Seller's Agent in 2024
Ron Rutter
Samson Properties
(301) 392-7630
3 in this area
37 Total Sales
518 Bancroft Ave Colonial Beach, VA 22443
Estimated Value: $362,000 - $394,175
3
Beds
1.5
Baths
1,712
Sq Ft
$222/Sq Ft
Est. Value
Highlights
- Rambler Architecture
- No HOA
- Forced Air Heating and Cooling System
- 1 Fireplace
About This Home
As of July 2024Nestled in the heart of Colonial Beach, this enchanting 3-bedroom, 1.5-bath residence presents a rare opportunity to own a piece of paradise on a coveted double lot. The heart of the home boasts a welcoming living room that transitions seamlessly into a dining area and a fully equipped kitchen.The rear enclosed porch provides a peaceful retreat for all seasons. This versatile space, with its panoramic windows, ensures natural light while offering shelter from the elements, making it an ideal spot for relaxation or entertainment.
With its idyllic location, this property promises the perfect blend of tranquil living and lucrative investment potential, ideal for those aspiring to embrace the beach lifestyle or venture into the Airbnb market. Located mere minutes from the pristine shores of the Potomac River, embrace a lifestyle filled with sun-soaked days, waterfront activities, and picturesque sunsets. This home is an invitation to live the dream of beachside living, with fishing, boating, and swimming all at your doorstep. Beyond the allure of the beach, enjoy the vibrant community of Colonial Beach, with its charming local shops, restaurants, and a calendar brimming with cultural events and festivals. The convenience of being close to major cities like Washington, D.C., and Richmond adds to the appeal, offering the best of both worlds.
Don't miss the chance to own this coastal gem in Colonial Beach, where every day feels like a vacation. Whether you're seeking a permanent residence, a vacation home, or a profitable rental property, this home is a beacon of possibilities.
Your Coastal Living Awaits – Discover the Charm of Colonial Beach.
Last Agent to Sell the Property
Samson Properties License #SP40000019 Listed on: 02/05/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,577
Year Built
- Built in 1955
Lot Details
- 0.33 Acre Lot
- Property is zoned R/S
Parking
- Driveway
Home Design
- Rambler Architecture
- Architectural Shingle Roof
- Vinyl Siding
Interior Spaces
- 1,712 Sq Ft Home
- Property has 1 Level
- 1 Fireplace
- Crawl Space
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
Utilities
- Forced Air Heating and Cooling System
- Heat Pump System
- Electric Water Heater
Community Details
- No Home Owners Association
- The Point Subdivision
Listing and Financial Details
- Tax Lot 4
- Assessor Parcel Number 3A1 2 46 4
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 5, 2024
Closed on
Jul 29, 2024
Sold by
Botts John E and Botts Lori D
Bought by
Patricia Lynn Neblett Living Trust and Neblett
Seller's Agent
Ron Rutter
Samson Properties
Buyer's Agent
Relda Schick
Coldwell Banker Elite
List Price
$449,900
Sold Price
$370,000
Premium/Discount to List
-$79,900
-17.76%
Views
202
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
$10,044
Avg. Annual Appreciation
2.51%
Original Mortgage
$363,298
Outstanding Balance
$359,572
Interest Rate
6.95%
Mortgage Type
FHA
Estimated Equity
$20,472
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Patricia Lynn Neblett Living Trust | $370,000 | Lawyers Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Patricia Lynn Neblett Living Trust | $363,298 | |
| Previous Owner | Botts John E | $185,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/29/2024 07/29/24 | Sold | $370,000 | -5.1% | $216 / Sq Ft |
| 06/26/2024 06/26/24 | Pending | -- | -- | -- |
| 06/06/2024 06/06/24 | Price Changed | $389,900 | -7.1% | $228 / Sq Ft |
| 04/11/2024 04/11/24 | Price Changed | $419,900 | -4.5% | $245 / Sq Ft |
| 02/27/2024 02/27/24 | Price Changed | $439,900 | -2.2% | $257 / Sq Ft |
| 02/05/2024 02/05/24 | For Sale | $449,900 | 0.0% | $263 / Sq Ft |
| 03/01/2019 03/01/19 | Rented | $1,200 | 0.0% | -- |
| 02/11/2019 02/11/19 | Under Contract | -- | -- | -- |
| 01/29/2019 01/29/19 | For Rent | $1,200 | +4.3% | -- |
| 01/04/2016 01/04/16 | Rented | $1,150 | 0.0% | -- |
| 01/04/2016 01/04/16 | Under Contract | -- | -- | -- |
| 12/09/2015 12/09/15 | For Rent | $1,150 | -- | -- |
Source: Bright MLS
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 | $970 | $231,000 | $68,300 | $162,700 |
| 2023 | $924 | $231,000 | $68,300 | $162,700 |
| 2022 | $924 | $231,000 | $68,300 | $162,700 |
| 2021 | $905 | $195,300 | $68,300 | $127,000 |
| 2020 | $918 | $195,300 | $68,300 | $127,000 |
| 2018 | $781 | $195,300 | $68,300 | $127,000 |
| 2017 | -- | $195,300 | $68,300 | $127,000 |
| 2016 | $762 | $195,300 | $68,300 | $127,000 |
| 2015 | -- | $187,800 | $68,300 | $119,500 |
| 2014 | -- | $0 | $0 | $0 |
| 2013 | -- | $187,800 | $68,300 | $119,500 |
Source: Public Records
Agents Affiliated with this Home
-
Ron Rutter
-
Relda Schick
Buyer's Agent in 2024
Relda Schick
Coldwell Banker Elite
(804) 761-1230
110 in this area
125 Total Sales
-
Michael Gray
Seller's Agent in 2019
Michael Gray
Century 21 New Millennium
(240) 427-7766
9 in this area
106 Total Sales
-
N
Buyer's Agent in 2019
Nila Walker
Century 21 Redwood Realty
-
S
Buyer's Agent in 2016
Sherwood Moore
EXIT Mid-Rivers Realty
Map
Source: Bright MLS
MLS Number: VAWE2005962
APN: 3A1-2-46-4
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