This address designates a specific property located in Fredericksburg, Virginia. It follows a standard address format, combining a street number, street name, city, state abbreviation, and zip code. This format allows for precise geolocation and efficient mail delivery.
Accurate and standardized addresses are crucial for various purposes, including property identification, navigation, emergency services dispatch, and commercial activities. A well-defined address like this ensures clear communication and facilitates transactions related to the property. It also plays a role in civic planning, allowing for efficient allocation of resources and services within the city of Fredericksburg.
Understanding the components and function of this address provides a foundation for exploring further details about the property itself, its history, and its surrounding area. This can include topics such as property value, local amenities, community demographics, and historical significance.
1. Property Location
Property location serves as the foundation for understanding the significance of a specific address. “120 Auction Drive, Fredericksburg, VA 22406” pinpoints a precise geographical location within the city of Fredericksburg, Virginia. This location influences numerous factors, from property value and access to amenities to neighborhood demographics and potential for future development. Similar to how coordinates define a point on a map, this address provides a crucial starting point for any analysis related to the property. For example, understanding its location allows for comparisons with other properties in the area, providing context for market evaluations.
The location within Fredericksburg itself carries implications. Fredericksburg’s historical significance, economic climate, and community characteristics all contribute to the overall context of the property. A property located in a historic district, for instance, may face different regulations and have a different market value compared to one in a newly developed area. Additionally, proximity to major transportation routes, schools, and commercial centers, all determined by the specific location within Fredericksburg, influences the property’s desirability and practicality. Consider a similar address in a rural area; access to amenities and transportation would likely differ significantly, illustrating the impact of location.
In summary, “120 Auction Drive, Fredericksburg, VA 22406” is more than just an address; it represents a specific place within a larger context. Analyzing its location provides insights critical for understanding the property’s value, potential, and overall significance. This understanding enables informed decision-making related to real estate investment, community development, and resource allocation.
2. Real estate value
Real estate value, a critical factor for any property, is intricately linked to the specific location. While market conditions play a significant role, the inherent value of a property like the one at this Fredericksburg address is influenced by a multitude of location-specific factors. These include proximity to desirable amenities such as schools, parks, and shopping centers, as well as access to major transportation routes. Consider two comparable properties: one situated near a bustling commercial district with convenient highway access, and another in a more remote location. The former, benefiting from its advantageous location, will likely command a higher market value. This principle applies directly to the subject property; its value is inherently tied to its specific location within Fredericksburg.
Furthermore, neighborhood characteristics significantly impact real estate value. Factors such as crime rates, school quality, and the overall aesthetic appeal of the neighborhood contribute to the desirability and, consequently, the value of a property. A property located in a well-maintained neighborhood with low crime rates and highly-rated schools will likely appreciate in value more than a comparable property in a less desirable area. This underscores the importance of considering neighborhood context when assessing the real estate value of the property at this specific address. For example, a property located in a historic district with architectural preservation guidelines may experience different value fluctuations compared to one in a newer development.
In conclusion, understanding real estate value requires a nuanced approach that considers the interplay of various location-specific factors. The property’s location within Fredericksburg, proximity to amenities, and surrounding neighborhood characteristics all contribute to its overall value. Analyzing these elements provides a more comprehensive understanding of the property’s market position and potential for appreciation. This analysis can inform investment decisions and contribute to a broader understanding of real estate dynamics within Fredericksburg.
3. Proximity to Amenities
Proximity to amenities significantly impacts the desirability and, consequently, the value of a property. Access to essential services like grocery stores, healthcare facilities, and educational institutions, as well as recreational options such as parks, restaurants, and entertainment venues, plays a crucial role in the overall appeal of a location. Consider a property located within walking distance of a vibrant downtown area offering a variety of restaurants and shops compared to a property requiring a lengthy commute to access such amenities. The former, benefiting from convenient access to desirable amenities, will likely be perceived as more valuable and attractive to potential buyers or renters. This principle applies directly to the property situated at the specified Fredericksburg address; its value is inherently linked to its proximity to the amenities offered within the city.
