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Surry 23883
8386 Colonial Trail
$260,000
● House - Off Market

8386 Colonial Trail

Surry, VA 23883
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$1,336
Est. Monthly
9.54%
Cap Rate

About This Property

Great starter home for a first time buyer. Needs TLC but has lots of potential. This 1428 sq ft home sits on a 2.45 acre lot, with plenty of room for possible expansion and large vegetable garden. Enjoy the best of both worlds with the benefit of lower taxes living in Surry County, yet only nine miles to the Jamestown Ferry and plenty of Williamsburg attractions. Home is eight miles to the town of Smithfield, six miles to the Surry Nuclear Power Plant, and 28 miles to Newport News Shipbuilding. Sold as is.
Unit Size
-
Days on Market
100 days
Land Size
2.45 acres
Price per sqft
-
Property Type
House
Property Taxes
$108
HOA Dues
-
Year Built
1977

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 2 years ago (CVRMLS #2419252)

Price History

Date / Event Date Event Price
Oct 31, 2024 Sold
Premium
Sold
Oct 1, 2024 In contract -
In contract
Sep 20, 2024 Price Decreased $249,900
↓ $20K (7.4%)
Price Decreased
Jul 23, 2024 Listed by USRealty.com $269,900
Listed by USRealty.com
May 11, 2021 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Bedroom Count: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 308
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 106,853
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,428
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002453
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: ADJ POOLE SW SIDE # 10

Neighborhood

  • School District Name: Surry County Public Schools
  • Census Tract: 860200

Geography

  • Account Number: R003538
  • District: COBHAM
  • Parcel: 43-72B
  • Municipality: COBHAM
  • Latitude: 37.0863
  • Longitude: -76.7158

    Address

  • Full Address: 8386 Colonial Trl E
  • Address - House Number: 8386
  • Street Segment Direction: E
  • Address - Street Name: Colonial
  • Address - Suffix Type: Trl
  • State: VA
  • City Name: Surry
  • Carrier Code: R001
  • 4-Digit Zip Code: 2131
  • Zip Code: 23883

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $129,575

    Appraisal Valuation

  • Standard Deviation: 0.2747
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 60
  • Final Value: 243,916
  • High Value: 310,921
  • Low Value: 176,912

    Market Valuation

  • Market Total Value: $182,500
  • Market Land Value: $38,700
  • Market Improvement Value: $143,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $182,500
  • Assessed Land Value: $38,700
  • Assessed Improvements Value: $143,800

    Sales

  • Current Sale Contract Date: May 03, 2021
  • Current Sale Recording Date: May 11, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Surry

Stats & Trends

Median Asking:

$258,500

Sale Price/ft²

$190

Above Asking

0.01%

Average Days on Market

64

Average Home Size

1728 ft²

Average Home Age

15.8 years

Currently For Sale

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

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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CVR

Listed by: David Sweeney, USRealty.com
Last Updated: 2 years ago
Data Source: CVRMLS , MLS# 2419252
All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Courtesy First Choice Realty.
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703

Frequently Asked Questions

When was property at 8386 Colonial Trail East built and last sold?
The property at 8386 Colonial Trail East was built in 1977 and last sold on May 3, 2021 for $175,000.
How much is this home worth?
The estimated value of the home located at 8386 Colonial Trail East is $252,399.
What are some comparable homes to 8386 Colonial Trail East?
There are currently no comparable homes to 8386 Colonial Trail East.
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