NOT LISTED FOR SALE

507 Caroline St Fredericksburg, VA 22401

Downtown Fredericksburg Neighborhood

Estimated Value: $342,000 - $810,000

4 Beds
1.5 Baths
2,300 Sq Ft
$220/Sq Ft Est. Value

Last Sold September 27, 2022

Last sale price $326,000 $142 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $2,946/month

Highlights

  • City View
  • 1-minute walk to Fredericksburg
  • No HOA
  • Colonial Architecture
  • Wood Flooring
  • Fireplace

About This Home

As of September 2022

Attention all investors! Cash only or potential 203K renovation loan. This is an amazing investment opportunity in the heart of Downtown Fredericksburg! Fabulous location on Caroline Street with so much potential. This home is in need of a complete rehab and is being sold as-is. The floorplan is wonderful and the room sizes are quite large. The staircases are grand and will quickly come back to life. This home has a great backyard with another entrance from the rear. 507 Caroline Street is ready for someone to come turn this historic home back into the beauty it yearns to be! This classic colonial will be a stunner once the rehab process has been completed. And in this location? Wow, what a find!

Last Agent to Sell the Property

Amy Cherry Taylor

Porch & Stable Realty, LLC Listed on: 08/26/2022

Last Buyer's Agent

Sheila Coleman

Samson Properties License #0225196762

Samson Properties

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,692

Year Built

  • Built in 1839

Lot Details

  • 2,919 Sq Ft Lot
  • Downtown Location
  • Back Yard
  • Historic Home
  • Property is in below average condition

Parking

  • On-Street Parking

Home Design

  • Colonial Architecture
  • Fixer Upper
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2,300 Sq Ft Home
  • Property has 3 Levels
  • Ceiling Fan
  • Fireplace
  • Wood Flooring
  • City Views
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • Walker-Grant Middle School
  • James Monroe High School

Utilities

  • 90% Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Community Details

  • No Home Owners Association
  • Old Town Fredericksburg Subdivision

Listing and Financial Details

  • Tax Lot 258
  • Assessor Parcel Number 7789-23-4607

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,692

Year Built

Built in 1839

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: End Of Row/Townhouse
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: Yes
  • Inclusions: All personal property in the home conveys. Property is sold As-Is and the Purchaser is responsible for the trash out.
  • New Construction: No
  • Story List: Main, Upper 1, Upper 2
  • Expected On Market: 2022-08-26
  • Year Built: 1839
  • Automatically Close On Close Date: No
  • Building Winterized: No
  • Remarks Public: Attention all investors! Cash only or potential 203K renovation loan. This is an amazing investment opportunity in the heart of Downtown Fredericksburg! Fabulous location on Caroline Street with so much potential. This home is in need of a complete rehab and is being sold as-is. The floorplan is wonderful and the room sizes are quite large. The staircases are grand and will quickly come back to life. This home has a great backyard with another entrance from the rear. 507 Caroline Street is ready for someone to come turn this historic home back into the beauty it yearns to be! This classic colonial will be a stunner once the rehab process has been completed. And in this location? Wow, what a find!
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Flooring Type: Wood
  • Fireplace: Yes
  • Foundation Details: Crawl Space
  • Levels Count: 3
  • Basement: No
  • Laundry Type: Has Laundry
  • Total Sq Ft: 2300
  • Living Area Sq Ft: 2300
  • Price Per Sq Ft: 130.39
  • Above Grade Finished Sq Ft: 2300
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 507

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Upper Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade
  • Construction Materials: Wood Siding
  • Exterior Features: Sidewalks
  • Road Surface Type: Black Top
  • Roof: Metal
  • View: City
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: On Street

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Ceiling Fan(s), Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: 90% Forced Air
  • 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
  • Senior Community: No

Schools

  • School District: FREDERICKSBURG CITY PUBLIC SCHOOLS
  • Elementary School: CALL SCHOOL BOARD
  • 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: CALL SCHOOL BOARD
  • High School: JAMES MONROE
  • Middle Or Junior School: WALKER-GRANT

Lot Info

  • Improvement Assessed Value: 77500.00
  • Land Assessed Value: 263300.00
  • Lot Features: Rear Yard
  • Lot Size Acres: 0.07
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 2919.00
  • Property Condition: Below Average, Major Rehab Needed
  • Year Assessed: 2013
  • Zoning: CD
  • In City Limits: Yes

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 19866284
  • Tax Annual Amount: 2692.32
  • Assessor Parcel Number: 7789-23-4607
  • Tax Lot: 258
  • Tax Year: 2014
  • Close Date: 09/27/2022

MLS Schools

  • School District Name: FREDERICKSBURG CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 1, 2024
Sold by
Given Not
Bought by
Jarrell Family Holdings Llc and Jfh-Fredericksburg I Llc
Current Estimated Value
$506,371

Purchase Details

Listed on
Aug 26, 2022
Closed on
Sep 26, 2022
Sold by
Second Mary Kent Thiele Trust
Bought by
Jfh-Fredericksburg Iii Llc
Seller's Agent
Amy Cherry Taylor
Porch & Stable Realty, LLC
Buyer's Agent
Sheila Coleman
Samson Properties
List Price
$299,900
Sold Price
$326,000
Premium/Discount to List
$26,100
8.7%
Views
70

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.39%

Purchase Details

Listed on
Aug 26, 2022
Closed on
Aug 4, 2022
Sold by
Kent Thiele Mary
Bought by
Mary Kent Thiele Trust
Seller's Agent
Amy Cherry Taylor
Porch & Stable Realty, LLC
Buyer's Agent
Sheila Coleman
Samson Properties
List Price
$299,900
Sold Price
$326,000
Premium/Discount to List
$26,100
8.7%
Views
70
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
Jarrell Family Holdings Llc -- None Listed On Document
Jfh-Fredericksburg Iii Llc $326,000 Rgs Title
Mary Kent Thiele Trust -- Izzo Paul G
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2022 09/27/22 Sold $326,000 +8.7% $142 / Sq Ft
08/30/2022 08/30/22 Pending -- -- --
08/26/2022 08/26/22 For Sale $299,900 -- $130 / 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 $2,508 $325,700 $204,800 $120,900
2024 $2,807 $315,400 $219,500 $95,900
2023 $2,712 $315,400 $219,500 $95,900
2022 $2,618 $315,400 $219,500 $95,900
2021 $2,618 $315,400 $219,500 $95,900
2020 $2,921 $343,600 $219,500 $124,100
2019 $2,749 $343,600 $219,500 $124,100
2018 $2,749 $343,600 $219,500 $124,100
2017 $2,749 $343,600 $219,500 $124,100
2012 -- $340,800 $263,300 $77,500
Source: Public Records

Agents Affiliated with this Home

  • Amy Cherry Taylor

    Seller's Agent in 2022

    Amy Cherry Taylor

    Porch & Stable Realty, LLC

    (703) 577-0135

    6 in this area

    727 Total Sales

    Amy Cherry Taylor
    Section Image
  • Sheila Coleman

    Buyer's Agent in 2022

    Sheila Coleman

    Samson Properties

    (540) 623-3432

    1 in this area

    134 Total Sales

    Sheila Coleman
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: VAFB2002634

Bright MLS

APN: 7789-23-4607

Virginia Fredericksburg County Fredericksburg 22401 Downtown Fredericksburg

507 Caroline St, Fredericksburg, VA

This home is located at 507 Caroline St, Fredericksburg, VA 22401 since 26 August 2022 and is currently estimated at $506,371, approximately $220 per square foot. This property was built in 1839. 507 Caroline 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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