$246,583
SOLD SEP 18, 2024

1588 Holly Grove Dr Bumpass, VA 23024

3 Beds
2.5 Baths
1,998 Sq Ft
3.14 Acres

Recently Sold

$123 Per Sq Ft

18% Below List Price

63 Days on Market

Highlights

  • Deck
  • Front Porch
  • Accessibility Features
  • Jouett Elementary School Rated A-
  • Eat-In Kitchen
  • En-Suite Primary Bedroom

About This Home

As of May 2025

New Price! At this size, this is the LOWEST priced home in Louisa County! This lovely home, which boasts an owner’s bedroom with an en-suite bathroom, is situated on a little over 3 acres, giving you more than enough space to create your own outdoor oasis. Upon opening the front door, you’ll immediately enter the living room, which offers a built-in fireplace and a ceiling fan. The living room flows gracefully into the eat-in area, which is accented by a ceiling fan and chair-rail molding, and the kitchen. The kitchen features plenty of cabinets and counter-space, with a window at the kitchen sink that overlooks the rear yard and provides a welcome amount of natural lighting. French doors separate the eat-in area from the generously sized family room, which includes high ceilings, two ceiling fans, and a half bathroom. The family room is so spacious that you can easily use some of that space as an additional dining area or rec area. The utility room is at the rear of the home and includes a washer and direct access to the rear yard. This cozy, one-level home offers a front porch, where you can relax, unwind, and take in the beauty of this quiet haven that’s highlighted by mature trees, and a nice-sized deck. Want to add your own personal touches or upgrades to this home? No problem! You can purchase this home with a renovation loan, which will allow you to make updates to the home or even add onto it. HUD offers a special $100 down payment incentive to buyers obtaining an FHA loan, which helps buyers keep more of their cash at closing. HUD homes are sold as-is, with no guarantee or warranty by the Seller or Listing Broker.

Last Agent to Sell the Property

Scott McClaine

Lifelong Realty Inc License #0225062636 Listed on: 06/26/2024

Last Buyer's Agent

Chelsea Newcomb

Lake and Country Realty, LLC License #0225185811

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,956

Year Built

  • Built in 1998

Lot Details

  • 3.14 Acre Lot
  • Partially Fenced Property
  • Zoning described as A2

Parking

  • Off-Street Parking

Home Design

  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,998 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Fireplace Features Masonry
  • Carpet
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Stove
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Accessible Home Design

  • Accessibility Features

Outdoor Features

  • Deck
  • Front Porch

Schools

  • Jouett Elementary School
  • Louisa Middle School
  • Louisa High School

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Water Heater
  • Septic Tank

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 98-24-A2

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,956

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1998
  • Property Attached Yn: No
  • Lot Size Acres: 3.138
  • Ownership: REO
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 1998.0
  • Architectural Style: Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Owner
  • Property Sub Type Additional: Single Family Residence
  • Special Features: 5120
  • Stories: 1

Interior Features

  • Flooring: Carpet
  • Basement: Crawl Space
  • Appliances: Dishwasher, Electric Water Heater, Stove
  • Accessibility Features: Accessibility Features
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Bedroom on Main Level, Ceiling Fan(s), Eat-in Kitchen, Fireplace, Bath in Primary Bedroom, Main Level Primary, Built In Shower Chair
  • Living Area: 1998.0
  • Stories: 1
  • ResoLivingAreaSource: Owner

Exterior Features

  • Roof: Composition, Shingle
  • Fencing: Fenced, Partial
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Drywall, Frame, Vinyl Siding
  • Exterior Features: Deck, Porch
  • Patio And Porch Features: Front Porch, Deck, Porch
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Off Street

Utilities

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

Schools

  • Middle Or Junior School: Louisa

Lot Info

  • Parcel Number: 98-24-A2
  • Zoning Description: A2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 1956.24

MLS Schools

  • Elementary School: Jouett
  • High School: Louisa

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2025
Closed on
May 12, 2025
Sold by
Richnew Investments Llc
Bought by
Ingram Darlene Michelle and Fretwell Michael Carr
Seller's Agent
Chelsea Newcomb
Lake and Country Realty, LLC
Buyer's Agent
Gina Rogers
BHHS PenFed Realty
List Price
$417,700
Sold Price
$415,000
Premium/Discount to List
-$2,700
-0.65%
Views
254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.39%
Original Mortgage
$375,457
Outstanding Balance
$375,457
Interest Rate
6.65%
Mortgage Type
FHA
Estimated Equity
$38,328

Purchase Details

Listed on
Jun 26, 2024
Closed on
Sep 17, 2024
Sold by
Secretary Of Housing And Urban Developme
Bought by
Richnew Investments Llc
Seller's Agent
Scott McClaine
Lifelong Realty Inc
Buyer's Agent
Chelsea Newcomb
Lake and Country Realty, LLC
List Price
$302,000
Sold Price
$246,583
Premium/Discount to List
-$55,417
-18.35%
Views
198

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
122.75%

Purchase Details

Closed on
Oct 30, 2023
Sold by
Felker Charles Arthur and Felker Thomas John
Bought by
Secretary/Housing & Urban Dev

Purchase Details

Closed on
Jan 29, 2007
Sold by
Seay James D
Bought by
Felker Charles A and Felker Ann H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,492
Interest Rate
6.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $415,000 Louisa Title
Deed $415,000 Louisa Title
Deed $246,583 Lakeside Title
Deed In Lieu Of Foreclosure $164,254 Chicago Title
Bargain Sale Deed $229,550 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $375,457 FHA
Closed $375,457 FHA
Previous Owner $346,500 Credit Line Revolving
Previous Owner $34,492 Adjustable Rate Mortgage/ARM
Previous Owner $183,960 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2025 05/12/25 Sold $415,000 -0.6% $209 / Sq Ft
04/15/2025 04/15/25 Pending -- -- --
04/10/2025 04/10/25 For Sale $417,700 0.0% $210 / Sq Ft
04/04/2025 04/04/25 Pending -- -- --
03/01/2025 03/01/25 For Sale $417,700 0.0% $210 / Sq Ft
02/12/2025 02/12/25 Pending -- -- --
02/07/2025 02/07/25 Price Changed $417,700 -2.3% $210 / Sq Ft
01/18/2025 01/18/25 For Sale $427,700 +73.5% $215 / Sq Ft
09/18/2024 09/18/24 Sold $246,583 -9.3% $123 / Sq Ft
08/29/2024 08/29/24 Pending -- -- --
08/15/2024 08/15/24 Price Changed $271,800 -10.0% $136 / Sq Ft
06/26/2024 06/26/24 For Sale $302,000 -- $151 / Sq Ft
Source: Central Virginia Regional MLS

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 $2,205 $306,200 $51,200 $255,000
2023 $1,956 $286,000 $44,300 $241,700
2022 $1,814 $252,000 $41,500 $210,500
2021 $1,209 $235,100 $38,700 $196,400
2020 $1,585 $220,200 $38,700 $181,500
2019 $1,536 $213,400 $38,700 $174,700
2018 $1,472 $204,500 $38,700 $165,800
2017 $1,338 $191,700 $37,300 $154,400
2016 $1,338 $185,800 $37,300 $148,500
2015 $1,310 $181,900 $37,300 $144,600
2013 -- $174,100 $38,700 $135,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2416549

Central Virginia Regional MLS

APN: 98-24-A2