NOT LISTED FOR SALE

5 Old Homestead Cir Palmyra, VA 22963

Estimated Value: $331,000 - $371,094

3 Beds
2 Baths
2,238 Sq Ft
$160/Sq Ft Est. Value

Last Sold July 25, 2022

Last sale price $269,900 $121 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,274/month

33 Days on Market

Highlights

  • Beach
  • Community Boat Launch
  • 24-Hour Security
  • Golf Course Community
  • Bar or Lounge
  • Gated Community

About This Home

As of July 2022

NEW PRICE! Let your imagination take over and make this your dream home! Conveniently located, this home is on a double lot with plenty of room to add a detached garage (think home office, studio, craft room above). New roof installed in April, heat pump 5-7 years old, water heater less than 2 years old, and comes with a home warranty for peace of mind. Some repairs still in progress. The main level features a gracious living room with a gas log fireplace, family room with a second gas log fireplace, dining area, kitchen, full bath and master bedroom with a large walk-in closet. Lower level has two bedroom, a full bath, and recreation room. Outside is a storage shed and workshop with its own separate entrance. Some sweat equity will need to be invested, but what an opportunity!

Last Agent to Sell the Property

JAY HURDLE

RE/MAX REALTY SPECIALISTS-CHARLOTTESVILLE License #0225058163 Listed on: 04/30/2022

RE/MAX REALTY SPECIALISTS-CHARLOTTESVILLE

Last Buyer's Agent

Unrepresented Buyer

UnrepresentedBuyer

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,065

Year Built

  • Built in 1992

Lot Details

  • 0.58 Acre Lot
  • Elevated Lot
  • Mature Landscaping
  • Wooded Lot
  • Property is zoned R-4 Residential

HOA Fees

  • $174 Monthly HOA Fees

Parking

  • Driveway

Home Design

  • Concrete Block With Brick
  • Cedar Siding

Interior Spaces

  • 1-Story Property
  • Vaulted Ceiling
  • Skylights
  • Multiple Fireplaces
  • Gas Log Fireplace
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Recreation Room
  • Utility Room
  • Flood Lights

Kitchen

  • Electric Range
  • Dishwasher

Flooring

  • Carpet
  • Linoleum
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms | 1 Primary Bedroom on Main
  • Walk-In Closet
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Primary bathroom on main floor

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Windows

Outdoor Features

  • Storage Shed
  • Playground

Schools

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

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heat Pump System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 170

Community Details

Overview

  • Association fees include beach, club house, golf, master ins. policy, play area, pool, prof. mgmt., reserve fund, road maint, security force, snow removal, tennis, trash pickup
  • $850 HOA Transfer Fee
  • Lake Monticello Subdivision
  • Community Lake

Amenities

  • Picnic Area
  • Clubhouse
  • Community Center
  • Meeting Room
  • Bar or Lounge

Recreation

  • Community Boat Launch
  • Beach
  • Golf Course Community
  • Tennis Courts
  • Baseball Field
  • Soccer Field
  • Community Basketball Court
  • Community Playground
  • Community Pool

Security

  • 24-Hour Security
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,065

Year Built

Built in 1992

Lot Details

0

HOA Fees

$174 per month

Listing Details

  • Class: RESIDENTIAL
  • Property Type: Detached
  • Above Grade Finished Sq Ft: 1398
  • Animal: Domestic Pets
  • Below Grade Total Sq Ft: 1398
  • Design: Ranch
  • Electricity: Elec Underground
  • L V T Date: 04/30/2022
  • Nameof Property: 5 Old Homestead Circle
  • Parcel Number: 170
  • Price Per Sq Ft: 120.6
  • Property Included: All appliances in their "as is" condition.
  • Total Sq Ft: 2796
  • Total Unfinished Sq Ft: 558
  • Type of Construction: On Site Built
  • Zoning: R-4 Residential
  • Best Use: This home is on a double lot which would be a great place to add a detached garage.
  • Subdivision: LAKE MONTICELLO
  • Comments: No
  • Concatenated Rooms1: |Living Roo1|Dining Roo1|Kitchen1|Family Roo1|Master Bed1|Laundry1|Full Bath1|Rec RoomB|BedroomB|BedroomB|Full BathB|Utility RoB|CombinatioB|
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Unfinished Below Grade Sq Ft: 558
  • Fireplace: Gas Logs, Two
  • Laundry: Dryer, Washer
  • Basement Type: Finished, Heated, Inside Access, Outside Entrance, Walk Out, Windows
  • Room 1: Living Room,18.5 X 19,On Level: 1
  • Room 2: Dining Room,9 X 12,On Level: 1
  • Room 3: Kitchen,8.5 X 10,On Level: 1
  • Room 4: Family Room,15 X 26,On Level: 1
  • Room 5: Master Bedroom,14 X 17,On Level: 1
  • Room 6: Laundry,On Level: 1
  • Room 7: Full Bath,On Level: 1
  • Room 8: Rec Room,18 X 13,On Level: Basement
  • Room 9: Bedroom,11.5 X 11,On Level: Basement
  • Room 10: Bedroom,12 X 10,On Level: Basement
  • Room 11: Full Bath,On Level: Basement
  • Room 12: Utility Room,13.5 X 12,On Level: Basement
  • Room 13: Combination Room,15 X 26,On Level: Basement
  • Total Finished Sq Ft: 2238
  • Above Grade Finished Sq Ft: 1398
  • Basement: Yes
  • Below Grade Finished Sq Ft: 840
  • Fireplace Location: Family Room, Living Room
  • Foundation: Concrete Block
  • Kitchen Appliances Feat: Dishwasher, Electric Range, Pantry, Refrigerator
  • Kitchen Cabinets Counters: Wood Cabinets
  • Land Description: Elevated, Landscaped, Wooded
  • Level: 1 Story
  • Primary Bathroom Main Level: Yes
  • Master Bedon Main Level: Yes
  • Bathrooms: 2
  • Below Grade Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Number Beds: 3
  • Number Beds Below Grade: 2
  • Number Beds Main Level: 1
  • Full Bathrooms: 2
  • Room Types: Bedroom, Combination Room, Dining Room, Family Room, Full Bath, Kitchen, Laundry, Living Room, Master Bedroom, Rec Room, Utility Room
  • Room Types Level1: Dining Room (L1), Family Room (L1), Full Bath (L1), Kitchen (L1), Laundry (L1), Living Room (L1), Master Bedroom (L1)
  • Room Types Level B: Bedroom (LB), Combination Room (LB), Full Bath (LB), Rec Room (LB), Utility Room (LB)
  • Source of Sq Ft: Public Records

