NOT LISTED FOR SALE

506 Cornwallis Ave Locust Grove, VA 22508

Estimated Value: $717,000 - $828,000

3 Beds
2 Baths
2,080 Sq Ft
$381/Sq Ft Est. Value

Last Sold September 06, 2012

Last sale price $365,000 $175 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $4,601/month

Highlights

  • Concierge
  • Boat Ramp
  • Beach
  • 40 Feet of Waterfront
  • 1 Boat Dock
  • Pier

About This Home

As of September 2012

Lake Cottage where memories are made.Beautiful view, private boat dock, covered porch overlooking lake. Great Rm w/wood burning fireplace, breakfast bar, 2 car garage. New Carpet in main living area. Family Rm Lower Lvl. Seller offering adjoining lake lot (Lot 19 Sec 8) for $209,900 OR7881962 If purchased together, discount will be offered

Last Agent to Sell the Property

Joyce Henson

c21henson@aol.com Century 21 Redwood Realty Listed on: 07/10/2012

Century 21 Redwood Realty

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

  • $2,051

Year Built

  • Built in 1980

Lot Details

  • 0.31 Acre Lot
  • 40 Feet of Waterfront
  • Home fronts navigable water
  • Southeast Facing Home
  • Partially Wooded Lot
  • Backs to Trees or Woods
  • Property is zoned R3

HOA Fees

  • $100 Monthly HOA Fees

Home Design

  • Raised Ranch Architecture
  • Frame Construction

Interior Spaces

  • Property has 2 Levels
  • Ceiling Fan
  • Fireplace With Glass Doors
  • Fireplace Mantel
  • Family Room
  • Combination Dining and Living Room
  • Water Views

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Stove
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Connecting Stairway
  • Exterior Basement Entry
  • Natural lighting in basement

Parking

  • Garage
  • Front Facing Garage

Outdoor Features

  • Pier
  • Water Access
  • Bulkhead
  • Physical Dock Slip Conveys
  • 1 Boat Dock
  • Dock Against Bulkhead
  • 2 Powered Boats Permitted
  • 6 Non-Powered Boats Permitted
  • Lake Privileges
  • Deck
  • Wrap Around Porch

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 000002851

Community Details

Overview

  • Association fees include common area maintenance, management, insurance, reserve funds, road maintenance, snow removal
  • Lake Of The Woods Subdivision
  • The community has rules related to building or community restrictions, covenants
  • Community Lake

Amenities

  • Concierge
  • Picnic Area
  • Common Area
  • Clubhouse
  • Community Center
  • Party Room
  • Community Library
  • Recreation Room
  • Bar or Lounge
  • Community Storage Space

Recreation

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

Security

  • Security Service
  • Fenced around community
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,051

Year Built

Built in 1980

Lot Details

0

HOA Fees

$100 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Raised Ranch/Rambler
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1980
  • Remarks Public: Lake Cottage where memories are made.Beautiful view, private boat dock, covered porch overlooking lake. Great Rm w/wood burning fireplace, breakfast bar, 2 car garage. New Carpet in main living area. Family Rm Lower Lvl. Seller offering adjoining lake lot (Lot 19 Sec 8) for $209,900 OR7881962 If purchased together, discount will be offered
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Dishwasher, Disposal, Dryer, Oven/Range - Electric, Refrigerator, Stove, Washer
  • Interior Amenities: Breakfast Area, Combination Dining/Living, Entry Level Bedroom
  • Fireplace Features: Fireplace - Glass Doors, Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Bedroom 1, Laundry, Bedroom 6
  • Basement: Yes
  • Basement Type: Connecting Stairway, Daylight, Full, Full, Outside Entrance, Partially Finished, Walkout Level
  • Living Area Units: Square Feet
  • Total Sq Ft: 2080
  • Living Area Sq Ft: 2080
  • Price Per Sq Ft: 292.23
  • Above Grade Finished Sq Ft: 1300
  • Below Grade Finished Sq Ft: 780
  • Total Below Grade Sq Ft: 780
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 506

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Frame
  • Dock Type: Pier (Perpendicular)
  • Construction Completed: No
  • View: Water
  • Water Access: Yes
  • Water Body Name: LAKE OF THE WOODS
  • Waterfront: Yes
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Water View: Yes
  • Water Frontage In Feet: 40

Garage/Parking

  • Garage: No
  • Parking Features: Garage
  • Garage Features: Garage - Front Entry

