NOT LISTED FOR SALE

1516 Old Lyme Ln Midlothian, VA 23114

Estimated Value: $226,000 - $274,000

2 Beds
2 Baths
1,058 Sq Ft
$238/Sq Ft Est. Value

Last Sold September 14, 2012

Last sale price $129,000 $122 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $1,579/month

61 Days on Market

About This Home

As of September 2012

Remodeled! Beautiful Modern Finishes! Brand New Kitchen including Cabinets, Countertops & Stainless Appliances. Spacious Living/Dining Room w/Fireplace offers Beautiful Laminate Floor, 1/2 Bath, Coat Closet & Sliding Doors to Private Rear Deck. Upstairs Bedroom #1 offers Skylight, 2 Closets, & Full Bath w/Tub. Bedroom #2 has Vaulted Ceiling, Dbl Closet & Full Bath w/Shower. All New Flooring, Paint, Carpet, Lighting, & Bathroom Vanities! Attached Storage. 1 Assigned Parking. Quiet,Established Neighborhood.

Last Listed By

Diana Ofoia

United Real Estate Richmond License #0225075691 Listed on: 06/01/2012

United Real Estate Richmond

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,023

Year Built

  • 1988

Lot Details

  • 2,047

Home Design

  • Composition Roof

Flooring

  • Partially Carpeted
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Property has 2 Levels
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 735-694-39-15-00000

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,023

Year Built

1988

Lot Details

0

Listing Details

  • Structure: Frame
  • Price Per Finished Sq Ft: 121.93
  • Finished Sq Ft: 1058
  • Special Features: None
  • Property Sub Type: Townhouses
  • Year Built: 1988

Interior Features

  • Appliances Equipment: Dishwasher, Electric Cooking, Microwave, Refrigerator, Stove
  • Flooring: Laminate, Carpet-Part
  • Interior: Dining Area, Fireplace, MBR Bath, Skylight, Stack Wshr/Dryer Hookup
  • Number of Rooms: 4
  • Fireplace: Wood Burning
  • Total Fireplaces: 1
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Level 2 Full Bathrooms: 2
  • Full Bath Level 2 Description: Tub & Shower
  • Level 1 Half Bathroom: 1
  • Attic: Access Panel
  • Number Of Levels: 2.00

Exterior Features

  • Roof: Composition
  • Siding: Vinyl
  • Wall Type: Drywall

Garage/Parking

  • Parking: Assigned

Utilities

  • Heating Fuel: Electric
  • Heating: Heat Pump
  • Cooling: Heat Pump
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Association/Amenities

  • Amenities: Association

Fee Information

  • Fee: 175.00
  • Fee Includes: Exterior Maintenance, Management Fees, Snow Removal, Trash Removal, Yard Maintenance
  • Fee Period: Monthly

Schools

  • Elementary School: Evergreen
  • Middle School: Midlothian
  • High School: Midlothian

Lot Info

  • Lot: 3
  • Parcel Number: 735-694-39-15-00000

Multi Family

  • Attachment Count: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2012
Closed on
Sep 7, 2012
Sold by
I 25 R38 Llc
Bought by
Faulkner Melissa S
Seller's Agent
Diana Ofoia
United Real Estate Richmond
Buyer's Agent
Diana Ofoia
United Real Estate Richmond
List Price
$13,490,000
Sold Price
$129,000
Premium/Discount to List
-$13,361,000
-99.04%
Total Days on Market
61
Current Estimated Value
$251,891

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,891
Avg. Annual Appreciation
5.41%
Original Mortgage
$124,135
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 15, 2012
Sold by
Creed Tracie L
Bought by
I 25 R38 Llc

Purchase Details

Closed on
Jul 31, 1998
Sold by
Single Burnette
Bought by
Merricks Tracie L and Creed Ronald C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,064
Interest Rate
6.92%
Mortgage Type
FHA

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
Faulkner Melissa S $129,000 --
I 25 R38 Llc $78,139 --
Merricks Tracie L $80,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Faulkner Melissa S $204,822
Closed Weaver Melissa $160,300
Closed Weaver Melissa S $5,425
Closed Faulkner Melissa S $124,135
Previous Owner Merricks Tracie L $81,064
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/14/2012 09/14/12 Sold $129,000 -99.0% $122 / Sq Ft
08/01/2012 08/01/12 Pending -- -- --
06/01/2012 06/01/12 For Sale $13,490,000 -- $12,750 / 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
2024 $2,023 $191,400 $50,000 $141,400
2023 $1,603 $176,100 $45,000 $131,100
2022 $1,620 $176,100 $40,000 $136,100
2021 $1,502 $157,300 $38,000 $119,300
2020 $1,475 $155,300 $38,000 $117,300
2019 $1,365 $143,700 $38,000 $105,700
2018 $1,290 $135,800 $38,000 $97,800
2017 $1,260 $131,300 $38,000 $93,300
2016 $1,209 $125,900 $36,000 $89,900
2015 $1,212 $126,200 $36,000 $90,200
2014 $1,180 $122,900 $36,000 $86,900
Source: Public Records

Agents Affiliated with this Home

  • Diana Ofoia

    Seller's Agent in 2012

    Diana Ofoia

    United Real Estate Richmond

    22 Total Sales

    Diana Ofoia
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 1214394

Central Virginia Regional MLS

APN: 735-69-43-91-500-000

Virginia Chesterfield County Midlothian 23114

1516 Old Lyme Ln, Midlothian, VA

Homes for Sale in Midlothian, VA

This home is located at 1516 Old Lyme Ln, Midlothian, VA 23114 since 01 June 2012 and is currently estimated at $251,891, approximately $238 per square foot. This property was built in 1988. 1516 Old Lyme Ln is a home located in Chesterfield County with nearby schools including Evergreen Elementary, Midlothian Middle School, and Midlothian High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Central Virginia Regional MLS All or a portion of th multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

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