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Off market
  • $611,500

    7 Wallace St, Lexington, VA 24450

    5beds
    3baths
    1,882sqft
    SingleFamily
    Built in 1962
    0.34 Acres Lot
    $611,500 Zestimate®
    $325/sqft
    $1,952 Estimated rent

    Home value

    $611,500

    $575,000 - $654,000

    $1,952/mo

    Zestimate® history
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    $3,679/mo

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    $3,679/mo

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    What's special

    See for yourself how this house shows contemporary flair while being a true sanctuary nestled among the stately homes that comprise this Lexington City neighborhood.This is a peaceful place.Designed for efficiency, comfort, low maintenance, with European influences, it is two houses in from south Main St., but you wouldn’t know it. The bamboo privacy walls completely shield and block this sanctuary from the gentle hustle and bustle of Lexington. The established perennial landscaping sends waves of color around the property while the stone-walled garden is its focal point.Double driveways & 2 carports make household car parking easy to manage and plenty of parking when entertaining.Between the carport and cottage there are 3 outdoor closets designed to make the chores that come with owning a home as organized and easy as possible. The largest is a tool room and workshop. One is for lawnmower, other landscaping equipment and gardening supplies. There is a closet in the carport that makes handling household trash and recycling easy. And there is a woodshed attached to keep wood dry for the fireplaces and woodstove.The cottage that overlooks the garden . . .is currently the home office/ studio of an interior designer. It’s warm tones and textured wall to wall carpet make this a comfortable and creative space, with air conditioning and heat. But the woodstove makes it cozy.Upon entering the main house one realizes that this is a home in Lexington unlike any other.The owners have created a décor that matches what the architecture presents. The color scheme, the textures, the simplicity, all lend the ample space a definite feeling of warmth, sophistication and tranquility. You’ve got to feel it for yourself. Circulating hot water, gas fueled heat adds to that warmth when needed. There is a whole-house venting system that works in conjunction with the air conditioning when the weather is hot.Throughout the house there are many well thought out storage compartments. The kitchen is a Poggenpohl design. It includes “roll top” appliance bays, 2 “lazy susan” rotating cabinets, slide out pantry, a pull out extra counter/ serving table, several additional storage components, as well as a slide out step ladder for easy access. One bedroom has a custom made wall of cabinetry that includes a Murphy bed, which allows for use of the room as a library and occasional use as a guest bedroom. This room also includes a crafter’s closet with pull down work table.Attractive Guest ApartmentThe downstairs in this home is independently complete, furnished and decorated to accommodate flexible usage. It has been a guest quarters for visiting family and it has been rented to law students, professors, and professionals. One bedroom has been an attractive art studio and accesses a screened room with separate entrance.The contemporary flavor of this private estate is unique among the stately homes in this Lexington neighborhood. Because the current décor seems so suitable, most of the furnishings and accessories are available and negotiable.   NOTE: To see all photos on one page, just click on PRINT FLYER button at right.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    Heating
    • Other
    Cooling
    • None
    Features
    • Flooring: Softwood
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 1,882 sqft

    Property

    Parking
    • Parking features: Garage - Attached
    Features
    • Exterior features: Other
    Lot
    • Size: 0.34 Acres
    Details
    • Parcel number: 28171A

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Frame
    • Foundation: Concrete Block
    • Roof: Composition
    Condition
    • Year built: 1962

    Community & neighborhood

    Location
    • Region: Lexington

    Price history

    DateEventPrice
    3/8/2022Sold$480,000+24.7%$255/sqft
    Source: Public Record Report a problem
    3/1/2011Sold$385,000$205/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $438,700
    2024-- $438,700
    2023-- $438,700 +1.5%
    2022-- $432,300 +38.1%
    2021-- $313,000
    2020-- $313,000
    2018-- $313,000 +16.2%
    2017-- $269,300
    2016-- $269,300
    2015-- --
    2014-- --
    2013-- --
    2012-- --
    2011-- --
    2010-- --

    Find assessor info on the county website

    Neighborhood: 24450

    Nearby schools

    GreatSchools rating
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    Sell for more on Zillow
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    $611,500
    2% more
    +$12,230
    With Zillow Showcase(estimated)
    $623,730