2 months on rocket

505 Promenade Ln, Williamsburg, VA, 23185

$335,000

Home List Price

$3,978*

Closing Credit

2 Bedrooms
2 Full Baths, 1 Partial
1,489 SqFt
$225/SqFt
Condo

Location

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505 Promenade Ln, Williamsburg$335,000

Buyer Closing Credits

$3,978*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
ParkingAssigned/Reserved
Year Built2019
HeatingHeat Pump
CoolingCentral Air
BasementYes
MLS #10553708
Lot Size0.01 Acres
StatusActive

About 505 Promenade Ln

Meticulously maintained condo with an open floor plan downstairs featuring a spacious living room seamlessly connected to the dining area and a sleek kitchen complete with bar seating, stainless steel appliances, and stunning granite countertops. Beautiful plank flooring, wainscoting, and a convenient half bath complete the main level. Upstairs, you’ll find a versatile loft, perfect as an additional living space or home office, and two luxurious primary bedroom suites, each with tray ceilings, expansive walk-in closets, and en-suite bathrooms—one featuring a tub/shower combo and the other with a walk-in shower. A laundry closet completes the upstairs. Privacy fenced patio area to enjoy the outdoors. The community boasts a clubhouse, pool, exercise room, gym, and playground. Situated in a prime location near I-64, you'll enjoy easy access to Colonial Williamsburg, Busch Gardens, Water Country, shopping, and more. Don’t miss out on this amazing opportunity!

Property Details

Property Features

Property Information:

  • Architectural Style: Transitional
  • Year Built: 2019
  • Stories: 2
  • Living Area: 1,489 SqFt

Listing Office:

  • Office Name: Reames Realty
  • Listing Agent: Michael Reames

Interior Features

Interior Information:

  • Appliances: Dishwasher, /Dryer Connection, Microwave, Electric Range, Refrigerator, Washer Connection
  • Basement: Yes
  • Flooring Type: Carpet, Ceramic, Laminate/LVP
  • Interior: Bar, Pull Down Attic Stairs, Walk-In Closet

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Patio

Parking Information:

  • Parking: Assigned/Reserved

Lot Features

Lot Information:

  • Lot Size: 0.01 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $335,000
  • Price Per SqFt: $225/SqFt

Tax Information:

  • Annual Amount: $1,793
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Williamsburg, VA.

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Williamsburg, VA

City

Med. Sold Price

$501.2K

Med. Price/SqFt

$212

Avg. Days On Market

33

# of Sold Homes

176

505 Promenade Ln vs Williamsburg

74 DAYS ON ROCKET

+41 Days

$335,000

-$166.2K Less

$225/SqFt

+$12 More

KEY TAKEAWAY

This property is $166.2K less than the Median Sold Price and $12/SqFt more than other homes in Williamsburg, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #10553708

Listing Office:

  • Office Name: Reames Realty
  • Listing Agent: Michael Reames

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Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$1,793$213,400
2019 - $207,200

History based on county public records data.

Payment Calculator

$1,739

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,071

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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.

Nearby Schools

school-card-donut-4311354
6
/10

  • Laurel Lane Elementary School

  • 112 Laurel Ln

  • 0.60 miles

  • Public District Grades PK-5

school-card-donut-4311355
5
/10

  • Clara Byrd Baker Elementary School

  • 3131 Ironbound Rd

  • 1.52 miles

  • Public District Grades PK-5

school-card-donut-4311356
4
/10

  • Matthew Whaley Elementary School

  • 301 Scotland St

  • 2.37 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $95,966. Typical income of Williamsburg, VA residents is between $100k-200k annually. The majority of families are married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 505 Promenade Ln

What is the listing price of this property?

The listing price of 505 Promenade Ln property is $335,000.

What type of property is this?

The property 505 Promenade Ln is a condo located in Williamsburg, Virginia, 23185.

Is this property for sale now?

Active Listing: 505 Promenade Ln 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 $1,793 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 505 Promenade Ln has 2 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 505 Promenade Ln is 1,489 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 505 Promenade Ln is 2019.

Rocket Homes›Virginia›James City County›Williamsburg›23185›505 Promenade Ln

This home is located at 505 Promenade Ln in Williamsburg, VA and zip code 23185. This 1,489 square foot home, which was built in 2019, sits on a 0.01 acre lot. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 04, 2024 and is currently priced at $335,000.

In November 2024, from all listings sold in Williamsburg, VA there were more than 6 sold above asking price, over 20 sold below and more than 13 were sold right at the asked price. The number of homes for sale in Williamsburg, VA decreased by 3.8% between October 2024 and November 2024. In November 2024, listings were on the market for 33 days. During the same period, the median list price in this real estate market was $501,250.

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

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