NOT LISTED FOR SALE

502 Cornwallis Ave Locust Grove, VA 22508

Estimated Value: $879,000 - $1,073,000

4 Beds
3 Baths
4,106 Sq Ft
$234/Sq Ft Est. Value

Last Sold June 09, 2016

Last sale price $612,000 $149 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $5,577/month

Highlights

  • 24 Feet of Waterfront
  • 1 Dock Slip
  • Golf Course Community
  • Boat Ramp
  • Beach
  • Community Stables

About This Home

As of June 2016

Waterfront Home with incredible lake views! Custom-built contemporary home in a cozy section of Lake of the Woods - 65 miles south of Loudoun/Fairfax county. NEW roof, two zone HVAC, beautiful hardwoods on main level - Anderson casement windows - Beautifully landscaped - sit on your dock in a quiet cove with expansive view of main lake. Great for kayaking, boating, swimming, fishing.

Last Agent to Sell the Property

Sharon Wilson

(703) 431-9476 sharon.wilson@c21redwood.com Pearson Smith Realty, LLC Listed on: 04/17/2016

Pearson Smith Realty, LLC

Co-Listed By

Holly Grate

holly.grate@pearsonsmithrealty.com Pearson Smith Realty, LLC

Last Buyer's Agent

Patricia Licata

(540) 735-7998 pat@licatagroup.com EXP Realty, LLC License #0225197494

EXP Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,022

Year Built

  • Built in 1990

Lot Details

  • 0.31 Acre Lot
  • 24 Feet of Waterfront
  • Home fronts navigable water
  • Private Beach
  • Extensive Hardscape
  • Property is in very good condition
  • Property is zoned R3

HOA Fees

  • $112 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener
  • Gravel Driveway
  • Off-Street Parking

Home Design

  • Contemporary Architecture
  • Shingle Roof
  • Cedar

Interior Spaces

  • Property has 2 Levels
  • Open Floorplan
  • Tray Ceiling
  • Vaulted Ceiling
  • 2 Fireplaces
  • Window Treatments
  • Casement Windows
  • Combination Kitchen and Living
  • Wood Flooring
  • Water Views

Kitchen

  • Breakfast Area or Nook
  • Butlers Pantry
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 2 Main Level Bedrooms
  • En-Suite Bathroom
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Connecting Stairway
  • Exterior Basement Entry

Outdoor Features

  • Canoe or Kayak Water Access
  • Private Water Access
  • Property is near a lake
  • Waterski or Wakeboard
  • Sail
  • Swimming Allowed
  • 1 Dock Slip
  • Physical Dock Slip Conveys
  • Shared Waterfront
  • 1 Powered Boats Permitted
  • Lake Privileges
  • Deck
  • Patio

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 22
  • Assessor Parcel Number 000002853

Community Details

Overview

  • Association fees include management, insurance, pier/dock maintenance, pool(s), road maintenance, snow removal, security gate
  • Built by CHIP GOODRICH
  • Lake Of The Woods Association Community
  • Lake Of The Woods Subdivision
  • Community Lake

Amenities

  • Picnic Area
  • Common Area
  • Clubhouse
  • Meeting Room
  • Community Dining Room

Recreation

  • Boat Ramp
  • Boat Dock
  • Pier or Dock
  • Beach
  • Golf Course Community
  • Golf Course Membership Available
  • Tennis Courts
  • Baseball Field
  • Soccer Field
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Community Pool
  • Fishing Allowed
  • Putting Green
  • Community Stables
  • Horse Trails
  • Jogging Path

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,022

Year Built

Built in 1990

Lot Details

0

HOA Fees

$112 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Contemporary
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Main
  • Year Built: 1990
  • Remarks Public: Waterfront Home with incredible lake views! Custom-built contemporary home in a cozy section of Lake of the Woods - 65 miles south of Loudoun/Fairfax county. NEW roof, two zone HVAC, beautiful hardwoods on main level - Anderson casement windows - Beautifully landscaped - sit on your dock in a quiet cove with expansive view of main lake. Great for kayaking, boating, swimming, fishing.
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Dishwasher, Disposal, Dryer, Oven/Range - Electric, Microwave, Refrigerator, Washer
  • Interior Amenities: Breakfast Area, Combination Kitchen/Living, Butlers Pantry, Entry Level Bedroom, Upgraded Countertops, Primary Bath(s), Window Treatments, Wood Floors, Floor Plan - Open
  • Window Features: Casement
  • Fireplaces Count: 2
  • Fireplace: Yes
  • Wall Ceiling Types: 9'+ Ceilings, Vaulted Ceilings, Tray Ceilings
  • Entry Location: Foyer
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Connecting Stairway, Outside Entrance, Fully Finished, Walkout Level
  • Living Area Units: Square Feet
  • Total Sq Ft: 4106
  • Living Area Sq Ft: 4106
  • Price Per Sq Ft: 306.38
  • Above Grade Finished Sq Ft: 2053
  • Below Grade Finished Sq Ft: 2053
  • Total Below Grade Sq Ft: 2053
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 502

