NOT LISTED FOR SALE

55 Wales Cove Ruther Glen, VA 22546

Estimated Value: $397,000 - $421,000

3 Beds
3.5 Baths
2,530 Sq Ft
$162/Sq Ft Est. Value

Last Sold December 16, 2020

Last sale price $365,000 $144 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,663/month

Highlights

  • Beach
  • Colonial Architecture
  • Tennis Courts
  • Lake Privileges
  • Community Pool
  • Fireplace

About This Home

As of December 2020

***AWESOME RENOVATED COLONIAL IN LAKE LAND WITH OVER 2500 SQ FT OF LIVING SPACE ON 3 FINISHED LEVELS***ENCLOSED REAR SUNROOM, NICE DECK, GORGEOUS HARDWOOD FLOORS ON THE MAIN LEVEL, GRANITE KITCHEN COUNTERS AND SS APPLIANCES, FRESHLY PAINTED AND MUCH MUCH MORE...YOU WILL NOT BE DISAPPOINTED...MORE PICS TO FOLLOW SOON...

Last Agent to Sell the Property

David Coy

(571) 354-0505 davidcoy@coyrealestate.com Red Cedar Real Estate License #0225202963 Listed on: 11/01/2020

Last Buyer's Agent

Kelli Williams

(540) 645-0364 kellisellsre@gmail.com CENTURY 21 New Millennium License #0225198324

CENTURY 21 New Millennium

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,834

Year Built

  • Built in 2003

Lot Details

  • Property is in excellent condition
  • Property is zoned R1

HOA Fees

  • $90 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • Property has 3 Levels
  • Fireplace
  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Lake Privileges

Utilities

  • Heat Pump System
  • Electric Water Heater

Listing and Financial Details

  • Tax Lot 406
  • Assessor Parcel Number 51A6-1-B-406

Community Details

Overview

  • $1,500 Capital Contribution Fee
  • Association fees include common area maintenance, pier/dock maintenance, road maintenance, security gate, snow removal
  • Lake Land Or Subdivision

Recreation

  • Beach
  • Tennis Courts
  • Community Basketball Court
  • Volleyball Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,834

Year Built

Built in 2003

Lot Details

0

HOA Fees

$90 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 2003
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: Yes
  • Levels Count: 3
  • Basement: Yes
  • Basement Type: Full, Fully Finished
  • Total Sq Ft: 2530
  • Living Area Sq Ft: 2530
  • Price Per Sq Ft: 221.83
  • Above Grade Finished Sq Ft: 1690
  • Below Grade Finished Sq Ft: 840
  • Total Below Grade Sq Ft: 840
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 90.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Basketball Courts, Beach, Pool - Outdoor, Swimming Pool, Tennis Courts, Tot Lots/Playground, Volleyball Courts, Water/Lake Privileges
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Pier/Dock Maintenance, Road Maintenance, Security Gate, Snow Removal
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Fee Information

  • Capital Contribution Fee: 1500.00

Schools

  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 186000.00
  • Land Assessed Value: 35000.00
  • Lot Size Units: Square Feet
  • Property Condition: Excellent
  • Zoning: R1
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 16801305
  • Tax Annual Amount: 1834.00
  • Assessor Parcel Number: 51A6-1-B-406
  • Tax Lot: 406
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020

MLS Schools

  • School District Name: CAROLINE COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2020
Closed on
Dec 18, 2020
Sold by
Ffc Properties Llc
Bought by
Brown Quentin
Seller's Agent
David Coy
Red Cedar Real Estate
Buyer's Agent
Kelli Williams
CENTURY 21 New Millennium
List Price
$349,500
Sold Price
$365,000
Premium/Discount to List
$15,500
4.43%
Current Estimated Value
$410,940

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,940
Avg. Annual Appreciation
2.46%
Original Mortgage
$368,686
Outstanding Balance
$328,241
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$82,700

Purchase Details

Listed on
Nov 1, 2020
Closed on
Dec 17, 2020
Sold by
Ffc Properties Llc
Bought by
Brown Quentin
Seller's Agent
David Coy
Red Cedar Real Estate
Buyer's Agent
Kelli Williams
CENTURY 21 New Millennium
List Price
$349,500
Sold Price
$365,000
Premium/Discount to List
$15,500
4.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,686
Outstanding Balance
$328,241
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$82,700

Purchase Details

Closed on
Feb 5, 2020
Sold by
Turner Eliza J and Turner Kennard L
Bought by
Ffc Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 12, 2003
Sold by
The Charleston Company
Bought by
Turner Kennard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,897
Interest Rate
5.9%
Mortgage Type
VA

Purchase Details

Closed on
Apr 29, 2003
Sold by
Platinum Finance
Bought by
The Charleston Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.64%
Mortgage Type
Construction

Purchase Details

Closed on
Apr 14, 2003
Sold by
Goodpasture H Glenn
Bought by
Platinum Finance Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
5.64%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 23, 2002
Sold by
Platinum Finance
Bought by
Bailey Tyrone

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,410
Interest Rate
7.04%
Mortgage Type
New Conventional
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
Brown Quentin $365,000 First American Title
Brown Quentin $365,000 First American Title
Ffc Properties Llc $189,000 Atlantic Title
Turner Kennard $199,900 --
The Charleston Company $16,000 --
Platinum Finance Inc $8,000 --
Bailey Tyrone $14,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown Quentin $368,686
Closed Brown Quentin $368,686
Previous Owner Ffc Properties Llc $224,000
Previous Owner Turner Kennard $205,897
Previous Owner Platinum Finance Inc $125,000
Previous Owner Bailey Tyrone $13,410
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/16/2020 12/16/20 Sold $365,000 -2.6% $144 / Sq Ft
11/07/2020 11/07/20 Price Changed $374,900 +7.3% $148 / Sq Ft
11/01/2020 11/01/20 For Sale $349,500 -- $138 / Sq Ft
Source: Bright 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
2025 $307,615 $399,500 $55,000 $344,500
2024 $2,041 $265,000 $51,000 $214,000
2023 $2,041 $265,000 $51,000 $214,000
2022 $2,041 $265,000 $51,000 $214,000
2021 $2,041 $265,000 $51,000 $214,000
2020 $1,834 $221,000 $35,000 $186,000
2019 $1,834 $221,000 $35,000 $186,000
2018 $1,834 $221,000 $35,000 $186,000
2017 $1,834 $221,000 $35,000 $186,000
2016 $1,812 $221,000 $35,000 $186,000
2015 $1,615 $224,300 $46,000 $178,300
2014 $1,615 $224,300 $46,000 $178,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: VACV123122

Bright MLS

APN: 51A6-1 B-406