$940,000
SOLD AUG 6, 2025

1692 Broken Island Rd Palmyra, VA 22963

3 Beds
4.5 Baths
7,122 Sq Ft
3.41 Acres

Recently Sold

$132 Per Sq Ft

4% Below List Price

24 Days on Market

Highlights

  • Tennis Courts
  • Partially Wooded Lot
  • Main Floor Bedroom
  • River Nearby
  • Wood Flooring
  • 3 Fireplaces

About This Home

As of August 2025

Magnificent custom built residence with over 7,100 sq.ft. of gracious living space. Located in Broken Island - one of Fluvanna's finest neighborhoods - with 60 acres common area, and long Rivanna River frontage with direct access to lush, scenic walking trails. This home is in excellent, move-in condition offering 4 bedrooms, 4.5 baths, including a delightful first floor master suite opening onto the exceptional spacious deck with lovely private views. Amazing Great Room opening to an updated kitchen with new stainless steel appliances. Plus the extraordinary Terrace Level offers a huge amount of additional living space with a family room, office, exercise room, wine cellar, hobby space and more, with access to outside patio. The owners have loved, beautifully maintained and improved this truly wonderful home. Priced well below county tax assessed value. Easy access to fishing / canoe on one of the most scenic spots on the Rivanna River! Easy to show - Don't miss it!,Granite Counter,Wood Cabinets,Fireplace in Great Room,Fireplace in Master Bedroom,Fireplace in Rec Room

Last Agent to Sell the Property

Will Faulconer

(434) 987-9455 JWFAULCONER@GMAIL.COM MCLEAN FAULCONER INC., REALTOR License #0225199928[3433] Listed on: 03/21/2025

Co-Listed By

Tim Michel

(434) 960-1124 tim.m.michel@gmail.com MCLEAN FAULCONER INC., REALTOR License #0225017453[1115]

Last Buyer's Agent

MATT KNEECE

(508) 439-9799 mattkneece@kw.com REAL BROKER, LLC License #0225245618[8771]

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,943

Year Built

  • Built in 2005

Lot Details

  • 3.41 Acre Lot
  • Landscaped
  • Partially Wooded Lot
  • Property is zoned A-1, Agricultural

HOA Fees

  • $8 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Block Foundation
  • Architectural Shingle Roof
  • HardiePlank Type

Interior Spaces

  • Property has 2 Levels
  • 3 Fireplaces
  • Fireplace With Glass Doors
  • Gas Fireplace

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • En-Suite Bathroom
  • 4.5 Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry
  • Basement Windows

Outdoor Features

  • River Nearby
  • Tennis Courts

Schools

  • Central Elementary School
  • Fluvanna Middle School
  • Fluvanna High School

Utilities

  • No Cooling
  • Heat Pump System
  • Heating System Powered By Owned Propane
  • Underground Utilities
  • Well
  • Septic Tank

Community Details

Overview

  • Association fees include common area maintenance, insurance
  • Broken Island Subdivision

Recreation

  • Jogging Path

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,943

Year Built

Built in 2005

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Building Total Sq Ft: 7826.00
  • New Construction: No
  • Story List: Main
  • Year Built: 2005
  • Remarks Public: Magnificent custom built residence with over 7,100 sq.ft. of gracious living space. Located in Broken Island - one of Fluvanna's finest neighborhoods - with 60 acres common area, and long Rivanna River frontage with direct access to lush, scenic walking trails. This home is in excellent, move-in condition offering 4 bedrooms, 4.5 baths, including a delightful first floor master suite opening onto the exceptional spacious deck with lovely private views. Amazing Great Room opening to an updated kitchen with new stainless steel appliances. Plus the extraordinary Terrace Level offers a huge amount of additional living space with a family room, office, exercise room, wine cellar, hobby space and more, with access to outside patio. The owners have loved, beautifully maintained and improved this truly wonderful home. Priced well below county tax assessed value. Easy access to fishing / canoe on one of the most scenic spots on the Rivanna River! Easy to show - Don't miss it!,Granite Counter,Wood Cabinets,Fireplace in Great Room,Fireplace in Master Bedroom,Fireplace in Rec Room
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dryer, Washer/Dryer Hookups Only, Washer
  • Flooring Type: Carpet, Ceramic Tile, Hardwood
  • Interior Amenities: Entry Level Bedroom, Primary Bath(s)
  • Fireplace Features: Gas/Propane, Fireplace - Glass Doors
  • Fireplaces Count: 3
  • Fireplace: Yes
  • Foundation Details: Brick/Mortar, Block
  • Levels Count: 2
  • Room List: Full Bath, Half Bath
  • Basement: Yes
  • Basement Type: Fully Finished, Full, Interior Access, Outside Entrance, Walkout Level, Windows
  • Living Area Units: Square Feet
  • Total Sq Ft: 7122
  • Living Area Sq Ft: 7122
  • Price Per Sq Ft: 203.97
  • Above Grade Finished Sq Ft: 4780
  • Below Grade Finished Sq Ft: 2342
  • Total Below Grade Sq Ft: 2342
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1692