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 2
  • Lower Level Bedroom: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Main Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Main Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Cedar
  • Dock Type: Single Slip
  • Construction Completed: No
  • Exterior Features: Extensive Hardscape, Private Beach
  • Roof: Shingle
  • View: Water
  • Water Access Features: Boat - Powered, Canoe/Kayak, Fishing Allowed, Private Access, Sail, Swimming Allowed, Waterski/Wakeboard
  • Water Access: Yes
  • Water Body Name: LAKE OF THE WOODS
  • Water Body Type: Lake
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes
  • Water Frontage In Feet: 24

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Garage, Attached, Gravel Driveway
  • Garage Features: Garage Door Opener, Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Off Street, Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C, Zoned
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s), Zoned
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 1340.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Baseball Field, Basketball Courts, Beach, Boat Ramp, Boat Dock/Slip, Club House, Common Grounds, Dining Rooms, Fitness Center, Gated Community, Golf Course, Golf Course Membership Available, Horse Trails, Jog/Walk Path, Lake, Meeting Room, Picnic Area, Pier/Dock, Pool - Outdoor, Putting Green, Riding/Stables, Swimming Pool, Soccer Field, Tennis Courts, Tot Lots/Playground, Water/Lake Privileges, Security
  • HOA Condo Co-Op Fee Includes: Management, Insurance, Pier/Dock Maintenance, Pool(s), Road Maintenance, Snow Removal, Security Gate
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: ORANGE COUNTY PUBLIC SCHOOLS
  • School District Key: 121141052477

Lot Info

  • Improvement Assessed Value: 240200.00
  • Land Assessed Value: 260000.00
  • Lot Size Acres: 0.31
  • Lot Size Area: 13620
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13620.00
  • Outdoor Living Structures: Deck(s), Patio(s)
  • Property Condition: Very Good
  • Year Assessed: 2012
  • Zoning: R3

Green Features

  • R Factor Ext Walls: R-15

Building Info

  • Builder Name: CHIP GOODRICH

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 18818204
  • Tax Annual Amount: 4021.61
  • Assessor Parcel Number: 000002853
  • Tax Lot: 22
  • Tax Total Finished Sq Ft: 2071
  • County Tax Payment Frequency: Annually
  • Tax Year: 2015
  • Close Date: 06/09/2016

Multi Family

  • Dock Slip Conveyance: Physical Dock/Slip Conveys
  • Mean Low Water Feet: 3
  • Waterfront Features: Private Dock Site, Shared

MLS Schools

  • School District Name: ORANGE COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 17, 2016
Closed on
Jun 6, 2016
Sold by
Goodrich Kenneth D and Goodrich Beverly J
Bought by
Gallet Michael J and Gallet Sandra L
Seller's Agent
Sharon Wilson
Pearson Smith Realty, LLC
Buyer's Agent
Patricia Licata
EXP Realty, LLC
List Price
$629,000
Sold Price
$612,000
Premium/Discount to List
-$17,000
-2.7%
Current Estimated Value
$958,825

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$346,825
Avg. Annual Appreciation
4.94%
Original Mortgage
$489,600
Outstanding Balance
$390,806
Interest Rate
3.66%
Mortgage Type
New Conventional
Estimated Equity
$568,019
Source: Public Records

Range of Values:

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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
Gallet Michael J $612,000 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gallet Michael J $489,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2016 06/09/16 Sold $612,000 -2.7% $149 / Sq Ft
04/30/2016 04/30/16 Pending -- -- --
04/17/2016 04/17/16 For Sale $629,000 -- $153 / Sq Ft
Source: Bright MLS

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 $4,567 $604,000 $260,000 $344,000
2023 $4,567 $604,000 $260,000 $344,000
2022 $4,567 $604,000 $260,000 $344,000
2021 $4,343 $603,200 $260,000 $343,200
2020 $4,343 $603,200 $260,000 $343,200
2019 $3,739 $465,000 $210,000 $255,000
2018 $3,739 $465,000 $210,000 $255,000
2017 $3,739 $465,000 $210,000 $255,000
2016 $3,739 $465,000 $210,000 $255,000
2015 $3,601 $500,200 $260,000 $240,200
2014 $3,601 $500,200 $260,000 $240,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1002408078

Bright MLS

APN: 012-A0-00-08-0022-0