NOT LISTED FOR SALE

4 Out of Bounds Rd Palmyra, VA 22963

Estimated Value: $491,707 - $537,000

3 Beds
2 Baths
2,233 Sq Ft
$231/Sq Ft Est. Value

Last Sold September 18, 2022

Last sale price $475,000 $213 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,878/month

11 Days on Market

Highlights

  • On Golf Course
  • Bar or Lounge
  • Sitting Area In Primary Bedroom
  • Community Boat Launch
  • 24-Hour Security
  • Gated Community

About This Home

As of September 2022

Immaculate custom built golf front home. This well thought out single level living floor plan features a light filled vaulted great room with a floor to ceiling stone fireplace, hard wood flooring, built ins, formal dining room with bay window, eat in gourmet kitchen with ample cherry cabinets, granite counter space and breakfast bar. The master suite with custom tray ceiling, attached bath with double vanities, walk in tile shower, jacuzzi tub and abundant closet space leads out to a private sunroom / office space. An additional sunroom with two story windows overlooking the tee box leads out to a private deck. Walk up storage area above the garage offers opportunity for future finished space. Coveted location minutes to shopping and dining. Plenty of time this season left to be enjoying the golf course and all the other amenities the Lake Life offers!

Last Listed By

Diane Miller

LONG & FOSTER - LAKE MONTICELLO License #0225102265 Listed on: 07/21/2022

LONG & FOSTER - LAKE MONTICELLO

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2004

Lot Details

  • 0.43 Acre Lot
  • On Golf Course
  • Property is zoned R-4 Residential

Home Design

  • Concrete Block With Brick
  • Composition Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Vaulted Ceiling
  • Recessed Lighting
  • Multiple Fireplaces
  • Gas Log Fireplace
  • Entrance Foyer
  • Great Room with Fireplace
  • Dining Room
  • Home Office
  • Golf Course Views
  • Crawl Space

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • Sitting Area In Primary Bedroom
  • 3 Main Level Bedrooms
  • Walk-In Closet
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Primary bathroom on main floor
  • Double Vanity
  • Dual Sinks

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Front Facing Garage

Outdoor Features

  • Deck
  • Playground
  • Front Porch

Schools

  • Central Elementary School
  • Fluvanna Middle School
  • Fluvanna High School

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Heating System Uses Propane

Listing and Financial Details

  • Assessor Parcel Number 56

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include boat launch, play area, road maint, security force, trash pickup
  • $855 HOA Transfer Fee
  • Lake Monticello Subdivision
  • Community Lake

Amenities

  • Picnic Area
  • Clubhouse
  • Bar or Lounge

Recreation

  • Community Boat Launch
  • Tennis Courts
  • Baseball Field
  • Soccer Field
  • Community Basketball Court
  • Volleyball Courts
  • Community Playground
  • Community Pool

Security

  • 24-Hour Security
  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Type: Detached
  • Above Grade Finished Sq Ft: 2809
  • Above Grade Unfinished Sq Ft: 576
  • Design: Contemporary
  • Electricity: Elec Underground
  • L V T Date: 07/29/2022
  • Parcel Number: 56
  • Price Per Sq Ft: 212.72
  • Total Sq Ft: 3385
  • Total Unfinished Sq Ft: 1152
  • Type of Construction: On Site Built
  • Zoning: R-4 Residential
  • Subdivision: LAKE MONTICELLO
  • Comments: Yes
  • Concatenated Rooms1: |Foyer1|Great Room1|Dining Roo1|Kitchen1|Master Bed1|Master BTH1|Home Offic1|Bedroom1|Bedroom1|Full Bath1|Laundry1|
  • Structures Deck Porch: Deck, Porch - Front
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Fireplace: Gas Logs, One
  • Laundry: Dryer, Dryer Hookup, Washer, Washer Hookup
  • Basement Type: Crawl
  • Room 1: Foyer,On Level: 1
  • Room 2: Great Room,On Level: 1
  • Room 3: Dining Room,On Level: 1
  • Room 4: Kitchen,On Level: 1
  • Room 5: Master Bedroom,On Level: 1
  • Room 6: Master Bath,On Level: 1
  • Room 7: Home Office,On Level: 1
  • Room 8: Bedroom,On Level: 1
  • Room 9: Bedroom,On Level: 1
  • Room 10: Full Bath,On Level: 1
  • Room 11: Laundry,On Level: 1
  • Total Finished Sq Ft: 2233
  • Above Grade Finished Sq Ft: 2233
  • Bathroom: Attach Mstr Bath
  • Fireplace Location: Great Room
  • Foundation: Concrete Block
  • Kitchen Appliances Feat: Breakfast Nook, Dishwasher, Disposal, Eat-in, Electric Range, Island, Microwave, Pantry, Recessed Light, Refrigerator
  • Kitchen Cabinets Counters: Cherry Cabinets, Granite
  • Land Description: Golf Front, Nearly Level
  • Level: 1 Story
  • Primary Bathroom Main Level: Yes
  • Master Bedon Main Level: Yes
  • Bathrooms: 2
  • Number of Main Level Bathrooms: 2
  • Number Beds: 3
  • Number Beds Main Level: 3
  • Full Bathrooms: 2
  • Room Types: Bedroom, Dining Room, Foyer, Full Bath, Great Room, Home Office, Kitchen, Laundry, Master Bedroom
  • Room Types Level1: Bedroom (L1), Dining Room (L1), Foyer (L1), Full Bath (L1), Great Room (L1), Home Office (L1), Kitchen (L1), Laundry (L1), Master Bedroom (L1)
  • Source of Sq Ft: Public Records

