NOT LISTED FOR SALE

1950 Laurel Point Rd Lancaster, VA 22503

Estimated Value: $670,000 - $849,000

3 Beds
2.5 Baths
2,430 Sq Ft
$306/Sq Ft Est. Value

Last Sold December 04, 2019

Last sale price $390,000 $160 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $4,234/month

963 Days on Market

Highlights

  • Boat Dock
  • RV or Boat Parking
  • Wood Flooring
  • Home fronts a creek
  • Cape Cod Architecture
  • 3 Fireplaces

About This Home

As of December 2019

Situated on 2.71+/- acres, this waterfront Cape Cod home offers 2,430 square feet of living space, with 3 bedrooms and 2.5 baths, living room, dining room, family room, kitchen, morning room, full basement and screened porch. Additional features include updated baths, three fireplaces, hardwood floors, new laminate flooring in kitchen and family room, crown molding, detached storage shed and private pier with 3.5' MLW. Located in a desirable waterfront community just minutes to Kilmarnock, this well-built home should be on your list to see!

Last Agent to Sell the Property

Cathy Rowe

Shaheen Ruth Martin & Fonville Real Estate License #0225086321 Listed on: 03/15/2017

Last Buyer's Agent

Non-Member Non-Member

Non MLS Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,295

Year Built

  • Built in 1974

Lot Details

  • 2.71 Acre Lot
  • Home fronts a creek
  • Zoning described as R1

HOA Fees

  • $25 Monthly HOA Fees

Home Design

  • Cape Cod Architecture
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,430 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Bookcases
  • 3 Fireplaces
  • Wood Burning Fireplace
  • Gas Fireplace
  • Separate Formal Living Room
  • Screened Porch
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Storm Windows
  • Washer

Kitchen

  • Breakfast Area or Nook
  • Double Oven
  • Electric Cooktop
  • Dishwasher
  • Laminate Countertops
  • Disposal

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Parking

  • No Garage
  • Driveway
  • Paved Parking
  • RV or Boat Parking

Outdoor Features

  • Docks
  • Shed

Schools

  • Lancaster Elementary And Middle School
  • Lancaster High School

Utilities

  • Cooling Available
  • Zoned Heating
  • Heat Pump System
  • Shared Well
  • Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 22A-1-1; 22A-1-1A

Community Details

Overview

  • Laurel Point Subdivision

Amenities

  • Common Area

Recreation

  • Boat Dock
  • Community Boat Facilities

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,295

Year Built

Built in 1974

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1974
  • Property Attached Yn: No
  • Lot Size Acres: 2.71
  • Water Body Name: Corrotoman Riv
  • Ownership: Individuals
  • Subdivision Name: Laurel Point
  • Architectural Style: Cape Cod, Two Story
  • Garage Yn: No
  • New Construction: No
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • General Property Information Below Grade Unfinished Area: 1120.0
  • Special Features: None

Interior Features

  • Flooring: Ceramic Tile, Laminate, Wood
  • Basement: Full, Partially Finished
  • Appliances: Double Oven, Dishwasher, Electric Cooking, Electric Water Heater, Disposal, Refrigerator, Washer
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas, Wood Burning
  • Fireplaces: 3
  • Fireplace: Yes
  • Interior Amenities: Bookcases, Built-in Features, Bedroom on Main Level, Breakfast Area, Separate/Formal Dining Room, Laminate Counters, Walk-In Closet(s)
  • Living Area: 2430.0
  • Stories: 1
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition, Shingle
  • Fencing: None
  • Pool Features: None
  • Waterfront Features: Creek
  • Waterfront: Yes
  • Disclosures: Disclosure on File
  • Construction Type: Drywall, Frame, Wood Siding
  • Exterior Features: Dock, Porch, Storage, Shed, Paved Driveway
  • Other Structures: Shed(s), Storage
  • Patio And Porch Features: Screened, Side Porch, Porch
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Driveway, No Garage, Paved, Boat, RV Access/Parking

Utilities

  • Heating: Electric, Heat Pump, Zoned
  • Cooling: Electric, Heat Pump
  • Sewer: Septic Tank
  • Water Source: Community/Coop, Shared Well
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Boat Facilities, Common Grounds/Area, Dock, Home Owners Association
  • Association Fee: 300.0
  • Association Fee Frequency: Annually
  • Association: Yes

Fee Information

  • Association Fee Includes: Common Areas, Road Maintenance, Water Access

Schools

  • Middle Or Junior School: Lancaster

Lot Info

  • Parcel Number: 22A-1-1; 22A-1-1A
  • Zoning Description: R1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 2295.0

MLS Schools

  • Elementary School: Lancaster
  • High School: Lancaster

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2017
Closed on
Nov 26, 2019
Sold by
Luangkhot Vito and Luangkhot Viphavy C
Bought by
Gassie Robert Bingham and Hernandez Elaine Doris
Seller's Agent
Cathy Rowe
Shaheen Ruth Martin & Fonville Real Estate
Buyer's Agent
Non-Member Non-Member
Non MLS Member
List Price
$469,000
Sold Price
$390,000
Premium/Discount to List
-$79,000
-16.84%
Current Estimated Value
$743,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$353,648
Avg. Annual Appreciation
11.99%
Original Mortgage
$376,057
Outstanding Balance
$335,997
Interest Rate
3.75%
Mortgage Type
VA
Estimated Equity
$417,768

Purchase Details

Closed on
Oct 2, 2014
Sold by
Habit Lancaster Northumberland
Bought by
Redmon Jennifer L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
4.11%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Gassie Robert Bingham $390,000 Attorney
Redmon Jennifer L $137,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gassie Robert Bingham $376,057
Previous Owner Redmon Jennifer L $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2019 12/04/19 Sold $390,000 -16.8% $160 / Sq Ft
11/04/2019 11/04/19 Pending -- -- --
03/15/2017 03/15/17 For Sale $469,000 -- $193 / 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 $3,209 $583,400 $126,800 $456,600
2023 $2,286 $362,900 $116,800 $246,100
2022 $2,286 $362,900 $116,800 $246,100
2021 $2,286 $362,900 $116,800 $246,100
2020 $2,286 $362,900 $116,800 $246,100
2019 $2,286 $362,900 $116,800 $246,100
2018 $2,488 $421,700 $205,800 $215,900
2017 $2,488 $421,700 $205,800 $215,900
2016 -- $421,700 $205,800 $215,900
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Cathy Rowe

    Shaheen Ruth Martin & Fonville Real Estate

    (804) 436-2696

    54 Total Sales

    Cathy Rowe
    Section Image

  • N

    Buyer's Agent in 2019

    Non-Member Non-Member

    Non MLS Member

See All Agents

Map

Source: Chesapeake Bay & Rivers Association of REALTORS®

MLS Number: 1707912

Chesapeake Bay & Rivers Association of REALTORS®

APN: 22A-1-1

Virginia Lancaster County Lancaster 22503

1950 Laurel Point Rd, Lancaster, VA

This home is located at 1950 Laurel Point Rd, Lancaster, VA 22503 since 15 March 2017 and is currently estimated at $743,648, approximately $306 per square foot. This property was built in 1974. 1950 Laurel Point Rd is a home located in Lancaster County with nearby schools including Lancaster Primary School, Lancaster Middle School, and Lancaster High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Chesapeake Bay & Rivers Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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