971 Lacon Dr Newport News, VA 23608
Nelson Neighborhood
5
Beds
2.5
Baths
2,436
Sq Ft
0.63
Acres
Highlights
- Home fronts navigable water
- 0.63 Acre Lot
- Wooded Lot
- River View
- Colonial Architecture
- Wood Flooring
About This Home
As of March 2025Cash or rehab loans only. This property will not qualify for traditional financing. Investment or fixer-upper/flip opportunity. No repairs will be made. Buyers to do their own feasibility study prior to writing an offer. Sellers are not seeking to negotiate repairs as the home is being sold as-is, where-is and is priced accordingly. No wholesale (contract assignments) or double closings. This rehab opportunity is all about location and potential! Nestled in a stunning waterfront setting with breathtaking views, this property is ready for someone with vision to bring it back to life. This home is in poor condition and will require significant renovations, but the reward will be well worth the effort. Imagine transforming this space into a dream retreat, taking full advantage of the serene water views and desirable location. Whether you're an investor or a buyer looking for a project, this is your chance to create something truly special. Come make this house a home!
Last Buyer's Agent
Kim Martinez
Keller Williams Realty Town Center
Home Details
Home Type
- Single Family
Year Built
- Built in 1974
Lot Details
- 0.63 Acre Lot
- Property fronts a marsh
- Home fronts navigable water
- River Front
- Cul-De-Sac
- Wooded Lot
- Property is zoned R3
Home Design
- Colonial Architecture
- Traditional Architecture
- Fixer Upper
- Brick Exterior Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 2,436 Sq Ft Home
- 2-Story Property
- Bar
- Entrance Foyer
- Utility Room
- River Views
- Breakfast Area or Nook
- Basement
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- En-Suite Primary Bedroom
Parking
- 2 Car Attached Garage
- Driveway
- On-Street Parking
Outdoor Features
- Riparian rights to water flowing past the property
- Storage Shed
- Porch
Schools
- Stoney Run Elementary School
- Mary Passage Middle School
- Denbigh High School
Utilities
- Central Air
- Heat Pump System
- Electric Water Heater
- Cable TV Available
Community Details
- No Home Owners Association
- Beechwood Subdivision
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 7, 2025
Closed on
Mar 24, 2025
Sold by
Comer Douglas Ralph and Comer Douglas R
Bought by
Martinez Properties Llc
Seller's Agent
Crystal Sullivan
Mission Realty Group LLC
Buyer's Agent
Kim Martinez
Keller Williams Realty Town Center
List Price
$295,000
Sold Price
$200,000
Premium/Discount to List
-$95,000
-32.2%
Views
106
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
721.21%
Similar Homes in Newport News, VA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $200,000 | Fidelity National Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $122,500 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $50,000 | Credit Line Revolving |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2025 07/17/25 | For Sale | $525,000 | +162.5% | $216 / Sq Ft |
| 03/26/2025 03/26/25 | Sold | $200,000 | -32.2% | $82 / Sq Ft |
| 03/12/2025 03/12/25 | Pending | -- | -- | -- |
| 03/07/2025 03/07/25 | For Sale | $295,000 | -- | $121 / Sq Ft |
Source: Real Estate Information Network (REIN)
Tax History Compared to Growth
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 | $5,458 | $462,500 | $173,000 | $289,500 |
| 2023 | $5,442 | $448,700 | $173,000 | $275,700 |
| 2022 | $5,133 | $415,500 | $173,000 | $242,500 |
| 2021 | $4,614 | $378,200 | $173,000 | $205,200 |
| 2020 | $4,573 | $362,800 | $173,000 | $189,800 |
| 2019 | $4,459 | $353,800 | $173,000 | $180,800 |
| 2018 | $4,370 | $346,800 | $173,000 | $173,800 |
| 2017 | $4,308 | $341,700 | $173,000 | $168,700 |
| 2016 | $4,304 | $341,700 | $173,000 | $168,700 |
| 2015 | $4,298 | $341,700 | $173,000 | $168,700 |
| 2014 | $3,893 | $341,700 | $173,000 | $168,700 |
Source: Public Records
Agents Affiliated with this Home
-
K
Seller's Agent in 2025
Kim Martinez
Keller Williams Realty Town Center
-
Crystal Sullivan
Seller's Agent in 2025
Crystal Sullivan
Mission Realty Group LLC
(757) 532-8300
1 in this area
73 Total Sales
Map
Source: Real Estate Information Network (REIN)
MLS Number: 10572428
APN: 085.00-02-17
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