Furthermore, the specific types of amenities available and their distance from the property influence its appeal to different demographics. Families with young children might prioritize proximity to quality schools and parks, while young professionals might value easy access to public transportation and entertainment venues. For example, a property located near a university or a major employment center may attract a different demographic than one situated in a quiet residential area further from such hubs. Understanding the specific amenities surrounding the property in Fredericksburg and their distance allows for a more targeted assessment of its appeal to various potential occupants. This detailed analysis provides valuable insights for real estate assessments and market analysis.
In summary, proximity to amenities is a multifaceted factor that significantly influences property desirability and value. The availability, type, and distance of amenities play a crucial role in shaping the appeal of a location to different demographics. Analyzing the specific amenities surrounding the property at the provided Fredericksburg address offers a crucial understanding of its market position and potential. This understanding contributes to a comprehensive evaluation of the property’s value and its suitability for various potential occupants, enabling more informed decision-making in real estate transactions.
4. Neighborhood Characteristics
Neighborhood characteristics significantly influence the overall desirability and value of a property. Understanding the specific attributes of the neighborhood surrounding 120 Auction Drive, Fredericksburg, VA 22406, provides crucial context for evaluating its appeal and potential. These characteristics encompass a range of factors, from safety and school quality to architectural style and community demographics.
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Safety and Security
Safety and security are paramount concerns for residents. Crime rates, police presence, and community safety initiatives directly impact the quality of life and peace of mind within a neighborhood. A neighborhood with a low crime rate and a strong sense of security contributes positively to property values and overall appeal. This factor is particularly relevant when considering the long-term value and desirability of a property like the one at 120 Auction Drive. For instance, families with children often prioritize safety when choosing a place to live, influencing demand and property values in safer neighborhoods.
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School Quality
The quality of local schools is a major factor for families and significantly influences property values. Access to highly-rated public schools or proximity to reputable private institutions often drives demand in certain neighborhoods. School performance metrics, such as test scores and graduation rates, are often considered by prospective homeowners and can influence market trends. Understanding the quality of schools near 120 Auction Drive provides valuable context for assessing its suitability for families and its potential for appreciation.
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Architectural Style and Aesthetics
The architectural style and overall aesthetic appeal of a neighborhood contribute to its character and desirability. A neighborhood with a cohesive architectural style, well-maintained properties, and attractive landscaping can create a sense of community and enhance property values. Historic districts, for example, often attract buyers who appreciate architectural preservation and a unique sense of place. Considering the architectural style and aesthetics of the neighborhood surrounding 120 Auction Drive provides insights into its overall appeal and potential market value.
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Community Demographics
Community demographics, including age, income levels, and family composition, shape the character of a neighborhood. These factors can influence the types of amenities available, community events, and overall lifestyle. A neighborhood with a diverse population or a strong sense of community may appeal to certain buyers more than others. Understanding the demographics of the neighborhood surrounding 120 Auction Drive provides valuable context for assessing its appeal to different buyer profiles and predicting future market trends.
These interconnected neighborhood characteristics contribute significantly to the overall perception and value of a property like the one at 120 Auction Drive. A comprehensive analysis of these factors provides a more nuanced understanding of its position within the Fredericksburg real estate market and its potential for long-term appreciation. This understanding is essential for informed decision-making related to property investment, community development, and resource allocation within the area.
5. Accessibility and Transport
Accessibility and transport considerations are crucial when evaluating a property’s practicality and overall desirability. For the property located at 120 Auction Drive, Fredericksburg, VA 22406, understanding the transportation options and ease of access plays a significant role in determining its suitability for various purposes. This analysis encompasses several key facets, including proximity to major roadways, availability of public transportation, and access to various modes of transport.
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Proximity to Major Roadways
Proximity to major roadways like highways and arterial routes significantly impacts commuting times and overall connectivity. Easy access to such roadways allows for efficient travel to nearby cities, employment centers, and other points of interest. A property located near major roadways offers greater flexibility and convenience for residents, reducing travel time and enhancing overall accessibility. In the case of 120 Auction Drive, its proximity to Interstate 95 and other major routes within Fredericksburg enhances its connectivity to the broader region, facilitating travel and commuting.
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Availability of Public Transportation
The availability of public transportation options, such as bus routes, train stations, or ride-sharing services, contributes to a property’s accessibility and appeal. Reliable public transport offers an alternative to private vehicles, reducing reliance on personal cars and potentially lowering transportation costs. For some individuals, access to public transportation is a necessity, particularly in urban areas. Analyzing the availability and frequency of public transport options near 120 Auction Drive provides insights into its accessibility for individuals who rely on or prefer public transport.
