For sale

Price cut: $25K (10/10)

$525,000

121 Forbes St, Fredericksburg, VA 22405

5beds

3,000sqft

$3,431/mo

Get pre-qualified

Single Family Residence

Built in 2020

0.32 Acres Lot

$524,700 Zestimate^®

$175/sqft

$-- HOA

What's special

Full privacy fenceThree finished levelsGranite countertopsBackyard backs to treesFirepit areaFive bedroomsNew full-size deck

JUST REDUCED to $525,000! Five bedrooms, three and a half baths, and three finished levels in a 2020-built Colonial on a 0.32-acre lot, with a Fredericksburg address. Inside, the kitchen has granite countertops and stainless steel appliances. Four bedrooms and the laundry are on the upper level, and the primary bath has a soaking tub and a separate shower. The finished lower level brings you to 3,000 finished square feet in all. Outside, the backyard backs to trees and has a full privacy fence, a new full-size deck, a poured concrete patio, and a firepit area. A 2-car attached garage handles parking and storage. You're minutes from downtown Fredericksburg's restaurants and shops, I-95, the Leeland Road VRE, Mary Washington Hospital, and Central Park shopping. At $525,000, this is a lot of newer home for the money. Schedule your showing today!

106 days
624
61

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 5
Bathrooms: 4
Full bathrooms: 3
1/2 bathrooms: 1
Main level bathrooms: 1

Basement

Area: 800

Heating

Forced Air, Electric

Cooling

Central Air, Electric

Appliances

Included: Electric Water Heater

Features

Basement: Full
Has fireplace: No

Interior area

Total structure area: 3,000
Total interior livable area: 3,000 sqft
Finished area above ground: 2,200
Finished area below ground: 800

Property

Parking

Total spaces: 2
Parking features: Garage Faces Front, Attached
Attached garage spaces: 2

Accessibility

Accessibility features: None

Features

Levels: Three
Stories: 3
Pool features: None

Lot

Size: 0.32 Acres

Details

Additional structures: Above Grade, Below Grade
Parcel number: 53 107A
Zoning: R1
Special conditions: Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Colonial
Property subtype: Single Family Residence

Materials

Vinyl Siding
Foundation: Permanent

Condition

New construction: No
Year built: 2020

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: None Available

HOA

Has HOA: No

Location

Region: Fredericksburg

Financial & listing details

Price per square foot: $175/sqft
Tax assessed value: $521,800
Annual tax amount: $4,888
Date on market: 7/3/2026
Listing agreement: Exclusive Right To Sell
Ownership: Fee Simple

Estimated market value

$524,700

$498,000 - $551,000

$3,222/mo

Price history

Date	Event	Price
10/10/2026	Price change	$525,000-4.5%$175/sqft
Source: Bright MLS #VAST2050392 Report a problem
8/29/2026	Price change	$550,000-4.3%$183/sqft
Source: Bright MLS #VAST2050392 Report a problem
7/27/2026	Price change	$575,000-4.2%$192/sqft
Source: Bright MLS #VAST2050392 Report a problem
7/3/2026	Listed for sale	$600,000+62.2%$200/sqft
Source: Bright MLS #VAST2050392 Report a problem
6/22/2020	Sold	$370,000$123/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,819 +3.4%	$521,800
2024	$4,663 +14.1%	$521,800 +14.6%
2023	$4,086 +5.6%	$455,300
2022	$3,870 +23.8%	$455,300 +41.3%
2021	$3,125	$322,200
2020	--	$322,200 +395.7%
2019	$657	$65,000