NOT LISTED FOR SALE

Estimated Value: $597,187

4 Beds
4 Baths
1,944 Sq Ft
$307/Sq Ft Est. Value

Last Sold March 22, 2024

Last sale price $582,750 $300 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $3,416/month

177 Days on Market

Highlights

  • Water Views
  • Main Floor Bedroom
  • Porch
  • Colonial Architecture
  • No HOA
  • 3-minute walk to Robert N. Reed Downtown Waterfront Park

About This Home

As of March 2024

Spacious duplex apartment building in the heart of scenic Chincoteague Island! Zoned for commercial use, this property features a downstairs unit & an upstairs unit, each with distinct entrances. The ground floor apartment offers a large living room flowing into a roomy dining area. The modern kitchen features a breakfast bar, quartz counters & stainless appliances. Additional features include 2 bedrooms, 1 full bath, 2 half baths, a separate laundry room & ample off-street parking. Enjoy outdoor living with a covered front porch & rear patio. The upper unit features a generous living room, eat-in kitchen, two bedrooms & a full bath. Freshly renovated, both units feature luxury vinyl plank (LVP) flooring. This presents an outstanding opportunity for both investors and visionaries alike.

Last Listed By

Meghan Oliver Clarkson

LONG & FOSTER CHINCOTEAGUE License #0225085807 Listed on: 08/31/2023

LONG & FOSTER CHINCOTEAGUE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,357

Year Built

  • Built in 1955

Lot Details

  • 5,680

Home Design

  • Duplex
  • Colonial Architecture
  • Beach House
  • Composition Roof
  • Vinyl Siding
  • Lead Paint Disclosure

Interior Spaces

  • 1,944 Sq Ft Home
  • 2-Story Property
  • Sheet Rock Walls or Ceilings
  • Dining Area
  • Vinyl Flooring
  • Water Views
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • Stone Driveway
  • Open Parking

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Cesspool

Additional Features

  • Porch
  • 5,680 Sq Ft Lot

Community Details

  • No Home Owners Association
  • Chincoteague Subdivision

Listing and Financial Details

  • Tax Lot 0609
  • $291,800 per year additional tax assessments

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,357

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Sub Type: Duplex,Multi Family,Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.1304
  • Lot Size: .1304
  • Subdivision Name: Chincoteague
  • Directions: VA-175 toward Main St. Turn right at the 1st cross street onto Main St. Go 0.6 mi then turn right at 3899 Main Street. Property will be on the left.
  • Architectural Style: Duplex, Colonial, Beach House
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 2
  • Structure Type: Duplex
  • Year Built: 1955
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater, Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 4
  • Entry Location: -
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Vinyl
  • Interior Amenities: 1st Floor Bedroom
  • Living Area: 1944
  • Dining Room Features: Eat-in Kitchen, Dining Area

Exterior Features

  • Lot Features: <.5 acre +/-
  • View: Water
  • View: Yes
  • Waterfront Features: None
  • Disclosures: Lead Paint Disclosure
  • Construction Type: Vinyl Siding, Other, Sheetrock
  • Foundation Details: Crawl Space
  • Patio And Porch Features: Porch
  • Property Condition: 50-100 yrs +/-
  • Roof: Composition, Age 10 yrs +/-

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: No Garage, Stone Driveway

Utilities

  • Laundry Features: Washer/Dryer Hookup
  • Cooling: Heat Pump, Central Air
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Cesspool
  • Water Source: Public

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: 5680.224
  • Farm Land Area Units: Square Feet
  • Zoning Description: Commercial
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 1357
  • Tax Book Number: 2018 02458
  • Tax Lot: 0609
  • Tax Map Number: 30A5-A-609
  • Tax Other Annual Assessment Amount: 291800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2023
Closed on
Mar 19, 2024
Sold by
Sun Kissed Hldgs Llc
Bought by
Kimberlin Hadley C
Seller's Agent
Meghan Oliver Clarkson
LONG & FOSTER CHINCOTEAGUE
Buyer's Agent
Shawn Jennings
COLDWELL BANKER HARBOUR REALTY
List Price
$719,000
Sold Price
$582,750
Premium/Discount to List
-$136,250
-18.95%
Total Days on Market
177
Views
368
Current Estimated Value
$597,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,437
Avg. Annual Appreciation
2.17%

Purchase Details

Closed on
Jun 25, 2018
Sold by
Scullion Leda T
Bought by
Sun Kissed Holdings Llc

Range of Values:

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Average Value
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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
Kimberlin Hadley C $582,750 --
Sun Kissed Holdings Llc $265,000 Attorney Only
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2024 03/22/24 Sold $582,750 -7.4% $300 / Sq Ft
02/26/2024 02/26/24 Pending -- -- --
02/23/2024 02/23/24 Price Changed $629,000 -8.7% $324 / Sq Ft
09/23/2023 09/23/23 Price Changed $689,000 -4.2% $354 / Sq Ft
09/01/2023 09/01/23 For Sale $719,000 -- $370 / Sq Ft
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 $1,262 $329,500 $155,400 $174,100
2023 $1,357 $291,800 $155,400 $136,400
2022 $1,357 $291,800 $155,400 $136,400
2021 $1,212 $252,400 $119,000 $133,400
2020 $1,212 $252,400 $119,000 $133,400
2019 $1,184 $246,700 $125,300 $121,400
2018 $1,184 $246,700 $125,300 $121,400
2017 $1,209 $246,700 $125,300 $121,400
2016 $1,209 $246,700 $125,300 $121,400
2015 $1,209 $246,700 $125,300 $121,400
2014 -- $246,700 $125,300 $121,400
2013 -- $246,700 $125,300 $121,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Eastern Shore Association of REALTORS®

MLS Number: 59263

APN: 030-A5-A0-00-0609-00