NOT LISTED FOR SALE

267 Locust Point Ln Wake, VA 23176

Estimated Value: $742,611 - $866,000

3 Beds
2 Baths
1,570 Sq Ft
$500/Sq Ft Est. Value

Sale Details

Date Sold: October 7, 2022

Last sale price $665,000 $424 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $4,369 / mo

About This Home

This gorgeous Rappahannock River cottage is just what you have been looking for. Situated on .7 acres and 130 ft of waterfront on the mouth of Mill Creek you and your family will fall in love with the Million Dollar view and cozy home. Sold fully furnished, as is, opportunity - 3 car garage, riding lawnmower, 2 Kayaks, 2 SUP's, 2012 South Bay pontoon boat (negotiable and not included) on 10,000 lb boat lift with 200' dock. 280 sq ft porch has no HVAC. Plenty of storage, plenty of room for cars and friends to make new memories on the rivah! Views of Mill Creek, Rappahannock River and Chesapeake Bay. Act now - this oasis awaits you ! Public Boat landing just around the Point. Merrior just next creek over, Carters Creek, Urbanna, Windmill Point, Broad Creek and Hole-in-the-Wall all a short boat ride away. House comes with Sonos sound system and TV Sound system. New Roof installed fall 2021, additional Rip Rap 2019. Low operational costs - Taxes: $2484/yr. Chimneys on House and Garage have been removed. This view is to die for ! btw, moving to Key West is the reason for selling! Property is being sold as is. Home inspections are for informational purposes only.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2022
Closed on
Oct 3, 2022
Sold by
Mccormick Thomas A
Bought by
Mclister Dennis Stewart and Mclister Diane D
Seller's Agent
Paul Linegar
Boyd Realty Group
Buyer's Agent
Mindy Bandy
1st Class Real Estate Premier Homes
List Price
$710,000
Sold Price
$665,000
Premium/Discount to List
-$45,000
-6.34%
Views
15
Current Estimated Value
$784,903

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,903
Avg. Annual Appreciation
4.79%
Original Mortgage
$498,750
Outstanding Balance
$478,255
Interest Rate
5.55%
Mortgage Type
New Conventional
Estimated Equity
$306,648

Purchase Details

Closed on
Aug 8, 2006
Sold by
Faison Exr Gregory M
Bought by
Mccormick Thomas A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,000
Interest Rate
6.7%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Mclister Dennis Stewart $665,000 Chicago Title
Mccormick Thomas A $575,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mclister Dennis Stewart $498,750
Previous Owner Mccormick Thomas A $484,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/07/2022 10/07/22 Sold $665,000 +0.8% $424 / Sq Ft View Prior Sale
09/13/2022 09/13/22 Pending -- -- --
09/08/2022 09/08/22 Price Changed $659,900 -3.7% $420 / Sq Ft
07/08/2022 07/08/22 Price Changed $684,900 -3.5% $436 / Sq Ft
06/28/2022 06/28/22 For Sale $710,000 -- $452 / Sq Ft

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 $2,485 $407,300 $212,000 $195,300
2024 $2,485 $407,300 $212,000 $195,300
2023 $2,485 $407,300 $212,000 $195,300
2022 $2,485 $407,300 $212,000 $195,300
2021 $2,244 $362,000 $207,500 $154,500
2020 $2,244 $362,000 $207,500 $154,500
2019 $2,244 $362,000 $207,500 $154,500
2018 $2,027 $362,000 $207,500 $154,500
2017 $2,027 $362,000 $207,500 $154,500
2016 $1,663 $313,800 $156,000 $157,800
2015 -- $0 $0 $0
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

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