NOT LISTED FOR SALE

3057 Ridge Rd Unit 16 Chincoteague Island, VA 23336

Chincoteague Neighborhood

Estimated Value: $146,628 - $307,000

0.81 Acre
$294,085 Price per Acre
35,284 Sq Ft Lot

Last Sold July 31, 2020

Last sale price $105,000

Est. 127% increase in value since last sale

Current estimated payment $1,354/month

80 Days on Market

Highlights

  • Waterfront
  • 0.81 Acre Lot
  • No HOA

About This Lot

As of July 2020

Large .81 of an acre WATERFRONT lot on Chincoteague Island. Imagine the beautiful sunsets you will have the pleasure of viewing from your back yard. The Island is famous for it's sunset over Chincoteague Bay and you will have a front row seat, 365 days a year. Enjoy the geese, egrets and herons at play as nature abounds here. Property includes water frontage on Folley Creek. BRAND NEW 2 BR engineered septic system and a waterline are already installed! Old trailer on property is of no value and will be removed by the new owner.

Last Agent to Sell the Property

Shawn Jennings

COLDWELL BANKER HARBOUR REALTY License #0225077517 Listed on: 04/10/2020

COLDWELL BANKER HARBOUR REALTY

Last Buyer's Agent

Shawn Jennings

COLDWELL BANKER HARBOUR REALTY License #0225077517 Listed on: 04/10/2020

COLDWELL BANKER HARBOUR REALTY

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $528

Lot Details

  • 0.81 Acre Lot
  • Waterfront
  • Property fronts a highway

Schools

  • Chincoteague Elementary School
  • Chincoteague Combined Middle School
  • Chincoteague High School

Utilities

  • Septic Tank

Community Details

  • No Home Owners Association
  • Chincoteague Subdivision

Listing and Financial Details

  • Tax Lot 16
  • $110,000 per year additional tax assessments

Property Details

Property Type

Land

Est. Annual Taxes

$528

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 0.81
  • Lot Size: .81
  • Road Frontage Type: Highway
  • Water Body Name: Fowling Creek
  • Subdivision Name: Chincoteague
  • Directions: From bridge, stay straight onto Maddox Blvd. Turn right at the 2nd traffic light onto Chicken City Road. At the stop sign, continue straight across onto Ridge Road. Property is about 2 miles on the right. Look for sign.
  • Special Features: None

Interior Features

  • Possible Use: Residential

Exterior Features

  • Lot Features: .5-.9 acre +/-
  • Waterfront Features: Water Front, Waterfront
  • Waterfront: Yes
  • Other Structures: Other

Utilities

  • Sewer: Septic Tank
  • Utilities: Water Available

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: No

Schools

  • Elementary School: Chincoteague
  • High School: Chincoteague
  • Middle Or Junior School: Chincoteague Combined

Lot Info

  • Lot Size Sq Ft: 35283.6
  • Farm Land Area Units: Square Feet
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 528
  • Tax Book Number: 2002 02508
  • Tax Lot: 16
  • Tax Map Number: 30A1-A-16
  • Tax Other Annual Assessment Amount: 110000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2020
Closed on
Jul 23, 2020
Sold by
Korell Eugene F and Korell Wanda J
Bought by
Pony Express Properties Llc
Seller's Agent
Shawn Jennings
COLDWELL BANKER HARBOUR REALTY
Buyer's Agent
Shawn Jennings
COLDWELL BANKER HARBOUR REALTY
List Price
$135,000
Sold Price
$105,000
Premium/Discount to List
-$30,000
-22.22%
Current Estimated Value
$238,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,209
Avg. Annual Appreciation
17.84%

Purchase Details

Closed on
Jan 1, 2002
Bought by
Korell Eugene F and Korell Wanda J
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Pony Express Properties Llc $105,000 --
Korell Eugene F -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2020 07/31/20 Sold $105,000 -22.2% --
07/04/2020 07/04/20 Pending -- -- --
04/14/2020 04/14/20 For Sale $135,000 -- --
Source: Eastern Shore 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
2024 $421 $110,000 $106,000 $4,000
2023 $512 $110,000 $106,000 $4,000
2022 $512 $110,000 $106,000 $4,000
2021 $528 $110,000 $106,000 $4,000
2020 $528 $110,000 $106,000 $4,000
2019 $528 $110,000 $106,000 $4,000
2018 $528 $110,000 $106,000 $4,000
2017 $598 $122,000 $118,000 $4,000
2016 $598 $122,000 $118,000 $4,000
2015 $60 $122,000 $118,000 $4,000
2014 $598 $122,000 $118,000 $4,000
2013 -- $122,000 $118,000 $4,000
Source: Public Records

Agents Affiliated with this Home

  • Shawn Jennings

    Seller's Agent in 2020

    Shawn Jennings

    COLDWELL BANKER HARBOUR REALTY

    (757) 336-1999

    149 in this area

    252 Total Sales

    Shawn Jennings
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Map

Source: Eastern Shore Association of REALTORS®

MLS Number: 51519

APN: 030-A1-A0-00-0016-00

Virginia Accomack County Chincoteague Island 23336 Chincoteague

3057 Ridge Rd Unit 16, Chincoteague Island, VA

This home is located at 3057 Ridge Rd Unit 16, Chincoteague Island, VA 23336 since 10 April 2020 and is currently estimated at $238,209. 3057 Ridge Rd Unit 16 is a home located in Accomack County with nearby schools including Chincoteague Elementary School, Chincoteague High School, and Lighthouse Christian Academy.

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