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501 Monticello Cir, Locust Grove, VA, 22508

$520,000

Home List Price

$6,175*

Closing Credit

4 Bedrooms
3 Full Baths, 1 Partial
3,752 SqFt
$139/SqFt
House

Location

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501 Monticello Cir, Locust Grove$520,000

Buyer Closing Credits

$6,175*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Garage2 spaces
Year Built1999
HeatingCentral, Propane
CoolingCentral Air
FireplaceGas, One
MLS #VAOR2008168
Lot Size0.33 Acres
StatusActive

About 501 Monticello Cir

Nestled in the sought-after gated community of Lake of the Woods, this stunning colonial home offers the perfect blend of luxury and privacy. Featuring 4 spacious bedrooms and 3.5 baths, this home is designed for comfortable living. The wrap-around porch provides a charming space to relax, and the home is situated on a private corner lot in a quiet cul-de-sac. Built by Beach Homes, the gourmet kitchen is perfect for any home chef, and the large, airy rooms provide ample space for family and guests. Lots of extra closets and storage throughout.Upgrades include new Air conditioning June 2015, Roof replaced 2019, Water Heater replaced June2019, See the detailed floor plans in photos. Enjoy the many amenities of Lake of the Woods, including access to the lake, outdoor pool, golf club, tennis courts, jogging paths, and more. This is a rare opportunity to live in one of the area's most desirable communities. All guests and agents must enter through front gate of the community If using GPS sometimes it will route you to the back gate.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1999
  • Stories: 2
  • Living Area: 3,752 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices PenFed Realty
  • Listing Agent: Melissa Longton

Interior Features

Interior Information:

  • Basement: No
  • Fireplace: Gas, One

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 2 spaces

Lot Features

Lot Information:

  • Lot Size: 0.33 Acres

Utilities

Utilities Information:

  • Heating: Central, Propane
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Take Exit 130B off of I95 South head west on Route 3 for 14 miles, take a left at lake of the woods parkway once through security gate take a right on Lake of the woods parkway in 350 feet turn left on Lakeview parkway, in 2.7 miles turn left on Independe

Price Information

Listing Price Info

Price Summary:

  • List Price: $520,000
  • Price Per SqFt: $139/SqFt

HOA Fees:

  • Amount: $1050
  • Frequency: Semi-Annually

Tax Information:

  • Annual Amount: $2,374
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Locust Grove, VA.

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Locust Grove, VA

City

Med. Sold Price

$420K

Med. Price/SqFt

$209

Avg. Days On Market

43

# of Sold Homes

55

501 Monticello Cir vs Locust Grove

62 DAYS ON ROCKET

+19 Days

$520,000

+$100K More

$139/SqFt

-$71 Less

KEY TAKEAWAY

This property is $100K more than the Median Sold Price and $71/SqFt less than other homes in Locust Grove, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #VAOR2008168

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices PenFed Realty
  • Listing Agent: Melissa Longton

IDX 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.

Copyright © 2024 Charlottesville Area Association of Realtors®. 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: 12/25/2024, 1:20:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 02, 2015Home Sold
$299,900
Aug 24, 2004Home Sold
$378,000

Tax History

YEARPROP. TAXASSESSMENT
2020$2,374$329,700
2019$2,480$308,500
2018$2,480$308,500
2017$2,480$308,500

History based on county public records data.

Payment Calculator

$2,838

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,625

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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.

Nearby Schools

school-card-donut-1522363
4
/10

  • Locust Grove Elementary School

  • 31208 Constitution Hwy

  • 3.60 miles

  • Public District Grades 3-5

school-card-donut-1522364
7
/10

  • Brock Road Elementary School

  • 10207 Brock Rd

  • 5.38 miles

  • Public District Grades PK-5

school-card-donut-1522365
5
/10

  • Wilderness Elementary School

  • 11600 Catharpin Rd

  • 8.35 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $83,600. Typical income of Locust Grove, VA residents is between $35k-100k annually. Residents typically live in married, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 501 Monticello Cir

What is the listing price of this property?

The listing price of 501 Monticello Cir property is $520,000.

What type of property is this?

The property 501 Monticello Cir is a house located in Locust Grove, Virginia, 22508.

Is this property for sale now?

Active Listing: 501 Monticello Cir is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $2,374 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 2, 2015 for $299,900. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 501 Monticello Cir has 4 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 501 Monticello Cir is 3,752 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 501 Monticello Cir is 1999.

Rocket Homes›Virginia›Orange County›Locust Grove›22508›501 Monticello Cir

This home is located at 501 Monticello Cir in Locust Grove, VA and zip code 22508. This 3,752 square foot home, which was built in 1999, sits on a 0.33 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 24, 2024 and is currently priced at $520,000.

In November 2024, from all listings sold in Locust Grove, VA there were more than 13 sold above asking price, over 23 sold below and more than 19 were sold right at the asked price. The inventory of homes for sale in Locust Grove, VA between October 2024 and November 2024 decreased by 3%. Listings spent 43 days on the market in November 2024, and had a median list price of $420,000 during the same period.

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

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