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32 West Lake Forest Drive

32 West Lake Forest Drive, Palmyra, VA 22963
Property in Fluvanna
Sold Aug 19, 2021
$350,000
$175,000 by Fulton Bank
Mortgage Due Sep 01, 2051
Local assessors in Palmyra, VA have categorized 32 West Lake Forest Drive as a residential type of property. The home was built in 2000 and is 24 years old. The property's lot size has been calculated to be 15,377 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 5 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 32 West Lake Forest Drive has a total of 1,748 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 572 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a porch and a patio so you'll have great options in both the front and back of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. The building has a gable style roof that was made of composition shingle. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a heat pump is the primary heating source and it is being fueled with electricity. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 32 West Lake Forest Drive sold most recently in Aug 4, 2021 for a total of $350,000. If you work out the math, that's approximately a cost of $200.23 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $2,329 in taxes each year. 32 West Lake Forest Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $276,000. If we break it down further, the land itself was valued at $30,000. Improvements to the property, however, were assessed at a total of $246,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. 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.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Vinyl Siding

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 572
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 15,377
  • Total Building Area: 1,748
  • Building Area: 1,748
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,748
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: KNOLLWOOD SECTION
  • Land Acres: 0.353
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: INST 210004169 KNOLLWOOD-9 LOT 200 15,365 SF

Ownership

  • Current Owner : WHEELER RICHARD A
  • Current Owner 2: WHEELER JACQUELYN C
  • Previous Owner : COLVILLE PEGGY SMITH
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Fluvanna County Public Schools
  • Census Tract: 020103

Zoning

  • Zoning: R-4

Geography

  • Account Number: 8036
  • District: 05
  • Parcel: 18A 9 200
  • Block: 20
  • Municipality: LAKE MONTICELLO
  • Latitude: 37.9147
  • Longitude: -78.3186

    Address

  • Full Address: 32 W Lake Forest Dr
  • Address - House Number: 32
  • Street Direction: W
  • Address - Street Name: Lake Forest
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: Palmyra
  • Carrier Code: R006
  • 4-Digit Zip Code: 2450
  • Zip Code: 22963

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,329

    Appraisal Valuation

  • Standard Deviation: 0.1756
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 389,179
  • High Value: 457,536
  • Low Value: 320,822

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $175,000
  • First Open Lien Mortgage Lender: FULTON BANK
  • First Open Lien Mortgage Recording Date: Aug 19, 2021
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $175,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2051

    Market Valuation

  • Market Total Value: $276,000
  • Market Land Value: $30,000
  • Market Improvement Value: $246,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $276,000
  • Assessed Land Value: $30,000
  • Assessed Improvements Value: $246,000

    Sales

  • Current Sale Contract Date: Aug 04, 2021
  • Current Sale Recording Date: Aug 19, 2021
  • Current Sale Transaction ID: 11850768006
  • Current Sale Price: $350,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 210004169

    Last Sale Mortgage

  • First Mortgage Lender: FULTON BANK
  • First Mortgage Transaction Date: Aug 19, 2021
  • First Mortgage Loan Amount: $175,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2051

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Lake Monticello



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Frequently Asked Questions

What neighborhood is 32 West Lake Forest Drive located in?
The 32 West Lake Forest Drive is a located in the neighborhood of Fluvanna in Lake Monticello, Palmyra.
What is the average sales price for listings in 32 West Lake Forest Drive?
The average sales price for units in 32 West Lake Forest Drive is $0 currently.

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