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8464 Shady Grove Rd, Mechanicsville, VA, 23116

3beds
2baths
1,353sqft
$369,500
$273price/sqft
$2,417/moest. monthly cost
$96,680/yrincome needed

About This Home

Charming Brick Cottage on Nearly 2 Acres in Mechanicsville! This completely renovated 3-bedroom, 2-bath home has been thoughtfully updated from top to bottom. Inside, you’ll find brand new flooring throughout, fresh paint, and a bright, open feel that makes the home move-in ready. The updated kitchen features modern finishes, granite countertops, and plenty of space for cooking and gathering, while both full bathrooms have been beautifully renovated with updated fixtures and finishes. Roof, Windows, Electricity, and Plumbing all recently updated. Located in desirable Atlee High School district just minutes from shopping, dining, and major routes. Come see everything this home has to offer!

Getting Around

6
WalkingCar-Dependent
0
TransitVery Limited Transit
24
BikeSomewhat Bikeable

Schools

7/10
9/10
Atlee High SchoolGrades 9-122.5 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1929

Materials

  • Roof: Shingle
  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Architectural style: Bungalow,Cottage,Ranch
  • Property subType: Single Family Residence

Interior

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Number of fireplaces: 1
  • Fireplace features: Masonry
  • Fireplace: Yes
  • Attic: Access Only
  • Finished area below ground: 0
  • Finished area above ground: 1,353

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Wall Unit(s)

Interior Area

  • Total interior livable area: 1,353 sqft

Other

  • Level: First

Property

Details

  • Parcel number: 8705686306
  • Zoning description: R1
  • Special condition: Corporate Listing

Features

  • Levels: One
  • Stories: 1
  • Pool features: None

Lot

  • Lot size: 1.81 Acres

Parking

  • Parking features: Off Street,Other

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Earthquake
Ice Storm
Lightning
Strong Wind
Tornado

FEMA Declared Disasters Across Virginia Counties

Severe Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,868$22,416
Home Insurance *$98$1,176
Property Taxes $249$2,988
Electricity $202$2,433
Total$2,417$29,004
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$82,868/yr
40% on housing$72,510/yr
45% on housing$64,453/yr

Virginia FAIR Plan Programs

Virginia Property Insurance Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 22,622Commercial: 503
Total Premiums$20.86M
Total Exposure$4.29B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.8%
9.8%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$273This listing

vs Other Active Listings

Avg $/sqft

ZIP 23116$208
Hanover County$221

vs Homes Sold Last Month

Median $/sqft

ZIP 23116$216
Hanover County$218

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-28Price change$389,950
2026-04-02Listed for sale$399,950
2024-07-08Sold$220,000

For Sale by Agent

AgentWilliam Coalson, Hometown Realty
BrokerageHometown Realty

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