NOT LISTED FOR SALE

1521 Cedar Crest Ln Henrico, VA 23231

Eastern Henrico Neighborhood

Estimated Value: $910,000 - $1,525,520

48.89 Acres
$24,609 Price per Acre
2,129,692 Sq Ft Lot

Last Sold June 28, 2018

Last sale price $973,000 $414 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $7,078/month

249 Days on Market

Highlights

  • Home fronts navigable water
  • Barn
  • Outdoor Storage
  • River Access
  • 48.89 Acre Lot
  • Crops

About This Lot

As of June 2018

Bring All Offers! Awesome Investment potential for this magnificent Riverfront acreage with 810 +/- ft of deep-water dockable James River Frontage. Build your dream home at "Cedar Crest on the James" a 49 acre Riverfront Estate or divide the tract into minimum 1-Acre Lots (as allowed by A-1 Zoning). Enjoy the lifestyle as you watch the boats go up the River! Potential for a private dock or marina, subject to county, state, and federal approval(s), and a convenient 9-mile +/- boat ride to Rocketts Landing. Long frontage (1325 +/-) on Osborne Turnpike and about 38 acres of picturesque cropland. Ideal for a large riverfront estate, family riverfront division, A-1 Allowable 1-Acre lot subdivision, conservation easement, nutrient bank, etc. Conveniently located to Richmond Airport, Shockoe Bottom (10 minutes +/-), Richmond and Chesterfield. Subject property is situated about 0.35 miles +/- North of Osborne Pike Boat Landing and the Kingsland Reach Marina.

Last Agent to Sell the Property

Dave Worrie

RE/MAX Commonwealth License #0225141295 Listed on: 04/28/2017

RE/MAX Commonwealth

Last Buyer's Agent

Curt Reichstetter

Two Dog Realty License #0225078136

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,103

Lot Details

  • 48.89 Acre Lot
  • Home fronts navigable water
  • River Front
  • May Be Possible The Lot Can Be Split Into 2+ Parcels
  • Zoning described as A1

Home Design

  • Cabin

Outdoor Features

  • River Access
  • Walking Distance to Water
  • Outdoor Storage

Schools

  • Mehfoud Elementary School
  • Rolfe Middle School
  • Varina High School

Farming

  • Barn
  • Crops

Utilities

  • Water Not Available
  • Sewer Not Available

Listing and Financial Details

  • Tax Lot 25
  • Assessor Parcel Number 805-674-5276

Property Details

Property Type

Land

Est. Annual Taxes

$4,103

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Unimproved Land
  • Lot Size Acres: 48.891
  • Water Body Name: James River
  • Ownership: Estate
  • Subdivision Name: None
  • Special Features: None

Interior Features

  • Possible Use: Farm, Investment, Recreational, Subdivision, Single Family
  • Basement YN: No

Exterior Features

  • Lot Features: Split Possible, Waterfront
  • Waterfront Features: Navigable Water, River Front, River Access, Water Access, Walk to Water, Waterfront
  • Waterfront: Yes
  • Other Structures: Barn(s), Cabin, Residence, Storage, Utility Building(s)

Utilities

  • Sewer: None
  • Water Source: None
  • Electricity On Property: Yes
  • Utilities: Natural Gas Not Available, Phone Available, Electricity Available

Schools

  • Middle Or Junior School: Rolfe

Lot Info

  • Parcel Number: 805-674-5276
  • Pasture Area: 38.0
  • Wooded Area: 10.0
  • Zoning Description: A1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 4103.0
  • Tax Lot: 25

MLS Schools

  • Elementary School: Mehfoud
  • High School: Varina

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 9, 2021
Sold by
Welch Randall G
Bought by
Rockport Farms Llc
Current Estimated Value
$1,203,173

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Outstanding Balance
$1,252,146
Interest Rate
2.7%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$48,973

Purchase Details

Closed on
Sep 14, 2020
Sold by
Welch Randall G and Welch Meade F
Bought by
The Capital Region Land Conservancy Inc

Purchase Details

Listed on
Apr 28, 2017
Closed on
Jun 21, 2018
Sold by
Davis Christopher and Dudley Jessie
Bought by
Welch Randall G
Seller's Agent
Dave Worrie
RE/MAX Commonwealth
Buyer's Agent
Curt Reichstetter
Two Dog Realty
List Price
$1,395,000
Sold Price
$973,000
Premium/Discount to List
-$422,000
-30.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.96%
Original Mortgage
$500,000
Interest Rate
4.6%
Mortgage Type
Farmers Home Administration
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
Rockport Farms Llc $685,000 Attorney
The Capital Region Land Conservancy Inc -- None Available
Welch Randall G $973,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rockport Farms Llc $1,400,000
Previous Owner Welch Randall G $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2018 06/28/18 Sold $973,000 -1.2% $414 / Sq Ft
01/02/2018 01/02/18 Pending -- -- --
11/21/2017 11/21/17 Price Changed $985,000 -29.4% $419 / Sq Ft
04/28/2017 04/28/17 For Sale $1,395,000 -- $593 / 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 $9,217 $1,062,300 $449,200 $613,100
2024 $9,217 $438,000 $438,000 $0
2023 $3,723 $438,000 $438,000 $0
2022 $3,719 $437,500 $437,500 $0
2021 $4,092 $468,400 $438,300 $30,100
2020 $4,115 $473,000 $438,300 $34,700
2019 $4,179 $480,300 $448,800 $31,500
2018 $4,189 $481,500 $451,000 $30,500
2017 $4,103 $471,600 $443,200 $28,400
2016 $4,103 $471,600 $443,200 $28,400
2015 $3,892 $468,500 $443,300 $25,200
2014 $3,892 $447,400 $422,200 $25,200
Source: Public Records

Agents Affiliated with this Home

  • Dave Worrie

    Seller's Agent in 2018

    Dave Worrie

    RE/MAX

    (804) 307-1494

    6 Total Sales

    Dave Worrie
    Section Image
  • Curt Reichstetter

    Buyer's Agent in 2018

    Curt Reichstetter

    Two Dog Realty

    (804) 370-1210

    1 in this area

    79 Total Sales

    Curt Reichstetter
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 1715248

Central Virginia Regional MLS

APN: 805-674-5276

Virginia Henrico County Henrico 23231 Eastern Henrico

1521 Cedar Crest Ln, Henrico, VA

This home is located at 1521 Cedar Crest Ln, Henrico, VA 23231 since 28 April 2017 and is currently estimated at $1,203,173, approximately $511 per square foot. 1521 Cedar Crest Ln is a home located in Henrico County with nearby schools including Mehfoud Elementary School, Varina Elementary, and John Rolfe Middle 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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