NOT LISTED FOR SALE

224 Bailey Dr Louisa, VA 23093

Estimated Value: $297,000 - $399,000

3 Beds
2 Baths
1,280 Sq Ft
$269/Sq Ft Est. Value

Last Sold April 23, 2021

Last sale price $238,000 $186 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $1,936/month

9 Days on Market

Highlights

  • Water Views
  • Beach
  • Wood Burning Stove
  • Thomas Jefferson Elementary School Rated 10
  • Community Lake
  • Pond

About This Home

As of April 2021

Vacation everyday in this Lake Anna water access cottage located on the public side of the lake. Beautiful water views from the deck and within walking distance to the common area where you'll find your assigned boat slip #B9. This 3 bedroom, 2 full bath lake retreat offers an open floor plan with a vaulted beam ceiling. Family room, kitchen, two bedrooms and a full bath on the main level. Take the curved staircase down to the finished walkout basement where you'll find the living room/rec room area, a third bedroom and full bath. New flooring and paint throughout. Large back deck wraps around to the covered portion. Perfect for entertaining! 2 car carport and a 1 car detached garage/boat storage with concrete floor, a lean-to and has a new roof fall 2020. Washer and dryer convey! This retreat is the perfect place to call home or to use as your weekend getaway!

Last Agent to Sell the Property

Ashley Hoffman

LAKE ANNA ISLAND REALTY License #0225104962 Listed on: 03/10/2021

Last Buyer's Agent

NONMLSAGENT NONMLSAGENT

NONMLSOFFICE

Home Details

Home Type

  • Single Family

Year Built

  • 1982

Lot Details

  • 1.14 Acre Lot
  • Open Lot
  • Property is zoned R-2 Residential General

HOA Fees

  • $15 Monthly HOA Fees

Home Design

  • Concrete Block With Brick
  • Composition Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2-Story Property
  • Multiple Fireplaces
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Insulated Windows
  • Family Room
  • Water Views

Kitchen

  • Electric Range
  • Microwave

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms | 2 Main Level Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms
  • Primary bathroom on main floor

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Fireplace in Basement

Parking

  • 1 Car Detached Garage
  • 2 Carport Spaces
  • Front Facing Garage
  • Side Facing Garage
  • Gravel Driveway

Outdoor Features

  • Pond

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 15B 1 59

Community Details

Overview

  • Association fees include area maint, beach, dock
  • Community Lake

Amenities

  • Picnic Area

Recreation

  • Beach

Home Details

Home Type

Single Family

Year Built

1982

Lot Details

0

HOA Fees

$15 per month

Listing Details

  • Class: Residential
  • Property Type: Detached
  • Above Grade Finished Sq Ft: 640
  • Below Grade Total Sq Ft: 640
  • Design: Ranch
  • L V T Date: 03/17/2021
  • Parcel Number: 15B 1 59
  • Price Per Sq Ft: 185.94
  • Total Sq Ft: 1280
  • Type of Construction: On Site Built
  • Zoning: R-2 Residential General
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1982

Interior Features

  • Fireplace: One, Wood Stove, Wood Burning
  • Laundry: Dryer, Dryer Hookup, Washer, Washer Hookup
  • Basement Type: Finished, Inside Access, Outside Entrance, Walk Out
  • Room 1: Family Room, On Level: 1
  • Room 2: Kitchen, On Level: 1
  • Room 3: Master Bedroom, On Level: 1
  • Room 4: Bedroom, On Level: 1
  • Room 5: Full Bath, On Level: 1
  • Room 6: Family Room, On Level: Basement
  • Room 7: Bedroom, On Level: Basement
  • Room 8: Full Bath, On Level: Basement
  • Total Finished Sq Ft: 1280
  • Above Grade Finished Sq Ft: 640
  • Basement: Yes
  • Below Grade Finished Sq Ft: 640
  • Fireplace Location: Basement
  • Foundation: Concrete Block
  • Kitchen Appliances Feat: Electric Range, Microwave, Refrigerator
  • Kitchen Cabinets Counters: Oak Cabinets, Solid Surface Counter
  • Land Description: Open
  • Level: 2 Story
  • Primary Bathroom Main Level: Yes
  • Master Bedon Main Level: Yes
  • Bathrooms: 2
  • Below Grade Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Number Beds: 3
  • Number Beds Below Grade: 1
  • Number Beds Main Level: 2
  • Full Bathrooms: 2
  • Room Types: Bedroom, Family Room, Full Bath, Kitchen, Master Bedroom
  • Room Types Level1: Bedroom (L1), Family Room (L1), Full Bath (L1), Kitchen (L1), Master Bedroom (L1)
  • Room Types Level B: Bedroom (LB), Family Room (LB), Full Bath (LB)
  • Source of Sq Ft: Public Records

