NOT LISTED FOR SALE

7117 Morgan Island Way Gainesville, VA 20155

Estimated Value: $779,000 - $834,022

4 Beds
3.5 Baths
3,648 Sq Ft
$219/Sq Ft Est. Value

Last Sold June 08, 2018

Last sale price $480,000 $132 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $4,848/month

Highlights

  • Private Pool
  • Open Floorplan
  • Colonial Architecture
  • Buckland Mills Elementary School Rated A
  • Lake Privileges
  • Clubhouse

About This Home

As of June 2018

Stunning home in sought after Somerset!! Main level offers upgraded kitchen w/ Stainless steel appliances, Silestone counters, & hardwood floors. Home office on main level. Master suite w/ sitting room, his & her closets, & dual vanities. U/L Laundry. Finished basement w/ game room. Enjoy the outdoor deck w/ fenced backyard!! Easy walk to pool, tots lot, basketball & tennis courts!! Great schools!

Last Agent to Sell the Property

Marcus Walton

(804) 586-3972 marcuswalton357@gmail.com Allison James Estates & Homes Listed on: 04/14/2018

Allison James Estates & Homes

Last Buyer's Agent

John Ginty

(703) 307-3449 gojcfrealestate@gmail.com Samson Properties License #WVS240303523

Samson Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,119

Year Built

  • Built in 2002

Lot Details

  • 5,828 Sq Ft Lot
  • Back Yard Fenced
  • Landscaped
  • Property is in very good condition
  • Property is zoned R6

HOA Fees

  • $77 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Asphalt Roof

Interior Spaces

  • Property has 3 Levels
  • Open Floorplan
  • Central Vacuum
  • Chair Railings
  • Crown Molding
  • 1 Fireplace
  • Window Treatments
  • French Doors
  • Family Room
  • Sitting Room
  • Dining Room
  • Den
  • Home Gym
  • Wood Flooring

Kitchen

  • Breakfast Area or Nook
  • Gas Oven or Range
  • Stove
  • Microwave
  • Dishwasher
  • Upgraded Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • En-Suite Bathroom
  • 3.5 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Rear Basement Entry

Home Security

  • Home Security System
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Outdoor Features

  • Private Pool
  • Lake Privileges
  • Deck
  • Shed

Utilities

  • Forced Air Heating and Cooling System
  • 60+ Gallon Tank
  • Public Septic
  • Fiber Optics Available

Listing and Financial Details

  • Tax Lot 74
  • Assessor Parcel Number 215784

Community Details

Overview

  • Built by RYAN HOMES
  • Somerset Subdivision, Sheridan Ryan Floorplan
  • Somerset Community

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Community Pool
  • Jogging Path

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,119

Year Built

Built in 2002

Lot Details

0

HOA Fees

$77 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Inclusions: Parking Included In ListPrice,Parking Included In SalePrice
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Expected On Market: 2018-04-14
  • Year Built: 2002
  • Remarks Public: Stunning home in sought after Somerset!! Main level offers upgraded kitchen w/ Stainless steel appliances, Silestone counters, & hardwood floors. Home office on main level. Master suite w/ sitting room, his & her closets, & dual vanities. U/L Laundry. Finished basement w/ game room. Enjoy the outdoor deck w/ fenced backyard!! Easy walk to pool, tots lot, basketball & tennis courts!! Great schools!
  • Special Assessment Payment: Annually
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Central Vacuum, Dishwasher, Disposal, Dryer, Microwave, Oven/Range - Gas, Refrigerator, Stove, Washer
  • Interior Amenities: Breakfast Area, Dining Area, Upgraded Countertops, Crown Moldings, Primary Bath(s), Window Treatments, Wood Floors, Chair Railings, Floor Plan - Open
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Door Features: French
  • Wall Ceiling Types: Dry Wall
  • Entry Location: Foyer
  • Levels Count: 3+
  • Room List: Dining Room, Primary Bedroom, Sitting Room, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Study, Exercise Room, Laundry
  • Basement: Yes
  • Basement Type: Outside Entrance, Rear Entrance, Walkout Level
  • Living Area Units: Square Feet
  • Total Sq Ft: 3668
  • Living Area Sq Ft: 3648
  • Price Per Sq Ft: 188.38
  • Above Grade Finished Sq Ft: 2548
  • Below Grade Finished Sq Ft: 1100
  • Below Grade Sq Ft: 20
  • Total Below Grade Sq Ft: 1120
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7117

Beds/Baths

  • Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Upper Level Bathrooms: 2.00
  • Lower Levels Bathrooms: 1.00
  • Upper Level Full Bathrooms: 2
  • Lower Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Combination, Brick
  • Exterior Features: Sidewalks
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community, Yes - Personal
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Parking Features: Garage, Asphalt Driveway
  • Garage Features: Garage Door Opener
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: Driveway, Off Street, Attached Garage

