NOT LISTED FOR SALE

7935 Founders Mill Way Gloucester, VA 23061

Ware Neck Neighborhood

Estimated Value: $472,999 - $521,000

4 Beds
2.5 Baths
2,308 Sq Ft
$217/Sq Ft Est. Value

Last Sold March 17, 2021

Last sale price $355,000 $154 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $65,843/month

9 Days on Market

Highlights

  • Lake Front
  • Colonial Architecture
  • Deck
  • Docks
  • Community Lake
  • Cathedral Ceiling

About This Home

As of March 2021

Stunning water front home situated on 3/4 of an acre in beautiful Founders Mill. Just minutes from Gloucester Court House, but feels so private. Home features a huge great room with wood burning fireplace, formal dining room, beautiful kitchen with stainless appliances, eat in with stunning lake views, and 4 bedrooms. Primary Owner suite has walk in closet and luxurious spa! Enjoy relaxing on the wrap around front porch or watching water fowl on your deck. Home has an encapsulated "walk in" crawl space, huge drive way and extra side concrete pad for recreational vehicles (with electric hook up as well). Under the deck is a great storage or sitting area! Hardwood floors in the kitchen have been refinished and new flooring added in the stair landing and upstairs hall way. This is an amazing home just waiting for you to make it your own.

Last Agent to Sell the Property

Melissa Guthrie

Garrett Realty Partners License #0225218778 Listed on: 02/05/2021

Garrett Realty Partners

Last Buyer's Agent

Kelcey Brock

NextHome Coast To Country Real Estate License #0225247898

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,016

Year Built

  • Built in 2003

Lot Details

  • 0.78 Acre Lot
  • Lake Front
  • Sloped Lot
  • Sprinkler System
  • Historic Home
  • Zoning described as SF-1

HOA Fees

  • HOA YN

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Colonial Architecture
  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • Vinyl Siding

Interior Spaces

  • 2,308 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Wood Burning Fireplace
  • Thermal Windows
  • French Doors
  • Separate Formal Living Room
  • Dining Area
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Kitchen Island
  • Solid Surface Countertops
  • Instant Hot Water

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Double Vanity
  • Hydromassage or Jetted Bathtub

Outdoor Features

  • Docks
  • Deck
  • Shed
  • Outbuilding
  • Wrap Around Porch

Schools

  • Botetourt Elementary School
  • Peasley Middle School
  • Gloucester High School

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Well
  • Propane Water Heater
  • Septic Tank
  • Satellite Dish
  • Cable TV Available

Community Details

  • Condo Association YN
  • Founders Mill Subdivision
  • Community Lake
  • Pond in Community

Listing and Financial Details

  • Tax Lot 239
  • Assessor Parcel Number 026C-2-239

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,016

Year Built

Built in 2003

Lot Details

0

HOA Fees

$63,000 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2003
  • Property Attached Yn: No
  • Lot Size Acres: 0.78
  • Water Body Name: Cow Creek Mill
  • Ownership: Individuals
  • Subdivision Name: Founders Mill
  • Architectural Style: Colonial
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Historic
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Carpet, Vinyl, Wood
  • Basement: Crawl Space
  • Appliances: Instant Hot Water, Propane Water Heater
  • Other Equipment: Satellite Dish
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Door Features: French Doors
  • Fireplace Features: Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Breakfast Area, Ceiling Fan(s), Cathedral Ceiling(s), Dining Area, Separate/Formal Dining Room, Double Vanity, Eat-in Kitchen, French Door(s)/Atrium Door(s), Jetted Tub, Kitchen Island, Bath in Primary Bedroom, Recessed Lighting, Solid Surface Counters, Cable TV, Walk-In Closet(s)
  • Living Area: 2308.0
  • Stories: 2
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Asphalt, Shingle
  • Fencing: None
  • Lot Features: Sloped, Waterfront
  • Pool Features: None
  • Waterfront Features: Lake, Waterfront
  • Waterfront: Yes
  • Disclosures: Seller Disclosure
  • Construction Type: Drywall, Frame, Vinyl Siding
  • Exterior Features: Dock, Sprinkler/Irrigation, Out Building(s), Porch, Storage, Shed, Paved Driveway
  • Other Structures: Shed(s), Outbuilding
  • Patio And Porch Features: Deck, Front Porch, Wrap Around, Porch
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Driveway, Garage, Garage Door Opener, Paved, Two Spaces

