NOT LISTED FOR SALE

7118 Morgan Island Way Gainesville, VA 20155

Estimated Value: $594,000 - $685,000

3 Beds
3.5 Baths
2,324 Sq Ft
$282/Sq Ft Est. Value

Last Sold August 06, 2021

Last sale price $525,000 $226 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $4,002/month

Highlights

  • Colonial Architecture
  • Community Pool
  • Forced Air Heating and Cooling System
  • Buckland Mills Elementary School Rated A
  • 2 Car Attached Garage
  • Gas Fireplace

About This Home

As of August 2021

Beautiful single family at a townhouse price in the wonderful neighborhood of Somerset. 3 Bedroom 3.5 Bathrooms with a full finished basement. Nicely updated kitchen with granite and stainless steel appliances. New flooring throughout the main level. Large deck to enjoy in the rear yard that is fully fenced in.

Last Agent to Sell the Property

Shannon Thompson

(703) 585-8985 s.thompson09@comcast.net Marquee Properties, Inc. License #0225210423 Listed on: 06/26/2021

Last Buyer's Agent

Dan Goldman

(703) 261-4050 dgoldmanhomes@gmail.com Homestead Realty License #0225240694

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,125

Year Built

  • Built in 2002

Lot Details

  • 5,406 Sq Ft Lot
  • Property is zoned R6

HOA Fees

  • $65 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • Property has 2 Levels
  • Gas Fireplace

Kitchen

  • Built-In Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Basement

  • Interior and Exterior Basement Entry
  • Natural lighting in basement

Schools

  • Buckland Mills Elementary School
  • Ronald Wilson Reagan Middle School
  • Battlefield High School

Utilities

  • Forced Air Heating and Cooling System
  • Natural Gas Water Heater

Listing and Financial Details

  • Tax Lot 75
  • Assessor Parcel Number 7397-15-3961

Community Details

Overview

  • Somerset Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,125

Year Built

Built in 2002

Lot Details

0

HOA Fees

$65 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main, Upper 1
  • Year Built: 2002
  • Automatically Close On Close Date: No
  • Remarks Public: Beautiful single family at a townhouse price in the wonderful neighborhood of Somerset. 3 Bedroom 3.5 Bathrooms with a full finished basement. Nicely updated kitchen with granite and stainless steel appliances. New flooring throughout the main level. Large deck to enjoy in the rear yard that is fully fenced in.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Built-In Microwave, Built-In Range, Dishwasher, Disposal
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Daylight, Full, Interior Access, Outside Entrance
  • Total Sq Ft: 2472
  • Living Area Sq Ft: 2324
  • Price Per Sq Ft: 307.33
  • Above Grade Finished Sq Ft: 1692
  • Below Grade Finished Sq Ft: 632
  • Below Grade Sq Ft: 148
  • Total Below Grade Sq Ft: 780
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7118

Beds/Baths

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

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 2.00
  • Garage: Yes
  • Garage Features: Built In
  • Attached Garage Spaces: 2
  • Total Garage And Parking Spaces: 2
  • Type Of Parking: 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: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 65.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA: Yes
  • Senior Community: No

Schools

  • School District: PRINCE WILLIAM COUNTY PUBLIC SCHOOLS
  • Elementary School: BUCKLAND MILLS
  • Middle School: RONALD WILSON REAGAN
  • High School: BATTLEFIELD
  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121137431984
  • School District Source: Listing Agent
  • Elementary School: BUCKLAND MILLS
  • High School: BATTLEFIELD
  • Middle Or Junior School: RONALD WILSON REAGAN

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 277600.00
  • Land Assessed Value: 131600.00
  • Land Use Code: 131
  • Lot Size Acres: 0.12
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 5406.00
  • Year Assessed: 2021
  • Zoning: R6
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 18649585
  • Tax Annual Amount: 5125.00
  • Assessor Parcel Number: 7397-15-3961
  • Tax Lot: 75
  • Tax Total Finished Sq Ft: 2324
  • County Tax Payment Frequency: Annually
  • Tax Year: 2020
  • Close Date: 08/06/2021

