About This Home
This 3-bedroom, 2-bathroom single family at 614 PEACH ST in Cape Charles, VA is listed for $379,000 ($329 per sqft). Built in 1910, the home offers 1,152 sqft of living space on a 0.10 acres lot.
Key Features
- Built in 1910
- 0.10 acre lot
- 2 stories
Property Details
Bring your vision to life in the heart of Cape Charles! This unique renovation opportunity offers more than a home ready for restoration-the current owners have already completed significant planning, research, and preliminary work to help move the project forward.
Enjoy the charm and convenience of Cape Charles, with the beach, downtown shops, restaurants, parks, and other town amenities nearby. Cape Charles is well known for its walkable, bicycle- and golf-cart-friendly coastal lifestyle, making it easy to enjoy everything this special Eastern Shore town has to offer.
Whether a buyer envisions a primary residence, second home, or potential investment property, this property presents an exciting opportunity to continue a thoughtfully planned renovation while benefiting from much of the preliminary groundwork already undertaken by the current owners.
Since purchasing the property, the owners have cleared the interior and removed substantial debris and existing finishes, providing a more open view of the home's structure and a starting point for its next chapter. They have also worked with a surveyor, structural engineer, contractor, and the Town of Cape Charles Historic District Review Board while developing their proposed renovation plans.
The owners' proposed plans envision transforming the property into a 3-bedroom, 2.5-bath home with an expanded footprint, screened porch, golf cart garage, and additional space above. The owners have obtained Historic District approvals related to elements of their proposed design and have worked through the Town regarding the proposed expansion of the home's footprint.
A structural engineer has also evaluated the existing chimney in connection with the owners' proposed removal. Adding even more value to the planning already completed, an appraisal prepared in connection with the proposed completed renovation is available with the listing documents.
The appraisal reflects an indicated value by the Sales Comparison Approach of $765,000, subject to completion of the improvements contemplated in the appraisal. This figure is a prospective opinion of value based upon the assumptions, plans, specifications, conditions, and completion described in the appraisal and is not a representation or guarantee of the property's current value or future market value.
Buyers should review the complete appraisal and rely upon their own due diligence when evaluating the property and proposed project. Property is offered in its current as-is condition.
Monthly Cost Estimate
$2,027/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
614 PEACH ST
Cape Charles, VA 23310
CAPE CHARLES INCORP.
Features & Amenities
Interior Features
Exterior Features
Property Details
Outdoor Features
Questions & Answers
This 3-bedroom, 2-bathroom single family at 614 PEACH ST is listed at $379,000 ($329/sqft). The estimated monthly payment is $2,027 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1910, 0.10 acre lot, 2 stories. Interior Features: 1st Floor Bedroom. Exterior Features: Paved Driveway, Community Amenities, Enclosed Porch.
This property is listed by Sarah Rivas and can be reached at 7577102871.
