NOT LISTED FOR SALE

Lancaster, VA 22503

Estimated Value: $722,000 - $917,198

2.9 Acres
$287,948 Price per Acre
126,324 Sq Ft Lot

Last Sold June 09, 2015

Last sale price $25,000 $21 Per Sq Ft

Est. 3,079% increase in value since last sale

Current estimated payment $4,717/month

187 Days on Market

About This Lot

As of June 2015

AUCTION~List price is minimum bid for this water view building lot, 2.884 acres with 218' frontage on Morratico Rd. in the Lancaster village of Morratico. The parcel perked successfully in 2005 for an engineered 4 bedroom system. Elevate your new home to maximize the water views of Lancaster Creek and the Rappahannock River-you'll never want to leave! Please note that this property is suitable for stick built or modular home but NOT for either single or double wide trailers. Bring on the pre-offers!

Last Agent to Sell the Property

Linda Terry

Tranzon Key Auctions License #0225037588 Listed on: 11/07/2014

Last Buyer's Agent

Linda Terry

Tranzon Key Auctions License #0225037588 Listed on: 11/07/2014

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $262

Lot Details

  • 2.9 Acre Lot

Schools

  • Lancaster Elementary And Middle School
  • Lancaster High School

Utilities

  • Water Not Available
  • Sewer Not Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 5-12C

Property Details

Property Type

Land

Est. Annual Taxes

$262

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential
  • Lot Size Acres: 2.9
  • Ownership: Estate
  • Subdivision Name: None
  • Property Sub Type Additional: Residential,Unimproved Land
  • Special Features: None

Interior Features

  • Basement YN: No

Exterior Features

  • Lot Features: Buildable
  • Waterfront: No
  • Disclosures: Disclosure on File

Utilities

  • Sewer: None
  • Water Source: None
  • Utilities: Electricity Available

Condo/Co-op/Association

  • Association: No

Schools

  • Middle Or Junior School: Lancaster

Lot Info

  • Parcel Number: 5-12C
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2014
  • Tax Annual Amount: 262.0

MLS Schools

  • Elementary School: Lancaster
  • High School: Lancaster

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 8, 2017
Sold by
Lawyer Bruce E
Bought by
Bustos Marsell C and Bustos Tina E
Current Estimated Value
$794,630

Purchase Details

Closed on
Mar 6, 2015
Sold by
Lawyer Victor G and Lawyer Bruce E
Bought by
Lawyer Victor G and Lawyer Bruce E

Purchase Details

Closed on
Feb 27, 2015
Sold by
Hopkins Valerie L
Bought by
Lawyer Victor G
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
Bustos Marsell C $115,000 Boston National Title Llc
Lawyer Victor G -- None Available
Lawyer Victor G $12,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bustos Tina E $405,800
Previous Owner Brooks Lawrence D $260,989
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2015 06/09/15 Sold $25,000 -43.2% $21 / Sq Ft
05/12/2015 05/12/15 Pending -- -- --
11/06/2014 11/06/14 For Sale $44,000 -- $38 / 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 $4,394 $798,900 $46,400 $752,500
2023 $2,900 $460,300 $46,400 $413,900
2022 $2,900 $460,300 $46,400 $413,900
2021 $2,900 $460,300 $46,400 $413,900
2020 $2,248 $356,800 $46,400 $310,400
2019 $295 $46,800 $46,400 $400
2018 $298 $50,500 $50,000 $500
2017 $611 $103,600 $50,000 $53,600
2016 -- $103,600 $50,000 $53,600
2014 -- $0 $0 $0
2013 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Linda Terry

    Seller's Agent in 2015

    Linda Terry

    Tranzon Key Auctions

    (866) 872-6966

    137 Total Sales

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Source: Central Virginia Regional MLS

MLS Number: 1430578

Central Virginia Regional MLS

APN: 5-12

Virginia Lancaster County Lancaster

22503

This home since 07 November 2014 and is currently estimated at $835,050, approximately $716 per square foot. This home 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.

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