tomo logo

$650,000

Beds
4
Baths
3.5
sq ft
3,259

992 Broken Island Rd, Palmyra, VA 22963

992 Broken Island Rd

PALMYRA, VA 22963

  • 1 day on market
Welcome Home to 992 Broken Island, a stunning four-bedroom, 3.5-bath Cape Cod home on a 2.4 acre corner lot overlooking "Diller Pond" in the highly sought-after Broken Island Community. As you enter the bright and open foyer, you'll feel right at home. Come and enjoy waterfront views all year around! The kitchen has beautiful maple cabinets offering tons of storage, plus a walk-in pantry and island with built in wine rack. Owners Suite is on the main level and features high vaulted ceilings, a huge walk-in closet, a bathroom with dual sinks and a large soaking claw foot tub. The living room area includes a Jotul gas stove perfect to stay warm on cold nights. Off the dining room is a private back deck overlooking the pond and partly fenced in back yard. Upstairs are 2 additional bedrooms, a full bath, and a lot area that could be used as an office area. The terrace level includes another bedroom, full bath, family room with a gas stove fireplace, and more storage space. Walkout basement to back yard. Lots charm throughout this property and there is a full home generator (2023).,Maple Cabinets,Solid Surface Counter,Fireplace in Family Room,Fireplace in Living Room

Details

Property type

Single Family Residence

Est. home value

$599,792

Lot size

2.40 acres

Price per sq ft

$200

Year built

2003

Annual property taxes

$3,887

Monthly HOA fee

$8.33

Price History

12/21/2024
Bright

Bright #659603

Listed
$650,000
+11.11%
11/04/2022
CharlottesvilleVA

CharlottesvilleVA #635025

Sold
$585,000
+53.14%
06/16/2016
CharlottesvilleVA

CharlottesvilleVA #539318

Sold
$382,000

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

$54,803
Asking price
$650,000
Closing costs (~8% of asking)
-$52,000
Est. remaining loan balance
-$543,197
Cash to seller
$54,803

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

Seller’s Loan History

Lender

Mortgage Research Center Llc

Loan start date

January 2024

Original loan amount

$548,258

Est. remaining balance

$543,197

Interest rate

7.03%

Loan type

VA, 30 year

Seller

Shawn Smith and Brittney Ceanne Smith

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: 12/22/2024 at 4:15 AM

Listing updated: 12/21/2024 at 2:29 PM

Listed by: SARAH MONCEAUX, AVENUE REALTY, LLC Phone #: (434) 326-5477

MLS: Bright #659603

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