3 Elm Ct, Palmyra, VA, 22963
About This Home
GATED LAKE MONTICELLO POOL HOME ON 1.18± ACRES — 3 ELM CT, PALMYRA, VA 5 Bed | 4 Bath | 3,370± SF + Finished Basement | Saltwater Pool | 1.18± Acre Lot A rare find in one of Central Virginia's premier gated lake communities: a spacious, structurally sound home with a saltwater pool, an oversized lot, and room to grow — priced to sell with updates factored into the Reserve. Live in it now, upgrade on your terms. On public water/sewer, low-risk flood zone. Roof, HVAC, and water heater are near end of life and reflected in pricing — buy right and capture the equity yourself instead of paying a flipper's markup. STANDOUT FEATURES: In-ground saltwater pool (792± SF), pump ~5 years old - 1.18± acre lot — nearly double neighboring parcels- Two decks (626± & 528± SF), covered porch, storage shed- 3,370± SF finished living space plus 778± SF finished basement- Heat pump w/ central air, block foundation, composition roof- LAKE MONTICELLO LIFESTYLE: Gated, privately patrolled community on a 350-acre lake with 5 beaches, marina, boat launches/slips. 18-hole golf course & Fairway Clubhouse, Ashlawn Clubhouse pool, pickleball, tennis, basketball, playgrounds, walking trails, and The Bistro dining — all for ~$1,200/yr HOA. Zoned for Fluvanna County Schools (B+ Niche rating). ~15 miles / 30 min to Charlottesville & UVA. IDEAL FOR: Investors, flippers, contractors, owner-occupants, and 203(k)/renovation-loan buyers seeking more house, more land, and more amenities in a community people pay to join. RealAVM™ $582,300 | Confidence Score 93 | Range $542,200–$622,300 | As of 06/08/2026
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Resale
- Year built: 1988
Materials
- Roof: Composition,Shingle
- Construction materials: Block,Drywall,Concrete,Plaster,Wood Siding
Type & Style
- Home type: SingleFamily
- Architectural style: A-Frame,Two Story
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Cooktop,Dryer,Dishwasher,Electric Water Heater,Freezer,Ice Maker,Microwave,Range,Refrigerator,Stove,Washer
Basement
- Has basement: Yes
- Basement: Finished,Garage Access,Heated
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Features
- Bookcases,Built-in Features,Bedroom on Main Level,Breakfast Area,Bay Window,Ceiling Fan(s),Dining Area,Separate/Formal Dining Room,Double Vanity,Eat-in Kitchen,Granite Counters
- Window features: Screens
- Flooring: Ceramic Tile,Partially Carpeted,Wood
- Attic: Access Only,Expandable
- Finished area below ground: 778
- Finished area above ground: 2,592
Half Bath
- Level: First
Heating & Cooling
- Heating features: Electric,Forced Air
- Cooling features: Central Air,Attic Fan
Interior Area
- Total interior livable area: 3,370 sqft
Other
- Level: First
Other
- Level: Second
Property
Details
- Parcel number: 18A399
- Zoning description: R-4
Features
- Levels: Two
- Stories: 2
- Pool features: Concrete,Fenced,In Ground,None,Community
- Patio & porch: Balcony,Rear Porch,Deck,Porch
- Exterior features: Deck,Lighting,Porch,Storage,Shed,Paved Driveway
Lot
- Lot size: 1.18 Acres
- Features: Cul-De-Sac
Parking
- Total spaces: 2
- Parking features: Attached,Direct Access,Driveway,Garage,Garage Door Opener,Oversized,Paved,Workshop in Garage,Boat,RV Access/Parking
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Lightning
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters Across Virginia Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,946 | $23,352 |
| Home Insurance * | $141 | $1,692 |
| Property Taxes | $274 | $3,288 |
| Electricity | $324 | $3,895 |
| Total | $2,685 | $32,220 |
Income You'd Need if You Spent...
Virginia FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-27 | Price change | $385,000 |
| 2026-07-24 | Price change | $226,000 |
| 2026-07-06 | Listed for sale | $185,000 |
| 1996-08-01 | Sold | $139,500 |
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