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7 Chestnut Court

7 Chestnut Court, Palmyra, VA 22963
Property in Fluvanna
Sold May 29, 2009
$109,700
$112,058 by Quicken Loans Inc
Mortgage Due Jun 01, 2039
Sold Mar 12, 2008
$155,301
7 Chestnut Court has been categorized by the local assessors in Palmyra, VA as a residential type of property. The building on the property was first built in 1981 and is 43 years old. The home has a total of 7 rooms. 4 of these rooms are legally considered as bedrooms. Residents will have access to 2 full bathrooms. There are 3 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 7 Chestnut Court has 1,008 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. Those looking for additional storage or space will be happy to hear that there is a finished improved basement that is 1,008 sqft. Please note, that typically the basement, garage, and or porch square footage is not included in the calculations of the living area square footage. The area measurement of the land has been determined as 18,252 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Residents will have the luxury of enjoying a porch. Moving on to the building itself. The condition of the building has been evaluated as average. The building has a gable style roof made of composition shingle. The exterior walls of the building are made of wood. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing a heat pump and being fueled with electricity. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. The property was last sold in Mar 30, 2009 for $109,700. That's $108.83 per sqft. Prior to that sales transaction, the property was also sold in Feb 15, 2008 for $155,301. 7 Chestnut Court was last assessed in 2023. The total value of the property was assessed at $180,700. Specifically, the land the property is located on was valued at $30,000. While improvements on the property were assessed at a total of $150,700. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $1,525. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Exterior Walls Type: Wood
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Type: Finished improved basement
  • Basement Area: 1,008
  • Parking Space Count: 0
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 18,252
  • Total Building Area: 1,008
  • Building Area: 1,008
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,008
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SHADWELL
  • Land Acres: 0.419
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: DB 794-46 SHADWELL-2 LOT 396 18,264 SF

Ownership

  • Current Owner : LOWE PAUL A
  • Current Owner 2: LOWE JUANITA S
  • Previous Owner : US BANK NATIONAL ASSOCIATION
  • Owner Before Previous Owner: LANE KELLY RAY
  • Owner Before Previous Owner 2: LANE HEATHER MAE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

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

Zoning

  • Zoning: R-4

Geography

  • Account Number: 10222
  • District: 05
  • Parcel: 18A 2 396
  • Block: 39
  • Municipality: LAKE MONTICELLO
  • Latitude: 37.9255
  • Longitude: -78.3236

    Address

  • Full Address: 7 Chestnut Ct
  • Address - House Number: 7
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Ct
  • State: VA
  • City Name: Palmyra
  • Carrier Code: R005
  • 4-Digit Zip Code: 3229
  • Zip Code: 22963

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,525

    Appraisal Valuation

  • Standard Deviation: 0.1822
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 273,331
  • High Value: 323,156
  • Low Value: 223,506

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $112,058
  • First Open Lien Mortgage Lender: QUICKEN LOANS INC
  • First Open Lien Mortgage Recording Date: May 29, 2009
  • First Open Lien Mortgage Financing Type: Unknown
  • First Open Lien Mortgage Loan Amount: $112,058
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: VA
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2039

    Market Valuation

  • Market Total Value: $180,700
  • Market Land Value: $30,000
  • Market Improvement Value: $150,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $180,700
  • Assessed Land Value: $30,000
  • Assessed Improvements Value: $150,700

    Sales

  • Current Sale Contract Date: Mar 30, 2009
  • Current Sale Recording Date: May 29, 2009
  • Current Sale Transaction ID: 1179338160
  • Current Sale Price: $109,700
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 0902070
  • Previous Sale Recording Date: Mar 12, 2008
  • Previous Sale Contract Date: Feb 15, 2008
  • Previous Sale Amount: $155,301
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS INC
  • First Mortgage Transaction Date: May 29, 2009
  • First Mortgage Loan Amount: $112,058
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: VA
  • First Mortgage Loan Due Date: Jun 01, 2039

    Financing

  • First Mortgage Financing Type: Unknown

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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 7 Chestnut Court located in?
The 7 Chestnut Court is a located in the neighborhood of Fluvanna in Lake Monticello, Palmyra.
What is the average sales price for listings in 7 Chestnut Court?
The average sales price for units in 7 Chestnut Court is $0 currently.

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