NOT LISTED FOR SALE

7478 Ridge Way Mechanicsville, VA 23111

Estimated Value: $318,000 - $367,000

4 Beds
2 Baths
1,854 Sq Ft
$182/Sq Ft Est. Value

About This Home

This home is located at 7478 Ridge Way, Mechanicsville, VA 23111 and is currently estimated at $337,857, approximately $182 per square foot. 7478 Ridge Way is a home located in Hanover County with nearby schools including Mechanicsville Elementary School, Bell Creek Middle School, and Mechanicsville High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 2, 2011
Sold by
Moncure James H
Bought by
Mcdonnough Andre J
Current Estimated Value
$337,857

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,863
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 15, 2011
Sold by
Secy Of H U D
Bought by
Bismarck Llc

Purchase Details

Closed on
Mar 25, 2010
Sold by
Glasser And Glasser Plc and Collins Robert W
Bought by
Midfirst Bank

Purchase Details

Closed on
Sep 2, 2003
Sold by
Payne Noel
Bought by
Collins Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,709
Interest Rate
5.69%
Mortgage Type
FHA
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.

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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.

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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.

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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.

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Average Value
Not Available
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
Mcdonnough Andre J $162,000 --
Bismarck Llc $43,207 --
Midfirst Bank $145,634 --
Collins Robert $144,950 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collins Robert $123,368
Closed Mcdonnough Andre J $157,863
Previous Owner Collins Robert $142,709
Source: Public Records

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 $2,746 $339,000 $85,000 $254,000
2024 $2,432 $300,200 $85,000 $215,200
2023 $2,174 $282,300 $80,000 $202,300
2022 $2,152 $265,700 $75,000 $190,700
2021 $1,845 $227,800 $70,000 $157,800
2020 $1,749 $215,900 $65,000 $150,900
2019 $1,570 $205,900 $55,000 $150,900
2018 $1,570 $193,800 $55,000 $138,800
2017 $1,435 $177,200 $55,000 $122,200
2016 $1,435 $177,200 $55,000 $122,200
2015 $1,435 $177,200 $55,000 $122,200
2014 $1,435 $177,200 $55,000 $122,200
Source: Public Records

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