NOT LISTED FOR SALE

5501 W Bay Rd Midlothian, VA 23112

Estimated Value: $591,255 - $709,000

5 Beds
2.5 Baths
3,040 Sq Ft
$211/Sq Ft Est. Value

Last Sold July 30, 2013

Last sale price $352,500 $116 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $3,796/month

7 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Beamed Ceilings
  • Cosby High School Rated A
  • Hydromassage or Jetted Bathtub
  • Picket Fence

About This Home

As of July 2013

Pristine condition Inside & Out ,lovingly upgraded throughout by current owner: hardwood floors added in Kitchen, Family Room, Powder Room and back hallway, steps, upstairs hall. New Kitchen by Bernhardt & Taylor with granite countertops, slate tile floor in workspace and backsplash, top of the line stainless appliances including built in microwave, huge eat-in area can accomodate a large table,with windows on 2 sides & French door access to Screened porch, hardwood floors in 3 bedrooms,Upstairs Great Room has laminate floor, skylights,custom installed bookshelves with cabinetry below, vaulted ceiling. Master & Hall Baths have vaulted ceilings, gas added to house for heat, fireplaces,cooking, vinyl windows, upgraded moldings. 1 time fee for new owners of $492.60 plus $50 application fee

Last Agent to Sell the Property

John Hall

James River Realty Group LLC License #0225000947 Listed on: 06/07/2013

Last Buyer's Agent

Holly Shaheen

Shaheen Ruth Martin & Fonville License #0225036056

Shaheen Ruth Martin & Fonville

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,909

Year Built

  • Built in 1987

Lot Details

  • 0.41 Acre Lot
  • Picket Fence
  • Back Yard Fenced
  • Zoning described as R9 - ONE FAMILY RES

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Garage Door Opener
  • Driveway
  • Off-Street Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Fire Rated Drywall
  • HardiePlank Type
  • Hardboard

Interior Spaces

  • 3,040 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Bookcases
  • Beamed Ceilings
  • Ceiling Fan
  • Recessed Lighting
  • Stone Fireplace
  • Gas Fireplace
  • French Doors
  • Center Hall
  • Home Security System

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Hydromassage or Jetted Bathtub

Schools

  • Clover Hill Elementary School
  • Tomahawk Creek Middle School
  • Cosby High School

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Water Heater

Listing and Financial Details

  • Tax Lot 031
  • Assessor Parcel Number 725-678-48-17-00000

Community Details

Overview

  • West Bay Subdivision

Amenities

  • Common Area

Recreation

  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,909

Year Built

Built in 1987

Lot Details

0.41 Acres

HOA Fees

$42 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1987
  • Property Attached Yn: No
  • Lot Size Acres: 0.4136
  • Ownership: Individuals
  • Subdivision Name: West Bay
  • Architectural Style: Colonial
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Actual
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Ceramic Tile, Wood
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Fireplace Features: Gas, Stone
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Beamed Ceilings, Bookcases, Built-in Features, Ceiling Fan(s), French Door(s)/Atrium Door(s), Jetted Tub, Recessed Lighting
  • Living Area: 3040.0
  • Dining Room Type: Center Hall
  • Stories: 2

Exterior Features

  • Fencing: Back Yard, Picket
  • Pool Features: None
  • Construction Type: Brick, Block, Drywall, Hardboard, HardiPlank Type
  • Exterior Features: Paved Driveway
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Driveway, Garage, Garage Door Opener, Off Street, Oversized, Paved

Utilities

  • Heating: Electric, Natural Gas, Zoned
  • Cooling: Heat Pump, Zoned
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Water Source: Public
  • Security: Security System
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Common Grounds/Area, Home Owners Association, Trails/Paths
  • Association Fee: 125.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Schools

  • Middle Or Junior School: Tomahawk Creek

Lot Info

  • Parcel Number: 725-678-48-17-00000
  • Zoning Description: R9 - ONE FAMILY RES

Tax Info

  • Tax Year: 2013
  • Tax Annual Amount: 2908.9
  • Tax Block: 000
  • Tax Lot: 031

MLS Schools

  • Elementary School: Clover Hill
  • High School: Cosby

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 7, 2013
Closed on
Jul 2, 2013
Sold by
Lamp Eric J
Bought by
Ramsay Jason M
Seller's Agent
John Hall
James River Realty Group LLC
Buyer's Agent
Holly Shaheen
Shaheen Ruth Martin & Fonville
List Price
$350,000
Sold Price
$352,500
Premium/Discount to List
$2,500
0.71%
Current Estimated Value
$640,064

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$287,564
Avg. Annual Appreciation
4.83%
Original Mortgage
$282,000
Outstanding Balance
$205,488
Interest Rate
3.97%
Mortgage Type
New Conventional
Estimated Equity
$434,576

Purchase Details

Closed on
Mar 1, 1999
Sold by
Corish Christopher L
Bought by
Lamp Eric J and Lamp Elizabeth C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
6.78%
Mortgage Type
VA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ramsay Jason M $352,500 --
Lamp Eric J $234,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ramsay Jason M $282,000
Previous Owner Lamp Eric J $175,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/30/2013 07/30/13 Sold $352,500 +0.7% $116 / Sq Ft
06/14/2013 06/14/13 Pending -- -- --
06/07/2013 06/07/13 For Sale $350,000 -- $115 / Sq Ft
Source: Central Virginia Regional MLS

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 $4,641 $518,600 $105,000 $413,600
2024 $4,494 $496,500 $105,000 $391,500
2023 $4,126 $453,400 $98,000 $355,400
2022 $3,917 $425,800 $95,000 $330,800
2021 $3,626 $374,700 $92,000 $282,700
2020 $3,434 $361,500 $92,000 $269,500
2019 $3,402 $358,100 $92,000 $266,100
2018 $3,302 $347,600 $89,000 $258,600
2017 $3,248 $338,300 $86,000 $252,300
2016 $3,180 $331,300 $83,000 $248,300
2015 $3,129 $323,300 $82,000 $241,300
2014 $3,023 $312,300 $80,000 $232,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 1315036

Central Virginia Regional MLS

APN: 725-67-84-81-700-000

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