NOT LISTED FOR SALE

2240 Magnolia Grove Way Midlothian, VA 23113

Bon Air Neighborhood

Estimated Value: $410,000 - $435,000

3 Beds
2.5 Baths
1,942 Sq Ft
$420/mo HOA Fee

Last Sold June 11, 2024

Last sale price $440,000 $227 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,956/month

6 Days on Market

Highlights

  • Water Views
  • Active Adult
  • Transitional Architecture
  • Home fronts a pond
  • Community Lake
  • Cathedral Ceiling

About This Home

As of June 2024

Welcome to 2240 Magnolia Grove Way! Enjoy the ease of low-maintenance living in this 3-bedroom, 2.5-bathroom home located in the sought-after 55+ community of The Pointe at Bellgrade! Relax in the open and spacious living room with vaulted ceilings and gas fireplace. Convenient first-floor primary suite, complete with walk-in closet and en-suite bathroom. Step outside to your own private oasis, where the largest back patio in the community awaits, overlooking a pond with two water fountains and paved walking path. The home features first-floor laundry, an attached garage, tankless water heater, a brand new roof currently being installed by the HOA, Trane HVAC system with transferable warranty (2016), and eat-in kitchen, and all appliances replaced within the last three years. Don’t miss this rare opportunity to own a home across from The Shoppes at Bellgrade!

Last Agent to Sell the Property

Jess Houser

Nest Realty Group Brokerage Phone: (540) 849-8211 License #0225243107 Listed on: 05/06/2024

Nest Realty Group

Last Buyer's Agent

Casey Smith

The Steele Group License #0225183573

The Steele Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,005

Year Built

  • Built in 2002

Lot Details

  • Home fronts a pond
  • Sprinkler System

HOA Fees

  • $420 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Transitional Architecture
  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,942 Sq Ft Home
  • 2-Story Property
  • Wired For Data
  • Cathedral Ceiling
  • Recessed Lighting
  • Gas Fireplace
  • Thermal Windows
  • Window Treatments
  • Bay Window
  • Dining Area
  • Loft
  • Water Views

Kitchen

  • Breakfast Area or Nook
  • Oven
  • Induction Cooktop
  • Microwave
  • Dishwasher
  • Laminate Countertops
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Linoleum

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Double Vanity
  • Garden Bath

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Exterior Lighting
  • Front Porch

Schools

  • Robious Elementary And Middle School
  • James River High School

Utilities

  • Central Air
  • Heat Pump System
  • Vented Exhaust Fan
  • Tankless Water Heater
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number 740-71-54-03-800-019

Community Details

Overview

  • Active Adult
  • The Pointe At Bellgrade Subdivision
  • Maintained Community
  • Community Lake
  • Pond in Community

Recreation

  • Trails

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,005

Year Built

Built in 2002

Lot Details

0

HOA Fees

$420 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 2002
  • Property Attached Yn: Yes
  • Attribution Contact: (540) 849-8211
  • Ownership: Individuals
  • Subdivision Name: The Pointe At Bellgrade
  • Above Grade Finished Sq Ft: 1942.0
  • Architectural Style: Two Story, Transitional
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Linoleum, Partially Carpeted, Wood
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Cooking, Disposal, Microwave, Oven, Range, Refrigerator, Smooth Cooktop, Tankless Water Heater, Washer
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Breakfast Area, Bay Window, Cathedral Ceiling(s), Dining Area, Double Vanity, Fireplace, Garden Tub/Roman Tub, High Ceilings, High Speed Internet, Laminate Counters, Loft, Bath in Primary Bedroom, Main Level Primary, Pantry, Recessed Lighting, Wired for Data, Walk-In Closet(s), Window Treatments
  • Living Area: 1942.0
  • Stories: 2
  • Window Features: Thermal Windows, Window Treatments
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: None
  • Lot Features: Level
  • Pool Features: None
  • View: Water
  • View: Yes
  • Waterfront Features: Pond
  • Waterfront: No
  • Disclosures: Seller Disclosure
  • Construction Type: Drywall, Frame, Vinyl Siding
  • Exterior Features: Sprinkler/Irrigation, Lighting, Paved Driveway
  • Foundation Details: Slab
  • Other Structures: Garage(s)
  • Patio And Porch Features: Rear Porch, Front Porch, Patio
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Attached, Driveway, Garage, Garage Door Opener, Paved

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Washer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Home Owners Association, Lake, Maintained Community, Pond, Trails/Paths
  • Senior Community: Yes
  • Amenities: Landscaping, Management
  • Association Fee: 420.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Common Areas, Maintenance Grounds, Maintenance Structure, Road Maintenance, Snow Removal, Trash

Schools

  • Middle Or Junior School: Robious

Lot Info

  • Topography: Level
  • Parcel Number: 740-71-54-03-800-019
  • Zoning Description: RMF
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3004.82

MLS Schools

  • Elementary School: Robious
  • High School: James River

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2024
Closed on
Jun 4, 2024
Sold by
Ivey Daniel K and Ivey Dorothy C
Bought by
Ballard Family Trust and Ballard
Seller's Agent
Jess Houser
Nest Realty Group
Buyer's Agent
Casey Smith
The Steele Group
List Price
$400,000
Sold Price
$440,000
Premium/Discount to List
$40,000
10%
Views
44
Current Estimated Value
$426,858

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,142
Avg. Annual Appreciation
0.25%
Original Mortgage
$352,000
Outstanding Balance
$348,573
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$92,808
Source: Public Records

Range of Values:

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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
Ballard Family Trust $440,000 Old Republic National Title In
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ballard Family Trust $352,000
Previous Owner Ivey Daniel K $101,600
Previous Owner Ivey Daniel K $188,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2024 06/11/24 Sold $440,000 +10.0% $227 / Sq Ft
05/13/2024 05/13/24 Pending -- -- --
05/06/2024 05/06/24 For Sale $400,000 -- $206 / 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 $3,380 $378,900 $83,000 $295,900
2024 $3,380 $354,300 $78,000 $276,300
2023 $3,005 $330,200 $65,000 $265,200
2022 $2,729 $296,600 $55,000 $241,600
2021 $2,754 $289,100 $54,000 $235,100
2020 $2,746 $289,100 $54,000 $235,100
2019 $2,623 $276,100 $52,000 $224,100
2018 $2,556 $269,000 $51,000 $218,000
2017 $2,464 $256,700 $49,000 $207,700
2016 $2,448 $255,000 $49,000 $206,000
2015 $2,355 $245,300 $49,000 $196,300
2014 $2,242 $233,500 $48,000 $185,500
Source: Public Records

Agents Affiliated with this Home

  • Jess Houser

    Seller's Agent in 2024

    Jess Houser

    Nest Realty Group

    (540) 849-8211

    3 in this area

    69 Total Sales

    Jess Houser
    Section Image
  • Casey Smith

    Buyer's Agent in 2024

    Casey Smith

    The Steele Group

    (804) 690-2976

    7 in this area

    167 Total Sales

    Casey Smith
    Section Image
See All Agents

Map

Source: Central Virginia Regional MLS

MLS Number: 2411293

Central Virginia Regional MLS

APN: 740-71-54-03-800-019

Virginia Chesterfield County Midlothian 23113 Bon Air

2240 Magnolia Grove Way, Midlothian, VA

This home is located at 2240 Magnolia Grove Way, Midlothian, VA 23113 since 06 May 2024 and is currently estimated at $426,858, approximately $219 per square foot. This property was built in 2002. 2240 Magnolia Grove Way is a home located in Chesterfield County with nearby schools including Robious Elementary School, Robious Middle School, and James River 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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