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Central Garage 23009
37 La Mae Court
$285,000
● House - Off Market

37 La Mae Court

King William, VA 23009
bedrooms
3 Beds
bathrooms
2 Baths
$1,508
Est. Monthly
8.81%
Cap Rate

About This Property

Great rancher in the heart of King William! This cute home includes a large front deck perfect for entertaining family and friends.  Inside includes a large open sunken family room and open kitchen area with a great eat-in kitchen breakfast nook. Down the hall you will find the 2 additional guest or kids bedrooms with a full hall bathroom.  The master bedroom is large and open and has a full bathroom en suite. This perfect home also includes a large well-maintained yard with plenty of space for entertaining kids and guests.
Unit Size
-
Days on Market
64 days
Land Size
1.00 acres
Price per sqft
-
Property Type
House
Property Taxes
$108
HOA Dues
-
Year Built
1991

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 3 years ago (CVRMLS #2415318)

Price History

Date / Event Date Event Price
Aug 16, 2024 Sold
Premium
Sold
Jun 25, 2024 In contract -
In contract
Jun 13, 2024 Listed by James River Realty Group LLC $285,000
Listed by James River Realty Group LLC
Dec 17, 2018 Sold
Premium
Sold
Nov 16, 2018 No longer available -
No longer available
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 17
  • Building Style: 11
  • Exterior Walls Type: 22
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 14
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 1,244
  • Building Area: 1,244
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,244
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: VENTER HEIGHTS
  • Land Acres: 0000001000
  • Standard Land Use Code: 1008
  • County Land Use Code: 20
  • Legal Description 1: LOT 3 BLK C SECT 2 VENTER HEIGHTS

Neighborhood

  • School District Name: King William County Public Schools
  • School Tax School District: ACQUINTON
  • Census Tract: 950102

Zoning

  • Zoning: R-1

Geography

  • Account Number: 2736-1
  • District: 2
  • Section: 2
  • Parcel: 21D 2 C 3
  • Block: C
  • Lot: 3
  • Municipality: ACQUINTON
  • Latitude: 37.76
  • Longitude: -77.1393

    Address

  • Full Address: 37 La Mae Ct
  • Address - House Number: 37
  • Address - Street Name: La Mae
  • Address - Suffix Type: Ct
  • State: VA
  • City Name: Aylett
  • Carrier Code: R002
  • 4-Digit Zip Code: 3108
  • Zip Code: 23009

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $129,456

    Appraisal Valuation

  • Standard Deviation: 0.1987
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 73
  • Final Value: 274,651
  • High Value: 329,240
  • Low Value: 220,062

    Market Valuation

  • Market Total Value: $223,200
  • Market Land Value: $40,000
  • Market Improvement Value: $183,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $223,200
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $183,200

    Sales

  • Current Sale Contract Date: Dec 07, 2018
  • Current Sale Recording Date: Dec 17, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 180002625

    Financing

  • First Mortgage Financing Type: FIX
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 Central Garage

Stats & Trends

Median Asking:

$365,000

Sale Price/ft²

$227

Below Asking

0.01%

Average Days on Market

50

Average Home Size

2068 ft²

Average Home Age

8.5 years

Currently For Sale

8 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

Rentals Near You

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CVR

Listed by: Ryan Lerow, James River Realty Group LLC
Last Updated: 3 years ago
Data Source: CVRMLS , MLS# 2415318
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 37 La Mae Court built and last sold?
The property at 37 La Mae Court was built in 1991 and last sold on Dec 7, 2018 for $171,200.
How much is this home worth?
The estimated value of the home located at 37 La Mae Court is $0.
What are some comparable homes to 37 La Mae Court?
There are currently no comparable homes to 37 La Mae Court.
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