NOT LISTED FOR SALE

216 Cornwallis Ave Locust Grove, VA 22508

Estimated Value: $695,000 - $839,000

3 Beds
3 Baths
2,288 Sq Ft
$337/Sq Ft Est. Value

Last Sold June 23, 2022

Last sale price $740,000 $323 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,457/month

14 Days on Market

Highlights

  • 73 Feet of Waterfront
  • 1 Boat Dock
  • Golf Course Community
  • Boat Ramp
  • Beach
  • Community Stables

About This Home

As of June 2022

Charming Raised Rambler on a SPECTACULAR waterfront lot in Lake of the Woods! With 74’ of wide-water views, waterfront properties with this exceptional setting rarely come available. This 3 Bedroom, 3 full-bath home has over 2,100 finished sq ft. The Great Room has a vaulted ceiling and includes the Kitchen, Living and Dining areas and see the lake everywhere you look. The living area opens to a large, covered porch, perfect for enjoying “Lake-Life Living”. The upper level also includes a spacious Primary Bedroom suite (25’ x 14’), and the second bedroom and full bath with large shower/tub combination.
The lower level has a recreation room featuring a Tiki Bar, perfect for entertaining family & friends, the third Bedroom and Bath and a storage/laundry area. Double sliding doors open to a covered patio area. The property has a center slip dock, with maintenance-free, composite wood decking and solar powered boat lift.
All of this in amenity rich Lake of the Woods; with so much to do, so little time-so get this Lake-life started. Enjoy the two Lakes and the many water sports possible such as fishing, boating, jet-skiing, tubing, water skiing or wakeboarding, paddleboards or kayaks. Enjoy fine dining at the clubhouse or a beverage watching sporting event at the Clubhouse Sports Bar or the Woods Center. Jump in one of two Swimming pools or work out in the Fitness Center. If you like rackets -join the Pickleball or Tennis Clubs. If Theater is your thing, enjoy the LOW Players performances at the Community Center, or better yet, discover your acting talents by auditioning. Hit the fairways at the 18 Hole PGA Golf Course and enjoy the 19th Hole at the Woods Center. There is even an equestrian Center! Lake of the Woods, “Virginia’s Best-Kept Secret” is the premier Lake Community- Get Started Now-Make this Place Your Home!

Last Agent to Sell the Property

Charles Ostlund

(540) 903-7796 charlieostlund@hotmail.com Samson Properties Listed on: 05/09/2022

Samson Properties

Last Buyer's Agent

DAVID Macpherson

(703) 347-5281 david@licatagroup.com EXP Realty, LLC License #0225246584

EXP Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,431

Year Built

  • Built in 1975

Lot Details

  • 0.38 Acre Lot
  • 73 Feet of Waterfront
  • Home fronts navigable water
  • Landscaped
  • Property is in very good condition
  • Property is zoned R3

HOA Fees

  • $154 Monthly HOA Fees

Home Design

  • Raised Ranch Architecture
  • Block Foundation
  • Asphalt Roof
  • Wood Siding

Interior Spaces

  • Property has 2 Levels
  • Open Floorplan
  • Vaulted Ceiling
  • Double Hung Windows
  • Sliding Doors
  • Family Room Off Kitchen
  • Water Views
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • En-Suite Bathroom

Improved Basement

  • Heated Basement
  • Walk-Out Basement
  • Connecting Stairway
  • Rear Basement Entry
  • Basement Windows

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Water Access
  • Property is near a lake
  • Bulkhead
  • 1 Boat Dock
  • Private Dock Site
  • Dock made with Composite Material
  • 3 Powered Boats Permitted
  • 3 Non-Powered Boats Permitted
  • Lake Privileges
  • Deck
  • Patio
  • Shed

Schools

  • Locust Grove Elementary And Middle School
  • Orange High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 53
  • Assessor Parcel Number 012A0000800530

Community Details

Overview

  • Association fees include common area maintenance, management, reserve funds, road maintenance, snow removal, insurance, pool(s)
  • Lowa HOA
  • Lake Of The Woods Community
  • Lake Of The Woods Subdivision
  • Community Lake

Amenities

  • Picnic Area
  • Common Area
  • Clubhouse
  • Community Center
  • Meeting Room
  • Party Room

Recreation

  • Boat Ramp
  • Pier or Dock
  • Beach
  • Golf Course Community
  • Tennis Courts
  • Baseball Field
  • Soccer Field
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Community Pool
  • Community Stables
  • Horse Trails
  • Jogging Path

