Seller's Agent in 2024
Heather O'Neill
Coldwell Banker Elite
(540) 907-8133
3 in this area
66 Total Sales
703 Prince Edward St Fredericksburg, VA 22401
Downtown Fredericksburg NeighborhoodEstimated Value: $601,487 - $625,000
--
Bed
2
Baths
2,400
Sq Ft
$255/Sq Ft
Est. Value
Highlights
- Traditional Floor Plan
- Main Floor Bedroom
- 5 Fireplaces
- Wood Flooring
- Victorian Architecture
- 3-minute walk to Hurkamp Park
About This Home
As of November 2024Welcome to 703 Prince Edward Street, a charming duplex located in the heart of historic downtown Fredericksburg, offering both investment potential and residential appeal. Zoned CD (Commercial Downtown), this property is currently configured as two units: a 2-bedroom on the main level and a 3-bedroom on the upper floors, generating $2,800 in monthly rental income from long-term tenants, with leases and deposits to be assigned to the purchaser at settlement. Buyers can explore various options, from continuing its use as an investment property to converting it back into a single-family home or even living in one unit while renting out the other. The property holds great potential for value-add improvements, making it a versatile opportunity for investors or homeowners. Located in a vibrant, community-centered town, residents enjoy easy access to restaurants, boutique shopping, craft and farmers markets, and year-round cultural events. Commuters benefit from proximity to the VRE, Amtrak, and I-95, offering convenient access to Washington D.C., Northern Virginia, and Richmond. Embrace the benefits of living in a historic town with a rich sense of community, while also tapping into Fredericksburg’s strong rental market. This is an exceptional chance to own a piece of history and make it your own. Don’t miss out on this opportunity—schedule your showing today!
Last Agent to Sell the Property
(540) 907-8133 honeill@coldwellbankerelite.com Coldwell Banker Elite License #0225091923 Listed on: 09/15/2024
Co-Listed By
(540) 373-0100 agraves@coldwellbankerelite.com Coldwell Banker Elite License #0225083193
Last Buyer's Agent
(703) 489-0473 talleyteam@comcast.net Buyers Advantage Real Estate of Virginia, LLC License #0225055279
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,465
Year Built
- Built in 1889
Lot Details
- 4,792 Sq Ft Lot
- Downtown Location
- Level Lot
Parking
- On-Street Parking
Home Design
- Duplex
- Victorian Architecture
- Brick Foundation
- Plaster Walls
- Metal Roof
- Wood Siding
Interior Spaces
- 2,400 Sq Ft Home
- Traditional Floor Plan
- Crown Molding
- Ceiling Fan
- 5 Fireplaces
- Family Room Off Kitchen
Kitchen
- Galley Kitchen
- Stove
Flooring
- Wood
- Carpet
- Tile or Brick
- Vinyl
Bedrooms and Bathrooms
- Main Floor Bedroom
- Bathtub with Shower
Outdoor Features
- Porch
Schools
- Walker-Grant Middle School
- James Monroe High School
Utilities
- Window Unit Cooling System
- Hot Water Heating System
- Electric Water Heater
- Municipal Trash
Listing and Financial Details
- The owner pays for common area maintenance, lawn/shrub care, real estate taxes, trash collection, water, insurance
- Tax Lot 296
- Assessor Parcel Number 7789-13-1937
Community Details
Overview
- 2 Units
- 3-Story Building
Building Details
- Insurance Expense $1,249
- Trash Expense $1,226
- Operating Expense $12,510
- Net Operating Income $21,089
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 15, 2024
Closed on
Nov 7, 2024
Sold by
Graves Lewis W and Graves Susan A
Bought by
Hbg Properties Llc
Seller's Agent
Heather O'Neill
Coldwell Banker Elite
Buyer's Agent
Gregory Talley
Buyers Advantage Real Estate of Virginia, LLC
List Price
$625,000
Sold Price
$550,000
Premium/Discount to List
-$75,000
-12%
Views
61
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$62,872
Avg. Annual Appreciation
10.05%
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hbg Properties Llc | $550,000 | Stewart Title Guaranty Company |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/08/2024 11/08/24 | Sold | $550,000 | 0.0% | $229 / Sq Ft | |
| 11/08/2024 11/08/24 | Sold | $550,000 | -12.0% | $229 / Sq Ft | View Prior Sale |
| 09/15/2024 09/15/24 | For Sale | $625,000 | 0.0% | $260 / Sq Ft | |
| 09/15/2024 09/15/24 | For Sale | $625,000 | 0.0% | $260 / Sq Ft | |
| 10/03/2014 10/03/14 | Rented | $1,150 | 0.0% | -- | |
| 10/01/2014 10/01/14 | Under Contract | -- | -- | -- | |
| 09/15/2014 09/15/14 | For Rent | $1,150 | -4.2% | -- | |
| 03/06/2014 03/06/14 | Rented | $1,200 | -4.0% | -- | |
| 03/03/2014 03/03/14 | Under Contract | -- | -- | -- | |
| 02/07/2014 02/07/14 | For Rent | $1,250 | -- | -- |
Source: Bright MLS
Tax History Compared to Growth
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 | $4,067 | $528,200 | $235,000 | $293,200 |
| 2024 | $3,716 | $417,500 | $197,000 | $220,500 |
| 2023 | $3,591 | $417,500 | $197,000 | $220,500 |
| 2022 | $3,465 | $417,500 | $197,000 | $220,500 |
| 2021 | $3,465 | $417,500 | $197,000 | $220,500 |
| 2020 | $2,804 | $329,900 | $196,600 | $133,300 |
| 2019 | $2,639 | $329,900 | $196,600 | $133,300 |
| 2018 | $2,639 | $329,900 | $196,600 | $133,300 |
| 2017 | $2,639 | $329,900 | $196,600 | $133,300 |
| 2012 | -- | $305,200 | $189,500 | $115,700 |
Source: Public Records
Agents Affiliated with this Home
-
Heather O'Neill
-
Allison Graves
Seller's Agent in 2024
Allison Graves
Coldwell Banker Elite
(540) 373-0100
9 in this area
25 Total Sales
-
Gregory Talley
G
Buyer's Agent in 2024
Gregory Talley
Buyers Advantage Real Estate of Virginia, LLC
(703) 489-0473
2 in this area
23 Total Sales
-
Tim Webb
Seller's Agent in 2014
Tim Webb
Lando Massey Real Estate
(540) 907-0014
1 in this area
16 Total Sales
-
Dorothy Pett
Buyer's Agent in 2014
Dorothy Pett
Coldwell Banker Elite
(540) 846-0129
2 Total Sales
-
Teresa Irish
Buyer's Agent in 2014
Teresa Irish
Weichert Corporate
(540) 903-7418
39 Total Sales
Map
Source: Bright MLS
MLS Number: VAFB2006760
APN: 84-703
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