NOT LISTED FOR SALE

7142 Silver Sails Landing Chincoteague, VA 23336

Estimated Value: $478,429 - $555,000

2 Beds
2.5 Baths
1,556 Sq Ft
$321/Sq Ft Est. Value

Last Sold October 18, 2018

Last sale price $230,000 $148 Per Sq Ft

Est. 117% increase in value since last sale

Current estimated payment $2,862/month

355 Days on Market

Highlights

  • Outdoor Pool
  • Cathedral Ceiling
  • Screened Porch
  • Deck
  • Main Floor Bedroom
  • Double Pane Windows

About This Home

As of October 2018

This charming duplex will be a great addition to any property portfolio. Light, bright & open, this well maintained duplex is a successful vacation rental home in the serene, yet fun-filled tourist destination.The home features a 1st floor master suite & one bedroom plus bonus room on the 2nd story, as well as 2.5 bathrooms. A pitched ceiling fills the open-plan kitchen, dining & living room with light & space, making it the perfect place to relax at the end of a day exploring the island. The covered, screened porch overlooks the natural surroundings is ideal for a summer BBQ's. While the covered front porch offers communal pool views w which the home has shared access. Conveniently located close to the carnival grounds & town makes this an ideal vacation spot. Sold furnished & Turn Key!

Last Agent to Sell the Property

Meghan Oliver Clarkson

LONG & FOSTER CHINCOTEAGUE License #0225085807 Listed on: 10/27/2017

LONG & FOSTER CHINCOTEAGUE

Last Buyer's Agent

Meghan Oliver Clarkson

LONG & FOSTER CHINCOTEAGUE License #0225085807 Listed on: 10/27/2017

LONG & FOSTER CHINCOTEAGUE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,418

Year Built

  • Built in 2004

Lot Details

  • 0.32

HOA Fees

  • $92 Monthly HOA Fees

Home Design

  • Duplex
  • Composition Roof
  • Metal Roof
  • Vinyl Siding

Interior Spaces

  • 1,556 Sq Ft Home
  • 2-Story Property
  • Bar
  • Sheet Rock Walls or Ceilings
  • Cathedral Ceiling
  • Double Pane Windows
  • Window Treatments
  • Dining Area
  • Screened Porch
  • Crawl Space

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • Stone Driveway
  • Open Parking

Outdoor Features

  • Outdoor Pool
  • Deck

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System
  • Electric Water Heater
  • Shared Septic
  • Cable TV Available

Community Details

  • Siversail Association
  • Silver Sails Subdivision

Listing and Financial Details

  • Tax Lot 4B
  • $259,900 per year additional tax assessments

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,418

Year Built

Built in 2004

Lot Details

0

HOA Fees

$92 per month

Listing Details

  • Property Sub Type: Duplex,Multi Family,Single Family Residence
  • Prop. Type: Residential
  • Lot Size: .25+/-
  • Subdivision Name: Silver Sails
  • Directions: From bridge, turn right on Main St, turn left on Church St, Turn right on Willow and left on Silver Sails Landing, take a right, town home in face the pool
  • Architectural Style: Duplex
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Property Attached Yn: Yes
  • Building Stories: 2
  • Structure Type: Duplex
  • Year Built: 2004
  • Kitchen Level: First
  • RoomBedroom1Level: First
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater, Range, Microwave, Dishwasher, Refrigerator, Washer, Dryer
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Location: 0
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Interior Amenities: Cathedral Ceiling(s), 1st Floor Bedroom
  • Living Area: 1556
  • Window Features: Window Treatments, Double Pane Windows
  • Room Bedroom2 Level: Second
  • Dining Room Features: Dining Area, Bar
  • Living Room Living Room Level: First
  • Room Bedroom3 Area: 144.0278
  • Room Bedroom2 Area: 149.625
  • Room Living Room Area: 234
  • Room Bedroom3 Level: Second
  • Room Kitchen Area: 114.5625
  • Dining Room Dining Room Level: First
  • Room Dining Room Area: 163.2222

Exterior Features

  • Lot Features: <.5 acre +/-
  • Pool Features: Outdoor Pool
  • Pool Private: Yes
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Vinyl Siding, Sheetrock
  • Foundation Details: Crawl Space
  • Patio And Porch Features: Screened, Deck, Porch
  • Property Condition: 5-15 yrs +/-
  • Roof: Composition, Metal

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: No Garage, Stone Driveway

Utilities

  • Laundry Features: Washer/Dryer Hookup
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Shared Septic
  • Utilities: Cable Connected
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Community Amenities
  • Association Fee: 1100
  • Association Fee Frequency: Annually
  • Association Name: SiverSail
  • Association: No

Schools

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

Lot Info

  • Farm Land Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1417.92
  • Tax Book Number: 2004 06013
  • Tax Lot: 4B
  • Tax Map Number: 30A3-22-4B
  • Tax Other Annual Assessment Amount: 259900

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2017
Closed on
Oct 11, 2018
Sold by
Zigner John C and Zigner Judith K
Bought by
Burch William L
Seller's Agent
Meghan Oliver Clarkson
LONG & FOSTER CHINCOTEAGUE
Buyer's Agent
Meghan Oliver Clarkson
LONG & FOSTER CHINCOTEAGUE
List Price
$264,000
Sold Price
$230,000
Premium/Discount to List
-$34,000
-12.88%
Current Estimated Value
$500,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$270,107
Avg. Annual Appreciation
11.49%
Original Mortgage
$184,000
Outstanding Balance
$160,459
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$339,648
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Burch William L $230,000 Attorney Only
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burch William L $184,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/18/2018 10/18/18 Sold $230,000 -12.9% $148 / Sq Ft
10/18/2018 10/18/18 Pending -- -- --
10/27/2017 10/27/17 For Sale $264,000 -- $170 / 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 $1,668 $435,600 $86,000 $349,600
2024 $1,668 $435,600 $86,000 $349,600
2023 $1,500 $322,600 $86,000 $236,600
2022 $1,500 $322,600 $86,000 $236,600
2021 $1,227 $255,700 $86,000 $169,700
2020 $1,227 $255,700 $86,000 $169,700
2019 $1,167 $243,200 $86,000 $157,200
2018 $1,167 $243,200 $86,000 $157,200
2017 $1,241 $253,200 $95,400 $157,800
2016 $1,241 $253,200 $95,400 $157,800
2015 $1,354 $276,300 $118,000 $158,300
2014 $1,354 $276,300 $118,000 $158,300
2013 -- $235,000 $72,800 $162,200
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

    279 in this area

    666 Total Sales

    Meghan Oliver Clarkson
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Map

Source: Eastern Shore Association of REALTORS®

MLS Number: 46657

APN: 030-A3-22-00-0004-B0

Virginia Accomack County Chincoteague 23336

7142 Silver Sails Landing, Chincoteague, VA

Not Listed for Sale

MultiFamily

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