518 Clay St Wakefield, VA 23888
3
Beds
1
Bath
1,168
Sq Ft
0.4
Acres
Highlights
- Wood Flooring
- Utility Closet
- Ceiling Fan
- No HOA
- Porch
- Baseboard Heating
About This Home
As of February 2025Charming ranch home ready for your personal touch! This home features a large living room perfect for gatherings and an open, roomy kitchen with plenty of space for cooking and dining. The kitchen offers solid wood cabinets and has access to outside. Two of the three bedrooms are very generous in size. This home feels bigger than the square footage shows. While the home could use some TLC and upgrading, it presents a fantastic opportunity for those looking to customize their living space. The expansive yard offers plenty of outdoor space for gardening, entertaining, or simply enjoying the outdoors. Behind the home you will find a two car carport with a concrete pad and electricity. This home is located in an established neighborhood at the end of a dead end road and is only a minute away from the local grocery store and restaurants.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $456
Year Built
- Built in 1959
Lot Details
- 0.4 Acre Lot
Home Design
- Composition Roof
- Vinyl Siding
Interior Spaces
- 1,168 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Utility Closet
- Washer and Dryer Hookup
- Crawl Space
- Pull Down Stairs to Attic
Kitchen
- Electric Range
- Dishwasher
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Parking
- Carport
- 2 Car Parking Spaces
- Off-Street Parking
Outdoor Features
- Storage Shed
- Porch
Schools
- Sussex Central Elementary School
- Sussex Central Middle School
- Sussex Central High School
Utilities
- Heat Pump System
- Baseboard Heating
- Heating System Uses Oil
- Electric Water Heater
Community Details
- No Home Owners Association
- All Others Area 71 Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 22, 2024
Closed on
Jan 27, 2025
Sold by
Price Pursell D and Price Rosalyn Pursell
Bought by
Schuster Eric
Seller's Agent
Elizabeth Renney
BHHS RW Towne Realty
Buyer's Agent
Tracy Lego
Keller Williams Realty Town Center
List Price
$178,900
Sold Price
$150,000
Premium/Discount to List
-$28,900
-16.15%
Views
143
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
207.10%
Original Mortgage
$112,500
Outstanding Balance
$112,312
Interest Rate
6.91%
Mortgage Type
New Conventional
Estimated Equity
$127,985
Similar Home in Wakefield, VA
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $150,000 | Westcor Land Title Insurance C | |
| Bargain Sale Deed | $150,000 | Westcor Land Title Insurance C |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $112,500 | New Conventional | |
| Closed | $112,500 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/26/2025 05/26/25 | Price Changed | $274,000 | -3.9% | $196 / Sq Ft |
| 04/11/2025 04/11/25 | For Sale | $285,000 | +90.0% | $204 / Sq Ft |
| 02/12/2025 02/12/25 | Sold | $150,000 | -9.0% | $128 / Sq Ft |
| 01/24/2025 01/24/25 | Pending | -- | -- | -- |
| 12/31/2024 12/31/24 | Price Changed | $164,900 | -2.4% | $141 / Sq Ft |
| 11/13/2024 11/13/24 | Price Changed | $168,900 | -5.6% | $145 / Sq Ft |
| 10/22/2024 10/22/24 | For Sale | $178,900 | -- | $153 / Sq Ft |
Source: Real Estate Information Network (REIN)
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 | $504 | $95,000 | $14,000 | $81,000 |
| 2023 | $456 | $95,000 | $14,000 | $81,000 |
| 2022 | $456 | $95,000 | $14,000 | $81,000 |
| 2021 | $469 | $80,900 | $14,000 | $66,900 |
| 2020 | $469 | $80,900 | $14,000 | $66,900 |
| 2019 | $469 | $80,900 | $14,000 | $66,900 |
| 2018 | $469 | $80,900 | $14,000 | $66,900 |
| 2017 | $470 | $81,000 | $14,000 | $67,000 |
| 2016 | $470 | $81,000 | $14,000 | $67,000 |
| 2015 | $437 | $81,000 | $14,000 | $67,000 |
| 2014 | $437 | $81,000 | $14,000 | $67,000 |
| 2013 | $437 | $81,000 | $14,000 | $67,000 |
Source: Public Records
Agents Affiliated with this Home
-
Jay Hassell
Seller's Agent in 2025
Jay Hassell
Keller Williams Realty Town Center
(757) 745-9569
182 Total Sales
-
Elizabeth Renney
Seller's Agent in 2025
Elizabeth Renney
BHHS RW Towne Realty
(757) 620-9591
6 in this area
74 Total Sales
-
Tracy Lego
Seller Co-Listing Agent in 2025
Tracy Lego
Keller Williams Realty Town Center
(757) 499-5911
1 in this area
57 Total Sales
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10556169
APN: 61A4-7-5
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