NOT LISTED FOR SALE

6145 Martin Ln Unit 5 Chincoteague, VA 23336

Chincoteague Neighborhood

Estimated Value: $127,000 - $382,000

0.38 Acre
$583,624 Price per Acre
16,553 Sq Ft Lot

Last Sold May 18, 2023

Last sale price $85,000

Est. 161% increase in value since last sale

Current estimated payment $1,272/month

226 Days on Market

Highlights

  • Water Views
  • No HOA
  • Level Lot

About This Lot

As of May 2023

Buildable lot on Chincoteague Island. Believed to have a four bedroom septic on site. Nice flat, mostly cleared lot. Distant waterview. Lot size is estimated and based on Accomack County's website.

Last Agent to Sell the Property

Bob Faith

DOCKSIDE PROPERTIES Brokerage Phone: 7573363200 License #0225091052 Listed on: 08/22/2022

Last Buyer's Agent

Meghan Oliver Clarkson

LONG & FOSTER CHINCOTEAGUE License #0225085807

LONG & FOSTER CHINCOTEAGUE

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $437

Lot Details

  • 0.38 Acre Lot
  • Level Lot

Property Views

  • Water Views

Schools

  • Chincoteague Elementary School
  • Chincoteague Combined Middle School
  • Chincoteague High School

Community Details

  • No Home Owners Association
  • Chincoteague Subdivision

Listing and Financial Details

  • Tax Lot 5
  • $75,000 per year additional tax assessments

Property Details

Property Type

Land

Est. Annual Taxes

$437

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 0.38
  • Lot Size: .38
  • Water Body Name: Assateague Channel
  • Subdivision Name: Chincoteague
  • Directions: From Drawbridge turn left on Deep Hole Rd. Right on Martin Lane. On left.
  • Attribution Contact: 7573363200
  • Special Features: None

Interior Features

  • Possible Use: Residential

Exterior Features

  • Lot Features: <.5 acre +/-
  • Topography: Level
  • View: Water
  • View: Yes

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: No

Schools

  • Elementary School: Chincoteague
  • High School: Chincoteague
  • Middle Or Junior School: Chincoteague Combined

Lot Info

  • Lot Size Sq Ft: 16552.8
  • Farm Land Area Units: Square Feet

Tax Info

  • Tax Book Number: 2002 2900
  • Tax Lot: 5
  • Tax Map Number: 31B2-5-5
  • Tax Other Annual Assessment Amount: 75000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 16, 2023
Sold by
Cmh Homs Inc
Bought by
Hale Nathan T
Current Estimated Value
$221,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$274,928
Outstanding Balance
$271,238
Interest Rate
7.44%
Mortgage Type
Construction
Estimated Equity
-$49,461

Purchase Details

Listed on
Aug 22, 2022
Closed on
Apr 21, 2023
Sold by
Binion Michael L
Bought by
Cmh Hms Inc
Seller's Agent
Bob Faith
DOCKSIDE PROPERTIES
Buyer's Agent
Meghan Oliver Clarkson
LONG & FOSTER CHINCOTEAGUE
List Price
$110,000
Sold Price
$85,000
Premium/Discount to List
-$25,000
-22.73%
Views
18

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
58.23%

Purchase Details

Closed on
Jan 1, 2002
Bought by
Binion Michael L
Source: Public Records

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Range of Values:

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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
Hale Nathan T $280,000 --
Cmh Hms Inc $85,000 --
Binion Michael L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hale Nathan T $274,928
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/18/2023 05/18/23 Sold $85,000 -22.7% --
04/06/2023 04/06/23 Pending -- -- --
08/22/2022 08/22/22 For Sale $110,000 -- --
Source: Eastern Shore 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
2024 $437 $114,100 $107,100 $7,000
2023 $349 $75,000 $75,000 $0
2022 $349 $75,000 $75,000 $0
2021 $360 $75,000 $75,000 $0
2020 $360 $75,000 $75,000 $0
2019 $360 $75,000 $75,000 $0
2018 $360 $75,000 $75,000 $0
2017 $368 $75,000 $75,000 $0
2016 $368 $75,000 $75,000 $0
2015 $368 $75,000 $75,000 $0
2014 $368 $75,000 $75,000 $0
2013 -- $75,000 $75,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Bob Faith

    Seller's Agent in 2023

    Bob Faith

    DOCKSIDE PROPERTIES

    (757) 894-1479

    49 in this area

    671 Total Sales

    Bob Faith
    Section Image
  • Meghan Oliver Clarkson

    Buyer's Agent in 2023

    Meghan Oliver Clarkson

    LONG & FOSTER CHINCOTEAGUE

    (757) 894-0798

    310 in this area

    721 Total Sales

    Meghan Oliver Clarkson
    Section Image
See All Agents

Map

Source: Eastern Shore Association of REALTORS®

MLS Number: 56440

APN: 031-B2-05-00-0005-00

Virginia Accomack County Chincoteague 23336 Chincoteague

6145 Martin Ln Unit 5, Chincoteague, VA

This home is located at 6145 Martin Ln Unit 5, Chincoteague, VA 23336 since 22 August 2022 and is currently estimated at $221,777. 6145 Martin Ln Unit 5 is a home located in Accomack County with nearby schools including Chincoteague Elementary School, Chincoteague High School, and Lighthouse Christian Academy.

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