No photo available
$129,900 Just Listed
Property Description
Historic Early 1900s Cottage in Falmouth - Investor Opportunity! Bring your vision to this charming early 1900s cottage located in historic Falmouth, just minutes from downtown Fredericksburg, I-95, shopping, dining, and entertainment! Situated on approximately 1/8 acre, this 400-square-foot property offers a unique renovation opportunity for investors and experienced renovators. The existing structure features a concrete block foundation, a roof less than 10 years old, and a stable structure ready for improvements. The current layout includes one bedroom, a living room, kitchen, and space to create a bathroom and laundry area. Public water and sewer connections are available, and electric service is connected. Grandfathered R-1 residential zoning, offering potential for restoration and renovation, subject to Stafford County requirements and approvals. Cash offers only. Property is being sold strictly AS-IS / WHERE-IS. Buyers are encouraged to perform their own due diligence regarding zoning, utilities, renovations, and permitted uses. A rare opportunity to bring new life to a piece of Falmouth history! Schedule your showing today! Some interior photos virtually staged to remove clutter.
Full Property Details
Full Property Details for 71 Pegs Ln
General
- Price: $129,900
- Taxes: $1,614 (2026)
- Status: Active
- Type: Single Family
- Source: BrightMLSMidAtlantic
- MLS ID: VAST2054476
- Updated: 10/9/2026
- Added to Site: 1 day(s) ago
Interior
- Number of Rooms: 4
- Interior Features: Floor Plan - Traditional, Wood Floors
- Flooring: Wood
Rooms
Bedrooms
- Total Bedrooms: 1
- Bedrooms Main & Up: 1
Exterior
- Porch/Patio/Deck: Porch(es)
Parking
- Parking Type: Driveway
Location
- County: STAFFORD
- Subdivision: HISTORIC FALMOUTH
- Driving Directions: From Cambridge St. Turn onto Truslow Rd. Turn left on Kelley Rd. Turn right on Pegs Ln.
School Information
- School District: Stafford County Public Schools
Community
- Pets Allowed: Yes
- Pets: No Pet Restrictions
Heating & Cooling
- Cooling Type: None
- Heating Type: None
- Heating Fuel: Natural Gas Available
- Water Heater: None
Utilities
- Sewer: Public Hook/Up Avail
- Water: Public Hook-up Available
- Utility Description: Electric Available, Water Available, Sewer Available
Structural Information
- Architectural Style: Cottage
- Structure Type: Detached
- Construction: Block, Concrete
- Foundation: Block
- Roof: Shingle
- Stories Description: Main
- Square Feet: 400
- Sq. Ft. Source: Assessor
- Living Area: 400 Sq. Ft.
- Finished Above Grnd: 400 Sq. Ft.
- Year Built: 1900
- Year Built Source: Assessor
- Property Condition: Major Rehab Needed
Additional Structures
- Other Structures: Shed
Lot Features
- Lot Size (Acres): 0.16
- Lot Size (Sq. Ft.): 6,860
- Lot Size Source: Assessor
- Zoning: R1
- Lot Description: Front Yard, Road Frontage
Financial Considerations
- Price Per Sq. Ft.: $324.75
- Assessment Year: 2026
- City/TownTax Freq: Annually
- County Tax: $1,591
- County Tax Freq: Annually
- Tax w/Assessment: $164,400
- Tax Amount: $1,614
- Tax Year: 2026
Disclosures and Reports
- Ownership: Fee Simple
Listed by All Brokers Realty LLC, Jennifer Rose Revis
Get Pre-Approved Today
Schools
Schools serving 71 Pegs Ln
School District:Stafford County Public Schools
| Name | Grades | Distance |
|---|---|---|
Falmouth Elementary School 1000 Forbes St, Falmouth, VA 22405 | K-5 | 0.9 mi |
Edward E. Drew Jr. Middle School 501 Cambridge St, Falmouth, VA 22405 | 6-8 | 0.8 mi |
Stafford Sr. High School 63 Stafford Indians Lane, Fredericksburg, VA 22405 | 9-12 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 71 Pegs Ln
Date
Details
Price
Change
Source
10/09/2026
Listed
$129,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 71 Pegs Ln
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,264
3%
$134,900
—
2024
$1,223
18%
$134,900
23%
2023
$1,040
34%
$110,100
—
2021
$779
—
$110,100
37%
2021
$779
—
$80,300
—
2020
$779
43%
$80,300
48%
2019
$546
2%
$54,100
—
2018
$536
—
$54,100
—
2017
$536
—
$54,100
—
2016
$536
3%
$54,100
6%
2015
$522
—
$51,200
—
2014
$522
—
$51,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 71 Pegs Ln
71 Pegs Lane, Fredericksburg, VA 22405 (MLS# VAST2054476) is a Single Family property with 1 bedroom and 0 full bathrooms. 71 Pegs Lane is currently listed for $129,900 and was received on October 09, 2026. Want to learn more about 71 Pegs Lane? Do you have questions about finding other Single Family real estate for sale in Fredericksburg? You can browse all Fredericksburg real estate or contact a Coldwell Banker agent to request more information.
