NOT LISTED FOR SALE

2525 Water Race Terrace Midlothian, VA 23112

Estimated Value: $510,000 - $530,252

5 Beds
2.5 Baths
2,662 Sq Ft
$197/Sq Ft Est. Value

Last Sold April 16, 2021

Last sale price $395,000 $148 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $3,336/month

7 Days on Market

Highlights

  • In Ground Pool
  • Clubhouse
  • Wood Flooring
  • Midlothian High School Rated A
  • Deck
  • Hydromassage or Jetted Bathtub

About This Home

As of April 2021

Welcome to this updated 5 bedroom, 2.5 bath, 2 car garage home on a cul-de-sac street in the beautiful Watermill community. Rest easy knowing there is a new roof (2020), new dishwasher, range, and refrigerator (2020), fresh paint and brand-new carpet throughout the home, and a deck that has been recently power washed and stained. You will love the architectural character like inviting 2-story foyer, large windows, arched doorways in formal rooms, bright bay window in the living room, gas fireplace with dentil molding in the family room, and hardwood floors in living, dining, foyer, and kitchen. The eat-in kitchen boasts stainless steel appliances, tile backsplash, solid surface counters, newly painted white cabinets, and island. On the second floor, find five bedrooms and two bathrooms with an open hallway overlooking the foyer. This bright owner’s suite includes a bathroom with jetted tub, double vanity, newly painted white cabinets, stand-up shower, large walk-in closet, and additional linen closet. Enjoy neighborhood amenities like pool, tennis courts, clubhouse, and playground.

Last Agent to Sell the Property

Sarah Bice

Sarah Bice & Associates RE License #0225069620 Listed on: 03/15/2021

Co-Listed By

Tara Daly

Sarah Bice & Associates RE License #0225186091

Last Buyer's Agent

Nassef Elsakr

A Plus Realty and Associates Inc License #0225083186

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,960

Year Built

  • Built in 2006

Lot Details

  • 9,365 Sq Ft Lot
  • Sprinkler System
  • Zoning described as R9

HOA Fees

  • $65 Monthly HOA Fees

Parking

  • 2 Car Direct Access Garage
  • Oversized Parking
  • Garage Door Opener
  • Driveway

Home Design

  • Frame Construction
  • Shingle Roof
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,662 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Bay Window
  • Sliding Doors
  • Separate Formal Living Room
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Oven
  • Induction Cooktop
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

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

Outdoor Features

  • In Ground Pool
  • Deck
  • Rear Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 33
  • Assessor Parcel Number 722-69-01-16-400-000

Community Details

Overview

  • Watermill Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,960

Year Built

Built in 2006

Lot Details

0

HOA Fees

$65 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2006
  • Property Attached Yn: No
  • Lot Size Acres: 0.215
  • Co List Office Mls Id: SBAR01
  • Co List Office Phone: 804-421-7777
  • Ownership: Individuals
  • Subdivision Name: Watermill
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Carpet, Vinyl, Wood
  • Basement: Crawl Space
  • Appliances: Dishwasher, Electric Cooking, Disposal, Gas Water Heater, Microwave, Oven, Smooth Cooktop
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: Sliding Doors
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Bay Window, Ceiling Fan(s), Separate/Formal Dining Room, Double Vanity, Eat-in Kitchen, High Ceilings, Jetted Tub, Kitchen Island, Bath in Primary Bedroom, Pantry, Solid Surface Counters, Walk-In Closet(s)
  • Living Area: 2662.0
  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition, Shingle
  • Fencing: None
  • Pool Features: In Ground, None, Community
  • Waterfront: No
  • Construction Type: Frame, Vinyl Siding
  • Exterior Features: Deck, Sprinkler/Irrigation, Paved Driveway
  • Patio And Porch Features: Rear Porch, Deck
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Direct Access, Driveway, Garage, Garage Door Opener, Oversized, Paved

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Clubhouse, Home Owners Association, Playground, Pool, Tennis Court(s)
  • Association Fee: 195.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Fee Information

  • Association Fee Includes: Clubhouse, Common Areas, Pool(s)

Schools

  • Middle Or Junior School: Tomahawk Creek

Lot Info

  • Parcel Number: 722-69-01-16-400-000
  • Zoning Description: R9
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 2960.0
  • Tax Lot: 33

MLS Schools

  • Elementary School: Swift Creek
  • High School: Midlothian

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2021
Closed on
Apr 9, 2021
Sold by
Choi Yong C and Lee Jae S
Bought by
Ebrahim Aml and Ebrahim E
Seller's Agent
Sarah Bice
Sarah Bice & Associates RE
Buyer's Agent
Nassef Elsakr
A Plus Realty and Associates Inc
List Price
$374,950
Sold Price
$395,000
Premium/Discount to List
$20,050
5.35%
Current Estimated Value
$523,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,563
Avg. Annual Appreciation
6.46%
Original Mortgage
$304,000
Outstanding Balance
$276,253
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$239,155

Purchase Details

Closed on
Jul 20, 2006
Sold by
Centex Homes
Bought by
Choi Young and Lee,Jae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,000
Interest Rate
6.67%
Mortgage Type
New Conventional
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
Ebrahim Aml $395,000 Fidelity National Title
Choi Young $364,310 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ebrahim Aml $304,000
Previous Owner Choi Young $254,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/16/2021 04/16/21 Sold $395,000 +5.3% $148 / Sq Ft
03/22/2021 03/22/21 Pending -- -- --
03/15/2021 03/15/21 For Sale $374,950 -- $141 / 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 $4,560 $509,500 $81,000 $428,500
2024 $4,560 $453,700 $76,500 $377,200
2023 $3,797 $417,300 $72,000 $345,300
2022 $3,319 $360,800 $69,300 $291,500
2021 $3,095 $321,000 $67,500 $253,500
2020 $3,106 $320,100 $67,500 $252,600
2019 $2,960 $311,600 $67,500 $244,100
2018 $2,914 $311,600 $67,500 $244,100
2017 $2,818 $288,300 $63,000 $225,300
2016 $2,691 $280,300 $61,200 $219,100
2015 $2,733 $282,100 $64,600 $217,500
2014 $2,687 $277,300 $68,000 $209,300
Source: Public Records

Agents Affiliated with this Home

  • Sarah Bice

    Seller's Agent in 2021

    Sarah Bice

    Sarah Bice & Associates RE

    (804) 421-7777

    6 in this area

    246 Total Sales

    Sarah Bice
    Section Image
  • Tara Daly

    Seller Co-Listing Agent in 2021

    Tara Daly

    Sarah Bice & Associates RE

    (804) 301-6465

    2 in this area

    84 Total Sales

    Tara Daly
    Section Image
  • Nassef Elsakr

    Buyer's Agent in 2021

    Nassef Elsakr

    A Plus Realty and Associates Inc

    (804) 601-4779

    1 in this area

    17 Total Sales

    Nassef Elsakr
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 2106140

Central Virginia Regional MLS

APN: 722-69-01-16-400-000

Virginia Chesterfield County Midlothian 23112

2525 Water Race Terrace, Midlothian, VA

This home is located at 2525 Water Race Terrace, Midlothian, VA 23112 since 15 March 2021 and is currently estimated at $523,563, approximately $196 per square foot. This property was built in 2006. 2525 Water Race Terrace is a home located in Chesterfield County with nearby schools including Swift Creek Elementary School, Tomahawk Creek 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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