NOT LISTED FOR SALE

7055 Wayne Rd Chincoteague Island, VA 23336

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

3 Beds
1.5 Baths
1,632 Sq Ft
$511/Sq Ft Est. Value

Last Sold July 17, 2018

Last sale price $70,000 $43 Per Sq Ft

Est. 1,091% increase in value since last sale

Current estimated payment $4,765/month

126 Days on Market

Highlights

  • Deck
  • Brick Veneer
  • 1-Story Property
  • No HOA

About This Home

As of July 2018

Here is your opportunity to renovate a home that came to Chincoteague on a barge from Assateague! This home has had a large addition built on the back giving extra square footage. This home is sold as is. It is in need of your creativity and handy work. Currently sitting on a little over a third of an acre. The adjacent lot is also for sale separately or could be a package opportunity.

Last Agent to Sell the Property

Meghan Oliver Clarkson

LONG & FOSTER CHINCOTEAGUE License #0225085807 Listed on: 02/28/2018

LONG & FOSTER CHINCOTEAGUE

Last Buyer's Agent

Meghan Oliver Clarkson

LONG & FOSTER CHINCOTEAGUE License #0225085807 Listed on: 02/28/2018

LONG & FOSTER CHINCOTEAGUE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,138

Year Built

  • Built in 1959

Lot Details

  • 0.3

Parking

  • No Garage

Home Design

  • Brick Veneer
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,632 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

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

Additional Features

  • Deck
  • 0.3 Acre Lot
  • Cesspool

Community Details

  • No Home Owners Association
  • Chincoteague Subdivision

Listing and Financial Details

  • Tax Lot 4A
  • $162,800 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,138

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.3
  • Lot Size: 0.3
  • Subdivision Name: Chincoteague
  • Directions: From Bridge, turn right on Main, left on Church, right on ridge, left on Wayne
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1959
  • Special Features: None
  • Stories: 1

Interior Features

  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Entry Location: x
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: None
  • Living Area: 1632

Exterior Features

  • Lot Features: <.5 acre +/-
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Brick Veneer, Vinyl Siding, Brick
  • Foundation Details: Crawl Space
  • Patio And Porch Features: Deck
  • Property Condition: 50-100 yrs +/-
  • Roof: Composition

Garage/Parking

  • Attached Garage: No
  • Parking Features: No Garage

Utilities

  • Sewer: Cesspool
  • Water Source: Public

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: 13068
  • Farm Land Area Units: Square Feet
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Book Number: 2016 00432
  • Tax Lot: 4A
  • Tax Map Number: 30A4-15-4A
  • Tax Other Annual Assessment Amount: 162800

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 9, 2020
Sold by
Garcia Gilbert N
Bought by
Brady Toni Marie and Brady Ryan L
Current Estimated Value
$833,605

Purchase Details

Listed on
Feb 28, 2018
Closed on
Jul 3, 2018
Sold by
Merritt Toni C
Bought by
Garcia Gilbert N and Shumate James O
Seller's Agent
Meghan Oliver Clarkson
LONG & FOSTER CHINCOTEAGUE
Buyer's Agent
Meghan Oliver Clarkson
LONG & FOSTER CHINCOTEAGUE
List Price
$115,000
Sold Price
$70,000
Premium/Discount to List
-$45,000
-39.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.00%
Original Mortgage
$88,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
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
07/17/2018 07/17/18 Sold $70,000 -39.1% $43 / Sq Ft
07/05/2018 07/05/18 Pending -- -- --
02/28/2018 02/28/18 For Sale $115,000 -- $70 / Sq Ft
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 2018

    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: 47163

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

Virginia Accomack County Chincoteague Island 23336

7055 Wayne Rd, Chincoteague Island, VA

This home is located at 7055 Wayne Rd, Chincoteague Island, VA 23336 since 28 February 2018 and is currently estimated at $833,605, approximately $510 per square foot. This property was built in 1959. 7055 Wayne Rd is a home located in Accomack County with nearby schools including Chincoteague Elementary School, Chincoteague High School, and Lighthouse Christian Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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