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7007 Summit Lane

7007 Summit Lane, Fredericksburg, VA 22407
Property in Spotsylvania
Sold Jul 01, 2014
$229,900
$141,900 by Fulton Bank Na
Mortgage
Sold Jun 27, 2007
$268,500
Buyer
Seller
Local assessors in Fredericksburg, VA have categorized 7007 Summit Lane as a residential type of property. The home was built in 2000 and is 24 years old. The property's lot size has been calculated to be 4,840 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 2 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 2 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 7007 Summit Lane has a total of 1,857 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. The garage on the property is 273 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 open 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. The building has a roof that is made of composition shingle. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source and it is being fueled with gas. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. 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, 7007 Summit Lane sold most recently in Jun 30, 2014 for a total of $229,900. If you work out the math, that's approximately a cost of $123.80 per sqft. Before that, the property was also sold for $268,500 in Jun 22, 2007. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $1,915 in taxes each year. 7007 Summit Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $259,600. If we break it down further, the land itself was valued at $100,000. Improvements to the property, however, were assessed at a total of $159,600. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 273
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 4,840
  • Total Building Area: 1,857
  • Building Area: 1,857
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,857
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: STONEFIELD
  • Land Acres: 0.111
  • Standard Land Use Code: Single family residential
  • Legal Description 1: STONEFIELD (SALEM FIELDS)LOT 12 SEC 2A

Ownership

  • Current Owner : SWAIN JULIANNE
  • Previous Owner : RYAN BARBARA
  • Owner Before Previous Owner: JONES JAMIE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Spotsylvania County Public Schools
  • School Tax School District: CHANCELLOR
  • Census Tract: 020114

Zoning

  • Zoning: P3

Geography

  • District: 7
  • Section: 2A
  • Parcel: 22T-6-12
  • Lot: 12
  • Municipality: CHANCELLOR
  • Latitude: 38.2614
  • Longitude: -77.577

    Address

  • Full Address: 7007 Summit Ln
  • Address - House Number: 7007
  • Address - Street Name: Summit
  • Address - Suffix Type: Ln
  • State: VA
  • City Name: Fredericksburg
  • Carrier Code: R027
  • 4-Digit Zip Code: 2523
  • Zip Code: 22407

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,915

    Appraisal Valuation

  • Standard Deviation: 0.1667
  • Valuation Date: Sep 21, 2022
  • Confidence Score: 78
  • Final Value: 382,092
  • High Value: 445,790
  • Low Value: 318,394

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $141,900
  • First Open Lien Mortgage Lender: FULTON BANK NA
  • First Open Lien Mortgage Recording Date: Jul 01, 2014
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $141,900
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $259,600
  • Market Land Value: $100,000
  • Market Improvement Value: $159,600

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $259,600
  • Assessed Land Value: $100,000
  • Assessed Improvements Value: $159,600

    Sales

  • Current Sale Contract Date: Jun 30, 2014
  • Current Sale Recording Date: Jul 01, 2014
  • Current Sale Transaction ID: 1016741070
  • Current Sale Price: $229,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 201400009860
  • Previous Sale Recording Date: Jun 27, 2007
  • Previous Sale Contract Date: Jun 22, 2007
  • Previous Sale Amount: $268,500
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FULTON BANK NA
  • First Mortgage Transaction Date: Jul 01, 2014
  • First Mortgage Loan Amount: $141,900
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

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Frequently Asked Questions

What neighborhood is 7007 Summit Lane located in?
The 7007 Summit Lane is a located in the neighborhood of Spotsylvania in Spotsylvania, Fredericksburg.
What is the average sales price for listings in 7007 Summit Lane?
The average sales price for units in 7007 Summit Lane is $0 currently.

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