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$1,500,000

Beds
3
Baths
3.0
sq ft
5,500

2426 Prospect Hill Ln, Fredericksburg, VA 22408

2426 Prospect Hill Ln

FREDERICKSBURG, VA 22408

  • Pending
    • Price drop $175,000↓
Prospect Hill is a Georgian Colonial brick house built in 1842 by Basil Gordon, a nephew of a wealthy merchant from Falmouth. Situated on a prominent hill overlooking the Rappahannock River Valley, the 70 ac property is just min from Fredericksburg, yet very private. The 5,000 sq ft Flemish-bond brick manor house was completely renovated in 1986 keeping in place all of its original wood work, and heart pine floors. The center hall which measures 10'x38', has floor boards that run the whole length, with no breaks. From the hall the visitor is drawn to the beautiful curved staircase and to the ornate fanned transom over the front door. Also on the first floor, Living rm (18'x20'), Dining rm (16'x18'), Library (16'x18'), kitchen (16'x18'), all with 11' ceilings, and a full bathroom. The current owners added a period matching addition which connects a large family rm through the kitchen. On the second floor there is the master suite, with large bath, two additional bedrms, and a full bath. The partially finished English basement includes an office/bedrm, wine cellar, laundry, utility and storage rooms. Other improvements include a detached 3 bay garage, workshop, kennel, garden sheds, and formal gardens designed by Gordon Chapel.,Fireplace in Bedroom,Fireplace in Dining Room,Fireplace in Living Room,Fireplace in Study/Library

Details

Property type

Single Family Residence

Est. home value

$1,043,809

Lot size

70.66 acres

Price per sq ft

$273

Year built

1842

Annual property taxes

$6,095

HOA

No

Price History

09/16/2024
Bright

Bright #648803

Pending
$1,500,000
08/30/2024
Bright

Bright #648803

Price change
$1,500,000
-10.45%
01/17/2024
Bright

Bright #648803

Listed
$1,675,000

Schools & Community

Elementary school: 

BOWLING GREEN

Middle school: 

CAROLINE

High school: 

CAROLINE

School district: 

CAROLINE COUNTY PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Atlantic Union Bank

Loan start date

June 2023

Original loan amount

$188,100

Est. remaining balance

Not provided

Interest rate

6.43%

Loan type

Credit Line (Revolving), 30 year

Seller

Barbara P Muir

Lender

Pnc Bank Na

Loan start date

March 2010

Original loan amount

$300,000

Est. remaining balance

Not provided

Interest rate

4.97%

Loan type

Credit Line (Revolving)

Seller

W Angus Muir and Barbara P Muir

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Pending/Under Contract

Tomo last checked: 10/04/2024 at 8:10 PM

Listing updated: 09/16/2024 at 2:36 PM

Listed by: JUSTIN H. WILEY, WILEY REAL ESTATE-ORANGE Phone #: (540) 672-3903

MLS: Bright #648803

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