NOT LISTED FOR SALE

503 Lakeview Cove Smithfield, VA 23430

Estimated Value: $251,000 - $275,000

3 Beds
2.5 Baths
1,220 Sq Ft
$216/Sq Ft Est. Value

Last Sold June 16, 2023

Last sale price $245,000 $201 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $1,713/month

1 Day on Market

Highlights

  • Waterfront
  • Kitchen Island
  • Ceiling Fan
  • Walk-In Closet
  • Forced Air Heating and Cooling System
  • Carpet

About This Home

As of June 2023

Modern 2 story concept with a well designed kitchen opens to adjoining living and dining areas. White Cabinets and stainless steel appliances, Center island serves as storage and practical prep station. Owner's Bedroom with private bath and walk in closest, plus 2 guest bedrooms with hall bath and laundry closet. Community amenities include Clubhouse, Exercise Room, Pool, Pier, Ground Maintenance. Peaceful views of lake. Short commute to Norfolk Naval & Newport News Shipyard while enjoying the tranquility of historic Smithfield. Virtual staging for illustration purposes.

Last Agent to Sell the Property

Sharon Evans

Better Homes & Gardens R.E. License #0225026063 Listed on: 05/19/2023

Better Homes & Gardens R.E.

Last Buyer's Agent

Non-Member Non-Member

Williamsburg MLS

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,464

Year Built

  • Built in 2019

Lot Details

  • 579 Sq Ft Lot
  • Waterfront

HOA Fees

  • $210 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,220 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Attic Access Panel
  • Washer

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Parking

  • Driveway
  • Off-Street Parking

Schools

  • Westside Elementary School
  • Smithfield Middle School
  • Smithfield High School

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • Association fees include clubhouse, landscaping, pool, water, water access, yard maintenance
  • Association Phone (757) 484-0706
  • Property managed by United Property Associates

Listing and Financial Details

  • Assessor Parcel Number 22-11-503

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,464

Year Built

Built in 2019

Lot Details

579 Sq Ft Lot

HOA Fees

$210 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Attached
  • Style: Townhouse
  • Structure: Frame
  • Price Per Finished Sq Ft: 200.82
  • Appliances Equipment: Dishwasher, Disposal, Electric Cooking, Microwave, Range, Refrigerator, Washer
  • Total Bathrooms: 2.10
  • County Or City: Isle of Wight
  • Neighborhood Name: Lakeview Cove
  • Parcel Number: 22-11-503
  • Siding: Vinyl
  • SP/ Sq Ft: 200.82
  • Year Built Description: Actual
  • Acres: 0.0133
  • Total Sq Ft: 1220
  • Street View Param: 1$36.981976$-76.60359$92.27$13.33$1.00$WZkIHxAk3Aa9nK1AAi7AKA
  • Year Built: 2019
  • CombinedMonthlyFeesAmt: 210.00
  • Directions: 503 Lakeview Cove, Smithfield, VA 23430, Isle of Wight County VA
  • Special Features: None
  • Stories: 2
  • Year Built: 2019

Interior Features

  • Number of Rooms: 6
  • Basement Type: Slab
  • Flooring: Carpet, Vinyl
  • Attic: Access Panel
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Level 2 Full Bathrooms: 2
  • Level 1 Half Bathroom: 1
  • Interior: Ceiling Fan, Dryer Hookup, Island, Walk-In Closet, Washer Hookup
  • Number Of Levels: 2.00
  • Post Office: Smithfield

Exterior Features

  • Roof: Asphalt Shingle
  • Waterfront: Yes

Garage/Parking

  • Parking: Off Street, Paved Driveway

Utilities

  • Heating Fuel: Electric
  • Heating: Forced Hot Air
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water: Public Water

Condo/Co-op/Association

  • Fee Description: Condo Association
  • Fee Includes: Clubhouse, Landscaping, Pool, Water, Water Access, Yard Maintenance

Schools

  • Elementary School: Westside
  • High School: Smithfield
  • Middle School: Smithfield

Multi Family

  • Management Firm: United Property Associates
  • Management Phone: 757-484-0706

Tax Info

  • Annual Taxes: 1464.00
  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 12, 2025
Sold by
Kolk Jessica M and Wheeler Jessica M
Bought by
Russell Katie
Current Estimated Value
$263,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,381
Outstanding Balance
$250,142
Interest Rate
6.22%
Mortgage Type
FHA
Estimated Equity
$13,820

Purchase Details

Listed on
May 19, 2023
Closed on
Jun 15, 2023
Sold by
Barrezueta Ernesto
Bought by
Wheeler Jessica M
Seller's Agent
Sharon Evans
Better Homes & Gardens R.E.
Buyer's Agent
Non-Member Non-Member
Williamsburg MLS
List Price
$238,000
Sold Price
$245,000
Premium/Discount to List
$7,000
2.94%
Views
42

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.76%
Original Mortgage
$240,562
Interest Rate
6.35%
Mortgage Type
FHA
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
Russell Katie $255,000 Chicago Title
Wheeler Jessica M $245,000 Fidelity National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Russell Katie $250,381
Previous Owner Wheeler Jessica M $240,562
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/16/2023 06/16/23 Sold $245,000 +2.9% $201 / Sq Ft
05/20/2023 05/20/23 Pending -- -- --
05/19/2023 05/19/23 For Sale $238,000 -- $195 / Sq Ft
Source: Williamsburg Multiple Listing Service

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 $1,744 $225,000 $0 $225,000
2024 $1,643 $225,000 $0 $225,000
2023 $1,652 $225,000 $0 $225,000
2022 $1,463 $165,800 $0 $165,800
2021 $1,463 $165,800 $0 $165,800
2020 $1,463 $165,800 $0 $165,800
2019 $1,463 $165,800 $0 $165,800
Source: Public Records

Agents Affiliated with this Home

  • Sharon Evans

    Seller's Agent in 2023

    Sharon Evans

    Better Homes & Gardens R.E.

    (757) 713-3210

    4 in this area

    137 Total Sales

    Sharon Evans
    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: 2301518

Williamsburg Multiple Listing Service

APN: 22-11-503

Virginia Isle Of Wight County Smithfield 23430

503 Lakeview Cove, Smithfield, VA

Not Listed for Sale

Townhouses

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