Sold Aug 31, 2023
$470,000
Buyer
Seller
$470,000
by Cmg Mortgage, Inc.
Mortgage Due Sep 01, 2053
Sold Jul 26, 2023
$575,000
Seller
7615 Baileys Road has been categorized by the local assessors in Spotsylvania, VA as a residential type of property.
The area measurement of the land has been determined as 158,994 square feet.
Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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, 7615 Baileys Road was last sold in Aug 30, 2023 for $470,000. Prior to that sales transaction, the property was sold for $575,000 in Jul 21, 2023. Current property owners are expected to pay $414 in taxes per year. The property on 7615 Baileys Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $53,600. To break that down further, the land itself was valued at $51,900. While improvements to the property were assessed at a total of $1,700. 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.
Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. 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, 7615 Baileys Road was last sold in Aug 30, 2023 for $470,000. Prior to that sales transaction, the property was sold for $575,000 in Jul 21, 2023. Current property owners are expected to pay $414 in taxes per year. The property on 7615 Baileys Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $53,600. To break that down further, the land itself was valued at $51,900. While improvements to the property were assessed at a total of $1,700. 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.
This property description is generated based on publicly available data.
7615 Baileys Road, Spotsylvania, VA 22551
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