NOT LISTED FOR SALE

Estimated Value: $962,101 - $1,292,000

4 Beds
2.5 Baths
2,400 Sq Ft
$450/Sq Ft Est. Value

Last Sold August 31, 2018

Last sale price $652,000 $272 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $5,955/month

169 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Deck
  • Cathedral Ceiling
  • 0.88 Acre Lot
  • Contemporary Architecture
  • Wood Flooring

About This Home

As of August 2018

Gorgeous custom home on the Chincoteague Bay. This 4BR/2.5 bathroom house is situated on a large bay front lot with a private kayak ramp in Smugglers Cove. Features include beautiful wood floors, fireplace, open floor plan, first floor master bedroom, 600 sq ft of deck space including a screen porch and more. Sunset Cove is a very successful vacation rental with bookings in place for the 2018 season. Don't miss the opportunity to own this one of kind home. ***New Counter Tops and painting are currently in process***

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,090

Year Built

  • Built in 1990

Lot Details

  • 0.88 Acre Lot
  • Property Fronts a Bay or Harbor

Home Design

  • Contemporary Architecture
  • Beach House
  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 2,400 Sq Ft Home
  • 2-Story Property
  • Sheet Rock Walls or Ceilings
  • Cathedral Ceiling
  • 1 Fireplace
  • Double Pane Windows
  • Window Treatments
  • Insulated Doors
  • Great Room
  • Dining Area
  • Screened Porch
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Range
  • Microwave

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Main Floor Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • Stone Driveway
  • Open Parking

Outdoor Features

  • Deck

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • 200+ Amp Service
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • Property has a Home Owners Association
  • Smugglers Association
  • Smuggler's Cove Subdivision

Listing and Financial Details

  • Tax Lot 4
  • $551,800 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,090

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.88
  • Lot Size: .88
  • Water Body Name: Chincoteague Bay
  • Subdivision Name: Smuggler's Cove
  • Directions: Left on Main St, left into smugglers cove, stay straight on Shady Lane and the house is straight ahead at the end of the road.
  • Architectural Style: Contemporary, Beach House
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1990
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater, Range, Microwave, Refrigerator, Washer, Dryer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: Insulated Doors
  • Entry Location: x
  • Fireplace Features: One Fireplace
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Vinyl, Hardwood
  • Interior Amenities: Cathedral Ceiling(s), Great Room, 1st Floor Bedroom
  • Living Area: 2400
  • Window Features: Window Treatments, Double Pane Windows
  • Dining Room Features: Breakfast Area, Dining Area

Exterior Features

  • Lot Features: .5-.9 acre +/-
  • Waterfront Features: Water Front, Bay Front, Waterfront
  • Waterfront: Yes
  • Construction Type: Wood Siding, Sheetrock
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Screened, Deck, Porch
  • Property Condition: 15-30 yrs +/-
  • Roof: Composition

Garage/Parking

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

Utilities

  • Laundry Features: Washer/Dryer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Electric: Amps: 200
  • Sewer: Septic Tank
  • Utilities: Cable Connected
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association Name: Smugglers
  • Association: Yes

Schools

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

Lot Info

  • Lot Size Sq Ft: 38332.8
  • Farm Land Area Units: Square Feet
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 3090.08
  • Tax Book Number: 0552 00141
  • Tax Lot: 4
  • Tax Map Number: 31-7-4
  • Tax Other Annual Assessment Amount: 551800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2018
Closed on
Aug 16, 2018
Sold by
Kay Kenneth R
Bought by
Cox Kevin F and Cox Alvarez
List Price
$695,000
Sold Price
$652,000
Premium/Discount to List
-$43,000
-6.19%
Current Estimated Value
$1,080,367

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$428,367
Avg. Annual Appreciation
7.19%
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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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
Cox Kevin F $652,000 Attorney Only
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2018 08/31/18 Sold $652,000 -6.2% $272 / Sq Ft
08/14/2018 08/14/18 Pending -- -- --
02/25/2018 02/25/18 For Sale $695,000 -- $290 / 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
2025 $3,259 $850,900 $310,000 $540,900
2024 $2,795 $729,800 $310,000 $419,800
2023 $2,902 $624,100 $310,000 $314,100
2022 $2,902 $624,100 $310,000 $314,100
2021 $2,550 $531,200 $310,000 $221,200
2020 $2,550 $531,200 $310,000 $221,200
2019 $2,399 $499,800 $310,000 $189,800
2018 $2,399 $499,800 $310,000 $189,800
2017 $2,704 $551,800 $360,000 $191,800
2016 $2,704 $551,800 $360,000 $191,800
2015 $2,712 $553,500 $360,000 $193,500
2014 $2,712 $553,500 $360,000 $193,500
2013 -- $559,600 $360,000 $199,600
Source: Public Records

Map

Source: Eastern Shore Association of REALTORS®

MLS Number: 47142

APN: 031-00-07-00-0004-00