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2971 Franciscan Lane

2971 Franciscan Lane, Fairfax, VA 22031
Townhouse in Merrifield
Sold Dec 18, 2023
$335,799
$270,000 by Eagle Bank
Mortgage
Sold Jun 21, 2022
$739,999
$350,000 by Truist Bank
Mortgage Due Jul 01, 2052
Local assessors in Fairfax, VA have categorized 2971 Franciscan Lane as a residential type of property. The home was built in 1999 and is 25 years old. The property's lot size has been calculated to be 2,000 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a bi-level style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 8 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 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 2971 Franciscan Lane has a total of 1,940 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 with daylight that is 317 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. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a garage underground or in the basement for those who need a place to park their vehicle. The garage on the property is 264 sqft. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. 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 roof that is made of composition shingle. Lots of brick were used in the construction of the exterior walls of the home. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a heating system 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, 2971 Franciscan Lane was last sold in Nov 27, 2023 for $335,799. According to our calculations, that's $148.78 per sqft. Prior to that sales transaction, the property was sold for $739,999 in Jun 17, 2022. Current property owners are expected to pay $7,778 in taxes per year. The property on 2971 Franciscan Lane was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $680,200. To break that down further, the land itself was valued at $225,000. While improvements to the property were assessed at a total of $455,200. 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. Purchasing a home can require a lot of financial power in this day and age but not everyone has the savings to do so. As a result, many will get a mortgage loan to aid them in one of the most finance-intensive purchases of their lives. It's important when shopping for a mortgage to aim the best possible rate you can get. The lower your interest rate, the better as it can mean more money saved in the long run. In the following guide, we'll cover our best tips for how to get the best mortgage rate to your situation. 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

Brick Exterior
Stucco Exterior

Driveway

Driveway

Parking

Paved Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Construction Type: Frame
  • Building Style: Bi-level
  • Exterior Walls Type: Brick
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Full basement with daylight
  • Basement Area: 317
  • Garage Type: Underground/basement
  • Garage Square Area: 264
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,000
  • Total Building Area: 2,257
  • Gross Building Area: 2,257
  • Building Area: 1,940
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 1,940
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WELLS PROPERTY
  • Land Acres: 0.046
  • Standard Land Use Code: Townhouse (residential)
  • Legal Description 1: WELLS PROPERTY LT 34

Ownership

  • Current Owner : SR AGENTS LLC
  • Current Owner 2: KIM
  • Previous Owner : SR AGENTS LLC
  • Owner Before Previous Owner: MUOTOH BRIAN U
  • Owner Before Previous Owner 2: MUOTOH OGECHI
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Fairfax County Public Schools
  • Census Tract: 461700

Zoning

  • Zoning: 180

Geography

  • Assessors Map Reference: 049-3
  • District: Nov 30, 2006
  • Parcel: 0493-33-0034
  • Lot: 34
  • Municipality: PROVIDENCE
  • Latitude: 38.8711
  • Longitude: -77.2471

    Address

  • Full Address: 2971 Franciscan Ln
  • Address - House Number: 2971
  • Address - Street Name: Franciscan
  • Address - Suffix Type: Ln
  • State: VA
  • City Name: Fairfax
  • Carrier Code: C024
  • 4-Digit Zip Code: 2155
  • Zip Code: 22031

Valuation

    Tax

  • Total Area: 1,944
  • Tax Year: 2022
  • Tax Amount: $7,778
  • Tax Rate Code Area: 70000

    Appraisal Valuation

  • Standard Deviation: 0.111
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 88
  • Final Value: 821,871
  • High Value: 913,178
  • Low Value: 730,563

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $270,000
  • First Open Lien Mortgage Lender: EAGLE BANK
  • First Open Lien Mortgage Recording Date: Aug 22, 2008
  • First Open Lien Mortgage Loan Amount: $270,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: SBA Participation Trust Deed

    Market Valuation

  • Market Total Value: $680,200
  • Market Land Value: $225,000
  • Market Improvement Value: $455,200

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $680,200
  • Assessed Land Value: $225,000
  • Assessed Improvements Value: $455,200

    Sales

  • Current Sale Contract Date: Nov 27, 2023
  • Current Sale Recording Date: Dec 18, 2023
  • Current Sale Transaction ID: 11918431302
  • Current Sale Price: $335,799
  • Current Sale Document Type: Trustee's Deed (Certificate of Title)
  • Current Sale Input Document Number: 57642
  • Previous Sale Recording Date: Jun 21, 2022
  • Previous Sale Contract Date: Jun 17, 2022
  • Previous Sale Amount: $739,999
  • Previous Sale Document Type: Deed

    Previous Mortgages

  • Previous Mortgage Lender: TRUIST BANK
  • Previous Mortgage Transaction Date: Jun 21, 2022
  • Previous Mortgage Loan Amount: $350,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2052

About Merrifield



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Frequently Asked Questions

What neighborhood is 2971 Franciscan Lane located in?
The 2971 Franciscan Lane is a townhouse located in the neighborhood of Merrifield in Merrifield, Fairfax.
What is the average sales price for listings in 2971 Franciscan Lane?
The average sales price for units in 2971 Franciscan Lane is $0 currently.

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