NOT LISTED FOR SALE

7490 Lou Ln Mechanicsville, VA 23111

Estimated Value: $443,106 - $509,000

4 Beds
3 Baths
2,442 Sq Ft
$189/Sq Ft Est. Value

About This Home

This home is located at 7490 Lou Ln, Mechanicsville, VA 23111 and is currently estimated at $462,277, approximately $189 per square foot. 7490 Lou Ln is a home located in Hanover County with nearby schools including Mechanicsville Elementary School, Chickahominy Middle School, and Atlee High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 16, 2012
Sold by
Ball John E
Bought by
Scherm Eric W
Current Estimated Value
$462,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,800
Outstanding Balance
$136,715
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$325,562
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
Scherm Eric W $222,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scherm Eric W $199,800
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 $3,335 $411,700 $83,000 $328,700
2024 $3,205 $395,700 $78,200 $317,500
2023 $2,784 $361,500 $73,500 $288,000
2022 $2,584 $319,000 $68,700 $250,300
2021 $2,320 $286,400 $61,400 $225,000
2020 $2,228 $275,000 $59,500 $215,500
2019 $1,994 $246,200 $53,800 $192,400
2018 $1,994 $246,200 $53,800 $192,400
2017 $1,714 $211,600 $54,200 $157,400
2016 $1,714 $211,600 $54,200 $157,400
2015 $1,714 $211,600 $54,200 $157,400
2014 $1,690 $208,700 $54,200 $154,500
Source: Public Records

Map

Virginia Hanover County Mechanicsville 23111

7490 Lou Ln, Mechanicsville, VA

This home is located at 7490 Lou Ln, Mechanicsville, VA 23111 and is currently estimated at $462,277, approximately $189 per square foot. 7490 Lou Ln is a home located in Hanover County with nearby schools including Mechanicsville Elementary School, Chickahominy Middle School, and Atlee High School.

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