NOT LISTED FOR SALE

7494 Ridge Way Mechanicsville, VA 23111

Estimated Value: $368,000 - $433,000

4 Beds
3 Baths
2,360 Sq Ft
$173/Sq Ft Est. Value

About This Home

This home is located at 7494 Ridge Way, Mechanicsville, VA 23111 and is currently estimated at $407,257, approximately $172 per square foot. 7494 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
Mar 14, 2000
Sold by
Banks George E
Bought by
Shanes Gregory
Current Estimated Value
$407,257

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,900
Outstanding Balance
$39,138
Interest Rate
8.24%
Estimated Equity
$368,119
Source: Public Records

Range of Values:

Collateral Analytics

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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
Shanes Gregory $116,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shanes Gregory $115,900
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 $2,912 $359,500 $85,000 $274,500
2024 $2,658 $328,200 $85,000 $243,200
2023 $2,345 $304,600 $80,000 $224,600
2022 $2,181 $269,300 $75,000 $194,300
2021 $1,973 $243,600 $70,000 $173,600
2020 $1,865 $230,300 $65,000 $165,300
2019 $1,673 $220,300 $55,000 $165,300
2018 $1,673 $206,500 $55,000 $151,500
2017 $1,544 $190,600 $55,000 $135,600
2016 $1,544 $190,600 $55,000 $135,600
2015 $1,544 $190,600 $55,000 $135,600
2014 $1,544 $190,600 $55,000 $135,600
Source: Public Records

Map

Virginia Hanover County Mechanicsville 23111

7494 Ridge Way, Mechanicsville, VA

This home is located at 7494 Ridge Way, Mechanicsville, VA 23111 and is currently estimated at $407,257, approximately $172 per square foot. 7494 Ridge Way is a home located in Hanover County with nearby schools including Mechanicsville Elementary School, Bell Creek Middle School, and Mechanicsville High School.

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