$350,000
SOLD MAR 22, 2022

7525 Buchanan Dr King George, VA 22485

3 Beds
2 Baths
1,456 Sq Ft
0.47 Acres

Recently Sold

$240 Per Sq Ft

6% Above List Price

3 Days on Market

Highlights

  • Traditional Architecture
  • Central Air
  • Heat Pump System
  • Community Pool

About This Home

As of March 2022

Just listed! Welcome to your new SINGLE FAMILY (2009) home in the heart of King George County- Presidential Lakes Community! Spacious Two Level Modern finishes, Open Concept with 3 Bedroom, 2 Full Bathroom. The owner gave this property a lot of love and did not spare on any detail like the Hardwood Flooring (2022) or the Crown Molding (2022) and many other quality finishes! Spend time relaxing with guest on the Main level with a spacious living and dining area and wood burning Fireplace, while enjoying cooking great cuisines in your MODERN Updated KITCHEN (2022) with New Appliances (2022) and Granite Countertop! Large high quality/energy efficient Windows and Sliding Door give you plenty of access to Natural Sunlight and a great view to your .47 Acre Lot! Escape to your Master Bedroom Suite with a luxury Bathroom and large closet! Plenty of large storage area in Basement and walk-in closets and easy access to the Laundry and Dryer on the 1st level! Step out to your spacious yard to have a master's view your own private escape for gardening while Barbecuing on your large 4+ Car Wide Driveway and New Concrete Sidewalk (2022)! Conveniently located close to direct commuter routes, Routes 3 Kings Hwy, Quick Access to City of Fredericksburg, 95, and 20 Minuets away from VRE Train connection! Don’t forget the activities that you’ll have access to through the exclusive Presidential Lakes Recreation amenities (Lake Jefferson Nature hike, pool, multi-purpose courts, and fitness athletic fields and Picnic Areas).

Last Agent to Sell the Property

Reshan Tariq

KW United License #0225250961 Listed on: 02/24/2022

KW United

Last Buyer's Agent

Carla Criscuolo

Coldwell Banker Elite License #0225053643

Coldwell Banker Elite

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,459

Year Built

  • Built in 2009

Lot Details

  • 0.47 Acre Lot
  • Property is zoned R1

HOA Fees

  • $67 Monthly HOA Fees

Parking

  • Driveway

Home Design

  • Traditional Architecture
  • Vinyl Siding

Interior Spaces

  • 1,456 Sq Ft Home
  • Property has 2 Levels
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • On Site Septic

Listing and Financial Details

  • Tax Lot 37
  • Assessor Parcel Number 23A 3 37

Community Details

Overview

  • Association fees include common area maintenance, pool(s), recreation facility
  • Presidential Lakes Property Owners Association, Phone Number (540) 775-7000
  • Presidential Lakes Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,459

Year Built

Built in 2009

Lot Details

0

HOA Fees

$67 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Architectural Style: Traditional
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Lower 1, Main
  • Expected On Market: 2022-02-24
  • Year Built: 2009
  • Automatically Close On Close Date: No
  • Remarks Public: Just listed! Welcome to your new SINGLE FAMILY (2009) home in the heart of King George County- Presidential Lakes Community! Spacious Two Level Modern finishes, Open Concept with 3 Bedroom, 2 Full Bathroom. The owner gave this property a lot of love and did not spare on any detail like the Hardwood Flooring (2022) or the Crown Molding (2022) and many other quality finishes! Spend time relaxing with guest on the Main level with a spacious living and dining area and wood burning Fireplace, while enjoying cooking great cuisines in your MODERN Updated KITCHEN (2022) with New Appliances (2022) and Granite Countertop! Large high quality/energy efficient Windows and Sliding Door give you plenty of access to Natural Sunlight and a great view to your .47 Acre Lot! Escape to your Master Bedroom Suite with a luxury Bathroom and large closet! Plenty of large storage area in Basement and walk-in closets and easy access to the Laundry and Dryer on the 1st level! Step out to your spacious yard to have a master's view your own private escape for gardening while Barbecuing on your large 4+ Car Wide Driveway and New Concrete Sidewalk (2022)! Conveniently located close to direct commuter routes, Routes 3 Kings Hwy, Quick Access to City of Fredericksburg, 95, and 20 Minuets away from VRE Train connection! Don’t forget the activities that you’ll have access to through the exclusive Presidential Lakes Recreation amenities (Lake Jefferson Nature hike, pool, multi-purpose courts, and fitness athletic fields and Picnic Areas).
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Levels Count: 2
  • Basement: Yes
  • Basement Type: Full
  • Total Sq Ft: 1456
  • Living Area Sq Ft: 1456
  • Price Per Sq Ft: 226.65
  • Above Grade Finished Sq Ft: 1456
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 7525

