NOT LISTED FOR SALE

721 Monument Ln Culpeper, VA 22701

Estimated Value: $437,000 - $529,000

5 Beds
3.5 Baths
3,378 Sq Ft
$147/Sq Ft Est. Value

Last Sold December 04, 2023

Last sale price $450,000 $133 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,880/month

4 Days on Market

Highlights

  • Home fronts navigable water
  • Spa
  • Colonial Architecture
  • Water Access
  • View of Trees or Woods
  • Deck

About This Home

As of December 2023

Amazing price on this beautifully updated colonial in popular Lakeview of Culpeper! The home is located on Monument lane, a private cul-de-sac that backs to Yowell Meadow Park and a trail that connects downtown and Lake Culpeper. The home is sure to impress the moment you enter the two-story foyer. A spacious and open living/dining room is on the right, with a bay window, and it connects to the high-end kitchen, featuring concrete countertops, tiled backsplash, island, gas cooktop, and Samsung black stainless appliances. The eat-in kitchen opens to the large family room with a gas fireplace & mantel. The main level also includes a half bathroom and laundry/mud room that connects to the attached 2 car garage. Upstairs, the owner’s suite features a built-in desk unit, a walk-in closet, a second closet, and the en suite bathroom with double vanity. There are 3 other spacious bedrooms and a full bathroom on this level. The finished walk-out basement is full of light, and includes a 5th bedroom, full bathroom, and a rec room with dry bar & wall safe. Enjoy the outdoors on the covered front porch or back deck, overlooking the fenced backyard with fire pit, patio, hot tub, play set, and shed! Many updates have recently been done: a new 30+ yr roof, vinyl flooring, and the kitchen renovation & appliances in 2019; a new water heater in 2020; new washer/dryer, water main valve, and water pressure regulator in 2022; and new Anderson exterior sliding glass doors on both levels in 2023. The house also features custom window blinds, patio blinds, Trane HVAC, Honeywell alarm system, and garage keypad. Xfinity cable/internet is available, perfect for work from home or streaming. The Lakeview community is minutes from historic downtown Culpeper, and includes an outdoor pool, tennis & basketball courts, playgrounds, trails, and access to Lake Culpeper, with a dock & boat ramp. Don’t miss your opportunity to be the next owner of this wonderful property! Buyer's financing denied right away on previous contract. Great new price and motivated sellers!

Last Agent to Sell the Property

John Fischer

(540) 407-0967 john.fischer@exprealty.com EXP Realty, LLC Listed on: 10/27/2023

EXP Realty, LLC

Last Buyer's Agent

Lori Dolieslager

(703) 967-6694 lori@propertiesandestates.com Pearson Smith Realty LLC License #0225218806

Pearson Smith Realty LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,178

Year Built

  • Built in 2003

Lot Details

  • 7,405 Sq Ft Lot
  • Home fronts navigable water
  • Back Yard Fenced
  • Backs to Trees or Woods
  • Property is zoned R2

HOA Fees

  • $82 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Front Facing Garage
  • Driveway

Property Views

  • Woods
  • Park or Greenbelt

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Permanent Foundation
  • Vinyl Siding

Interior Spaces

  • Property has 3 Levels
  • Ceiling Fan
  • Gas Fireplace
  • Family Room Off Kitchen
  • Wood Flooring
  • Home Security System
  • Attic
  • Finished Basement

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • En-Suite Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Water Access
  • Property is near a lake
  • Deck
  • Patio
  • Playground
  • Play Equipment

Location

  • Property is near a park

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 165
  • Assessor Parcel Number 40U 3 165

Community Details

Overview

  • $984 Capital Contribution Fee
  • Lakeview Of Culpeper Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,178

