3530 Plank Road

Local assessors in Fredericksburg, VA have categorized 3530 Plank Road as a commercial type of property. The home was built in 1996 and is 28 years old. The property's lot size has been calculated to be 45,302 square feet. If we look only at the heated or air conditioned part of the building, then 3530 Plank Road has a total of 2,860 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

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. Lots of brick were used in the construction of the exterior walls of the home. The home has been utilizing gas for fuel. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 3530 Plank Road sold most recently in Jan 29, 2001 for a total of $1,005,000. If you work out the math, that's approximately a cost of $351.40 per sqft. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $14,503 in taxes each year. 3530 Plank Road was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $1,966,000. If we break it down further, the land itself was valued at $1,053,300. Improvements to the property, however, were assessed at a total of $912,700. The property's total market value has been marked the same as the total assessed value which is pretty typical. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.