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Hardiplank Type
  • Construction Completed: No
  • Exterior Features: Tennis Court(s)
  • Roof: Architectural Shingle
  • Water Body Type: River
  • Water Oriented: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Heat Pump(s)
  • Cooling: No
  • Electric Service: Underground
  • Heating Fuel: Propane - Owned
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Sewer/Septic System: Septic Exists
  • Water Source: Well
  • Internet Services: Fiber Optic

Condo/Co-op/Association

  • HOA Fees: 100.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • Condo Co-Op Fee: 50.00
  • Condo Co-Op Fee Frequency: One Time
  • HOA Condo Co-Op Amenities: Jog/Walk Path
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Insurance
  • HOA: Yes

Schools

  • School District: FLUVANNA COUNTY PUBLIC SCHOOLS
  • Elementary School: CENTRAL
  • Middle School: FLUVANNA
  • High School: FLUVANNA
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121140888891
  • School District Source: Listing Agent
  • Elementary School: CENTRAL
  • High School: FLUVANNA
  • Middle Or Junior School: FLUVANNA

Green Features

  • Green Sustainability: Conserving Materials/Methods
  • Green Water Conservation: Low-Flow Fixtures

Lot Info

  • Lot Features: Landscaping, Trees/Wooded, Partly Wooded
  • Lot Size Acres: 3.41
  • Zoning: A-1
  • Zoning Description: Agricultural

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 9943.16
  • Tax Year: 2025
  • Close Date: 08/06/2025

MLS Schools

  • School District Name: FLUVANNA COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 20, 2025
Sold by
Karr Kenneth R and Karr Cheryl A
Bought by
Howell James Odell and Howell April Mol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Outstanding Balance
$538,154
Interest Rate
6.83%
Mortgage Type
New Conventional
Estimated Equity
$427,268

Purchase Details

Closed on
Jun 6, 2005
Sold by
Gonsalves Robert
Bought by
Karr Kenneth R and Karr Cheryl A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,000
Interest Rate
5.82%
Mortgage Type
Credit Line Revolving
Source: Public Records

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 $940,000 Chicago Title
Warranty Deed $668,980 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $540,000 New Conventional
Previous Owner $136,000 Credit Line Revolving
Previous Owner $359,650 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/06/2025 08/06/25 Sold $940,000 -3.6% $132 / Sq Ft
04/14/2025 04/14/25 Pending -- -- --
03/21/2025 03/21/25 For Sale $975,000 -- $137 / Sq Ft
Source: Bright 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
2025 $8,836 $1,178,100 $56,300 $1,121,800
2024 $8,085 $957,900 $56,300 $901,600
2023 $8,085 $957,900 $56,300 $901,600
2022 $7,126 $819,100 $51,300 $767,800
2021 $7,126 $819,100 $51,300 $767,800
2020 $6,976 $754,200 $51,300 $702,900
2019 $6,976 $754,200 $51,300 $702,900
2018 $6,402 $705,800 $51,300 $654,500
2017 $6,402 $705,800 $51,300 $654,500
2016 $6,258 $682,400 $51,300 $631,100
2015 -- $682,400 $51,300 $631,100
2014 $5,765 $655,100 $51,300 $603,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 662186

Bright MLS

APN: 19-16-39