119 MARCHANT DR Fredericksburg, VA 22406

Rare FHA Assumable Loan Opportunity at Approximately 2.375% — Plus 3 Private Acres, NO HOA, Major Updates, and Over 2,800 Sq Ft of Flexible Living Space! ****** Qualified buyers may have the opportunity to assume the seller's existing FHA loan at an estimated 2.375% interest rate, potentially offering significant monthly savings compared to today's market rates. This rare financing advantage could increase purchasing power and make this beautifully updated acreage property an even smarter move. ****** Tucked away on 3 flat, private acres with NO HOA, this lovingly maintained original-owner home has been thoughtfully refreshed with extensive cosmetic and system updates already completed. From the moment you step inside, the upgrades stand out: new luxury vinyl plank flooring throughout the main level, high-end stain-resistant carpet with plush padding, updated trim, black-painted interior doors with modern hardware, fresh designer paint, recessed lighting, updated fixtures, and stylish contemporary finishes throughout. ****** The kitchen has been refreshed with new granite countertops, an updated faucet, upgraded appliances, a high-end GE Café refrigerator, Miele dishwasher, custom-designed pantry with mop sink, and fresh paint, creating a clean, modern, and highly functional space. The main-level half bath has been fully renovated with a sleek vanity, updated lighting, and custom built-ins, while the upper-level bathrooms have also been refreshed with new vanities, mirrors, and lighting for a bright, move-in-ready feel. ****** Offering 3 bedrooms plus a potential 4th bedroom/large bonus room with separate staircase access to the rear, this home provides excellent flexibility for a home office, guest room, gym, playroom, or recreation space. The former attached garage has been converted into a 22x24 ft spacious additional living area with gas fireplace, adding valuable square footage and everyday functionality. Use as a home office, game room or more! ****** Major improvements provide added peace of mind, including new Roof in 2021, dual-zone HVAC systems in 2024 and 2026, with an updated lower-level system featuring propane backup and a new upper-level HVAC system, plus replacement windows, insulated vinyl siding, new gutters, updated exterior doors, an 80-gallon water heater, like new water treatment system and updated toilets throughout. ****** Outdoor living is exceptional. The expansive 55-foot deck is designed for entertaining and features a 14x16 aluminum pergola with gutters, wind-resistant screens, and a decorative gas fireplace. The professionally installed fenced rear yard includes a 10-foot gate for equipment access, while the surrounding acreage offers open, usable land and plenty of privacy. The property also features a gravity-fed, conventional septic system. ****** The grounds have been lovingly cultivated with mature landscaping, blueberry and blackberry bushes, an apple tree, plum tree, mini vineyard, dogwoods, English boxwoods, azaleas, and many other perennial flowers, creating a beautiful, established setting that blooms with color and charm throughout the seasons. This is the kind of outdoor space that feels peaceful, productive, and incredibly special—perfect for anyone who values privacy, gardening, entertaining, or simply enjoying nature at home. ****** Additional exterior highlights include a large detached garage with workshop space, run-in shed, separate barn, multiple storage buildings, ample parking, and open usable acreage. With privacy, storage, flexibility, extensive updates, and no HOA restrictions, this property offers a rare opportunity to enjoy acreage living while staying close to everyday conveniences. ****** Low-rate assumable financing. Private acreage. Major updates. NO HOA. Exceptional opportunity. Photos have been virtually staged.