
Outstanding Balance
$253,611
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$362,926
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
Klaiber Nicholas R $375,000 Elite Title & Escrow
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Klaiber Nicholas R $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2017 05/15/17 Sold $375,000 -8.3% $149 / Sq Ft
04/15/2017 04/15/17 Pending -- -- --
03/24/2017 03/24/17 For Sale $409,000 -- $162 / 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 $3,259 $592,500 $100,000 $492,500
2023 $2,540 $403,200 $100,000 $303,200
2022 $2,315 $367,400 $100,000 $267,400
2021 $2,315 $367,400 $100,000 $267,400
2020 $2,315 $367,400 $100,000 $267,400
2019 $2,315 $367,400 $100,000 $267,400
2018 $2,546 $431,500 $184,000 $247,500
2017 $2,546 $431,500 $184,000 $247,500
2016 -- $431,500 $184,000 $247,500
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: 1710460

Chesapeake Bay & Rivers Association of REALTORS®

APN: 20D-4-528