2505 Red Bank Rd Gloucester, VA 23061
Petsworth Neighborhood
4
Beds
2
Baths
1,436
Sq Ft
0.42
Acres
Highlights
- Boathouse
- Home fronts navigable water
- River View
- Docks
- Deep Water Access
- Wood Burning Stove
About This Home
As of August 2024Idyllic Coastal Setting offers amazing sunsets, deep water boat anchorage on Poropotank River, a tributary of the York River. Water & marsh views with a wide variety of bird & marine life ranging from dolphins, herons, egrets, otters, eagles, ducks & much more! Wonderfully updated, this 4 bedroom, 2 bath River Cottage is move-in ready - just bring your flip flops, cocktail shaker & your favorite people. This is THE spot for fishing, river and creek crawling. Fabulous private Dock with covered boat slips, floating dock, 2 ladders & fishing rod holders, rip rap shoreline, canoe rack & killer Boathouse boasting remote controlled door & pulley system for your boat all make this the very best in river living! Plus, there's no flood insurance required here! Oodles of recent upgrades & updates so schedule your appointment to see this Coastal Gem before it's gone!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,680
Year Built
- Built in 1960
Lot Details
- 0.42 Acre Lot
- Home fronts navigable water
- River Front
- Property is zoned SC-1
Home Design
- Cottage
- Asphalt Shingled Roof
- Metal Roof
- Masonry Siding
Interior Spaces
- 1,436 Sq Ft Home
- 1-Story Property
- Bar
- Ceiling Fan
- 1 Fireplace
- Wood Burning Stove
- Entrance Foyer
- Sun or Florida Room
- Utility Closet
- River Views
- Crawl Space
- Scuttle Attic Hole
- Storm Doors
Kitchen
- Breakfast Area or Nook
- Electric Range
- Dishwasher
Flooring
- Laminate
- Concrete
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry on main level
- Dryer
- Washer
Parking
- Garage
- Garage Door Opener
- Driveway
Outdoor Features
- Deep Water Access
- Boathouse
- Docks
- Storage Shed
- Porch
Schools
- Bethel Elementary School
- Peasley Middle School
- Gloucester High School
Utilities
- Central Air
- Heat Pump System
- Baseboard Heating
- Heating System Uses Gas
- Well
- Electric Water Heater
- Septic System
- Cable TV Available
Community Details
- No Home Owners Association
- All Others Area 121 Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 31, 2024
Closed on
Aug 15, 2024
Sold by
Spence Burton Living Trust and Donna Keefe Living Trust
Bought by
Black James E
Seller's Agent
ReNaye Dame
Gloucester Realty Corporation
Buyer's Agent
Mintree Brown
Gloucester Realty Corporation
List Price
$538,000
Sold Price
$500,000
Premium/Discount to List
-$38,000
-7.06%
Total Days on Market
62
Views
95
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,977
Avg. Annual Appreciation
-1.46%
Similar Homes in Gloucester, VA
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $500,000 | Lafayette Title & Escrow Llc |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $200,000 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/20/2024 08/20/24 | Sold | $500,000 | -3.5% | $348 / Sq Ft |
| 08/01/2024 08/01/24 | Pending | -- | -- | -- |
| 06/25/2024 06/25/24 | Price Changed | $518,000 | -3.7% | $361 / Sq Ft |
| 05/31/2024 05/31/24 | For Sale | $538,000 | -- | $375 / Sq Ft |
Source: Real Estate Information Network (REIN)
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 | $859 | $294,700 | $127,680 | $167,020 |
| 2023 | $1,718 | $294,700 | $127,680 | $167,020 |
| 2022 | $1,775 | $244,890 | $136,080 | $108,810 |
| 2021 | $1,702 | $244,890 | $136,080 | $108,810 |
| 2020 | $1,702 | $244,890 | $136,080 | $108,810 |
| 2019 | $1,578 | $227,020 | $140,640 | $86,380 |
| 2017 | $1,578 | $227,020 | $140,640 | $86,380 |
| 2016 | $1,232 | $177,200 | $79,110 | $98,090 |
| 2015 | $1,205 | $249,800 | $128,000 | $121,800 |
| 2014 | $1,624 | $249,800 | $128,000 | $121,800 |
Source: Public Records
Agents Affiliated with this Home
-
ReNaye Dame
Seller's Agent in 2024
ReNaye Dame
Gloucester Realty Corporation
(804) 815-1400
69 in this area
381 Total Sales
-
Mintree Brown
M
Buyer's Agent in 2024
Mintree Brown
Gloucester Realty Corporation
(804) 832-5912
10 in this area
49 Total Sales
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10535849
APN: 24983
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