Security

  • 24-Hour Security
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,431

Year Built

Built in 1975

Lot Details

0

HOA Fees

$154 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Raised Ranch/Rambler
  • Ownership: Fee Simple
  • Exclusions: Washer and Dryer
  • Historic: No
  • New Construction: No
  • Story List: Lower 1, Main
  • Expected On Market: 2022-05-09
  • Year Built: 1975
  • Automatically Close On Close Date: No
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Disposal, Oven/Range - Electric, Refrigerator, Water Heater
  • Flooring Type: Carpet, Laminated, Vinyl
  • Interior Amenities: Family Room Off Kitchen, Combination Kitchen/Dining, Combination Kitchen/Living, Kitchen - Table Space, Primary Bath(s), Floor Plan - Open, Floor Plan - Traditional
  • Window Features: Double Hung
  • Fireplace: No
  • Door Features: Sliding Glass
  • Wall Ceiling Types: Vaulted Ceilings
  • Foundation Details: Block
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Rear Entrance, Connecting Stairway, Daylight, Partial, Heated, Improved, Walkout Level, Windows
  • Total Sq Ft: 2288
  • Living Area Sq Ft: 2288
  • Price Per Sq Ft: 698.43
  • Above Grade Finished Sq Ft: 1144
  • Below Grade Finished Sq Ft: 1144
  • Total Below Grade Sq Ft: 1144
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 2
  • All Lower Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Wood Siding, Concrete
  • Roof: Asphalt
  • View: Water
  • Water Access: Yes
  • Water Body Name: MAIN LAKE
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes
  • Water Frontage In Feet: 73

Garage/Parking

  • Garage: No
  • Parking Features: Asphalt Driveway
  • Type Of Parking: Off Street, Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Security: 24 Hour Security, Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 1846.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Baseball Field, Basketball Courts, Beach, Boat Ramp, Club House, Common Grounds, Community Center, Exercise Room, Fitness Center, Gated Community, Golf Course, Horse Trails, Jog/Walk Path, Lake, Meeting Room, Party Room, Picnic Area, Pier/Dock, Pool - Outdoor, Riding/Stables, Security, Soccer Field, Swimming Pool, Tennis Courts, Tot Lots/Playground, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Reserve Funds, Road Maintenance, Snow Removal, Insurance, Pool(s)
  • HOA Name: LOWA
  • HOA: Yes
  • Senior Community: No

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: LOCUST GROVE
  • High School: ORANGE
  • Middle Or Junior School: LOCUST GROVE

Lot Info

  • Lot Features: Bulkheaded, Landscaping
  • Lot Size Acres: 0.38
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 16738.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Property Condition: Very Good
  • Zoning: R3
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3430.67
  • Assessor Parcel Number: 012A0000800530
  • Tax Lot: 53
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

Multi Family

  • Waterfront Features: Private Dock Site

MLS Schools

  • School District Name: ORANGE COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2022
Closed on
Jun 15, 2022
Sold by
Jones Matthew T
Bought by
Valentine David and Valentine Donna
Seller's Agent
Charles Ostlund
Samson Properties
Buyer's Agent
DAVID Macpherson
EXP Realty, LLC
List Price
$849,000
Sold Price
$740,000
Premium/Discount to List
-$109,000
-12.84%
Current Estimated Value
$771,607

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,607
Avg. Annual Appreciation
1.18%
Original Mortgage
$370,000
Outstanding Balance
$351,147
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$420,460

Purchase Details

Listed on
May 1, 2018
Closed on
Jun 14, 2018
Sold by
Benton Walter T and Benton Suzanne M
Bought by
Jones Matthew T and Jones Maggy V
Seller's Agent
Sean Jones
Samson Properties
Buyer's Agent
Charles Ostlund
Samson Properties
List Price
$489,000
Sold Price
$489,700
Premium/Discount to List
$700
0.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.82%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Valentine David $740,000 None Listed On Document
Jones Matthew T $489,700 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Valentine David $370,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/23/2022 06/23/22 Sold $740,000 -7.4% $323 / Sq Ft
05/24/2022 05/24/22 Pending -- -- --
05/19/2022 05/19/22 Price Changed $799,000 -5.9% $349 / Sq Ft
05/09/2022 05/09/22 For Sale $849,000 +73.4% $371 / Sq Ft
06/15/2018 06/15/18 Sold $489,700 +0.1% $214 / Sq Ft View Prior Sale
05/03/2018 05/03/18 Pending -- -- --
05/01/2018 05/01/18 For Sale $489,000 -- $214 / 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 $3,697 $469,600 $310,000 $159,600
2024 $3,697 $469,600 $310,000 $159,600
2023 $3,697 $469,600 $310,000 $159,600
2022 $3,697 $469,600 $310,000 $159,600
2021 $3,549 $492,900 $310,000 $182,900
2020 $3,549 $492,900 $310,000 $182,900
2019 $3,431 $426,700 $260,000 $166,700
2018 $3,431 $426,700 $260,000 $166,700
2017 $3,431 $426,700 $260,000 $166,700
2016 $3,431 $426,700 $260,000 $166,700
2015 $2,933 $407,600 $260,000 $147,600
2014 $2,933 $407,300 $260,000 $147,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: VAOR2002510

Bright MLS

APN: 012-A0-00-08-0053-0