NOT LISTED FOR SALE

5357 Cedar Dr Chincoteague Island, VA 23336

Estimated Value: $430,000 - $573,000

3 Beds
2 Baths
1,440 Sq Ft
$343/Sq Ft Est. Value

Last Sold May 25, 2023

Last sale price $440,000 $306 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,714/month

27 Days on Market

Highlights

  • Water Access
  • No HOA
  • 1 Car Detached Garage
  • Beach House
  • Separate Outdoor Workshop
  • Cooling Available

About This Home

As of May 2023

Completely Renovated Island Beauty located in the Piney Island development. The sandy beach on Assateague Island is just 2.1 miles away! You'll love this 3 bedroom, 2 bath rancher home situated on 1/3 acre! This home has had so many improvements! The roof, LVP flooring, siding, windows, cabinets, & vanities, have all been replaced within the past few years! It features a bright coastal interior w/ a spacious living room, dining room, kitchen w/ granite countertops, stainless appliances, a large sunroom/family room w/ abundant windows, & a private backyard. There is a single detached garage for storage & additional detached garage with workshop & 2nd floor studio. This property has endless possibilities as a year-round residence, vacation home, or investment property. Sold furnished!

Last Agent to Sell the Property

Meghan Oliver Clarkson

LONG & FOSTER CHINCOTEAGUE Brokerage Phone: 7573365100 License #0225085807 Listed on: 03/22/2023

LONG & FOSTER CHINCOTEAGUE

Last Buyer's Agent

Lea Anna Bailey

Seaside Vacation & Sales License #0225257824

Property Details

Home Type

  • Modular Prefabricated Home

Est. Annual Taxes

  • $1,286

Year Built

  • Built in 1975

Lot Details

  • 0.36 Acre Lot
  • Fenced

Parking

  • 1 Car Detached Garage
  • Carport

Home Design

  • Single Family Detached Home
  • Beach House
  • Modular Prefabricated Home
  • Block Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,440 Sq Ft Home
  • 1-Story Property
  • Sheet Rock Walls or Ceilings
  • Window Treatments
  • Insulated Doors
  • Dining Room
  • Crawl Space

Kitchen

  • Range
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Outdoor Features

  • Water Access
  • Patio
  • Separate Outdoor Workshop
  • Shed

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Piney Island Subdivision

Listing and Financial Details

  • Tax Lot 10D
  • $236,000 per year additional tax assessments

Property Details

Home Type

Modular Prefabricated Home

Est. Annual Taxes

$1,286

Year Built

Built in 1975

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.3592
  • Lot Size: .3592
  • Water Body Name: Assateague Channel
  • Subdivision Name: Piney Island
  • Directions: Straight on Maddox from the bridge, go around the circle and turn right on Woodland Dr then right on Pine and left on Cedar. House is on the left.
  • Architectural Style: Ranch, Beach House, Modular
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Modular
  • Year Built: 1975
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Water Heater, Range, Dishwasher, Refrigerator, Washer, Dryer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: Insulated Doors, Storm Door(s)
  • Entry Location: -
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Vinyl, Other
  • Interior Amenities: 1st Floor Bedroom, Dining Room
  • Living Area: 1440
  • Window Features: Window Treatments
  • Dining Room Features: Dining Area

Exterior Features

  • Fencing: Fenced
  • Lot Features: <.5 acre +/-
  • Waterfront Features: Water Access, Access To Water
  • Construction Type: Vinyl Siding, Sheetrock, Panel
  • Foundation Details: Crawl Space, Block
  • Other Structures: Shed/Barn, Workshop
  • Patio And Porch Features: Patio
  • Property Condition: 30-50 yrs +/-
  • Roof: Composition, Age 0-9 yrs +/-

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Garage, Carport, One Car, Detached
  • Total Parking Spaces: 1

