NOT LISTED FOR SALE

16381 Red Bank Ln Melfa, VA 23410

Estimated Value: $478,943 - $506,000

3 Beds
3 Baths
2,664 Sq Ft
$183/Sq Ft Est. Value

Last Sold May 15, 2023

Last sale price $450,000 $169 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,980/month

3 Days on Market

Highlights

  • Deeded Waterfront Access Rights
  • Bayside
  • Wood Flooring
  • Multiple Garages
  • Deck
  • 1 Fireplace

About This Home

As of May 2023

Beautiful Custom-Built Home! You'll love this 3 bedroom, 3 bath ranch style home which is situated on 3 acres in the private waterfront community of Red Bank. This home features an elegant foyer with palladium windows, a spacious living room w/fireplace, hardwood floors, formal dining room, cathedral ceilings, kitchen w/ Viking oven & grill, granite countertops, office, sunroom and laundry room. There are 2 primary bedroom suites with private baths, 1 with an oversized whirlpool tub. The home has an attached two car garage along with a 32' x 28' shop. One garage bay has central air and heat. There is also a 16' x 20' tool shed with a large, attached dog pen & 6' chain link fencing. Owners have the use of the waterfront community common areas that include parking, picnic area & private pier

Last Listed By

Meghan Oliver Clarkson

LONG & FOSTER CHINCOTEAGUE License #0225085807 Listed on: 04/03/2023

LONG & FOSTER CHINCOTEAGUE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,918

Year Built

  • Built in 1995

Lot Details

  • 3

HOA Fees

  • $27 Monthly HOA Fees

Home Design

  • Block Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,664 Sq Ft Home
  • 1-Story Property
  • Sheet Rock Walls or Ceilings
  • Ceiling Fan
  • 1 Fireplace
  • Dining Room
  • Crawl Space

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Garage
  • Multiple Garages
  • Open Parking

Outdoor Features

  • Deeded Waterfront Access Rights
  • Deck
  • Separate Outdoor Workshop

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Irrigation Water Rights
  • Well
  • Electric Water Heater
  • Septic Tank

Additional Features

  • 3 Acre Lot
  • Bayside

Community Details

  • Red Bank Association
  • Red Bank Subdivision

Listing and Financial Details

  • Tax Lot 29
  • $322,300 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,918

Year Built

Built in 1995

Lot Details

0

HOA Fees

$27 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 3
  • Lot Size: 3.0
  • Water Body Name: Pungoteague
  • Subdivision Name: Red Bank
  • Directions: From route 13 take Market Street (Route 179)1.5 miles, turn left onto Hill Street. Drive approximately 1.2 miles and take a left on Savageville Road. Drive approximately 3.1 miles to Red Bank Lane. Turn left onto Red Bank Lane and drive .8 miles. The home will be on your right.
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1995
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Water Heater, Range, Microwave, Dishwasher, Refrigerator, Range Hood, Washer, Dryer
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Entry Location: -
  • Fireplace Features: One Fireplace
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Hardwood
  • Interior Amenities: 1st Floor Bedroom, Dining Room
  • Living Area: 2664
  • Dining Room Features: Dining Room

Exterior Features

  • Lot Features: 2-4.9 acres +/-
  • Waterfront Features: Deed Water Rights, Water Access-Private, Moderate Depth, Bayside, Deeded Access
  • Disclosures: HOA Disclosure
  • Construction Type: Vinyl Siding, Sheetrock
  • Foundation Details: Crawl Space, Block
  • Other Structures: Workshop, Tool House
  • Patio And Porch Features: Deck
  • Property Condition: 15-30 yrs +/-
  • Roof: Composition

Garage/Parking

  • Attached Garage: Yes
  • Open Parking: Yes
  • Parking Features: Garage, Multi- Car, Attached, Detached, Paved

Utilities

  • Laundry Features: Washer/Dryer Hookup
  • Cooling: Heat Pump, Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Heat Pump, Forced Air, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Association Fee: 325
  • Association Fee Frequency: Annually
  • Association Name: Red Bank
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 130680
  • Farm Land Area Units: Square Feet
  • Irrigation Water Rights: Yes
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1918
  • Tax Book Number: 2000 05050
  • Tax Lot: 29
  • Tax Map Number: 91-11-29
  • Tax Other Annual Assessment Amount: 322300

