NOT LISTED FOR SALE

506 Fair Ln Winchester, VA 22603

Estimated Value: $572,359 - $645,000

3 Beds
2.5 Baths
2,242 Sq Ft
$268/Sq Ft Est. Value

Last Sold September 27, 2012

Last sale price $250,100 $112 Per Sq Ft

Est. 140% increase in value since last sale

Current estimated payment $3,364/month

14 Days on Market

Highlights

  • 5.02 Acre Lot
  • Deck
  • No HOA
  • Colonial Architecture
  • Wood Flooring
  • Upgraded Countertops

About This Home

As of September 2012

Colonial home on 5 acres featuring 2,372 sqft of living space with 3 bedrooms and 2.5 bathrooms. This home has much to offer with hardwood flooring, formal dining area, granite counter tops and large rear deck. Work space is no problem with an attached 2 car garage and detached 1 car garage wired for shop use. Purchase for as little as 3% down. Approved for Home HomePath Mtg & HomePath Reno Mtg.

Last Agent to Sell the Property

Andrew Waldo

andy.teamwaldo@gmail.com Team Waldo Realty Listed on: 08/09/2012

Co-Listed By

Jessica Bowman

(540) 665-0360 info@oakcrestrealty.com ERA Oakcrest Realty, Inc. License #WV0028124

Last Buyer's Agent

Pat Elliott

elliottp@inhomes.com Crum Realty, Inc. License #MRIS:58633

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,537

Year Built

  • Built in 1999

Lot Details

  • 5.02 Acre Lot
  • Cleared Lot
  • The property's topography is level
  • Property is in very good condition
  • Property is zoned RA

Parking

  • 4 Car Garage
  • Driveway

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 2,242 Sq Ft Home
  • Property has 2 Levels
  • Fireplace Mantel
  • Family Room
  • Living Room
  • Dining Room
  • Den
  • Wood Flooring
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Electric Oven or Range
  • Dishwasher
  • Upgraded Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Bathroom
  • 2.5 Bathrooms

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Outdoor Features

  • Deck
  • Porch

Utilities

  • Forced Air Heating and Cooling System
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Fairlane Orchard Subdivision

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 37601

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,537

Year Built

Built in 1999

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Lower 2, Main, Upper 1, Upper 2
  • Year Built: 1999
  • Special Features: 4116
  • Property Sub Type: Detached

Interior Features

  • Appliances: Washer/Dryer Hookups Only, Dishwasher, Oven/Range - Electric, Refrigerator
  • Interior Amenities: Kitchen - Table Space, Dining Area, Primary Bath(s), Upgraded Countertops, Wood Floors
  • Fireplace Features: Mantel(s)
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Levels Count: 2
  • Room List: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Kitchen, Family Room, Den, Study, Laundry
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2242
  • Living Area Sq Ft: 2242
  • Price Per Sq Ft: 106.60
  • Above Grade Finished Sq Ft: 2242
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2.00
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 4.00
  • Garage: Yes
  • Parking Features: Garage, Paved Driveway
  • Total Garage And Parking Spaces: 4
  • Type Of Parking: Driveway, Attached Garage, Detached Garage

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

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

Lot Info

  • Improvement Assessed Value: 188600.00
  • Land Assessed Value: 74200.00
  • Lot Features: Cleared
  • Lot Size Acres: 5.02
  • Lot Size Area: 218671
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 218671.00
  • Outdoor Living Structures: Deck(s), Porch(es)
  • Property Condition: Very Good
  • Topography: Level
  • Zoning: RA

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 18797222
  • Tax Annual Amount: 1537.38
  • Assessor Parcel Number: 37601
  • Tax Lot: 21
  • County Tax Payment Frequency: Annually
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2019
Sold by
Simpson Megan R
Bought by
Simpson Andrew W
Current Estimated Value
$600,340

Purchase Details

Listed on
Aug 9, 2012
Closed on
Sep 27, 2012
Sold by
Federal National Mortgage Association
Bought by
Simpson Andrew W and Simpson Megan R
Seller's Agent
Andrew Waldo
Team Waldo Realty
Buyer's Agent
Pat Elliott
Crum Realty, Inc.
List Price
$239,000
Sold Price
$250,100
Premium/Discount to List
$11,100
4.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.79%
Original Mortgage
$245,570
Outstanding Balance
$170,928
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$429,412

Purchase Details

Closed on
Jun 4, 2012
Sold by
Alg Trustee Llc
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jun 30, 2000
Sold by
Russell Glen E
Bought by
Reese Joseph L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,600
Interest Rate
8.55%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
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
Simpson Andrew W -- None Available
Simpson Andrew W $250,100 --
Federal National Mortgage Association $263,247 --
Reese Joseph L $199,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simpson Andrew W $245,570
Previous Owner Reese Joseph L $159,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2012 09/27/12 Sold $250,100 +4.6% $112 / Sq Ft
08/23/2012 08/23/12 Pending -- -- --
08/09/2012 08/09/12 For Sale $239,000 -- $107 / Sq Ft
Source: Bright MLS

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 $2,138 $445,356 $117,100 $328,256
2024 $962 $377,400 $98,600 $278,800
2023 $1,925 $377,400 $98,600 $278,800
2022 $1,991 $326,400 $90,600 $235,800
2021 $1,991 $326,400 $90,600 $235,800
2020 $1,901 $311,600 $90,600 $221,000
2019 $1,901 $311,600 $90,600 $221,000
2018 $1,829 $299,900 $91,400 $208,500
2017 $1,799 $299,900 $91,400 $208,500
2016 $1,658 $276,300 $78,700 $197,600
2015 $1,547 $276,300 $78,700 $197,600
2014 $769 $265,500 $78,700 $186,800
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2012

    Andrew Waldo

    Team Waldo Realty

  • Jessica Bowman

    Seller Co-Listing Agent in 2012

    Jessica Bowman

    ERA Oakcrest Realty, Inc.

    (540) 664-1843

    8 in this area

    21 Total Sales

    Jessica Bowman
    Section Image

  • P

    Buyer's Agent in 2012

    Pat Elliott

    Crum Realty, Inc.

See All Agents

Map

Source: Bright MLS

MLS Number: 1004111356

Bright MLS

APN: 43D1-1-21

Virginia Frederick County Winchester 22603

506 Fair Ln, Winchester, VA

Not Listed for Sale

Detached

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