Exterior Features

  • Exterior: Vinyl
  • Number Of Acres: 1.14
  • Roof: Composition Shingle
  • Structure Deck Porch: Deck, Patio, Porch - Side
  • Structure Floors: Carpet, Ceramic Tile, Laminate
  • Structure Window Ceiling: Insulated Windows
  • View: Water View
  • Water Property: Pond / Lake

Garage/Parking

  • Garage: Yes
  • Number of Carport Spaces: 2
  • Driveway: Gravel
  • Garage Features: Carport, Detached, Faces Front, Faces Side
  • Number of Car Spaces: 1

Utilities

  • Cooling: Central Ac
  • Heating: Electric, Heat Pump
  • Sewer/Septic System: Septic Tank
  • Water: Individual Well

Condo/Co-op/Association

  • HOA/COA Amenities: Beach, Lake, Picnic Area
  • Association Fee: Hoa
  • Association Frequency: Annual
  • Association Includes: Area Maint, Beach, Dock
  • Association Fee: 175

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2021
Closed on
Apr 21, 2021
Sold by
Pross Pamela S
Bought by
Kaval Kenneth James and Kaval Amy Carole
Seller's Agent
Ashley Hoffman
LAKE ANNA ISLAND REALTY
Buyer's Agent
NONMLSAGENT NONMLSAGENT
NONMLSOFFICE
List Price
$249,000
Sold Price
$238,000
Premium/Discount to List
-$11,000
-4.42%
Current Estimated Value
$344,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$106,795
Avg. Annual Appreciation
8.12%
Original Mortgage
$189,000
Outstanding Balance
$170,413
Interest Rate
3.05%
Mortgage Type
New Conventional
Estimated Equity
$174,382

Purchase Details

Closed on
May 28, 2020
Sold by
Vesely Chesney C
Bought by
Pross Pamela S

Purchase Details

Closed on
Jul 6, 2016
Sold by
Wallace Micky C and Wallace Jenniffr
Bought by
Vesely Chesney C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,050
Interest Rate
3.6%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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

Date Buyer Sale Price Title Company
Kaval Kenneth James $238,000 Old Republic Natl Ttl Ins Co
Pross Pamela S $185,000 Chicago Title Insurance Co
Vesely Chesney C $165,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kaval Kenneth James $189,000
Previous Owner Vesely Chesney C $160,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2021 04/23/21 Sold $238,000 -4.4% $186 / Sq Ft
03/19/2021 03/19/21 Pending -- -- --
03/10/2021 03/10/21 For Sale $249,000 -- $195 / Sq Ft
Source: Charlottesville area 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
2025 $1,632 $231,200 $48,400 $182,800
2024 $1,632 $226,600 $44,800 $181,800
2023 $1,484 $216,900 $41,200 $175,700
2022 $1,470 $204,200 $35,200 $169,000
2021 $921 $184,100 $35,200 $148,900
2020 $1,068 $148,400 $35,200 $113,200
2019 $1,007 $139,800 $35,200 $104,600
2018 $935 $129,800 $35,200 $94,600
2017 $1,013 $127,500 $35,200 $92,300
2016 $1,013 $140,700 $35,200 $105,500
2015 $986 $137,000 $37,000 $100,000
2013 -- $133,400 $39,400 $94,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Charlottesville area Association of Realtors®

MLS Number: 614486

Charlottesville area Association of Realtors®

APN: 15B-1-59