Utilities

  • Refuse: 70.00
  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Forced Air
  • Heating: Yes
  • Hot Water: 60+ Gallon Tank
  • Security: Carbon Monoxide Detector(s), Smoke Detector, Security System
  • Sewer/Septic System: Public Septic, Public Sewer
  • Utilities: Fiber Optics Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 232.00
  • HOA Fee Frequency: Quarterly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Basketball Courts, Tennis Courts, Tot Lots/Playground, Swimming Pool, Pool - Outdoor, Jog/Walk Path, Club House, Water/Lake Privileges
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: PRINCE WILLIAM COUNTY PUBLIC SCHOOLS
  • School District Key: 121137431984

Lot Info

  • Fencing: Rear
  • Improvement Assessed Value: 324800.00
  • Land Assessed Value: 126400.00
  • Lot Features: Landscaping
  • Lot Size Acres: 0.13
  • Lot Size Area: 5828
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5828.00
  • Outdoor Living Structures: Deck(s)
  • Property Condition: Very Good
  • Year Assessed: 2018
  • Zoning: R6

Green Features

  • Green Verification: No

Building Info

  • Builder Name: RYAN HOMES

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 5118.84
  • Assessor Parcel Number: 215784
  • Tax Lot: 74
  • Tax Total Finished Sq Ft: 2548
  • County Tax Payment Frequency: Annually
  • Tax Year: 2017
  • Close Date: 06/08/2018

MLS Schools

  • School District Name: PRINCE WILLIAM COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 14, 2018
Closed on
Jun 8, 2018
Sold by
Walton Marcus and Walton Tabatha
Bought by
Mcfarland James Lawrence and Mcfarland Shannon Audrey
Seller's Agent
Marcus Walton
Allison James Estates & Homes
Buyer's Agent
John Ginty
Samson Properties
List Price
$479,990
Sold Price
$480,000
Premium/Discount to List
$10
0.002%
Current Estimated Value
$797,256

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,256
Avg. Annual Appreciation
7.13%
Original Mortgage
$360,000
Outstanding Balance
$311,340
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$485,916

Purchase Details

Listed on
Sep 18, 2012
Closed on
Dec 11, 2012
Sold by
Ford Michael J
Bought by
Walton Marcus
Seller's Agent
Maria Dentone
City Realty
Buyer's Agent
Jennifer Rivera
Blue and Gray Realty, LLC
List Price
$399,900
Sold Price
$384,000
Premium/Discount to List
-$15,900
-3.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.15%
Original Mortgage
$377,044
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 7, 2011
Sold by
Ford Michael James
Bought by
Ford Michael James and Ford Erica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,122
Interest Rate
4%
Mortgage Type
VA

Purchase Details

Closed on
May 22, 2008
Sold by
Zelaya Oscar M
Bought by
Ford Michael James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$342,202
Interest Rate
5.94%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2006
Sold by
Honse David R
Bought by
Zelaya Oscar M and Zelaya Sanchez,Romeo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$388,000
Interest Rate
6.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 23, 2002
Sold by
N V R Inc
Bought by
Honse David R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$286,300
Interest Rate
7.01%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 11, 2002
Sold by
Somerset Crossing L C
Bought by
Nvr Inc
Source: Public Records

Range of Values:

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Average Value
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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
Mcfarland James Lawrence $480,000 Title 1 Llc
Walton Marcus $384,000 --
Ford Michael James -- Optima Title Solutions & Esc
Ford Michael James $335,000 --
Zelaya Oscar M $485,000 --
Honse David R $318,150 --
Nvr Inc $53,265 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcfarland James Lawrence $360,000
Previous Owner Walton Marcus $377,044
Previous Owner Ford Michael James $348,122
Previous Owner Ford Michael James $342,202
Previous Owner Zelaya Oscar M $388,000
Previous Owner Honse David R $286,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/08/2018 06/08/18 Sold $480,000 0.0% $132 / Sq Ft
04/27/2018 04/27/18 Pending -- -- --
04/14/2018 04/14/18 For Sale $479,990 +25.0% $132 / Sq Ft
12/12/2012 12/12/12 Sold $384,000 -4.0% $103 / Sq Ft View Prior Sale
10/02/2012 10/02/12 Pending -- -- --
09/18/2012 09/18/12 For Sale $399,900 -- $107 / Sq Ft
Source: Bright MLS

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 $6,686 $752,600 $229,000 $523,600
2024 $6,686 $672,300 $202,100 $470,200
2023 $6,332 $608,600 $184,600 $424,000
2022 $6,425 $569,800 $179,800 $390,000
2021 $5,896 $483,200 $131,800 $351,400
2020 $7,592 $489,800 $134,700 $355,100
2019 $7,423 $478,900 $134,700 $344,200
2018 $5,448 $451,200 $126,400 $324,800
2017 $5,302 $430,300 $120,000 $310,300
2016 $5,120 $419,300 $115,500 $303,800
2015 $4,982 $407,000 $113,900 $293,100
2014 $4,982 $399,100 $106,400 $292,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000369442

Bright MLS

APN: 7397-15-5367