NOT LISTED FOR SALE

1403 Franklin St Fredericksburg, VA 22401

Downtown Fredericksburg Neighborhood

Estimated Value: $287,634

1 Bed
0.5 Bath
1,284 Sq Ft
$224/Sq Ft Est. Value

Last Sold June 23, 2023

Last sale price $375,000 $292 Per Sq Ft

Est. 23% decrease in value since last sale

Current estimated payment $1,679/month

173 Days on Market

Highlights

  • Open Floorplan
  • No HOA
  • Level Entry For Accessibility
  • Rambler Architecture
  • Additional Land
  • 3-minute walk to Memorial Recreation Park

About This Home

As of June 2023

NOTE : Property closed with intended use as a commercial business.

Formerly a hair salon for many years and most recently a yoga studio...you could also apply for a special use permit and use the building as a commercial entity. Zoning is R4. There is one large 32x25 room that could be restructured to bedroom, living space; a small kitchenette and a handicap accessible 1/2 bathroom. There are two entrances. The side door off of the parking lot opens into a foyer/sitting area. There is a 42x25 unfinished basement accessible from a hatch in the small area off of the kitchen.

Last Agent to Sell the Property

Suzy Stone

(540) 847-0630 suzystone22@gmail.com Lando Massey Real Estate License #0225054407 Listed on: 12/04/2022

Last Buyer's Agent

Tim Webb

(540) 907-0014 tim@landomassey.com Lando Massey Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,693

Year Built

  • Built in 1949

Lot Details

  • 4,356 Sq Ft Lot
  • Level Lot
  • Additional Land
  • Additional Parcels
  • Property is zoned R4

Home Design

  • Rambler Architecture
  • Brick Exterior Construction
  • Block Foundation
  • Architectural Shingle Roof
  • Vinyl Siding

Interior Spaces

  • Property has 2 Levels
  • Open Floorplan
  • Laminate Flooring
  • Unfinished Basement
  • Connecting Stairway
  • Kitchenette

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • 0.5 Bathroom

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Parking

  • 5 Open Parking Spaces
  • 5 Parking Spaces
  • Parking Lot

Accessible Home Design

  • Roll-under Vanity
  • Level Entry For Accessibility
  • Vehicle Transfer Area

Schools

  • Hugh Mercer Elementary School
  • Walker Grant Middle School
  • James Monroe High School

Utilities

  • Central Heating and Cooling System
  • Natural Gas Water Heater
  • Municipal Trash

Community Details

  • No Home Owners Association
  • Fredericksburg Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 7779-75-7568

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,693

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Ranch/Rambler
  • Accessibility Features: Vehicle Transfer Area, Level Entry - Main, Roll-Under Vanity
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Year Built: 1949
  • Automatically Close On Close Date: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 0

Interior Features

  • Flooring Type: Laminated, Laminate Plank
  • Interior Amenities: Floor Plan - Open, Kitchenette
  • Fireplace: No
  • Foundation Details: Block
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Connecting Stairway, Unfinished
  • Laundry Type: Hookup, Main Floor
  • Total Sq Ft: 2409
  • Living Area Sq Ft: 1284
  • Price Per Sq Ft: 385.51
  • Above Grade Finished Sq Ft: 1284
  • Below Grade Sq Ft: 1125
  • Total Below Grade Sq Ft: 1125
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 1403

Beds/Baths

  • Bedrooms: 1
  • Main Level Bedrooms: 1
  • Total Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Brick, Vinyl Siding
  • Roof: Architectural Shingle
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Total Garage And Parking Spaces: 5
  • Type Of Parking: Parking Lot
  • Parking Lot Number Of Spaces: 5

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Central
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Municipal Trash: Yes

Condo/Co-op/Association

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

Schools

  • School District: FREDERICKSBURG CITY PUBLIC SCHOOLS
  • Elementary School: HUGH MERCER
  • Middle School: WALKER GRANT
  • High School: JAMES MONROE
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121137587137
  • School District Source: Listing Agent
  • Elementary School: HUGH MERCER
  • High School: JAMES MONROE
  • Middle Or Junior School: WALKER GRANT

