NOT LISTED FOR SALE

9 Cottonwood Ln Lancaster, VA 22503

Estimated Value: $623,000 - $796,090

3 Beds
3 Baths
2,639 Sq Ft
$278/Sq Ft Est. Value

Last Sold December 26, 2017

Last sale price $310,000 $117 Per Sq Ft

Est. 137% increase in value since last sale

Current estimated payment $4,276/month

189 Days on Market

Highlights

  • Docks
  • Deck
  • Central Air
  • River Front
  • Wood Flooring
  • Dining Area

About This Home

As of December 2017

With wide river views and protected, deep harbor, this three-bedroom brick home is well-situated on the 2.6-acre parcel. The house needs some love and is being sold “as-is.” The grounds are mostly wooded, which provides wonderful privacy. Affordable opportunity to invest a waterfront property offering great potential.

Last Agent to Sell the Property

Emily Carter

Jim & Pat Carter Real Estate License #0225024367 Listed on: 05/18/2017

Last Buyer's Agent

Lisa Shultz

Long & Foster Real Estate License #0225204940

Long & Foster Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,588

Year Built

  • Built in 1972

Lot Details

  • 2.63 Acre Lot
  • River Front

HOA Fees

  • $19 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 2,639 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Dining Area
  • Crawl Space
  • Stove

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Parking

  • Carport
  • No Garage

Outdoor Features

  • River Access
  • Mooring
  • Docks
  • Dock Available
  • Deck

Schools

  • Lancaster Elementary And Middle School
  • Lancaster High School

Utilities

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

Community Details

  • Drum Point Subdivision

Listing and Financial Details

  • Assessor Parcel Number 20F-1-19

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,588

Year Built

Built in 1972

Lot Details

0

HOA Fees

$19 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1972
  • Property Attached Yn: No
  • Lot Size Acres: 2.63
  • Water Body Name: Corrotoman
  • Ownership: Corporate
  • Subdivision Name: DRUM POINT
  • Architectural Style: Ranch
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Carpet, Wood
  • Basement: Crawl Space
  • Appliances: Electric Water Heater, Refrigerator, Stove
  • Basement YN: No
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Masonry, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Bedroom on Main Level, Dining Area
  • Living Area: 2639.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: None
  • Lot Features: Waterfront
  • Pool Features: None
  • Waterfront Features: Dock Access, Mooring, River Front, River Access, Waterfront
  • Waterfront: Yes
  • Disclosures: Disclosure on File
  • Construction Type: Brick, Drywall
  • Exterior Features: Deck, Dock
  • Foundation Details: Slab
  • Patio And Porch Features: Deck
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Carport, No Garage

Utilities

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

Condo/Co-op/Association

  • Association Fee: 225.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Middle Or Junior School: Lancaster

Lot Info

  • Parcel Number: 20F-1-19
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 2587.68

MLS Schools

  • Elementary School: Lancaster
  • High School: Lancaster

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 29, 2022
Sold by
Brazell Timothy B
Bought by
Brazell Torryn P
Current Estimated Value
$734,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Outstanding Balance
$280,593
Interest Rate
5.66%
Mortgage Type
New Conventional
Estimated Equity
$453,680

Purchase Details

Listed on
May 18, 2017
Closed on
Dec 15, 2017
Sold by
Bon Secours Richmond Health Care Foundat
Bought by
Brazell Timothy B and Brazell Torryn
Seller's Agent
Emily Carter
Jim & Pat Carter Real Estate
Buyer's Agent
Lisa Shultz
Long & Foster Real Estate
List Price
$345,000
Sold Price
$310,000
Premium/Discount to List
-$35,000
-10.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.87%
Original Mortgage
$248,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2016
Sold by
The Faye L Hannum Trust
Bought by
Bon Secours Richmond Health Care Foundat
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Brazell Torryn P -- Bankers Title
Brazell Timothy B $310,000 Lawyers Title Mid Peninsula
Bon Secours Richmond Health Care Foundat -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brazell Torryn P $292,000
Previous Owner Brazell Timothy B $267,750
Previous Owner Brazell Timothy B $248,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/26/2017 12/26/17 Sold $310,000 -10.1% $117 / Sq Ft
11/26/2017 11/26/17 Pending -- -- --
05/20/2017 05/20/17 For Sale $345,000 -- $131 / 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 $3,440 $625,500 $251,700 $373,800
2023 $2,922 $463,800 $236,700 $227,100
2022 $2,922 $463,800 $236,700 $227,100
2021 $2,922 $463,800 $236,700 $227,100
2020 $2,922 $463,800 $236,700 $227,100
2019 $2,922 $463,800 $236,700 $227,100
2018 $2,827 $479,200 $240,700 $238,500
2017 $2,827 $479,200 $240,700 $238,500
2016 -- $479,200 $240,700 $238,500
2015 -- $479,200 $240,700 $238,500
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Emily Carter

    Seller's Agent in 2017

    Emily Carter

    Jim & Pat Carter Real Estate

    (804) 436-4949

    95 Total Sales

    Emily Carter
    Section Image
  • Lisa Shultz

    Buyer's Agent in 2017

    Lisa Shultz

    Long & Foster Real Estate

    (703) 626-4868

    197 Total Sales

    Lisa Shultz
    Section Image
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Map

Source: Chesapeake Bay & Rivers Association of REALTORS®

MLS Number: 1718890

Chesapeake Bay & Rivers Association of REALTORS®

APN: 20F-1-19

Virginia Lancaster County Lancaster 22503

9 Cottonwood Ln, Lancaster, VA

This home is located at 9 Cottonwood Ln, Lancaster, VA 22503 since 18 May 2017 and is currently estimated at $734,273, approximately $278 per square foot. This property was built in 1972. 9 Cottonwood Ln 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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