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Access to Various Modes of Transport
Access to various modes of transport, including pedestrian walkways, bicycle paths, and airports, enhances a location’s overall accessibility. A property situated near well-maintained sidewalks and bike lanes promotes walkability and cycling, offering healthy and environmentally friendly transportation alternatives. Proximity to an airport facilitates convenient long-distance travel. Evaluating the availability and quality of these alternative transportation options near 120 Auction Drive provides a comprehensive understanding of its accessibility and connectivity.
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Local Traffic Conditions
Local traffic conditions, such as traffic congestion during peak hours and the overall flow of traffic in the surrounding area, can significantly impact daily commutes and overall accessibility. A property located in an area with heavy traffic congestion can lead to increased travel times and frustration for residents. Analyzing typical traffic patterns and congestion levels near 120 Auction Drive offers insights into the potential challenges and convenience associated with commuting to and from the property.
In summary, accessibility and transport considerations play a vital role in assessing the practicality and desirability of a property like the one at 120 Auction Drive. Analyzing its proximity to major roadways, availability of public transportation, access to alternative modes of transport, and local traffic conditions provides a comprehensive understanding of its connectivity and convenience. This information is crucial for potential buyers, renters, and investors, allowing them to make informed decisions based on their transportation needs and preferences.
6. Historical context
Historical context provides crucial insights into the present state of any property. For a property located at a specific address like 120 Auction Drive, Fredericksburg, VA 22406, understanding the historical context involves examining the history of the land, previous uses of the property, and the evolution of the surrounding area. This historical perspective can reveal significant information about the property’s current condition, potential challenges, and its place within the broader community. For instance, if the property was once part of a larger estate or played a role in a significant historical event, this knowledge adds depth and meaning to its present-day existence. Even seemingly mundane details, such as previous ownership records or past zoning regulations, can offer valuable insights into the property’s evolution and current status. Consider a property built on land that was once a battlefield; this historical context adds a layer of significance that influences its present-day value and interpretation. Similarly, a property located in a historically significant district might be subject to preservation regulations that impact its potential for renovation or development.
Further exploration of historical context can involve researching the history of Fredericksburg itself. Understanding the city’s development, economic shifts, and demographic changes over time provides a broader context for understanding the property’s trajectory. For example, if Fredericksburg experienced a period of industrial growth in the past, this might explain the presence of certain architectural styles or infrastructure in the area. Similarly, researching the history of Auction Drive itself can reveal the origins of its name and its role within the city’s development. This broader historical perspective enriches the understanding of the specific property at 120 Auction Drive, placing it within a larger historical narrative. Examining historical maps, census data, and local archives can provide valuable insights into the property’s past and its relationship to the surrounding community.
In summary, historical context adds depth and meaning to the understanding of a property. By researching the history of the land, previous uses of the property, and the evolution of the surrounding area, one gains a more comprehensive perspective on its present-day significance. This historical analysis can reveal valuable information about the property’s current condition, potential challenges, and its place within the broader historical narrative of Fredericksburg. This understanding is crucial for property owners, potential buyers, and anyone seeking a deeper appreciation of the property’s unique story.
7. Potential for Development
Potential for development represents a critical factor in assessing the long-term value and viability of any property. Analyzing the development potential of the property located at 120 Auction Drive, Fredericksburg, VA 22406, requires a comprehensive understanding of local zoning regulations, market trends, and the surrounding infrastructure. Zoning regulations dictate permissible land uses and building restrictions, directly impacting what can be built or modified on the property. For example, a property zoned for residential use may have limitations on building height or density, restricting the potential for large-scale development. Conversely, a property zoned for commercial use may offer opportunities for constructing retail spaces or office buildings. Market trends, such as increasing demand for housing or commercial spaces, influence the feasibility and profitability of different development projects. A strong market demand for residential properties, for instance, might incentivize developers to explore building additional housing units or renovating existing structures to meet market needs. Furthermore, existing infrastructure, such as access to utilities, transportation networks, and public services, plays a crucial role in determining the practicality and cost-effectiveness of development projects. A property with readily available access to water, sewer, and electricity is more attractive for development than one lacking these essential services.
