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$175,000

Beds
3
Baths
1.5
sq ft
804

248 Monroe Bay Cir, Colonial Beach, VA 22443

248 Monroe Bay Cir

COLONIAL BEACH, VA 22443

  • <1 day on market
Charming Short Sale Opportunity – Home Requires Renovation - This three-bedroom home presents an excellent investment opportunity for those with vision! Located just minutes from the beach, restaurants, and shopping, this property offers prime potential but requires significant work and will not qualify for most traditional financing options. Conveniently situated within easy reach of Fredericksburg, Richmond, and Washington, D.C., this property offers an excellent location for those seeking accessibility to major hubs. Sold as-is. Cash or renovation loan recommended. Don’t miss this unique opportunity to transform this home into something truly special!

Details

Property type

Single Family Residence

Est. home value

$239,260

Lot size

4,314 sq ft

Price per sq ft

$218

Year built

1970

Annual property taxes

$416

HOA

No

Price History

03/14/2025
Bright

Bright #VAWE2008434

Listed
$175,000
-3.31%
05/06/2021
Bright

Bright #VAWE117746

Sold
$181,000

Schools & Community

Elementary school: 

COLONIAL BEACH

Middle school: 

COLONIAL BEACH

High school: 

WASHINGTON & LEE

School district: 

WESTMORELAND COUNTY PUBLIC SCHOOLS

Seller’s Loan History

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

Lender

Pennymac Loan Services Llc

Loan start date

February 2022

Original loan amount

$185,774

Est. remaining balance

Not provided

Interest rate

2.75%

Loan type

VA, 30 year

Seller

Vanyel A Coleman

Lender

Veterans United Home Loans

Loan start date

May 2021

Original loan amount

$185,163

Est. remaining balance

Not provided

Interest rate

3.09%

Loan type

New Conventional

Seller

Vanyel A Coleman

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: 03/15/2025 at 3:00 PM

Listing updated: 03/14/2025 at 5:59 PM

Listed by: Melissa J Stewart, Berkshire Hathaway HomeServices PenFed Realty Phone #: (540) 625-8100

MLS: Bright #VAWE2008434

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