Lot Info

  • Additional Parcels: Yes
  • Lot Features: Additional Lot(s), Level
  • Lot Size Acres: 0.10
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 4356.00
  • Year Assessed: 2022
  • Zoning: R4
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1693.00
  • Assessor Parcel Number: 7779-75-7568
  • Tax Lot: 1
  • County Tax Payment Frequency: Annually
  • Tax Year: 2022
  • Close Date: 06/23/2023

MLS Schools

  • School District Name: FREDERICKSBURG CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2022
Closed on
Jun 14, 2023
Sold by
1403 Franklin Street Llc
Bought by
Orofino Holdings Llc
Seller's Agent
Suzy Stone
Lando Massey Real Estate
Buyer's Agent
Tim Webb
Lando Massey Real Estate
List Price
$495,000
Sold Price
$375,000
Premium/Discount to List
-$120,000
-24.24%
Views
197
Current Estimated Value
$287,634

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$87,366
Original Mortgage
$131,250
Outstanding Balance
$127,994
Interest Rate
6.35%

Purchase Details

Closed on
Feb 6, 2023
Sold by
1403 Franklin Street Llc
Bought by
1403 Franklin Street Llc

Purchase Details

Closed on
Dec 20, 2021
Sold by
Jamison Properties Llc
Bought by
1403 Franklin Street Llc

Purchase Details

Closed on
Nov 25, 2015
Sold by
Labbe Daniel Lee and Labbe Agnes R
Bought by
Jamison Properties Llc
Source: Public Records

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Orofino Holdings Llc $375,000 None Listed On Document
1403 Franklin Street Llc -- --
1403 Franklin Street Llc -- Buck Law Firm Pc
Jamison Properties Llc $190,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Orofino Holdings Llc $131,250
Closed Orofino Holdings Llc $187,500
Previous Owner Labbe Agnes R $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2023 06/23/23 Sold $375,000 -24.2% $292 / Sq Ft
05/26/2023 05/26/23 Pending -- -- --
05/11/2023 05/11/23 Price Changed $495,000 0.0% $386 / Sq Ft
05/11/2023 05/11/23 For Sale $495,000 -2.9% $386 / Sq Ft
03/24/2023 03/24/23 Pending -- -- --
01/19/2023 01/19/23 Price Changed $510,000 -5.6% $397 / Sq Ft
12/04/2022 12/04/22 For Sale $540,000 -- $421 / Sq Ft
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,922 $249,600 $120,000 $129,600
2024 $1,326 $149,000 $75,000 $74,000
2023 $1,281 $149,000 $75,000 $74,000
2022 $1,693 $204,000 $130,000 $74,000
2021 $1,693 $204,000 $130,000 $74,000
2020 $1,764 $207,500 $110,000 $97,500
2019 $1,660 $207,500 $110,000 $97,500
2018 $1,660 $207,500 $110,000 $97,500
2017 $1,660 $207,500 $110,000 $97,500
2012 -- $220,000 $135,000 $85,000
Source: Public Records

Agents Affiliated with this Home

  • Suzy Stone

    Seller's Agent in 2023

    Suzy Stone

    Lando Massey Real Estate

    (540) 847-0630

    41 in this area

    113 Total Sales

    Suzy Stone
    Section Image
  • Tim Webb

    Buyer's Agent in 2023

    Tim Webb

    Lando Massey Real Estate

    (540) 907-0014

    1 in this area

    16 Total Sales

    Tim Webb
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: VAFB2003196

Bright MLS

APN: 7779-75-7568

Virginia Fredericksburg County Fredericksburg 22401 Downtown Fredericksburg

1403 Franklin St, Fredericksburg, VA

This home is located at 1403 Franklin St, Fredericksburg, VA 22401 since 04 December 2022 and is currently priced at $287,634, approximately $224 per square foot. This property was built in 1949. 1403 Franklin 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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