NOT LISTED FOR SALE

5718 Reedy Springs Dr North Chesterfield, VA 23237

Estimated Value: $445,000 - $527,000

5 Beds
2.5 Baths
3,124 Sq Ft
$160/Sq Ft Est. Value

Last Sold October 08, 2020

Last sale price $405,532 $130 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $2,981/month

47 Days on Market

Highlights

  • New Construction
  • Wood Flooring
  • High Ceiling
  • A-Frame Home
  • Separate Formal Living Room
  • Breakfast Area or Nook

About This Home

As of October 2020

OWN A WORLD-CLASS FINER HOME TODAY! Don’t miss the ever so popular Magnolia floor plan built by Finer Homes. Sitting on a nice sized home site in the brand new community of REEDY SPRINGS - you won't want to miss this beauty! This home offers tremendous detail & craftsmanship throughout. Be greeted by a two story foyer with second floor overlook. Flanking the foyer you'll find the formal dining room as well as a living room. A gourmet kitchen includes two large islands, loads of counter top space, an oversized pantry and breakfast nook area. Continue into the expansive family room directly off the kitchen with plenty of natural light. Finishing the first floor is a private study that could be converted into a 1st floor guest suite w/addition of closet. The 2nd floor boasts an owners suite fit for royalty offering large walk-in closet and an expansive spa-like bath with double bowl vanity and water closet. Four other bedrooms, a hall bath, and an oversized laundry room complete the second floor. This home offers ample storage space including walk-in & pull-down attic. Don't miss this opportunity to build your dream home! Optional third floor also available for additional space!

Last Agent to Sell the Property

Kyle Yeatman

Long & Foster REALTORS License #0225213901 Listed on: 04/09/2020

Long & Foster REALTORS

Last Buyer's Agent

Kyle Yeatman

Long & Foster REALTORS License #0225213901 Listed on: 04/09/2020

Long & Foster REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,953

Year Built

  • Built in 2020 | New Construction

Lot Details

  • 0.32

HOA Fees

  • $13 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Home to be built
  • A-Frame Home
  • Fire Rated Drywall
  • Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,124 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Separate Formal Living Room
  • Crawl Space
  • Dryer Hookup

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Double Vanity

Outdoor Features

  • Front Porch
  • Stoop

Schools

  • Beulah Elementary School
  • Salem Middle School
  • Bird High School

Utilities

  • Cooling Available
  • Heating System Uses Natural Gas
  • Water Heater

Community Details

  • Reedy Springs Subdivision
  • The community has rules related to allowing corporate owners

Listing and Financial Details

  • Tax Lot 007
  • Assessor Parcel Number 777671378300000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,953

Year Built

Built in 2020 | New Construction

Lot Details

0

HOA Fees

$13 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2020
  • Property Attached Yn: No
  • Ownership: Corporate
  • Subdivision Name: Reedy Springs
  • Architectural Style: A-Frame
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: Yes
  • Building Stories: 2
  • Year Built Details: To Be Built
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Flooring: Partially Carpeted, Wood
  • Basement: Crawl Space
  • Appliances: Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Interior Amenities: Breakfast Area, Separate/Formal Dining Room, Double Vanity, Eat-in Kitchen, High Ceilings
  • Living Area: 3124.0
  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Shingle
  • Fencing: None
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Drywall, Frame, Vinyl Siding
  • Patio And Porch Features: Front Porch, Stoop
  • Property Condition: New Construction

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage

Utilities

  • Heating: Electric, Natural Gas
  • Cooling: Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 150.0
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Middle Or Junior School: Salem

Lot Info

  • Parcel Number: 777671378300000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Lot: 007

MLS Schools

  • Elementary School: Beulah
  • High School: Bird

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2020
Closed on
Aug 31, 2020
Sold by
Finer Homes Inc
Bought by
Melton Michael P
Seller's Agent
Kyle Yeatman
Long & Foster REALTORS
Buyer's Agent
Kyle Yeatman
Long & Foster REALTORS
List Price
$347,950
Sold Price
$405,532
Premium/Discount to List
$57,582
16.55%
Current Estimated Value
$499,685

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,153
Avg. Annual Appreciation
4.15%
Original Mortgage
$385,255
Outstanding Balance
$341,888
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$157,797

Purchase Details

Closed on
Jun 30, 2020
Sold by
Reedy Springs Development Co Llc
Bought by
Finer Homes Inc
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
Melton Michael P $405,532 Accommodation
Finer Homes Inc $77,500 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Melton Michael P $385,255
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/08/2020 10/08/20 Sold $405,532 +16.5% $130 / Sq Ft
05/26/2020 05/26/20 Pending -- -- --
04/09/2020 04/09/20 For Sale $347,950 -- $111 / 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 $3,953 $441,300 $90,000 $351,300
2024 $3,953 $431,100 $80,000 $351,100
2023 $3,516 $386,400 $70,000 $316,400
2022 $3,456 $375,600 $62,000 $313,600
2021 $3,682 $383,300 $60,000 $323,300
2020 $0 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kyle Yeatman

    Seller's Agent in 2020

    Kyle Yeatman

    Long & Foster

    (804) 516-6413

    62 in this area

    1,338 Total Sales

    Kyle Yeatman
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Map

Source: Central Virginia Regional MLS

MLS Number: 2008961

Central Virginia Regional MLS

APN: 777-67-13-78-300-000

Virginia Chesterfield County North Chesterfield 23237

5718 Reedy Springs Dr, North Chesterfield, VA

Not Listed for Sale

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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