NOT LISTED FOR SALE

8048 Atlantic Rd Wallops Island, VA 23337

Estimated Value: $223,277 - $345,000

2 Beds
1 Bath
1,020 Sq Ft
$267/Sq Ft Est. Value

Last Sold October 11, 2019

Last sale price $125,000 $123 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $1,510/month

292 Days on Market

Highlights

  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Tile Flooring
  • Bar
  • Patio
  • Combination Dining and Living Room

About This Home

As of October 2019

NEW PRICE! This 2 Bdrm/1 Bath Home on Wallops Island has TONS of potential! Conveniently located near the NASA/Wallops Flight Facility, Chincoteague Island, Assateague Island, & everywhere you want to be, it would be a great Starter Home or Investment Property. Wonderful Open Floor Plan w/Tiled Kitchen & Dining Areas - tons of space. The Kitchen is Bright & Beachy with Coastal Mosaic Tiles in Backsplash & Light Cabinetry. Spacioius Living Area has a Cozy Fireplace for chilly evenings. Just off the Kitchen is a Mud Room w/ access to Fenced-in Patio, across the Hall is large Utility Room. Down the Hall are 2 spacious Bedrooms, & wait til you see the Bonus Room off the Master! With High Ceilings, Exposed Beams, & Sky Lights - so many possibilities! 1 Car Garage & Huge Yard - Great Value!!

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $876

Year Built

  • Built in 1970

Lot Details

  • 0.25

Parking

  • 1 Car Garage
  • Stone Driveway
  • Open Parking

Home Design

  • Composition Roof
  • Vinyl Siding
  • Lead Paint Disclosure

Interior Spaces

  • 1,020 Sq Ft Home
  • 1-Story Property
  • Bar
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Fire and Smoke Detector

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Schools

  • Kegotank Elementary School
  • Arcadia Middle School
  • Arcadia High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Baseboard Heating
  • Well
  • Electric Water Heater
  • Septic Tank

Additional Features

  • Patio
  • 0.25 Acre Lot

Community Details

  • No Home Owners Association
  • Wallops Island Subdivision

Listing and Financial Details

  • Tax Lot 2
  • $91,400 per year additional tax assessments

Home Details

Home Type

Single Family

Est. Annual Taxes

$876

Year Built

Built in 1970

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.25
  • Lot Size: .25
  • Subdivision Name: Wallops Island
  • Directions: From Rt 13, turn onto Rt 175 towards Chincoteague. Turn left onto Atlantic Road, Home is .30 miles on the left.
  • Architectural Style: Ranch
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1970
  • Kitchen Level: First
  • RoomBedroom1Level: First
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Electric Water Heater, Range, Dishwasher, Washer, Microwave, Dryer
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Entry Location: -
  • Fireplace Features: One Fireplace, Living Room
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet, Tile
  • Interior Amenities: 1st Floor Bedroom
  • Living Area: 1020
  • Room Bedroom2 Level: First
  • Dining Room Features: Dining Area, Bar, Living Room Combo
  • Living Room Living Room Level: First
  • Room Bedroom2 Area: 120
  • Room Living Room Area: 300
  • Room Kitchen Area: 200
  • Dining Room Dining Room Level: First
  • Room Dining Room Area: 120

Exterior Features

  • Lot Features: <.5 acre +/-
  • Waterfront Features: None
  • Waterfront: No
  • Disclosures: Lead Paint Disclosure
  • Construction Type: Vinyl Siding
  • Patio And Porch Features: Patio
  • Property Condition: 30-50 yrs +/-
  • Roof: Composition, Age Unknown

Garage/Parking

  • Attached Garage: No
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Open Parking: Yes
  • Parking Features: Garage, One Car, Stone Driveway, Natural Driveway
  • Total Parking Spaces: 1

Utilities

  • Laundry Features: Washer/Dryer Hookup
  • Security: Smoke Detector(s)
  • Cooling: Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Baseboard
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: No

Schools

  • Elementary School: Kegotank
  • High School: Arcadia
  • Middle Or Junior School: Arcadia

Lot Info

  • Lot Size Sq Ft: 10890
  • Farm Land Area Units: Square Feet
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Book Number: 2010 00827
  • Tax Lot: 2
  • Tax Map Number: 28A-4-2
  • Tax Other Annual Assessment Amount: 91400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2018
Closed on
Oct 7, 2019
Sold by
Bell and Patricia
Bought by
Nicholson Jason and Nicholson Betty
List Price
$125,000
Sold Price
$125,000
Current Estimated Value
$272,092

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,092
Avg. Annual Appreciation
10.88%
Original Mortgage
$110,700
Outstanding Balance
$97,192
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$134,103

Purchase Details

Closed on
Feb 17, 2010
Sold by
Carroll Anthony B and Carroll Patricia A
Bought by
Bell Matthew and Bell Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,464
Interest Rate
5.25%
Mortgage Type
FHA
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
Nicholson Jason $123,000 Attorney Only
Bell Matthew $140,000 Attorney Only
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nicholson Jason $110,700
Previous Owner Bell Matthew $137,464
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2019 10/11/19 Sold $125,000 0.0% $123 / Sq Ft
10/04/2019 10/04/19 Pending -- -- --
12/15/2018 12/15/18 For Sale $125,000 -- $123 / Sq Ft
Source: Eastern Shore 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 $876 $164,000 $15,800 $148,200
2024 $794 $164,000 $15,800 $148,200
2023 $650 $109,300 $15,800 $93,500
2022 $650 $109,300 $15,800 $93,500
2021 $592 $97,100 $15,800 $81,300
2020 $592 $97,100 $15,800 $81,300
2019 $558 $91,400 $15,800 $75,600
2018 $558 $91,400 $15,800 $75,600
2017 $569 $93,300 $15,800 $77,500
2016 $569 $93,300 $15,800 $77,500
2015 $553 $95,400 $15,800 $79,600
2014 $553 $95,400 $15,800 $79,600
2013 -- $107,500 $15,800 $91,700
Source: Public Records

Map

Source: Eastern Shore Association of REALTORS®

MLS Number: 48932

APN: 028-A0-04-00-0002-00

Virginia Accomack County Wallops Island 23337

8048 Atlantic Rd, Wallops Island, VA

This home is located at 8048 Atlantic Rd, Wallops Island, VA 23337 since 15 December 2018 and is currently estimated at $272,092, approximately $266 per square foot. This property was built in 1970. 8048 Atlantic Rd is a home located in Accomack County with nearby schools including Kegotank Elementary School, Arcadia Middle School, and Arcadia High School.

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