NOT LISTED FOR SALE

502 Settlement Dr Williamsburg, VA 23188

New Town Neighborhood

Estimated Value: $194,864 - $240,000

1 Bed
1 Bath
880 Sq Ft
$242/Sq Ft Est. Value

Last Sold June 09, 2023

Last sale price $185,000 $210 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $1,339/month

4 Days on Market

Highlights

  • Community Lake
  • Clubhouse
  • Front Porch
  • Berkeley Middle School Rated A-
  • Transitional Architecture
  • Patio

About This Home

As of June 2023

Looking for a cozy and convenient first-level home with an ideal location? Step inside to discover an open and inviting layout in this 1BR, 1BA condo. With durable LVP flooring, this unit is easy to maintain and perfect for anyone looking for low-maintenance living. Plus, the utility costs, City of Williamsburg taxes, and HOA dues that include water and trash help keep your costs low. The in-unit washer and dryer provide added convenience, while the lovely patio is perfect for enjoying your morning coffee or unwinding after a long day.

But the perks don't end there - this condo is located in a community that offers a fabulous clubhouse and pond for residents to enjoy. Whether you're looking to host a gathering with friends or simply relax and take in the beautiful surroundings, this community has it all.

Last Agent to Sell the Property

Courtney Martinez

Liz Moore & Associates-2 License #0225071719 Listed on: 05/04/2023

Liz Moore & Associates-2

Last Buyer's Agent

Non-Member Non-Member

Williamsburg Multiple Listing Service

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $965

Year Built

  • Built in 2001

Lot Details

  • 771 Sq Ft Lot

HOA Fees

  • $210 Monthly HOA Fees

Home Design

  • Transitional Architecture
  • Property Attached
  • Entry on the 1st floor
  • Slab Foundation
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 880 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Dining Area
  • No Attic

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • Visitor Parking
  • Assigned Parking

Outdoor Features

  • Patio
  • Front Porch

Schools

  • Clara Byrd Baker Elementary School
  • Berkeley Middle School
  • Lafayette High School

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 372-06-08-502

Community Details

Overview

  • Association fees include clubhouse, comm area maintenance, common area, community utilities, exterior maintenance, landscaping, management fees, trash removal, water
  • Association Phone (757) 229-6810
  • Bristol Commons Subdivision
  • Property managed by Evernest
  • Community Lake

Amenities

  • Common Area
  • Clubhouse
  • Community Center

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$965

Year Built

Built in 2001

Lot Details

0

HOA Fees

$210 per month

Listing Details

  • Zoning: RM-2
  • Property Type: Residential
  • Property Sub Type: Attached
  • Style: Transitional
  • Structure: Frame
  • Price Per Finished Sq Ft: 210.23
  • Appliances Equipment: Dishwasher, Dryer, Electric Cooking, Microwave, Range, Refrigerator, Washer
  • Total Bathrooms: 1.00
  • County Or City: Williamsburg
  • Parcel Number: 372-06-08-502
  • Siding: Vinyl
  • SP/ Sq Ft: 210.23
  • Year Built Description: Actual
  • Acres: 0.0177
  • Total Sq Ft: 880
  • Unit Level: 1
  • Street View Param: 1$37.287154$-76.729532$235.90$13.33$1.00$awu3uPrpIxvlL5NlvHxtPg
  • Year Built: 2001
  • Attribution Contact: (757) 229-4400
  • CombinedMonthlyFeesAmt: 210.00
  • Directions: Ironbound to Bristol Commons, left on Settlement
  • FILLSUBDIVISION: Bristol Commons
  • Special Features: None
  • Stories: 1
  • Year Built: 2001

Interior Features

  • Number of Rooms: 4
  • Basement Type: Slab
  • Flooring: Carpet, Vinyl
  • Attic: No Attic
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Level 1 Full Bathrooms: 1
  • Interior: Ceiling Fan, Dining Area, Pantry
  • Number Of Levels: 1.00
  • Post Office: Williamsburg

Exterior Features

  • Exterior: Front Porch, Patio
  • Roof: Asphalt Shingle

Garage/Parking

  • Parking: Assigned, Visitor

Utilities

  • Heating Fuel: Electric
  • Heating: Heat Pump
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Condo/Co-op/Association

  • Amenities: Clubhouse, Common Area, Community Room, Lake/Pond, Professional Mgmt
  • Fee Includes: Clubhouse, Comm Area Maintenance, Common Area, Community Utilities, Exterior Maintenance, Landscaping, Management Fees, Trash Removal, Water

Schools

  • Elementary School: Clara Byrd Baker
  • High School: Lafayette
  • Middle School: Berkeley

Rental Info

  • Minimum Deposit: 1000

Multi Family

  • Management Firm: Evernest
  • Management Phone: 757-229-6810

Tax Info

  • Annual Taxes: 965.00
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2023
Closed on
May 12, 2023
Sold by
Moore Nanette Marie
Bought by
Career Melissa
Seller's Agent
Courtney Martinez
Liz Moore & Associates-2
Buyer's Agent
Non-Member Non-Member
Williamsburg Multiple Listing Service
List Price
$180,000
Sold Price
$185,000
Premium/Discount to List
$5,000
2.78%
Views
70
Current Estimated Value
$198,166

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,166
Avg. Annual Appreciation
5.63%

Purchase Details

Closed on
Nov 19, 2015
Sold by
Branch Banking And Trust Company
Bought by
Moore Nanette Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,150
Interest Rate
3.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 21, 2015
Sold by
Hill Sub Tr Robert B
Bought by
Branch Banking And Trust Compa
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Career Melissa $185,000 Stewart Title Guaranty Company
Moore Nanette Marie $95,000 Attorney
Branch Banking And Trust Compa $106,250 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Moore Nanette Marie $92,150
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/09/2023 06/09/23 Sold $185,000 +2.8% $210 / Sq Ft
05/08/2023 05/08/23 Pending -- -- --
05/04/2023 05/04/23 For Sale $180,000 -- $205 / Sq Ft
Source: Williamsburg Multiple Listing Service

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 $1,056 $170,400 $11,100 $159,300
2023 $965 $155,600 $11,100 $144,500
2022 $854 $137,700 $0 $137,700
2021 $688 $114,600 $0 $114,600
2020 $673 $112,200 $0 $112,200
2019 $728 $121,400 $0 $121,400
2018 $692 $114,900 $0 $114,900
2017 $655 $117,200 $0 $117,200
2016 $645 $113,100 $0 $113,100
2015 $645 $108,900 $0 $108,900
2014 $645 $113,100 $0 $113,100
Source: Public Records

Agents Affiliated with this Home

  • Courtney Martinez

    Seller's Agent in 2023

    Courtney Martinez

    Liz Moore & Associates-2

    (757) 871-7342

    10 in this area

    170 Total Sales

    Courtney Martinez
    Section Image

  • N

    Buyer's Agent in 2023

    Non-Member Non-Member

    VA_WMLS

See All Agents

Map

Source: Williamsburg Multiple Listing Service

MLS Number: 2301301

Williamsburg Multiple Listing Service

APN: 3208.942.938

Virginia Williamsburg County Williamsburg 23188 New Town

502 Settlement Dr, Williamsburg, VA

Not Listed for Sale

MultiFamily

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