2 months on rocket

518 Bancroft Ave, Colonial Beach, VA, 22443

$419,900

Home List Price

$4,986*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
1,712 SqFt
$245/SqFt
House
Schools Nearby

Location

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518 Bancroft Ave, Colonial Beach$419,900

Buyer Closing Credits

$4,986*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway
Year Built1955
HeatingHeat Pump, Forced Air
CoolingCentral Air, Heat Pump
MLS #VAWE2005962
Lot Size0.33 Acres
StatusActive
(ACTIVE)

About 518 Bancroft Ave

Nestled in the heart of Colonial Beach, this enchanting 3-bedroom, 1.5-bath residence presents a rare opportunity to own a piece of paradise on a coveted double lot. The heart of the home boasts a welcoming living room that transitions seamlessly into a dining area and a fully equipped kitchen.The rear enclosed porch provides a peaceful retreat for all seasons. This versatile space, with its panoramic windows, ensures natural light while offering shelter from the elements, making it an ideal spot for relaxation or entertainment. With its idyllic location, this property promises the perfect blend of tranquil living and lucrative investment potential, ideal for those aspiring to embrace the beach lifestyle or venture into the Airbnb market. Located mere minutes from the pristine shores of the Potomac River, embrace a lifestyle filled with sun-soaked days, waterfront activities, and picturesque sunsets. This home is an invitation to live the dream of beachside living, with fishing, boating, and swimming all at your doorstep. Beyond the allure of the beach, enjoy the vibrant community of Colonial Beach, with its charming local shops, restaurants, and a calendar brimming with cultural events and festivals. The convenience of being close to major cities like Washington, D.C., and Richmond adds to the appeal, offering the best of both worlds. Don't miss the chance to own this coastal gem in Colonial Beach, where every day feels like a vacation. Whether you're seeking a permanent residence, a vacation home, or a profitable rental property, this home is a beacon of possibilities. Your Coastal Living Awaits – Discover the Charm of Colonial Beach.

Property Details

Property Features

Property Information:

  • Architectural Style: Ranch/Rambler
  • Year Built: 1955
  • Stories: 1
  • Living Area: 1,712 SqFt

Listing Office:

  • Office Name: EXP Realty, LLC
  • Office Phone: (833) 335-7433
  • Listing Agent: Charles R Rutter

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Parking Information:

  • Parking: Driveway

Virtual/3D Tour

  • Virtual Tour: 518 Bancroft Ave

Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 0.33 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump, Forced Air
  • Cooling: Central Air, Heat Pump

School Info

Assigned Schools Information:

  • Colonial Beach High School, Public District Grades 8-12
  • Colonial Beach Elementary School, Public District Grades PK-7

Other

Directions Information:

  • Directions: Take 205 to Colonial Beach. Turn Left on Colonial Ave. Turn Right on Washington Ave. Turn Right on Boundry and make immediate left on Bancroft Ave. House is on the Left hand side.

Price Information

Listing Price Info

Price Summary:

  • List Price: $419,900
  • Price Per SqFt: $245/SqFt

Tax Information:

  • Annual Amount: $918
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Colonial Beach, VA.

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Colonial Beach, VA

City

Med. Sold Price

$307.3K

Med. Price/SqFt

$217

Avg. Days On Market

46

# of Sold Homes

14

518 Bancroft Ave vs Colonial Beach

86 DAYS ON ROCKET

+40 Days

$419,900

+$112.6K More

$245/SqFt

+$28 More

KEY TAKEAWAY

This property is $112.6K more than the Median Sold Price and $28/SqFt more than other homes in Colonial Beach, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: BRIGHT
  • MLS Number: #VAWE2005962

Listing Office:

  • Office Name: EXP Realty, LLC
  • Office Phone: (833) 335-7433
  • Listing Agent: Charles R Rutter

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/29/2024, 8:15:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$918$195,300
2018$1,230$195,300
2017$762$195,300

History based on county public records data.

Payment Calculator

$2,163

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,325

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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.

Middle School

school-card-donut-2974844
4
/10

  • Colonial Beach Elementary School

  • 315 Douglas Ave

  • 0.66 miles

  • Public District Grades PK-7

High School

school-card-donut-2974845
5
/10

  • Colonial Beach High School

  • 100 1st St

  • 1.03 miles

  • Public District Grades 8-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $61,750. Most Colonial Beach, VA residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 518 Bancroft Ave

What is the listing price of this property?

The listing price of 518 Bancroft Ave property is $419,900.

What type of property is this?

The property 518 Bancroft Ave is a house located in Colonial Beach, Virginia, 22443.

Is this property for sale now?

Active Listing: 518 Bancroft 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 518 Bancroft Ave are:
Colonial Beach Elementary School: GreatSchools Rating 4/10
Colonial Beach 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 $918 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 518 Bancroft Ave has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 518 Bancroft Ave is 1,712 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 518 Bancroft Ave is 1955.

Rocket Homes›Virginia›Westmoreland County›Colonial Beach›22443›518 Bancroft Ave

This home is located at 518 Bancroft Ave in Colonial Beach, VA and zip code 22443. This 1,712 square foot home, which was built in 1955, sits on a 0.33 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since February 03, 2024 and is currently priced at $419,900.

While more than 3 listings in Colonial Beach, VA in March 2024 were sold above asking price, there were more than 5 listings sold at asking price, and more than 6 were sold below. Between February 2024 and March 2024, Colonial Beach, VA real estate market has seen increase in the number of listings by 10%. The median list price of listings available in March 2024 was $307,300, while the average time on the real estate market was 46 days.

From Rocket Homes Real Estate and based on county public records data.

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