7 Mechunk Terrace Palmyra, VA 22963
Estimated payment $1,795/month
Highlights
- Lake Front
- Community Boat Facilities
- Deck
- Beach
- Outdoor Pool
- Wood Flooring
About This Home
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
- Lake Front
- Back Yard Fenced
- Corner Lot
- Zoning described as R-4
HOA Fees
- $224 Monthly HOA Fees
Parking
- Off-Street Parking
Home Design
- Shingle Roof
- Vinyl Siding
Interior Spaces
- 1,144 Sq Ft Home
- 1-Story Property
- Crawl Space
Kitchen
- Stove
- Dishwasher
Flooring
- Wood
- Partially Carpeted
- Vinyl
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Outdoor Features
- Outdoor Pool
- Deck
Schools
- Central Elementary School
- Fluvanna Middle School
- Fluvanna High School
Utilities
- Forced Air Heating and Cooling System
- Water Heater
Listing and Financial Details
- Tax Lot 226
- Assessor Parcel Number 18-A-6-226
Community Details
Overview
- Lake Monticello Subdivision
Recreation
- Community Boat Facilities
- Beach
- Community Pool
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 |
|---|---|---|---|---|
| 10/08/2025 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: Central Virginia Regional MLS
MLS Number: 2526867
APN: 18A 6 226
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.
All or a portion of th multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.
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