Several real-life examples illustrate the interplay between these factors. A property located in a rapidly growing urban area with favorable zoning regulations for mixed-use development might present significant potential for constructing a high-rise building combining residential and commercial spaces. This potential is further amplified if the property is situated near public transportation hubs and benefits from strong market demand for both housing and commercial spaces. Conversely, a property located in a rural area with strict zoning regulations preserving agricultural land may have limited development potential, primarily restricted to agricultural or low-density residential uses. Even within the same city, variations in zoning regulations and market conditions can result in drastically different development potentials for different properties. One property might be ideal for a large-scale commercial development due to its location in a designated commercial zone and proximity to major highways, while another nearby property, located in a historic preservation district, might only allow for limited renovations that maintain the existing architectural style.
Understanding the development potential of 120 Auction Drive requires a careful analysis of these interconnected factors. Assessing local zoning regulations, analyzing current market trends in Fredericksburg, and evaluating the existing infrastructure provides valuable insights into the property’s potential for future development. This analysis also reveals potential challenges, such as restrictive zoning regulations or limited access to essential utilities, that might hinder development. This comprehensive understanding is crucial for property owners, investors, and developers, enabling them to make informed decisions about the property’s future use and potential for long-term value appreciation. By carefully considering these factors, stakeholders can effectively evaluate the property’s development potential and its alignment with their investment goals and development objectives.
8. Zoning Regulations
Zoning regulations play a crucial role in shaping land use and development within a specific jurisdiction. These regulations, implemented by local governments, dictate permissible land uses, building heights, density restrictions, and other development standards. For a property like the one located at 120 Auction Drive, Fredericksburg, VA 22406, understanding the applicable zoning regulations is essential for determining its potential for development, permitted uses, and any limitations on construction or renovation. Zoning regulations function as a blueprint for development, guiding how land can be used and ensuring compatibility between different types of development within a community. They influence everything from the types of businesses allowed in specific areas to the height and density of residential buildings. For the property at 120 Auction Drive, the specific zoning designation will dictate whether it can be used for residential, commercial, industrial, or mixed-use purposes. This designation also determines the allowable building size, setbacks from property lines, parking requirements, and other development standards.
The practical significance of understanding zoning regulations becomes evident when considering real-life scenarios. For instance, if the property at 120 Auction Drive is zoned for residential use only, constructing a commercial building on the site would be prohibited. Similarly, if the zoning regulations stipulate a maximum building height of three stories, constructing a ten-story apartment building would not be permissible. Zoning regulations also influence the potential for future development. A property zoned for high-density residential development may be more attractive to developers than one zoned for low-density residential use, particularly in areas experiencing population growth. Conversely, a property located in a historically designated district might face stricter zoning regulations that limit alterations to preserve the area’s historical character. These regulations might restrict the extent of renovations or prohibit demolition, even if the property owner desires such changes. Understanding these restrictions is essential for making informed decisions about property acquisition, development, and long-term investment strategies. For example, purchasing a property with the intention of converting it into a commercial space would be unwise if the existing zoning regulations prohibit such use.
In summary, zoning regulations provide a framework for land use and development, directly impacting the potential uses and limitations of any property. For 120 Auction Drive, Fredericksburg, VA 22406, understanding the applicable zoning regulations is crucial for determining its permitted uses, development potential, and any restrictions on construction or renovation. This understanding is essential for property owners, potential buyers, developers, and anyone involved in real estate transactions. Failure to comply with zoning regulations can lead to legal challenges, fines, and delays in development projects. Therefore, conducting thorough due diligence regarding zoning regulations is a critical step in any real estate endeavor, ensuring compliance and maximizing the potential of the property within the framework of local land use policies.
Frequently Asked Questions
This section addresses common inquiries regarding the property located at 120 Auction Drive, Fredericksburg, VA 22406. The information provided aims to offer a clear and concise understanding of key aspects related to the property and its surrounding area.
Question 1: What is the current zoning designation for 120 Auction Drive?
Specific zoning information requires consultation with the City of Fredericksburg’s Planning and Zoning Department. This information is crucial for understanding permitted land uses and development potential.
Question 2: What is the proximity of the property to schools?