MLS Schools

  • School District Name: PRINCE WILLIAM COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 26, 2021
Closed on
Aug 6, 2021
Sold by
Cowan Jean
Bought by
Rhodes Kyle and Rhodes Emily
Seller's Agent
Shannon Thompson
Marquee Properties, Inc.
Buyer's Agent
Dan Goldman
Homestead Realty
List Price
$520,000
Sold Price
$525,000
Premium/Discount to List
$5,000
0.96%
Current Estimated Value
$654,859

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,859
Avg. Annual Appreciation
5.39%
Original Mortgage
$498,750
Outstanding Balance
$454,194
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$200,665

Purchase Details

Listed on
Feb 3, 2013
Closed on
Mar 27, 2013
Sold by
Hollomon Timothy B
Bought by
Cowan Jean
Seller's Agent
Noemy Quinteros
Millennium Realty Group Inc.
Buyer's Agent
Crystal Boyd
Samson Properties
List Price
$329,800
Sold Price
$340,000
Premium/Discount to List
$10,200
3.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.33%
Original Mortgage
$333,841
Interest Rate
3.37%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 31, 2005
Sold by
Mcguigan Johnny
Bought by
Hollomon Timothy B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$391,900
Interest Rate
5.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 25, 2002
Sold by
N V R Inc
Bought by
Mcguigan Johnny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,200
Interest Rate
7.05%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2002
Sold by
Somerset Crossing Lc
Bought by
N V R Inc
Source: Public Records

Range of Values:

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
Rhodes Kyle $525,000 Commonwealth Land Ttl Ins Co
Cowan Jean $340,000 --
Hollomon Timothy B $489,900 --
Mcguigan Johnny $265,290 --
N V R Inc $159,795 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rhodes Kyle $498,750
Previous Owner Cowan Jean $333,841
Previous Owner Hollomon Timothy B $391,900
Previous Owner Mcguigan Johnny $212,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/06/2021 08/06/21 Sold $525,000 +1.0% $226 / Sq Ft
06/26/2021 06/26/21 For Sale $520,000 +52.9% $224 / Sq Ft
03/28/2013 03/28/13 Sold $340,000 +3.1% $197 / Sq Ft View Prior Sale
02/09/2013 02/09/13 Pending -- -- --
02/03/2013 02/03/13 For Sale $329,800 -- $191 / 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 $5,707 $644,400 $228,800 $415,600
2024 $5,707 $573,900 $201,900 $372,000
2023 $5,409 $519,800 $184,500 $335,300
2022 $5,521 $488,200 $179,600 $308,600
2021 $5,010 $409,200 $131,600 $277,600
2020 $6,439 $415,400 $134,600 $280,800
2019 $6,273 $404,700 $134,600 $270,100
2018 $4,590 $380,100 $126,200 $253,900
2017 $4,482 $362,400 $119,900 $242,500
2016 $4,328 $353,000 $115,400 $237,600
2015 $4,200 $342,800 $113,700 $229,100
2014 $4,200 $335,100 $106,300 $228,800
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Shannon Thompson

    Marquee Properties, Inc.

    (703) 585-8985

    2 in this area

    14 Total Sales

    Shannon Thompson
    Section Image
  • Dan Goldman

    Buyer's Agent in 2021

    Dan Goldman

    Homestead Realty

    (703) 261-4050

    1 in this area

    5 Total Sales

    Dan Goldman
    Section Image

  • N

    Seller's Agent in 2013

    Noemy Quinteros

    Millennium Realty Group Inc.

    (703) 201-7150

    30 Total Sales

    Noemy Quinteros
    Section Image

  • C

    Buyer's Agent in 2013

    Crystal Boyd

    Samson Properties

    (240) 364-4193

    Crystal Boyd
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: VAPW2001432

Bright MLS

APN: 7397-15-3961

Virginia Prince William County Gainesville 20155

7118 Morgan Island Way, Gainesville, VA

This home is located at 7118 Morgan Island Way, Gainesville, VA 20155 since 26 June 2021 and is currently estimated at $654,859, approximately $281 per square foot. This property was built in 2002. 7118 Morgan Island Way is a home located in Prince William County with nearby schools including Buckland Mills Elementary School, Ronald Wilson Reagan Middle School, and St. Michael's Academy.

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.

Bright MLS The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement.
Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site.
The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale.
Property information displayed is deemed reliable but is not guaranteed.
Copyright 2025 Bright MLS, Inc.

Nearby Homes