NOT LISTED FOR SALE

2461 Silver Lake Terrace Midlothian, VA 23112

Estimated Value: $349,000 - $379,000

3 Beds
2.5 Baths
1,555 Sq Ft
$234/Sq Ft Est. Value

Last Sold October 12, 2021

Last sale price $310,000 $199 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,388/month

3 Days on Market

Highlights

  • Deck
  • Rowhouse Architecture
  • Hydromassage or Jetted Bathtub
  • Midlothian High School Rated A
  • Wood Flooring
  • Separate Formal Living Room

About This Home

As of October 2021

You are going to LOVE this 3 bed, 2.5 bath Townhome located in the sought-after Watermill Subdivision. This home features a NEW ROOF, BRAND NEW CARPET, an UPDATED guest bath, Hardwood flooring throughout the 1st floor and so much more! Step inside this beauty to the 2-Story Foyer and Open 1st floor Living, Dining & Eat-in Kitchen. The dining room features a STUNNING Chandelier, Crown & Chair Molding w/Wainscotting & Hardwood Floors that continue through to the Half Bath and Living Room! The 2 Story Living Room highlights a Gas Fireplace, a wall of windows that offers AMPLE amounts of Natural light & access to the Back Deck! The HUGE eat-in Kitchen features Granite Countertops, Stainless Steel Appliances & Gas Stovetop, Tile Flooring & Pantry. Head upstairs to the 2nd Floor which highlights the Primary Bed w/Ensuite bath featuring a Jetted Soaking Tub, Dual Vanities & Walk-in Closet w/Built in Shelving. Down the hall, there are 2 additional bedrooms, 2nd floor Laundry & the updated Full Bath! Come inside and fall in LOVE for yourself!

Last Agent to Sell the Property

Heather Valentine

Valentine Properties License #0225077282 Listed on: 09/06/2021

Last Buyer's Agent

Heather Valentine

Valentine Properties License #0225077282 Listed on: 09/06/2021

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,176

Year Built

  • Built in 2007

Lot Details

  • 3,180 Sq Ft Lot

HOA Fees

  • $245 Monthly HOA Fees

Parking

  • 1 Car Direct Access Garage

Home Design

  • Rowhouse Architecture
  • Brick Exterior Construction
  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,555 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Separate Formal Living Room
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Granite Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Double Vanity
  • Hydromassage or Jetted Bathtub

Outdoor Features

  • Deck
  • Rear Porch

Schools

  • Swift Creek Elementary School
  • Tomahawk Creek Middle School
  • Midlothian High School

Utilities

  • Central Air
  • Heat Pump System
  • Gas Water Heater

Community Details

  • Watermill Subdivision

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 721-68-85-55-500-000

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,176

Year Built

Built in 2007

Lot Details

0

HOA Fees

$245 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Year Built: 2007
  • Property Attached Yn: Yes
  • Lot Size Acres: 0.073
  • Ownership: Individuals
  • Subdivision Name: Watermill
  • Architectural Style: Row House, Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Townhouse
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Attached,Townhouse
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Carpet, Wood
  • Appliances: Gas Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Separate/Formal Dining Room, Double Vanity, Eat-in Kitchen, Granite Counters, Jetted Tub, Bath in Primary Bedroom, Pantry, Recessed Lighting, Walk-In Closet(s)
  • Living Area: 1555.0
  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition, Shingle
  • Fencing: None
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Disclosure on File
  • Construction Type: Brick, Drywall, Frame, Vinyl Siding
  • Exterior Features: Deck
  • Patio And Porch Features: Rear Porch, Deck
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Attached, Direct Access, Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Home Owners Association
  • Association Fee: 245.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Common Areas

Schools

  • Middle Or Junior School: Tomahawk Creek

Lot Info

  • Parcel Number: 721-68-85-55-500-000
  • Zoning Description: R9
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 2176.0
  • Tax Lot: 16

MLS Schools

  • Elementary School: Swift Creek
  • High School: Midlothian

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2021
Closed on
Oct 4, 2021
Sold by
Lee Charles R and Lee Faustina L
Bought by
White John Robert and White Wanda
Seller's Agent
Heather Valentine
Valentine Properties
Buyer's Agent
Heather Valentine
Valentine Properties
List Price
$295,000
Sold Price
$310,000
Premium/Discount to List
$15,000
5.08%
Current Estimated Value
$363,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,887
Avg. Annual Appreciation
4.13%
Original Mortgage
$210,000
Outstanding Balance
$192,330
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$171,557

Purchase Details

Closed on
May 9, 2011
Sold by
Jones Shen T
Bought by
Lee Charles R and Lee Megan N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
4.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 20, 2007
Sold by
Centex Homes
Bought by
Jones Shea T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,650
Interest Rate
6.3%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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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
White John Robert $310,000 Attorney
Lee Charles R $205,000 --
Jones Shea T $290,070 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open White John Robert $210,000
Previous Owner Lee Charles R $164,000
Previous Owner Jones Shea T $265,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2021 10/12/21 Sold $310,000 +5.1% $199 / Sq Ft
09/09/2021 09/09/21 Pending -- -- --
09/06/2021 09/06/21 For Sale $295,000 -- $190 / 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 $2,667 $298,800 $71,500 $227,300
2024 $2,667 $294,800 $71,500 $223,300
2023 $2,570 $282,400 $66,000 $216,400
2022 $2,602 $282,800 $62,700 $220,100
2021 $2,282 $239,400 $60,500 $178,900
2020 $3,066 $229,100 $60,500 $168,600
2019 $2,173 $228,700 $60,500 $168,200
2018 $2,044 $217,300 $59,400 $157,900
2017 $2,017 $209,300 $57,200 $152,100
2016 $1,971 $205,300 $57,200 $148,100
2015 $1,857 $193,400 $48,000 $145,400
2014 $1,801 $187,600 $46,000 $141,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2128035

Central Virginia Regional MLS

APN: 721-68-85-55-500-000