Welcome to 5 Chatham Lane, a spacious 2,883 sq ft home in the sought-after Lake Monticello community. This 4-bedroom, 2.5-bath home on a 0.33-acre lot blends charm, comfort, and convenience. Relax on the wrap-around front porch or entertain year-round on the large screened-in rear porch overlooking the private backyard. Inside, the main level features two fireplaces, creating a warm and inviting atmosphere in the living and family rooms. The kitchen offers ample cabinetry, modern appliances, and seamless flow into the dining area, perfect for gatherings. The primary suite boasts an en-suite bath upstairs, while three additional bedrooms provide space for guests, a home office, or hobbies. A matching site-built shed provides ample storage for tools and outdoor gear. Located in Lake Monticello, residents enjoy five sandy beaches, an 18-hole golf course, tennis, a clubhouse, a pool, walking trails, and dining. A fantastic opportunity for comfortable living in Palmyra, VA! The listing agent is related to the seller.
Closed
$351,500
5 Chatham Ln, Palmyra, VA 22963
4beds
2,883sqft
Single Family Residence
Built in 1994
0.33 Acres Lot
$345,900 Zestimate®
$122/sqft
$2,850 Estimated rent
Home value
$345,900
$294,000 - $408,000
$2,850/mo
Zestimate® history
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$3,293/mo
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List your homeWhat's special
Modern appliancesTwo fireplacesPrivate backyardThree additional bedroomsLarge screened-in rear porchWrap-around front porchAmple cabinetry
Zillow last checked:
Listing updated:
Listed by:
KEITH SMITH 434-531-0795,
YES REALTY PARTNERS,
YONNA SMITH 434-531-0817,
YES REALTY PARTNERS
Bought with:
ERRIN SEARCY, 0225095090
STORY HOUSE REAL ESTATE
Source: CAAR,MLS#: 662148
Originating MLS: Charlottesville Area Association of Realtors
Originating MLS: Charlottesville Area Association of RealtorsFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
- Main level bathrooms: 1
Primary bedroom
- Level: Second
Primary bathroom
- Level: Second
Bathroom
- Level: Second
Dining room
- Level: First
Great room
- Level: First
Half bath
- Level: First
Kitchen
- Level: First
Other
- Level: First
Utility room
- Level: First
Heating
- Heat Pump
Cooling
- Central Air
Features
- Utility Room
- Has basement: No
Interior area
- Total structure area: 3,027
- Total interior livable area: 2,883 sqft
- Finished area above ground: 2,883
- Finished area below ground: 0
Property
Features
- Levels: Two
- Stories: 2
- Pool features: Association
Lot
- Size: 0.33 Acres
Details
- Parcel number: 18A 1 337
- Zoning description: R-4 Residential
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stick Built
- Foundation: Block, Sealed
Condition
- New construction: No
- Year built: 1994
Utilities & green energy
- Sewer: Community/Coop Sewer
- Water: Community/Coop
- Utilities for property: Fiber Optic Available
Community & neighborhood
Location
- Region: Palmyra
- Subdivision: LAKE MONTICELLO
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $1,238 annually
- Amenities included: Beach Rights, Basketball Court, Boat Dock, Boat Ramp, Clubhouse, Sport Court, Golf Course, Meeting/Banquet/Party Room, Pool, Sports Fields, Tennis Court(s)
Price history
| Date | Event | Price |
|---|---|---|
| 5/12/2025 | Sold | $351,500+3.4%$122/sqft |
Source:  CAAR #662148 Report a problem | ||
| 3/28/2025 | Pending sale | $340,000$118/sqft |
Source: CAAR #662148 Report a problem | ||
| 3/24/2025 | Listed for sale | $340,000$118/sqft |
Source: CAAR #662148 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,684 | $318,000 |
| 2023 | $2,684 | $318,000 +20.1% |
| 2022 | -- | $264,800 |
| 2021 | -- | $264,800 |
| 2020 | -- | $264,800 +15.7% |
| 2018 | $1,857 | $228,800 |
| 2017 | $1,857 | $228,800 +4.3% |
| 2016 | $1,857 | $219,300 |
| 2015 | $1,857 +10.7% | $219,300 +3.9% |
| 2014 | $1,677 -6.4% | $211,000 |
| 2013 | $1,792 | $211,000 -32.9% |
| 2012 | -- | $314,400 |
| 2011 | $1,698 | $314,400 |
| 2010 | -- | $314,400 |
| 2009 | -- | $314,400 |
| 2008 | -- | $314,400 |
| 2007 | -- | $314,400 +32.7% |
| 2006 | -- | $237,000 |
| 2005 | -- | $237,000 +36.8% |
| 2004 | -- | $173,200 |
| 2003 | -- | $173,200 |
| 2002 | -- | $173,200 +22.1% |
| 2001 | $1,007 | $141,900 |
Find assessor info on the county website
Neighborhood: 22963
Nearby schools
GreatSchools rating
- 6/10Fluvanna MiddleGrades: 5-7Distance: 5.9 mi
- 5/10Fluvanna County High SchoolGrades: 8-12Distance: 2.2 mi
- NAWest Central Primary SchoolGrades: PK-KDistance: 5.9 mi
Schools provided by the listing agent
- Elementary: Central (Fluvanna)
- Middle: Fluvanna
- High: Fluvanna
Source: CAAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$345,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$345,900
- Virginia
- Fluvanna County
- Palmyra
- 22963
- 5 Chatham Ln
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