$155,000
SOLD JUL 29, 2019

5357 Cedar Dr Chincoteague Island, VA 23336

Chincoteague Neighborhood
3 Beds
2 Baths
1,296 Sq Ft
0.33 Acres

Recently Sold

$120 Per Sq Ft

57 Days on Market

Highlights

  • Water Access
  • Separate Outdoor Workshop
  • Central Air
  • No HOA
  • Detached Garage
  • Dining Area

About This Home

As of May 2023

Bring your tool belt! This diamond in the rough is just waiting to be restored into the house of your dreams. This property offers so much potential with a 3 bedroom home, a spacious back yard and multiple out outbuildings. Use one for your beach gear, one for your artist retreat and the other has potential for so many things! Located on Piney Island, this home is in a quiet area and offers shared water access.

Last Agent to Sell the Property

Meghan Oliver Clarkson

LONG & FOSTER CHINCOTEAGUE License #0225085807 Listed on: 05/25/2019

LONG & FOSTER CHINCOTEAGUE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,362

Year Built

  • Built in 1975

Lot Details

  • 0.33 Acre Lot

Home Design

  • Aluminum Siding
  • Lead Paint Disclosure

Interior Spaces

  • 1,296 Sq Ft Home
  • 1-Story Property
  • Sheet Rock Walls or Ceilings
  • Dining Area
  • Crawl Space
  • Range<<rangeHoodToken>>

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Detached Garage
  • Carport

Outdoor Features

  • Water Access
  • Separate Outdoor Workshop
  • Shed

Schools

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

Utilities

  • Central Air
  • Heating System Uses Propane
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Chincoteague Subdivision

Listing and Financial Details

  • Tax Lot 10D
  • $177,400 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,362

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.33
  • Lot Size: 0.33
  • Water Body Name: Assateague Channel
  • Subdivision Name: Chincoteague
  • Directions: At the stoplight after the bridge, continue straight on Maddox Blvd. Enter the roundabout and take the 3rd exit onto Woodland Dr. Turn right on Pine St, then take the 3rd left onto Cedar Dr. House will be on the left.
  • Architectural Style: Ranch
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1975
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Water Heater, Range, Washer, Refrigerator, Dryer
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Entry Location: -
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Interior Amenities: 1st Floor Bedroom
  • Living Area: 1296
  • Dining Room Features: Dining Area

Exterior Features

  • Lot Features: <.5 acre +/-
  • Waterfront Features: Water Access-Private, Access To Water
  • Disclosures: Lead Paint Disclosure
  • Construction Type: Aluminum Siding, Sheetrock
  • Exterior Features: Other
  • Foundation Details: Crawl Space
  • Other Structures: Shed/Barn, Workshop
  • Property Condition: 30-50 yrs +/-
  • Roof: Age Unknown

Garage/Parking

  • Attached Garage: No
  • Parking Features: Garage, Carport, Detached

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Heat Pump, Propane
  • 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 Combined
  • Middle Or Junior School: Chincoteague Combined

Lot Info

  • Lot Size Sq Ft: 14374.8
  • Farm Land Area Units: Square Feet
  • Zoning Description: Residential
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Book Number: 820 644
  • Tax Lot: 10D
  • Tax Map Number: 31A-3-10D
  • Tax Other Annual Assessment Amount: 177400

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
$476,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$36,200
Avg. Annual Appreciation
3.78%
Original Mortgage
$440,000
Outstanding Balance
$430,159
Interest Rate
6.43%
Mortgage Type
Construction
Estimated Equity
$46,041

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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $440,000 --
Grant Deed $310,000 Attorney Only
Grant Deed $155,000 A & N Title & Settlement
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $440,000 Construction
Previous Owner $157,500 New Conventional
Previous Owner $124,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
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
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

    305 in this area

    716 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

    196 in this area

    279 Total Sales

    Angie Abell
    Section Image
See All Agents

Map

Source: Eastern Shore Association of REALTORS®

MLS Number: 49936

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

Virginia Accomack County Chincoteague Island 23336 Chincoteague

5357 Cedar Dr, Chincoteague Island, VA

This home is located at 5357 Cedar Dr, Chincoteague Island, VA 23336 and is currently priced at $155,000, approximately $119 per square foot. This property was built in 1975. 5357 Cedar 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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