7307 Mallory Lane

Local assessors in Alexandria, VA have categorized 7307 Mallory Lane as a residential type of property. The home was built in 1987 and is 37 years old. The property's lot size has been calculated to be 1,540 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 7 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 7307 Mallory Lane has a total of 1,584 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 261 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. Do you like to entertain? The home has a open porch so you'll have a great option in the front 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, 7307 Mallory Lane was last sold in Jan 14, 2021 for $525,000. According to our calculations, that's $284.55 per sqft. Current property owners are expected to pay $6,124 in taxes per year. The property on 7307 Mallory Lane was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $535,550. To break that down further, the land itself was valued at $155,000. While improvements to the property were assessed at a total of $380,550. 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. 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.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.