NOT LISTED FOR SALE

5480 Main St Chincoteague Island, VA 23336

Chincoteague Neighborhood

Estimated Value: $362,000 - $520,012

2 Beds
2 Baths
1,176 Sq Ft
$373/Sq Ft Est. Value

Last Sold March 19, 2021

Last sale price $319,500 $272 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,484/month

57 Days on Market

Highlights

  • Home fronts a creek
  • A-Frame Home
  • No HOA
  • Creek or Stream View
  • Wood Flooring
  • Screened Porch

About This Home

As of March 2021

Your jaw will drop at the charm this home provides. This home is waterfront to the rear and waterview to the front. Downstairs consists of a kitchen, living room, dining room, full bathroom, and a screen room. Second floor includes two bedrooms and a full bathroom. Great views out of almost every window. Lots of upgrades. Including, but not limited to...Upgraded septic system is permitted for 4 bedrooms, which opens the door for expansion. Upgraded insulation, installed vinyl siding, added screen porch, new appliances, Zuhne stainless steel farmhouse sink and faucet, backsplash, and picture window. Kitchen includes a nice pantry with built in spice rack. A 22x8 addition was added to include the second bathroom which includes a tile shower. Other updates as well. Hardwood floors throughout.

Last Agent to Sell the Property

Bob Faith

DOCKSIDE PROPERTIES License #0225091052 Listed on: 01/06/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,325

Year Built

  • Built in 1955

Lot Details

  • 0.43 Acre Lot
  • Home fronts a creek

Home Design

  • A-Frame Home
  • Vinyl Siding

Interior Spaces

  • 1,176 Sq Ft Home
  • 2-Story Property
  • Sheet Rock Walls or Ceilings
  • Dining Room
  • Screened Porch
  • Wood Flooring
  • Creek or Stream Views
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • No Garage
  • Paved Parking
  • Open Parking

Outdoor Features

  • Shed

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System
  • Septic Tank

Community Details

  • No Home Owners Association
  • Chincoteague Subdivision

Listing and Financial Details

  • Tax Lot 85
  • $202,600 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,325

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.43
  • Lot Size: .43
  • Water Body Name: Canal
  • Subdivision Name: Chincoteague
  • Directions: From drawbridge, turn left. On right.
  • Architectural Style: A-Frame
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1955
  • Special Features: None
  • Stories: 2

Interior Features

  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Entry Location: -
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Hardwood
  • Interior Amenities: Dining Room
  • Living Area: 1176

Exterior Features

  • Lot Features: <.5 acre +/-
  • View: Water, Creek/Stream
  • View: Yes
  • Waterfront Features: Water Front, Creek Front, Other-See Remarks, Waterfront
  • Waterfront: Yes
  • Construction Type: Vinyl Siding, Sheetrock
  • Other Structures: Shed/Barn
  • Patio And Porch Features: Screened
  • Property Condition: 50-100 yrs +/-

Garage/Parking

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

Utilities

  • Laundry Features: Washer/Dryer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • 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: 18730.8
  • Farm Land Area Units: Square Feet
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Book Number: 2014-1622
  • Tax Lot: 85
  • Tax Map Number: 31B1-A-85
  • Tax Other Annual Assessment Amount: 202600

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2021
Closed on
Mar 2, 2021
Sold by
Hutchinson Victoria V
Bought by
Fincher Samuel W
Seller's Agent
Bob Faith
DOCKSIDE PROPERTIES
List Price
$325,000
Sold Price
$319,500
Premium/Discount to List
-$5,500
-1.69%
Current Estimated Value
$439,003

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,503
Avg. Annual Appreciation
8.61%
Original Mortgage
$287,550
Outstanding Balance
$260,800
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$200,960

Purchase Details

Closed on
Apr 8, 2014
Sold by
Williams Kenneth H and Williams Nancy
Bought by
Hutchinson Victoria V
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 Buyer Sale Price Title Company
Fincher Samuel W $319,500 A & N Title & Settlement
Hutchinson Victoria V $157,000 Attorney Only
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fincher Samuel W $287,550
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2021 03/19/21 Sold $319,500 -1.7% $272 / Sq Ft
03/05/2021 03/05/21 Pending -- -- --
01/06/2021 01/06/21 For Sale $325,000 -- $276 / 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 $1,325 $345,900 $106,000 $239,900
2024 $1,325 $345,900 $106,000 $239,900
2023 $1,261 $271,200 $106,000 $165,200
2022 $1,261 $271,200 $106,000 $165,200
2021 $973 $202,600 $106,000 $96,600
2020 $973 $202,600 $106,000 $96,600
2019 $939 $195,700 $106,000 $89,700
2018 $936 $195,000 $106,000 $89,000
2017 $848 $173,000 $82,900 $90,100
2016 $790 $161,300 $82,900 $78,400
2015 $790 $161,200 $82,900 $78,300
2014 $790 $161,200 $82,900 $78,300
2013 -- $164,200 $82,900 $81,300
Source: Public Records

Agents Affiliated with this Home

  • Bob Faith

    Seller's Agent in 2021

    Bob Faith

    DOCKSIDE PROPERTIES

    (757) 894-1479

    52 in this area

    665 Total Sales

    Bob Faith
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Map

Source: Eastern Shore Association of REALTORS®

MLS Number: 53036

APN: 031-B1-A0-00-0085-00

Virginia Accomack County Chincoteague Island 23336 Chincoteague

5480 Main St, Chincoteague Island, VA

This home is located at 5480 Main St, Chincoteague Island, VA 23336 since 06 January 2021 and is currently estimated at $439,003, approximately $373 per square foot. This property was built in 1955. 5480 Main St is a home located in Accomack County with nearby schools including Chincoteague Elementary School, Chincoteague High School, and Lighthouse Christian Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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