$555,000
SOLD JUL 8, 2015

1107 Prince Edward St Fredericksburg, VA 22401

Downtown Fredericksburg Neighborhood
-- Bed
-- Bath
3,836 Sq Ft
7,614 Sq Ft Lot

Recently Sold

$145 Per Sq Ft

4% Below List Price

23 Days on Market

Highlights

  • City View
  • Wood Flooring
  • Wood Frame Window
  • Deck
  • No HOA
  • 3-minute walk to Hurkamp Park

About This Home

As of July 2015

Great Opportunity for Investors, First time on the market in over 40 years! Historic 1890 Property in one of the best areas in downtown Fredericksburg w/5 rental units, 1 Bdrm each w/Living Room, Kitchen and Bath. Tenants have easy walk to College or Downtown ammenities.Popular rentals with low Vacancy Rate. Call Showing Contact for access information.

Last Agent to Sell the Property

Rudy Rodriguez

Coldwell Banker Elite License #MRIS:3031310 Listed on: 05/02/2015

Coldwell Banker Elite

Co-Listed By

Tim Webb

Lando Massey Real Estate

Last Buyer's Agent

Carrie Danko

Pathway Realty, Inc. License #0225201007

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,568

Year Built

  • Built in 1890

Lot Details

  • 7,614 Sq Ft Lot
  • Back Yard Fenced

Property Views

  • City
  • Limited

Home Design

  • Plaster Walls
  • Slate Roof
  • Metal Roof

Interior Spaces

  • En-Suite Bathroom
  • Ceiling height of 9 feet or more
  • Fireplace Mantel
  • Wood Frame Window
  • Wood Flooring
  • Basement
  • Side Exterior Basement Entry

Kitchen

  • Electric Oven or Range
  • Range Hood

Parking

  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking
  • Unassigned Parking

Accessible Home Design

  • Doors swing in
  • Doors are 32 inches wide or more

Outdoor Features

  • Deck
  • Porch

Schools

  • James Monroe High School

Utilities

  • Window Unit Cooling System
  • Radiator
  • Natural Gas Water Heater

Listing and Financial Details

  • The owner pays for advertising/licenses and permits, insurance, management, repairs, reserves for replacement, real estate taxes, all utilities
  • Tax Lot 136
  • Assessor Parcel Number 901

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Income includes apartment rentals
  • Operating Expense $9,651
  • Net Operating Income $34,386

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,568

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Structure Type: Detached
  • Accessibility Features: Doors - Swing In, 32"+ Wide Doors
  • Ownership: Fee Simple
  • Inclusions: ,Parking Included In SalePrice
  • New Construction: No
  • Year Built: 1890
  • Remarks Public: Great Opportunity for Investors, First time on the market in over 40 years! Historic 1890 Property in one of the best areas in downtown Fredericksburg w/5 rental units, 1 Bdrm each w/Living Room, Kitchen and Bath. Tenants have easy walk to College or Downtown ammenities.Popular rentals with low Vacancy Rate. Call Showing Contact for access information.
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Oven/Range - Electric, Refrigerator, Range Hood
  • Interior Amenities: Wood Floors, Primary Bath(s)
  • Window Features: Wood Frame
  • Fireplace Features: Mantel(s)
  • Fireplace: No
  • Wall Ceiling Types: Plaster Walls, 9'+ Ceilings
  • Basement: Yes
  • Basement Type: Outside Entrance, Side Entrance
  • Price Per Sq Ft: 151.07
  • Street Number Modifier: 1107

Exterior Features

  • Construction Materials: Combination
  • Road Surface Type: Black Top
  • Roof: Slate, Metal
  • View: City, Limited, Street
  • View: Yes
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Unassigned, Gravel Driveway
  • Type Of Parking: Off Street, On Street, Driveway

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Cooling: Yes
  • Heating Fuel: Natural Gas
  • Heating Type: Radiator
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Schools

  • School District: FREDERICKSBURG CITY PUBLIC SCHOOLS
  • High School: JAMES MONROE
  • School District Key: 121137587137
  • High School: JAMES MONROE

Lot Info

  • Fencing: Rear
  • Improvement Assessed Value: 251600.00
  • Land Assessed Value: 200000.00
  • Lot Size Acres: 0.17
  • Lot Size Area: 7614
  • Lot Dimensions: LotWidth:62 X LotDepth:1255
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 7614.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Possible Use: Residential
  • Property Attached Yn: No
  • Year Assessed: 2013
  • Zoning: R4
  • In City Limits: Yes

Rental Info

  • Lease Term: 12 Months
  • Owner Pays: Advertising/Licenses And Permits, Insurance, Management, Repairs, Reserves For Replacement, Taxes - Real Estate, All Utilities
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3567.64
  • Assessor Parcel Number: 901
  • Tax Lot: 136
  • Tax Total Finished Sq Ft: 3836
  • Tax Year: 2014
  • Close Date: 07/08/2015

Multi Family

  • Gross Income: 44040.00
  • Income Includes: Apartment Rentals
  • Metering: Electric Separate, Gas Separate
  • Operating Expense: 9651.00
  • Vacancy Allowance Rate: 14.07

MLS Schools

  • School District Name: FREDERICKSBURG CITY PUBLIC SCHOOLS

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2015 07/24/15 Rented $1,000 -99.8% --
07/13/2015 07/13/15 Under Contract -- -- --
07/08/2015 07/08/15 Sold $555,000 0.0% $145 / Sq Ft
05/26/2015 05/26/15 For Rent $1,000 0.0% --
05/25/2015 05/25/15 Pending -- -- --
05/02/2015 05/02/15 For Sale $579,500 -- $151 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tim Webb

    Seller's Agent in 2015

    Tim Webb

    Lando Massey Real Estate

    (540) 907-0014

    1 in this area

    16 Total Sales

    Section Image

  • R

    Seller's Agent in 2015

    Rudy Rodriguez

    Coldwell Banker Elite

    Section Image
  • Carrie Danko

    Buyer's Agent in 2015

    Carrie Danko

    Pathway Realty, Inc.

    (540) 295-2940

    1 in this area

    58 Total Sales

    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1000395697

Bright MLS

APN: 80 1107

Virginia Fredericksburg County Fredericksburg 22401 Downtown Fredericksburg

1107 Prince Edward St, Fredericksburg, VA

This home is located at 1107 Prince Edward St, Fredericksburg, VA 22401 and is currently priced at $555,000, approximately $144 per square foot. This property was built in 1890. 1107 Prince Edward St is a home located in Fredericksburg City with nearby schools including Lafayette Upper Elementary School, Hugh Mercer Elementary School, and Walker-Grant Middle School.

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