NOT LISTED FOR SALE

5501 Springwater Ln Henrico, VA 23228

Laurel Neighborhood

Estimated Value: $306,747 - $320,000

3 Beds
2.5 Baths
1,452 Sq Ft
$217/Sq Ft Est. Value

Last Sold March 12, 2021

Last sale price $210,000 $145 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $2,045/month

1 Day on Market

Highlights

  • Clubhouse
  • Wood Flooring
  • Thermal Windows
  • Cathedral Ceiling
  • Hydromassage or Jetted Bathtub
  • Bay Window

About This Home

As of March 2021

Calling All Investors ... Here is a great opportunity! This property comes with a tenant through 6/30/2023 paying $1,350 in rent per month. Seller pays $4,000 in closing costs! This wonderful end-unit townhome features 3 bedrooms, 2.5 baths, large dining room with bay window, spacious kitchen with pantry and plenty of cabinet/counter space, huge family room with gas fireplace, large primary bedroom with vaulted ceiling and a big walk-in closet, primary bath with jetted garden tub, wood floors in the foyer, dining room, half bath, and hallway, ceiling lights in all 3 bedrooms, vinyl siding, nice backyard with paver patio and privacy fence, convenient location, walking distance to Staples Mill Kroger Marketplace, and so much more! Better Hurry ... This one won't last long!!!

Last Agent to Sell the Property

Randy Horne

Long & Foster REALTORS License #0225180625 Listed on: 02/08/2021

Long & Foster REALTORS

Last Buyer's Agent

Hemant Naphade

Choice 1 Real Estate License #0225059777

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,716

Year Built

  • Built in 2003

Lot Details

  • 2,544 Sq Ft Lot
  • Privacy Fence
  • Back Yard Fenced

HOA Fees

  • $167 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,452 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Gas Fireplace
  • Thermal Windows
  • Bay Window
  • Insulated Doors
  • Dining Area
  • Washer and Dryer Hookup

Kitchen

  • Gas Cooktop
  • Stove
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub
  • Garden Bath

Parking

  • Guest Parking
  • Assigned Parking

Outdoor Features

  • Shed

Schools

  • Dumbarton Elementary School
  • Brookland Middle School
  • Hermitage High School

Utilities

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

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 765-757-8947

Community Details

Overview

  • Millspring Townes Subdivision

Amenities

  • Clubhouse

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,716

Year Built

Built in 2003

Lot Details

0

HOA Fees

$167 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Year Built: 2003
  • Property Attached Yn: Yes
  • Lot Size Acres: 0.0584
  • Ownership: Individuals
  • Subdivision Name: Millspring Townes
  • Architectural Style: Two Story
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Approximate
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Attached,Townhouse
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Carpet, Vinyl, Wood
  • Appliances: Dishwasher, Gas Cooking, Gas Water Heater, Refrigerator, Stove
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Door Features: Insulated Doors
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Bay Window, Cathedral Ceiling(s), Dining Area, Fireplace, Garden Tub/Roman Tub, High Ceilings, Jetted Tub, Bath in Primary Bedroom, Pantry, Walk-In Closet(s)
  • Living Area: 1452.0
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Back Yard, Privacy
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Drywall, Frame, Vinyl Siding
  • Exterior Features: Storage, Shed
  • Foundation Details: Slab
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Assigned, Guest

Utilities

  • Heating: Forced Air, Natural Gas
  • 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: Clubhouse, Home Owners Association
  • Association Fee: 167.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Common Areas, Maintenance Grounds, Maintenance Structure, Snow Removal, Trash

Schools

  • Middle Or Junior School: Brookland

Lot Info

  • Parcel Number: 765-757-8947
  • Zoning Description: RTHC
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 1716.0
  • Tax Lot: 1

MLS Schools

  • Elementary School: Dumbarton
  • High School: Hermitage

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2021
Closed on
Mar 10, 2021
Sold by
Kiel Young
Bought by
Joshi Rajeev and Joshi Geetanjali
Seller's Agent
Randy Horne
Long & Foster REALTORS
Buyer's Agent
Hemant Naphade
Choice 1 Real Estate
List Price
$215,000
Sold Price
$210,000
Premium/Discount to List
-$5,000
-2.33%
Current Estimated Value
$315,437

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,437
Avg. Annual Appreciation
9.21%
Original Mortgage
$157,500
Outstanding Balance
$141,188
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$174,249

Purchase Details

Closed on
Jul 18, 2003
Sold by
Nvr Inc
Bought by
Kiel Young

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,218
Interest Rate
5.34%
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
Joshi Rajeev $210,000 Attorney
Kiel Young $168,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joshi Rajeev $157,500
Previous Owner Kiel Young $162,218
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/12/2021 03/12/21 Sold $210,000 -2.3% $145 / Sq Ft
02/09/2021 02/09/21 Pending -- -- --
02/08/2021 02/08/21 For Sale $215,000 -- $148 / 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 $2,532 $286,100 $52,500 $233,600
2024 $2,532 $259,800 $50,400 $209,400
2023 $2,208 $259,800 $50,400 $209,400
2022 $1,962 $230,800 $46,200 $184,600
2021 $1,837 $197,200 $42,000 $155,200
2020 $1,716 $197,200 $42,000 $155,200
2019 $1,676 $192,600 $42,000 $150,600
2018 $1,541 $177,100 $42,000 $135,100
2017 $1,487 $170,900 $42,000 $128,900
2016 $1,487 $170,900 $42,000 $128,900
2015 $1,379 $166,300 $42,000 $124,300
2014 $1,379 $158,500 $42,000 $116,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2104099

Central Virginia Regional MLS

APN: 765-757-8947