NOT LISTED FOR SALE

779 Paynes Creek Rd Lancaster, VA 22503

Estimated Value: $1,143,000 - $1,441,936

5 Beds
3 Baths
3,603 Sq Ft
$347/Sq Ft Est. Value

Last Sold July 23, 2020

Last sale price $860,000 $239 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $7,021/month

405 Days on Market

Highlights

  • Beach Front
  • Boat Ramp
  • Barn
  • Docks
  • Boat Lift
  • Stables

About This Home

As of July 2020

RAPPAHANNOCK RIVER, "PAYNES CREEK FARM" circa 1900. This treasured Southern river cottage is located on a majestic waterfront site on the Rappahannock River with expansive views and unforgettable sunsets. 4.9 acre site with over 300 ft of water frontage offers a truly nostalgic river lifestyle. The home has been loved and enjoyed by its family of grandparents, children and grandchildren that have created a lifetime of memories for the last 18 years . The grounds are enchanting with its landscaping and sweeping lawn down to the water's edge. A dock, boathouse and crab house (for enjoying your catch) are perfect for water sports and fun. The hillside pool and porch next to house complete a great package for outdoor living. History notes, from previous owner, dates Paynes Creek Farm back to (circa 1652) and known as "Paynes Ordinary" (a shipping business) where tobacco was loaded and shipped to England. It is told the original house burned & present home is circa 1900. Large red barn is a fabulous replica of the farm days and offers great storage dependency. 3 large basement rooms with 2 kids bunk rooms and fabulous screened porch

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,250

Year Built

  • Built in 1900

Lot Details

  • 4.9 Acre Lot
  • Beach Front
  • Zoning described as A2

Parking

  • Circular Driveway

Home Design

  • Frame Construction
  • Composition Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Insulated Doors
  • Water Views
  • Dryer Hookup

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Interior Basement Entry

Outdoor Features

  • In Ground Pool
  • Bulkhead
  • Boat Lift
  • Boat Ramp
  • Docks
  • Shed
  • Outbuilding

Schools

  • Lancaster Elementary And Middle School
  • Lancaster High School

Utilities

  • Forced Air Heating and Cooling System
  • Air Source Heat Pump
  • Well
  • Septic Tank

Additional Features

  • Barn
  • Stables

Community Details

  • Community Bulkhead

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,250

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Community Features: Bulkhead
  • Fencing: None
  • Lot Features: Beach Front, Waterfront
  • Lot Size Acres: 4.9
  • View: Water
  • Has View?: Yes
  • Water Body Name: Rappahannock Ri
  • Co List Office Mls Id: cbra.146
  • Ownership: Individuals
  • Subdivision Name: None
  • Directions: From Kilmarnock take Route 3 to Lively. Turn left on Route 201 and follow to end Left of Rt. 354, River Road , Right on Rt. 625 White Hall Road to end of Rt. on Paynes Creek Road to sign on the left.
  • Architectural Style: Other
  • Basement: Interior Entry, Partially Finished, Walk-Out Access
  • Has Basement?: Yes
  • Has Cooling?: Yes
  • Living Area: 3603.0
  • Is New Construction?: No
  • Property Attached Yn: No
  • Year Built Details: Actual
  • Year Built: 1900
  • Property Sub Type Additional: Single Family Residence
  • RecordSignature: 2040241001
  • Below Grade Unfinished Area: 459.0
  • Special Features: None
  • Year Built: 1900

Interior Features

  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 1070.0
  • Door Features: Insulated Doors
  • Flooring: Tile, Wood
  • Interior Amenities: Bedroom on Main Level, Ceiling Fan(s)
  • Total Bedrooms: 10
  • Stories: 1

Exterior Features

  • Pool Features: In Ground, Pool
  • Waterfront Features: Bulkhead, Boat Ramp/Lift Access, Waterfront
  • Waterfront?: Yes
  • Disclosures: Disclosure on File
  • Construction Type: Frame, Vinyl Siding, Wood Siding
  • Exterior Features: Boat Lift, Dock, Out Building(s), Storage, Shed
  • Other Structures: Barn(s), Outbuilding, Stable(s)
  • Property Condition: Resale
  • Roof: Composition

Garage/Parking

  • Has Attached Garage?: No
  • Parking Features: Circular Driveway

Utilities

  • Laundry Features: Dryer Hookup
  • Cooling: Central Air, Heat Pump
  • Heating: Electric, Forced Air, Heat Pump
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Well

Schools

  • Elementary School: Lancaster
  • High School: Lancaster
  • Middle Or Junior School: Lancaster

Lot Info

  • Zoning Description: A2

Tax Info

  • Tax Annual Amount: 4250.0
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2019
Closed on
Jul 13, 2020
Sold by
Remick Katherine G and Wetzel Scot T
Bought by
Mason Matthew and Manning Jessica
List Price
$995,000
Sold Price
$860,000
Premium/Discount to List
-$135,000
-13.57%
Current Estimated Value
$1,249,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$389,234
Avg. Annual Appreciation
7.04%
Original Mortgage
$688,000
Outstanding Balance
$607,158
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$642,076
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Purchase History

Date Buyer Sale Price Title Company
Mason Matthew $860,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mason Matthew $688,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/23/2020 07/23/20 Sold $860,000 -13.6% $239 / Sq Ft
06/23/2020 06/23/20 Pending -- -- --
05/15/2019 05/15/19 For Sale $995,000 -- $276 / Sq Ft
Source: Chesapeake Bay & Rivers 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 $5,863 $1,066,000 $360,300 $705,700
2024 $5,863 $1,066,000 $360,300 $705,700
2023 $4,378 $694,900 $240,300 $454,600
2022 $4,378 $694,900 $240,300 $454,600
2021 $4,378 $694,900 $240,300 $454,600
2020 $4,378 $694,900 $240,300 $454,600
2019 $4,378 $694,900 $240,300 $454,600
2018 $4,250 $720,400 $289,300 $431,100
2017 $4,250 $720,400 $289,300 $431,100
2016 -- $692,400 $289,300 $403,100
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Map

Source: Chesapeake Bay & Rivers Association of REALTORS®

MLS Number: 1915939

APN: 25-10B

Virginia Lancaster County Lancaster 22503

779 Paynes Creek Rd, Lancaster, VA

Not Listed for Sale

Detached

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Nearby Homes