NOT LISTED FOR SALE

7218 Lakewood Ln Spotsylvania, VA 22551

Margo Neighborhood

Estimated Value: $336,000 - $375,000

3 Acres
$119,475 Price per Acre
130,680 Sq Ft Lot

Last Sold July 10, 2013

Last sale price $25,500 $24 Per Sq Ft

Est. 1,306% increase in value since last sale

Current estimated payment $2,022/month

205 Days on Market

About This Lot

As of July 2013

Bank owned property located in Spotsylvania, Virginia. Currently is hooked up to utilities. The back addition on the mobile home is not permitted and structural integrity unsafe. Property is being sold for land value only; seller will not allow entrance into the mobile trailer for liability concerns unless under contract and scheduled showing. Great opportunity-just resolve the issues!

Last Agent to Sell the Property

Joy Basher Downey

(703) 615-8985 joybasherdowney.realtor@gmail.com Samson Properties Listed on: 12/08/2012

Samson Properties

Last Buyer's Agent

Tracey Nissen

(540) 220-9875 traceynissen@verizon.net United Real Estate Premier

United Real Estate Premier

Property Details

Property Type

  • Land

Lot Details

  • 3 Acre Lot
  • No Building Permits
  • Property is zoned A3

Utilities

  • Well
  • Septic Tank

Community Details

  • No Home Owners Association
  • Lakewood Estates Subdivision

Listing and Financial Details

  • Tax Lot 16A
  • Assessor Parcel Number 56-1-16A

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Ownership: Fee Simple
  • New Construction: No
  • Special Features: None
  • Property Sub Type: LotsLands
  • Stories: 0

Interior Features

  • Basement: No
  • Price Per Sq Ft: 0.22

Exterior Features

  • Construction Completed: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No

Lot Info

  • Lot Size Acres: 3.00
  • Lot Size Area: 130680
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 130680.00
  • Zoning: A3

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 863.28
  • Assessor Parcel Number: 56-1-16A
  • Tax Lot: 16A
  • County Tax Payment Frequency: Annually
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 8, 2012
Closed on
Jul 10, 2013
Sold by
Branch Banking And Trust Co
Bought by
Tucker Marie
Seller's Agent
Joy Basher Downey
Samson Properties
Buyer's Agent
Tracey Nissen
United Real Estate Premier
List Price
$50,000
Sold Price
$25,500
Premium/Discount to List
-$24,500
-49%
Current Estimated Value
$358,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$332,924
Avg. Annual Appreciation
23.74%

Purchase Details

Closed on
Aug 20, 2012
Sold by
Glasser and Glasser Subtr
Bought by
Branch Banking And Trust Co
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
Tucker Marie $25,500 --
Branch Banking And Trust Co $48,240 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2013 07/10/13 Sold $25,500 -49.0% $24 / Sq Ft
07/01/2013 07/01/13 Pending -- -- --
12/08/2012 12/08/12 For Sale $50,000 -- $46 / 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 $1,623 $221,000 $60,300 $160,700
2024 $1,623 $221,000 $60,300 $160,700
2023 $1,392 $180,400 $44,100 $136,300
2022 $1,331 $180,400 $44,100 $136,300
2021 $1,348 $166,600 $38,700 $127,900
2020 $1,348 $166,600 $38,700 $127,900
2019 $1,351 $159,400 $36,000 $123,400
2018 $1,328 $159,400 $36,000 $123,400
2017 $1,378 $162,100 $36,000 $126,100
2016 $1,378 $162,100 $36,000 $126,100
2015 $753 $159,500 $33,300 $126,200
2014 $753 $61,200 $33,300 $27,900
Source: Public Records

Agents Affiliated with this Home

  • Joy Basher Downey

    Seller's Agent in 2013

    Joy Basher Downey

    Samson Properties

    (703) 615-8985

    39 Total Sales

    Joy Basher Downey
    Section Image
  • Tracey Nissen

    Buyer's Agent in 2013

    Tracey Nissen

    United Real Estate Premier

    (540) 220-9875

    2 in this area

    28 Total Sales

    Tracey Nissen
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 1004235834

Bright MLS

APN: 56-1-16A

Virginia Spotsylvania County Spotsylvania 22551 Margo

7218 Lakewood Ln, Spotsylvania, 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.

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