Year Built

Built in 2003

Lot Details

0

HOA Fees

$82 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 2003
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Dryer, Oven/Range - Gas, Refrigerator, Washer
  • Interior Amenities: Attic, Ceiling Fan(s), Family Room Off Kitchen, Kitchen - Eat-In, Kitchen - Island, Primary Bath(s), Wood Floors
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Permanent
  • Levels Count: 3
  • Room List: Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4
  • Basement: Yes
  • Basement Type: Fully Finished
  • Laundry Type: Main Floor
  • Total Sq Ft: 3994
  • Living Area Sq Ft: 3378
  • Price Per Sq Ft: 189.23
  • Above Grade Finished Sq Ft: 2378
  • Below Grade Finished Sq Ft: 1000
  • Below Grade Sq Ft: 616
  • Total Below Grade Sq Ft: 1616
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 5
  • All Lower Level Bedrooms: 1
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2
  • Lower Levels Bathrooms: 1
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Brick, Vinyl Siding
  • Exterior Features: Hot Tub, Play Area, Play Equipment
  • View: Trees/Woods, Park/Greenbelt
  • Water Access: Yes
  • Water Body Name: Lake Culpeper
  • Water Body Type: Lake
  • Waterfront: No
  • Water Oriented: Yes
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Garage - Front Entry
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Attached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Natural Gas
  • Security: Security System
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 82.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Fee Information

  • Capital Contribution Fee: 984.00

Schools

  • School District Source: Listing Agent

Lot Info

  • Fencing: Rear
  • Lot Features: Backs - Parkland, Backs To Trees
  • Lot Size Acres: 0.17
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7405.00
  • Outdoor Living Structures: Patio(s), Deck(s)
  • Zoning: R2
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2178.00
  • Assessor Parcel Number: 40U 3 165
  • Tax Lot: 165
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022

MLS Schools

  • School District Name: CULPEPER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2023
Closed on
Nov 30, 2023
Sold by
Kraus Kathleen A and Kraus Vance A
Bought by
Wheeler Brandon and Jeffries Amber
Seller's Agent
John Fischer
EXP Realty, LLC
Buyer's Agent
Lori Dolieslager
Pearson Smith Realty LLC
List Price
$450,000
Sold Price
$450,000
Views
27
Current Estimated Value
$496,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$46,907
Avg. Annual Appreciation
5.06%
Original Mortgage
$427,500
Outstanding Balance
$419,871
Interest Rate
7.63%
Mortgage Type
New Conventional
Estimated Equity
$77,036

Purchase Details

Listed on
Jan 12, 2017
Closed on
Mar 17, 2017
Sold by
Kovacs Douglas P and Kovacs Michelle Settle
Bought by
Kraus Kathleen A and Kraus Vance A
Seller's Agent
Brandon Carroll
Samson Properties
Buyer's Agent
Kim Kibben-Wright
MYVAHOME.COM LLC
List Price
$279,000
Sold Price
$282,500
Premium/Discount to List
$3,500
1.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.17%
Original Mortgage
$282,500
Interest Rate
4.19%
Mortgage Type
VA

Purchase Details

Closed on
Jun 18, 2003
Sold by
Richmond American Homes O
Bought by
Kovacs Douglas P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,850
Interest Rate
5.71%
Mortgage Type
New Conventional
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
Wheeler Brandon $450,000 Bridge Title
Kraus Kathleen A $282,500 Title Associates Of Va Inc
Kovacs Douglas P $241,150 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wheeler Brandon $427,500
Previous Owner Kraus Kathleen A $282,500
Previous Owner Kovacs Douglas P $92,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/04/2023 12/04/23 Sold $450,000 0.0% $133 / Sq Ft
10/31/2023 10/31/23 Pending -- -- --
10/27/2023 10/27/23 For Sale $450,000 +59.3% $133 / Sq Ft
03/17/2017 03/17/17 Sold $282,500 +1.3% $90 / Sq Ft View Prior Sale
02/01/2017 02/01/17 Pending -- -- --
01/12/2017 01/12/17 For Sale $279,000 -- $89 / Sq Ft
Source: Bright MLS

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 $2,301 $467,000 $112,200 $354,800
2024 $2,301 $444,400 $98,300 $346,100
2023 $0 $434,300 $98,300 $336,000
2022 $2,178 $344,600 $79,700 $264,900
2021 $2,178 $344,600 $79,700 $264,900
2020 $1,807 $291,400 $68,200 $223,200
2019 $1,807 $291,400 $68,200 $223,200
2018 $1,853 $276,500 $64,900 $211,600
2017 $1,853 $276,500 $64,900 $211,600
2016 $1,694 $232,100 $56,900 $175,200
2015 $1,694 $232,100 $56,900 $175,200
2014 $1,888 $196,700 $45,000 $151,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: VACU2006422

Bright MLS

APN: 40-U-3-165