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8511 Peaks Rd, Hanover, VA, 23005

3beds
2baths
1,344sqft
$495,000
$368price/sqft
$3,216/moest. monthly cost
$128,640/yrincome needed

About This Home

3 BR 2 Bath home on 1+ level acre in highly sought after HANOVER HS district and NO HOA! This one-owner home is bright and cheerful with its practical floor plan ideal for family living. Well appointed with recent renovations including flooring, bathrooms, light fixtures, ceiling fans, exhaust fans, hardware and interior paint, custom blinds on all windows, KitchenAid Luxe Stainless appliances including "quiet" Dishwasher. LOTS of storage in the beautiful, arched panel solid oak cabinets with the added ceramic tile backsplash. All BR closets are lighted and deep. HUGE attic that expands the entire length of the home has standing/walking room. 24 X 26 detached 2-car Garage with electricity, attic storage, ceiling fan and new smart door opener w keypad. Recent HVAC units inside & out 2022 and Hot Water Heater 2023, FP glass-door enclosure 2024 on wood-burning fireplace used first time ever in Winter '24. FP is also plumbed to be used as a gas FP (propane). 18 X 13 Deck (rebuilt 2019) power washed and re-stained 4-16-26. Home is wired for Generator hook-up. Storage Shed and lean-to w doors on back and a recently added parking area in front for guests or deliveries. Newly painted shutters, exterior doors, trim & railing as well as new front shrubs and 14 fast-growing evergreen trees (Fall '25) surrounding the front and side of property. Room for a garden and abundant space for parking equipment, RVs, etc. Enjoy convenient living located only minutes from schools, shopping and the interstate! Owner/Agent.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

6/10
7/10
Oak Knoll Middle SchoolGrades 6-82.4 mi
7/10
Hanover High SchoolGrades 9-122.3 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 2004

Materials

  • Roof: Composition
  • Construction materials: Brick,Drywall,Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Exhaust Fan,Electric Cooking,Electric Water Heater,Microwave,Oven,Smooth Cooktop,Self Cleaning Oven,Stove
  • Laundry features: Washer Hookup,Dryer Hookup

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

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

Features

  • Bedroom on Main Level,Ceiling Fan(s),Dining Area,Eat-in Kitchen,Fireplace,Kitchen Island,Main Level Primary,Pantry,Recessed Lighting,Cable TV
  • Door features: Insulated Doors
  • Window features: Screens,Storm Window(s)
  • Flooring: Ceramic Tile,Vinyl
  • Number of fireplaces: 1
  • Fireplace features: Gas,Masonry,Wood Burning
  • Fireplace: Yes
  • Attic: Floored,Pull Down Stairs,Walk-In
  • Finished area below ground: 0
  • Finished area above ground: 1,344

Heating & Cooling

  • Heating features: Electric,Heat Pump
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 1,344 sqft

Laundry

  • Level: First
  • Dimensions: 8.0 x 6.0

Other

  • Level: First

Property

Details

  • Parcel number: 8708065920
  • Zoning description: A1 (Agriculture)
  • Exclusions: Washer,Dryer,Refrigerator

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Patio & porch: Front Porch,Patio,Deck,Porch
  • Exterior features: Deck,Porch,Storage,Shed,Paved Driveway
  • Fencing: None
  • Topography of land: Level

Lot

  • Lot size: 1.15 Acres
  • Features: Landscaped,Level

Parking

  • Total spaces: 2
  • Parking features: Direct Access,Driveway,Detached,Garage,Garage Door Opener,Off Street,Oversized,Paved,Two Spaces,Storage,Workshop in Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

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

How This Home’s Risks Compare

Earthquake
Ice Storm

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 $2,502$30,024
Home Insurance *$133$1,596
Property Taxes $379$4,548
Electricity $202$2,433
Total$3,216$38,592
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$110,262/yr
40% on housing$96,480/yr
45% on housing$85,760/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

$368This listing

vs Other Active Listings

Avg $/sqft

ZIP 23005$227
Hanover County$221

vs Homes Sold Last Month

Median $/sqft

ZIP 23005$245
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)

Price History

DateEventPrice
2026-04-11Listed for sale$498,000
2026-04-10Listing removed$499,900
2026-03-21Price change$499,900
2026-02-22Price change$515,000
2026-01-28Listed for sale$529,900
2004-08-03Sold$165,000

For Sale by Agent

AgentBeverly Dixon
BrokerageResource Realty Services

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