$115,000
SOLD MAR 31, 2025

Lot 5 Marsh Island Dr Unit 5 Chincoteague, VA 23336

0.13 Acre
$884,615 Price per Acre
5,663 Sq Ft Lot

Recently Sold

42% Below List Price

160 Days on Market

Highlights

  • Water Access
  • No HOA
  • Level Lot
  • Property Fronts a Bay or Harbor

About This Lot

As of March 2025

Waterfront cleared lot on Marsh Island at Chincoteague, Va. Ready to build on. Located on a well maintained, shared septic. Enjoy the great views of the sunset over the bay. On choice days, enjoy music from across the water as local entertainers perform at Robert Reed Park. Great location and priced to sell.

Last Agent to Sell the Property

Bob Faith

DOCKSIDE PROPERTIES Brokerage Phone: 7573363200 License #0225091052 Listed on: 08/17/2024

Last Buyer's Agent

Shawn Jennings

COLDWELL BANKER HARBOUR REALTY License #0225077517

COLDWELL BANKER HARBOUR REALTY

Property Details

Property Type

  • Land

Lot Details

  • 5,663 Sq Ft Lot
  • Property Fronts a Bay or Harbor
  • Level Lot

Property Views

  • Bay Views

Schools

  • Chincoteague Elementary School
  • Chincoteague Combined Middle School
  • Chincoteague High School

Utilities

  • Irrigation Water Rights
  • Septic Tank

Listing and Financial Details

  • Tax Lot 5
  • $181,000 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • Chincoteague Subdivision

Recreation

  • Water Access

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 0.13
  • Lot Size: .13
  • Water Body Name: Chincoteague Bay
  • Subdivision Name: Chincoteague
  • Directions: From Chincoteague Rd, turn onto Marsh Island Dr.
  • Special Features: None

Interior Features

  • Possible Use: Residential

Exterior Features

  • Lot Features: <.5 acre +/-
  • Topography: Level
  • View: Water, Bay
  • View: Yes
  • Waterfront Features: Water Front, Water Access, Bay Front, Deed Water Rights, Water Access-Private, Waterfront
  • Waterfront: Yes

Utilities

  • Sewer: Septic Tank
  • Utilities: Electricity Available, Water Available, Other

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: No

Schools

  • Elementary School: Chincoteague
  • High School: Chincoteague
  • Middle Or Junior School: Chincoteague Combined

Lot Info

  • Lot Size Sq Ft: 5662.8
  • Farm Land Area Units: Square Feet
  • Irrigation Water Rights: Yes
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Book Number: 2014 4289
  • Tax Lot: 5
  • Tax Map Number: 30-3-5
  • Tax Other Annual Assessment Amount: 181000

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2025 03/31/25 Sold $115,000 -34.3% --
01/24/2025 01/24/25 Pending -- -- --
10/02/2024 10/02/24 Price Changed $175,000 -12.1% --
08/17/2024 08/17/24 For Sale $199,000 -- --
Source: Eastern Shore Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Bob Faith

    Seller's Agent in 2025

    Bob Faith

    DOCKSIDE PROPERTIES

    (757) 894-1479

    50 in this area

    662 Total Sales

    Bob Faith
    Section Image
  • Shawn Jennings

    Buyer's Agent in 2025

    Shawn Jennings

    COLDWELL BANKER HARBOUR REALTY

    (757) 336-1999

    127 in this area

    224 Total Sales

    Shawn Jennings
    Section Image
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Map

Source: Eastern Shore Association of REALTORS®

MLS Number: 62040

Virginia Accomack County Chincoteague 23336

Lot 5 Marsh Island Dr Unit 5, Chincoteague, VA

Sold

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