5 Chatham Ln Palmyra, VA 22963
4
Beds
2.5
Baths
2,883
Sq Ft
0.33
Acres
Highlights
- Boat Ramp
- Golf Club
- Clubhouse
- Beach
- Bar or Lounge
- Great Room
About This Home
As of May 2025Welcome to 5 Chatham Lane, a spacious 2,883 sq ft home in the sought-after Lake Monticello community. This 4-bedroom, 2.5-bath home on a 0.33-acre lot blends charm, comfort, and convenience. Relax on the wrap-around front porch or entertain year-round on the large screened-in rear porch overlooking the private backyard. Inside, the main level features two fireplaces, creating a warm and inviting atmosphere in the living and family rooms. The kitchen offers ample cabinetry, modern appliances, and seamless flow into the dining area, perfect for gatherings. The primary suite boasts an en-suite bath upstairs, while three additional bedrooms provide space for guests, a home office, or hobbies. A matching site-built shed provides ample storage for tools and outdoor gear. Located in Lake Monticello, residents enjoy five sandy beaches, an 18-hole golf course, tennis, a clubhouse, a pool, walking trails, and dining. A fantastic opportunity for comfortable living in Palmyra, VA! The listing agent is related to the seller.
Last Agent to Sell the Property
YES REALTY PARTNERS License #0225194856[2894] Listed on: 03/20/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,684
Year Built
- Built in 1994
Lot Details
- 0.33 Acre Lot
- Property is zoned R-4
HOA Fees
- $103 Monthly HOA Fees
Home Design
- Block Foundation
Interior Spaces
- Property has 2 Levels
- Great Room
- Dining Room
- Utility Room
Bedrooms and Bathrooms
- 4 Bedrooms
- 2.5 Bathrooms
Schools
- Central Elementary School
- Fluvanna Middle School
- Fluvanna High School
Utilities
- Central Air
- Heat Pump System
Community Details
Overview
- Lake Monticello Subdivision
Amenities
- Clubhouse
- Community Center
- Community Dining Room
- Bar or Lounge
Recreation
- Boat Ramp
- Beach
- Golf Club
- Tennis Courts
- Baseball Field
- Community Basketball Court
- Volleyball Courts
- Community Pool
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 20, 2025
Closed on
Apr 22, 2025
Sold by
Smith Leonard and Smith Christina M
Bought by
Lopez Emily
Seller's Agent
Keith Smith
YES REALTY PARTNERS
Buyer's Agent
Errin Kardos-Searcy
STORY HOUSE REAL ESTATE
List Price
$340,000
Sold Price
$351,500
Premium/Discount to List
$11,500
3.38%
Views
59
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.52%
Original Mortgage
$281,200
Outstanding Balance
$280,705
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$88,295
Similar Homes in Palmyra, VA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $351,500 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $281,200 | New Conventional | |
| Previous Owner | $149,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/12/2025 05/12/25 | Sold | $351,500 | +3.4% | $122 / Sq Ft |
| 03/28/2025 03/28/25 | Pending | -- | -- | -- |
| 03/20/2025 03/20/25 | For Sale | $340,000 | -- | $118 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $3,077 | $410,200 | $30,000 | $380,200 |
| 2024 | $27 | $318,000 | $30,000 | $288,000 |
| 2023 | $2,684 | $318,000 | $30,000 | $288,000 |
| 2022 | $2,304 | $264,800 | $27,500 | $237,300 |
| 2021 | $2,304 | $264,800 | $27,500 | $237,300 |
| 2020 | $2,250 | $243,200 | $27,500 | $215,700 |
| 2019 | $2,250 | $243,200 | $27,500 | $215,700 |
| 2018 | $2,075 | $228,800 | $27,500 | $201,300 |
| 2017 | $2,075 | $228,800 | $27,500 | $201,300 |
| 2016 | $2,011 | $219,300 | $27,500 | $191,800 |
| 2015 | $1,857 | $219,300 | $27,500 | $191,800 |
| 2014 | $1,857 | $211,000 | $27,500 | $183,500 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Keith Smith
YES REALTY PARTNERS
(434) 531-0795
15 in this area
72 Total Sales
-
Seller Co-Listing Agent in 2025
Yonna Smith
YES REALTY PARTNERS
(434) 531-0795
39 in this area
90 Total Sales
-
Buyer's Agent in 2025
Errin Kardos-Searcy
STORY HOUSE REAL ESTATE
(434) 981-3872
27 in this area
177 Total Sales
Map
Source: Bright MLS
MLS Number: 662148
APN: 18A-1-337
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