$100,000
SOLD MAR 4, 2025

7 Colony Dr Unit 115 Cape Charles, VA 23310

0.18 Acre
$552,486 Price per Acre
7,884 Sq Ft Lot

Recently Sold

22% Below List Price

126 Days on Market

Highlights

  • Water Access
  • Bayside
  • Level Lot
  • Home fronts a pond

About This Lot

As of March 2025

Lake front building site w/southern exposure has panoramic water views in Marina Village in BayCreek. Generously sized lot in The Colony has long water views looking out towards the Chesapeake Bay w/ colorful sunsets. Short walk or golf cart ride to private beaches in this gated community. Kings Creek Marina is just around the corner with Oyster Farm Restaurant and C-Pier. Memberships available in Bay Creek for golf and sports/social memberships. Access to The Preserve Nature Trails and Coach House Tavern bar/restaurant. Bay Creek has community pool and Tennis & Pickle ball courts. Cape Charles Historic district w/ shops, galleries, restaurants, theater and Central Park is just a gof cart ride away. Build now or hold for investment!

Last Agent to Sell the Property

Kimberley Starr

CHESAPEAKE PROPERTIES Brokerage Phone: 7573318100 License #0225043630 Listed on: 09/20/2024

Last Buyer's Agent

Kimberley Starr

CHESAPEAKE PROPERTIES Brokerage Phone: 7573318100 License #0225043630 Listed on: 09/20/2024

Property Details

Property Type

  • Land

Lot Details

  • 7,884 Sq Ft Lot
  • Home fronts a pond
  • Property fronts a private road
  • Level Lot
  • Open Lot

HOA Fees

  • $172 Monthly HOA Fees

Location

  • Bayside

Listing and Financial Details

  • Tax Lot 115
  • $100,000 per year additional tax assessments

Community Details

Overview

  • Bay Creek Association
  • Bay Creek The Colony Subdivision

Recreation

  • Water Access

Property Details

Property Type

Land

Lot Details

0

HOA Fees

$172 per month

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 0.181
  • Lot Size: .181
  • Road Frontage Type: Private Road
  • Water Body Name: Pond Front
  • Subdivision Name: Bay Creek - The Colony
  • Directions: Rt 13 to 184 West turn right on Fig Street to the entrance to The Colony. The lot is the second one in on the left.
  • Special Features: None

Interior Features

  • Possible Use: Residential

Exterior Features

  • Lot Features: Open Lot, <.5 acre +/-
  • Topography: Level
  • Waterfront Features: Water Front, Pond Front, Water Access-Private, Bayside, Waterfront
  • Waterfront: Yes
  • Disclosures: HOA Disclosure
  • Other Structures: None

Utilities

  • Utilities: Electricity Available, Water Available, Sewer Available

Condo/Co-op/Association

  • Community Features: Community Amenities
  • Association Fee: 2064
  • Association Fee Frequency: Annually
  • Association Name: Bay Creek
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 7884.36
  • Farm Land Area Units: Square Feet
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Book Number: 18/1856
  • Tax Lot: 115
  • Tax Map Number: 83A1-11-115
  • Tax Other Annual Assessment Amount: 100000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2024
Closed on
Feb 6, 2025
Sold by
Peacock Cottage Llc
Bought by
Monday Frederick Daniel and Monday Marie E
Seller's Agent
Kimberley Starr
CHESAPEAKE PROPERTIES
Buyer's Agent
Kimberley Starr
CHESAPEAKE PROPERTIES
List Price
$129,000
Sold Price
$100,000
Premium/Discount to List
-$29,000
-22.48%
Views
43
Current Estimated Value
$116,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,792
Avg. Annual Appreciation
19.05%
Original Mortgage
$70,000
Outstanding Balance
$69,588
Interest Rate
6.96%
Mortgage Type
Credit Line Revolving
Estimated Equity
$47,204

Purchase Details

Closed on
Nov 16, 2018
Sold by
Cape Charles Llc
Bought by
Peacock Cottage Llc

Purchase Details

Closed on
Mar 29, 2005
Sold by
Goodboe Michael R and Goodboe Ruth L
Bought by
Cape Charles Llc
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $100,000 None Listed On Document
Warranty Deed $17,000 A&N Title Settlement
Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $70,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/04/2025 03/04/25 Sold $100,000 -22.5% --
01/24/2025 01/24/25 Pending -- -- --
01/06/2025 01/06/25 For Sale $129,000 +29.0% --
01/01/2025 01/01/25 Off Market $100,000 -- --
09/20/2024 09/20/24 For Sale $129,000 -- --
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 $685 $100,000 $100,000 $0
2023 $608 $80,000 $80,000 $0
2022 $608 $80,000 $80,000 $0
2021 $155 $18,600 $18,600 $0
2020 $155 $18,600 $18,600 $0
2019 $249 $30,000 $30,000 $0
2018 $249 $30,000 $30,000 $0
2017 $249 $30,000 $30,000 $0
2016 $249 $30,000 $30,000 $0
2015 -- $30,000 $30,000 $0
2011 -- $175,000 $175,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Eastern Shore Association of REALTORS®

MLS Number: 62210

APN: 83A1-11-115