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Isle of Wight 23430
109 WATER POINTE
$370,000
● House - Off Market

109 WATER POINTE

Smithfield, VA 23430
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,194 Ft²
$813,058
RealtyHop Estimate
114.02%
Since Feb 1, 2013
National-US
Primary Model

About This Property

Smithfield living at it's finest! Updated EIFS recently! New Carpet! Paint!  Appliances! HVAC!  Nestled away in a quiet Culdesac in sought afte Gatling Point! VERY open floor plan with formal and non-formal dining rooms! Overlooking the water with a large deck.  Finished 3rd floor with private bath and walk in closet! Property Repaired.
Unit Size
3,194 Ft²
Days on Market
84 days
Land Size
0.49 acres
Price per sqft
$119
Property Type
House
Property Taxes
$234
HOA Dues
$34
Year Built
1989

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 12 months ago (CVRMLS #1226856)

Price History

Date / Event Date Event Price
Jan 30, 2013 Sold
Premium
Sold
Nov 2, 2012 Listed by Native American Group Realty $379,900
Listed by Native American Group Realty
Sep 4, 2012 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 13
  • Building Condition: 3
  • Building Quality: 6
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 15
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,344
  • Total Building Area: 3,194
  • Building Area: 3,194
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 11
  • Heated Square Feet: 3,194
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000490
  • Standard Land Use Code: 1001
  • County Land Use Code: 1
  • Legal Description 1: L 8 WATER POINTE PLAT BK 14/ PG 28 & 29

Neighborhood

  • School District Name: Isle of Wight County Public Schools
  • Census Tract: 280104

Zoning

  • Zoning: NC

Geography

  • District: 45
  • Parcel: 23F-10-008
  • Lot: 8
  • Municipality: NEWPORT
  • Latitude: 36.991
  • Longitude: -76.5872

    Address

  • Full Address: 109 Water Pointe Ln
  • Address - House Number: 109
  • Address - Street Name: Water Pointe
  • Address - Suffix Type: Ln
  • State: VA
  • City Name: Smithfield
  • Carrier Code: R006
  • 4-Digit Zip Code: 2301
  • Zip Code: 23430

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $405,628
  • Tax Rate Code Area: 45

    Appraisal Valuation

  • Standard Deviation: 0.2064
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 72
  • Final Value: 554,758
  • High Value: 669,289
  • Low Value: 440,227

    Market Valuation

  • Market Total Value: $563,700
  • Market Land Value: $94,000
  • Market Improvement Value: $469,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $563,700
  • Assessed Land Value: $94,000
  • Assessed Improvements Value: $469,700

    Sales

  • Current Sale Contract Date: Jan 30, 2013
  • Current Sale Recording Date: Jan 30, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 130000551
  • Previous Sale Recording Date: Sep 04, 2012
  • Previous Sale Contract Date: Sep 04, 2012
  • Previous Sale Amount: $363,200
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Isle of Wight

Stats & Trends

Median Asking:

$249,950

Sale Price/ft²

$183

Below Asking

0.01%

Average Days on Market

31

Average Home Size

1260 ft²

Average Home Age

82 years

Currently For Sale

1 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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CVR

Listed by: Susan Jenkins, Native American Group Realty
Last Updated: 12 months ago
Data Source: CVRMLS , MLS# 1226856
All or a portion of the 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 ©2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Courtesy First Choice Realty.
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703

Frequently Asked Questions

When was property at 109 Water Pointe Lane built and last sold?
The property at 109 Water Pointe Lane was built in 1989 and last sold on Jan 30, 2013 for $370,000.
How much is this home worth?
The estimated value of the home located at 109 Water Pointe Lane is $383,579.
What are some comparable homes to 109 Water Pointe Lane?
There are currently no comparable homes to 109 Water Pointe Lane.
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