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Main Level Bathrooms: 2.00
  • Main Level Full Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Type Of Parking: Driveway

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: On Site Septic
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 805.00
  • HOA Fee Frequency: Annually
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Pool(s), Recreation Facility
  • HOA Name: PRESIDENTIAL LAKES PROPERTY OWNERS ASSOCIATION
  • HOA Phone: (540) 775-7000
  • HOA: Yes
  • Senior Community: No
  • Association Recreation Fee: No

Schools

  • School District: KING GEORGE COUNTY SCHOOLS
  • School District Key: 121138110047
  • School District Source: Listing Agent

Green Features

  • Clean Green Assessed: No

Lot Info

  • Improvement Assessed Value: 148800.00
  • Land Assessed Value: 51000.00
  • Land Use Code: 2
  • Lot Size Acres: 0.47
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 20386.00
  • Year Assessed: 2021
  • Zoning: R1
  • In City Limits: No

Rental Info

  • Vacation Rental: No
  • Property Manager: No

Tax Info

  • Assessor Parcel Number: 16259602
  • Tax Annual Amount: 1459.00
  • Assessor Parcel Number: 23A 3 37
  • Tax Lot: 37
  • Tax Page Number: 19
  • Tax Total Finished Sq Ft: 1456
  • County Tax Payment Frequency: Annually
  • Tax Year: 2021
  • Close Date: 03/22/2022

MLS Schools

  • School District Name: KING GEORGE COUNTY SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2022
Closed on
Mar 22, 2022
Sold by
Gar Real Estate Investment Group Llc
Bought by
Ponder Robert Isaac and Ponder Kathryn Diane
Seller's Agent
Reshan Tariq
KW United
Buyer's Agent
Carla Criscuolo
Coldwell Banker Elite
List Price
$329,999
Sold Price
$350,000
Premium/Discount to List
$20,001
6.06%
Current Estimated Value
$385,582

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,582
Avg. Annual Appreciation
2.95%
Original Mortgage
$250,000
Outstanding Balance
$234,258
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$151,324

Purchase Details

Listed on
Feb 24, 2022
Closed on
Jan 25, 2022
Sold by
Posey Sharonda K
Bought by
Gar Real Estate Investment Gro
Seller's Agent
Reshan Tariq
KW United
Buyer's Agent
Carla Criscuolo
Coldwell Banker Elite
List Price
$329,999
Sold Price
$350,000
Premium/Discount to List
$20,001
6.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Outstanding Balance
$234,258
Interest Rate
3.69%
Mortgage Type
New Conventional
Estimated Equity
$151,324

Purchase Details

Closed on
Mar 3, 2009
Sold by
Burrell & Estes Homes Inc
Bought by
Posey Stephen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,536
Interest Rate
5.14%
Mortgage Type
VA

Purchase Details

Closed on
May 31, 2005
Sold by
Eastern Virginia Land Co
Bought by
Burrell And Estes Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,130
Interest Rate
5.83%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 17, 2005
Sold by
Wood Alice
Bought by
Mcallister John
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $350,000 Chicago Title
Special Warranty Deed $205,000 New Title Company Name
Warranty Deed $228,536 --
Warranty Deed $44,990 --
Warranty Deed $1,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $250,000 New Conventional
Previous Owner $236,400 New Conventional
Previous Owner $207,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $228,536 VA
Previous Owner $47,130 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/22/2022 03/22/22 Sold $350,000 +6.1% $240 / Sq Ft
02/28/2022 02/28/22 Pending -- -- --
02/24/2022 02/24/22 For Sale $329,999 -- $227 / 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
2024 $2,105 $309,500 $60,000 $249,500
2023 $2,105 $309,500 $60,000 $249,500
2022 $1,981 $305,000 $60,000 $245,000
2021 $1,459 $199,800 $51,000 $148,800
2020 $1,399 $199,800 $51,000 $148,800
2019 $1,399 $199,800 $51,000 $148,800
2018 $1,399 $199,800 $51,000 $148,800
2017 $1,336 $190,900 $51,000 $139,900
2016 $1,298 $190,900 $51,000 $139,900
2015 -- $190,900 $51,000 $139,900
2014 -- $190,900 $51,000 $139,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: VAKG2001294

Bright MLS

APN: 23A-3-37