NOT LISTED FOR SALE

55 Cherry Dr Gwynn, VA 23076

Mathews Neighborhood

Estimated Value: $129,000 - $154,869

3 Beds
1.5 Baths
1,064 Sq Ft
$136/Sq Ft Est. Value

Last Sold March 22, 2024

Last sale price $115,000 $108 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $844/month

32 Days on Market

Highlights

  • Boat Dock
  • Water Access
  • Wood Flooring
  • Beach
  • Deck
  • Corner Lot

About This Home

As of March 2024

GWYNNS ISLAND - Great investment opportunity, or second home. Water, beach and pier access. 3 Bedrooms, 1.5 Baths. Home is sound except for the back porch. Needs TLC. Selling "AS IS", WHERE IS". Preliminary termite inspection available to Purchaser. Purchaser to have inspections completed to his satisfaction at his cost.

Last Agent to Sell the Property

Frances Minor

Morgan & Edwards Real Estate License #0225043014 Listed on: 01/04/2024

Last Buyer's Agent

Troy Gibbs

EXP Realty LLC License #0225066390

EXP Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $450

Year Built

  • Built in 1967

Lot Details

  • 9,609 Sq Ft Lot
  • Corner Lot
  • Level Lot

HOA Fees

  • $17 Monthly HOA Fees

Parking

  • Shared Driveway

Home Design

  • Composition Roof
  • Wood Siding
  • Hardboard

Interior Spaces

  • 1,064 Sq Ft Home
  • 1-Story Property
  • Wainscoting
  • Ceiling Fan
  • Attic Fan

Kitchen

  • Eat-In Kitchen
  • Stove
  • Laminate Countertops

Flooring

  • Wood
  • Partially Carpeted
  • Linoleum

Bedrooms and Bathrooms

  • 3 Bedrooms

Home Security

  • Storm Windows
  • Fire and Smoke Detector

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Deck
  • Shed
  • Outbuilding

Schools

  • Lee Jackson Elementary School
  • Thomas Hunter Middle School
  • Mathews High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Well
  • Water Heater
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 0.2206
  • Assessor Parcel Number 11A2-5-2

Community Details

Overview

  • Cherry Point Estates Subdivision

Amenities

  • Common Area

Recreation

  • Boat Dock
  • Beach
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$450

Year Built

Built in 1967

Lot Details

0

HOA Fees

$17 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1967
  • Property Attached Yn: No
  • Lot Size Acres: 0.2206
  • Ownership: Estate
  • Subdivision Name: Cherry Point Estates
  • Above Grade Finished Sq Ft: 1064.0
  • 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: None
  • Stories: 1

Interior Features

  • Flooring: Linoleum, Partially Carpeted, Wood
  • Appliances: Electric Water Heater, Stove
  • Basement YN: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, Laminate Counters, Main Level Primary, Cable TV, Paneling/Wainscoting
  • Living Area: 1064.0
  • Stories: 1
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: None
  • Lot Features: Corner Lot, Level
  • Pool Features: None
  • Waterfront Features: Beach Access, Water Access, Walk to Water
  • Waterfront: No
  • Construction Type: Hardboard, Wood Siding
  • Exterior Features: Deck, Out Building(s), Storage, Shed
  • Other Structures: Shed(s), Outbuilding
  • Patio And Porch Features: Deck
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Shared Driveway

Utilities

  • Heating: Baseboard, Electric
  • Cooling: Wall Unit(s), Attic Fan
  • Sewer: Septic Tank
  • Water Source: Well
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Beach, Common Grounds/Area, Dock, Home Owners Association, Park
  • Association Fee: 200.0
  • Association Fee Frequency: Annually

Fee Information

  • Association Fee Includes: Common Areas, Road Maintenance, Water Access

Schools

  • Middle Or Junior School: Thomas Hunter

Lot Info

  • Topography: Level
  • Parcel Number: 11A2-5-2
  • Zoning Description: Res
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 449.97
  • Tax Lot: 0.2206

MLS Schools

  • Elementary School: Lee Jackson
  • High School: Mathews

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2024
Closed on
Feb 28, 2024
Sold by
Payne James F and Phelps Gwendolyn G
Bought by
Sanderson Jordan
Seller's Agent
Frances Minor
Morgan & Edwards Real Estate
Buyer's Agent
Troy Gibbs
EXP Realty LLC
List Price
$132,000
Sold Price
$115,000
Premium/Discount to List
-$17,000
-12.88%
Views
135
Current Estimated Value
$145,217

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,217
Avg. Annual Appreciation
16.16%
Original Mortgage
$113,557
Interest Rate
6.64%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 13, 2021
Sold by
George Indrani J
Bought by
Mad Calf Lane Cottage Llc
Source: Public Records

Range of Values:

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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
Sanderson Jordan $115,000 Wfg National Title
Mad Calf Lane Cottage Llc -- Blue Heron Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanderson Jordan $135,000
Closed Sanderson Jordan $113,557
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2024 03/22/24 Sold $115,000 -12.9% $108 / Sq Ft
02/06/2024 02/06/24 Pending -- -- --
01/04/2024 01/04/24 For Sale $132,000 -- $124 / Sq Ft
Source: Chesapeake Bay & Rivers 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 $509 $84,900 $35,000 $49,900
2024 $475 $84,900 $35,000 $49,900
2023 $475 $84,900 $35,000 $49,900
2022 $649 $101,400 $35,000 $66,400
2021 $654 $101,400 $35,000 $66,400
2020 $654 $101,400 $35,000 $66,400
2019 $654 $101,400 $35,000 $66,400
2018 $583 $101,400 $35,000 $66,400
2017 $583 $101,400 $35,000 $66,400
2015 $6,761 $0 $0 $0
2014 $6,761 $125,200 $35,000 $90,200
2013 $588 $125,200 $35,000 $90,200
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2024

    Frances Minor

    Morgan & Edwards Real Estate

    (804) 832-5900

    9 in this area

    16 Total Sales

    Frances Minor
    Section Image
  • Troy Gibbs

    Buyer's Agent in 2024

    Troy Gibbs

    EXP Realty LLC

    (804) 691-3838

    1 in this area

    192 Total Sales

    Troy Gibbs
    Section Image
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Map

Source: Chesapeake Bay & Rivers Association of REALTORS®

MLS Number: 2400363

Chesapeake Bay & Rivers Association of REALTORS®

APN: 11A2-5-2

Virginia Mathews County Gwynn 23066 Mathews

55 Cherry Dr, Gwynn, VA

This home is located at 55 Cherry Dr, Gwynn, VA 23076 since 04 January 2024 and is currently estimated at $145,217, approximately $136 per square foot. This property was built in 1967. 55 Cherry Dr is a home located in Mathews County with nearby schools including Thomas Hunter Middle School and Mathews High School.

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.

Chesapeake Bay & Rivers Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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