NOT LISTED FOR SALE

8 Possum Ln Palmyra, VA 22963

Estimated Value: $351,000 - $388,000

4 Beds
2.5 Baths
2,128 Sq Ft
$176/Sq Ft Est. Value

Last Sold April 30, 2021

Last sale price $275,000 $129 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,254/month

1 Day on Market

Highlights

  • Beach
  • Community Boat Launch
  • Gated Community
  • Golf Course Community
  • 24-Hour Security
  • Community Lake

About This Home

As of April 2021

Mature shade trees are the backdrop to this fantastic home where you're beckoned to the front porch swing or sit a spell in a rocking chair. Inside you will love the real hardwood floors that are found throughout the main level, as well as two spacious living rooms, giving everyone a place to spread out. The large kitchen features stainless appliances, tons of cabinets and counter space, and even room for an island, plus there's a laundry room with a pantry. Cozy winter nights call for a real wood burning fireplace which is the focal point of the large family room. Upstairs, the owners suite features walk in closet and huge bathroom with dual vanities, whirlpool tub and separate shower. 3 additional bedrooms make this 4 bedroom home hard to find in this price range. A glass atrium door leads from the kitchen to the 16 x 12 rear deck where there's plenty of room for grilling and summer outdoor dining while kids and pets play in the fenced in back yard. The back yard extends almost 60 feet past the fence so there's even more room for little explorers and privacy lovers. Added bonuses are a large storage shed, a 1 year home warranty for the new owners, plus the seller will credit $2000 to the purchasers at closing. Don't miss out!

Last Agent to Sell the Property

Tara Savage

KELLER WILLIAMS ALLIANCE - CHARLOTTESVILLE License #0225044570 Listed on: 03/05/2021

KELLER WILLIAMS ALLIANCE - CHARLOTTESVILLE

Last Buyer's Agent

LORA ANDERSON

REAL ESTATE III, INC. License #0225224845

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,321

Year Built

  • 1995

Lot Details

  • 0.34 Acre Lot
  • Picket Fence
  • Partially Fenced Property
  • Fence is in good condition
  • Mature Landscaping
  • Gentle Sloping Lot
  • Wooded Lot
  • Property is zoned R-4 Residential

HOA Fees

  • $92 Monthly HOA Fees

Parking

  • Gravel Driveway

Home Design

  • Concrete Block With Brick
  • Composition Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,128 Sq Ft Home
  • 2-Story Property
  • Multiple Fireplaces
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Vinyl Clad Windows
  • Insulated Windows
  • Family Room with Fireplace
  • Living Room
  • Dining Room
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Formica Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Outdoor Features

  • Storage Shed
  • Playground

Utilities

  • Central Air
  • Heat Pump System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 18A 2 290

Community Details

Overview

  • Association fees include area maint, beach, boat launch, master ins. policy, play area, prof. mgmt., road maint, security force, snow removal, tennis, trash pickup
  • $650 HOA Transfer Fee
  • Community Lake

Amenities

  • Picnic Area
  • Clubhouse
  • Community Center
  • Community Dining Room

Recreation

  • Community Boat Launch
  • Beach
  • Golf Course Community
  • Tennis Courts
  • Soccer Field
  • Community Basketball Court
  • Community Playground
  • Community Pool
  • Trails

Security

  • 24-Hour Security
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,321

Year Built

1995

Lot Details

0

HOA Fees

$92 per month

Listing Details

  • Class: Residential
  • Property Type: Detached
  • Above Grade Finished Sq Ft: 2128
  • Animal: Domestic Pets
  • Design: Colonial
  • Electricity: Elec Underground
  • L V T Date: 03/04/2021
  • Parcel Number: 18A 2 290
  • Price Per Sq Ft: 129.23
  • Property Included: Shed, refrigerator, porch swing.
  • Total Sq Ft: 2128
  • Type of Construction: On Site Built
  • Zoning: R-4 Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1995

Interior Features

  • Fireplace: One, Wood Burning
  • Laundry: Dryer Hookup, Washer Hookup
  • Basement Type: Crawl
  • Room 1: Living Room, On Level: 1
  • Room 2: Dining Room, On Level: 1
  • Room 3: Family Room, On Level: 1
  • Room 4: Kitchen, On Level: 1
  • Room 5: Laundry, On Level: 1
  • Room 6: Half Bath, On Level: 1
  • Room 7: Master Bedroom, On Level: 2
  • Room 8: Master Bedroom, On Level: 2
  • Room 9: Bedroom, On Level: 2
  • Room 10: Bedroom, On Level: 2
  • Room 11: Bedroom, On Level: 2
  • Room 12: Full Bath, On Level: 2
  • Total Finished Sq Ft: 2128
  • Above Grade Finished Sq Ft: 2128
  • Bathroom: Attach Mstr Bath, Ceramic Tile
  • Fireplace Location: Family Room
  • Foundation: Concrete Block
  • Kitchen Appliances Feat: Dishwasher, Disposal, Eat-In, Electric Range, Microwave, Refrigerator
  • Kitchen Cabinets Counters: Formica Counter, Oak Cabinets
  • Land Description: Gently Rolling, Wooded
  • Level: 2 Story
  • Bathrooms: 2.5
  • Number of Main Level Bathrooms: 0.5
  • Number Beds: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Room Types: Bedroom, Dining Room, Family Room, Full Bath, Half Bath, Kitchen, Laundry, Living Room, Master Bedroom
  • Room Types Level1: Dining Room (L1), Family Room (L1), Half Bath (L1), Kitchen (L1), Laundry (L1), Living Room (L1)
  • Room Types Level2: Bedroom (L2+), Full Bath (L2+), Master Bathroom (L2+), Master Bedroom (L2+)
  • Source of Sq Ft: Public Records

