NOT LISTED FOR SALE

5502 Millwheel Ln Henrico, VA 23228

Laurel Neighborhood

Estimated Value: $278,000 - $318,000

2 Beds
2.5 Baths
1,280 Sq Ft
$230/Sq Ft Est. Value

Last Sold April 11, 2017

Last sale price $165,000 $129 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $1,873/month

80 Days on Market

Highlights

  • Clubhouse
  • Cooling Available
  • Heat Pump System
  • Wood Flooring
  • Privacy Fence

About This Home

As of April 2017

Very Charming2 bedroom, 2.5 bath townhouse in popular Millspring Townes Subdivision. This Townhouse has a large master suite with walk-in closet and master bath. Perfect for anyone looking for a low maintenance option at a great price point.

Last Agent to Sell the Property

David Noll

Swell Real Estate Co License #0225095564 Listed on: 12/01/2016

Swell Real Estate Co

Last Buyer's Agent

Lynn Shugrue

Real Broker LLC License #0225222461

Real Broker LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,316

Year Built

  • Built in 2004

Lot Details

  • 1,716 Sq Ft Lot
  • Privacy Fence
  • Fenced

HOA Fees

  • $150 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,280 Sq Ft Home
  • 2-Story Property

Kitchen

  • Stove
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 2 Bedrooms

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System
  • Water Heater

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 766-757-0883

Community Details

Overview

  • Millspring Townes Subdivision

Amenities

  • Clubhouse

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,316

Year Built

Built in 2004

Lot Details

0

HOA Fees

$150 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Year Built: 2004
  • Lot Size Acres: 0.0394
  • 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: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Townhouse
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Partially Carpeted, Wood
  • Appliances: Dishwasher, Electric Water Heater, Disposal, Refrigerator, Stove
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 1280.0
  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Shingle
  • Fencing: Fenced, Privacy
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Disclosure on File, Familial Relation
  • Construction Type: Frame, Vinyl Siding
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Assigned

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Heat Pump
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Clubhouse
  • Association Fee: 150.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Clubhouse, Maintenance Structure, Snow Removal, Trash

Schools

  • Middle Or Junior School: Brookland

Lot Info

  • Parcel Number: 766-757-0883
  • Zoning Description: RTHC
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 1316.0
  • Tax Lot: 3

MLS Schools

  • Elementary School: Dumbarton
  • High School: Hermitage

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2016
Closed on
Mar 28, 2017
Sold by
Andrews Susan L
Bought by
Smith Nancy E
Seller's Agent
David Noll
Swell Real Estate Co
Buyer's Agent
Lynn Shugrue
Real Broker LLC
List Price
$169,950
Sold Price
$165,000
Premium/Discount to List
-$4,950
-2.91%
Current Estimated Value
$294,737

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,737
Avg. Annual Appreciation
6.86%
Original Mortgage
$162,011
Outstanding Balance
$134,965
Interest Rate
4.25%
Mortgage Type
FHA
Estimated Equity
$159,772

Purchase Details

Listed on
Feb 26, 2015
Closed on
Jun 4, 2015
Sold by
Burgwyn Lauren Von Herb
Bought by
Andrews Susan L
Seller's Agent
Sean Stilwell
The Steele Group
Buyer's Agent
David Noll
Swell Real Estate Co
List Price
$165,000
Sold Price
$159,000
Premium/Discount to List
-$6,000
-3.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.03%
Original Mortgage
$5,502
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 13, 2009
Sold by
Letourneau Allison
Bought by
Herbulis Lauren Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,463
Interest Rate
5.36%
Mortgage Type
FHA

Purchase Details

Closed on
May 7, 2004
Sold by
Nvr Inc
Bought by
Wadley Allison

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,297
Interest Rate
5.47%
Mortgage Type
FHA
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
Smith Nancy E $165,000 Attorney
Andrews Susan L $159,000 --
Herbulis Lauren Nicole $167,500 --
Wadley Allison $157,735 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Nancy E $162,011
Previous Owner Andrews Susan L $5,502
Previous Owner Herbulis Lauren Nicole $164,463
Previous Owner Wadley Allison $155,297
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/11/2017 04/11/17 Sold $165,000 -2.1% $129 / Sq Ft
02/19/2017 02/19/17 Pending -- -- --
12/27/2016 12/27/16 Price Changed $168,500 -0.9% $132 / Sq Ft
12/01/2016 12/01/16 For Sale $169,950 +6.9% $133 / Sq Ft
06/08/2015 06/08/15 Sold $159,000 -3.6% $124 / Sq Ft View Prior Sale
05/01/2015 05/01/15 Pending -- -- --
02/26/2015 02/26/15 For Sale $165,000 -- $129 / 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 $2,208 $249,400 $50,000 $199,400
2024 $2,208 $226,900 $48,000 $178,900
2023 $1,929 $226,900 $48,000 $178,900
2022 $1,822 $201,700 $44,000 $157,700
2021 $0 $172,600 $40,000 $132,600
2020 $0 $172,600 $40,000 $132,600
2019 $0 $168,600 $40,000 $128,600
2018 $1,362 $156,600 $40,000 $116,600
2017 $658 $151,300 $40,000 $111,300
2016 $1,316 $151,300 $40,000 $111,300
2015 $1,223 $147,300 $40,000 $107,300
2014 $1,223 $140,600 $40,000 $100,600
Source: Public Records

Agents Affiliated with this Home

  • David Noll

    Seller's Agent in 2017

    David Noll

    Swell Real Estate Co

    (804) 382-9707

    3 in this area

    45 Total Sales

    David Noll
    Section Image
  • Lynn Shugrue

    Buyer's Agent in 2017

    Lynn Shugrue

    Real Broker LLC

    (804) 615-4958

    75 Total Sales

    Lynn Shugrue
    Section Image
  • Sean Stilwell

    Seller's Agent in 2015

    Sean Stilwell

    The Steele Group

    (804) 698-9949

    72 Total Sales

    Sean Stilwell
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 1639178

Central Virginia Regional MLS

APN: 766-757-0883

Virginia Henrico County Henrico 23228 Laurel

5502 Millwheel Ln, Henrico, VA

Not Listed for Sale

Townhouses

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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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