NOT LISTED FOR SALE

8 Cottonwood Ln Lancaster, VA 22503

Estimated Value: $701,000 - $862,061

3 Beds
2.5 Baths
3,212 Sq Ft
$250/Sq Ft Est. Value

Last Sold September 07, 2017

Last sale price $420,000 $131 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $4,655/month

233 Days on Market

Highlights

  • Docks
  • Home fronts a creek
  • Cathedral Ceiling
  • In Ground Pool
  • Deck
  • Main Floor Bedroom

About This Home

As of September 2017

HUGE WATERFRONT VIEWS WITH AMAZING VIEWS INSIDE THIS HOME! DEEP, PROTECTED WATERFRONT AT THE PIER, PRIVATE 2+ ACRES, WATERFRONT POOL & HOME WITH GREAT OPEN LAYOUT! 6.5-7'MLW AT YOUR PRIVATE PIER WITH EASY STEPS FROM THE HOME TO THE PIER, YET NICELY ELEVATED OUT OF THE FLOOD ZONE. AS YOU COME INTO THE HOME YOU CAN GO UPSTAIRS TO THE MAIN LIVING FLOOR OR DOWNSTAIRS WITH FAMILY ROOM, GUEST ROOMS & MORE. THE MAIN LEVEL HAS AN OPEN FLOOR PLAN WITH LIVING ROOM & DINING AREA COMBINED, WOOD BURNING FIREPLACE, BUILT IN CABINET, 2 WALLS OF SLIDING GLASS DOORS LEADING TO DECK & SCREEN PORCH (ANDERSON) WITH AMAZING VIEWS WITH 12'5 PEAK CEILING. LARGE KITCHEN WITH CENTER ISLAND, DINING AREA, PANTRY & SLIDING DOOR TO THE SCREEN PORCH. MAIN FLOOR MASTER WATERFRONT SUITE WITH DECK, LARGE DRESSING ROOM & PRIVATE BATHROOM. DOWNSTAIRS IS A WALKOUT BASEMENT WITH LARGE FAMILY ROOM WITH BUILT-INS & LARGE DESK, MUD ROOM, WORKSHOP, 2 GUEST ROOMS & BATHROOM. FULL SIZED ELEVATOR MAKING BRINGING THE GROCERIES INSIDE EASY AND SIMPLE NEAR THE DETACHED 2 CAR GARAGE. THIS WATERFRONT HOME WAS BUILT FOR THE VIEWS! PRICE MUCH LOWER THAN RECENT APPRAISAL DONE IN 2016.

Last Agent to Sell the Property

Katie and David Dew

IsaBell K. Horsley Real Estate License #0225078297 Listed on: 12/17/2016

Last Buyer's Agent

Joe R. Hunt

Liz Moore & Associates License #0225072007

Liz Moore & Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,538

Year Built

  • Built in 1986

Lot Details

  • 4.13 Acre Lot
  • Home fronts a creek
  • Additional Land
  • Zoning described as R1

HOA Fees

  • $19 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • Circular Driveway

Home Design

  • Frame Construction
  • Composition Roof
  • T111 Siding

Interior Spaces

  • 3,212 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Wood Burning Fireplace
  • Sliding Doors
  • Dining Area
  • Screened Porch
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Accessible Elevator Installed
  • Accessibility Features

Pool

  • In Ground Pool
  • Vinyl Pool

Outdoor Features

  • Mooring
  • Docks
  • Dock Available
  • Deck

Schools

  • Lancaster Elementary And Middle School
  • Lancaster High School

Utilities

  • Central Air
  • Heat Pump System
  • Generator Hookup
  • Well
  • Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 2.05
  • Assessor Parcel Number 20F-1-20

Community Details

Overview

  • Drum Point Subdivision

Recreation

  • Community Bulkhead

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,538

Year Built

Built in 1986

Lot Details

0

HOA Fees

$19 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1986
  • Property Attached Yn: No
  • Lot Size Acres: 4.13
  • Lot Size: 4.13
  • Water Body Name: Corrotoman Rive
  • Co List Office Mls Id: cbra.446
  • Co List Office Phone: (804) 435-2644
  • Ownership: Estate
  • Subdivision Name: Drum Point
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Refrigerator, Washer
  • Accessibility Features: Accessibility Features, Accessible Elevator Installed
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Sliding Doors
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Bedroom on Main Level, Cathedral Ceiling(s), Dining Area
  • Living Area: 3212.0
  • Stories: 2
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Roof: Composition
  • Fencing: None
  • Lot Features: Additional Land Available, Waterfront
  • Pool Features: In Ground, Pool, Vinyl
  • Waterfront Features: Creek, Dock Access, Mooring, Waterfront
  • Waterfront: Yes
  • Disclosures: Disclosure on File
  • Construction Type: Drywall, Frame, T1-11 Siding
  • Exterior Features: Deck, Dock
  • Patio And Porch Features: Screened, Deck
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Circular Driveway, Detached, Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Bulkhead
  • Association Fee: 225.0
  • Association Fee Frequency: Annually
  • Association: Yes

Fee Information

  • Association Fee Includes: Common Areas, Road Maintenance

Schools

  • Middle Or Junior School: Lancaster

Lot Info

  • Parcel Number: 20F-1-20
  • Zoning Description: R1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 3538.0
  • Tax Lot: 2.05

MLS Schools

  • Elementary School: Lancaster
  • High School: Lancaster

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 27, 2023
Sold by
Crowther Stephen P and Crowther Joan C
Bought by
Stephen And Joan Crowther Living Trust
Current Estimated Value
$803,015

Purchase Details

Listed on
Dec 17, 2016
Closed on
Aug 30, 2017
Sold by
Kelsey Frederick S and Kelsey Gregory C
Bought by
Crowther Stephen P and Crowther Joan C
Seller's Agent
Katie and David Dew
IsaBell K. Horsley Real Estate
Buyer's Agent
Joe R. Hunt
Liz Moore & Associates
List Price
$499,000
Sold Price
$420,000
Premium/Discount to List
-$79,000
-15.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.20%
Original Mortgage
$378,000
Interest Rate
3.92%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Stephen And Joan Crowther Living Trust -- None Listed On Document
Crowther Stephen P $420,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Crowther Stephen P $365,500
Previous Owner Crowther Stephen P $378,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/07/2017 09/07/17 Sold $420,000 -15.8% $131 / Sq Ft
08/08/2017 08/08/17 Pending -- -- --
12/17/2016 12/17/16 For Sale $499,000 -- $155 / 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 $3,540 $643,700 $239,100 $404,600
2023 $3,086 $489,900 $224,100 $265,800
2022 $3,086 $489,900 $224,100 $265,800
2021 $3,086 $489,900 $224,100 $265,800
2020 $3,086 $489,900 $224,100 $265,800
2019 $3,086 $489,900 $224,100 $265,800
2018 $2,811 $476,400 $228,100 $248,300
2017 $2,808 $475,900 $227,600 $248,300
2016 -- $475,900 $227,600 $248,300
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chesapeake Bay & Rivers Association of REALTORS®

MLS Number: 1640192

Chesapeake Bay & Rivers Association of REALTORS®

APN: 20F-1-20