Exterior Features

  • Fence: Condition Good, Partially Fenced, Picket
  • Exterior: Vinyl
  • Number Of Acres: 0.34
  • Roof: Composition Shingle
  • Structure Deck Porch: Deck, Porch - Front
  • Structure Features: Whirlpool/Jetted Tub, Walk-In Closet
  • Structure Floors: Carpet, Ceramic Tile, Hardwood
  • Structure Security: 24-Hr Security, Gated Community, Smoke Detector(s)
  • Structure Window Ceiling: Insulated Windows, Tilt Sash Windows, Vinyl Clad Windows
  • View: Residential View, Wooded View
  • Yard: Fenced, Mature

Garage/Parking

  • Driveway: Gravel

Utilities

  • Cooling: Central Ac, Heat Pump
  • Heating: Heat Pump
  • Cable Available: Cable, Dsl
  • Security: Deadbolts, Security Force
  • Sewer/Septic System: Public Sewer
  • Water: Public Water

Condo/Co-op/Association

  • HOA/COA Amenities: Basketball Court, Beach, Boat Launch, Clubhouse, Community Room, Dining Rooms, Golf, Lake, Picnic Area, Play Area, Pool, Soccer Field, Tennis, Walk/Run Trails
  • Association Setup Transfer Fee Type: $
  • Association Setup Transfer Fees: 650
  • Association Fee: Hoa
  • Association Frequency: Annual
  • Association Includes: Area Maint, Beach, Boat Launch, Master Ins. Policy, Play Area, Prof. Mgmt., Road Maint, Security Force, Snow Removal, Tennis, Trash Pickup
  • Association Fee: 1108

Lot Info

  • Lot Features: Fenced Part, Private Gated Community, Private Road, Storage Shed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2021
Closed on
Apr 6, 2021
Sold by
Wills Raymond C
Bought by
Dugan Nicholas P and Dugan Caley Dawn
Seller's Agent
Tara Savage
KELLER WILLIAMS ALLIANCE - CHARLOTTESVILLE
Buyer's Agent
LORA ANDERSON
REAL ESTATE III, INC.
List Price
$254,900
Sold Price
$275,000
Premium/Discount to List
$20,100
7.89%
Current Estimated Value
$374,398

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$99,398
Avg. Annual Appreciation
7.10%
Original Mortgage
$268,620
Outstanding Balance
$242,531
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$131,867

Purchase Details

Closed on
Apr 5, 2016
Sold by
Mccollum Robb M and Mccollum Kimberly A
Bought by
Wills Raymond C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$196,377
Interest Rate
3.75%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 14, 2008
Sold by
Jovanovich Bradley and Jovanovich Denise
Bought by
Walker Eleanore F and Hartman Joseph T

Purchase Details

Closed on
Nov 9, 2006
Sold by
Simmons Patrick L and Simmons Mary B
Bought by
Jovanovich Bradley and Jovanovich Denise

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$222,000
Interest Rate
6.36%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2005
Sold by
Loving Betty and Behler Betty Loving
Bought by
Simmons Patrick L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$43,000
Interest Rate
5.61%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Dugan Nicholas P $275,000 Old Republic National Title In
Wills Raymond C $200,000 Stewart Title
Walker Eleanore F $227,000 None Available
Jovanovich Bradley $247,000 None Available
Simmons Patrick L $215,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dugan Nicholas P $268,620
Previous Owner Wills Raymond C $196,377
Previous Owner Jovanovich Bradley $222,000
Previous Owner Simmons Patrick L $43,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2021 04/30/21 Sold $275,000 +7.9% $129 / Sq Ft
03/06/2021 03/06/21 Pending -- -- --
03/05/2021 03/05/21 For Sale $254,900 -- $120 / 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 $2,321 $309,400 $30,000 $279,400
2024 $21 $248,900 $30,000 $218,900
2023 $2,101 $248,900 $30,000 $218,900
2022 $1,839 $211,400 $27,500 $183,900
2021 $1,839 $211,400 $27,500 $183,900
2020 $1,906 $206,100 $27,500 $178,600
2019 $1,906 $206,100 $27,500 $178,600
2018 $1,773 $195,500 $27,500 $168,000
2017 $1,773 $195,500 $27,500 $168,000
2016 $1,755 $191,400 $27,500 $163,900
2015 $1,631 $191,400 $27,500 $163,900
2014 $1,631 $185,300 $27,500 $157,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Charlottesville area Association of Realtors®

MLS Number: 614179

Charlottesville area Association of Realtors®

APN: 18A 2 290