Seller's Agent in 2024
Sue Fincham
Samson Properties
(540) 539-5517
3 in this area
67 Total Sales
557 Lake Dr Front Royal, VA 22630
Estimated Value: $358,000 - $388,926
3
Beds
2
Baths
2,048
Sq Ft
$182/Sq Ft
Est. Value
Highlights
- Wood Burning Stove
- Recreation Room
- 1 Car Detached Garage
- Private Lot
- No HOA
- Oversized Parking
About This Home
As of August 2024This adorable home has 2 bedrooms and 1 bath located on the main floor. The lower level has 1 bedroom and also a full bath. The large wrap-around deck is perfect for enjoying the outdoors, with almost 1.5 acres. There is plenty of space for flower gardens, outdoor activities, or even expanding the living area. The large yard offers endless possibilities for creating your ideal country living experience. You will find that the combined living room and kitchen area creates a spacious and open feel. An open kitchen layout is fantastic for anyone who loves to cook! It makes meal preparation more enjoyable and efficient. With plenty of cupboards and newer appliances, you’ll have all the storage and modern conveniences you need. The oversized one-car garage and additional outbuilding provide plenty of storage space, which is always a plus. The wood stove in the basement is a cozy and efficient heating option, and the built-in bar adds a great touch for entertaining. It’s also fantastic that the basement has its own entrance, making it a viable option for renting out and generating additional income. As you will see the sellers have taken loving care of this property. Located in the wonderful Shenandoah Farms Community with so many fantastic amenities avail only to property owners. Offering everything you can dream of including River access/ recreation lots on the wonderful Shenandoah River with a prime boat ramp, two private lakes with docks to enjoy fishing and/or swimming, multiple playground areas, picnic areas, walking/hiking trails, basketball and volleyball courts, 2 country stores, and so much more! County maintained roads. Just a short distance to route 50 and I-66 as well as town of Front Royal. Shenandoah Farms is a Sanitary District. Visit County or Shen Farms Website for more details. This property has a possible small VA assumable loan with a low interest rate for qualified buyers. The tax records are not correct for age of home. Original home burned down in 1990 and was completely rebuilt 1996. Sales price firm at 360,000 due to current appraisal.
Last Agent to Sell the Property
(540) 539-5517 suefincham90@gmail.com Samson Properties License #0225100345 Listed on: 06/24/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,712
Year Built
- Built in 1996
Lot Details
- 1.38 Acre Lot
- Private Lot
Parking
- 1 Car Detached Garage
- 4 Driveway Spaces
- Oversized Parking
- Gravel Driveway
Home Design
- Bungalow
- Cabin
- Block Foundation
- Cedar
Interior Spaces
- Property has 2 Levels
- Ceiling Fan
- Wood Burning Stove
- Living Room
- Recreation Room
- Cooktop
- Laundry Room
Bedrooms and Bathrooms
Finished Basement
- Walk-Out Basement
- Connecting Stairway
- Laundry in Basement
Utilities
- Cooling System Mounted In Outer Wall Opening
- Electric Baseboard Heater
- Well
- Electric Water Heater
- On Site Septic
Community Details
- No Home Owners Association
- Shen Farms Riverview Subdivision
Listing and Financial Details
- Tax Lot 308A
- Assessor Parcel Number 15D 2 5 308A
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 24, 2024
Closed on
Aug 21, 2024
Sold by
Cox Larry D and Cox Susan Ann
Bought by
Frederickson David and Arthurs Sarah
Seller's Agent
Sue Fincham
Samson Properties
Buyer's Agent
Chris Hall
EXP Realty, LLC
List Price
$399,000
Sold Price
$360,000
Premium/Discount to List
-$39,000
-9.77%
Views
167
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,732
Avg. Annual Appreciation
2.48%
Original Mortgage
$342,000
Outstanding Balance
$338,145
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$34,587
Purchase Details
Closed on
Jan 12, 2021
Sold by
Cox Larry D
Bought by
Cox Larry D and Cox Susan Ann
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Frederickson David | $360,000 | Old Republic National Title In | |
| Cox Larry D | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Frederickson David | $342,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/21/2024 08/21/24 | Sold | $360,000 | 0.0% | $176 / Sq Ft |
| 07/25/2024 07/25/24 | Pending | -- | -- | -- |
| 07/20/2024 07/20/24 | Price Changed | $360,000 | -8.6% | $176 / Sq Ft |
| 07/04/2024 07/04/24 | Price Changed | $394,000 | -1.3% | $192 / Sq Ft |
| 06/24/2024 06/24/24 | For Sale | $399,000 | -- | $195 / Sq Ft |
Source: Bright MLS
Tax History Compared to Growth
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 | $1,762 | $367,900 | $67,300 | $300,600 |
| 2024 | $1,507 | $284,400 | $57,500 | $226,900 |
| 2023 | $1,394 | $284,400 | $57,500 | $226,900 |
| 2022 | $1,362 | $207,900 | $50,000 | $157,900 |
| 2021 | $175 | $207,900 | $50,000 | $157,900 |
| 2020 | $1,336 | $203,900 | $50,000 | $153,900 |
| 2019 | $1,336 | $203,900 | $50,000 | $153,900 |
| 2018 | $1,148 | $173,900 | $45,000 | $128,900 |
| 2017 | $1,130 | $173,900 | $45,000 | $128,900 |
| 2016 | $275 | $173,900 | $45,000 | $128,900 |
| 2015 | -- | $173,900 | $45,000 | $128,900 |
Source: Public Records
Agents Affiliated with this Home
-
Sue Fincham
-
Chris Hall
C
Buyer's Agent in 2024
Chris Hall
EXP Realty, LLC
(540) 664-9499
6 in this area
53 Total Sales
Map
Source: Bright MLS
MLS Number: VAWR2008362
APN: 15D 2 5 308A
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