tomo logo

$1,195,000

Beds
7
Baths
4.0
sq ft
2,808

20 Oak Rd, Bumpass, VA 23024

20 Oak Rd

BUMPASS, VA 23024

  • 25 days on market
HIGH-SPEED FIBER OPTIC FIREFLY INTERNET NOW AVAILABLE. Are you interested in purchasing an investment property fully set up for Short Term Rentals? Here is the one for you with an established rental history! This unique lake home has a total of 7 bedrooms (Septic designed for 6 bedrooms) and 4 full bathrooms. Located on Lake Anna's private side in a quiet cove with 80 FT of waterfront, just off of the main lake. Outdoors you will enjoy the sandy beach area, water slide, spacious boat house with two covered slips and a storage area, a large fire pit, playground, and an oversized detached garage for all your lake toys. There is a large deck, partially covered and screened, perfect for relaxing or entertaining. Inside you will be greeted by an updated kitchen with an open floor plan offering lake views! Four bedrooms are located on the main level, and three bedrooms are located on the lower level. The lower level offers a private entry and kitchenette for additional privacy. Come see for yourself all this home has to offer!

Details

Property type

Single Family Residence

Est. home value

$761,251

Lot size

1.79 acres

Price per sq ft

$426

Year built

1989

Annual property taxes

$4,245

Monthly HOA fee

$33.33

Price History

10/31/2024
Bright

Bright #VALA2006752

Listed
$1,195,000
-8.08%
08/31/2024
Bright

Bright #VALA2005790

Removed
$1,300,000
06/04/2024
Bright

Bright #VALA2005790

Listed
$1,300,000

Schools & Community

Elementary school: 

JOUETT

Middle school: 

LOUISA COUNTY

High school: 

LOUISA COUNTY

School district: 

LOUISA 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

$648,736
Asking price
$1,195,000
Closing costs (~8% of asking)
-$95,600
Est. remaining loan balance
-$450,664
Cash to seller
$648,736

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

Seller’s Loan History

Lender

Highlands Residential Mortgage Ltd

Loan start date

February 2021

Original loan amount

$487,500

Est. remaining balance

$450,664

Interest rate

3.5%

Loan type

New Conventional, 30 year

Seller

Adamt Schrager and Carly B Schrager

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: 11/22/2024 at 8:10 PM

Listing updated: 11/07/2024 at 12:39 PM

Listed by: Lauren A Davis, KW Realty Lakeside Phone #: (703) 330-2222

MLS: Bright #VALA2006752

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