12 Wallace Farms Ln
Fredericksburg, VA 22406
5 bd 4 ba 5,097 sqft Built 1991 Lot 157,891 sqft single_family
Most recent sale
$745,000
Jun 2, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 2, 2022 | Sold | $745,000 | MLS #VAST2010370 |
| Apr 21, 2022 | Listed | $744,900 | MLS #VAST2010880 |
| Jun 11, 2020 | Sold | $599,900 | MLS #VAST220772 |
| Apr 10, 2020 | Listed | $599,900 | MLS #VAST220772 |
| Mar 8, 2020 | Price changed | $619,000 | MLS #VAST217386 |
| Feb 15, 2020 | Price changed | $629,000 | MLS #VAST217386 |
| Jan 19, 2020 | Price changed | $639,000 | MLS #VAST217386 |
| Dec 25, 2019 | Listed | $649,000 | MLS #VAST217386 |
| Sep 30, 2019 | Sold | $395,000 | MLS #VAST213674 |
| Sep 16, 2019 | Price changed | $532,475 | MLS #VAST213674 |
| Aug 25, 2019 | Price changed | $560,500 | MLS #VAST213674 |
| Jul 28, 2019 | Listed | $590,000 | MLS #VAST213674 |
| Oct 20, 2004 | Sold | $610,000 | Public Record |
| Dec 1, 1992 | Sold | $401,100 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $600,500 | $160,000 | $760,500 | $7,123 |
| 2024 | $600,500 | $160,000 | $760,500 | $6,895 |
| 2023 | $495,100 | $145,000 | $640,100 | $6,048 |
| 2022 | $495,100 | $145,000 | $640,100 | $5,440 |
| 2021 | $447,700 | $130,000 | $577,700 | $5,604 |
| 2020 | $447,700 | $130,000 | $577,700 | $5,603 |
| 2019 | $396,000 | $130,000 | $526,000 | $5,312 |
| 2018 | $396,000 | $130,000 | $526,000 | $5,207 |
| 2017 | $396,000 | $130,000 | $526,000 | $5,207 |
| 2016 | $396,000 | $130,000 | $526,000 | $5,207 |
| 2015 | $355,600 | $130,000 | $485,600 | $4,948 |
| 2014 | $355,600 | $130,000 | $485,600 | $4,948 |
| 2013 | $355,600 | $120,000 | $475,600 | $5,088 |
| 2012 | $355,600 | $120,000 | $475,600 | $5,088 |
| 2011 | $331,400 | $120,000 | $451,400 | $4,875 |
| 2010 | $331,400 | $120,000 | $451,400 | $4,965 |
| 2009 | $401,300 | $215,000 | $616,300 | $5,176 |
| 2008 | $401,300 | $215,000 | $616,300 | $5,176 |
| 2007 | $536,100 | $162,400 | $698,500 | $4,889 |
Property facts
Year built
1991
Property type
single_family
Stories
3
Beds
5
Baths
4
Living area
5,097 sqft
Lot size
157,891 sqft
ZIP code
22406
City
Fredericksburg
Street
Wallace Farms Ln
Coordinates
38.37536, -77.49472
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$7,646
Gross rental yield
12.32%
Implied cap rate
8.01%
Trend-extrapolated value
—
Frequently asked questions
When did 12 Wallace Farms Ln last sell?
12 Wallace Farms Ln most recently sold on Jun 2, 2022 for $745,000.
What is the current tax assessment for 12 Wallace Farms Ln?
The most recent total assessment for 12 Wallace Farms Ln (year 2025) is $760,500 with $7,123 in property tax.
How does 12 Wallace Farms Ln's assessment compare to its last sale price?
The current assessment is 2.1% above the last sale price of $745,000.
When was 12 Wallace Farms Ln built?
12 Wallace Farms Ln was built in 1991.
How does 12 Wallace Farms Ln compare to others on Wallace Farms Ln?
We track 4 other properties on Wallace Farms Ln. Browse the list under "Other properties on Wallace Farms Ln" to compare beds, baths, and sale history.
What are the property facts for 12 Wallace Farms Ln?
12 Wallace Farms Ln is a 5 bed, 4 bath, 5,097 sqft, 157,891 sqft lot single_family.
Is 12 Wallace Farms Ln a flip candidate?
Yes — 12 Wallace Farms Ln appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 12 Wallace Farms Ln a tax-appeal candidate?
No — 12 Wallace Farms Ln is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+4.7%
Implied 1-yr
+18.7%
2026 Q3
$782.7K
2026 Q4
$810.8K
ZIP 22406 — Median Price History + Forecast
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Geography
Other properties on Wallace Farms Ln