NOT LISTED FOR SALE

7148 Margarets Ln Chincoteague Island, VA 23336

Estimated Value: $358,000 - $394,000

3 Beds
1 Bath
1,272 Sq Ft
$293/Sq Ft Est. Value

Last Sold December 07, 2020

Last sale price $252,500 $199 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $2,047/month

85 Days on Market

Highlights

  • Bay View
  • No HOA
  • Bar
  • Beach House
  • Double Pane Windows
  • Patio

About This Home

As of December 2020

AMAZING waterview home just steps from Main St. offers large fenced property, multi car parking, paver patio, outbuildings with electric & 4BR septic offering room to expand. Ideal location being just steps away from trolley access, amazing sunsets over the bay, pony parade, rocket launch viewings and minutes walk to the carnival. Lovingly maintained & upgraded home offers spacious rooms, new appliances & large closets throughout. This property has great potential an income producing home you could also enjoy with your family and friends. The current owner has done all the work for you! Get ready to enjoy island living the minute you are handed the keys. Oh...did we forget to mention this home comes fully furnished, turn key? Let's go take a look today!

Last Buyer's Agent

Deborah Stevens

EASTERN SHORE PROPERTIES License #0225021150

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $867

Year Built

  • Built in 1978

Lot Details

  • 0.32 Acre Lot
  • Fenced

Home Design

  • Beach House
  • Block Foundation
  • Composition Roof
  • Aluminum Siding
  • Lead Paint Disclosure

Interior Spaces

  • 1,272 Sq Ft Home
  • 1-Story Property
  • Bar
  • Ceiling Fan
  • Double Pane Windows
  • Window Treatments
  • Insulated Doors
  • Dining Room
  • Bay Views
  • Crawl Space

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Parking

  • No Garage
  • Stone Driveway
  • Open Parking

Outdoor Features

  • Patio
  • Shed

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Baseboard Heating
  • 200+ Amp Service
  • Electric Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Chincoteague Subdivision

Listing and Financial Details

  • Tax Lot 3A
  • $157,600 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$867

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.32
  • Lot Size: .32
  • Water Body Name: Chincoteague Bay
  • Subdivision Name: Chincoteague
  • Directions: From the bridge turn south (right) on Main St. About 1.5 miles turn left on Margarets Lane and the property is on the right.
  • Architectural Style: Ranch, Beach House
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1978
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Water Heater, Range, Washer, Dryer, Refrigerator, Microwave, Range Hood, Dishwasher
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Insulated Doors, Storm Door(s)
  • Entry Location: -
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Vinyl
  • Interior Amenities: 1st Floor Bedroom, Dining Room
  • Living Area: 1272
  • Window Features: Window Treatments, Double Pane Windows
  • Dining Room Features: Bar, Dining Area

Exterior Features

  • Fencing: Fenced
  • Lot Features: <.5 acre +/-
  • View: Water, Bay
  • View: Yes
  • Disclosures: Lead Paint Disclosure
  • Construction Type: Aluminum Siding, Panel
  • Exterior Features: Other
  • Foundation Details: Crawl Space, Block
  • Other Structures: Shed/Barn
  • Patio And Porch Features: Patio
  • Property Condition: 30-50 yrs +/-
  • Roof: Composition

Garage/Parking

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

Utilities

  • Laundry Features: Washer/Dryer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Heat Pump, Baseboard, Electric
  • Heating Yn: Yes
  • Electric: Amps: 200
  • Sewer: Septic Tank
  • Utilities: Cable Connected
  • 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: 13939.2
  • Farm Land Area Units: Square Feet
  • Zoning Description: Residential
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 866.8
  • Tax Book Number: 2010 00863
  • Tax Lot: 3A
  • Tax Map Number: 30A3-10-3A
  • Tax Other Annual Assessment Amount: 157600

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2020
Closed on
Nov 25, 2020
Sold by
Cathleen Krueger
Bought by
Turner Phillip
Buyer's Agent
Deborah Stevens
EASTERN SHORE PROPERTIES
List Price
$254,000
Sold Price
$252,500
Premium/Discount to List
-$1,500
-0.59%
Current Estimated Value
$372,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,345
Avg. Annual Appreciation
8.11%
Original Mortgage
$244,925
Outstanding Balance
$218,445
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$154,400

Purchase Details

Closed on
Feb 22, 2010
Sold by
Kelly Patrick B and Kelly Georgianna L
Bought by
Kastrava Cathleen
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Turner Phillip $252,500 Attorney Only
Kastrava Cathleen -- Lawyers Title Insurance Corp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Turner Phillip $244,925
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2020 12/07/20 Sold $252,500 -0.6% $199 / Sq Ft
11/28/2020 11/28/20 Pending -- -- --
09/03/2020 09/03/20 For Sale $254,000 -- $200 / 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 $1,029 $268,600 $94,900 $173,700
2024 $1,029 $268,600 $94,900 $173,700
2023 $901 $193,800 $71,200 $122,600
2022 $901 $193,800 $71,200 $122,600
2021 $756 $157,600 $71,200 $86,400
2020 $756 $157,600 $71,200 $86,400
2019 $729 $151,800 $71,200 $80,600
2018 $729 $151,800 $71,200 $80,600
2017 $749 $152,800 $71,200 $81,600
2016 $749 $152,800 $71,200 $81,600
2015 $750 $153,000 $71,200 $81,800
2014 $750 $153,000 $71,200 $81,800
2013 -- $155,700 $71,200 $84,500
Source: Public Records

Agents Affiliated with this Home

  • D

    Buyer's Agent in 2020

    Deborah Stevens

    EASTERN SHORE PROPERTIES

    20 in this area

    29 Total Sales

    Deborah Stevens
    Section Image
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Map

Source: Eastern Shore Association of REALTORS®

MLS Number: 52335

APN: 030-A3-10-00-0003-A0

Virginia Accomack County Chincoteague Island 23336

7148 Margarets Ln, Chincoteague Island, VA

Not Listed for Sale

Detached

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