Utilities

  • Heating: Electric, Heat Pump, Zoned
  • Cooling: Heat Pump, Zoned
  • Sewer: Septic Tank
  • Water Source: Well
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Lake, Pond
  • Association Fee: 189000.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Schools

  • Middle Or Junior School: Peasley

Lot Info

  • Topography: Sloping
  • Parcel Number: 026C-2-239
  • Zoning Description: SF-1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 2016.0
  • Tax Lot: 239

MLS Schools

  • Elementary School: Botetourt
  • High School: Gloucester

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2021
Closed on
Mar 8, 2021
Sold by
Wilkins Keely
Bought by
Motley Ralph W and Motley Mary Beth
Seller's Agent
Melissa Guthrie
Garrett Realty Partners
Buyer's Agent
Kelcey Brock
NextHome Coast To Country Real Estate
List Price
$360,000
Sold Price
$355,000
Premium/Discount to List
-$5,000
-1.39%
Current Estimated Value
$500,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,750
Avg. Annual Appreciation
6.73%
Original Mortgage
$363,165
Outstanding Balance
$329,229
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$147,312

Purchase Details

Listed on
Feb 14, 2018
Closed on
May 1, 2018
Sold by
Estes James C and Estes Joann E
Bought by
Richmond Keely Marie
Seller's Agent
Tracy Foster
Abbitt Realty Company, LLC
Buyer's Agent
Melissa Guthrie
Garrett Realty Partners
List Price
$325,000
Sold Price
$324,000
Premium/Discount to List
-$1,000
-0.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.25%
Original Mortgage
$307,800
Interest Rate
4.45%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Motley Ralph W $355,000 The Closing Shop Llc
Richmond Keely Marie $324,000 Closing Edge Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Motley Ralph W $363,165
Previous Owner Richmond Keely Marie $307,800
Previous Owner Estes James C $54,500
Previous Owner Estes James C $34,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/17/2021 03/17/21 Sold $355,000 -1.4% $154 / Sq Ft
02/15/2021 02/15/21 Pending -- -- --
02/05/2021 02/05/21 For Sale $360,000 +11.1% $156 / Sq Ft
05/07/2018 05/07/18 Sold $324,000 -0.3% $140 / Sq Ft
03/07/2018 03/07/18 Pending -- -- --
02/14/2018 02/14/18 For Sale $325,000 -- $141 / Sq Ft
Source: Chesapeake Bay & Rivers Association of REALTORS®

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
2024 $2,389 $409,780 $86,640 $323,140
2023 $2,389 $409,780 $86,640 $323,140
2022 $2,103 $290,040 $70,790 $219,250
2021 $2,016 $290,040 $70,790 $219,250
2020 $2,016 $290,040 $70,790 $219,250
2019 $1,968 $283,120 $71,040 $212,080
2017 $1,968 $283,120 $71,040 $212,080
2016 $2,102 $302,390 $94,720 $207,670
2015 $2,056 $351,900 $108,000 $243,900
2014 $2,287 $351,900 $108,000 $243,900
Source: Public Records

Agents Affiliated with this Home

  • Melissa Guthrie

    Seller's Agent in 2021

    Melissa Guthrie

    Garrett Realty Partners

    (757) 880-1000

    4 in this area

    139 Total Sales

    Melissa Guthrie
    Section Image

  • K

    Buyer's Agent in 2021

    Kelcey Brock

    NextHome Coast To Country Real Estate

  • Tracy Foster

    Seller's Agent in 2018

    Tracy Foster

    Abbitt Realty Company, LLC

    (804) 725-6603

    71 in this area

    408 Total Sales

    Tracy Foster
    Section Image
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Map

Source: Chesapeake Bay & Rivers Association of REALTORS®

MLS Number: 2103292

Chesapeake Bay & Rivers Association of REALTORS®

APN: 40452

Virginia Gloucester County Gloucester 23061 Ware Neck

7935 Founders Mill Way, Gloucester, VA

This home is located at 7935 Founders Mill Way, Gloucester, VA 23061 since 05 February 2021 and is currently estimated at $500,750, approximately $216 per square foot. This property was built in 2003. 7935 Founders Mill Way is a home located in Gloucester County with nearby schools including Botetourt Elementary School, Peasley Middle School, and Gloucester High School.

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.

Chesapeake Bay & Rivers Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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