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2503 Montgomerie Arch

2503 Montgomerie Arch, Williamsburg, VA 23188
Property in James City
Sold Jan 18, 2022
$220,000
$209,000 by Towne Mortgage
Mortgage Due Jan 01, 2052
Sold Aug 14, 2015
$167,000
$133,600 by Wells Fargo Bank Na
Mortgage
2503 Montgomerie Arch has been categorized by the local assessors in Williamsburg, VA as a residential type of property. The building on the property was first built in 2007 and is 17 years old. The home has a total of 6 rooms. 2 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2503 Montgomerie Arch has 1,244 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 871 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a condo style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. The roof of the building is made of composition shingle. The exterior walls of the building are made of alum/vinyl siding. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a forced air unit and being fueled with gas. 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, 2503 Montgomerie Arch sold most recently in Dec 27, 2021 for a total of $220,000. If you work out the math, that's approximately a cost of $176.85 per sqft. Before that, the property was also sold for $167,000 in Aug 13, 2015. 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 $1,546 in taxes each year. 2503 Montgomerie Arch was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $186,300. If we break it down further, the land itself was valued at $50,000. Improvements to the property, however, were assessed at a total of $136,300. The property's total market value has been marked the same as the total assessed value which is pretty typical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.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.

Building Features

Parking

Assigned Parking

Exterior

Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Style: Condo
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 871
  • Total Building Area: 1,244
  • Building Area: 1,244
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,244
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BRAEMAR CREEK
  • Land Acres: 0.02
  • Standard Land Use Code: Condominium unit (residential)
  • Legal Description 1: U-3 BLDG-25 PH-26 BRAEMAR CREEK @ GREENSPRINGS PLANTATION A CONDOMINIUM

Ownership

  • Current Owner : BROOKS MATTHEW J
  • Current Owner 2: BROOKS CAROL ANN
  • Previous Owner : SPIVEY FAMILY TRUST
  • Owner Before Previous Owner: ROWLAND BETTY H
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: James City County Public Schools
  • Census Tract: 080307

Zoning

  • Zoning: R4 RESIDEN

Geography

  • Assessors Map Reference: MAP PG 36-4
  • Account Number: 30799
  • Subdivision Phase Number: 26
  • Parcel: 36-4 05-0-2503
  • Municipality: BERKLEY
  • Latitude: 37.2621
  • Longitude: -76.7992

    Address

  • Full Address: 2503 Montgomerie Arch
  • Address - House Number: 2503
  • Address - Street Name: Montgomerie Arch
  • State: VA
  • City Name: Williamsburg
  • Carrier Code: R034
  • 4-Digit Zip Code: 1609
  • Zip Code: 23188

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,546

    Appraisal Valuation

  • Standard Deviation: 0.1472
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 82
  • Final Value: 259,979
  • High Value: 298,271
  • Low Value: 221,687

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $209,000
  • First Open Lien Mortgage Lender: TOWNE MORTGAGE
  • First Open Lien Mortgage Recording Date: Jan 18, 2022
  • First Open Lien Mortgage Loan Amount: $209,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2052

    Market Valuation

  • Market Total Value: $186,300
  • Market Land Value: $50,000
  • Market Improvement Value: $136,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $186,300
  • Assessed Land Value: $50,000
  • Assessed Improvements Value: $136,300

    Sales

  • Current Sale Contract Date: Dec 27, 2021
  • Current Sale Recording Date: Jan 18, 2022
  • Current Sale Transaction ID: 11879374730
  • Current Sale Price: $220,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 712
  • Previous Sale Recording Date: Aug 14, 2015
  • Previous Sale Contract Date: Aug 13, 2015
  • Previous Sale Amount: $167,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: TOWNE MORTGAGE
  • First Mortgage Transaction Date: Jan 18, 2022
  • First Mortgage Loan Amount: $209,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK NA
  • Previous Mortgage Transaction Date: Aug 14, 2015
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $133,600
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About James City



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Frequently Asked Questions

What neighborhood is 2503 Montgomerie Arch located in?
The 2503 Montgomerie Arch is a located in the neighborhood of James City in James City, Williamsburg.
What is the average sales price for listings in 2503 Montgomerie Arch?
The average sales price for units in 2503 Montgomerie Arch is $0 currently.

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