Many uses for this C3 piece of ground - perfect investment- buy now and build or buy and hold - please see attached list of uses. Location to commuter rail and I-95 is less than a mile away. This is one of three lots available for sale. All three properties have signs on them. Several established business' in the Commonwealth Industrial Park.
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,041
Per Month
Principal & Interest
$974
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$651
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Parkside Elementary School
5620 Smith Station Rd
Distance between this listing and this school1.59 miles
Public District Grades PK-5
7
/10
Courthouse Rd Elementary School
9911 Courthouse Rd
Distance between this listing and this school2.33 miles
Public District Grades PK-5
6
/10
Courtland Elementary School
6601 Smith Station Rd
Distance between this listing and this school2.39 miles
Public District Grades PK-5
Nearby Schools
4
/10
Battlefield Middle School
11120 Leavells Rd
Distance between this listing and this school3.49 miles
Public District Grades 6-8
3
/10
Walker-Grant Middle School
1 Learning Ln
Distance between this listing and this school4.20 miles
Public District Grades 6-8
4
/10
Spotsylvania Middle School
8801 Courthouse Rd
Distance between this listing and this school4.22 miles
Public District Grades 6-8
Nearby Schools
3
/10
Massaponax High School
8201 Jefferson Davis Hwy
Distance between this listing and this school2.39 miles
Public District Grades 9-12
4
/10
Courtland High School
6701 Smith Station Rd
Distance between this listing and this school2.40 miles
Public District Grades 9-12
2
/10
Chancellor High School
6300 Harrison Rd
Distance between this listing and this school4.50 miles
The neighbors living near this home have an average income of $89,250. Most Fredericksburg, VA residents have annual incomes between $35k-100k. Residents typically live in married, with kids family. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5112 Commonwealth Dr
What is the listing price of this property?
The listing price of 5112 Commonwealth Dr property is $195,000.
What type of property is this?
The property 5112 Commonwealth Dr is land located in Fredericksburg, Virginia, 22407.
Is this property for sale now?
Active Listing: 5112 Commonwealth Dr is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $685 (source: MLS/based on county public records data).
How much acreage is this property?
The property 5112 Commonwealth Dr is 0.37 acres.
Interested in 5112 Commonwealth Dr? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 5112 Commonwealth Dr in Fredericksburg, VA and zip code 22407. This home sits on a 0.37 acre lot. It has been listed on Rocket Homes since August 15, 2024 and is currently priced at $195,000.
Over 54 listings were sold over their listed price in October 2024 in Fredericksburg, VA. In the same period over 76 listings were sold below the listed price and 83 listings were sold for the listed price. The number of homes for sale in Fredericksburg, VA increased by 8.1% between September 2024 and October 2024. In October 2024, listings were on the market for 25 days. During the same period, the median list price in this real estate market was $449,951.
From Rocket Homes Real Estate and based on county public records data.