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2023
Closed on
May 15, 2023
Sold by
Peter John G
Bought by
Reynik Christopher D and Reynik Christopher D Special N
Seller's Agent
Meghan Oliver Clarkson
LONG & FOSTER CHINCOTEAGUE
Buyer's Agent
Catherine D. Stinson
Weichert, Realtors Mason - Davis
List Price
$415,000
Sold Price
$450,000
Premium/Discount to List
$35,000
8.43%
Total Days on Market
3
Views
40
Current Estimated Value
$504,208

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,208
Avg. Annual Appreciation
4.01%

Purchase Details

Listed on
Dec 11, 2019
Closed on
Nov 13, 2020
Sold by
Chiang Chih H and Chiang Sherry F
Bought by
Peter Gerry J
Seller's Agent
James Reuben Reynolds, Sr
DOCKSIDE PROPERTIES
Buyer's Agent
James Reuben Reynolds, Sr
DOCKSIDE PROPERTIES
List Price
$374,000
Sold Price
$374,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.78%
Original Mortgage
$224,400
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2009
Sold by
Chiang John K M
Bought by
Chiang Chih H and Chiang Sherry F

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
Reynik Christopher D $450,000 --
Peter Gerry J $374,000 Old Republic Nat L Title Ins
Chiang Chih H $240,000 Other
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Peter Gerry J $224,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2023 05/15/23 Sold $450,000 +8.4% $169 / Sq Ft
04/08/2023 04/08/23 Pending -- -- --
04/04/2023 04/04/23 For Sale $415,000 +11.0% $156 / Sq Ft
11/24/2020 11/24/20 Sold $374,000 0.0% $136 / Sq Ft
11/24/2020 11/24/20 Pending -- -- --
12/11/2019 12/11/19 For Sale $374,000 0.0% $136 / Sq Ft
10/31/2018 10/31/18 Rented $1,500 0.0% --
10/30/2018 10/30/18 Under Contract -- -- --
09/10/2018 09/10/18 For Rent $1,500 +7.1% --
12/08/2017 12/08/17 Rented $1,400 0.0% --
11/08/2017 11/08/17 Under Contract -- -- --
07/23/2017 07/23/17 For Rent $1,400 -- --
Source: Eastern Shore 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 $1,897 $392,000 $35,500 $356,500
2023 $1,918 $322,300 $33,500 $288,800
2022 $1,918 $322,300 $33,500 $288,800
2021 $1,732 $284,000 $33,500 $250,500
2020 $1,732 $284,000 $33,500 $250,500
2019 $1,627 $266,800 $33,500 $233,300
2018 $1,627 $266,800 $33,500 $233,300
2017 $1,660 $272,100 $33,500 $238,600
2016 $1,660 $272,100 $33,500 $238,600
2015 $1,609 $277,400 $33,500 $243,900
2014 $1,609 $277,400 $33,500 $243,900
2013 -- $283,900 $33,500 $250,400
Source: Public Records

Agents Affiliated with this Home

  • Meghan Oliver Clarkson

    Seller's Agent in 2023

    Meghan Oliver Clarkson

    LONG & FOSTER CHINCOTEAGUE

    (757) 894-0798

    717 Total Sales

    Meghan Oliver Clarkson
    Section Image

  • C

    Buyer's Agent in 2023

    Catherine D. Stinson

    Weichert, Realtors Mason - Davis

    (757) 288-4144

    24 Total Sales

    Catherine D. Stinson
    Section Image
  • Nancy James

    Buyer's Agent in 2017

    Nancy James

    Weichert, Realtors Mason - Davis

    (757) 787-1048

    49 Total Sales

    Nancy James
    Section Image
See All Agents

Map

Source: Eastern Shore Association of REALTORS®

MLS Number: 57424

APN: 091-00-11-00-0029-00

Virginia Accomack County Melfa 23410

16381 Red Bank Ln, Melfa, VA

Homes for Sale in Melfa, VA

This home is located at 16381 Red Bank Ln, Melfa, VA 23410 since 03 April 2023 and is currently estimated at $486,236, approximately $182 per square foot. This property was built in 1995. 16381 Red Bank Ln is a home located in Accomack County with nearby schools including Pungoteague Elementary School, Nandua Middle School, and Nandua High School.

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