Utilities

  • Laundry Features: Washer/Dryer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Heat Pump, Electric
  • Cooling Y N: Yes
  • Heating: Heat Pump, Electric
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 15646.752
  • Farm Land Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1286
  • Tax Book Number: 2000 03045
  • Tax Lot: 10D
  • Tax Map Number: 31A-3-10D
  • Tax Other Annual Assessment Amount: 236000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 22, 2023
Closed on
May 12, 2023
Sold by
Chris Butler Denise Peterson
Bought by
Fitchett Judson
Seller's Agent
Meghan Oliver Clarkson
LONG & FOSTER CHINCOTEAGUE
Buyer's Agent
Lea Anna Bailey
Seaside Vacation & Sales
List Price
$485,000
Sold Price
$440,000
Premium/Discount to List
-$45,000
-9.28%
Views
167
Current Estimated Value
$494,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,275
Avg. Annual Appreciation
4.69%
Original Mortgage
$440,000
Outstanding Balance
$427,854
Interest Rate
6.43%
Mortgage Type
Construction
Estimated Equity
$66,421

Purchase Details

Listed on
Mar 19, 2020
Closed on
Jul 31, 2020
Sold by
Balasus Gregory A and Balasus Laura C
Bought by
Butler Kenneth W
Buyer's Agent
Angie Abell
BEACH BAY REALTY, LLC
List Price
$329,900
Sold Price
$310,000
Premium/Discount to List
-$19,900
-6.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.43%
Original Mortgage
$157,500
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 25, 2019
Closed on
Jul 11, 2019
Sold by
Frank Gibson
Bought by
Balasus Gregory A and Balasus Laura C
Seller's Agent
Meghan Oliver Clarkson
LONG & FOSTER CHINCOTEAGUE
List Price
$155,000
Sold Price
$155,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
94.74%
Original Mortgage
$124,000
Interest Rate
3.8%
Mortgage Type
New Conventional
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
Fitchett Judson $440,000 --
Butler Kenneth W $310,000 Attorney Only
Balasus Gregory A $155,000 A & N Title & Settlement
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fitchett Judson $440,000
Previous Owner Butler Kenneth W $157,500
Previous Owner Balasus Gregory A $124,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/25/2023 05/25/23 Sold $440,000 -2.0% $306 / Sq Ft
04/20/2023 04/20/23 Pending -- -- --
04/11/2023 04/11/23 Price Changed $449,000 -7.4% $312 / Sq Ft
03/23/2023 03/23/23 For Sale $485,000 +56.5% $337 / Sq Ft
08/12/2020 08/12/20 Sold $310,000 -6.0% $215 / Sq Ft View Prior Sale
08/11/2020 08/11/20 Pending -- -- --
03/19/2020 03/19/20 For Sale $329,900 +112.8% $229 / Sq Ft
07/29/2019 07/29/19 Sold $155,000 0.0% $120 / Sq Ft View Prior Sale
07/22/2019 07/22/19 Pending -- -- --
05/25/2019 05/25/19 For Sale $155,000 -- $120 / 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 $1,362 $355,500 $96,600 $258,900
2024 $1,362 $355,500 $96,600 $258,900
2023 $1,097 $236,000 $72,400 $163,600
2022 $1,097 $236,000 $72,400 $163,600
2021 $810 $168,700 $72,400 $96,300
2020 $810 $168,700 $72,400 $96,300
2019 $852 $177,400 $72,400 $105,000
2018 $852 $177,400 $72,400 $105,000
2017 $875 $178,500 $72,400 $106,100
2016 $875 $178,500 $72,400 $106,100
2015 $881 $179,700 $72,400 $107,300
2014 $881 $179,700 $72,400 $107,300
2013 -- $183,300 $72,400 $110,900
Source: Public Records

Agents Affiliated with this Home

  • Meghan Oliver Clarkson

    Seller's Agent in 2023

    Meghan Oliver Clarkson

    LONG & FOSTER CHINCOTEAGUE

    (757) 894-0798

    279 in this area

    666 Total Sales

    Meghan Oliver Clarkson
    Section Image

  • L

    Buyer's Agent in 2023

    Lea Anna Bailey

    Seaside Vacation & Sales

    (757) 894-1231

    1 in this area

    6 Total Sales

    Lea Anna Bailey
    Section Image
  • Angie Abell

    Buyer's Agent in 2020

    Angie Abell

    BEACH BAY REALTY, LLC

    (757) 710-1598

    192 in this area

    267 Total Sales

    Angie Abell
    Section Image
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Map

Source: Eastern Shore Association of REALTORS®

MLS Number: 57342

APN: 031-A0-03-00-0010-D0

Virginia Accomack County Chincoteague Island 23336

5357 Cedar Dr, Chincoteague Island, VA

Not Listed for Sale

Mobile Manufactured

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