Exterior Features

  • Exterior: Cedar
  • Number Of Acres: 0.58
  • Roof: Architectural Style
  • Structure Deck Porch: Deck, Patio, Porch - Front
  • Structure Features: Fixer Upper, Skylights, Walk-in Closet
  • Structure Floors: Carpet, Laminate, Linoleum
  • Structure Security: 24-hr Security, Gated Community
  • Structure Window Ceiling: 8' Ceilings, Vaulted/Cathedral Ceiling
  • View: Residential View, Wooded View
  • Yard: Flood Lights, Landscaped, Mature, Wooded

Garage/Parking

  • Driveway: Asphalt

Utilities

  • Cooling: Heat Pump, Wall Unit(s)
  • Heating: Electric, Heat Pump
  • Cable Available: Cable, DSL
  • Security: Security Force
  • Sewer/Septic System: Community Sewer
  • Water: Community Water

Condo/Co-op/Association

  • HOA/COA Amenities: Bar/Lounge, Baseball Field, Basketball Court, Beach, Boat Launch, Clubhouse, Community Room, Golf, Lake, Meeting Room, Picnic Area, Play Area, Pool, Soccer Field, Tennis
  • Association Setup Transfer Fee Type: $
  • Association Setup Transfer Fees: 850
  • Association Contact: Lake Monticello Owners Association
  • Association Fee: HOA
  • Association Frequency: Annual
  • Association Includes: Beach, Club House, Golf, Master Ins. Policy, Play Area, Pool, Prof. Mgmt., Reserve Fund, Road Maint, Security Force, Snow Removal, Tennis, Trash Pickup
  • Association Fee: 2092

Schools

  • Other School: FUMA, Oakland, Effort Baptist, Open Door

Lot Info

  • Lot Features: Public Road, Storage Shed
  • Deed Book: 741
  • Deed Book Page: 443

Building Info

  • Year Built: 1992

Tax Info

  • Year: 2021
  • Taxes: 2065

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 22, 2023
Sold by
Gelletly Stephen C and Gelletly Sydney Janey
Bought by
Lundgren Dane Harold and Lundgren Sydney Janey
Current Estimated Value
$357,024

Purchase Details

Listed on
Apr 30, 2022
Closed on
Jun 27, 2022
Sold by
Gelletly Stephen C
Bought by
Lundgren Dane Harold and Lundgren Sydney Janet
Seller's Agent
JAY HURDLE
RE/MAX REALTY SPECIALISTS-CHARLOTTESVILLE
Buyer's Agent
Unrepresented Buyer
UnrepresentedBuyer
List Price
$274,900
Sold Price
$269,900
Premium/Discount to List
-$5,000
-1.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.96%
Original Mortgage
$265,010
Interest Rate
5.23%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 28, 2007
Sold by
Marshall Harry T and Marshall Irma R
Bought by
Gelletly Stephen C
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lundgren Dane Harold -- --
Lundgren Dane Harold $269,900 Chicago Title
Gelletly Stephen C $203,780 Land Maerica Commonwealth Ln
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lundgren Dane Harold $265,010
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/25/2022 07/25/22 Sold $269,900 0.0% $121 / Sq Ft
06/02/2022 06/02/22 Pending -- -- --
05/30/2022 05/30/22 Price Changed $269,900 -1.8% $121 / Sq Ft
04/30/2022 04/30/22 For Sale $274,900 -- $123 / 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
2025 $2,665 $355,300 $33,000 $322,300
2024 $22 $257,600 $33,000 $224,600
2023 $2,174 $257,600 $33,000 $224,600
2022 $1,942 $223,200 $30,000 $193,200
2021 $1,942 $223,200 $30,000 $193,200
2020 $1,898 $205,200 $30,000 $175,200
2019 $1,898 $205,200 $30,000 $175,200
2018 $1,799 $198,300 $30,000 $168,300
2017 $1,799 $198,300 $30,000 $168,300
2016 $1,809 $197,300 $30,000 $167,300
2015 $1,720 $197,300 $30,000 $167,300
2014 $1,720 $195,400 $30,000 $165,400
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Charlottesville area Association of Realtors®

MLS Number: 629749

Charlottesville area Association of Realtors®

APN: 18A 2 170