New Price! The most affordable water front home in the area at this
time. Receive a 2006 Triumph boat with a 170 dual console and
Yamaha four stroke 75 HP engine and trailer with an acceptable
offer. Custom built waterfront retreat in Lake Monticello. This
contemporary style home with modern updates offers 77 feet of water
frontage, private dock, and two decks and sunroom overlooking the
water. This home is located in a cove that opens up to the main
body of the lake and is within a couple blocks of the Main Beach
and the clubhouse. The well-equipped kitchen showcases
top-of-the-line Maytag appliances, stylish 42" Kraftmaid cabinets,
and elegant Granite counter tops brightened by translucent glass
backsplash tiles. The Living room and Dining room boast Hardwood
floors and lofty ceilings that along with the passive lighting
create an open, and light-filled atmosphere. The three sided
fireplace enhance these areas. The full finished basement features
a spacious rec/office room with large built-ins, an optional murphy
bed, a full bathroom, laundry room, and a kitchenette perfect for
entertaining. This well maintained home offers updates such as
upgraded bathrooms, solid wood doors, new roof, and a 2 car garage
with paved driveway.,Granite Counter,Hickory Cabinets,Fireplace in
Dining Room,Fireplace in Living Room
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.
HOA/Condo/Coop Amenities: Clubhouse, Security, Boat Slip, Picnic Area, Tennis Court(s), Beach, Tot Lots/Playground, Bar/Lounge, Baseball Field, Basketball Courts, Community Center, Golf Club, Lake, Swimming Pool, Soccer Field
HOA Fee: $1,416
HOA Fee Frequency: Annually
Condo/Coop Fee: $850
Condo/Coop Fee Frequency: One Time
Building Info
Overview
General
Year Built:
1998
Effective Year Built:
1998
Total Rooms:
6
Bedroom Count:
3
Bathroom Count:
3
Full Bathrooms:
3
Partial Bathrooms:
3
Building Condition:
6
Building Quality:
0
Construction Type:
0
Building Style:
0
Exterior Walls Type:
19
Interior Walls Type:
3
Roof Shape Type:
1
Roof Cover Type:
3
Floor Count:
200
Floor Cover:
15
Basement Type:
3
Basement Area:
881
Garage Type:
7
Garage Square Area:
400
Parking Space Count:
2
Patio Type:
0
Porch Type:
8
Pool Type:
0
Dimensions
Lot Size Square Feet:
13,852
Total Building Area:
1,602
Building Area:
1,602
Building Area Measurement:
L
Heating and Cooling
Air Conditioning:
13
Heating:
8
Heated Square Feet:
1,602
Heating Fuel Type:
2
Utilities
Sewer System:
1
Water Service:
2
Building
Building Type:
0
Property Class:
R
Land Acres:
0000000318
Standard Land Use Code:
1001
County Land Use Code:
10
Legal Description 1:
DB 320-661 SHADWELL-2 LOT 124 13,831 SF
Neighborhood
School District Name:
Fluvanna County Public Schools
Census Tract:
020104
Zoning
Zoning:
R-4
Geography
Account Number:
10515
District:
05
Parcel:
18A 2 124
Block:
12
Municipality:
LAKE MONTICELLO
Latitude:
37.9226
Longitude:
-78.3219
Address
Full Address:
798 Jefferson Dr
Address - House Number:
798
Address - Street Name:
Jefferson
Address - Suffix Type:
Dr
State:
VA
City Name:
Palmyra
Carrier Code:
R005
4-Digit Zip Code:
3238
Zip Code:
22963
Valuation
Tax
Tax Year:
2023
Tax Amount:
$366,043
Appraisal Valuation
Standard Deviation:
0.1822
Valuation Date:
Jan 17, 2024
Confidence Score:
76
Final Value:
470,098
High Value:
555,791
Low Value:
384,405
Market Valuation
Market Total Value:
$433,700
Market Land Value:
$130,000
Market Improvement Value:
$303,700
Assessments Valuation
Assessed Year:
2023
Assessed Total Value:
$433,700
Assessed Land Value:
$130,000
Assessed Improvements Value:
$303,700
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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