Owner
$400,451
312 MERSHON WAY, WILLIAMSBURG, VA
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
2
sq. ft.
1,665
property type
Townhouse (Residential)
hoa
Yes
About
Residential
Living Area
2 Stories
Forced Air Unit
Frame
Central
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
2018
Building Size
1,665 sq ft
Lot Size
4,138 sq ft
Lot Size (Acres)
0.09 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
D16C-1087-1471
County
York County, Virginia
Metro Area
Virginia Beach-Chesapeake-Norfolk, VA-NC
Zoning
PLANNED DEVELOPMENT
Neighborhood/Subdivision
THE RESERVE AT WILLIAMSBURG
Lot Number
30
School District
York County Public Schools
Legal Description
RESERVE AT WILLIAMSBURG (THE) TOWNHOMES PHASE 2 LOT 30
Tax & Value Information
Market Value (Total)
$355,300
Building Value
$261,300
Land Value
$94,000
Annual Property Tax
$2,629
Tax Assessment Year
2024
Assessed Value
$355,300
Last Assessment Year
2025
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
6/22/2018
Recording Date
7/17/2018
Sales Document #
2018.13236
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$360,057
Average Price per Sq.Ft.: $216.25
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$15,495
Return on Investment
15.60%
After Repair Value
$440,496
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
Show Advanced Options
Analysis Details
Purchase Price
$360,406
Renovation Cost
$20,023
Closing Costs (buying)
$7,208
Holding Costs
$10,934
Selling Costs
$26,430
Total Investment
$99,312
After Repair Value (ARV)
$440,496
Total Costs
$425,001
Estimated Profit
$15,495
Cash Invested
$92,104
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
Matthew Whaley Elementary School
D
Elementary
301 Scotland Street, VA
1.95 miles away
Queens Lake Middle School
B
Middle
124 West Queens Drive, VA
3.16 miles away
Lafayette High School
D
High
4460 Longhill Road, VA
2.69 miles away
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Mixed Use
Walkability
Excellent
(21 POIs within 1mi)
Amenities Within 0.5mi
6
locations
Schools Within 1mi
2
schools
Area Class
C
class
Investor Insight
This is a mixed use area with 21 amenities within 1 mile.
The property is within reach of many amenities.
Key features for tenant appeal:
Schools Nearby
Public Transit
Recreation
High-Risk Services
Map Filters
Key Amenities in the Area
Shell
0.4 mi • Automotive & Industrial
Champions at Waller Mill Elementary
0.5 mi • Education
MinuteClinic
0.5 mi • Essential Services
Kiwanis Park
0.7 mi • Recreation
Revolution Golf and Grille
0.7 mi • Adult Entertainment & Liquor
Greyhound Bus
1.5 mi • Transit
Williamsburg City Fire Department
1.5 mi • Emergency Services
Check Into Cash
2.6 mi • High-Risk Financial Services