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James City 23188
3704 Mulberry Lane
$505,000
● House - Off Market

3704 Mulberry Lane

Williamsburg, VA 23188
bedrooms
5 Beds
bathrooms
3 Baths
$2,803
Est. Monthly
$50
HOA / Fees
6.95%
Cap Rate

About This Property

Welcome Home to this lovely 5 bedroom 3 full bath colonial in the heart of Williamsburg! This home features a downstairs ensuite bath w/full bedroom, primary suite upstairs w/double sinks, shower and jetted tub plus 3 large additional bedrooms and a finished bonus room.   Newly updated kitchen w/ss appliances, high end granite countertops, hardwood floors downstairs, upgrade carpet in living, family and upstairs bedrooms.  Large fully fenced backyard backs up to elementary school and wooded for extra privacy
Unit Size
-
Days on Market
61 days
Land Size
0.31 acres
Price per sqft
-
Property Type
House
Property Taxes
$248
HOA Dues
$50
Year Built
2001

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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 #2419244)

Price History

Date / Event Date Event Price
Sep 30, 2024 Sold
Premium
Sold
Aug 26, 2024 In contract -
In contract
Aug 13, 2024 Price Increased $510,000
↑ $10K (2%)
Price Increased
Jul 31, 2024 Listed by RE/MAX Capital $499,999
Listed by RE/MAX Capital
Dec 17, 2020 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 439
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,416
  • Total Building Area: 2,485
  • Building Area: 2,485
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,485
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MULBERRY PLACE
  • Land Acres: 0000000308
  • Standard Land Use Code: 1001
  • County Land Use Code: 502
  • Legal Description 1: L-49 MULBERRY PLACE

Neighborhood

  • School District Name: James City County Public Schools
  • Census Tract: 080207

Zoning

  • Zoning: R2 GENERAL

Geography

  • Assessors Map Reference: MAP PG 31-3
  • Account Number: 25571
  • Parcel: 31-3 13-0-0049
  • Lot: 49
  • Municipality: POWATAN
  • Latitude: 37.3122
  • Longitude: -76.7912

    Address

  • Full Address: 3704 Mulberry Ln
  • Address - House Number: 3704
  • Address - Street Name: Mulberry
  • Address - Suffix Type: Ln
  • State: VA
  • City Name: Williamsburg
  • Carrier Code: R029
  • 4-Digit Zip Code: 7390
  • Zip Code: 23188

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $297,970

    Appraisal Valuation

  • Standard Deviation: 0.1372
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 84
  • Final Value: 466,696
  • High Value: 530,768
  • Low Value: 402,625

    Market Valuation

  • Market Total Value: $359,000
  • Market Land Value: $88,700
  • Market Improvement Value: $270,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $359,000
  • Assessed Land Value: $88,700
  • Assessed Improvements Value: $270,300

    Sales

  • Current Sale Contract Date: Dec 15, 2020
  • Current Sale Recording Date: Dec 17, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 200021981
  • Previous Sale Recording Date: Jun 26, 2008
  • Previous Sale Contract Date: Jun 09, 2008
  • Previous Sale Amount: $339,000
  • Previous Sale Document Type: 71

    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 James City

Stats & Trends

Median Asking:

$577,000

Sale Price/ft²

$225

Below Asking

0.01%

Average Days on Market

57

Average Home Size

3367 ft²

Average Home Age

18.1 years

Currently For Sale

58 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: Julie Crist, RE/MAX Capital
Last Updated: 3 years ago
Data Source: CVRMLS , MLS# 2419244
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 3704 Mulberry Lane built and last sold?
The property at 3704 Mulberry Lane was built in 2001 and last sold on Dec 15, 2020 for $272,000.
How much is this home worth?
The estimated value of the home located at 3704 Mulberry Lane is $0.
What are some comparable homes to 3704 Mulberry Lane?
There are currently no comparable homes to 3704 Mulberry Lane.
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