NOT LISTED FOR SALE

620 Caroline St Fredericksburg, VA 22401

Downtown Fredericksburg Neighborhood

Estimated Value: $28,043,524

-- Bed
-- Bath
63,682 Sq Ft
$440/Sq Ft Est. Value

About This Home

This home is located at 620 Caroline St, Fredericksburg, VA 22401 and is currently estimated at $28,043,524, approximately $440 per square foot. 620 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.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2024
Sold by
Venture Hospitality 2 Llc
Bought by
Historic Fredericksburg Hotel Llc
Current Estimated Value
$28,043,524

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$15,500,000
Outstanding Balance
$15,406,633
Interest Rate
6.84%
Mortgage Type
New Conventional
Estimated Equity
$12,238,452

Purchase Details

Closed on
Dec 27, 2018
Sold by
Inns Of Historic Fredericksburg Llc
Bought by
Venture Hospitality 2 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$12,000,000
Interest Rate
4.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 29, 2007
Sold by
City Of Fredericksburg Va
Bought by
Inns Of Historic Fredericksbur

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,875,000
Interest Rate
6.27%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
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
Historic Fredericksburg Hotel Llc $24,800,000 First American Title
Historic Fredericksburg Hotel Llc $24,800,000 First American Title
Venture Hospitality 2 Llc $18,800,000 Attorney
Inns Of Historic Fredericksbur $1,100,000 --
Inns Of Historic Fredericksbrg $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Historic Fredericksburg Hotel Llc $15,500,000
Closed Historic Fredericksburg Hotel Llc $15,500,000
Previous Owner Venture Hospitality 2 Llc $12,000,000
Previous Owner Inns Of Historic Fredericksbur $10,875,000
Previous Owner Inns Of Historic Fredericksbrg $350,000
Source: Public Records

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 $139,485 $18,114,900 $1,547,400 $16,567,500
2024 $114,105 $12,820,800 $1,257,300 $11,563,500
2023 $110,259 $12,820,800 $1,257,300 $11,563,500
2022 $106,413 $12,820,800 $1,257,300 $11,563,500
2021 $106,413 $12,820,800 $1,257,300 $11,563,500
2020 $99,675 $11,725,800 $1,063,200 $10,662,600
2019 $93,806 $11,725,800 $1,063,200 $10,662,600
2018 $93,806 $11,725,800 $1,063,200 $10,662,600
2017 $93,806 $11,725,800 $1,063,200 $10,662,600
2012 -- $9,841,600 $1,043,900 $8,797,700
Source: Public Records

Map

Virginia Fredericksburg County Fredericksburg 22401 Downtown Fredericksburg

620 Caroline St, Fredericksburg, VA

This home is located at 620 Caroline St, Fredericksburg, VA 22401 and is currently estimated at $28,043,524, approximately $440 per square foot. 620 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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