11846 Salem Church Rd, Gloucester, VA 23061

3 beds, 2.5 baths, 1,596 sqft
For Sale by Owner
$253,497
Price cut: -$503 (7/8)
Zestimate®: $226,276
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1,596Sqft Cape Cod home on 5.58 acres, 1,024Sqft 3 car detached garage with 18,000BTU AC, 55Gal Air Compressor, adtl $10,000 upgrade (ask for details), 100A 220V and SAT-TV wiring, 220Sqft storage shed with 115V power. 90% forested property boarded by large corn/soybean field on back quarter of property (not visible from the house). Great hunting, close to campgrounds and river access, very private; only one neighbor visible during winter. Twin septic tanks, great tasting high flow well, and large dog run.
The house is currently occupied by renters until approx March 2015, rental income is currently covering approx 88% of P&I, however, it could be rented for more.
I am looking to "sell" the house through a VA loan assumption to another veteran/active duty member, however, I am willing to sell to anyone provided they cover the closing and all required paperwork.
If you would like to purchase the house under the VA loan assumption you will get the current loan with interest rate of 3.79%. The process is very easy, requires verification of VA benefits and approval from the bank based on your VA eligibility. It will not require appraisals and closing costs are approx $1450 (seller will also cover up to that amount).
If you are interested in purchasing the property and are not VA eligible, then you may purchase the property provided the "To Seller" cash is $254,000 out the door. you will have to provide your own financing and complete the regular buyer/seller process.
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Facts
  • Lot: 5.58 acres
  • Single Family
  • Built in 2005
  • 35 days on Zillow
  • Cooling: Central, Wall
  • Heating: Heat pump
  • Last sold: Jan 2009 for $264,900
  • Price/sqft: $159
Features
  • Barbecue
  • Ceiling Fan
  • Flooring: Carpet, Laminate
  • Lawn
  • Parking: Garage - Detached, Off street, 3 spaces, 1400 sqft
  • RV Parking
  • Vaulted Ceiling
Appliances Included
  • Dishwasher
  • Microwave
  • Range / Oven
  • Refrigerator
Room Types
  • Laundry room
  • Master bath
  • Walk-in closet
Construction
  • Exterior material: Brick, Vinyl
  • Foundation type: Other
  • Roof type: Asphalt
  • Room count: 6
  • # Stories: 2.0
  • Structure type: Cape cod
Other
  • Floor size: 1,596 sqft
  • Heating: Electric
  • Parcel #: 40500
  • Zillow Home ID: 94129625
Home Values
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$226,276
-$1,535 Last 30 daysd
$215K
$238K
Zestimate range
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A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$1,550/mo
-$29 Last 30 daysd
$1.5K
$2K
Zestimate range

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    Premier Agents specialize in this area and can assist you in seeing a home or answer your questions.

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