NOT LISTED FOR SALE

5064 Richardson St Chincoteague Island, VA 23336

Estimated Value: $890,677 - $1,017,000

3 Beds
3 Baths
4,200 Sq Ft
$227/Sq Ft Est. Value

Last Sold April 19, 2021

Last sale price $575,000 $137 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $5,150/month

82 Days on Market

Highlights

  • Waterfront
  • Deck
  • Great Room
  • Cape Cod Architecture
  • Main Floor Bedroom
  • No HOA

About This Home

As of April 2021

Amazing space at the beach! This oversized home will wow you! Formal living room, great room, huge primary bedroom & bath is just a small list of the amenities that you will find in this home.

Last Agent to Sell the Property

Meghan Oliver Clarkson

LONG & FOSTER CHINCOTEAGUE License #0225085807 Listed on: 01/23/2021

LONG & FOSTER CHINCOTEAGUE

Last Buyer's Agent

Angie Abell

BEACH BAY REALTY, LLC License #0225042782

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2003

Lot Details

  • 10,000 Sq Ft Lot
  • Lot Dimensions are 100 x 100
  • Waterfront

Parking

  • 2 Car Garage

Home Design

  • Cape Cod Architecture
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 4,200 Sq Ft Home
  • 2-Story Property
  • Sheet Rock Walls or Ceilings
  • Double Pane Windows
  • Insulated Doors
  • Great Room
  • Dining Area
  • Crawl Space
  • Storm Doors
  • Dryer

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • 3 Full Bathrooms

Outdoor Features

  • Seawall
  • Deck

Schools

  • Chincoteague Elementary School
  • Chincoteague Combined Middle School
  • Chincoteague High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Richardson Landing Subdivision

Listing and Financial Details

  • Tax Lot 8
  • $445,200 per year additional tax assessments

Home Details

Home Type

Single Family

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.2296
  • Lot Size: 100 x 100
  • Water Body Name: Canal Front
  • Subdivision Name: Richardson Landing
  • Directions: From the bridge turn left onto Main St, travel south and turn right onto Richardson St. House is on left.
  • Architectural Style: Cape Cod
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 2003
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater, Range, Dryer, Refrigerator, Microwave, Dishwasher
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Door Features: Insulated Doors, Storm Door(s)
  • Entry Location: -
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Tile
  • Interior Amenities: Great Room, 1st Floor Bedroom
  • Living Area: 4200
  • Window Features: Double Pane Windows
  • Dining Room Features: Dining Area

Exterior Features

  • Lot Features: <.5 acre +/-
  • Waterfront Features: Water Front, Waterfront, Seawall
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Sheetrock
  • Foundation Details: Crawl Space
  • Patio And Porch Features: Deck
  • Property Condition: 5-15 yrs +/-
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Garage, Two Car
  • Total Parking Spaces: 2

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: No

Schools

  • Elementary School: Chincoteague
  • High School: Chincoteague
  • Middle Or Junior School: Chincoteague Combined

Lot Info

  • Lot Size Sq Ft: 10000
  • Farm Land Area Units: Square Feet
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Book Number: 2000 7923
  • Tax Lot: 8
  • Tax Map Number: 31B1-2-8
  • Tax Other Annual Assessment Amount: 445200

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2021
Closed on
Mar 17, 2021
Sold by
Olcese John P and Olcese Mary D
Bought by
Alloway Richard L
Seller's Agent
Meghan Oliver Clarkson
LONG & FOSTER CHINCOTEAGUE
Buyer's Agent
Angie Abell
BEACH BAY REALTY, LLC
List Price
$565,000
Sold Price
$575,000
Premium/Discount to List
$10,000
1.77%
Current Estimated Value
$931,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$356,646
Avg. Annual Appreciation
11.46%
Original Mortgage
$460,000
Outstanding Balance
$338,232
Interest Rate
2.3%
Mortgage Type
New Conventional
Estimated Equity
$615,187

Purchase Details

Closed on
Jan 1, 2000
Bought by
Olcese John P and Olcese Mary Diana
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Alloway Richard L $575,000 Nationwide Title Clearing Inc
Olcese John P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alloway Richard L $460,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/19/2021 04/19/21 Sold $575,000 +1.8% $137 / Sq Ft
04/16/2021 04/16/21 Pending -- -- --
01/23/2021 01/23/21 For Sale $565,000 -- $135 / Sq Ft
Source: Eastern Shore Association of REALTORS®

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
2025 $2,982 $778,700 $215,000 $563,700
2024 $2,982 $778,700 $215,000 $563,700
2023 $2,818 $606,000 $215,000 $391,000
2022 $2,818 $606,000 $215,000 $391,000
2021 $2,137 $445,200 $215,000 $230,200
2020 $2,137 $445,200 $215,000 $230,200
2019 $2,052 $427,400 $215,000 $212,400
2018 $2,052 $427,400 $215,000 $212,400
2017 $2,196 $448,100 $223,500 $224,600
2016 $2,196 $448,100 $223,500 $224,600
2015 $2,271 $463,500 $237,500 $226,000
2014 $2,271 $463,500 $237,500 $226,000
2013 -- $471,300 $237,500 $233,800
Source: Public Records

Agents Affiliated with this Home

  • Meghan Oliver Clarkson

    Seller's Agent in 2021

    Meghan Oliver Clarkson

    LONG & FOSTER CHINCOTEAGUE

    (757) 894-0798

    279 in this area

    666 Total Sales

    Meghan Oliver Clarkson
    Section Image
  • Angie Abell

    Buyer's Agent in 2021

    Angie Abell

    BEACH BAY REALTY, LLC

    (757) 710-1598

    193 in this area

    268 Total Sales

    Angie Abell
    Section Image
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Map

Source: Eastern Shore Association of REALTORS®

MLS Number: 53121

APN: 031-B1-02-00-0008-00

Virginia Accomack County Chincoteague Island 23336

5064 Richardson St, Chincoteague Island, VA

Not Listed for Sale

Detached

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