7 Mechunk Terrace Palmyra, VA 22963
Estimated payment $1,668/month
About This Home
Price Adjustment! Sellers are motivated and can accommodate a quick, seamless closing. Back on the Market at NO Fault of Seller. Welcome to this inviting 3-bedroom, 2-bath ranch home nestled on a spacious corner lot in the non-gated section of Lake Monticello. Built in 1995 and offering 1,144 sq. ft. of single-level living, this home combines comfort, convenience, and community amenities in a sought-after location. Step inside to find a bright and functional layout featuring a first-floor bedroom with full bath, a spacious living area, and durable flooring with a mix of wood, vinyl plank, and carpet. The kitchen comes equipped with essential appliances including a stove, refrigerator, dishwasher, washer, and dryer. Outside, enjoy the fenced backyard, as well as a deck ideal for relaxing or entertaining. The property also includes an outbuilding for extra storage. With a roof repaired in 2018 and public water/sewer, this home is move-in ready and easy to maintain. Living in Lake Monticello means access to an array of amenities: beaches, boat ramps, community pool, playgrounds, and water access to the lake—all with the added benefit of road maintenance, snow removal, and trash service included in the HOA.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,350
Year Built
- Built in 1995
Lot Details
- 0.37 Acre Lot
- Zoning described as R-4 Residential
HOA Fees
- $126 per month
Home Design
- Block Foundation
- Stick Built Home
Interior Spaces
- 1,144 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- 2 Full Bathrooms
Schools
- Central Elementary School
- Fluvanna Middle School
- Fluvanna High School
Utilities
- Forced Air Heating and Cooling System
Community Details
- Lake Monticello Subdivision
Listing and Financial Details
- Assessor Parcel Number 18-A-6-226
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,775 | $236,600 | $30,000 | $206,600 |
| 2024 | $14 | $160,000 | $30,000 | $130,000 |
| 2023 | $1,350 | $160,000 | $30,000 | $130,000 |
| 2022 | $1,161 | $133,500 | $25,000 | $108,500 |
| 2021 | $1,161 | $133,500 | $25,000 | $108,500 |
| 2020 | $1,135 | $122,700 | $25,000 | $97,700 |
| 2019 | $1,135 | $122,700 | $25,000 | $97,700 |
| 2018 | $1,067 | $117,600 | $25,000 | $92,600 |
| 2017 | $1,067 | $117,600 | $25,000 | $92,600 |
| 2016 | $1,049 | $114,400 | $25,000 | $89,400 |
| 2015 | $987 | $114,400 | $25,000 | $89,400 |
| 2014 | $987 | $112,200 | $25,000 | $87,200 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/20/2025 10/20/25 | Price Changed | $273,000 | -0.7% | $239 / Sq Ft |
| 10/08/2025 10/08/25 | For Sale | $275,000 | 0.0% | $240 / Sq Ft |
| 09/30/2025 09/30/25 | Pending | -- | -- | -- |
| 09/26/2025 09/26/25 | Price Changed | $275,000 | -99.9% | $240 / Sq Ft |
| 09/24/2025 09/24/25 | For Sale | $275,000,000 | -- | $240,385 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $122,668 | None Available | |
| Deed | $153,000 | None Available | |
| Interfamily Deed Transfer | -- | Chicago Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $122,400 | New Conventional |
Source: Charlottesville area Association of Realtors®
MLS Number: 669483
APN: 18A 6 226
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