$310,000
SOLD NOV 20, 2024

5440 New Line Rd Gum Spring, VA 23065

3 Beds
2 Baths
1,118 Sq Ft
0.55 Acres

Recently Sold

$277 Per Sq Ft

5% Below List Price

27 Days on Market

Highlights

  • Community Lake
  • Corner Lot
  • Front Porch
  • Jouett Elementary School Rated A-
  • Granite Countertops
  • Double Vanity

About This Home

As of November 2024

Welcome home to Orchid Lake Estates, located just 5 miles off I-64 in Gum Spring. Situated on a corner lot at just over half an acre, this 2022 built 1,100+ square foot home features 3 bedrooms and 2 full bathrooms. Upon entry, you will be greeted by luxury vinyl plank flooring which can be found throughout. The open concept living room and kitchen provides a spacious feel for everyday use and entertaining guests. The kitchen boasts granite countertops, an island, and stainless-steel appliances. The laundry closet is located just off the kitchen by the back door. The primary bedroom resides on the left side of the home, separate from the 2 additional bedrooms, and includes a large walk-in closet and full en-suite bath with a dual vanity. The full hall bath accessible from the living room can also be accessed via 1 of the spare bedrooms, allowing for a more comfortable stay for guests spending the night. The property also includes an outdoor 8x10 shed with power, 240V generator hookup, and a whole home water filtration system. Enjoy summer days fishing and swimming in Orchid Lake. High speed fiber optic internet is available through FireFly. Schedule your tour today and come see what this property has in store for you!

Last Agent to Sell the Property

Tyler Ruger

CapCenter License #0225248636 Listed on: 09/18/2024

Co-Listed By

Chris Piacentini

CapCenter License #0225213040

Last Buyer's Agent

Randy Horne

Long & Foster REALTORS License #0225180625

Long & Foster REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,694

Year Built

  • Built in 2022

Lot Details

  • 0.55 Acre Lot
  • Corner Lot
  • Zoning described as R2

HOA Fees

  • $15 Monthly HOA Fees

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 1,118 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Vinyl Flooring
  • Crawl Space

Kitchen

  • Oven
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Double Vanity

Parking

  • Driveway
  • Unpaved Parking

Outdoor Features

  • Shed
  • Front Porch

Schools

  • Jouett Elementary School
  • Louisa Middle School
  • Louisa High School

Utilities

  • Central Air
  • Heat Pump System
  • Well
  • Water Heater
  • Engineered Septic

Community Details

  • Orchid Lake Estates Subdivision
  • Community Lake
  • Pond in Community

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 96A-1-A-1

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,694

Year Built

Built in 2022

Lot Details

0

HOA Fees

$15 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2022
  • Property Attached Yn: No
  • Lot Size Acres: 0.547
  • Co List Office Mls Id: CAPC01
  • Co List Office Phone: 804-968-5000
  • Ownership: Individuals
  • Subdivision Name: Orchid Lake Estates
  • Architectural Style: Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: NewHome
  • Stories: 1

Interior Features

  • Flooring: Vinyl
  • Basement: Crawl Space
  • Appliances: Dishwasher, Microwave, Oven, Stove, Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Bedroom on Main Level, Ceiling Fan(s), Double Vanity, Granite Counters, Kitchen Island, Bath in Primary Bedroom, Walk-In Closet(s)
  • Living Area: 1118.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Fencing: None
  • Lot Features: Corner Lot
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Seller Disclosure
  • Construction Type: Drywall, Frame, Vinyl Siding
  • Exterior Features: Storage, Shed, Unpaved Driveway
  • Patio And Porch Features: Front Porch
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Driveway, Unpaved

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Sewer: Engineered Septic
  • Water Source: Well
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Lake, Pond
  • Association Fee: 184.0
  • Association Fee Frequency: Annually
  • Association: Yes

Fee Information

  • Association Fee Includes: Common Areas, Road Maintenance

Schools

  • Middle Or Junior School: Louisa

Lot Info

  • Parcel Number: 96A-1-A-1
  • Zoning Description: R2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 1694.27
  • Tax Lot: 1

