$479,999
PENDING $19K PRICE DROP

47 Marwood Dr Palmyra, VA 22963

Estimated payment $2,971/month

Total Views 9,826
4 Beds
3 Baths
3,541 Sq Ft
$136 Price per Sq Ft

Highlights

  • Lake Front
  • Beach
  • Property is near a marina
  • Boat Dock
  • Golf Course Community
  • In Ground Pool

About This Home

PRICED BELOW APPRAISAL with 40K in renovations! This home is a MUST SEE - NOW VACANT! Stunning 4-Bedroom Home with Water Views at Lake Monticello! Discover the perfect blend of comfort and luxury in this beautifully maintained 4-bedroom, 3-full-bath home nestled in a quiet cul-de-sac at Lake Monticello. Enjoy breathtaking water views. Step inside to brand-new carpeting throughout and a COMPLETELY RENOVATED basement, offering additional living space or a private retreat. The main living areas are bright and inviting, featuring a cozy wood-burning fireplace—perfect for chilly evenings. The kitchen boasts gas cooking and a an eat in kitchen and plenty of storage space, making meal prep a breeze. Outside, the fenced rear yard provides privacy, while the lot extends beyond the fence for even more space to enjoy. A spacious back deck is ideal for entertaining, whether you're hosting a summer barbecue or enjoying peaceful lake views with your morning coffee. Amazing amounts of storage throughout the entire home! Garage is also equipped with a plug to charge an EV. Seller has covered the cost of the annual HOA for 2025, as well as a home warranty paid through August. With access to Lake Monticello’s premier amenities—including a golf course, pools, tennis courts, restaurants, and a bar—this home offers an unparalleled lifestyle in a serene, waterfront setting. NO DIRECT ACCESS TO THE WATER FROM BACKYARD. Don't miss your chance to own this incredible lakefront retreat—schedule your showing today!

Listing Agent

Jennifer Bell

NextHome Advantage License #0225207416 Listed on: 06/14/2025

NextHome Advantage

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,451

Year Built

  • Built in 1991

Lot Details

  • 0.36 Acre Lot
  • Lake Front
  • Cul-De-Sac
  • Street terminates at a dead end
  • Back Yard Fenced
  • Wooded Lot
  • Zoning described as R-4

HOA Fees

  • $108 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Garage Door Opener
  • Driveway
  • Unpaved Parking

Home Design

  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 3,541 Sq Ft Home
  • 1-Story Property
  • Wired For Data
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Separate Formal Living Room
  • Water Views
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Oven
  • Gas Cooktop
  • Stove
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Partially Carpeted
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Bathroom Rough-In
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Property is near a marina
  • Deck
  • Front Porch

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 487
  • Assessor Parcel Number 18-A-12-487

Community Details

Overview

  • Lake Monticello Subdivision
  • Community Lake
  • Pond in Community

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Boat Dock
  • Community Boat Facilities
  • Beach
  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Community Pool
  • Park
  • Trails

Security

  • Security Guard
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,451

Year Built

Built in 1991

Lot Details

0

HOA Fees

$108 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1991
  • Property Attached Yn: No
  • Lot Size Acres: 0.361
  • Water Body Name: Lake Monticello
  • Ownership: Individuals
  • Subdivision Name: Lake Monticello
  • Above Grade Finished Sq Ft: 2464.0
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • New Construction: No
  • Year Built Details: Actual
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Flooring: Partially Carpeted, Vinyl
  • Basement: Full
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Gas Cooking, Disposal, Microwave, Oven, Refrigerator, Stove, Washer
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1077.0
  • Fireplace Features: Masonry, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Bedroom on Main Level, Breakfast Area, Bathroom Rough-In, Ceiling Fan(s), Cathedral Ceiling(s), Separate/Formal Dining Room, Eat-in Kitchen, Fireplace, High Speed Internet, Bath in Primary Bedroom, Main Level Primary, Recessed Lighting, Cable TV, Wired for Data, Walk-In Closet(s)
  • Living Area: 3541.0
  • Stories: 1

Exterior Features

  • Roof: Composition, Shingle
  • Fencing: Back Yard, Fenced
  • Lot Features: Dead End, Wooded, Cul-De-Sac
  • Pool Features: In Ground, Pool, Community
  • View: Water
  • View: Yes
  • Waterfront Features: Beach Access, Lake
  • Waterfront: No
  • Disclosures: Seller Disclosure
  • Construction Type: Frame, Vinyl Siding
  • Exterior Features: Deck, Porch, Unpaved Driveway
  • Patio And Porch Features: Front Porch, Deck, Porch
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Direct Access, Driveway, Garage, Garage Door Opener, Unpaved

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Gated Community, Smoke Detector(s), Security Guard
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Beach, Boat Facilities, Common Grounds/Area, Clubhouse, Dock, Golf, Gated, Home Owners Association, Lake, Marina, Playground, Park, Pond, Pool, Tennis Court(s), Trails/Paths
  • Association Fee: 108.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Clubhouse, Common Areas, Pool(s), Road Maintenance, Snow Removal

Schools

  • Middle Or Junior School: Fluvanna

Lot Info

  • Parcel Number: 18-A-12-487
  • Zoning Description: R-4

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2450.98
  • Tax Lot: 487

MLS Schools

  • Elementary School: Central
  • High School: Fluvanna

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $2,967 $395,600 $30,000 $365,600
2024 $25 $290,400 $30,000 $260,400
2023 $2,451 $290,400 $30,000 $260,400
2022 $2,195 $252,300 $27,500 $224,800
2021 $2,195 $252,300 $27,500 $224,800
2020 $2,165 $234,100 $27,500 $206,600
2019 $2,165 $234,100 $27,500 $206,600
2018 $2,043 $225,300 $27,500 $197,800
2017 $2,043 $225,300 $27,500 $197,800
2016 $1,896 $206,800 $27,500 $179,300
2015 $1,788 $206,800 $27,500 $179,300
2014 $1,788 $203,200 $27,500 $175,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 Pending -- -- --
06/29/2025 06/29/25 Price Changed $479,999 -1.8% $136 / Sq Ft
06/19/2025 06/19/25 Price Changed $489,000 -2.0% $138 / Sq Ft
06/14/2025 06/14/25 For Sale $499,000 +21.0% $141 / Sq Ft
08/23/2022 08/23/22 Sold $412,500 -2.9% $146 / Sq Ft
07/20/2022 07/20/22 Pending -- -- --
06/20/2022 06/20/22 For Sale $425,000 0.0% $150 / Sq Ft
06/06/2022 06/06/22 Pending -- -- --
06/02/2022 06/02/22 For Sale $425,000 -- $150 / Sq Ft
Source: Central Virginia Regional MLS

Purchase History

Date Type Sale Price Title Company
Deed $412,500 Old Republic National Title
Bargain Sale Deed $260,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $427,350 VA
Previous Owner $211,309 New Conventional
Previous Owner $210,000 New Conventional
Previous Owner $32,000 New Conventional
Previous Owner $236,336 FHA
Previous Owner $148,000 New Conventional
Previous Owner $25,000 Unknown
Source: Public Records

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Source: Central Virginia Regional MLS

MLS Number: 2516799

Central Virginia Regional MLS

APN: 18A-12-487