NOT LISTED FOR SALE

724 Shady Ln Piney River, VA 22964

Estimated Value: $367,349 - $377,000

44 Acres
$8,459 Price per Acre
1,916,640 Sq Ft Lot

Last Sold March 17, 2023

Last sale price $330,000 $227 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,949/month

14 Days on Market

Highlights

  • 44 Acre Lot
  • Spring on Lot
  • Agricultural
  • Mountain View
  • Partially Wooded Lot
  • Open Lot

About This Lot

As of March 2023

Amazing mountain views with multiple building sites and division rights! Own 44 acres (2 parcels - 24 and 20 acres) that are level to gently rolling and mostly cleared for pasture and/or hay; estimating about 80% cleared and 20% wooded per GIS aerial map. Planning and zoning indicates the possibility of 12 division rights. Land is primarily zoned agricultural which permits farm animals and property is currently benefiting from substantial tax savings by being in land use. There is an existing farmhouse (2 over 2 with a kitchen/bathroom addition) that may be restorable; being sold strictly as land though as seller has no knowledge of well, septic, and/or house condition. There are several beautiful sites to build a dream home and capitalize on the mountain views and surrounding acreage for privacy. Soil study for multiple 4Br dwellings! Extras: NO home owners association or restrictions AND high speed fiber optic internet has already been routed to the area! Great location between Charlottesville and Lynchburg (only 6 miles to Rt29, .6 miles to Rt151, and 13 miles to Devils Backbone Brewery. (For your safety: Do NOT walk on porches or enter home/buildings; interior pictures of home provided.)

Last Agent to Sell the Property

MARLO ALLEN

MOUNTAIN AREA NEST REALTY License #0225083760 Listed on: 01/23/2023

Last Buyer's Agent

Richard Walden

VIRGINIA ESTATES License #0225160032

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $317

Lot Details

  • 44 Acre Lot
  • Open Lot
  • Gentle Sloping Lot
  • Partially Wooded Lot
  • Property is zoned A-1 Agricultural

Parking

  • Driveway

Property Views

  • Mountain
  • Valley

Schools

  • Tye River Elementary School
  • Nelson Middle School
  • Nelson High School

Utilities

  • Well
  • Septic Tank
  • Fiber Optics Available

Additional Features

  • Spring on Lot
  • Agricultural

Listing and Financial Details

  • Assessor Parcel Number 64 A 269

Property Details

Property Type

Land

Est. Annual Taxes

$317

Lot Details

0

Listing Details

  • Class: LAND
  • Property Type: Agricultural
  • Division Rights: Yes
  • L V T Date: 01/23/2023
  • Parcel Number: 64 A 269
  • Price Per Sq Ft: 7500
  • Zoning: A-1 Agricultural
  • Additional Assessor Parcel Numbers: 64 A 271A
  • Best Use: Farming, Investment, Residential
  • Current Use: Farm, Vacant
  • In Land Use: Yes
  • Road Street: Public Rd
  • Comments: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Property Details

  • Lot Improvements: Other Buildings, Shed

Interior Features

  • Land Description: Gently Rolling, Nearly Level, Open, Partly Wooded

Exterior Features

  • Number Of Acres: 44
  • View: Mountain View, Pastoral View, Valley View
  • Water Property: Spring

Garage/Parking

  • Driveway: Yes

Utilities

  • Cable Available: Fiber-Optic
  • Sewer/Septic System: Septic Tank
  • Water: Individual Well
  • Electric: Routed to Property

Tax Info

  • Year: 2023
  • Taxes: 317

MLS Schools

  • HighSchool: Nelson
  • Middle School: Nelson
  • Elementary School: Tye River

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2023
Closed on
Mar 13, 2023
Sold by
Drinkard Anthony Louis
Bought by
Drawbars Llc
Seller's Agent
MARLO ALLEN
MOUNTAIN AREA NEST REALTY
Buyer's Agent
Richard Walden
VIRGINIA ESTATES
List Price
$375,000
Sold Price
$330,000
Premium/Discount to List
-$45,000
-12%
Views
39
Current Estimated Value
$372,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,175
Avg. Annual Appreciation
4.29%
Original Mortgage
$264,000
Outstanding Balance
$255,652
Interest Rate
6.09%
Mortgage Type
Credit Line Revolving
Estimated Equity
$116,523
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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Purchase History

Date Buyer Sale Price Title Company
Drawbars Llc $330,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Drawbars Llc $264,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2023 03/17/23 Sold $330,000 -12.0% $227 / Sq Ft
02/06/2023 02/06/23 Pending -- -- --
01/23/2023 01/23/23 For Sale $375,000 -- $258 / Sq Ft
Source: Charlottesville area 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 $263 $135,200 $125,500 $9,700
2024 $263 $135,200 $125,500 $9,700
2023 $263 $135,200 $125,500 $9,700
2022 $263 $135,200 $125,500 $9,700
2021 $276 $133,200 $123,500 $9,700
2020 $276 $133,200 $123,500 $9,700
2019 $276 $133,200 $123,500 $9,700
2018 $0 $133,200 $123,500 $9,700
2017 $959 $133,200 $123,500 $9,700
2016 $959 $133,200 $123,500 $9,700
2015 $276 $133,200 $123,500 $9,700
2014 $276 $133,200 $123,500 $9,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Charlottesville area Association of Realtors®

MLS Number: 637968

Charlottesville area Association of Realtors®

APN: 64-A-269