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505 Montgomery Drive

505 Montgomery Drive, Ruther Glen, VA 22546
Property in Caroline
Sold Sep 28, 2022
$359,900
$368,177 by Legend Lending Corporation
Mortgage Due Oct 01, 2052
Sold Jul 05, 2018
$230,000
$232,323 by Mclean Mortgage Corp
Mortgage Due Jul 01, 2048
Local assessors in Ruther Glen, VA have categorized 505 Montgomery Drive as a residential type of property. The home was built in 2004 and is 20 years old. The property's lot size has been calculated to be 12,749 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 2 full bathrooms. There are also 3 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 505 Montgomery Drive has a total of 1,860 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. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. Moving onto specific details regarding the building. Our sources show that the building condition is good. The building has a gable or hip style roof that was made of asphalt. 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. The property was last sold in Sep 26, 2022 for $359,900. That's $193.49 per sqft. Prior to that sales transaction, the property was also sold in Jun 29, 2018 for $230,000. 505 Montgomery Drive was last assessed in 2023. The total value of the property was assessed at $242,000. Specifically, the land the property is located on was valued at $46,000. While improvements on the property were assessed at a total of $196,000. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $1,863. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Exterior

Vinyl Siding

Driveway

Driveway
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2004
  • Effective Year Built: 2004
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Asphalt
  • Floor Count: 2
  • Floor Cover: Wood
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 12,749
  • Total Building Area: 1,860
  • Gross Building Area: 1,860
  • Building Area: 1,860
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,860
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Land Acres: 0.292
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: LAKE LAND OR LOT B 470 12750 SF

Ownership

  • Current Owner : PAGAN JOSE JAVIER
  • Current Owner 2: VALDOVINOS CAROLINA
  • Previous Owner : AUSTIN THURMAN
  • Owner Before Previous Owner: STEWART CHARLES H
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Caroline County Public Schools
  • Census Tract: 030502

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: MB 661 PG 607
  • Account Number: 23125
  • District: 02
  • Parcel: 51A6-1 B-470
  • Municipality: MADISON
  • Latitude: 38.0129
  • Longitude: -77.5425

    Address

  • Full Address: 505 Montgomery Dr
  • Address - House Number: 505
  • Address - Street Name: Montgomery
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: Ruther Glen
  • Carrier Code: R009
  • 4-Digit Zip Code: 1137
  • Zip Code: 22546

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,863

    Appraisal Valuation

  • Standard Deviation: 0.1758
  • Valuation Date: May 31, 2023
  • Confidence Score: 77
  • Final Value: 354,414
  • High Value: 416,740
  • Low Value: 292,088

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $368,177
  • First Open Lien Mortgage Lender: LEGEND LENDING CORPORATION
  • First Open Lien Mortgage Recording Date: Sep 28, 2022
  • First Open Lien Mortgage Loan Amount: $368,177
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Balloon
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2052

    Market Valuation

  • Market Total Value: $242,000
  • Market Land Value: $46,000
  • Market Improvement Value: $196,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $242,000
  • Assessed Land Value: $46,000
  • Assessed Improvements Value: $196,000

    Sales

  • Current Sale Contract Date: Sep 26, 2022
  • Current Sale Recording Date: Sep 28, 2022
  • Current Sale Transaction ID: 11896917382
  • Current Sale Price: $359,900
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 4737
  • Previous Sale Recording Date: Jul 05, 2018
  • Previous Sale Contract Date: Jun 29, 2018
  • Previous Sale Amount: $230,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: LEGEND LENDING CORPORATION
  • First Mortgage Transaction Date: Sep 28, 2022
  • First Mortgage Loan Amount: $368,177
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Balloon
  • First Mortgage Loan Due Date: Oct 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: MCLEAN MORTGAGE CORP
  • Previous Mortgage Transaction Date: Jul 05, 2018
  • Previous Mortgage Loan Amount: $232,323
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Jul 01, 2048

About Lake Land'Or



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Nearby Rentals

Unit for rent at 267 Cedar Ridge Dr, RUTHER GLEN, VA, 22546

$2,400 /mo

  • 3 Beds
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267 Cedar Ridge Dr, RUTHER GLEN, VA, 22546 Listing by RH Advisors Bright

Frequently Asked Questions

What neighborhood is 505 Montgomery Drive located in?
The 505 Montgomery Drive is a located in the neighborhood of Caroline in Lake Land'Or, Ruther Glen.
What is the average sales price for listings in 505 Montgomery Drive?
The average sales price for units in 505 Montgomery Drive is $0 currently.

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