NOT LISTED FOR SALE

Estimated Value: $2,634,000 - $3,279,241

4.65 Acres
$635,286 Price per Acre
202,728 Sq Ft Lot

Last Sold March 01, 2017

Last sale price $450,000

Est. 574% increase in value since last sale

Current estimated payment $18,485/month

259 Days on Market

About This Lot

As of March 2017

Rivergate is a private, heavily wooded, gated lake community with the premier address on River Road yet located just inside the Goochland County line. Estate-sized home sites of two to six acres. The sparkling waters of the 40-acre private lake combined with grand, open spaces set Rivergate apart from the rest. This truly is a special enclave, a community unto itself with grand vistas, yet completely private.

Rivergate earned the prestigious Community of the Year Award in 2000 and 2002 from the Sales and Marketing Council of the Richmond Homebuilders Association.

Last Agent to Sell the Property

Lee Rousseau

Shaheen Ruth Martin & Fonville License #0225119247 Listed on: 05/10/2016

Shaheen Ruth Martin & Fonville

Last Buyer's Agent

Roslyn Cousins

Long & Foster REALTORS License #0225179406

Long & Foster REALTORS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,120

Lot Details

  • 4.65 Acre Lot
  • South Facing Home

HOA Fees

  • $254 Monthly HOA Fees

Schools

  • Randolph Elementary School
  • Goochland Middle School
  • Goochland High School

Utilities

  • Water Not Available

Community Details

  • Rivergate Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 64-22-B-1

Property Details

Property Type

Land

Est. Annual Taxes

$2,120

Lot Details

0

HOA Fees

$254 per month

Listing Details

  • Property Type: Land
  • Property Sub Type: Residential
  • Lot Size Acres: 4.654
  • Ownership: Corporate
  • Subdivision Name: Rivergate
  • Property Sub Type Additional: Residential,Unimproved Land
  • Special Features: VirtualTour

Interior Features

  • Basement YN: No

Exterior Features

  • Waterfront: No
  • Direction Faces: South

Utilities

  • Sewer: Not Connected (nearby), Public Sewer
  • Water Source: Not Connected (nearby), Public
  • Utilities: Fiber Optic Available, Natural Gas Available, Electricity Available

Condo/Co-op/Association

  • Association Fee: 3050.0
  • Association Fee Frequency: Annually
  • Association: Yes

Fee Information

  • Association Fee Includes: Common Areas, Road Maintenance, Snow Removal, Security, Water Access

Schools

  • Middle Or Junior School: Goochland

Lot Info

  • Parcel Number: 64-22-B-1
  • Zoning Description: R-1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 2120.0
  • Tax Lot: 1

MLS Schools

  • Elementary School: Randolph
  • High School: Goochland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 19, 2018
Sold by
Patel Anil
Bought by
Patel Anilkamar and Patel Sudha
Current Estimated Value
$3,035,067

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Outstanding Balance
$1,743,085
Interest Rate
3.88%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,488,198

Purchase Details

Listed on
May 10, 2016
Closed on
Feb 22, 2017
Sold by
Rivergate Lp A Virginia Limited Partners
Bought by
Anil Patel As Trustee For The Anil Patel
Seller's Agent
Lee Rousseau
Shaheen Ruth Martin & Fonville
Buyer's Agent
Roslyn Cousins
Long & Foster REALTORS
List Price
$450,000
Sold Price
$450,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.28%
Original Mortgage
$318,750
Interest Rate
4.12%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Patel Anilkamar -- None Available
Anil Patel As Trustee For The Anil Patel $425,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patel Anilkamar $2,000,000
Closed Anil Patel As Trustee For The Anil Patel $318,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2017 03/01/17 Sold $450,000 0.0% --
01/24/2017 01/24/17 Pending -- -- --
05/10/2016 05/10/16 For Sale $450,000 -- --
Source: Central Virginia Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $19,367 $3,654,100 $600,600 $3,053,500
2023 $18,068 $3,409,100 $546,000 $2,863,100
2022 $15,743 $2,970,300 $493,500 $2,476,800
2021 $16,205 $3,057,600 $451,500 $2,606,100
2020 $2,170 $430,500 $430,500 $0
2019 $2,170 $409,500 $409,500 $0
2018 $2,143 $404,300 $404,300 $0
2017 $2,115 $399,000 $399,000 $0
2016 $1,057 $399,000 $399,000 $0
2015 $2,120 $400,000 $400,000 $0
2014 -- $400,000 $400,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 1615746

Central Virginia Regional MLS

APN: 64-22-B-1