NOT LISTED FOR SALE

523 Old Forge Way Madison, VA 22727

Estimated Value: $356,000

3 Beds
2 Baths
1,758 Sq Ft
$203/Sq Ft Est. Value

Last Sold May 03, 2018

Last sale price $216,500 $123 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $2,268/month

45 Days on Market

Highlights

  • Pier or Dock
  • Community Lake
  • Deck
  • Lake Privileges
  • Clubhouse
  • Partially Wooded Lot

About This Home

As of May 2018

Price well below assessment! Custom built 3br/2ba home in Malvern of Madison. Open kitchen, dining, and great room floor plan. Large bedrooms and master bedroom with walk-in closet. Wrap around front and side porch and a rear deck off the sun/sitting room. Attached two car garage and two outbuildings all on a nice private 3.095 acre lot.

Last Agent to Sell the Property

Ann Beverlin

(434) 962-0750 marie.emt32@gmail.com Compass West Realty, LLC License #0225224279 Listed on: 01/19/2018

Compass West Realty, LLC

Last Buyer's Agent

Ryland Payne

(540) 735-2691 homesforyou@icloud.com Coldwell Banker Elite License #0225082908

Coldwell Banker Elite

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,716

Year Built

  • Built in 2002

Lot Details

  • 3.09 Acre Lot
  • Privacy Fence
  • The property's topography is level
  • Partially Wooded Lot
  • Property is zoned A1

HOA Fees

  • $46 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Driveway

Home Design

  • Rambler Architecture
  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,758 Sq Ft Home
  • Property has 1 Level
  • Double Pane Windows
  • Great Room
  • Sitting Room
  • Combination Kitchen and Dining Room

Kitchen

  • Electric Oven or Range
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Lake Privileges
  • Deck
  • Shed
  • Storage Shed
  • Wrap Around Porch

Utilities

  • Cooling Available
  • Heat Pump System
  • Well
  • Electric Water Heater
  • Water Conditioner is Owned
  • Septic Tank

Listing and Financial Details

  • Tax Lot 233
  • Assessor Parcel Number 49- -5- -233

Community Details

Overview

  • Malvern Subdivision
  • Community Lake

Amenities

  • Picnic Area
  • Clubhouse

Recreation

  • Pier or Dock
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,716

Year Built

Built in 2002

Lot Details

0

HOA Fees

$46 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Main
  • Year Built: 2002
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Dishwasher, Dryer, Icemaker, Oven/Range - Electric, Refrigerator, Washer, Water Conditioner - Owned, Water Heater
  • Interior Amenities: Combination Kitchen/Dining, Primary Bath(s), Entry Level Bedroom
  • Window Features: Double Pane
  • Fireplace: No
  • Entry Location: Living Room
  • Foundation Details: Concrete Perimeter
  • Levels Count: 1
  • Room List: Primary Bedroom, Sitting Room, Bedroom 2, Bedroom 3, Kitchen, Great Room, Laundry
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1758
  • Living Area Sq Ft: 1758
  • Price Per Sq Ft: 124.57
  • Above Grade Finished Sq Ft: 1758
  • Above Grade Finished Area Units: Square Feet

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, Shed Shop, Storage Barn/Shed
  • Other Structures List: Shed Shop, Storage Barn/Shed
  • Construction Materials: Vinyl Siding
  • Pool Private: No
  • Road Surface Type: Paved
  • Roof: Composite
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Paved Driveway, Garage
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Type: Heat Pump(s)
  • Cooling: Yes
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

  • HOA Fees: 550.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Club House, Lake, Picnic Area, Pool - Outdoor, Pier/Dock, Water/Lake Privileges
  • HOA: Yes
  • Senior Community: No

Lot Info

  • Fencing: Privacy
  • Improvement Assessed Value: 171500.00
  • Land Assessed Value: 80900.00
  • Lot Features: Partly Wooded, Private
  • Lot Size Acres: 3.09
  • Lot Size Area: 134818
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 134818.00
  • Outdoor Living Structures: Deck(s), Wrap Around
  • Property Attached Yn: No
  • Topography: Level
  • Zoning: A1

Green Features

  • Green Verification: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 16269727
  • Tax Annual Amount: 1716.32
  • Assessor Parcel Number: 49- -5- -233
  • Tax Lot: 233
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017

MLS Schools

  • School District Name: MADISON COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2021
Sold by
Jamieson David A and Jamieson John M
Bought by
Jamieson John M and Jamieson Barbara
Current Estimated Value
$356,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Outstanding Balance
$183,918
Interest Rate
3.25%
Mortgage Type
Construction

Purchase Details

Listed on
Jan 19, 2018
Closed on
Apr 23, 2018
Sold by
Ogden Jeffrey L and Evans Est Mark C
Bought by
Jamieson David A and Jamieson John M
Seller's Agent
Ann Beverlin
Compass West Realty, LLC
Buyer's Agent
Ryland Payne
Coldwell Banker Elite
List Price
$225,000
Sold Price
$216,500
Premium/Discount to List
-$8,500
-3.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,675
Interest Rate
4.45%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Jamieson John M -- None Available
Jamieson David A $252,500 Commonwealth Land Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jamieson John M $200,000
Closed Jamieson David A $205,675
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/03/2018 05/03/18 Sold $216,500 -1.1% $123 / Sq Ft
03/05/2018 03/05/18 Pending -- -- --
02/21/2018 02/21/18 Price Changed $219,000 -2.7% $125 / Sq Ft
01/19/2018 01/19/18 For Sale $225,000 -- $128 / 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
2021 $1,978 $267,300 $79,600 $187,700
2020 $1,898 $267,300 $79,600 $187,700
2019 $1,716 $267,300 $79,600 $187,700
2018 $1,716 $252,400 $80,900 $171,500
2017 -- $252,400 $80,900 $171,500
2016 -- $252,400 $80,900 $171,500
2015 -- $252,400 $80,900 $171,500
2014 -- $252,400 $80,900 $171,500
Source: Public Records

Agents Affiliated with this Home

  • Ann Beverlin

    Seller's Agent in 2018

    Ann Beverlin

    Compass West Realty, LLC

    (434) 962-0750

    7 Total Sales

    Ann Beverlin
    Section Image

  • R

    Buyer's Agent in 2018

    Ryland Payne

    Coldwell Banker Elite

    Section Image
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Map

Source: Bright MLS

MLS Number: 1004552341

Bright MLS

APN: 49-5-233

Virginia Madison County Madison 22727

523 Old Forge Way, Madison, VA

Not Listed for Sale

Detached

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