LOT 5 PADDOCK DRIVE #5

$115,000

● Land - Off Market

LOT 5 PADDOCK DRIVE #5

LANCASTER, VA 22503

Studio

0 Bath

$1,037

Est. Monthly

$300

HOA / Fees

3.60%

Cap Rate

About This Property

Welcome to Lot 5 located on Paddock Drive in Lancaster, Virginia in the Edgewater Subdivision. The waterfront property is sitting on 12.63 acres with plenty to do on the land itself. Land is a gentle slope down to flat home site and clear path down to home site. Property ideal to build waterfront home or perfect for recreational land for fishing and camping. Electricity is run to a small hunting cabin and previously approved for 3-bedroom septic. New permits will have to be pulled.

Unit Size

Days on Market

39 days

Land Size

12.63 acres

Price per sqft

Property Type

Land

Property Taxes

$91

HOA Dues

$300

Year Built

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (Bright MLS #VALV2000428)

Price History

Date / Event	Date	Event
Apr 15, 2024	Sold	Premium
Sold
Mar 7, 2024	In contract	-
In contract
Feb 8, 2024	Listed by Coldwell Banker Elite	$150,000
Listed by Coldwell Banker Elite

Property Highlights

With View

Exterior Details

Ownership Interest: Fee Simple

Partly Wooded

Tidal Water: N

Lot Size Source: Estimated

Land Assessed Value: $173,700

Financial Details

Tax Assessed Value: $173,700

Tax Year: 2023

Tax Annual Amount: $1,094

Utilities Details

Sewer Septic: No Septic System

Water Source: None

Location Details

HOA Fee: $300

HOA Fee Frequency: Annually

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Comparables

Past Sales

Date	Unit	Beds	Baths	Sqft	Price	Closed	Listed By
20240208 Unit 5 02/08/2024	5	Loft	-	-	$150,000 Loft -	$115,000 -23.33% 04/15/2024	Tykia Gray Coldwell Banker Elite
20200917 09/17/2020		Loft	-	-	$167,000 Loft -	- -	Laura Pierce ERA Real Estate Professionals

Building Info

5 Paddock Drive 5 Paddock Drive, Lancaster, VA 22503

More about this Building

Want to find out who owns 5 Paddock Drive, Lancaster, VA 22503? Get detailed property transactions here.

About Lancaster

Stats & Trends

Median Asking:

$450,000

Sale Price/ft²

$239

Below Asking

0.04%

Average Days on Market

Average Home Size

2728 ft²

Average Home Age

43.6 years

Currently For Sale

62 Listings

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

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Listed by: Tykia Gray
Coldwell Banker Elite
Last Updated: 0 hours ago
Data Source: Bright MLS , MLS# VALV2000428

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