NOT LISTED FOR SALE

7 Kings Ct Unit 7 Cape Charles, VA 23310

Estimated Value: $871,000 - $943,925

0.73 Acre
$1,245,179 Price per Acre
31,799 Sq Ft Lot

Last Sold September 20, 2023

Last sale price $54,900

Est. 1,556% increase in value since last sale

Current estimated payment $5,265/month

205 Days on Market

Highlights

  • Bayside
  • Farm
  • Level Lot

About This Lot

As of September 2023

Tower Hill Estates is a great subdivision that has 25 or so homes built to date. This is a .73 acre lot that fronts on Kings Creek Parkway which the entrance road into the subdivision. Part of the lot is farmed but there is no long term lease.. High speed internet underground has just been installed in front of all lots in the subdivision HOA is active and fee is $275 per year. Modular construction is allowed if desired.. Roads are state maintained. Located just a couple miles from Cape Charles with the town beach and Brown Dog Ice Cream. .Boat ramps in Cape Charles, Oyster, Kiptopeke State Park and the Eastern Shore Wildlife Refuge are all close by.

Last Agent to Sell the Property

David Griffith

COLDWELL BANKER HARBOUR REALTY License #0225059142 Listed on: 03/24/2022

COLDWELL BANKER HARBOUR REALTY

Last Buyer's Agent

None/Non-Member/Out Of Area Agent

None/Non-Member/Out of Area

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $228

Lot Details

  • 0.73 Acre Lot
  • Property fronts a highway
  • Level Lot

HOA Fees

  • $23 Monthly HOA Fees

Schools

  • Kiptopeke Elementary And Middle School
  • Northampton High School

Additional Features

  • Bayside
  • Farm
  • Phone Available

Community Details

  • Tower Hill Estates Subdivision

Listing and Financial Details

  • Tax Lot 7
  • $27,500 per year additional tax assessments

Property Details

Property Type

Land

Est. Annual Taxes

$228

Lot Details

0

HOA Fees

$23 per month

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 0.73
  • Lot Size: 0.73
  • Road Frontage Type: Highway
  • Subdivision Name: Tower Hill Estates
  • Directions: Rt 13 to the Cape Charles area. Turn off on Parsons Circle Road just past the Hardees if you are going South and or just north of the Cape Charles light if coming from the South turn on Kings Creek Parkway lot will be on your right . Legal description: LOT 3 WATERSON'S POINT AT TOWER HILL PHASE 1 SECT 3
  • Special Features: None

Interior Features

  • Possible Use: Residential

Exterior Features

  • Lot Features: .5-.9 acre +/-, Farm
  • Topography: Level
  • Waterfront Features: Bayside
  • Waterfront: No
  • Disclosures: HOA Disclosure
  • Other Structures: None

Utilities

  • Utilities: Electricity Available, Phone Available

Condo/Co-op/Association

  • Association Fee: 275
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Elementary School: Kiptopeke
  • High School: Northampton
  • Middle Or Junior School: Kiptopeke

Lot Info

  • Lot Size Sq Ft: 31798.8
  • Farm Land Area Units: Square Feet
  • Zoning Description: Residential
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 228
  • Tax Book Number: 311 page 522
  • Tax Lot: 7
  • Tax Map Number: 84-16-7
  • Tax Other Annual Assessment Amount: 27500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 24, 2022
Closed on
Aug 29, 2023
Sold by
Sommer Ilona K and Sommer Heinrich H
Bought by
Spurrier Nathaniel J and Spurrier Kristin M
Seller's Agent
David Griffith
COLDWELL BANKER HARBOUR REALTY
Buyer's Agent
None/Non-Member/Out Of Area Agent
None/Non-Member/Out of Area
List Price
$54,900
Sold Price
$54,900
Views
2
Current Estimated Value
$908,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$854,081
Avg. Annual Appreciation
278.20%
Original Mortgage
$676,800
Outstanding Balance
$661,955
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$247,026

Purchase Details

Closed on
Sep 23, 2022
Sold by
Sommer Ilona K
Bought by
Sommer Ilona K and Sommer Heinrich H

Purchase Details

Closed on
Jun 27, 2012
Sold by
Carole Ann Construction Co Inc
Bought by
Sommer Ilona K
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Spurrier Nathaniel J $846,000 None Listed On Document
Sommer Ilona K -- --
Sommer Ilona K $418,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spurrier Nathaniel J $676,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2023 09/20/23 Sold $54,900 0.0% --
10/17/2022 10/17/22 Pending -- -- --
03/25/2022 03/25/22 For Sale $54,900 -- --
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 $5,536 $808,200 $122,400 $685,800
2023 $3,574 $470,300 $67,400 $402,900
2022 $3,574 $470,300 $67,400 $402,900
2021 $3,611 $432,400 $62,400 $370,000
2020 $3,611 $432,400 $62,400 $370,000
2019 $3,340 $402,400 $62,400 $340,000
2018 $3,340 $402,400 $62,400 $340,000
2017 $2,826 $402,400 $62,400 $340,000
2016 $2,826 $340,500 $62,400 $278,100
2015 -- $340,500 $62,400 $278,100
2011 -- $600,400 $233,000 $367,400
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    David Griffith

    COLDWELL BANKER HARBOUR REALTY

    (757) 331-2800

    62 in this area

    99 Total Sales

    David Griffith
    Section Image

  • N

    Buyer's Agent in 2023

    None/Non-Member/Out Of Area Agent

    None/Non-Member/Out of Area

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Map

Source: Eastern Shore Association of REALTORS®

MLS Number: 55523

APN: 83A1-12-137

Virginia Northampton County Cape Charles 23310

7 Kings Ct Unit 7, Cape Charles, VA

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