See Home Value
$691,888*
House - Off Market

5091 MAIN ST

CHINCOTEAGUE, VA 23336
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1774 Sqft
$450,000 - $548,000
Reference Base Price*
38.65%
Since Aug 1, 2020
National-US
Primary Model
Sold Jan 01, 2004
Transfer

About This Property

What a beautiful location!  Outstanding bay views and breath taking sunsets await you from this established vacation rental property.    The sandy shoreline makes it a perfect spot to launch kayaks or even go for a swim! Claiming and crabbing all right in your back yard!  When you walk in you will get that 70's vibe from your childhood.   Can easily be updated or not the property generates $25,000 on average of yearly rental income.  This turn key rental offers two bedrooms downstairs and full bath,  upstairs has a spacious bedroom and full bath.    Don't miss this opportunity to own a Bayfront property for less then 500k!

The manager has listed the unit size as 1774 square feet.
Unit Size
1,774Ft²
Days on Market
-
Land Size
-
Price per sqft
$281
Property Type
House
Property Taxes
$2,469
HOA Dues
-
Year Built
1977

Price History

Date / Event Date Event Price
Jul 30, 2020 No longer available -
No longer available
Jul 9, 2020 Listed $499,000
Listed
Apr 7, 2020 No longer available -
No longer available
Sep 28, 2019 Price Decreased $499,900
↓ $39K (7.3%)
Price Decreased
Apr 12, 2019 Listed $539,000
Listed
LOCATION... LOCATION... LOCATION! From salty breezes that flood the senses to gorgeous sunsets that spill across the sky. This 3 bedroom/2 bath waterfront home is the perfect setting for THE PERFECT EXCAPE! You will become a part of island life when you use this for your own personal retreat or share it as an already established vacation rental which grossed over 26K last season. Many recent updates, including newly installed bulk heading, makes this a must see property. Some features…

Property Highlights

Fireplace
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Exterior Walls Type: Wood siding
  • Roof Shape Type: Gable
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 20,259
  • Total Building Area: 1,774
  • Building Area: 1,774
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: unknown
  • Heated Square Feet: 1,774
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.465
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 5091 MAIN ST MERRITT LOT #3 NORTH MAIN ST

Ownership

  • Current Owner : NOT AVAIL FROM COUNTY
  • Previous Owner : NOT AVAILABLE FROM COUNTY

Neighborhood

  • School District Name: Accomack County Public Schools
  • Census Tract: 090102

Geography

  • Account Number: 34626
  • District: 6
  • Parcel: 030A70900000300
  • Lot: 3
  • Municipality: CHINCOTEAGUE
  • Latitude: 37.9472
  • Longitude: -75.3588

    Address

  • Full Address: 5091 Main St
  • Address - House Number: 5091
  • Address - Street Name: Main
  • Address - Suffix Type: St
  • State: VA
  • City Name: Chincoteague Island
  • Zip Code: 23336

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,346

    Appraisal Valuation

  • Standard Deviation: 0.1969
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 73
  • Final Value: 701,736
  • High Value: 839,911
  • Low Value: 563,560

    Market Valuation

  • Market Total Value: $504,500
  • Market Land Value: $310,000
  • Market Improvement Value: $194,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $504,500
  • Assessed Land Value: $310,000
  • Assessed Improvements Value: $194,500

    Sales

  • Current Sale Recording Date: Jan 01, 2004
  • Current Sale Transaction ID: 11709990049
  • Current Sale Document Type: Grant Deed



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,928 ft²
$244/ft²
$470,000 Dec 24, 2022
$470,000 May 19, 2023
-
House
3 Beds
1 Bath
1,189 ft²
$489/ft²
$581,000 Mar 23, 2023
$581,000 May 31, 2023
$600/mo
House
3 Beds
2 Baths
1,820 ft²
$306/ft²
$557,500 Jun 16, 2023
-
$1,160/mo
House
4 Beds
4 Baths
2,304 ft²
$212/ft²
$489,000 Mar 1, 2023
-
-

About Chincoteague


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Nearby Rentals



Frequently Asked Questions

When was property at 5091 Main Street built and last sold?
The property at 5091 Main Street was built in 1977 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5091 Main Street is $505,324.
What are some comparable homes to 5091 Main Street?
There are currently no comparable homes to 5091 Main Street.

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