NOT LISTED FOR SALE

5295 Hibiscus Dr Chincoteague Island, VA 23336

Chincoteague Neighborhood

Estimated Value: $704,000 - $790,000

3 Beds
4 Baths
2,053 Sq Ft
$370/Sq Ft Est. Value

Last Sold December 13, 2018

Last sale price $550,000 $268 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $4,303/month

547 Days on Market

Highlights

  • Pier or Dock
  • Property Fronts a Bay or Harbor
  • Deck
  • Water Access
  • Spa
  • Contemporary Architecture

About This Home

As of December 2018

WATERFRONT HOME in Oyster Bay. Open space living room with BAY & CANAL VIEWS in 3 Directions, fireplace, real Porthole, Bay window with custom sofa, French Doors to Screened porch for WATERFRONT dining plus Pass thru to galley kitchen with incredible window nook! 28' WATERFRONT deck with seating, boat dock, ladder for the kids to swim & catch crabs. Master EnSuite on first level, Jacuzzi for 2, private balcony! 3 walls of windows in Dining Room. Vesley ship design complete with Staterooms for the Crew, one ensuite plus additional full 4th bath. 4th Bedroom Sleeping loft with balcony & view of Assateague! Floor Plan on www.PonyIsland.com Make an Appointment Now! Contact Listing Agent for $572K Appraisal which does not consider the unusually high documented $70K+ INVESTMENT RENTAL INCOME.

Last Agent to Sell the Property

Lynne Ballerini

DOCKSIDE PROPERTIES License #0225088629 Listed on: 06/11/2017

Last Buyer's Agent

Angie Abell

BEACH BAY REALTY, LLC License #0225042782

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,277

Year Built

  • Built in 1990

Lot Details

  • 0.35 Acre Lot
  • Property Fronts a Bay or Harbor

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Beach House
  • Pillar, Post or Pier Foundation
  • Wood Roof
  • HardiePlank Type

Interior Spaces

  • 2,053 Sq Ft Home
  • 3-Story Property
  • Sheet Rock Walls or Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Double Pane Windows
  • Window Treatments
  • Living Room with Fireplace
  • Dining Room
  • Screened Porch
  • Bay Views

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Pine Flooring
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • 4 Full Bathrooms
  • Spa Bath

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • Driveway
  • Open Parking

Accessible Home Design

  • Level Entry For Accessibility

Outdoor Features

  • Spa
  • Water Access
  • Deck
  • Exterior Lighting
  • Separate Outdoor Workshop

Schools

  • Chincoteague Elementary School
  • Chincoteague Combined Middle School
  • Chincoteague Combined High School

Utilities

  • Central Air
  • Baseboard Heating
  • Septic Tank

Listing and Financial Details

  • Tax Lot 85
  • $404,100 per year additional tax assessments

Community Details

Overview

  • Obi Association
  • Oyster Bay Subdivision

Recreation

  • Pier or Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,277

Year Built

Built in 1990

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.35
  • Lot Size: .35
  • Water Body Name: Assateague Channel
  • Subdivision Name: Oyster Bay
  • Directions: Come over the bridge onto the Island, continue on Maddox Blvd, turn left on Deep Hole Road (2nd traffic light), follow to the end, turn left into Oyster Bay on Hibiscus, follow almost to the end, home is on right side, see address on piling
  • Architectural Style: Contemporary, Beach House
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1990
  • Kitchen Level: First
  • RoomBedroom1Level: First
  • Special Features: None
  • Stories: 3

Interior Features

  • Spa Features: Bath
  • Private Spa: Yes
  • Appliances: Other Water Heater (See Remarks), Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Full Bathrooms: 4
  • Total Bedrooms: 3
  • Entry Location: First
  • Fireplace Features: One Fireplace, Living Room
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Tile, Pine
  • Interior Amenities: Cathedral Ceiling(s), 1st Floor Bedroom
  • Living Area: 2053
  • Window Features: Window Treatments, Double Pane Windows
  • Room Bedroom2 Level: First
  • Dining Room Features: Dining Room
  • Living Room Living Room Level: First
  • Room Bedroom3 Area: 90
  • Room Bedroom2 Area: 72
  • Room Living Room Area: 315
  • Room Bedroom3 Level: First
  • Room Kitchen Area: 96
  • Dining Room Dining Room Level: First
  • Room Dining Room Area: 100