Utilities

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

Condo/Co-op/Association

  • HOA Fees: 1195.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Bar/Lounge, Baseball Field, Basketball Courts, Beach, Boat Ramp, Boat Dock/Slip, Club House, Common Grounds, Community Center, Concierge, Exercise Room, Extra Storage, Fencing, Gated Community, Golf Course Membership Available, Horse Trails, Jog/Walk Path, Lake, Library, Mooring Area, Non-Lake Recreational Area, Party Room, Picnic Area, Pier/Dock, Pool Mem Avail, Pool - Outdoor, Putting Green, Recreational Center, Riding/Stables, Security, Soccer Field, Tennis Courts, Tot Lots/Playground, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Insurance, Reserve Funds, Road Maintenance, Snow Removal
  • HOA Condo Co-Op Rules: Building Restrictions, Covenants, Fencing, Pets - Area, Restrictions
  • HOA: Yes

Lot Info

  • Improvement Assessed Value: 155725.00
  • Land Assessed Value: 267175.00
  • Lot Features: Backs To Trees, Bulkheaded, Partly Wooded, Trees/Wooded
  • Lot Size Acres: 0.31
  • Lot Size Area: 13620
  • Lot Dimensions: LotWidth:87 X LotDepth:250
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13620.00
  • Outdoor Living Structures: Deck(s), Wrap Around, Roof
  • Year Assessed: 2011
  • Zoning: R3

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 18818203
  • Tax Annual Amount: 2050.65
  • Assessor Parcel Number: 000002851
  • Tax Lot: 20
  • Tax Total Finished Sq Ft: 1300
  • County Tax Payment Frequency: Annually
  • Tax Year: 2011
  • Close Date: 09/06/2012

Multi Family

  • Dock Slip Conveyance: Physical Dock/Slip Conveys
  • Mean Low Water Feet: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 24, 2023
Sold by
Carl L Vacketta Revocable Trust and Vacketta Carl L
Bought by
David Brian Joseph and David Cathleen
Current Estimated Value
$792,169

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Outstanding Balance
$548,831
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$243,338

Purchase Details

Listed on
Jul 10, 2012
Closed on
Sep 6, 2012
Sold by
Nunes Morris A
Bought by
Vacketta Carl L and The Carl L Vacketta Revocable Trust
Seller's Agent
Joyce Henson
Century 21 Redwood Realty
Buyer's Agent
Patricia Licata
EXP Realty, LLC
List Price
$379,900
Sold Price
$365,000
Premium/Discount to List
-$14,900
-3.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.10%

Purchase Details

Closed on
Oct 22, 2010
Sold by
Nunes Morris A
Bought by
Nunes Morris A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
3.25%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
David Brian Joseph $750,000 Old Republic National Title
Vacketta Carl L $635,000 Carteret Title
Nunes Morris A -- Germanna Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open David Brian Joseph $562,500
Previous Owner Nunes Morris A $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2012 09/06/12 Sold $365,000 -3.9% $175 / Sq Ft
08/09/2012 08/09/12 Pending -- -- --
07/10/2012 07/10/12 For Sale $379,900 -- $183 / 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 $3,613 $469,500 $260,000 $209,500
2023 $3,613 $469,500 $260,000 $209,500
2022 $3,613 $469,500 $260,000 $209,500
2021 $3,468 $481,700 $260,000 $221,700
2020 $3,468 $481,700 $260,000 $221,700
2019 $3,289 $409,100 $210,000 $199,100
2018 $3,289 $409,100 $210,000 $199,100
2017 $3,289 $409,100 $210,000 $199,100
2016 $3,289 $409,100 $210,000 $199,100
2015 -- $422,900 $260,000 $162,900
2014 -- $422,900 $260,000 $162,900
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Joyce Henson

    Century 21 Redwood Realty

    Section Image
  • Patricia Licata

    Buyer's Agent in 2012

    Patricia Licata

    EXP Realty, LLC

    (540) 735-7998

    370 Total Sales

    Patricia Licata
    Section Image
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Map

Source: Bright MLS

MLS Number: 1004071106

Bright MLS

APN: 012-A0-00-08-0020-0

Virginia Orange County Locust Grove 22508

506 Cornwallis Ave, Locust Grove, VA

This home is located at 506 Cornwallis Ave, Locust Grove, VA 22508 since 10 July 2012 and is currently estimated at $792,169, approximately $380 per square foot. This property was built in 1980. 506 Cornwallis Ave is a home located in Orange County with nearby schools including Locust Grove Elementary School, Locust Grove Primary School, and Locust Grove Middle School.

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