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5 Marwood Drive

5 Marwood Drive, Palmyra, VA 22963
Property in Fluvanna
Sold Apr 13, 2022
$315,000
$305,550 by Atlantic Coast Mortgage Llc
Mortgage Due May 01, 2052
Sold Feb 02, 2018
$203,300
$201,700
Mortgage
Local assessors in Palmyra, VA have categorized 5 Marwood Drive as a residential type of property. The home was built in 2000 and is 24 years old. The property's lot size has been calculated to be 14,985 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 7 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 3 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5 Marwood Drive has a total of 1,772 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Do you like to entertain? The home has a porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. The building has a gable style roof that was made of composition shingle. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a heat pump is the primary heating source and it is being fueled with electricity. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 5 Marwood Drive was last sold in Mar 24, 2022 for $315,000. According to our calculations, that's $177.77 per sqft. Prior to that sales transaction, the property was sold for $203,300 in Jan 18, 2018. Current property owners are expected to pay $2,113 in taxes per year. The property on 5 Marwood Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $250,300. To break that down further, the land itself was valued at $30,000. While improvements to the property were assessed at a total of $220,300. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

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

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Floor Cover: Wood
  • Basement Type: Unspecified basement
  • Basement Area: 440
  • Parking Space Count: 0
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 14,985
  • Total Building Area: 1,772
  • Building Area: 1,772
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,772
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: LAKE MONTICELLO
  • Land Acres: 0.344
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: INST 220001347 EDGEWOOD-12 LOT 232 15,000 SF

Ownership

  • Current Owner : GALUPPO ANDREW THOMAS
  • Current Owner 2: GALUPPO JANA MAIRE
  • Previous Owner : RICHARD LANG
  • Owner Before Previous Owner: SUNSET INVESTMENTS INC
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Fluvanna County Public Schools
  • Census Tract: 020104

Zoning

  • Zoning: R-4

Geography

  • Account Number: 10739
  • District: 05
  • Parcel: 18A 12 232
  • Block: 23
  • Municipality: LAKE MONTICELLO
  • Latitude: 37.9192
  • Longitude: -78.3346

    Address

  • Full Address: 5 Marwood Dr
  • Address - House Number: 5
  • Address - Street Name: Marwood
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: Palmyra
  • Carrier Code: R009
  • 4-Digit Zip Code: 2810
  • Zip Code: 22963

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,113

    Appraisal Valuation

  • Standard Deviation: 0.1877
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 349,156
  • High Value: 414,717
  • Low Value: 283,596

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $305,550
  • First Open Lien Mortgage Lender: ATLANTIC COAST MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Apr 13, 2022
  • First Open Lien Mortgage Loan Amount: $305,550
  • 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: May 01, 2052

    Market Valuation

  • Market Total Value: $250,300
  • Market Land Value: $30,000
  • Market Improvement Value: $220,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $250,300
  • Assessed Land Value: $30,000
  • Assessed Improvements Value: $220,300

    Sales

  • Current Sale Contract Date: Mar 24, 2022
  • Current Sale Recording Date: Apr 13, 2022
  • Current Sale Transaction ID: 11885052826
  • Current Sale Price: $315,000
  • Current Sale Document Type: Bargain and Sale Deed
  • Current Sale Input Document Number: 1347
  • Previous Sale Recording Date: Feb 02, 2018
  • Previous Sale Contract Date: Jan 18, 2018
  • Previous Sale Amount: $203,300
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: ATLANTIC COAST MORTGAGE LLC
  • First Mortgage Transaction Date: Apr 13, 2022
  • First Mortgage Loan Amount: $305,550
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2052

    Previous Mortgages

  • Previous Mortgage Transaction Date: Feb 02, 2018
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $201,700
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Lake Monticello



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Frequently Asked Questions

What neighborhood is 5 Marwood Drive located in?
The 5 Marwood Drive is a located in the neighborhood of Fluvanna in Lake Monticello, Palmyra.
What is the average sales price for listings in 5 Marwood Drive?
The average sales price for units in 5 Marwood Drive is $0 currently.

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