NOT LISTED FOR SALE

981 Annapolis Way Woodbridge, VA 22191

Belmont Bay Neighborhood

Estimated Value: $3,501,223

7.4 Acres
$473,138 Price per Acre
322,344 Sq Ft Lot

Last Sold November 03, 2017

Last sale price $2,250,000

Est. 56% increase in value since last sale

Current estimated payment $20,478/month

18 Days on Market

About This Lot

As of November 2017

Commercial development land located in fast growing North Woodbridge. 7.40 AC, zoned B-1. Exceptionally well located near I-95, Rt 1 & Rt 123. Brand new luxury apts being built across the street and VDOT is expanding Rt 1 by the property. Property part of the North Woodbridge Small Area Plan, potential to get up-zoned to UMU. Outstanding commercial investment. Selling for Bankruptcy Trustee.

Last Agent to Sell the Property

Stephen Karbelk

(571) 481-1037 stephen@realmarkets.com CENTURY 21 New Millennium License #0225026849 Listed on: 07/29/2017

CENTURY 21 New Millennium

Co-Listed By

Stephanie Young

(304) 702-0407 stephanie.young1978@gmail.com CENTURY 21 New Millennium License #RSR006364

Last Buyer's Agent

Gary Simpson

(703) 237-9500 gsimpson@remax.net RE/MAX Allegiance

RE/MAX Allegiance

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $15,999

Lot Details

  • 7.4 Acre Lot
  • The property's topography is level
  • Property is zoned B1

Schools

  • Belmont Elementary School
  • Freedom High School

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 99436

Property Details

Property Type

Land

Est. Annual Taxes

$15,999

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • Current Use: Land/Lot Only
  • New Construction: No
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Basement: No
  • Price Per Sq Ft: 4.65

Exterior Features

  • Road Surface Type: Paved
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • Elementary School: BELMONT
  • High School: FREEDOM

Lot Info

  • Lot Size Acres: 7.40
  • Lot Size Area: 322475
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 322475.00
  • Topography: Level
  • Zoning: B1

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 15998.66
  • Assessor Parcel Number: 99436
  • Tax Lot: 2
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016

MLS Schools

  • School District Name: PRINCE WILLIAM COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2017
Closed on
Nov 3, 2017
Sold by
Meiburger Janet M and The Bankruptcy Estate Of The 1
Bought by
Ashna Llc
Seller's Agent
Stephen Karbelk
CENTURY 21 New Millennium
Buyer's Agent
Gary Simpson
RE/MAX Allegiance
List Price
$1,500,000
Sold Price
$2,250,000
Premium/Discount to List
$750,000
50%
Current Estimated Value
$3,501,223

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,251,223
Avg. Annual Appreciation
5.69%

Purchase Details

Closed on
Aug 15, 2001
Sold by
Household Bank F S B
Bought by
I3 L L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
7.16%
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
Ashna Llc $2,250,000 Attorney
I3 L L C $1,000,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner I3 L L C $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/03/2017 11/03/17 Sold $2,250,000 +50.0% --
08/16/2017 08/16/17 Pending -- -- --
07/29/2017 07/29/17 For Sale $1,500,000 -- --
Source: Bright MLS

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 $25,819 $2,726,000 $2,726,000 --
2024 $25,819 $2,596,200 $2,596,200 $0
2023 $27,013 $2,596,200 $2,596,200 $0
2022 $25,878 $2,336,600 $2,336,600 $0
2021 $22,369 $1,868,000 $1,868,000 $0
2020 $29,889 $1,928,300 $1,928,300 $0
2019 $29,053 $1,874,400 $1,874,400 $0
2018 $21,475 $1,778,500 $1,778,500 $0
2017 $17,718 $1,468,300 $1,468,300 $0
2016 $15,999 $1,338,800 $1,338,800 $0
2015 $16,349 $1,338,800 $1,338,800 $0
2014 $16,349 $1,338,800 $1,338,800 $0
Source: Public Records

Agents Affiliated with this Home

  • Stephen Karbelk

    Seller's Agent in 2017

    Stephen Karbelk

    Century 21 New Millennium

    (571) 481-1037

    99 Total Sales

    Stephen Karbelk
    Section Image
  • Stephanie Young

    Seller Co-Listing Agent in 2017

    Stephanie Young

    Century 21 New Millennium

    (304) 702-0407

    103 Total Sales

    Stephanie Young
    Section Image
  • Gary Simpson

    Buyer's Agent in 2017

    Gary Simpson

    RE/MAX

    (703) 237-9500

    12 Total Sales

    Gary Simpson
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1000152721

Bright MLS

APN: 8492-07-7096

Virginia Prince William County Woodbridge 22191 Belmont Bay

981 Annapolis Way, Woodbridge, VA

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