NOT LISTED FOR SALE

986 Ivey Creek Rd Lancaster, VA 22503

Estimated Value: $730,000 - $1,000,000

3 Beds
2.5 Baths
2,894 Sq Ft
$298/Sq Ft Est. Value

Last Sold March 20, 2023

Last sale price $725,000 $251 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,578/month

29 Days on Market

Highlights

  • Docks
  • Boat Lift
  • Custom Home
  • Boat Ramp
  • Home fronts a creek
  • Deck

About This Home

As of March 2023

This custom waterfront home, sited on 3.5 private acres on protected Ivey and Lancaster Creek, offers beautiful views and protected access to the Rappahannock! As you enter the foyer w/hardwood flooring and tons of natural light you’ll find formal living and dining rooms with ornate moldings and custom woodwork. The spacious, open and dramatic living area offers gas fireplace, grand vaulted ceiling, & wet bar! The bright white kitchen boasts recessed lighting, built-in microwave, granite counter tops, dual basin sink, eat-in area, a new Wolf stove, ceramic tile backsplash, dishwasher, built-in desk, & more. Master bedroom offers serene water views, new carpet, recessed lighting, dramatic tray ceiling, gorgeous chandelier, two walk-in closets, & en suite bath with jetted tub, dual vanities, & water closet. Two additional guest bedrooms and hall bath w/tub/shower combo. Sizable sunroom w/tile flooring, amazing natural light, and water views. Rear patio w/beautiful landscaping & serene water feature. The over-sized two-car garage offers lots of storage. New boat and jet ski lifts have been added for your enjoyment. Move in and enjoy!

Last Agent to Sell the Property

Deborah Edgar

Deborah Edgar RealEstate Group License #0225075848 Listed on: 01/09/2023

Last Buyer's Agent

NON MLS USER MLS

NON MLS OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,491

Year Built

  • Built in 1999

Lot Details

  • 3.5 Acre Lot
  • Home fronts a creek
  • Zoning described as R1

Parking

  • 2 Car Attached Garage

Home Design

  • Custom Home
  • Contemporary Architecture
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Synthetic Stucco Exterior

Interior Spaces

  • 2,894 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Central Vacuum
  • Built-In Features
  • Bookcases
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Track Lighting
  • Gas Fireplace
  • Bay Window
  • Insulated Doors
  • Crawl Space
  • Attic Fan

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Oven
  • Gas Cooktop
  • Stove
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub

Home Security

  • Storm Windows
  • Storm Doors
  • Fire and Smoke Detector

Outdoor Features

  • Boat Lift
  • Boat Ramp
  • Docks
  • Deck
  • Patio
  • Rear Porch

Schools

  • Lancaster Elementary And Middle School
  • Lancaster High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 5-5

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,491

Year Built

Built in 1999

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1999
  • Property Attached Yn: No
  • Lot Size Acres: 3.5
  • Water Body Name: Ivey, Lan, Rapp
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Contemporary, Custom, Ranch
  • Garage Yn: Yes
  • 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: Partially Carpeted, Tile, Wood
  • Basement: Crawl Space
  • Appliances: Dishwasher, Electric Water Heater, Gas Cooking, Disposal, Microwave, Oven, Stove
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Insulated Doors, Storm Door(s)
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Wet Bar, Bookcases, Built-in Features, Bedroom on Main Level, Breakfast Area, Bay Window, Ceiling Fan(s), Cathedral Ceiling(s), Eat-in Kitchen, Granite Counters, Jetted Tub, Kitchen Island, Bath in Primary Bedroom, Main Level Primary, Pantry, Recessed Lighting, Track Lighting, Walk-In Closet(s), Central Vacuum
  • Living Area: 2894.0
  • Stories: 1
  • Window Features: Storm Window(s)
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition, Shingle
  • Fencing: None
  • Lot Features: Waterfront
  • Pool Features: None
  • Waterfront Features: Creek, Boat Ramp/Lift Access, Waterfront
  • Waterfront: Yes
  • Construction Type: Drywall, Frame, Synthetic Stucco
  • Exterior Features: Boat Lift, Deck, Dock
  • Patio And Porch Features: Rear Porch, Patio, Deck
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air, Attic Fan
  • Sewer: Septic Tank
  • Water Source: Well
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Lancaster

