tomo logo

$489,000

Beds
4
Baths
2.0
sq ft
2,264

16 Begum Rd, Palmyra, VA 22963

16 Begum Rd

PALMYRA, VA 22963

  • 20 days on market
WELCOME to 16 Begum. Situated on a quiet street near the Monish Gate in Lake Monticello. The home offers a split bedroom layout plus a bonus/4th bedroom over the garage. The open floor plan leaves plenty of room for entertaining and the cathedral ceilings with skylights provide tons of natural light. There is a large master suite with plenty of closet space and a spa like en suite. The other 2 bedrooms are cozy and share an hall bath. A screened in porch offers a wonderful vantage point to watch the local wildlife or your furry kids in the yard. There is not much this home doesn?t offer. Each window in this home is equipped with electric shades and there is a top of the line security system installed. The large 2 car garage and oversized driveway provide space for all your vehicles and parking for visitors. Estate sale 3/15-16.,Oak Cabinets,Fireplace in Great Room

Details

Property type

Single Family Residence

Est. home value

$409,958

Lot size

0.34 acres

Price per sq ft

$216

Year built

2004

Annual property taxes

$2,800

Monthly HOA fee

$121.5

Price History

04/02/2025
Bright

Bright #661912

Listed
$489,000
03/21/2025
Bright

Bright #661912

Removed
05/28/2020
Bright

Bright #602490

Sold
$289,000

Schools & Community

Elementary school: 

CENTRAL

Middle school: 

FLUVANNA

High school: 

FLUVANNA

School district: 

FLUVANNA COUNTY PUBLIC SCHOOLS

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$350,621
Asking price
$489,000
Closing costs (~8% of asking)
-$39,120
Est. remaining loan balance
-$99,259
Cash to seller
$350,621

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

October 2009

Original loan amount

$150,000

Est. remaining balance

$99,259

Interest rate

4.87%

Loan type

New Conventional, 30 year

Seller

C Russell Mayo and Marsha B Mayo

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/03/2025 at 11:55 AM

Listing updated: 04/02/2025 at 8:31 AM

Listed by: IRIS HELFRICH, MONTICELLO COUNTRY REAL ESTATE, INC. Phone #: (434) 589-3539

MLS: Bright #661912

Bright logo

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