NOT LISTED FOR SALE

7055 Wayne Rd Unit 3a&4a Chincoteague Island, VA 23336

Estimated Value: $578,000 - $1,134,815

0.66 Acre
$1,260,746 Price per Acre
28,802 Sq Ft Lot

Last Sold January 16, 2020

Last sale price $105,000

Est. 694% increase in value since last sale

Current estimated payment $4,765/month

366 Days on Market

Highlights

  • 0.66 Acre Lot
  • No HOA
  • Level Lot
  • Partially Wooded Lot

About This Lot

As of January 2020

PRICE REDUCED!Amazing opportunity to own an oversized lot to build your dream home on! This lot is well over a half acre & has a 3 bedroom septic approval letter on file. The lot has had a wet land delineation, has been filled & graded to ensure proper drainage. This lot is located on a quite side street w/ wide roads that lead out to Ridge Rd or East Side Rd where you can see vistas of the lighthouse. On this lot you will find some mature hardwoods along side the rear & the left side of the property. The building envelope is ready for a large home & additional buildings. This is a MOTIVATED SELLER! BRING OFFERS

Last Agent to Sell the Property

Meghan Oliver Clarkson

LONG & FOSTER CHINCOTEAGUE License #0225085807 Listed on: 01/07/2019

LONG & FOSTER CHINCOTEAGUE

Last Buyer's Agent

Meghan Oliver Clarkson

LONG & FOSTER CHINCOTEAGUE License #0225085807 Listed on: 01/07/2019

LONG & FOSTER CHINCOTEAGUE

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,138

Lot Details

  • 0.66 Acre Lot
  • Lot Dimensions are 150 x 192
  • Level Lot
  • Open Lot
  • Partially Wooded Lot

Schools

  • Chincoteague Combined Elementary And Middle School
  • Chincoteague High School

Community Details

  • No Home Owners Association
  • Chincoteague Subdivision

Listing and Financial Details

  • Tax Lot 3a&4a
  • $171,500 per year additional tax assessments

Property Details

Property Type

Land

Est. Annual Taxes

$4,138

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 0.6612
  • Lot Size: 150 x 192
  • Subdivision Name: Chincoteague
  • Directions: From the bridge turn right onto Main St. Left onto Church St. Right onto Ridge and Left onto Wayne Rd. Lot is on the left
  • Special Features: None

Interior Features

  • Possible Use: Residential

Exterior Features

  • Lot Features: Open Lot, .5-.9 acre +/-
  • Topography: Level
  • Waterfront Features: None
  • Waterfront: No
  • Other Structures: None

Utilities

  • Utilities: Other

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 28800
  • Farm Land Area Units: Square Feet
  • Zoning Description: Residential
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Book Number: 2018 02547
  • Tax Lot: 3a&4a
  • Tax Map Number: 30A4-15-3A*
  • Tax Other Annual Assessment Amount: 171500

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2019
Closed on
Jan 9, 2020
Sold by
Garcia Gilbert N
Bought by
Brady Toni Marie and Brady Ryan L
Seller's Agent
Meghan Oliver Clarkson
LONG & FOSTER CHINCOTEAGUE
Buyer's Agent
Meghan Oliver Clarkson
LONG & FOSTER CHINCOTEAGUE
List Price
$105,000
Sold Price
$105,000
Current Estimated Value
$833,605

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$728,605
Avg. Annual Appreciation
43.47%

Purchase Details

Closed on
Jul 3, 2018
Sold by
Merritt Toni C
Bought by
Garcia Gilbert N and Shumate James O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
4.5%
Mortgage Type
New Conventional
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
Brady Toni Marie $105,000 Coastal Title & Closing
Garcia Gilbert N $110,000 Attorney Only
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garcia Gilbert N $88,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/16/2020 01/16/20 Sold $105,000 0.0% --
01/09/2020 01/09/20 Pending -- -- --
01/07/2019 01/07/19 For Sale $105,000 -- --
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
2025 $4,138 $1,080,400 $123,100 $957,300
2024 $4,138 $1,080,400 $123,100 $957,300
2023 $3,534 $760,100 $86,200 $673,900
2022 $3,513 $755,400 $86,200 $669,200
2021 $1,551 $323,100 $86,200 $236,900
2020 $414 $86,200 $86,200 $0
2019 $414 $86,200 $86,200 $0
2018 $775 $161,500 $72,000 $89,500
2017 $798 $162,800 $72,000 $90,800
2016 $798 $162,800 $72,000 $90,800
2015 $80 $164,100 $72,000 $92,100
2014 $804 $164,100 $72,000 $92,100
2013 -- $167,300 $72,000 $95,300
Source: Public Records

Agents Affiliated with this Home

  • Meghan Oliver Clarkson

    Seller's Agent in 2020

    Meghan Oliver Clarkson

    LONG & FOSTER CHINCOTEAGUE

    (757) 894-0798

    288 in this area

    685 Total Sales

    Meghan Oliver Clarkson
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Map

Source: Eastern Shore Association of REALTORS®

MLS Number: 48974

APN: 030-A4-15-00-0004-A0

Virginia Accomack County Chincoteague Island 23336

7055 Wayne Rd Unit 3a&4a, Chincoteague Island, VA

This home is located at 7055 Wayne Rd Unit 3a&4a, Chincoteague Island, VA 23336 since 07 January 2019 and is currently estimated at $833,605. 7055 Wayne Rd Unit 3a&4a 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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