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7806 Preakness Lane

7806 Preakness Lane, Fairfax Station, VA 22039
Property in Fairfax
Sold Jul 07, 2005
$917,500
Buyer
$230,000 by Americas Wholesale Lender
Mortgage
Sold Jun 30, 2003
$700,000
Seller
$600,000 by George Mason Mtg Corp
Mortgage
7806 Preakness Lane in Fairfax Station, VA was first built in 1995 and is 29 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a bi-level style. There are a total of 2 floors. There are a total of 10 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 4 full bathrooms. There are 5 partial bathrooms. 7806 Preakness Lane has 3,286 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The basement is 1,228 sqft and has been categorized as a full basement with daylight. In total, the area measurement of the land is 15,092 square feet.

Learn more about the property and building on this page. There is a screened porch and a patio. The roof of the home is made of composition shingle. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a attached garage. The garage is 456 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The exterior walls of the home are made of brick. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a heating system and being fueled with electricity. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. 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, 7806 Preakness Lane sold most recently in Jul 6, 2005 for a total of $917,500. If you work out the math, that's approximately a cost of $184.61 per sqft. Before that, the property was also sold for $700,000 in Jan 1, 1970. 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 $10,847 in taxes each year. 7806 Preakness Lane was most recently assessed in 2022. During this assessment, the property's total value was estimated to be about $948,550. If we break it down further, the land itself was valued at $323,000. Improvements to the property, however, were assessed at a total of $625,550. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Construction Type: Frame
  • Building Style: Bi-level
  • Exterior Walls Type: Brick
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Full basement with daylight
  • Basement Area: 1,228
  • Garage Type: Attached
  • Garage Square Area: 456
  • Parking Space Count: 2
  • Patio Type: Patio
  • Porch Type: Screened porch

    Dimensions

  • Lot Size Square Feet: 15,092
  • Total Building Area: 4,970
  • Gross Building Area: 5,206
  • Building Area: 3,286
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Yes
  • Heated Square Feet: 3,286
  • Heating Fuel Type: Electricity

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: WOODS AT
  • Land Acres: 0.347
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Pipeline or right-of-way
  • Legal Description 1: WOODS AT SOUTH RUN LT 28

Ownership

  • Current Owner : YUN SUNG C
  • Previous Owner : MERCER JAMES J
  • Owner Before Previous Owner: FU LI CHEN
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Fairfax County Public Schools
  • Census Tract: 492202

Zoning

  • Zoning: 302

Geography

  • Assessors Map Reference: 097-1
  • District: Nov 30, 2007
  • Parcel: 0971-09-0028
  • Lot: 28
  • Municipality: SPRINGFIELD
  • Latitude: 38.7461
  • Longitude: -77.2822

    Address

  • Full Address: 7806 Preakness Ln
  • Address - House Number: 7806
  • Address - Street Name: Preakness
  • Address - Suffix Type: Ln
  • State: VA
  • City Name: Fairfax Station
  • Carrier Code: R072
  • 4-Digit Zip Code: 3413
  • Zip Code: 22039

Valuation

    Tax

  • Total Area: 3,286
  • Tax Year: 2022
  • Tax Amount: $10,847
  • Tax Rate Code Area: 80000

    Appraisal Valuation

  • Standard Deviation: 0.1151
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 87
  • Final Value: 1,130,951
  • High Value: 1,261,155
  • Low Value: 1,000,746

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $362,500
  • First Open Lien Mortgage Lender: AMERICAS WHOLESALE LENDER
  • First Open Lien Mortgage Recording Date: Jul 07, 2005
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $230,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Lender: BRANCH BANKING AND TRUST CO
  • Second Open Lien Mortgage Recording Date: Apr 19, 2018
  • Second Open Lien Mortgage Financing Type: Variable
  • Second Open Lien Mortgage Loan Amount: $132,500
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)

    Market Valuation

  • Market Total Value: $948,550
  • Market Land Value: $323,000
  • Market Improvement Value: $625,550

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $948,550
  • Assessed Land Value: $323,000
  • Assessed Improvements Value: $625,550

    Sales

  • Current Sale Contract Date: Jul 06, 2005
  • Current Sale Recording Date: Jul 07, 2005
  • Current Sale Transaction ID: 11471008376
  • Current Sale Price: $917,500
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 200526798007
  • Previous Sale Recording Date: Jun 30, 2003
  • Previous Sale Amount: $700,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: AMERICAS WHOLESALE LENDER
  • First Mortgage Transaction Date: Jul 07, 2005
  • First Mortgage Loan Amount: $230,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: GEORGE MASON MTG CORP
  • Previous Mortgage Transaction Date: Jun 30, 2003
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $600,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

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Frequently Asked Questions

What neighborhood is 7806 Preakness Lane located in?
The 7806 Preakness Lane is a located in the neighborhood of Fairfax in South Run, Fairfax Station.
What is the average sales price for listings in 7806 Preakness Lane?
The average sales price for units in 7806 Preakness Lane is $0 currently.

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