NOT LISTED FOR SALE

2607 Water Race Terrace Midlothian, VA 23112

Estimated Value: $493,000 - $520,788

5 Beds
2.5 Baths
2,640 Sq Ft
$192/Sq Ft Est. Value

Last Sold November 05, 2021

Last sale price $410,000 $155 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,222/month

7 Days on Market

Highlights

  • Outdoor Pool
  • Clubhouse
  • Wood Flooring
  • Midlothian High School Rated A
  • Deck
  • Separate Formal Living Room

About This Home

As of November 2021

Welcome home to a well-maintained home in a highly desired Midlothian neighborhood! This home features beautiful hardwood floors throughout the downstairs that continue upstairs in the hallway and primary bedroom/closet. The family room is spacious and inviting with a gas fireplace, and flows to the eat-in kitchen which features newer, black stainless appliances and good storage with a pantry (and an additional pantry off the half bath). The morning room is bright and inviting with built-in bookcases and additional storage. Upstairs, the primary bedroom contains a walk-in closet with custom organization, and a bathroom with a relaxing garden tub and separate shower. Bedrooms 2, 3, and 4 all have large closets, and the 5th bedroom is HUGE and easily could be used as a home office, playroom, exercise room, or combination of the above. The 2nd floor also contains a walk-in laundry room and utility sink. The yard has 2 new, composite decks out back (2021), a patio and firepit, and terraced landscaping. Home has new roof (2020) and a new outdoor heat pump unit (2021). Additional storage can be found in the pull-down attic and 2-car garage. This home is a must see!

Last Agent to Sell the Property

Corbin Wright

Wind Chime Properties License #0225251066 Listed on: 09/07/2021

Last Buyer's Agent

Nickole Campbell

BHG Base Camp License #0225203578

BHG Base Camp

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,968

Year Built

  • Built in 2006

Lot Details

  • 9,583 Sq Ft Lot
  • Back Yard Fenced
  • Sprinkler System
  • Zoning described as R9

HOA Fees

  • $60 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 2,640 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Bookcases
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Separate Formal Living Room
  • Crawl Space

Kitchen

  • Eat-In Kitchen
  • Gas Cooktop
  • <<microwave>>
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 5 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Double Vanity
  • Garden Bath

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Outdoor Features

  • Outdoor Pool
  • Deck
  • Patio
  • Play Equipment
  • Front Porch

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 30
  • Assessor Parcel Number 722690064100000

Community Details

Overview

  • Watermill Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Playground
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,968

Year Built

Built in 2006

Lot Details

0

HOA Fees

$60 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: 0.22
  • 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: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Carpet, Tile, Vinyl, Wood
  • Basement: Crawl Space
  • Appliances: Dryer, Dishwasher, Gas Cooking, Disposal, Gas Water Heater, Microwave, Refrigerator, Washer
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Bookcases, Built-in Features, Ceiling Fan(s), Separate/Formal Dining Room, Double Vanity, Eat-in Kitchen, Garden Tub/Roman Tub, High Ceilings, Bath in Primary Bedroom, Pantry, Recessed Lighting, Solid Surface Counters, Walk-In Closet(s)
  • Living Area: 2640.0
  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Fencing: Back Yard, Fenced
  • Pool Features: Pool, Community
  • Waterfront: No
  • Disclosures: Familial Relation, Owner Is Listing Agent
  • Construction Type: Drywall, Frame, Vinyl Siding
  • Exterior Features: Deck, Sprinkler/Irrigation, Play Structure
  • Patio And Porch Features: Front Porch, Patio, Deck
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Garage Door Opener

Utilities

  • Heating: Heat Pump, Natural Gas
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Security System, Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Clubhouse, Community Pool, Playground, Pool, Tennis Court(s)
  • Association Fee: 180.0
  • 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: 722690064100000
  • Zoning Description: R9
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 2968.0
  • Tax Lot: 30

MLS Schools

  • Elementary School: Swift Creek
  • High School: Midlothian

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2021
Closed on
Oct 27, 2021
Sold by
Wright Lucas and Wright Corbin
Bought by
Holcombe George and Holcombe Steffany
Seller's Agent
Corbin Wright
Wind Chime Properties
Buyer's Agent
Nickole Campbell
BHG Base Camp
List Price
$399,950
Sold Price
$410,000
Premium/Discount to List
$10,050
2.51%
Current Estimated Value
$506,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,197
Avg. Annual Appreciation
6.26%
Original Mortgage
$328,000
Outstanding Balance
$302,009
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$210,905

Purchase Details

Closed on
May 5, 2016
Sold by
Gupta Riteshkumar Suresh and Gupta Rupam
Bought by
Wright Lucas and Wright Corbin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,500
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2006
Sold by
Centex Homes
Bought by
Gupta Riteshkumar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$263,344
Interest Rate
6.4%
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
Holcombe George $410,000 Atlantic Coast Stlmnt Svcs
Wright Lucas $310,000 Attorney
Gupta Riteshkumar $329,180 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holcombe George $328,000
Previous Owner Wright Lucas $280,000
Previous Owner Wright Lucas $294,500
Previous Owner Gupta Riteshkumar S $268,738
Previous Owner Gupta Riteshkumar S $301,750
Previous Owner Gupta Riteshkumar $263,344
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/05/2021 11/05/21 Sold $410,000 +2.5% $155 / Sq Ft
09/14/2021 09/14/21 Pending -- -- --
09/07/2021 09/07/21 For Sale $399,950 +29.0% $151 / Sq Ft
07/14/2016 07/14/16 Sold $310,000 -2.4% $117 / Sq Ft
06/02/2016 06/02/16 Pending -- -- --
05/18/2016 05/18/16 For Sale $317,500 -- $120 / 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 $4,402 $491,800 $81,000 $410,800
2024 $4,402 $443,300 $76,500 $366,800
2023 $3,756 $412,800 $72,000 $340,800
2022 $3,326 $361,500 $69,300 $292,200
2021 $3,121 $321,600 $67,500 $254,100
2020 $3,981 $320,700 $67,500 $253,200
2019 $2,968 $312,400 $67,500 $244,900
2018 $2,922 $312,400 $67,500 $244,900
2017 $2,825 $289,100 $63,000 $226,100
2016 $2,699 $281,100 $61,200 $219,900
2015 $2,742 $283,000 $64,600 $218,400
2014 $2,695 $278,100 $68,000 $210,100
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2021

    Corbin Wright

    Wind Chime Properties

    (804) 519-6401

    1 in this area

    6 Total Sales

    Corbin Wright
    Section Image

  • N

    Buyer's Agent in 2021

    Nickole Campbell

    Better Homes and Gardens Real Estate Main Street Properties

    3 in this area

    21 Total Sales

    Nickole Campbell
    Section Image
  • Beth Pretty

    Seller's Agent in 2016

    Beth Pretty

    KW Metro Center

    (804) 922-6243

    8 in this area

    209 Total Sales

    Beth Pretty
    Section Image
  • Danielle Kenny

    Buyer's Agent in 2016

    Danielle Kenny

    Wind Chime Properties

    (804) 467-9350

    1 in this area

    38 Total Sales

    Danielle Kenny
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 2127277

Central Virginia Regional MLS

APN: 722-69-00-64-100-000

Virginia Chesterfield County Midlothian 23112

2607 Water Race Terrace, Midlothian, VA

This home is located at 2607 Water Race Terrace, Midlothian, VA 23112 since 07 September 2021 and is currently estimated at $506,197, approximately $191 per square foot. This property was built in 2006. 2607 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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