Information regarding nearby schools can be obtained through online resources such as GreatSchools.org or by contacting the Fredericksburg City Public Schools. Proximity to quality schools is often a significant factor for families considering a property.
Question 3: What are the typical property taxes for properties in this area?
Property tax information can be obtained from the City of Fredericksburg Treasurer’s Office or through online property tax assessment databases. Understanding property tax rates is essential for accurate cost projections.
Question 4: What is the history of the property and the surrounding neighborhood?
Historical information can be found through local historical societies, libraries, and online archives. Researching historical context provides valuable insights into the property’s past and its place within the community.
Question 5: What are the primary transportation routes accessible from this location?
Information on transportation routes can be found through online mapping services or by contacting the Virginia Department of Transportation. Accessibility to major roadways and public transport is a crucial factor for many residents.
Question 6: What is the availability of utilities and other essential services at this address?
Information on utility availability should be confirmed through the relevant utility providers serving the Fredericksburg area. Access to essential services like water, electricity, and internet is crucial for any property.
Consulting these resources provides accurate and up-to-date information about the property at 120 Auction Drive, facilitating informed decisions regarding its potential acquisition or development. Due diligence is essential in all property-related matters.
This FAQ section addresses key questions, but further research is always recommended. The following sections delve deeper into specific aspects of the property and its surrounding area.
Tips for Researching a Property
Thorough research is crucial when considering a property investment. The following tips offer guidance for conducting comprehensive due diligence, ensuring informed decisions and mitigating potential risks. These tips are applicable to researching any property, including one located at a specific address like 120 Auction Drive, Fredericksburg, VA 22406.
Tip 1: Verify Property Information
Always verify information obtained from online sources with official records. Contact the local county assessor’s office or recorder of deeds to confirm ownership details, property boundaries, and tax assessments. Discrepancies between online listings and official records should be investigated thoroughly.
Tip 2: Conduct a Thorough Title Search
A title search reveals any liens, encumbrances, or legal issues associated with the property’s ownership history. This is essential for ensuring clear title and avoiding potential legal disputes. Title insurance protects against future title issues.
Tip 3: Research Zoning Regulations
Contact the local planning and zoning department to obtain detailed information on the property’s zoning designation, permitted uses, and any development restrictions. This information is crucial for understanding the property’s development potential and avoiding non-compliant uses.
Tip 4: Assess the Neighborhood
Visit the neighborhood at different times of day to observe traffic patterns, noise levels, and overall safety. Research crime statistics, school quality, and proximity to amenities to gain a comprehensive understanding of the neighborhood’s characteristics.
Tip 5: Evaluate Property Taxes and Utilities
Obtain accurate property tax information from the local treasurer’s office and contact utility providers to understand the cost of essential services like water, electricity, and gas. These factors significantly impact the overall cost of ownership.
Tip 6: Inspect the Property Thoroughly
A professional property inspection identifies potential structural issues, plumbing problems, or other defects that may not be readily apparent. This helps avoid costly repairs after purchase.
Tip 7: Research Recent Sales Data
Analyzing recent sales data for comparable properties in the area provides insights into market value trends and helps determine a fair offering price. This data can be obtained from real estate agents, online databases, or public records.
Tip 8: Consider Long-Term Goals
Align investment decisions with long-term goals. Consider factors such as potential resale value, rental income potential, and long-term development prospects when evaluating a property investment.
By following these tips, potential buyers can make well-informed decisions, mitigate risks, and maximize the potential of their property investment. Due diligence and thorough research are crucial for successful real estate transactions.
These tips provide a solid foundation for property research. The concluding section summarizes key takeaways and offers final recommendations for making informed decisions.
Conclusion
Analysis of 120 Auction Drive, Fredericksburg, VA 22406, requires consideration of multiple factors. Property location, real estate value, proximity to amenities, neighborhood characteristics, accessibility, historical context, development potential, and zoning regulations contribute to a comprehensive understanding. Each element offers valuable insights, influencing investment decisions and shaping perspectives on the property’s significance within Fredericksburg’s dynamic real estate landscape.
Thorough due diligence, encompassing property research and market analysis, remains essential for informed decision-making. Prudent investors recognize the value of comprehensive assessments, enabling strategic choices aligned with individual investment goals. Further research, specific to individual needs and objectives, is always recommended.
