NOT LISTED FOR SALE

779 Paynes Creek Rd Lancaster, VA 22503

Estimated Value: $694,000 - $1,479,270

5 Beds
3 Baths
3,603 Sq Ft
$331/Sq Ft Est. Value

Last Sold July 23, 2020

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

Est. 39% increase in value since last sale

Current estimated payment $6,971/month

404 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

Last Agent to Sell the Property

Sandra Huggins Hargett

VirginiaBay Properties, Inc. License #0225186742 Listed on: 05/15/2019

Last Buyer's Agent

Suzy Smith

Cobblestone Realty, Inc. License #0225234963

Cobblestone Realty, Inc.

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

  • 3,603 Sq Ft Home
  • 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
  • Boat Lift
  • Boat Ramp
  • Docks
  • Shed
  • Outbuilding

Schools

  • Lancaster Elementary And Middle School
  • Lancaster High School

Utilities

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

Additional Features

  • Barn
  • Stables

Community Details

  • Community Bulkhead

Listing and Financial Details

  • Assessor Parcel Number 25-10B

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,250

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1900
  • Property Attached Yn: No
  • Lot Size Acres: 4.9
  • Water Body Name: Rappahannock Ri
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Other
  • Garage Yn: No
  • New Construction: No
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • General Property Information Below Grade Unfinished Area: 459.0
  • Special Features: None

Interior Features

  • Flooring: Tile, Wood
  • Basement: Interior Entry, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 5
  • Below Grade Sq Ft: 1070.0
  • Door Features: Insulated Doors
  • Interior Amenities: Bedroom on Main Level, Ceiling Fan(s)
  • Living Area: 3603.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: None
  • Lot Features: Beach Front, Waterfront
  • Pool Features: In Ground, Pool
  • View: Water
  • View: Yes
  • Waterfront Features: 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

Garage/Parking

  • Parking Features: Circular Driveway

Utilities

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

Condo/Co-op/Association

  • Community Features: Bulkhead

Schools

  • Middle Or Junior School: Lancaster

Lot Info

  • Parcel Number: 25-10B
  • Zoning Description: A2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 4250.0

MLS Schools

  • Elementary School: Lancaster
  • High School: Lancaster

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
Seller's Agent
Sandra Huggins Hargett
VirginiaBay Properties, Inc.
Buyer's Agent
Suzy Smith
Cobblestone Realty, Inc.
List Price
$995,000
Sold Price
$860,000
Premium/Discount to List
-$135,000
-13.57%
Current Estimated Value
$1,192,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$332,068
Avg. Annual Appreciation
8.41%
Original Mortgage
$688,000
Outstanding Balance
$617,879
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$682,448
Source: Public Records

Range of Values:

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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
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 Change Sq Ft Price
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
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

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Sandra Huggins Hargett

    VirginiaBay Properties, Inc.

  • S

    Buyer's Agent in 2020

    Suzy Smith

    Cobblestone Realty, Inc.

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Map

Source: Chesapeake Bay & Rivers Association of REALTORS®

MLS Number: 1915939

Chesapeake Bay & Rivers Association of REALTORS®

APN: 25-10B

Virginia Lancaster County Lancaster 22503

779 Paynes Creek Rd, Lancaster, VA

This home is located at 779 Paynes Creek Rd, Lancaster, VA 22503 since 15 May 2019 and is currently estimated at $1,192,068, approximately $330 per square foot. This property was built in 1900. 779 Paynes Creek Rd is a home located in Lancaster County with nearby schools including Lancaster Primary School, Lancaster Middle School, and Lancaster High School.

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.

Chesapeake Bay & Rivers Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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