Fantastic waterfront lot in a quiet cove location with great main lake views! Begin making plans to construct your dream home on a quiet street in amenity-rich Lake of the Woods! The decking at the water's edge has already been constructed, so you can enjoy the water during the construction phase! Located in a private, gated, secure community, Lake of the Woods offers anything and everything you could want. Home to two lakes (the 550-acre main lake and a 35-acre "fishing lake"), a golf course, an equestrian center, a fire and rescue department, and a church all within the gates, Lake of the Woods simply has it all. Whether your passion is boating, water skiing, kayaking, golfing, horseback riding, or simply taking in the breathtaking views from the clubhouse while enjoying a fabulous meal, from your deck or yard, or from one of the beaches, you won't be disappointed! Perhaps you'd like a game of bridge or volunteer your time and talents...Lake of the Woods offers more than 60 clubs and organizations from Located in a private, gated, secure community, Lake of the Woods offers anything and everything you could want. Home to two lakes (the 550-acre main lake and a 35-acre "fishing lake"), a golf course, an equestrian center, a fire a
Property Details
Property Features
Listing Office:
Office Name: EXP Realty, LLC
Listing Agent: Patricia Licata
Exterior Features
Exterior Information:
Waterfront: Lake
View: Garden, Water
Lot Features
Lot Information:
Lot Size: 0.31 Acres
School Info
Assigned Schools Information:
Orange County High School, Public District Grades 9-12
Locust Grove Middle School, Public District Grades 6-8
Locust Grove Elementary School, Public District Grades 3-5
Other
Directions Information:
Directions: From F'burg, Rt 3 West to left into Lake of the Woods. Through security, right on Lakeview to left on Constitution to left on Cornwallis to lot on the right.
Price Information
Listing Price Info
Price Summary:
List Price: $387,500
Tax Information:
Annual Amount: $1,816
Tax Year: 2020
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Locust Grove, VA.
This property is $22.5K less than the Median Sold Price in Locust Grove, VA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #VAOR2006822
Listing Office:
Office Name: EXP Realty, LLC
Listing Agent: Patricia Licata
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,001
Per Month
Principal & Interest
$1,934
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,228
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
5
/10
Locust Grove Elementary School
6368 Flat Run Rd
Distance between this listing and this school1.91 miles
Public District Grades 3-5
Middle School
4
/10
Locust Grove Middle School
6368 Flat Run Rd
Distance between this listing and this school1.91 miles
Public District Grades 6-8
High School
5
/10
Orange County High School
201 Selma Rd
Distance between this listing and this school19.06 miles
Public District Grades 9-12
Assigned Schools
5
/10
Locust Grove Elementary School
6368 Flat Run Rd
Distance between this listing and this school1.91 miles
Public District Grades 3-5
Nearby Schools
5
/10
Brock Road Elementary School
10207 Brock Rd
Distance between this listing and this school6.05 miles
Public District Grades PK-5
4
/10
Wilderness Elementary School
11600 Catharpin Rd
Distance between this listing and this school9.10 miles
Public District Grades PK-5
Assigned Schools
4
/10
Locust Grove Middle School
6368 Flat Run Rd
Distance between this listing and this school1.91 miles
Public District Grades 6-8
Nearby Schools
4
/10
Ni River Middle School
11632 Catharpin Rd
Distance between this listing and this school8.85 miles
Public District Grades 6-8
5
/10
Freedom Middle School
7315 Smith Station Rd
Distance between this listing and this school11.87 miles
Public District Grades 6-8
Assigned Schools
5
/10
Orange County High School
201 Selma Rd
Distance between this listing and this school19.06 miles
Public District Grades 9-12
Nearby Schools
6
/10
Riverbend High School
12301 Spotswood Furnace Rd
Distance between this listing and this school10.81 miles
Public District Grades 9-12
3
/10
Chancellor High School
6300 Harrison Rd
Distance between this listing and this school12.36 miles
The neighbors living near this home have an average income of $70,926. The most common annual income of people living in Locust Grove, VA is between $35k-100k. Residents typically live in married, no kids family. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 510 Cornwallis Ave
What is the listing price of this property?
The listing price of 510 Cornwallis Ave property is $387,500.
What type of property is this?
The property 510 Cornwallis Ave is land located in Locust Grove, Virginia, 22508.
Is this property for sale now?
Active Listing: 510 Cornwallis Ave is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 510 Cornwallis Ave are: Locust Grove Elementary School: GreatSchools Rating 5/10Locust Grove Middle School: GreatSchools Rating 4/10Orange County High School: GreatSchools Rating 5/10
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,816 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on January 2, 2013 for $195,000. (source: MLS/tax record).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 510 Cornwallis Ave in Locust Grove, VA and zip code 22508. This home sits on a 0.31 acre lot. It has been listed on Rocket Homes since April 15, 2024 and is currently priced at $387,500.
While more than 11 listings in Locust Grove, VA in April 2024 were sold above asking price, there were more than 12 listings sold at asking price, and more than 10 were sold below. Between March 2024 and April 2024, Locust Grove, VA real estate market has seen increase in the number of listings by 0.8%. In April 2024 median list price was $410,000 and the average listing age was 49 days.
From Rocket Homes Real Estate and based on county public records data.