NOT LISTED FOR SALE

1416 Palmore Rd Powhatan, VA 23139

Estimated Value: $568,680 - $627,000

4 Beds
2.5 Baths
2,078 Sq Ft
$281/Sq Ft Est. Value

Last Sold May 03, 2022

Last sale price $505,000 $243 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,427/month

7 Days on Market

Highlights

  • Lake Front
  • Water Access
  • Cape Cod Architecture
  • Powhatan Elementary School Rated A-
  • 2.47 Acre Lot
  • Community Lake

About This Home

As of May 2022

Nestled on 2+ acres in one of Powhatan's premier neighborhoods of Quarter Mill, this home has the best of both worlds! Quiet & rural with picturesque views & access to 90 acre Lake Randolph, yet an easy 10 mile drive down RT 60 to the Chesterfield line with shopping & entertainment! This beautiful & well maintained home has a vaulted Living Room with fireplace that accesses the fenced backyard through French doors to the 19x18 screened porch & huge deck. The kitchen has gorgeous solid wood custom cabinets, granite counters & stainless appliances. The breakfast nook overlooks the lake. A formal dining room has lots of natural light & hardwood floors. The first floor owners suite has a vaulted ceiling, walk in closet & ensuite w new Lifeproof flooring, separate shower & soaking tub & double sinks. Two more 1st floor bedrooms have generous closets & ceiling fans & the 4th bedroom is privately located on the second floor w large closet & skylight. Need more room? The walk up attic is expandable! There's lots of storage in the 2 car garage & a detached shed w electricity & cable connection. There is a generator sub panel for exterior hook up. Move In ready w freshly painted interior.

Last Agent to Sell the Property

Cyndi Merritt

EXP Realty LLC License #0225085400 Listed on: 03/09/2022

EXP Realty LLC

Last Buyer's Agent

Sean Pierce

GO Real Estate Inc License #0225198603

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,516

Year Built

  • Built in 2000

Lot Details

  • 2.47 Acre Lot
  • Lake Front
  • Back Yard Fenced
  • Landscaped
  • Level Lot
  • Zoning described as R-2

HOA Fees

  • $10 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Rear-Facing Garage
  • Driveway

Home Design

  • Cape Cod Architecture
  • Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,078 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Bay Window
  • Screened Porch
  • Water Views
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Water Access
  • Walking Distance to Water
  • Deck
  • Shed

Schools

  • Powhatan Elementary And Middle School
  • Powhatan High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Well
  • Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 051A-2-1

Community Details

Overview

  • Quarter Mill Subdivision
  • Community Lake
  • Pond in Community

Amenities

  • Common Area

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,516

Year Built

Built in 2000

Lot Details

0

HOA Fees

$10 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2000
  • Property Attached Yn: No
  • Lot Size Acres: 2.471
  • Water Body Name: Lake Randolph
  • Ownership: Individuals
  • Subdivision Name: Quarter Mill
  • Architectural Style: Cape Cod, Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 1

Interior Features

  • Flooring: Carpet, Laminate, Wood
  • Basement: Crawl Space
  • Appliances: Dishwasher, Electric Water Heater, Gas Cooking
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Bay Window, Ceiling Fan(s), Eat-in Kitchen, Granite Counters, High Ceilings, Main Level Primary
  • Living Area: 2078.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Shingle
  • Fencing: Back Yard, Electric, Wood, Fenced
  • Lot Features: Landscaped, Level
  • Pool Features: None
  • View: Water
  • View: Yes
  • Waterfront Features: Lake, Water Access, Walk to Water
  • Waterfront: No
  • Construction Type: Drywall, Frame, Vinyl Siding
  • Exterior Features: Deck, Porch, Storage, Shed, Paved Driveway
  • Patio And Porch Features: Front Porch, Screened, Deck, Porch
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Driveway, Garage, Oversized, Paved, Garage Faces Rear, Two Spaces

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Heat Pump
  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Common Grounds/Area, Home Owners Association, Lake, Pond
  • Association Fee: 125.0
  • Association Fee Frequency: Annually

Fee Information

  • Association Fee Includes: Common Areas, Recreation Facilities, Water Access

Schools

  • Middle Or Junior School: Powhatan

Lot Info

  • Parcel Number: 051A-2-1
  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2516.0
  • Tax Lot: 1

MLS Schools

  • Elementary School: Powhatan
  • High School: Powhatan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2022
Closed on
May 3, 2022
Sold by
Smith Giovanni
Bought by
Wells Michael A
Seller's Agent
Cyndi Merritt
EXP Realty LLC
Buyer's Agent
Sean Pierce
GO Real Estate Inc
List Price
$425,000
Sold Price
$505,000
Premium/Discount to List
$80,000
18.82%
Current Estimated Value
$584,920

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,920
Avg. Annual Appreciation
4.39%
Original Mortgage
$430,950
Outstanding Balance
$409,320
Interest Rate
5.23%
Mortgage Type
Construction
Estimated Equity
$175,600

Purchase Details

Closed on
Jun 21, 2011
Source: Public Records

Range of Values:

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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
Wells Michael A $505,000 --
-- $265,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wells Michael A $430,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2022 05/03/22 Sold $505,000 +18.8% $243 / Sq Ft
03/16/2022 03/16/22 Pending -- -- --
03/09/2022 03/09/22 For Sale $425,000 -- $205 / Sq Ft
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
2025 $3,794 $505,800 $106,700 $399,100
2024 $3,231 $468,300 $98,800 $369,500
2023 $3,036 $356,600 $92,800 $263,800
2022 $230 $356,600 $92,800 $263,800
2021 $2,707 $318,500 $87,800 $230,700
2020 $2,707 $279,000 $81,800 $197,200
2019 $2,455 $279,000 $81,800 $197,200
2018 $2,395 $279,000 $81,800 $197,200
2017 $2,465 $278,500 $81,800 $196,700
2016 $2,507 $278,500 $81,800 $196,700
2014 $2,326 $258,400 $69,800 $188,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2206141

Central Virginia Regional MLS

APN: 051A-2-1