NOT LISTED FOR SALE

Estimated Value: $556,599 - $591,000

5 Beds
2.5 Baths
2,832 Sq Ft
$205/Sq Ft Est. Value

Last Sold July 21, 2023

Last sale price $540,000 $191 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,585/month

8 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Granite Countertops
  • Cathedral Ceiling
  • Separate Formal Living Room
  • Breakfast Area or Nook

About This Home

As of July 2023

Welcome to 5027 White Gate Drive. A meticulously maintained home featuring attached and detached garages, large paved driveway sealed in 2022, covered wrap around front porch, large yard for gardening, with a 10-zone irrigation system. Inside this spacious home features an expansive eat-in kitchen that's made for cooking and entertaining and opens to the rear deck and new patio with gazebo. Just off the kitchen is an open family room, dining room and office, hardwood floors abound. This home has five bedrooms, three of which open to wide hallway on the second level. Other features include a 20kw whole house generator, water conditioner, gutter guard system, 2nd and 3rd floor HVAC 2019, new gas furnace on 1st level added 2016, holiday light package in the front windows, all situated on a large acre lot in a peaceful setting.

Last Agent to Sell the Property

Deane Cheatham

Hometown Realty License #0225037630 Listed on: 04/28/2023

Hometown Realty

Co-Listed By

Stokes McCune

Hometown Realty License #0225236583

Last Buyer's Agent

Bree Cox

Century 21 Realty @ Home License #0225219684

Century 21 Realty @ Home

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,481

Year Built

  • Built in 2004

Lot Details

  • 1.04 Acre Lot
  • Zoning described as A1

HOA Fees

  • $33 Monthly HOA Fees

Parking

  • 4 Car Garage
  • Driveway

Home Design

  • Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 2,832 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Separate Formal Living Room
  • Crawl Space

Kitchen

  • Breakfast Area or Nook
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

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

Outdoor Features

  • Deck
  • Patio
  • Wrap Around Porch

Schools

  • Ward Elementary School
  • Elko Middle School
  • Varina High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Well
  • Septic Tank

Community Details

  • White Oak Forest Subdivision

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 840-699-7856

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,481

Year Built

Built in 2004

Lot Details

0

HOA Fees

$33 per month

Parking

4

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2004
  • Property Attached Yn: No
  • Lot Size Acres: 1.038
  • Co List Office Mls Id: HORI05
  • Co List Office Phone: 804-752-7585
  • Ownership: Individuals
  • Subdivision Name: White Oak Forest
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Approximate
  • 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: Dishwasher, Gas Cooking, Microwave
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Breakfast Area, Ceiling Fan(s), Cathedral Ceiling(s), Separate/Formal Dining Room, Double Vanity, Fireplace, Granite Counters, Bath in Primary Bedroom, Walk-In Closet(s)
  • Living Area: 2832.0
  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Shingle
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame, Vinyl Siding
  • Exterior Features: Paved Driveway
  • Patio And Porch Features: Deck, Patio, Wrap Around
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 4.0
  • Parking Features: Attached, Driveway, Detached, Garage, Paved

Utilities

  • Heating: Electric, Forced Air, Natural Gas, Zoned
  • Cooling: Central Air, Zoned
  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 400.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Middle Or Junior School: Elko

Lot Info

  • Parcel Number: 840-699-7856
  • Zoning Description: A1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 3481.0
  • Tax Lot: 7

MLS Schools

  • Elementary School: Ward
  • High School: Varina

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2023
Closed on
Jun 12, 2023
Sold by
Grainer Peter G and Grainer Virginia S
Bought by
Farris Andrew and Farris Adriana
Seller's Agent
Deane Cheatham
Hometown Realty
Buyer's Agent
Bree Cox
Century 21 Realty @ Home
List Price
$524,950
Sold Price
$540,000
Premium/Discount to List
$15,050
2.87%
Views
21
Current Estimated Value
$580,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,650
Avg. Annual Appreciation
3.10%
Original Mortgage
$486,000
Outstanding Balance
$475,680
Interest Rate
6.71%
Mortgage Type
New Conventional
Estimated Equity
$99,532

Purchase Details

Closed on
Jun 3, 2004
Sold by
Prospect Homes Of Richmon
Bought by
Grainer Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$227,610
Interest Rate
6.32%
Mortgage Type
New Conventional
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
Farris Andrew $540,000 Title Resource Guaranty Compan
Grainer Peter $264,485 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farris Andrew $486,000
Previous Owner Grainer Peter G $225,000
Previous Owner Grainer Peter G $50,000
Previous Owner Grainer Peter $227,610
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2023 07/21/23 Sold $540,000 +2.9% $191 / Sq Ft
05/19/2023 05/19/23 Pending -- -- --
05/11/2023 05/11/23 For Sale $524,950 -- $185 / 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 $4,474 $510,700 $52,000 $458,700
2024 $4,474 $475,600 $52,000 $423,600
2023 $4,043 $475,600 $52,000 $423,600
2022 $3,481 $409,500 $50,000 $359,500
2021 $3,313 $352,100 $50,000 $302,100
2020 $3,063 $352,100 $50,000 $302,100
2019 $2,988 $343,500 $50,000 $293,500
2018 $2,913 $334,800 $50,000 $284,800
2017 $2,718 $312,400 $45,000 $267,400
2016 $2,617 $300,800 $45,000 $255,800
2015 $2,700 $298,800 $45,000 $253,800
2014 $2,700 $310,400 $45,000 $265,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2309249

Central Virginia Regional MLS

APN: 840-699-7856