Lot Info

  • Parcel Number: 5-5
  • Zoning Description: R1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3491.0

MLS Schools

  • Elementary School: Lancaster
  • High School: Lancaster

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2023
Closed on
Mar 20, 2023
Sold by
Marlowe Matthew David and Marlowe Mary Elizabeth
Bought by
Gillum Karen Kay
Seller's Agent
Deborah Edgar
Deborah Edgar RealEstate Group
Buyer's Agent
NON MLS USER MLS
NON MLS OFFICE
List Price
$750,000
Sold Price
$725,000
Premium/Discount to List
-$25,000
-3.33%
Views
127
Current Estimated Value
$861,600

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,600
Avg. Annual Appreciation
5.83%
Original Mortgage
$725,000
Outstanding Balance
$703,714
Interest Rate
6.09%
Mortgage Type
VA
Estimated Equity
$131,652

Purchase Details

Listed on
Jan 16, 2020
Closed on
Feb 27, 2020
Sold by
Conley Connie and The Connie Conley Living Trust
Bought by
Marlowe Matthew David and Marlowe Mary Elizabeth
Seller's Agent
Deborah Edgar
Deborah Edgar RealEstate Group
Buyer's Agent
NON MLS USER MLS
NON MLS OFFICE
List Price
$599,000
Sold Price
$570,000
Premium/Discount to List
-$29,000
-4.84%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.26%
Original Mortgage
$483,463
Interest Rate
3.5%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Gillum Karen Kay $725,000 Lawyers Title
Marlowe Matthew David $570,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gillum Karen Kay $725,000
Previous Owner Marlowe Matthew David $483,463
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2023 03/20/23 Sold $725,000 -3.3% $251 / Sq Ft
02/07/2023 02/07/23 Pending -- -- --
01/09/2023 01/09/23 For Sale $750,000 +31.6% $259 / Sq Ft
03/10/2020 03/10/20 Sold $570,000 -4.8% $197 / Sq Ft
02/12/2020 02/12/20 Pending -- -- --
01/16/2020 01/16/20 For Sale $599,000 -- $207 / Sq Ft
Source: Central Virginia Regional 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
2024 $339 $827,500 $169,800 $657,700
2023 $1,072 $554,100 $159,800 $394,300
2022 $3,491 $554,100 $159,800 $394,300
2021 $3,491 $554,100 $159,800 $394,300
2020 $3,491 $554,100 $159,800 $394,300
2019 $3,491 $554,100 $159,800 $394,300
2018 $3,363 $570,000 $193,500 $376,500
2017 $3,363 $570,000 $193,500 $376,500
2016 -- $570,000 $193,500 $376,500
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Deborah Edgar

    Seller's Agent in 2023

    Deborah Edgar

    Deborah Edgar RealEstate Group

    (804) 337-0977

    145 Total Sales

    Deborah Edgar
    Section Image

  • N

    Buyer's Agent in 2023

    NON MLS USER MLS

    NON MLS OFFICE

See All Agents

Map

Source: Central Virginia Regional MLS

MLS Number: 2232499

Central Virginia Regional MLS

APN: 5-9

Virginia Lancaster County Lancaster 22503

986 Ivey Creek Rd, Lancaster, VA

This home is located at 986 Ivey Creek Rd, Lancaster, VA 22503 since 09 January 2023 and is currently estimated at $861,600, approximately $297 per square foot. This property was built in 1999. 986 Ivey Creek Rd 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.

Central Virginia Regional MLS All or a portion of th multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

Nearby Homes