703 Prince Edward Street
Fredericksburg, VA 22401
- 5 beds
- 2 baths
- 2,400 sqft
- 4,791 sqft lot
- $229 per sqft
- 1889 build
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Welcome to 703 Prince Edward Street, a charming duplex located in the heart of historic downtown Fredericksburg, offering both investment potential and residential appeal. Zoned CD (Commercial Downtown), this property is currently configured as two units: a 2-bedroom on the main level and a 3-bedroom on the upper floors, generating $2,800 in monthly rental income from long-term tenants, with leases and deposits to be assigned to the purchaser at settlement. Buyers can explore various options, from continuing its use as an investment property to converting it back into a single-family home or even living in one unit while renting out the other. The property holds great potential for value-add improvements, making it a versatile opportunity for investors or homeowners. Located in a vibrant, community-centered town, residents enjoy easy access to restaurants, boutique shopping, craft and farmers markets, and year-round cultural events. Commuters benefit from proximity to the VRE, Amtrak, and I-95, offering convenient access to Washington D.C., Northern Virginia, and Richmond. Embrace the benefits of living in a historic town with a rich sense of community, while also tapping into Fredericksburg’s strong rental market. This is an exceptional chance to own a piece of history and make it your own. Don’t miss out on this opportunity—schedule your showing today!
Listing courtesy of BRIGHT / Coldwell Banker Elite
Last checked:
Checking…
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Last updated Nov 12, 2024
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MLS# VAFB2006764 —
The Building
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Year Built:1889
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Year Built Source:Estimated
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New Construction:No
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Construction Materials:Composition
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Structure Type:Detached
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Levels:2
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Architectural Style:Craftsman
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Accessibility Features:None
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Foundation Details:Brick/Mortar
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Basement:No
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Total SqFt Source:Estimated
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Total Below Grade SqFt Source:Assessor
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Above Grade Finished Area Units:Square Feet
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Above Grade Finished SqFt:2400
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Above Grade Finished SqFt Source:Estimated
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Below Grade Finished Area Units:Square Feet
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Below Grade Unfinished Area Units:Square Feet
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Below Grade Finished SqFt Source:Assessor
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Below Grade Unfinished SqFt Source:Assessor
Interior
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Interior Features:Kitchen - Table Space
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Fireplace:No
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:2400
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Living Area SqFt:2,400 Sqft
Financial & Terms
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Sale Type:Standard
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Buyer Financing:Cash
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Possession:Settlement
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Lease Considered:No
Location
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Directions:Located in Historic Downtown Fredericksburg with its unique blend of historical charm and modern amenities. From I-95 take Route 3 East to Fredericksburg. Left on William Street. Right on Prince Edward Street, property is on your left.
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Latitude:38.29996000
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Longitude:-77.46089000
The Property
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Property Type:Residential
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Lot Size Units:Square Feet
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Lot Size Acres:0.11
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Lot Size Source:Estimated
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Lot SqFt:4,791 Sqft
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Exclusions:Tenant's Personal Property will include Ring Doorbell and Tenant's plants/personal items in the yard.
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Zoning:CD
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In City Limits:Yes
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Other Structures:Above Grade, Below Grade
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Water View:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (540) 373-0100
- Office phone:
- (540) 373-0100
Taxes
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Tax ID Number:7789-13-1937
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Tax Year:2022
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Tax Lot:296
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Tax Annual Amount:$3,465
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Tax Assessed Value:$417,500
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Year Assessed:2022
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City/Town Tax:3465.00
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Total Taxes Payment Frequency:Annually
Beds
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Bedrooms:5
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Bedrooms Main Level:2
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Upper Level Bedrooms:3
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Upper Level 1 Bedrooms:2
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Bedrooms Upper Level:1
Baths
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Total Baths:2
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Full Baths:2
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Main Level Baths:1.00
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Main Level Full Baths:1
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Upper Level Full Baths:1
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Upper Level Total Baths:1
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Upper Level Total Baths:1.00
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Upper Level Full Baths:1
The Listing
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Close Sale Type:Standard Sale
Heating & Cooling
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Cooling Type:Window Unit(s)
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Hot Water
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Heating Fuel:Other
Utilities
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Sewer/Septic:Public Sewer
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Hot Water:Electric
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Water Source:Public
Schools
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School District Name:Fredericksburg City Public Schools
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School District Source:Listing Agent
The Community
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Subdivision Name:None Available
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Senior Community:No
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Pool:No Pool
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HOA:No
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Condo/Coop Association:No
Parking
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Garage:No
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Type of Parking:On Street
Extra Units
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Vacation Rental:No
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
11/8/24
Nov 8, 2024
|
BRIGHT | $550,000 | -12.0% | |
10/3/24
Oct 3, 2024
|
BRIGHT | |||
9/15/24
Sep 15, 2024
|
BRIGHT |