NOT LISTED FOR SALE

507 Cornwallis Ave Locust Grove, VA 22508

Estimated Value: $355,000 - $433,000

3 Beds
2 Baths
2,735 Sq Ft
$145/Sq Ft Est. Value

Last Sold July 29, 2022

Last sale price $313,000 $114 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $2,400/month

5 Days on Market

Highlights

  • Marina
  • Golf Club
  • Bar or Lounge
  • Boat Ramp
  • Community Stables
  • Fitness Center

About This Home

As of July 2022

Walk to the beach from this fine home with tons of charm, and where pride of ownership shows! You'll love the hardwood floors almost everywhere, spacious rooms, built-ins, spectacular sunroom, and private backyard! Gorgeous kitchen with an abundance of cabinets perfect for many chefs, convenient one-level living, a bonus huge workshop/flex space, and low-maintenance lot are sure to please! Feel like venturing out? A private, gated, secured community, Lake of the Woods offers anything and everything you could possibly want. Home to two lakes (the 550 acre main lake and a 35 acre "fishing lake"), a golf course, an equestrian center, a fire and rescue department, and a church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, waterskiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your own deck or yard, or from one of the beaches, you won't be disappointed! Perhaps you'd like a game of bridge or volunteering your time and talents...Lake of the Woods offers more than 60 clubs and/or organizations from which you may choose to become involved. Located in Orange County, we are fortunate to enjoy low real estate taxes. Coupled with home prices ranging from the $200,000s to over $2,000,000, Lake of the Woods is the perfect community for both full-time residents, as well as weekenders. But don't take my word for it, please come see for yourself! I will gladly give you a tour of Lake of the Woods by boat and by car so that you may experience why I love Lake of the Woods!

Last Agent to Sell the Property

Patricia Licata

(540) 735-7998 pat@licatagroup.com EXP Realty, LLC License #0225197494 Listed on: 07/07/2022

EXP Realty, LLC

Last Buyer's Agent

Peggy Lowe

peggylowerealtor@gmail.com Samson Properties License #0225050007

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,730

Year Built

  • Built in 1980

Lot Details

  • 0.32 Acre Lot
  • Landscaped
  • Private Lot
  • Back and Front Yard
  • Property is in excellent condition
  • Property is zoned R3

HOA Fees

  • $154 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • 4 Driveway Spaces
  • Side Facing Garage
  • Gravel Driveway

Home Design

  • Rambler Architecture
  • Wood Siding

Interior Spaces

  • 2,735 Sq Ft Home
  • Property has 1 Level
  • Open Floorplan
  • Built-In Features
  • Skylights
  • Fireplace With Glass Doors
  • Gas Fireplace
  • Double Pane Windows
  • Sliding Doors
  • Atrium Doors
  • Six Panel Doors
  • Entrance Foyer
  • Living Room
  • Dining Room
  • Workshop
  • Sun or Florida Room
  • Views of Woods
  • Crawl Space

Kitchen

  • Built-In Double Oven
  • Cooktop
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Solid Hardwood
  • Tile or Brick
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

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

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Lake Privileges

Schools

  • Locust Grove Elementary And Middle School
  • Orange Co. High School

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Powered By Leased Propane
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 1960
  • Assessor Parcel Number 012A0000801960

Community Details

Overview

  • Association fees include common area maintenance, management, pier/dock maintenance, pool(s), reserve funds, road maintenance, security gate, recreation facility, snow removal
  • Lowa HOA, Phone Number (540) 972-2237
  • Lake Of The Woods Subdivision
  • Community Lake

Amenities

  • Picnic Area
  • Common Area
  • Gift Shop
  • Clubhouse
  • Community Center
  • Meeting Room
  • Party Room
  • Community Dining Room
  • Recreation Room
  • Bar or Lounge
  • Community Storage Space