MLS Schools

  • Elementary School: Jouett
  • High School: Louisa

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 18, 2024
Closed on
Nov 15, 2024
Sold by
Marshall Samuel A and Marshall Kristen W
Bought by
Alexander David G
Seller's Agent
Tyler Ruger
CapCenter
Buyer's Agent
Randy Horne
Long & Foster REALTORS
List Price
$325,000
Sold Price
$310,000
Premium/Discount to List
-$15,000
-4.62%
Views
83
Current Estimated Value
$316,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,441
Avg. Annual Appreciation
2.39%
Original Mortgage
$313,131
Outstanding Balance
$310,129
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$6,312

Purchase Details

Listed on
Sep 30, 2021
Closed on
Oct 18, 2022
Sold by
Infinite Summer Llc
Bought by
Marshall Kristen W and Marshall Samuel A
Seller's Agent
Kristina Jinnett
EXP Realty LLC
Buyer's Agent
Eric Davis
EXP Realty LLC
List Price
$299,950
Sold Price
$300,000
Premium/Discount to List
$50
0.02%
Views
23

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.60%
Original Mortgage
$291,000
Interest Rate
6.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 6, 2020
Sold by
Sharpe Gilbert Owens and Estate Of Eleanor Conway Sharp
Bought by
Infinite Summer Llc
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed $310,000 Fidelity National Title
Deed $310,000 Fidelity National Title
Deed $310,000 Fidelity National Title
Bargain Sale Deed $300,000 Fidelity National Title
Deed $2,000 Terrys Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $313,131 New Conventional
Closed $313,131 New Conventional
Previous Owner $291,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/20/2024 11/20/24 Sold $310,000 0.0% $277 / Sq Ft
10/15/2024 10/15/24 Pending -- -- --
10/09/2024 10/09/24 Price Changed $309,999 -1.6% $277 / Sq Ft
10/01/2024 10/01/24 Price Changed $315,000 -3.1% $282 / Sq Ft
09/18/2024 09/18/24 For Sale $325,000 +8.3% $291 / Sq Ft
10/25/2022 10/25/22 Sold $300,000 0.0% $275 / Sq Ft View Prior Sale
09/20/2022 09/20/22 Pending -- -- --
09/08/2022 09/08/22 Price Changed $299,900 0.0% $275 / Sq Ft
09/04/2022 09/04/22 Price Changed $299,950 0.0% $275 / Sq Ft
08/25/2022 08/25/22 Price Changed $299,999 -0.8% $275 / Sq Ft
07/19/2022 07/19/22 Price Changed $302,500 +1.2% $277 / Sq Ft
07/18/2022 07/18/22 Price Changed $298,900 0.0% $274 / Sq Ft
07/04/2022 07/04/22 Price Changed $299,000 -0.3% $274 / Sq Ft
06/25/2022 06/25/22 Price Changed $299,950 0.0% $275 / Sq Ft
06/25/2022 06/25/22 For Sale $299,950 +3.5% $275 / Sq Ft
05/16/2022 05/16/22 Pending -- -- --
05/13/2022 05/13/22 Price Changed $289,900 -1.2% $265 / Sq Ft
05/06/2022 05/06/22 Price Changed $293,500 -0.2% $269 / Sq Ft
05/01/2022 05/01/22 Price Changed $294,000 -0.3% $269 / Sq Ft
04/16/2022 04/16/22 Price Changed $295,000 -0.2% $270 / Sq Ft
03/26/2022 03/26/22 For Sale $295,500 -1.5% $271 / Sq Ft
01/31/2022 01/31/22 Off Market $300,000 -- --
12/05/2021 12/05/21 Price Changed $295,500 +0.2% $271 / Sq Ft
09/30/2021 09/30/21 For Sale $295,000 -- $270 / Sq Ft
Source: Central Virginia Regional 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
2024 $2,115 $293,800 $32,400 $261,400
2023 $1,694 $247,700 $9,600 $238,100
2022 $1,351 $145,300 $8,800 $136,500
2021 $14 $2,000 $2,000 $0
2020 $14 $2,000 $2,000 $0
2019 $14 $2,000 $2,000 $0
2018 $14 $2,000 $2,000 $0
2017 $14 $2,000 $2,000 $0
2016 $14 $2,000 $2,000 $0
2015 $14 $2,000 $2,000 $0
2013 -- $2,000 $2,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2424362

Central Virginia Regional MLS

APN: 96A-1-A-1