NOT LISTED FOR SALE

765 Palmer Ln Lancaster, VA 22503

Estimated Value: $852,000 - $1,287,792

3 Beds
4 Baths
3,836 Sq Ft
$270/Sq Ft Est. Value

Last Sold December 23, 2019

Last sale price $549,950 $143 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $6,200/month

7 Days on Market

Highlights

  • River Front
  • Deck
  • Wood Flooring
  • Cape Cod Architecture
  • Wooded Lot
  • 2 Fireplaces

About This Home

As of December 2019

LOOKING FOR A VIEW?? Welcome to this beautiful, custom built waterfront home situated on 5 acres over looking the gorgeous Corrotoman River. This is 3,836 sq.ft of pure beauty! Your main living floor offers 3 spacious bedrooms, 3 full baths, formal rooms, office and a cool "theater" room for entertaining. The kitchen flows into an open floor plan with high ceilings, natural beams and tons of natural light. A cozy screened in porch gives you the added bonus of sitting outside to enjoy your coffee & river view. Your master bedroom has a huge walk in closet and french doors that walk out to the deck; another perfect view of the river. The second floor has loads of potential as it is roughed in for 3 additional bedrooms and one full bath. All it needs is YOUR finishing touch. The heated unfinished basement includes an over-sized 2 car garage, spacious workshop and does have a 4th full bathroom. This large area does have the potential to be more living space as well. Brand new dual heating/air systems. Don't miss the opportunity for river living! Schedule your appointment today.

Last Agent to Sell the Property

Woody Hogg

ERA Woody Hogg & Assoc License #0225108938 Listed on: 11/11/2019

ERA Woody Hogg & Assoc

Co-Listed By

Kris Boykin

ERA Woody Hogg & Assoc License #0225209078

Last Buyer's Agent

Bernadette La Casse

Isabell K. Horsley Real Estate License #0225217482

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,629

Year Built

  • Built in 2002

Lot Details

  • 5.1 Acre Lot
  • River Front
  • Wooded Lot
  • Zoning described as R1

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Rear-Facing Garage
  • Garage Door Opener
  • Driveway
  • Unpaved Parking

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,836 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Built-In Features
  • Bookcases
  • Beamed Ceilings
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Window Treatments
  • Bay Window
  • French Doors
  • Sliding Doors
  • Insulated Doors
  • Separate Formal Living Room
  • Dining Area
  • Screened Porch
  • Water Views
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Kitchen Island
  • Solid Surface Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Bathroom Rough-In
  • 4 Full Bathrooms
  • Double Vanity
  • Garden Bath

Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • River Access
  • Deck
  • Exterior Lighting

Schools

  • Lancaster Elementary And Middle School
  • Lancaster High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Generator Hookup
  • Well
  • Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 21-38G

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,629

Year Built

Built in 2002

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2002
  • Property Attached Yn: No
  • Lot Size Acres: 5.099
  • Water Body Name: Corrotoman Rvr
  • Co List Office Mls Id: WHOG03
  • Co List Office Phone: 804-559-4644
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Cape Cod
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • General Property Information Below Grade Unfinished Area: 2649.0
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Basement: Full, Heated, Walk-Out Access
  • Appliances: Built-In Oven, Cooktop, Electric Water Heater, Gas Cooking, Microwave, Range, Range Hood
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 3
  • Door Features: French Doors, Insulated Doors, Sliding Doors
  • Fireplace Features: Masonry, Wood Burning
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Beamed Ceilings, Wet Bar, Bookcases, Built-in Features, Bathroom Rough-In, Bay Window, Ceiling Fan(s), Dining Area, Separate/Formal Dining Room, Double Vanity, French Door(s)/Atrium Door(s), Garden Tub/Roman Tub, High Ceilings, Kitchen Island, Bath in Primary Bedroom, Main Level Primary, Pantry, Recessed Lighting, Solid Surface Counters, Walk-In Closet(s), Window Treatments
  • Living Area: 3836.0
  • Stories: 1
  • Window Features: Window Treatments
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Shingle
  • Fencing: None
  • Lot Features: Wooded, Waterfront
  • Pool Features: None
  • View: Water
  • View: Yes
  • Waterfront Features: River Front, River Access, Waterfront
  • Waterfront: Yes
  • Construction Type: Brick, Drywall, Frame
  • Exterior Features: Deck, Lighting, Unpaved Driveway
  • Patio And Porch Features: Screened, Wrap Around, Deck
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Driveway, Garage, Garage Door Opener, Oversized, Garage Faces Rear, Unpaved

Utilities

  • Heating: Electric, Heat Pump, Zoned
  • Cooling: Central Air, Zoned
  • Electric: Generator Hookup
  • Sewer: Septic Tank
  • Water Source: Well
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Lancaster

Lot Info

  • Parcel Number: 21-38G
  • Zoning Description: R1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 4629.0
  • Tax Lot: 1

MLS Schools

  • Elementary School: Lancaster
  • High School: Lancaster

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2019
Closed on
Dec 12, 2019
Sold by
Witherow Tonya D and Witherow Richard A
Bought by
Kim David
Seller's Agent
Woody Hogg
ERA Woody Hogg & Assoc
Buyer's Agent
Bernadette La Casse
Isabell K. Horsley Real Estate
List Price
$549,950
Sold Price
$549,950
Current Estimated Value
$1,042,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$493,037
Avg. Annual Appreciation
12.55%
Original Mortgage
$249,950
Outstanding Balance
$223,124
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$845,761

Purchase Details

Closed on
May 23, 2019
Sold by
Citimortgage Inc
Bought by
Witherow Tonya D and Witherow Richard A

Purchase Details

Closed on
Jul 10, 2018
Sold by
Equity Trustees Llc
Bought by
Citimortgage Inc
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
Kim David $549,950 Lawyers Title Mid Peninsula
Witherow Tonya D $341,250 Closeline Llc
Citimortgage Inc $680,012 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kim David $249,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2019 12/23/19 Sold $549,950 0.0% $143 / Sq Ft
11/18/2019 11/18/19 Pending -- -- --
11/11/2019 11/11/19 For Sale $549,950 -- $143 / Sq Ft
Source: Central Virginia Regional 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
2024 $5,877 $1,068,500 $260,600 $807,900
2023 $5,567 $883,700 $245,600 $638,100
2022 $5,567 $883,700 $245,600 $638,100
2021 $5,567 $883,700 $245,600 $638,100
2020 $5,495 $872,200 $245,600 $626,600
2019 $5,495 $872,200 $245,600 $626,600
2018 $4,629 $784,500 $296,800 $487,700
2017 $4,629 $784,500 $296,800 $487,700
2016 -- $784,500 $296,800 $487,700
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 1936436

Central Virginia Regional MLS

APN: 21-38G