Recreation

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

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,730

Year Built

Built in 1980

Lot Details

0

HOA Fees

$154 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Historic: No
  • Home Warranty: No
  • New Construction: No
  • Story List: Main
  • Federal Flood Zone: No
  • Year Built: 1980
  • Remarks Public: Walk to the beach from this fine home with tons of charm, and where pride of ownership shows! You'll love the hardwood floors almost everywhere, spacious rooms, built-ins, spectacular sunroom, and private backyard! Gorgeous kitchen with an abundance of cabinets perfect for many chefs, convenient one-level living, a bonus huge workshop/flex space, and low-maintenance lot are sure to please! Feel like venturing out? A private, gated, secured community, Lake of the Woods offers anything and everything you could possibly want. Home to two lakes (the 550 acre main lake and a 35 acre "fishing lake"), a golf course, an equestrian center, a fire and rescue department, and a church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, waterskiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your own deck or yard, or from one of the beaches, you won't be disappointed! Perhaps you'd like a game of bridge or volunteering your time and talents...Lake of the Woods offers more than 60 clubs and/or organizations from which you may choose to become involved. Located in Orange County, we are fortunate to enjoy low real estate taxes. Coupled with home prices ranging from the $200,000s to over $2,000,000, Lake of the Woods is the perfect community for both full-time residents, as well as weekenders. But don't take my word for it, please come see for yourself! I will gladly give you a tour of Lake of the Woods by boat and by car so that you may experience why I love Lake of the Woods!
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Appliances: Cooktop, Dishwasher, Disposal, Dryer, Oven - Double, Oven - Wall, Refrigerator, Washer, Water Heater
  • Flooring Type: Ceramic Tile, Solid Hardwood, Tile/Brick, Vinyl
  • Interior Amenities: Dining Area, Floor Plan - Open, Kitchen - Island, Primary Bath(s), Skylight(s), Built-Ins, Entry Level Bedroom, Wood Floors
  • Window Features: Double Pane, Skylights
  • Fireplace Features: Gas/Propane, Fireplace - Glass Doors
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: Atrium, Six Panel, Sliding Glass
  • Foundation Details: Crawl Space
  • Levels Count: 1
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Foyer, Sun/Florida Room, Workshop, Bathroom 2
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 2735
  • Living Area Sq Ft: 2735
  • Price Per Sq Ft: 118.79
  • Above Grade Finished Sq Ft: 2735
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 507

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: Wood Siding
  • Spa: No
  • View: Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Gravel Driveway
  • Garage Features: Garage - Side Entry
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 4

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Propane - Leased, 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: 1846.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Bar/Lounge, Baseball Field, Basketball Courts, Beach, Boat Dock/Slip, Boat Ramp, Club House, Common Grounds, Community Center, Dining Rooms, Extra Storage, Fitness Center, Gated Community, Gift Shop, Golf Course, Golf Course Membership Available, Horse Trails, Jog/Walk Path, Lake, Marina/Marina Club, Meeting Room, Mooring Area, Party Room, Picnic Area, Pier/Dock, Pool - Outdoor, Putting Green, Recreational Center, Riding/Stables, Security, Soccer Field, Swimming Pool, Tennis Courts, Tot Lots/Playground, Volleyball Courts, Water/Lake Privileges, Dog Park, Golf Club, Non-Lake Recreational Area
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Management, Pier/Dock Maintenance, Pool(s), Reserve Funds, Road Maintenance, Security Gate, Recreation Facility, Snow Removal
  • HOA Name: LOWA
  • HOA Phone: 540-972-2237
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No
  • Community Pool Features: In Ground, Fenced

Fee Information

  • Loss Mitigation Fee?: No

Schools

  • School District: ORANGE COUNTY PUBLIC SCHOOLS
  • Elementary School: LOCUST GROVE
  • Middle School: LOCUST GROVE
  • High School: ORANGE CO.
  • Elementary School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121141052477
  • School District Source: Listing Agent
  • Elementary School: LOCUST GROVE
  • High School: ORANGE CO.
  • Middle Or Junior School: LOCUST GROVE

