NOT LISTED FOR SALE

8711 Exchange Ln Gloucester, VA 23061

Ware Neck Neighborhood

Estimated Value: $1,231,000 - $1,856,094

4 Beds
4 Baths
4,040 Sq Ft
$357/Sq Ft Est. Value

Last Sold August 26, 2019

Last sale price $850,000 $210 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $8,668/month

6 Days on Market

Highlights

  • Boathouse
  • Docks
  • Home fronts navigable water
  • Water Views
  • Guest House
  • Boat Ramp

About This Home

As of August 2019

Exchange, c. 1720 with later additions is a beautiful, historic waterfront home in Gloucester, VA on 7.85 acres with shoreline along the pristine North River. Exchange has been featured several times over the years on the Historic Virginia Garden Week Tour. English boxwood, ancient trees and established gardens grace the property. The exterior of Exchange is wood siding with brick gabled ends laid in Flemish bond. The striking home features an English basement, Welsh slate roof and eight fireplaces. Heavy crown moldings, wainscoting and portrait windows accentuate the interior. Kitchen has brick fireplace, double wall ovens, view of river. Pool, 3-bay garage, carriage house for additional parking, boathouse and lift on North River. Guesthouse as is. Property conveys "AS IS, WHERE IS".

Last Agent to Sell the Property

Frank Johnson

Long & Foster Real Estate License #0225068908 Listed on: 08/20/2019

Long & Foster Real Estate

Last Buyer's Agent

Cindy Barnett

Long & Foster REALTORS License #0225058087

Long & Foster REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,103

Year Built

  • Built in 1720

Lot Details

  • 7.85 Acre Lot
  • Home fronts navigable water
  • River Front
  • Historic Home
  • Zoning described as C-2

Parking

  • 4 Car Detached Garage
  • Circular Driveway

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Slate Roof
  • Metal Roof
  • Wood Siding
  • Plaster

Interior Spaces

  • 4,040 Sq Ft Home
  • 3-Story Property
  • 8 Fireplaces
  • Separate Formal Living Room
  • Water Views
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • <<builtInOvenToken>>
  • Range Hood
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Boat Lift
  • Boat Ramp
  • Boathouse
  • Docks
  • Outdoor Storage
  • Outbuilding
  • Front Porch

Additional Homes

  • Guest House

Schools

  • Petsworth Elementary School
  • Page Middle School
  • Gloucester High School

Utilities

  • Central Air
  • Radiator
  • Heating System Uses Oil
  • Heat Pump System
  • Power Generator
  • Well
  • Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 7.85+/- Ac
  • Assessor Parcel Number Tax Map 27-21

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,103

Year Built

Built in 1720

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1720
  • Property Attached Yn: No
  • Lot Size Acres: 7.85
  • Water Body Name: North River
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Colonial
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built Details: Historic
  • ResoBuildingAreaSource: Owner
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Carpet, Tile, Vinyl, Wood
  • Basement: Full
  • Appliances: Built-In Oven, Dryer, Dishwasher, Electric Water Heater, Refrigerator, Range Hood, Washer
  • Other Equipment: Generator
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 688.0
  • Fireplaces: 8
  • Fireplace: Yes
  • Interior Amenities: Separate/Formal Dining Room, Eat-in Kitchen
  • Living Area: 4040.0
  • Stories: 3
  • ResoLivingAreaSource: Owner

Exterior Features

  • Roof: Metal, Slate
  • Lot Features: Waterfront
  • Pool Features: In Ground, Pool
  • View: Water
  • View: Yes
  • Waterfront Features: Navigable Water, River Front, Boat Ramp/Lift Access, Waterfront
  • Waterfront: Yes
  • Disclosures: Disclosure on File
  • Construction Type: Brick, Drywall, Plaster, Wood Siding
  • Exterior Features: Boat Lift, Dock, Out Building(s)
  • Other Structures: Boat House, Garage(s), Storage, Guest House, Outbuilding
  • Patio And Porch Features: Front Porch
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 4.0
  • Parking Features: Circular Driveway, Detached, Garage

Utilities

  • Heating: Electric, Heat Pump, Oil, Radiator(s)
  • Cooling: Central Air
  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Page

Lot Info

  • Parcel Number: Tax Map 27-21
  • Zoning Description: C-2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 13103.0
  • Tax Lot: 7.85+/- Ac

MLS Schools

  • Elementary School: Petsworth
  • High School: Gloucester

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2019
Closed on
Aug 12, 2019
Sold by
Martin Claude G and Martin Jane L
Bought by
Applegate Christopher G and Applegate Eugenie M
Seller's Agent
Frank Johnson
Long & Foster Real Estate
Buyer's Agent
Cindy Barnett
Long & Foster REALTORS
List Price
$850,000
Sold Price
$850,000
Current Estimated Value
$1,441,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$591,365
Avg. Annual Appreciation
8.46%
Original Mortgage
$400,000
Interest Rate
3.7%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Applegate Christopher G $850,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Applegate Christopher G $120,000
Open Applegate Christopher G $437,000
Closed Applegate Christopher G $400,000
Previous Owner Martin Claude G $870,000
Previous Owner Zima Richard J $181,000
Previous Owner Zima Richard J $249,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/26/2019 08/26/19 Sold $850,000 0.0% $210 / Sq Ft
08/20/2019 08/20/19 For Sale $850,000 -- $210 / 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 $8,499 $1,457,870 $589,680 $868,190
2023 $8,499 $1,457,870 $589,680 $868,190
2022 $10,401 $1,434,600 $551,870 $882,730
2021 $9,970 $1,434,600 $551,870 $882,730
2020 $9,970 $1,434,600 $551,870 $882,730
2019 $13,103 $1,885,280 $571,000 $1,314,280
2017 $13,103 $1,885,280 $571,000 $1,314,280
2016 $12,439 $1,789,740 $756,840 $1,032,900
Source: Public Records

Agents Affiliated with this Home

  • Frank Johnson

    Seller's Agent in 2019

    Frank Johnson

    Long & Foster Real Estate

    (804) 815-8722

    1 in this area

    49 Total Sales

    Frank Johnson
    Section Image
  • Cindy Barnett

    Buyer's Agent in 2019

    Cindy Barnett

    Long & Foster

    (804) 512-3858

    2 in this area

    31 Total Sales

    Cindy Barnett
    Section Image
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Map

Source: Chesapeake Bay & Rivers Association of REALTORS®

MLS Number: 1926708

Chesapeake Bay & Rivers Association of REALTORS®

APN: 32661

Virginia Gloucester County Gloucester 23061 Ware Neck

8711 Exchange Ln, Gloucester, VA

This home is located at 8711 Exchange Ln, Gloucester, VA 23061 since 20 August 2019 and is currently estimated at $1,441,365, approximately $356 per square foot. This property was built in 1720. 8711 Exchange Ln is a home located in Gloucester County with nearby schools including Botetourt Elementary School, Peasley Middle School, and Gloucester 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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