Exterior Features

  • Lot Features: <.5 acre +/-
  • View: Bay
  • View: Yes
  • Waterfront Features: Water Front, Bay Front, Water Access-Private, Waterfront
  • Waterfront: Yes
  • Construction Type: HardiPlank Type, Sheetrock
  • Exterior Features: Lighting, Pier/Dock
  • Foundation Details: Pillar/Post/Pier
  • Other Structures: Workshop
  • Patio And Porch Features: Screened, Deck, Porch
  • Property Condition: 15-30 yrs +/-
  • Roof: Wood, Other

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: No Garage, Driveway

Utilities

  • Laundry Features: Washer/Dryer Hookup
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Baseboard, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Community Amenities
  • Association Fee: 600
  • Association Fee Frequency: Annually
  • Association Name: OBI
  • Association: Yes

Schools

  • Elementary School: Chincoteague
  • High School: Chincoteague Combined
  • Middle Or Junior School: Chincoteague Combined

Lot Info

  • Lot Size Sq Ft: 15246
  • Farm Land Area Units: Square Feet
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 2277
  • Tax Book Number: 415/225
  • Tax Lot: 85
  • Tax Map Number: 31B1-5-85
  • Tax Other Annual Assessment Amount: 404100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 6, 2023
Sold by
Asturian Group Inc
Bought by
Cantabria Ii Llc
Current Estimated Value
$759,985

Purchase Details

Listed on
Jun 11, 2017
Closed on
Nov 5, 2018
Sold by
Hutchings Harmon R and Hutchings Patricia P
Bought by
Asturian Group Inc
Seller's Agent
Lynne Ballerini
DOCKSIDE PROPERTIES
Buyer's Agent
Angie Abell
BEACH BAY REALTY, LLC
List Price
$599,000
Sold Price
$550,000
Premium/Discount to List
-$49,000
-8.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.85%
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
Cantabria Ii Llc $700,000 --
Asturian Group Inc $550,000 Attorney Only
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/13/2018 12/13/18 Sold $550,000 -8.2% $268 / Sq Ft
12/11/2018 12/11/18 Pending -- -- --
06/11/2017 06/11/17 For Sale $599,000 -- $292 / Sq Ft
Source: Eastern Shore Association of REALTORS®

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
2025 $2,442 $637,700 $215,000 $422,700
2024 $2,419 $631,600 $215,000 $416,600
2023 $2,345 $504,300 $215,000 $289,300
2022 $2,345 $504,300 $215,000 $289,300
2021 $2,035 $423,900 $215,000 $208,900
2020 $2,035 $423,900 $215,000 $208,900
2019 $1,940 $404,100 $215,000 $189,100
2018 $1,940 $404,100 $215,000 $189,100
2017 $2,031 $414,500 $223,500 $191,000
2016 $2,031 $414,500 $223,500 $191,000
2015 $2,109 $430,400 $237,500 $192,900
2014 $2,109 $430,400 $237,500 $192,900
2013 -- $409,100 $237,500 $171,600
Source: Public Records

Agents Affiliated with this Home

  • Lynne Ballerini

    Seller's Agent in 2018

    Lynne Ballerini

    DOCKSIDE PROPERTIES

    (757) 894-5902

    59 in this area

    94 Total Sales

    Lynne Ballerini
    Section Image
  • Angie Abell

    Buyer's Agent in 2018

    Angie Abell

    BEACH BAY REALTY, LLC

    (757) 710-1598

    192 in this area

    271 Total Sales

    Angie Abell
    Section Image
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Map

Source: Eastern Shore Association of REALTORS®

MLS Number: 45849

APN: 031-B1-05-00-0085-00

Virginia Accomack County Chincoteague Island 23336 Chincoteague

5295 Hibiscus Dr, Chincoteague Island, VA

This home is located at 5295 Hibiscus Dr, Chincoteague Island, VA 23336 since 11 June 2017 and is currently estimated at $759,985, approximately $370 per square foot. This property was built in 1990. 5295 Hibiscus Dr is a home located in Accomack County with nearby schools including Chincoteague Elementary School, Chincoteague High School, and Lighthouse Christian Academy.

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