5179 MARY BALL ROAD
About This Property
Step back in time and embrace the rich history of this stunning property in Lancaster, VA. This versatile residence seamlessly blends historic elegance with modern functionality, boasting a brand new HVAC system, new insulation, and a residential-commercial zoning. Enjoy the grandeur of the wrap-around porch and immerse yourself in the charm of the waterfront community. Own a piece of history and create lasting memories in this unique home. Schedule your showing today!
This remarkable residence seamlessly blends historic elegance with modern functionality. Enhance your comfort with a brand new HVAC system installed in 2022. Effortless accessibility is ensured with a side ramp added in 2022 and a front ramp installed in 2023. Stay cozy year-round with new insulation installed in the entryway and attic in 2023. This versatile property boasts a coveted residential-commercial zoning, making it ideal for those who work from home. There are 10 new windows that convey and are not yet installed.
Step outside and embrace the grandeur of the wrap-around porch, complete with a protective awning for shade on sunny days. Imagine unwinding with a refreshing beverage, surrounded by the serenity of your private oasis.
Steeped in rich history, Lancaster, Virginia offers a captivating blend of small-town charm and modern conveniences. This waterfront community boasts a thriving social scene, with friendly locals and exciting events throughout the year. Explore the charming shops and restaurants, or delve into the area's rich past at historic landmarks and museums. Immerse yourself in the natural beauty of the region with a kayaking adventure on the Rappahannock River, or a scenic hike amidst the rolling countryside. Whether you crave a taste of history, cultural exploration, or outdoor adventure, Lancaster promises an unforgettable experience.
Own a piece of history and create lasting memories in this unique residence. Schedule your showing today!
This property is zoned District C-1 with residential overlap! (Generally this district covers those areas of the county intended for the conduct of general business to which the public requires direct and frequent access but which is not characterized either by constant and heavy trucking other than stocking and delivery of light retail goods or by any nuisance factors other than occasioned by incidental light and noise or congestion of people and passenger vehicles.)
This includes such uses as retail stores, banks, theaters, business offices, restaurants and taverns, and garage and service stations. Approved uses include retail food stores, bakeries, general stores, dry cleaners, laundries, wearing apparel stores, drug and variety stores, barber and beauty shops, home appliance sales and service, theaters, assembly halls, hotels, motels, tourist homes, office buildings, business offices, banks, churches, libraries, hospitals, general, funeral homes, printing offices, restaurants, service stations with major repair under cover, clubs, auto sales and service, lumber and building supply, farm and home supplies, contractors equipment storage yards, common plumbing and electrical supply, retail, wholesale and processing activities not objectionable because of dust, noise or odors, machinery sales and service, welding and machine shops, county sanctioned public facility, public utilities, Child care or day care center, veterinary hospital, kennel or pet store. This is the list provided by the county and it intended to get you thinking of the endless possibilities that await you here! Obviously you would be encouraged to check into further details.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 11, 2025 | Sold | ||
| Sold | |||
| Jan 1, 2025 | In contract | - | |
| In contract | |||
| Nov 21, 2024 | Price Decreased |
$259,900
↓ $30K
(10.4%) | |
| Price Decreased | |||
| Nov 14, 2024 | Price Decreased |
$290,000
↓ $5K
(1.7%) | |
| Price Decreased | |||
| Oct 21, 2024 | Price Increased |
$295,000
↑ $35K
(13.5%) | |
| Price Increased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017