NOT LISTED FOR SALE

2023 Morattico Rd Lancaster, VA 22503

Estimated Value: $110,000 - $142,042

2 Beds
1 Bath
768 Sq Ft
$160/Sq Ft Est. Value

Last Sold October 11, 2023

Last sale price $104,975 $137 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $688/month

22 Days on Market

Highlights

  • Eat-In Kitchen
  • Carpet
  • 1-Story Property
  • Space Heater

About This Home

As of October 2023

Ideal Property For First Time Home Owners Or To Add To Your Rental Portfolio. Two Bedrooms, One Full Bath, 0.91 Acres.

Last Agent to Sell the Property

Herbert Reynolds

Apex Realty LLC License #0225058097 Listed on: 03/01/2023

Last Buyer's Agent

NON MLS USER MLS

NON MLS OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $440

Year Built

  • Built in 1999

Lot Details

  • 0.91 Acre Lot
  • Irregular Lot

Home Design

  • Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 768 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Eat-In Kitchen

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Unpaved Parking

Outdoor Features

  • Stoop

Schools

  • Lancaster Elementary And Middle School
  • Lancaster High School

Utilities

  • No Cooling
  • Space Heater
  • Heating System Uses Oil
  • Well
  • Water Heater
  • Septic Tank

Community Details

  • Morattico Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 6-35

Home Details

Home Type

Single Family

Est. Annual Taxes

$440

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1999
  • Property Attached Yn: No
  • Lot Size Acres: 0.91
  • Ownership: REO
  • Subdivision Name: Morattico
  • Architectural Style: Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: RealEstateOwned
  • Stories: 1

Interior Features

  • Flooring: Carpet, Vinyl
  • Basement: Crawl Space
  • Appliances: Dryer, Electric Water Heater, Refrigerator, Washer
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Bedroom on Main Level, Eat-in Kitchen
  • Living Area: 768.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Lot Features: Irregular Lot
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Drywall, Frame, Vinyl Siding
  • Exterior Features: Unpaved Driveway
  • Patio And Porch Features: Stoop
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Driveway, Unpaved

Utilities

  • Heating: Oil, Space Heater
  • Cooling: None
  • Sewer: Septic Tank
  • Water Source: Well
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling Y N: No
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Lancaster

Lot Info

  • Parcel Number: 6-35
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 440.0

MLS Schools

  • Elementary School: Lancaster
  • High School: Lancaster

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2023
Closed on
Oct 3, 2023
Sold by
Reverse Mortgage Solutions Inc
Bought by
Liming Michael
Seller's Agent
Herbert Reynolds
Apex Realty LLC
Buyer's Agent
NON MLS USER MLS
NON MLS OFFICE
List Price
$104,975
Sold Price
$104,975
Views
914
Current Estimated Value
$122,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,786
Avg. Annual Appreciation
8.10%

Purchase Details

Closed on
Dec 15, 2022
Sold by
Equity Trustees Llc
Bought by
Mortgage Assets Management Llc and Reverse Mortgage Solutions Inc
Source: Public Records

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
Liming Michael $104,975 None Listed On Document
Mortgage Assets Management Llc $66,357 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2023 10/11/23 Sold $104,975 0.0% $137 / Sq Ft
09/14/2023 09/14/23 Pending -- -- --
08/23/2023 08/23/23 For Sale $104,975 -- $137 / 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 -- $107,400 $12,000 $95,400
2023 $440 $69,800 $12,000 $57,800
2022 $440 $69,800 $12,000 $57,800
2021 $440 $69,800 $12,000 $57,800
2020 $440 $69,800 $12,000 $57,800
2019 $440 $69,800 $12,000 $57,800
2018 $422 $71,500 $15,000 $56,500
2017 $422 $71,500 $15,000 $56,500
2016 -- $71,500 $15,000 $56,500
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Herbert Reynolds

    Seller's Agent in 2023

    Herbert Reynolds

    Apex Realty LLC

    (804) 241-5153

    75 Total Sales

    Herbert Reynolds
    Section Image

  • N

    Buyer's Agent in 2023

    NON MLS USER MLS

    NON MLS OFFICE

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Map

Source: Central Virginia Regional MLS

MLS Number: 2320526

Central Virginia Regional MLS

APN: 6-35

Virginia Lancaster County Lancaster 22503

2023 Morattico Rd, Lancaster, VA

This home is located at 2023 Morattico Rd, Lancaster, VA 22503 since 01 March 2023 and is currently estimated at $122,761, approximately $159 per square foot. This property was built in 1999. 2023 Morattico 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.

Central Virginia Regional MLS All or a portion of th multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

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