J
Seller's Agent in 2020
Jessica Cutler
Melrose Plantation Real Estate
(804) 761-3234
39 Total Sales
183 Kathy Dr Lancaster, VA 22503
Estimated Value: $172,000 - $272,000
4
Beds
2
Baths
1,536
Sq Ft
$155/Sq Ft
Est. Value
Highlights
- Deck
- Eat-In Kitchen
- 1-Story Property
- Front Porch
- Level Lot
About This Home
As of March 2020This is a good home to live in with your family or let someone rent the next door of your duplex. If your goals include becoming financially independent, this is an investor's dream of rental income and wealth. When you purchase this duplex property for rental income potential @ $650 per side x 2 sides = $1,300 per month x 12 = $15,600 per year with low maintenance costs, insurance, and taxes. This investment should pay for itself quickly and provide a tax shelter for other income if the depreciation and deductions are still allowed for investment properties in the new tax laws. There are 2BR/1BA per side = 4BR/2BA per resident. Each side has it own heat pump, HVAC system individually controlled, central heat, and AC. This property just 1/2 mile from the Lancaster County Public Boat Landing and pier "Greenvale Creek Landing", and near the full-service Yankee Point Marina, and Greenvale Marina. You also can buy all 8 duplexes [address are 103 (& 105), 153 (& 155), 183 (& 185), 264 (& 266) Kathy Drive] for $550,000. These properties are THE REAL INVESTMENT!!!
Last Agent to Sell the Property
Melrose Plantation Real Estate License #0225232035 Listed on: 11/05/2019
Last Buyer's Agent
Non-Member Non-Member
Non MLS Member
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $752
Year Built
- Built in 2003
Lot Details
- 0.83 Acre Lot
- Level Lot
Home Design
- Duplex
- Shingle Roof
- Composition Roof
- Vinyl Siding
Interior Spaces
- 1,536 Sq Ft Home
- 1-Story Property
- Basement
- Crawl Space
Kitchen
- Eat-In Kitchen
- Laminate Countertops
Parking
- No Garage
- Driveway
- Paved Parking
Outdoor Features
- Deck
- Front Porch
Schools
- Lancaster Elementary And Middle School
- Lancaster High School
Utilities
- Shared Well
- Water Heater
- Septic Tank
Community Details
- 2 Units
- Gross Income $15,600
Listing and Financial Details
- Tax Lot 0.83
- Assessor Parcel Number 20J-1-15
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 21, 2022
Sold by
Billington Brett D and Billington Theresa E
Bought by
183-185 Kathy Dr Llc
Current Estimated Value
Purchase Details
Closed on
Oct 4, 2007
Sold by
Howard Howard Howard Howard and Howard Howard
Bought by
Ahari Mohammad E and Ahari Marissa V
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 183-185 Kathy Dr Llc | -- | None Listed On Document | |
| Ahari Mohammad E | $137,000 | -- |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/16/2020 03/16/20 | Sold | $107,500 | -23.2% | $70 / Sq Ft |
| 02/15/2020 02/15/20 | Pending | -- | -- | -- |
| 11/05/2019 11/05/19 | For Sale | $140,000 | -- | $91 / Sq Ft |
Source: Chesapeake Bay & Rivers Association of REALTORS®
Tax History Compared to Growth
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 | $1,117 | $203,000 | $8,000 | $195,000 |
| 2023 | $725 | $115,000 | $7,000 | $108,000 |
| 2022 | $725 | $115,000 | $7,000 | $108,000 |
| 2021 | $725 | $115,000 | $7,000 | $108,000 |
| 2020 | $725 | $115,000 | $7,000 | $108,000 |
| 2019 | $725 | $115,000 | $7,000 | $108,000 |
| 2018 | $752 | $127,400 | $15,000 | $112,400 |
| 2017 | $752 | $127,400 | $15,000 | $112,400 |
| 2016 | -- | $127,400 | $15,000 | $112,400 |
| 2014 | -- | $0 | $0 | $0 |
| 2013 | -- | $0 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jessica Cutler
-
Catherine Bennett
Seller Co-Listing Agent in 2020
Catherine Bennett
Melrose Plantation Real Estate
(804) 761-3234
56 Total Sales
-
N
Buyer's Agent in 2020
Non-Member Non-Member
Non MLS Member
Map
Source: Chesapeake Bay & Rivers Association of REALTORS®
MLS Number: 1935918
APN: 20J-1-15
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