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10575 Madison Drive

10575 Madison Drive, King George, VA 22485
House in King George
Sold Aug 03, 2020
$300,000
$294,566 by Quicken Loans Llc
Mortgage
Sold Oct 28, 2019
$115,500
$145,200 by Virginia Partners Bank
Mortgage
Local assessors in King George, VA have categorized 10575 Madison Drive as a residential type of property. The home was built in 1977 and is 47 years old. The property's lot size has been calculated to be 20,996 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 10575 Madison Drive has a total of 1,540 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations. There is a full basement that is 1,200 sqft. Perfect for those looking for additional storage or living space such as a recreational room, additional bedroom, etc.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. Additional features on the property are as follows. There is a garage for those who need a place to park their vehicle. The garage on the property is 576 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has a porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gable or hip style roof that was made of composition shingle. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on air conditioning for their cooling system. The home's a heat pump is the primary heating source and it is being fueled with electricity. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 10575 Madison Drive was last sold in Jul 30, 2020 for $300,000. According to our calculations, that's $194.81 per sqft. Prior to that sales transaction, the property was sold for $115,500 in Oct 23, 2019. Current property owners are expected to pay $2,105 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2022. The property on 10575 Madison Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $309,500. To break that down further, the land itself was valued at $60,000. While improvements to the property were assessed at a total of $249,500. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

Masonry Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1977
  • Effective Year Built: 1977
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Construction Type: Frame
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Floor Cover: Carpet
  • Basement Type: Full basement
  • Basement Area: 1,200
  • Garage Type: Garage
  • Garage Square Area: 576
  • Parking Space Count: 1
  • Porch Type: Porch

    Dimensions

  • Lot Size Square Feet: 20,996
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,540
  • Building Area: 1,540
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,540
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Septic
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: PRESIDENTIAL LAKES
  • Land Acres: 0.482
  • Standard Land Use Code: Single family residential
  • Legal Description 1: PRESIDENTIAL LAKES SUBD SEC 2 LOT 82 .482 A 20952 SF

Ownership

  • Current Owner : RILEY TONYA M
  • Previous Owner : SMITH MAURICE
  • Owner Before Previous Owner: WADE INVESTMENT PROPERTIES LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: King George County Public Schools
  • Census Tract: 040400

Zoning

  • Zoning: R-1:RES

Geography

  • Assessors Map Reference: MAP:23A
  • Account Number: 3494
  • District: 2
  • Section: 2
  • Parcel: 23A-2-82
  • Lot: 82
  • Municipality: RAPPAHANNOCK
  • Latitude: 38.2744
  • Longitude: -77.218

    Address

  • Full Address: 10575 Madison Dr
  • Address - House Number: 10575
  • Address - Street Name: Madison
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: King George
  • Carrier Code: R008
  • 4-Digit Zip Code: 2055
  • Zip Code: 22485

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,105
  • Intital Tax Deliquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.137
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 84
  • Final Value: 370,888
  • High Value: 421,718
  • Low Value: 320,057

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $359,566
  • First Open Lien Mortgage Lender: QUICKEN LOANS LLC
  • First Open Lien Mortgage Recording Date: Aug 03, 2020
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $294,566
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • Second Open Lien Mortgage Lender: TOPLINE FEDERAL CREDIT UNION
  • Second Open Lien Mortgage Recording Date: Sep 13, 2022
  • Second Open Lien Mortgage Loan Amount: $65,000
  • Second Open Lien Mortgage Term: 180
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Sep 02, 2037

    Market Valuation

  • Market Total Value: $309,500
  • Market Land Value: $60,000
  • Market Improvement Value: $249,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $309,500
  • Assessed Land Value: $60,000
  • Assessed Improvements Value: $249,500

    Sales

  • Current Sale Contract Date: Jul 30, 2020
  • Current Sale Recording Date: Aug 03, 2020
  • Current Sale Transaction ID: 11784837346
  • Current Sale Price: $300,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 200002851
  • Previous Sale Recording Date: Oct 28, 2019
  • Previous Sale Contract Date: Oct 23, 2019
  • Previous Sale Amount: $115,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS LLC
  • First Mortgage Transaction Date: Aug 03, 2020
  • First Mortgage Loan Amount: $294,566
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: VIRGINIA PARTNERS BANK
  • Previous Mortgage Transaction Date: Oct 28, 2019
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $145,200
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About King George



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Frequently Asked Questions

What neighborhood is 10575 Madison Drive located in?
The 10575 Madison Drive is a house located in the neighborhood of King George in King George, King George.
What is the average sales price for listings in 10575 Madison Drive?
The average sales price for units in 10575 Madison Drive is $0 currently.

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