NOT LISTED FOR SALE

5597 Paynes Point Rd Gloucester, VA 23061

Gloucester South Neighborhood

Estimated Value: $985,105 - $1,087,000

4 Beds
4 Baths
3,504 Sq Ft
$301/Sq Ft Est. Value

Last Sold June 20, 2019

Last sale price $735,000 $210 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $5,906/month

1 Day on Market

Highlights

  • Pier or Dock
  • Home fronts navigable water
  • Colonial Architecture
  • Abingdon Elementary School Rated 9+
  • 7.03 Acre Lot
  • Wood Flooring

About This Home

As of June 2019

UNDER CONTRACT- NO DRIVEBYS. Waterfront paradise is less than 10 minutes to The Coleman Bridge. Well maintained home is located on 7 acres of serenity. Stunning views of the 1225' shoreline with deep water on Wilsons Creek a tributary of Ware River/Bay. The pier has power, lights and water. Full house generator. 2018 Complete kitchen remodel by Colonial Cabinets with built in pantries, new windows, leaf guard gutters, gorgeous propane master bedroom f/p. Rinnai on demand water heater and encapsulated crawl space. Ask for a feature sheet and please see the aerial video of the waterway.

Last Agent to Sell the Property

Chris Hannan

Coldwell Banker NOW 3 License #0225104430 Listed on: 04/17/2019

Last Buyer's Agent

Non-Member Non-Member

Williamsburg Multiple Listing Service

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,249

Year Built

  • Built in 1972

Lot Details

  • 7.03 Acre Lot
  • Home fronts navigable water
  • Partially Fenced Property
  • Fenced Front Yard
  • Irrigation

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Fire Rated Drywall
  • Aluminum Siding

Interior Spaces

  • 3,504 Sq Ft Home
  • 2-Story Property
  • Built-in Bookshelves
  • Recessed Lighting
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Gas Fireplace
  • Bay Window
  • French Doors
  • Sliding Doors
  • Formal Dining Room
  • Pull Down Stairs to Attic
  • Washer and Dryer Hookup

Kitchen

  • Double Oven
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Instant Hot Water

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Double Vanity

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • 3 Car Attached Garage
  • Circular Driveway

Schools

  • Abingdon Elementary School
  • Page Middle School
  • Gloucester High School

Utilities

  • Heat Pump System
  • Power Generator
  • Irrigation Well
  • Well
  • Tankless Water Heater
  • Water Softener
  • Conventional Septic

Community Details

  • Pier or Dock

Listing and Financial Details

  • Assessor Parcel Number 40-48C

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,249

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Zoning: c-2
  • Property Type: Residential
  • Property Sub Type: Detached
  • Style: 2-Story, Colonial
  • Structure: Wood
  • Price Per Finished Sq Ft: 209.76
  • Appliances Equipment: Dishwasher, Double Oven, Generator, Microwave, Refrigerator, Water Softener
  • Total Bathrooms: 4.00
  • Body Of Water: Wilsons Creek
  • County Or City: Gloucester
  • Parcel Number: 40-48C
  • Siding: Aluminum, Brick
  • SP/ Sq Ft: 209.76
  • Wall Type: Drywall
  • Water Type: Dock/Pier, MLW 4-6 Ft, MLW 6+ Ft, Navigable
  • Year Built Description: Actual
  • Acres: 7.0300
  • Total Sq Ft: 3504
  • Year Built: 1972
  • Special Features: None
  • Stories: 2
  • Year Built: 1972

Interior Features

  • Number of Rooms: 11
  • Fireplace: Gas, Wood Burning
  • Total Fireplaces: 2
  • Flooring: Carpet, Tile, Wood
  • Attic: Pull Down
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Level 1 Full Bathrooms: 1
  • Level 2 Full Bathrooms: 3
  • Interior: Bay/Bow Window, Built In Cabinet/Bookcases, Countertops - Granite/Stone, Double Vanity, Dryer Hookup, Formal Dining Room, French Doors, Recessed Lighting, Walk-In Closet, Washer Hookup
  • Number Of Levels: 2.00
  • Post Office: Gloucester

Exterior Features

  • Fence: Front Only, Part Fenced
  • Exterior: Irrigation System, Sliding Doors, Storm Doors, Storm Windows
  • Waterfront: Yes

Garage/Parking

  • Garage Type: Attached, Detached, Finished, Pedestrian Door
  • Number Of Cars: 3 +
  • Parking: Circular Drive

Utilities

  • Heating Fuel: Electric
  • Heating: Heat Pump
  • Cooling: Heat Pump
  • Sewer: Conventional Septic
  • Water: Well
  • Water Heater: Instant Hot, Tankless

Schools

  • Elementary School: Abingdon
  • High School: Gloucester
  • Middle School: Page

Rental Info

  • Minimum Deposit: 2500

Tax Info

  • Annual Taxes: 4249.00
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 31, 2021
Sold by
Smith Family Trust
Bought by
Smith Evan and Smith Katharine
Current Estimated Value
$1,054,526

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$558,218
Outstanding Balance
$502,886
Interest Rate
2.75%
Mortgage Type
New Conventional
Estimated Equity
$551,640

Purchase Details

Listed on
Apr 17, 2019
Closed on
Jun 7, 2019
Sold by
George Edward H and George Lori Ann
Bought by
Smith Evan and Smith Katharine
Seller's Agent
Chris Hannan
Coldwell Banker NOW 3
Buyer's Agent
Non-Member Non-Member
Williamsburg Multiple Listing Service
List Price
$750,000
Sold Price
$735,000
Premium/Discount to List
-$15,000
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.63%
Original Mortgage
$588,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 22, 2016
Sold by
The Ludwell Lewis Pickett Trust Dated Ju
Bought by
George Edward H and George Lori Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
3.92%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Smith Evan -- First American Title
Smith Evan $735,000 Attorney
George Edward H $600,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Evan $558,218
Previous Owner Smith Evan $588,000
Previous Owner George Edward H $480,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2019 06/20/19 Sold $735,000 -2.0% $210 / Sq Ft
04/18/2019 04/18/19 Pending -- -- --
04/17/2019 04/17/19 For Sale $750,000 -- $214 / Sq Ft
Source: Williamsburg Multiple Listing Service

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 $5,356 $858,390 $413,170 $445,220
2024 $5,356 $858,390 $413,170 $445,220
2023 $5,090 $858,390 $413,170 $445,220
2022 $4,669 $635,300 $283,910 $351,390
2021 $4,479 $635,300 $283,910 $351,390
2020 $4,251 $602,940 $283,910 $319,030
2019 $4,279 $607,020 $315,450 $291,570
2017 $4,279 $607,020 $315,450 $291,570
2016 $4,885 $692,920 $378,500 $314,420
2015 $4,781 $601,000 $243,000 $358,000
2014 $3,967 $601,000 $243,000 $358,000
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Chris Hannan

    Coldwell Banker NOW 3

  • N

    Buyer's Agent in 2019

    Non-Member Non-Member

    VA_WMLS

See All Agents

Map

Source: Williamsburg Multiple Listing Service

MLS Number: 1901558

Williamsburg Multiple Listing Service

APN: 21790

Virginia Gloucester County Gloucester 23061 Gloucester South

5597 Paynes Point Rd, Gloucester, VA

Not Listed for Sale

Detached

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