NOT LISTED FOR SALE

550 Spring Lake Dr Earlysville, VA 22936

Estimated Value: $990,000 - $1,154,294

4 Beds
3.5 Baths
2,916 Sq Ft
$377/Sq Ft Est. Value

Last Sold January 11, 2024

Last sale price $1,038,999 $356 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $6,147/month

Highlights

  • New Construction
  • View of Trees or Woods
  • Community Lake
  • Journey Middle School Rated A-
  • Colonial Architecture
  • Cathedral Ceiling

About This Home

As of January 2024

December 2023 Completion date on this spectacular 3 acre homesite in an idyllic setting! This 'Newport' plan offers an open floor plan with three main level bedrooms, including spacious owner's suite, dedicated study, a stunning Great Room that boasts a cathedral ceiling and tons of windows to maximize natural light. On the second floor is a finished, spacious bonus room and full bath. Quality built 2x6 exterior walls, custom mahogany front door, R-19 insulation, and Trex Deck. Kitchen includes painted maple cabinetry (white, gray, etc. shaker style), granite countertops (also in owner's suite), and much more. Photos are of previously built model home.,Granite Counter,Maple Cabinets,Wood Cabinets,Fireplace in Family Room,Fireplace in Great Room

Last Agent to Sell the Property

TJ Southmayd

NEST REALTY GROUP License #0225210597[3607] Listed on: 03/31/2023

NEST REALTY GROUP

Last Buyer's Agent

Lori Meistrell

NEST REALTY GROUP License #0225182371[4379]

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2023 | New Construction

Lot Details

  • 3 Acre Lot
  • Level Lot
  • Partially Wooded Lot

HOA Fees

  • $42 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Craftsman Architecture
  • Rambler Architecture
  • Farmhouse Style Home
  • Slab Foundation
  • Advanced Framing
  • Blown-In Insulation
  • Architectural Shingle Roof
  • Wood Siding
  • Stone Siding
  • Concrete Perimeter Foundation
  • HardiePlank Type

Interior Spaces

  • Property has 1.5 Levels
  • Tray Ceiling
  • Cathedral Ceiling
  • Recessed Lighting
  • Gas Fireplace
  • Low Emissivity Windows
  • Vinyl Clad Windows
  • Insulated Windows
  • Double Hung Windows
  • Window Screens
  • Living Room
  • Dining Room
  • Den
  • Views of Woods
  • Unfinished Basement
  • Walk-Out Basement

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Gas Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms | 3 Main Level Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • Walk-In Closet
  • 3.5 Bathrooms

Laundry

  • Dryer
  • ENERGY STAR Qualified Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • Attached Garage
  • Side Facing Garage

Eco-Friendly Details

  • Energy-Efficient Appliances

Schools

  • Broadus Wood Elementary School
  • Albemarle High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Heating System Powered By Owned Propane
  • Underground Utilities
  • Well
  • Septic Tank

Community Details

Overview

  • Built by CRAIG BUILDERS
  • The Newport Community
  • Windrift Subdivision
  • Community Lake

Amenities

  • Picnic Area

Recreation

  • Jogging Path

Home Details

Home Type

Single Family

Year Built

Built in 2023 | New Construction

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial, Farmhouse/National Folk, Ranch/Rambler, Craftsman
  • Building Total Sq Ft: 3435.00
  • New Construction: Yes
  • Story List: Main
  • Year Built: 2023
  • Special Features: 4098
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Dryer, Dishwasher, Disposal, Oven/Range - Gas, Microwave, Refrigerator, Energy Efficient Appliances, Energy Star Clothes Washer
  • Flooring Type: Carpet, Hardwood, Wood
  • Interior Amenities: Walk-In Closet(s), Breakfast Area, Kitchen - Eat-In, Pantry, Recessed Lighting, Entry Level Bedroom, Primary Bath(s)
  • Window Features: Insulated, Low-E, Screens, Double Hung, Vinyl Clad
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Wall Ceiling Types: 9'+ Ceilings, Tray Ceilings, Vaulted Ceilings, Cathedral Ceilings
  • Foundation Details: Slab, Concrete Perimeter
  • Levels Count: 1.5
  • Room List: Living Room, Dining Room, Primary Bedroom, Kitchen, Study, Full Bath, Half Bath, Additional Bedroom
  • Basement: Yes
  • Basement Type: Unfinished, Walkout Level
  • Living Area Units: Square Feet
  • Total Sq Ft: 2934
  • Living Area Sq Ft: 2916
  • Price Per Sq Ft: 342.82
  • Above Grade Finished Sq Ft: 2916
  • Above Grade Unfinished Sq Ft: 18
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 550