Exterior Features

  • Exterior: Vinyl
  • Number Of Acres: 0.43
  • Roof: Composition Shingle
  • Structure Features: Dual Vanities, MBr Sitting Area, Walk-in Closet
  • Structure Floors: Carpet, Ceramic Tile, Hardwood, Vinyl
  • Structure Security: 24-hr Security, Gated Community
  • Structure Window Ceiling: Vaulted/Cathedral Ceiling
  • View: Golf Course View
  • Yard: Nearly Level, Sunny

Garage/Parking

  • Garage: Yes
  • Unfinished Above Grade Garage: 576
  • Garage Features: Attached, Electricity, Faces Front, Windows
  • Number of Car Spaces: 2
  • Total Above Grade Garage: 576
  • Driveway Parking: Concrete

Utilities

  • Cooling: Central AC, Heat Pump
  • Heating: Central Heat, Forced Air, Propane
  • Gas: Liquid Propane
  • Security: Security Force
  • Sewer/Septic System: Community Sewer
  • Water: Community Water

Condo/Co-op/Association

  • HOA/COA Amenities: Bar/Lounge, Baseball Field, Basketball Court, Boat Launch, Clubhouse, Lake, Picnic Area, Play Area, Pool, Soccer Field, Tennis, Volleyball
  • Association Setup Transfer Fee Type: $
  • Association Setup Transfer Fees: 855
  • Association Fee: HOA
  • Association Includes: Boat Launch, Play Area, Road Maint, Security Force, Trash Pickup

Schools

  • Elementary School: Central (Fluvanna)
  • Middle School: Fluvanna
  • High School: Fluvanna

Lot Info

  • Lot Features: Golf Course

Building Info

  • Year Built: 2004

Tax Info

  • Year: 2022
  • Taxes: 284400

MLS Schools

  • HighSchool: Fluvanna
  • Middle School: Fluvanna
  • Elementary School: Central (Fluvanna)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2022
Closed on
Sep 12, 2022
Sold by
Marie Burkey Donna
Bought by
Mcgowan Steven P and Mcgowan Judith L
Seller's Agent
Diane Miller
LONG & FOSTER - LAKE MONTICELLO
Buyer's Agent
Anita Dunbar
MONTAGUE, MILLER & CO. - WESTFIELD
List Price
$475,000
Sold Price
$475,000
Total Days on Market
11
Views
1
Current Estimated Value
$515,927

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,927
Avg. Annual Appreciation
3.20%

Purchase Details

Listed on
Apr 12, 2019
Closed on
Apr 17, 2019
Sold by
Kerrigan Joesphe K and Kerrigan Carolyn J
Bought by
Morrision Burkey Donna Marie and Morrision Burkey Ronald
Seller's Agent
Thomas Morace
LONG & FOSTER - LAKE MONTICELLO
Buyer's Agent
JESSICA TRIVETTE
STORY HOUSE REAL ESTATE LLC
List Price
$334,900
Sold Price
$337,000
Premium/Discount to List
$2,100
0.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.07%
Original Mortgage
$330,896
Interest Rate
5.5%
Mortgage Type
FHA

Range of Values:

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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
Mcgowan Steven P $475,000 Old Republic National Title
Morrision Burkey Donna Marie $337,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burkey Donna Marie $43,710
Previous Owner Morrision Burkey Donna Marie $330,896
Previous Owner Kerrigan Joseph K $100,000
Previous Owner Kerrigan Joseph K $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2022 09/18/22 Sold $475,000 0.0% $213 / Sq Ft
08/01/2022 08/01/22 Pending -- -- --
07/21/2022 07/21/22 For Sale $475,000 +40.9% $213 / Sq Ft
06/12/2019 06/12/19 Sold $337,000 +0.6% $151 / Sq Ft
04/13/2019 04/13/19 Pending -- -- --
04/12/2019 04/12/19 For Sale $334,900 -- $150 / Sq Ft
Source: Charlottesville area 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 $33 $388,300 $55,000 $333,300
2023 $3,277 $388,300 $55,000 $333,300
2022 $2,754 $316,600 $50,000 $266,600
2021 $2,754 $316,600 $50,000 $266,600
2020 $2,690 $290,800 $50,000 $240,800
2019 $2,690 $290,800 $50,000 $240,800
2018 $2,723 $300,200 $50,000 $250,200
2017 $2,723 $300,200 $50,000 $250,200
2016 $2,355 $256,800 $35,000 $221,800
2015 $2,191 $256,800 $35,000 $221,800
2014 $2,191 $249,000 $35,000 $214,000
Source: Public Records

Agents Affiliated with this Home

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Source: Charlottesville area Association of Realtors®

MLS Number: 632970

Charlottesville area Association of Realtors®

APN: 18A-4-56