5091 Main St Chincoteague, VA 23336
Chincoteague Neighborhood
3
Beds
2
Baths
1,774
Sq Ft
0.38
Acres
Highlights
- Sea Front
- Water Access
- Contemporary Architecture
- Water Views
- Deck
- Vaulted Ceiling
About This Home
As of December 2023What a beautiful location! Outstanding bay views and breath taking sunsets await you from this established vacation rental property. The sandy shoreline makes it a perfect spot to launch kayaks or even go for a swim! Claiming and crabbing all right in your back yard! When you walk in you will get that 70's vibe from your childhood. Can easily be updated or not the property generates $25,000 on average of yearly rental income. This turn key rental offers two bedrooms downstairs and full bath, upstairs has a spacious bedroom and full bath. Don't miss this opportunity to own a Bayfront property for less then 500k!
Last Agent to Sell the Property
COLDWELL BANKER HARBOUR REALTY License #0225154451 Listed on: 07/09/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,469
Year Built
- Built in 1975
Lot Details
- 0.38 Acre Lot
- Lot Dimensions are 102' x 164'
- Sea Front
- Property Fronts a Bay or Harbor
Parking
- No Garage
Home Design
- Contemporary Architecture
- Beach House
- Pillar, Post or Pier Foundation
- Composition Roof
- Wood Siding
Interior Spaces
- 1,774 Sq Ft Home
- 2-Story Property
- Sheet Rock Walls or Ceilings
- Vaulted Ceiling
- Gas Log Fireplace
- Great Room
- Dining Area
- Screened Porch
- Water Views
- Fire and Smoke Detector
Kitchen
- Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
- Main Floor Bedroom
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Accessible Home Design
- Level Entry For Accessibility
Outdoor Features
- Water Access
- Seawall
- Deck
Schools
- Chincoteague Elementary School
- Chincoteague Combined Middle School
- Chincoteague Combined High School
Utilities
- Cooling System Mounted To A Wall/Window
- Baseboard Heating
- Electric Water Heater
- Septic Tank
- Cable TV Available
Community Details
- No Home Owners Association
- Chincoteague Subdivision
Listing and Financial Details
- Tax Lot 3
- $450,800 per year additional tax assessments
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 28, 2023
Closed on
Dec 1, 2023
Sold by
Reid Lawrence
Bought by
Heller Peter D
Seller's Agent
Shawn Jennings
COLDWELL BANKER HARBOUR REALTY
Buyer's Agent
Shawn Jennings
COLDWELL BANKER HARBOUR REALTY
List Price
$713,000
Sold Price
$708,000
Premium/Discount to List
-$5,000
-0.7%
Views
2
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,635
Avg. Annual Appreciation
-0.33%
Original Mortgage
$566,400
Outstanding Balance
$557,032
Interest Rate
6%
Mortgage Type
New Conventional
Estimated Equity
$147,333
Purchase Details
Closed on
Jan 1, 2004
Bought by
Not Avail From County
Similar Homes in the area
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $708,000 | -- | |
| Grant Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $566,400 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/08/2023 12/08/23 | Sold | $708,000 | -0.7% | $399 / Sq Ft |
| 10/29/2023 10/29/23 | For Sale | $713,000 | +50.1% | $402 / Sq Ft |
| 10/28/2023 10/28/23 | Pending | -- | -- | -- |
| 08/28/2020 08/28/20 | Sold | $475,000 | -4.8% | $268 / Sq Ft |
| 08/28/2020 08/28/20 | Pending | -- | -- | -- |
| 07/09/2020 07/09/20 | For Sale | $499,000 | -- | $281 / Sq Ft |
Source: Eastern Shore Association of REALTORS®
Tax History Compared to Growth
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 | $2,251 | $587,800 | $310,000 | $277,800 |
| 2023 | $2,346 | $504,500 | $310,000 | $194,500 |
| 2022 | $2,346 | $504,500 | $310,000 | $194,500 |
| 2021 | $2,164 | $450,800 | $310,000 | $140,800 |
| 2020 | $2,164 | $450,800 | $310,000 | $140,800 |
| 2019 | $2,119 | $441,500 | $310,000 | $131,500 |
| 2018 | $2,119 | $441,500 | $310,000 | $131,500 |
| 2017 | $2,416 | $493,100 | $360,000 | $133,100 |
| 2016 | $2,416 | $493,100 | $360,000 | $133,100 |
| 2015 | $2,424 | $494,700 | $360,000 | $134,700 |
| 2014 | $2,424 | $494,700 | $360,000 | $134,700 |
| 2013 | -- | $499,800 | $360,000 | $139,800 |
Source: Public Records
Agents Affiliated with this Home
-
Shawn Jennings
Seller's Agent in 2023
Shawn Jennings
COLDWELL BANKER HARBOUR REALTY
(757) 336-1999
150 in this area
253 Total Sales
-
Gladys Baczek
Seller's Agent in 2020
Gladys Baczek
COLDWELL BANKER HARBOUR REALTY
(757) 894-0098
40 in this area
45 Total Sales
Map
Source: Eastern Shore Association of REALTORS®
MLS Number: 51964
APN: 030-A7-09-00-0003-00
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