NOT LISTED FOR SALE

7002 Summit Ln Fredericksburg, VA 22407

Chancellor Neighborhood

Estimated Value: $376,000 - $398,912

2 Beds
2 Baths
1,827 Sq Ft
$212/Sq Ft Est. Value

About This Home

This home is located at 7002 Summit Ln, Fredericksburg, VA 22407 and is currently estimated at $387,478, approximately $212 per square foot. 7002 Summit Ln is a home located in Spotsylvania County with nearby schools including Smith Station Elementary School, Freedom Middle School, and Chancellor High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2022
Sold by
Rushin Carol L
Bought by
Merrigan Michael T and Merrigan James Dawn
Current Estimated Value
$387,478

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Outstanding Balance
$169,749
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$217,729

Purchase Details

Closed on
Dec 18, 2002
Sold by
Cool Paul F Mc
Bought by
Rushin Andrew E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
6.16%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

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.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

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.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

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.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Merrigan Michael T $354,900 Locust Grove Title
Rushin Andrew E $192,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merrigan Michael T $175,000
Previous Owner Rushin Andrew E $192,000
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 $2,165 $294,900 $110,000 $184,900
2024 $2,165 $294,900 $110,000 $184,900
2023 $1,944 $251,900 $95,000 $156,900
2022 $1,858 $251,900 $95,000 $156,900
2021 $1,839 $227,200 $75,000 $152,200
2020 $1,839 $227,200 $75,000 $152,200
2019 $1,739 $205,200 $70,000 $135,200
2018 $1,709 $205,200 $70,000 $135,200
2017 $1,686 $198,300 $60,000 $138,300
2016 $1,686 $198,300 $60,000 $138,300
2015 -- $177,900 $50,000 $127,900
2014 -- $177,900 $50,000 $127,900
Source: Public Records

Map

Virginia Spotsylvania County Fredericksburg 22407 Chancellor

7002 Summit Ln, Fredericksburg, VA

Not Listed for Sale

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.

Nearby Homes