NOT LISTED FOR SALE

5387 Hibiscus Dr Chincoteague Island, VA 23336

Chincoteague Neighborhood

Estimated Value: $466,000 - $569,000

2 Beds
2 Baths
1,128 Sq Ft
$476/Sq Ft Est. Value

Last Sold June 23, 2017

Last sale price $300,000 $266 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $3,057/month

112 Days on Market

Highlights

  • Pier or Dock
  • Deck
  • Central Air
  • Waterfront
  • Wood Flooring
  • Dining Area

About This Home

As of June 2017

Location is top notch with this contemporary waterfront home in Oyster Bay I. 3 sides of this home serve as wrap around porch with dynamic views. Launch your boat at your own private boat dock (newly replaced) Walk in to a nice size eat in kitchen with bright living area. 2 bedrooms and 2 full bath this home is a great rental with bookings in place for 2017. Conveys furnished, new bamboo floor in kitchen, new refrigerator and newly replaced heat pump. Don't miss this opportunity to enjoy one of the nicest waterfront neighborhoods on Chincoteague Island.

Last Buyer's Agent

Anita Merritt

COLDWELL BANKER HARBOUR REALTY License #0225048458

COLDWELL BANKER HARBOUR REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,604

Year Built

  • Built in 1980

Lot Details

  • 8,712 Sq Ft Lot
  • Waterfront

Parking

  • No Garage

Home Design

  • Pillar, Post or Pier Foundation
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,128 Sq Ft Home
  • 1-Story Property
  • Sheet Rock Walls or Ceilings
  • Window Treatments
  • Dining Area

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 77
  • $323,700 per year additional tax assessments

Community Details

Overview

  • Property has a Home Owners Association
  • Oyster Bay Subdivision

Recreation

  • Pier or Dock

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,604

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.2
  • Lot Size: .20
  • Water Body Name: Oyster Bay
  • Subdivision Name: Oyster Bay
  • Directions: Maddox to Deep Hole Road follow into Oyster Bay I.
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1980
  • Kitchen Level: First
  • RoomBedroom1Level: First
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Water Heater, Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: N
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Hardwood
  • Living Area: 1128
  • Window Features: Window Treatments
  • Room Bedroom2 Level: First
  • Dining Room Features: Dining Area
  • Living Room Living Room Level: First
  • Room Bedroom2 Area: 167.5
  • Room Living Room Area: 261
  • Room Kitchen Area: 150

Exterior Features

  • Lot Features: <.5 acre +/-
  • Waterfront Features: Water Front, Moderate Depth, Waterfront
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Sheetrock
  • Exterior Features: Pier/Dock
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Deck
  • Property Condition: 30-50 yrs +/-
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage

Utilities

  • Laundry Features: Washer/Dryer Hookup
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Water Source: Community

Condo/Co-op/Association

  • Community Features: Community Amenities
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

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

Lot Info

  • Lot Size Sq Ft: 8712
  • Farm Land Area Units: Square Feet
  • Zoning Description: Residential
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Book Number: 735/111
  • Tax Lot: 77
  • Tax Map Number: 31B1-6-77
  • Tax Other Annual Assessment Amount: 323700

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2017
Closed on
Jun 20, 2017
Sold by
Nolan Rose M
Bought by
Hamilton Kenneth M
Buyer's Agent
Anita Merritt
COLDWELL BANKER HARBOUR REALTY
List Price
$339,000
Sold Price
$300,000
Premium/Discount to List
-$39,000
-11.5%
Current Estimated Value
$536,494

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$236,494
Avg. Annual Appreciation
7.49%
Original Mortgage
$230,000
Outstanding Balance
$193,738
Interest Rate
4.05%
Mortgage Type
New Conventional
Estimated Equity
$348,205
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
Hamilton Kenneth M $299,000 Shore Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hamilton Kenneth M $230,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2017 06/23/17 Sold $300,000 -11.5% $266 / Sq Ft
06/23/2017 06/23/17 Pending -- -- --
03/02/2017 03/02/17 For Sale $339,000 -- $301 / 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 $1,604 $418,800 $215,000 $203,800
2024 $1,604 $418,800 $215,000 $203,800
2023 $1,674 $360,000 $215,000 $145,000
2022 $1,674 $360,000 $215,000 $145,000
2021 $1,543 $321,400 $215,000 $106,400
2020 $1,543 $321,400 $215,000 $106,400
2019 $1,506 $313,700 $215,000 $98,700
2018 $1,506 $313,700 $215,000 $98,700
2017 $1,586 $323,700 $223,500 $100,200
2016 $1,586 $323,700 $223,500 $100,200
2015 $1,660 $338,800 $237,500 $101,300
2014 $1,660 $338,800 $237,500 $101,300
2013 -- $343,100 $237,500 $105,600
Source: Public Records

Agents Affiliated with this Home

  • A

    Buyer's Agent in 2017

    Anita Merritt

    COLDWELL BANKER HARBOUR REALTY

    (757) 894-0108

    35 in this area

    44 Total Sales

    Anita Merritt
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Map

Source: Eastern Shore Association of REALTORS®

MLS Number: 45086

APN: 031-B1-06-00-0077-00

Virginia Accomack County Chincoteague Island 23336 Chincoteague

5387 Hibiscus Dr, Chincoteague Island, VA

This home is located at 5387 Hibiscus Dr, Chincoteague Island, VA 23336 since 01 March 2017 and is currently estimated at $536,494, approximately $475 per square foot. This property was built in 1980. 5387 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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