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7462 Buchanan Dr , King George, VA 22485
$419,000
Est. Payment: $2,195.09/mo
3 Bed
2 Bath
3136 Sqft
0.61 Acres
Status: active | Days on site: 19
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House Description

Back on the market due to no fault on the seller! RARE OPPORTUNITY — ASSUMABLE 3% FHA LOAN! Take advantage of an incredible opportunity to assume the seller’s 3% FHA mortgage with an approximate remaining loan balance of $269,000, subject to lender approval and FHA assumption requirements. WELCOME HOME TO PRESIDENTIAL LAKES! With approximately 3,136 square feet, this spacious 3-bedroom, 2-full-bath home offers plenty of room to spread out, entertain, work from home, and enjoy the lake-community lifestyle! The main level features 3 bedrooms, 2 full bathrooms, an office area, laundry room, open living room, spacious kitchen with table space, and newer Pergo flooring. Sliding glass doors lead to a wooden deck overlooking the backyard, where you can relax and enjoy the peaceful, wooded surroundings. And there’s even more space downstairs! The full finished basement features a large open recreation area plus two additional rooms offering endless possibilities for a home office, gym, media room, hobby space, storage, or NTC bedroom space. A set of double doors provides a convenient walk-out entrance/exit on the side of the home. Major updates add even more value, including a roof that is only approximately 2 years old, a newer water heater, and recently serviced HVAC. Outside, the paved circular driveway provides plenty of parking and easy access. But this home is about more than just the house — it’s the LIFESTYLE! Presidential Lakes offers access to three lakes, perfect for fishing, canoeing, kayaking, or simply enjoying the outdoors. Community amenities include a swimming pool, clubhouse, basketball courts, tennis court, tot playground, children's playground, picnic pavilions, beach and walking trails. LIVE LIKE YOU’RE ON VACATION YEAR-ROUND! Enjoy the peaceful lake-community setting while remaining convenient to shopping, schools, restaurants, the U.S. Post Office, and commuter routes. The home is approximately 12 miles from Dahlgren, 15 miles from US-301, 18 miles from Fredericksburg and I-95, and 43 miles from Quantico. SPACE. AMENITIES. LAKE LIFE. AND A 3% ASSUMABLE FHA LOAN — opportunities like this don’t come along every day!

Highlights

Listed by Marie A Sexton , 5403229560 Real Broker, LLC , 8554500442. Bright MLS

Property Type

Residential

Lot/Acreage
0.61

HOA Fee

1350 Annually

Year Built

2001

County

King George

Neighborhood

Presidential Lakes

School District

King George County Public Schools

Listing ID

VAKG2008940

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:2
  • ▪ Full Bathrooms:2
Air Cond:Central A/C
Fireplaces:
Above Ground Sq Ft:1568
Below Ground Sq Ft:1568
Basement:Fully Finished,Walkout Level,Outside Entrance
Other:
  • ▪ Main Floor Bedrooms:3
  • ▪ Additional:Bathroom - Tub Shower, Ceiling Fan(s), Kitchen - Table Space, Primary Bath(s), Family Room Off Kitchen, Entry Level Bedroom
Water:Public

Exterior Features

Lot:Canoe/Kayak,Not New Construction,Horse Property: No
Zoning:R-1
Roof:Architectural Shingle
Sewer:On Site Septic
Parking Features:Paved Driveway,Driveway
Principal Interest
$2,195
Taxes
$199
HOA
$1,350

Home Price

$419,000

Loan Details

30 yrs
6.844%

Down Payment

20%
$83,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,195.09

Principal

Taxes

HOA

Principal Taxes HOA Total
Monthly $2,195.09 $198.58 $1,350.00 $3,743.67
Yearly $26,341.04 $2,383.00 $16,200.00 $44,924.04
Total $790,231.17 $71,490.00 $486,000.00 $1,347,721.17
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (King George, VA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T09:11:29.000Z

© 2026 Bright MLS