Beds/Baths

  • Bedrooms: 4
  • Main Level Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Upper Level Bathrooms: 1
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Wood Siding, Fiber Cement, Stone, Hardiplank Type, Advanced Framing, Blown-In Insulation
  • Construction Completed: No
  • Roof: Architectural Shingle
  • View: Trees/Woods
  • Water Oriented: No
  • Pool: No Pool
  • Water View: No

Garage/Parking

  • Garage: Yes
  • Garage Features: Garage - Side Entry
  • Type Of Parking: Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Heat Pump(s)
  • Electric Service: Underground
  • Heating Fuel: Electric, Propane - Owned
  • Heating Type: Central
  • Heating: Yes
  • Security: Security System, Smoke Detector
  • Sewer/Septic System: Septic Exists
  • Water Source: Well
  • Internet Services: Cable, DSL

Condo/Co-op/Association

  • HOA Fees: 500.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Lake, Picnic Area, Jog/Walk Path
  • HOA: Yes

Schools

  • School District: ALBEMARLE COUNTY PUBLIC SCHOOLS
  • Elementary School: BROADUS WOOD
  • High School: ALBEMARLE
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • School District Key: 121141540441
  • School District Source: Listing Agent
  • Elementary School: BROADUS WOOD
  • High School: ALBEMARLE

Green Features

  • Green Indoor Air Qlty: Contaminant Control
  • Green Sustainability: Conserving Materials/Methods
  • Green Water Conservation: Low-Flow Fixtures
  • Green Remarks: HERS Rating

Lot Info

  • Lot Features: Level, Sloping, Partly Wooded
  • Lot Size Acres: 3.00
  • Zoning: R-1
  • Zoning Description: Residential

Building Info

  • Builder Name: CRAIG BUILDERS

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Year: 9999
  • Close Date: 01/11/2024

MLS Schools

  • School District Name: ALBEMARLE COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2023
Closed on
Dec 1, 2023
Sold by
Craig Builders
Bought by
Craig Stewart P and Craig Carol H
Seller's Agent
TJ Southmayd
NEST REALTY GROUP
Buyer's Agent
Lori Meistrell
NEST REALTY GROUP
List Price
$1,038,999
Sold Price
$1,038,999
Views
7
Current Estimated Value
$1,128,530

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,531
Avg. Annual Appreciation
3.84%
Original Mortgage
$726,201
Outstanding Balance
$712,805
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$390,764

Purchase Details

Closed on
Apr 20, 2023
Sold by
Bailey Elizabeth Cunningham and Bailey Robert Nel
Bought by
Craig Ents Inc

Purchase Details

Closed on
Aug 26, 2020
Sold by
Cain Keith William
Bought by
Bailey Elizabeth Cunningham and Bailey Robert Nelson

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
2.9%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 21, 2016
Sold by
Hahn James R
Bought by
Cain Keith William
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
Craig Stewart P $1,038,999 Chicago Title
Craig Ents Inc -- Old Republic National Title
Bailey Elizabeth Cunningham $170,000 None Available
Cain Keith William $112,500 Court Square Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Craig Stewart P $726,201
Previous Owner Bailey Elizabeth Cunningham $165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2024 01/11/24 Sold $1,038,999 0.0% $356 / Sq Ft
03/31/2023 03/31/23 Pending -- -- --
03/31/2023 03/31/23 For Sale $1,038,999 -- $356 / 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 -- $1,048,000 $188,600 $859,400
2024 -- $1,004,500 $188,600 $815,900
2023 $1,395 $163,400 $163,400 $0
2022 $1,395 $163,400 $163,400 $0
2021 $1,395 $163,400 $163,400 $0
2020 $1,079 $126,300 $126,300 $0
2019 $960 $112,400 $112,400 $0
2018 $0 $112,400 $112,400 $0
2017 $943 $112,400 $112,400 $0
2016 $987 $117,600 $117,600 $0
2015 $482 $117,600 $117,600 $0
2014 -- $117,500 $117,500 $0
Source: Public Records

Agents Affiliated with this Home

  • TJ Southmayd

    Seller's Agent in 2024

    TJ Southmayd

    NEST REALTY GROUP

    (610) 529-5754

    118 Total Sales

    Section Image

  • L

    Buyer's Agent in 2024

    Lori Meistrell

    NEST REALTY GROUP

    (434) 242-6294

    207 Total Sales

    Section Image
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Map

Source: Bright MLS

MLS Number: 640090

Bright MLS

APN: 01800-00-00-06200

Virginia Albemarle County Earlysville 22936

550 Spring Lake Dr, Earlysville, VA

This home is located at 550 Spring Lake Dr, Earlysville, VA 22936 since 31 March 2023 and is currently estimated at $1,098,324, approximately $376 per square foot. This property was built in 2023. 550 Spring Lake Dr is a home located in Albemarle County with nearby schools including Broadus Wood Elementary School, Journey Middle School, and Albemarle High School.

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