Lot Info

  • Horses: No
  • Additional Parcels: No
  • Improvement Assessed Value: 200700.00
  • Land Assessed Value: 30000.00
  • Land Use Code: 017
  • Lot Features: Front Yard, Landscaping, Private, Rear Yard
  • Lot Size Acres: 0.32
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 13939.20
  • Property Condition: Excellent
  • Year Assessed: 2022
  • Zoning: R3
  • In City Limits: No

Green Features

  • Clean Green Assessed: No

Rental Info

  • Ground Rent Exists: No
  • Lease Considered: No
  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 18816867
  • Tax Annual Amount: 1730.00
  • Assessor Parcel Number: 012A0000801960
  • Tax Lot: 1960
  • Tax Total Finished Sq Ft: 2343
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 07/29/2022

MLS Schools

  • School District Name: ORANGE COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2022
Closed on
Jul 29, 2022
Sold by
Ronald Tipton
Bought by
Mccoy Kenneth Elvin and Bell Candace Lee
Seller's Agent
Patricia Licata
EXP Realty, LLC
Buyer's Agent
Peggy Lowe
Samson Properties
List Price
$324,900
Sold Price
$313,000
Premium/Discount to List
-$11,900
-3.66%
Current Estimated Value
$396,401

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$83,401
Avg. Annual Appreciation
7.71%
Original Mortgage
$250,400
Outstanding Balance
$239,752
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$156,649

Purchase Details

Listed on
Jun 30, 2013
Closed on
Dec 17, 2013
Sold by
Foster Donald W and Foster Vonda L
Bought by
Tipton Ronald
Seller's Agent
Ruthan O'Toole
Century 21 Redwood Realty
Buyer's Agent
Bill Schmarge
Century 21 Redwood Realty
List Price
$222,000
Sold Price
$213,000
Premium/Discount to List
-$9,000
-4.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.57%
Original Mortgage
$220,029
Interest Rate
4.14%
Mortgage Type
VA

Purchase Details

Closed on
Jan 29, 2009
Sold by
U S Bank National Association
Bought by
Foster Donald W and Foster Vonda L

Purchase Details

Closed on
Jan 23, 2009
Sold by
Barganier Sean and Barganier Sean W Michael
Bought by
Deutsche Bank National Trust Company and Mortgage Electronic Registration Systems

Purchase Details

Closed on
Jul 26, 2005
Sold by
Kuehn John P and Kuehn Lillian
Bought by
Sullivan Angelique M and Sullivan Gregg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,700
Interest Rate
5.67%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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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
Mccoy Kenneth Elvin $313,000 Ekko Title
Tipton Ronald $213,000 Multiple
Foster Donald W $162,910 None Available
U S Bank National Association $328,200 None Available
Deutsche Bank National Trust Company $109,489 None Available
Sullivan Angelique M $297,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccoy Kenneth Elvin $250,400
Previous Owner Tipton Ronald $220,029
Previous Owner Sullivan Angelique M $29,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2022 07/29/22 Sold $313,000 -3.7% $114 / Sq Ft
07/12/2022 07/12/22 Pending -- -- --
07/07/2022 07/07/22 For Sale $324,900 +52.5% $119 / Sq Ft
12/17/2013 12/17/13 Sold $213,000 -4.1% $91 / Sq Ft
08/02/2013 08/02/13 Pending -- -- --
06/30/2013 06/30/13 For Sale $222,000 -- $95 / 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 $1,730 $230,700 $30,000 $200,700
2023 $1,730 $230,700 $30,000 $200,700
2022 $1,730 $230,700 $30,000 $200,700
2021 $1,661 $230,700 $30,000 $200,700
2020 $1,661 $230,700 $30,000 $200,700
2019 $1,516 $188,500 $30,000 $158,500
2018 $1,516 $188,500 $30,000 $158,500
2017 $1,516 $188,500 $30,000 $158,500
2016 $1,516 $188,500 $30,000 $158,500
2015 -- $176,300 $30,000 $146,300
2014 -- $176,300 $30,000 $146,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: VAOR2002966

Bright MLS

APN: 012-A0-00-08-0196-0