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!
Under contract
$419,000
7462 Buchanan Dr, King George, VA 22485
3beds
3,136sqft
Single Family Residence
Built in 2001
0.61 Acres Lot
$417,400 Zestimate®
$134/sqft
$113/mo HOA
What's special
Office areaPeaceful wooded surroundingsLaundry roomNewer pergo flooring
- 18 days
- 686
- 45
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Marie Sexton 540-322-9560,
Real Broker, LLC 8504500442
Source: Bright MLS,MLS#: VAKG2008940
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Basement
- Area: 1568
Heating
- Heat Pump, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Electric Water Heater
- Laundry: Main Level
Features
- Bathroom - Tub Shower, Ceiling Fan(s), Kitchen - Table Space, Primary Bath(s), Family Room Off Kitchen, Entry Level Bedroom, Other
- Basement: Finished,Walk-Out Access,Exterior Entry
- Has fireplace: No
Interior area
- Total structure area: 3,136
- Total interior livable area: 3,136 sqft
- Finished area above ground: 1,568
- Finished area below ground: 1,568
Property
Parking
- Parking features: Driveway
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck
- Pool features: Community
- Waterfront features: Canoe/Kayak, Lake
Lot
- Size: 0.61 Acres
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 23A347
- Zoning: R-1
- Special conditions: Standard
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch/Rambler
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter
- Roof: Architectural Shingle
Condition
- New construction: No
- Year built: 2001
Utilities & green energy
- Sewer: On Site Septic
- Water: Public
Community & HOA
Community
- Subdivision: Presidential Lakes
HOA
- Has HOA: Yes
- HOA fee: $1,350 annually
- HOA name: PRESIDENTIAL LAKES POA
Location
- Region: King George
Financial & listing details
- Price per square foot: $134/sqft
- Tax assessed value: $350,400
- Annual tax amount: $2,383
- Date on market: 9/26/2026
- Listing agreement: Exclusive Right To Sell
- Listing terms: Assumable,FHA,USDA Loan,VA Loan,VHDA,Conventional,Cash
- Ownership: Fee Simple
- Road surface type: Paved
Estimated market value
$417,400
$397,000 - $438,000
$2,623/mo
Price history
| Date | Event | Price |
|---|---|---|
| 10/14/2026 | Contingent | $419,000$134/sqft |
Source: | ||
| 9/26/2026 | Listed for sale | $419,000+33%$134/sqft |
Source: | ||
| 9/19/2025 | Listing removed | $2,600$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/5/2025 | Price change | $2,600-1.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 8/11/2025 | Listed for rent | $2,650+10.4%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/5/2024 | Listing removed | $2,400$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/2/2024 | Listed for rent | $2,400$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/19/2021 | Sold | $315,000+125%$100/sqft |
Source: | ||
| 9/14/2001 | Sold | $140,000$45/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2023 | $2,383 -2.9% | $350,400 |
| 2022 | $2,453 +33.9% | $350,400 +39.6% |
| 2021 | $1,832 +4.3% | $251,000 |
| 2020 | $1,757 | $251,000 |
| 2018 | $1,757 | $251,000 +8.5% |
| 2017 | -- | $231,400 |
| 2016 | -- | $231,400 |
| 2015 | -- | $231,400 |
| 2014 | -- | $231,400 -7.8% |
| 2013 | -- | $251,000 |
| 2012 | -- | $251,000 |
| 2011 | -- | $251,000 |
| 2010 | -- | $251,000 -21.5% |
| 2009 | -- | $319,700 +1.1% |
| 2007 | -- | $316,200 |
| 2006 | -- | $316,200 +92.8% |
| 2005 | -- | $164,000 |
| 2004 | -- | $164,000 |
| 2003 | -- | $164,000 |
| 2002 | -- | $164,000 +1071.4% |
| 2001 | -- | $14,000 |
| 2000 | -- | $14,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 22485
Nearby schools
Schools provided by the listing agent
- District: King George County Public Schools
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





