NOT LISTED FOR SALE

506 Settlement Dr Williamsburg, VA 23188

New Town Neighborhood

Estimated Value: $258,840 - $266,000

2 Beds
2.5 Baths
1,120 Sq Ft
$234/Sq Ft Est. Value

Last Sold March 13, 2015

Last sale price $149,000 $133 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $1,662/month

11 Days on Market

Highlights

  • Clubhouse
  • Porch
  • Central Air
  • Berkeley Middle School Rated A-
  • Walk-In Closet
  • Ceiling Fan

About This Home

As of March 2015

CORNER CONDO OFFERING 2 BEDROOMS, 2.5 BATHS, OPEN FLOOR PLAN W CASUAL DINING, NEWER CARPET/VINYL FLOORS, FRESHLY PAINTED,NEW HARDWARE IN KITCHEN/BATHS, NEW REFRIGERATOR, AND ALL APPLIANCES CONVEY. OUTSIDE LIVING AREAS INCLUDE A PRIVATE FENCED PATIO & FRONT PORCH.WALKING DISTANCE TO COLONIAL WILLIAMSBURG & SHOPPING.

Last Agent to Sell the Property

Kelly Corbett

Long & Foster Real Estate, Inc. License #0225086734 Listed on: 01/12/2015

Last Buyer's Agent

Non-Member Non-Member

Williamsburg Multiple Listing Service

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $803

Year Built

  • Built in 2001

HOA Fees

  • $174 Monthly HOA Fees

Home Design

  • Property Attached
  • Fire Rated Drywall
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,120 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Dining Area
  • Attic Access Panel
  • Fire and Smoke Detector

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Laminate Countertops
  • Disposal

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Visitor Parking
  • Assigned Parking

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Porch
  • Lower Level

Listing and Financial Details

  • Assessor Parcel Number 3720608506

Community Details

Overview

  • Association fees include exterior maintenance, yard maintenance
  • Property managed by CHESAPEAKE BAY MGT

Amenities

  • Clubhouse

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$803

Year Built

Built in 2001

Lot Details

0

HOA Fees

$174 per month

Listing Details

  • Restrictions: Subdiv Restrictions
  • Zoning: RM-2
  • Property Type: Residential
  • Property Sub Type: Attached
  • Structure: Frame
  • Price Per Finished Sq Ft: 133.04
  • Appliances Equipment: Dishwasher, Disposal, Dryer, Electric Cooking, Microwave, Refrigerator, Smoke Alarm, Washer
  • Total Bathrooms: 2.10
  • County Or City: Williamsburg
  • Parcel Number: 3720608506
  • Siding: Vinyl
  • Unit Placement: Lower Level
  • Wall Type: Drywall
  • Res Type: Res-Single Family
  • Total Sq Ft: 1120
  • Year Built: 2001
  • Special Features: None
  • Stories: 2

Interior Features

  • Number of Rooms: 5
  • Flooring: Carpet, Vinyl
  • Attic: Access Panel
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Interior: Ceiling Fan, Countertops - Laminate, Dining Area, Dryer Hookup, Walk-In Closet, Washer Hookup
  • Number Of Levels: 2.00
  • Post Office: Williamsburg

Exterior Features

  • Exterior: Out Building, Porch
  • Roof: Composite

Garage/Parking

  • Number Of Parking Spaces Available: 1
  • 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
  • Fee: 174.00
  • Fee Includes: Exterior Maintenance, Yard Maintenance
  • Fee Period: Monthly

Lot Info

  • Lot Dimensions: Corner Unit

Rental Info

  • Deposit: 1000
  • Minimum Deposit: 1000

Multi Family

  • Management Firm: CHESAPEAKE BAY MGT
  • Management Phone: CHESAPEAKE BAY

Tax Info

  • Annual Taxes: 803.00
  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2015
Closed on
Mar 2, 2015
Sold by
Walker Jeffrey K
Bought by
Payne Richard A
Seller's Agent
Kelly Corbett
Long & Foster Real Estate, Inc.
Buyer's Agent
Non-Member Non-Member
Williamsburg Multiple Listing Service
List Price
$159,000
Sold Price
$149,000
Premium/Discount to List
-$10,000
-6.29%
Current Estimated Value
$262,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,210
Avg. Annual Appreciation
5.36%
Original Mortgage
$119,200
Outstanding Balance
$91,262
Interest Rate
3.67%
Mortgage Type
New Conventional
Estimated Equity
$170,949
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
Payne Richard A $149,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Payne Richard A $119,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/13/2015 03/13/15 Sold $149,000 -6.3% $133 / Sq Ft
01/23/2015 01/23/15 Pending -- -- --
01/12/2015 01/12/15 For Sale $159,000 -- $142 / 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 $1,421 $229,200 $11,100 $218,100
2023 $1,136 $183,200 $11,100 $172,100
2022 $1,102 $177,800 $0 $177,800
2021 $965 $160,800 $0 $160,800
2020 $892 $148,600 $0 $148,600
2019 $943 $157,100 $0 $157,100
2018 $895 $148,600 $0 $148,600
2017 $847 $151,700 $0 $151,700
2016 $834 $146,300 $0 $146,300
2015 $834 $140,800 $0 $140,800
2014 $834 $146,300 $0 $146,300
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2015

    Kelly Corbett

    Long & Foster

    Section Image

  • N

    Buyer's Agent in 2015

    Non-Member Non-Member

    VA_WMLS

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Map

Source: Williamsburg Multiple Listing Service

MLS Number: 30044200

Williamsburg Multiple Listing Service

APN: 3208.893.965

Virginia Williamsburg County Williamsburg 23188 New Town

506 Settlement Dr, Williamsburg, VA

Not Listed for Sale

MultiFamily

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