NOT LISTED FOR SALE

340 Smith Ln Lancaster, VA 22503

Estimated Value: $783,000 - $889,000

5 Beds
3 Baths
2,510 Sq Ft
$327/Sq Ft Est. Value

Last Sold May 16, 2022

Last sale price $786,000 $313 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,075/month

10 Days on Market

Highlights

  • Beach Front
  • Guest House
  • Boat Lift
  • Docks
  • Boat Ramp
  • Horses Allowed On Property

About This Home

As of May 2022

Welcome to your private waterfront oasis! Sited on just over 2 acres, this amazing property includes a 1064 sq. ft. (not included in main house sq. ft.), guest house, complete with 2 bedrooms, (for a total of 5), eat-in kitchen and family room. The main house is just over 2500 sq. ft. and is bright and open, with beautiful water views from almost every room. On the main level, you will be greeted by Brazilian Cherry flooring, a floor-to-ceiling brick fireplace in the family room, a well-appointed eat-in kitchen, formal dining room and a lovely sunroom. There is also a guest bedroom (and/or 1st floor primary), full bath and walk-in laundry room! A 3/4 season room is just off the dining room. Upstairs you will find a spacious and inviting primary bedroom with a private balcony for your enjoyment, an ensuite bath, huge walk-in closet and another spacious bedroom and full bath. The full walk-out basement is ready for completion! Outside, a covered deck, a nice dock with a boat lift and a small, private sand beach await your enjoyment. Located on protected Towne Creek, overlooking the beautiful Corrotoman River, this property offers an amazing waterfront lifestyle! Don't miss it!

Last Agent to Sell the Property

Deborah Edgar

Real Broker LLC License #0225276620 Listed on: 04/01/2022

Real Broker LLC

Last Buyer's Agent

Dawn Parrish

Long & Foster Real Estate License #0225104089

Long & Foster Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,399

Year Built

  • Built in 2001

Lot Details

  • 2.22 Acre Lot
  • Home fronts a creek
  • Beach Front
  • Home fronts navigable water
  • Street terminates at a dead end
  • Partially Fenced Property
  • Zoning described as R1

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener
  • Circular Driveway
  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Fire Rated Drywall
  • Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,510 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Thermal Windows
  • Formal Dining Room
  • Screened Porch

Kitchen

  • Eat-In Kitchen
  • Double Oven
  • Gas Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 3 Full Bathrooms
  • Double Vanity

Laundry

  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Mooring
  • Boat Lift
  • Boat Ramp
  • Docks
  • Dock Available
  • Balcony
  • Deck
  • Shed

Schools

  • Lancaster Elementary And Middle School
  • Lancaster High School

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Propane
  • Heating System Uses Wood
  • Heat Pump System
  • Well
  • Water Heater
  • Septic Tank

Additional Features

  • Guest House
  • Pasture
  • Horses Allowed On Property

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 26D-1-2

Community Details

Overview

  • Millenbeck Subdivision

Recreation

  • Community Bulkhead

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,399

Year Built

Built in 2001

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2001
  • Property Attached Yn: No
  • Horses: Yes
  • Lot Size Acres: 2.22
  • Water Body Name: Towne Creek
  • Ownership: Individuals
  • Subdivision Name: Millenbeck
  • Architectural Style: Contemporary, Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Owner
  • Property Sub Type Additional: Single Family Residence
  • General Property Information Below Grade Unfinished Area: 1091.0
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Ceramic Tile, Tile, Wood
  • Basement: Full, Unfinished, Walk-Out Access
  • Appliances: Double Oven, Dryer, Dishwasher, Electric Water Heater, Gas Cooking, Disposal, Ice Maker, Microwave, Oven, Refrigerator, Water Heater, Washer
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Fireplace Features: Masonry, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Balcony, Bedroom on Main Level, Ceiling Fan(s), Cathedral Ceiling(s), Separate/Formal Dining Room, Double Vanity, Eat-in Kitchen, Granite Counters, High Ceilings, Bath in Primary Bedroom, Recessed Lighting, Walk-In Closet(s)
  • Living Area: 2510.0
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: Owner

Exterior Features

  • Roof: Shingle
  • Fencing: Fenced, Partial
  • Lot Features: Beach Front, Dead End, Pasture, Waterfront
  • Pool Features: None
  • Waterfront Features: Creek, Dock Access, Mooring, Navigable Water, Boat Ramp/Lift Access, Waterfront
  • Waterfront: Yes
  • Construction Type: Drywall, Frame, Vinyl Siding
  • Exterior Features: Boat Lift, Deck, Dock, Porch, Storage, Shed
  • Other Structures: Storage, Guest House
  • Patio And Porch Features: Balcony, Screened, Deck, Porch
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Circular Driveway, Direct Access, Garage, Garage Door Opener, Off Street

Utilities

  • Heating: Electric, Heat Pump, Propane, Wood, Zoned
  • Cooling: Heat Pump, Zoned
  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Bulkhead

Schools

  • Middle Or Junior School: Lancaster

Lot Info

  • Parcel Number: 26D-1-2
  • Horse Amenities: Horses Allowed
  • Zoning Description: R1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3399.0
  • Tax Lot: 1

MLS Schools

  • Elementary School: Lancaster
  • High School: Lancaster

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 8, 2024
Sold by
Unknown
Bought by
Trust Agreement Made By Robert H Morazes and Morazes
Current Estimated Value
$891,333
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
Trust Agreement Made By Robert H Morazes -- None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2022 05/16/22 Sold $786,000 -1.6% $313 / Sq Ft
04/11/2022 04/11/22 Pending -- -- --
04/01/2022 04/01/22 For Sale $799,000 -- $318 / Sq Ft
Source: Central Virginia Regional 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
2024 $4,970 $903,600 $211,300 $692,300
2023 $3,401 $539,800 $146,300 $393,500
2022 $3,399 $539,500 $146,000 $393,500
2021 $3,399 $539,500 $146,000 $393,500
2020 $3,399 $539,500 $146,000 $393,500
2019 $3,399 $539,500 $146,000 $393,500
2018 $3,270 $554,300 $203,500 $350,800
2017 $3,270 $554,300 $203,500 $350,800
2016 -- $554,300 $203,500 $350,800
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Deborah Edgar

    Seller's Agent in 2022

    Deborah Edgar

    Real Broker LLC

    (804) 337-0977

    128 Total Sales

    Deborah Edgar
    Section Image

  • D

    Buyer's Agent in 2022

    Dawn Parrish

    Long & Foster Real Estate

    (804) 833-5351

    36 Total Sales

    Dawn Parrish
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 2206924

Central Virginia Regional MLS

APN: 26D1201

Virginia Lancaster County Lancaster 22503

340 Smith Ln, Lancaster, VA

Not Listed for Sale

Detached

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Central Virginia Regional MLS All or a portion of th multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

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