NOT LISTED FOR SALE

3138 Lake Terrace Ct Unit 3138 Richmond, VA 23235

Huguenot Neighborhood

Estimated Value: $297,000 - $304,223

3 Beds
2 Baths
1,207 Sq Ft
$249/Sq Ft Est. Value

Last Sold May 12, 2023

Last sale price $260,000 $215 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $2,353/month

5 Days on Market

Highlights

  • Lake Front
  • Community Lake
  • Property is near public transit
  • Senior Community
  • Clubhouse
  • Wood Flooring

About This Home

As of May 2023

This precious THREE BEDROOM/TWO BATHROOM, CORNER unit has views of the lake and is a quick walk to the Community Center. Enjoy maintenance-free living in this 55+ community with no more yardwork, no more exterior maintenance, and lots more time to enjoy life! There is a large family room/dining area with built-ins and access to the kitchen. The primary bedroom has two large closets and an en suite bath, while the other two bedrooms share a nice full bath in the hallway. There is a charming brick-enclosed front porch as well as a rear patio. The association dues (total of $662.58) cover water, sewer, trash, removal, snow removal, exterior maintenance and groundskeeping, as well as participation in community events, use of the Lodge and deck, and so much more. Take a stroll along the lake, or even to the Stony Point Shopping Center with Trader Joe’s, restaurants and shops. If you’re feeling even more adventurous, the trailhead to beautiful Larus Park is a mere .6 miles away. Your next home is ready for you this spring!

Last Agent to Sell the Property

Jennie Barrett Shaw

The Steele Group License #0225063708 Listed on: 04/04/2023

The Steele Group

Last Buyer's Agent

Jason Woodin

Long & Foster REALTORS License #0225082784

Long & Foster REALTORS

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,136

Year Built

  • Built in 1987

Lot Details

  • 1,498 Sq Ft Lot
  • Lake Front

HOA Fees

  • $458 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Cottage
  • Bungalow
  • Patio Home
  • Brick Exterior Construction
  • Composition Roof

Interior Spaces

  • 1,207 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Bookcases
  • Gas Fireplace
  • French Doors
  • Dining Area
  • Water Views
  • Crawl Space

Kitchen

  • Oven
  • Dishwasher

Flooring

  • Wood
  • Parquet
  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Walking Distance to Water
  • Patio
  • Front Porch

Location

  • Property is near public transit

Schools

  • Fisher Elementary School
  • Lucille Brown Middle School
  • Huguenot High School

Utilities

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

Listing and Financial Details

  • Tax Lot 63
  • Assessor Parcel Number C001-1100-104

Community Details

Overview

  • Senior Community
  • Summerhill At Stony Point Condo Subdivision
  • Maintained Community
  • Community Lake
  • Pond in Community

Amenities

  • Common Area
  • Clubhouse

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,136

Year Built

Built in 1987

Lot Details

0

HOA Fees

$458 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Year Built: 1987
  • Property Attached Yn: Yes
  • Lot Size Acres: 0.0344
  • Water Body Name: Lake
  • Ownership: Individuals
  • Subdivision Name: Summerhill At Stony Point Condo
  • Architectural Style: Bungalow, Cottage, Patio Home
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Townhouse
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Carpet, Laminate, Parquet, Wood
  • Basement: Crawl Space
  • Appliances: Dryer, Dishwasher, Oven, Refrigerator, Washer
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: French Doors
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Bookcases, Built-in Features, Bedroom on Main Level, Dining Area, French Door(s)/Atrium Door(s), Bath in Primary Bedroom, Main Level Primary
  • Living Area: 1207.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: None
  • Lot Features: Level
  • Pool Features: None
  • View: Water
  • View: Yes
  • Waterfront Features: Lake, Lake Front, Walk to Water, Waterfront
  • Waterfront: Yes
  • Construction Type: Brick
  • Exterior Features: Porch
  • Patio And Porch Features: Rear Porch, Front Porch, Patio, Porch
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Assigned

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: Common Grounds/Area, Clubhouse, Lake, Maintained Community, Pond, Public Transportation, Sidewalks
  • Senior Community: Yes
  • Amenities: Landscaping, Management
  • Association Fee: 458.03
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Clubhouse, Common Areas, Maintenance Grounds, Maintenance Structure, Sewer, Snow Removal, Trash, Water

Schools

  • Middle Or Junior School: Lucille Brown

Lot Info

  • Parcel Number: C001-1100-104
  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2136.0
  • Tax Lot: 63

MLS Schools

  • Elementary School: Fisher
  • High School: Huguenot

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2023
Closed on
May 11, 2023
Sold by
Hughes Mary M
Bought by
Gammel John and Gammel Sheila
Seller's Agent
Jennie Barrett Shaw
The Steele Group
Buyer's Agent
Jason Woodin
Long & Foster REALTORS
List Price
$269,000
Sold Price
$260,000
Premium/Discount to List
-$9,000
-3.35%
Views
2
Current Estimated Value
$301,245

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,245
Avg. Annual Appreciation
6.49%
Original Mortgage
$208,000
Outstanding Balance
$203,252
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$96,081

Purchase Details

Closed on
Nov 12, 2018
Sold by
Hinchman Daniel E and Johnson Patricia H
Bought by
Hughes Mary Marjorie

Purchase Details

Closed on
Jan 17, 1996
Sold by
Lindquest Marth T
Bought by
Matthews Doris P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
7.16%
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
Gammel John $260,000 Stewart Title Guaranty Company
Hughes Mary Marjorie $180,000 Attorney
Matthews Doris P $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gammel John $208,000
Previous Owner Matthews Doris P $95,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2023 05/12/23 Sold $260,000 -3.3% $215 / Sq Ft
04/10/2023 04/10/23 Pending -- -- --
04/05/2023 04/05/23 For Sale $269,000 -- $223 / 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 $2,952 $246,000 $35,000 $211,000
2024 $2,712 $226,000 $35,000 $191,000
2023 $2,484 $207,000 $35,000 $172,000
2022 $2,136 $178,000 $35,000 $143,000
2021 $2,016 $178,000 $35,000 $143,000
2020 $2,016 $168,000 $35,000 $133,000
2019 $2,016 $168,000 $35,000 $133,000
2018 $2,016 $168,000 $35,000 $133,000
2017 $2,064 $172,000 $50,000 $122,000
2016 $2,064 $172,000 $50,000 $122,000
2015 $2,700 $191,000 $55,000 $136,000
2014 $2,700 $225,000 $60,000 $165,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2307675

Central Virginia Regional MLS

APN: C001-1100-104