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1005 West Masters Drive

1005 West Masters Drive, Cross Junction, VA 22625
Property in Frederick
Sold Apr 28, 2021
$360,000
$288,000 by Finance Of America Mortgage Ll
Mortgage Due May 01, 2051
Sold Oct 15, 2018
$316,933
$299,669 by New Penn Financial Llc
Mortgage
1005 West Masters Drive has been categorized by the local assessors in Cross Junction, VA as a residential type of property. The building on the property was first built in 2018 and is 6 years old. The home has a total of 13 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1005 West Masters Drive has 2,412 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 12,122 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a garage for those who require parking. The garage measured 440 sqft. According to our sources, there are a total of 2 available parking spaces. Moving on to the building itself. The condition of the building has been evaluated as good. The building has a gable or hip style roof made of composition shingle. The exterior walls of the building are made of a combination of material. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heat pump and being fueled with electricity. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1005 West Masters Drive sold most recently in Apr 26, 2021 for a total of $360,000. If you work out the math, that's approximately a cost of $149.25 per sqft. Before that, the property was also sold for $316,933 in Oct 12, 2018. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,572 in taxes each year. 1005 West Masters Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $371,400. If we break it down further, the land itself was valued at $42,000. Improvements to the property, however, were assessed at a total of $329,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2018
  • Effective Year Built: 2018
  • Total Rooms: 13
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 375
  • Building Condition: Good
  • Exterior Walls Type: Combination
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Floor Cover: Wood
  • Basement Type: Unspecified basement
  • Basement Area: 1,218
  • Garage Type: Garage
  • Garage Square Area: 440
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 12,122
  • Total Building Area: 2,412
  • Building Area: 2,412
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 2,412
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: 211
  • Land Acres: 0.28
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: LAKE HOLIDAY EST. L570 S 10

Ownership

  • Current Owner : HOGAN ROBERT M
  • Current Owner 2: HOGAN DAPHNE
  • Previous Owner : GAUDETTE RICHARD G
  • Previous Owner 2: GAUDETTE PEGGY ANN
  • Owner Before Previous Owner: DR HOLDINGS & VA LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Frederick County Public Schools
  • Census Tract: 050300

Zoning

  • Zoning: RESIDENTIA

Geography

  • Account Number: 8002784
  • Section: 10
  • Parcel: 18A0710-570
  • Lot: 570
  • Municipality: GAINESBORO DISTRICT
  • Latitude: 39.3224
  • Longitude: -78.3305

    Address

  • Full Address: 1005 W Masters Dr
  • Address - House Number: 1005
  • Street Direction: W
  • Address - Street Name: Masters
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: Cross Junction
  • Carrier Code: H003
  • 4-Digit Zip Code: 2447
  • Zip Code: 22625

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,572

    Appraisal Valuation

  • Standard Deviation: 0.1415
  • Valuation Date: Jun 07, 2023
  • Confidence Score: 83
  • Final Value: 429,070
  • High Value: 489,803
  • Low Value: 368,338

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $288,000
  • First Open Lien Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Open Lien Mortgage Recording Date: Apr 28, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $288,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Open Lien Mortgage Loan Due Date: May 01, 2051

    Market Valuation

  • Market Total Value: $371,400
  • Market Land Value: $42,000
  • Market Improvement Value: $329,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $371,400
  • Assessed Land Value: $42,000
  • Assessed Improvements Value: $329,400

    Sales

  • Current Sale Contract Date: Apr 26, 2021
  • Current Sale Recording Date: Apr 28, 2021
  • Current Sale Transaction ID: 11834421853
  • Current Sale Price: $360,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 210007043
  • Previous Sale Recording Date: Oct 15, 2018
  • Previous Sale Contract Date: Oct 12, 2018
  • Previous Sale Amount: $316,933
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FINANCE OF AMERICA MORTGAGE LL
  • First Mortgage Transaction Date: Apr 28, 2021
  • First Mortgage Loan Amount: $288,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Stand Alone Refi (Refinance of Original Loan)
  • First Mortgage Loan Due Date: May 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: NEW PENN FINANCIAL LLC
  • Previous Mortgage Transaction Date: Oct 15, 2018
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $299,669
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA

About Lake Holiday



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Frequently Asked Questions

What neighborhood is 1005 West Masters Drive located in?
The 1005 West Masters Drive is a located in the neighborhood of Frederick in Lake Holiday, Cross Junction.
What is the average sales price for listings in 1005 West Masters Drive?
The average sales price for units in 1005 West Masters Drive is $0 currently.

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