NOT LISTED FOR SALE

7250 Pegway Ln Mechanicsville, VA 23111

Estimated Value: $384,043 - $453,000

4 Beds
2 Baths
2,072 Sq Ft
$199/Sq Ft Est. Value

Last Sold October 22, 2019

Last sale price $257,000 $124 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $2,397/month

25 Days on Market

Highlights

  • 1.55 Acre Lot
  • Wood Flooring
  • Porch
  • Laurel Meadow Elementary School Rated A-
  • Granite Countertops
  • Recessed Lighting

About This Home

As of October 2019

Check out this beautiful brick home with 4 bed/2 bath just waiting for its new owners! Completely remodeled! Large open kitchen with new ss appliances, granite countertops, updated cabinets, new oak hardwood floors throughout, fresh paint, new light fixtures, hardware, knobs, and ceiling fans. It also has a brand new roof, updated electrical and plumbing, and so much more! Tons of space and privacy on 1.5 acres.
Showings delayed until Saturday, August 24.

Last Agent to Sell the Property

Chelsea Newcomb

Lake and Country Realty, LLC License #0225185811 Listed on: 08/20/2019

Last Buyer's Agent

Mike Lester

Long & Foster REALTORS License #0225099057

Long & Foster REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,567

Year Built

  • Built in 1974

Lot Details

  • 1.55 Acre Lot
  • Zoning described as R2

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2,072 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace Features Masonry
  • Dining Area
  • Walk-Out Basement
  • Granite Countertops

Flooring

  • Wood
  • Linoleum
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Porch

Schools

  • Laurel Meadow Elementary School
  • Bell Creek Middle School
  • Mechanicsville High School

Utilities

  • Central Air
  • Heat Pump System
  • Shared Well
  • Water Heater
  • Septic Tank

Community Details

  • Meadow Gate Subdivision

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 8715-44-9597

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,567

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1974
  • Property Attached Yn: No
  • Lot Size Acres: 1.551
  • Ownership: Individuals
  • Subdivision Name: Meadow Gate
  • Architectural Style: Tri-Level
  • Garage Yn: No
  • Unit Levels: One, Multi/Split
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Linoleum, Vinyl, Wood
  • Basement: Walk-Out Access
  • Appliances: Electric Water Heater
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Dining Area, Granite Counters, Recessed Lighting
  • Living Area: 2072.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition, Shingle
  • Fencing: None
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Brick
  • Exterior Features: Porch, Paved Driveway
  • Patio And Porch Features: Porch
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Driveway, Paved

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Sewer: Septic Tank
  • Water Source: Community/Coop, Shared Well
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Bell Creek Middle

Lot Info

  • Parcel Number: 8715-44-9597
  • Zoning Description: R2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 1567.0
  • Tax Lot: 7

MLS Schools

  • Elementary School: Laurel Meadow
  • High School: Mechanicsville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2019
Closed on
Oct 1, 2019
Sold by
Head Matthew T
Bought by
Mayo Robert W and Mayo Scott Carrington
Seller's Agent
Chelsea Newcomb
Lake and Country Realty, LLC
Buyer's Agent
Mike Lester
Long & Foster REALTORS
List Price
$269,500
Sold Price
$257,000
Premium/Discount to List
-$12,500
-4.64%
Current Estimated Value
$411,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,511
Avg. Annual Appreciation
8.13%
Original Mortgage
$164,000
Outstanding Balance
$143,377
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$268,134

Purchase Details

Closed on
Mar 24, 2008
Sold by
Newell Wendell L
Bought by
Head Matthew T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,000
Interest Rate
5.76%
Mortgage Type
New Conventional
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
Mayo Robert W $257,000 Attorney
Head Matthew T $260,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mayo Robert W $164,000
Previous Owner Head Matthew T $195,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2019 10/22/19 Sold $257,000 -4.6% $124 / Sq Ft
09/14/2019 09/14/19 Pending -- -- --
08/20/2019 08/20/19 For Sale $269,500 -- $130 / Sq Ft
Source: Central Virginia Regional 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 $2,863 $353,500 $90,000 $263,500
2024 $2,573 $317,700 $80,000 $237,700
2023 $2,281 $296,200 $75,000 $221,200
2022 $2,198 $271,400 $75,000 $196,400
2021 $2,018 $249,100 $70,000 $179,100
2020 $1,874 $231,300 $65,000 $166,300
2019 $1,567 $193,400 $55,000 $138,400
2018 $1,567 $193,400 $55,000 $138,400
2017 $1,502 $185,400 $55,000 $130,400
2016 $1,502 $185,400 $55,000 $130,400
2015 $1,502 $185,400 $55,000 $130,400
2014 $1,502 $185,400 $55,000 $130,400
Source: Public Records

Agents Affiliated with this Home

  • Chelsea Newcomb

    Seller's Agent in 2019

    Chelsea Newcomb

    Lake and Country Realty, LLC

    (540) 894-1113

    285 Total Sales

    Chelsea Newcomb
    Section Image
  • Mike Lester

    Buyer's Agent in 2019

    Mike Lester

    Long & Foster

    (804) 839-3102

    25 Total Sales

    Mike Lester
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 1927778

Central Virginia Regional MLS

APN: 8715-44-9597

Virginia Hanover County Mechanicsville 23111

7250 Pegway Ln, Mechanicsville, VA

This home is located at 7250 Pegway Ln, Mechanicsville, VA 23111 since 20 August 2019 and is currently estimated at $411,511, approximately $198 per square foot. This property was built in 1974. 7250 Pegway Ln is a home located in Hanover County with nearby schools including Laurel Meadow Elementary School, Bell Creek Middle School, and Mechanicsville High School.

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.

Central Virginia Regional MLS All or a portion of th multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

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