NOT LISTED FOR SALE

7953 Founders Mill Way Gloucester, VA 23061

Ware Neck Neighborhood

Estimated Value: $478,361 - $514,000

3 Beds
2.5 Baths
2,312 Sq Ft
$217/Sq Ft Est. Value

Last Sold June 19, 2020

Last sale price $350,000 $151 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $2,648/month

12 Days on Market

Highlights

  • Docks
  • Deck
  • Transitional Architecture
  • Home fronts a pond
  • Wooded Lot
  • Hydromassage or Jetted Bathtub

About This Home

As of June 2020

Waterfront with pier!! Peaceful living is what you will get here with this 3 Bedroom, 2.5 Bath home located on Cow Creek Mill Pond. Lower level offers wood floors, Formal Dining Room with tray ceiling, spacious Kitchen with nook and all the stainless steel appliances. Family Room with gas fireplace and built-ins. Second level offers Generous sized Master Suite with updated Bath. 2 additional Bedrooms and Bath. If you need additional space there is a Bonus Room on the 3rd floor. Like to entertain? You'll love this back yard! Landscaping, two tier deck, partially fenced back yard and pier!! Just bring paddle boat, kayak and water toys.

Last Agent to Sell the Property

Angie Wellman

Better Homes and Gardens Native American Group License #0225047373 Listed on: 05/07/2020

Better Homes and Gardens Native American Group

Last Buyer's Agent

Non-Member Non-Member

Non MLS Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,901

Year Built

  • Built in 2002

Lot Details

  • 0.97 Acre Lot
  • Home fronts a pond
  • Partially Fenced Property
  • Wooded Lot
  • Zoning described as SF-1

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Transitional Architecture
  • Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 2,312 Sq Ft Home
  • 3-Story Property
  • Tray Ceiling
  • Gas Fireplace
  • Separate Formal Living Room
  • Crawl Space
  • Fire and Smoke Detector
  • Washer and Dryer Hookup

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Double Oven
  • Induction Cooktop
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Partially Carpeted
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • Hydromassage or Jetted Bathtub

Outdoor Features

  • Docks
  • Deck
  • Shed
  • Rear Porch

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Well
  • Water Heater
  • Water Softener
  • Septic Tank

Community Details

  • Founders Mill Subdivision

Listing and Financial Details

  • Tax Lot 241
  • Assessor Parcel Number 026C-2-241

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,901

Year Built

Built in 2002

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2002
  • Property Attached Yn: No
  • Lot Size Acres: 0.97
  • Water Body Name: Cow Creek Pond
  • Ownership: Individuals
  • Subdivision Name: Founders Mill
  • Architectural Style: Transitional
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Laminate, Partially Carpeted, Tile
  • Basement: Crawl Space
  • Appliances: Double Oven, Dishwasher, Electric Cooking, Electric Water Heater, Microwave, Refrigerator, Smooth Cooktop, Water Softener
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Breakfast Area, Tray Ceiling(s), Separate/Formal Dining Room, Eat-in Kitchen, Jetted Tub, Solid Surface Counters, Walk-In Closet(s)
  • Living Area: 2312.0
  • Stories: 3
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Fenced, Partial
  • Lot Features: Wooded
  • Pool Features: None
  • Waterfront Features: Pond
  • Waterfront: Yes
  • Construction Type: Drywall, Frame, Vinyl Siding
  • Exterior Features: Deck, Dock, Paved Driveway
  • Other Structures: Shed(s)
  • Patio And Porch Features: Rear Porch, Deck
  • Property Condition: Resale

Garage/Parking

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

Utilities

  • Heating: Electric, Forced Air, Zoned
  • Cooling: Central Air
  • Sewer: Septic Tank
  • Water Source: Well
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Peasley

Lot Info

  • Parcel Number: 026C-2-241
  • Zoning Description: SF-1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 1901.0
  • Tax Lot: 241

MLS Schools

  • Elementary School: Botetourt
  • High School: Gloucester

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2020
Closed on
May 22, 2020
Sold by
Babbs Bruce D and Babbs Melissa F
Bought by
Redding Samuel L and Redding Dana Christin
Seller's Agent
Angie Wellman
Better Homes and Gardens Native American Group
Buyer's Agent
Non-Member Non-Member
Non MLS Member
List Price
$350,000
Sold Price
$350,000
Current Estimated Value
$501,340

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,340
Avg. Annual Appreciation
6.64%
Original Mortgage
$362,600
Outstanding Balance
$324,944
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$165,931
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
Redding Samuel L $350,000 Hampton Roads Title Llc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Redding Samuel L $362,600
Previous Owner Babbs Bruce D $343,300
Previous Owner Babbs Bruce D $360,000
Previous Owner Babbs Bruce D $295,000
Previous Owner Babbs Bruce D $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/19/2020 06/19/20 Sold $350,000 0.0% $151 / Sq Ft
05/20/2020 05/20/20 Pending -- -- --
05/07/2020 05/07/20 For Sale $350,000 -- $151 / 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 $10 $416,080 $93,860 $322,220
2023 $2,426 $416,080 $93,860 $322,220
2022 $2,121 $292,520 $74,210 $218,310
2021 $2,033 $292,520 $74,210 $218,310
2020 $1,948 $280,240 $74,210 $206,030
2019 $1,901 $273,580 $74,460 $199,120
2017 $1,901 $273,580 $74,460 $199,120
2016 $2,093 $301,220 $99,280 $201,940
2015 $2,048 $347,400 $108,000 $239,400
2014 $2,258 $347,400 $108,000 $239,400
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Angie Wellman

    Better Homes and Gardens Native American Group

    23 Total Sales

    Angie Wellman
    Section Image

  • N

    Buyer's Agent in 2020

    Non-Member Non-Member

    Non MLS Member

See All Agents

Map

Source: Chesapeake Bay & Rivers Association of REALTORS®

MLS Number: 2013735

Chesapeake Bay & Rivers Association of REALTORS®

APN: 40454

Virginia Gloucester County Gloucester 23061 Ware Neck

7953 Founders Mill Way, Gloucester, VA

This home is located at 7953 Founders Mill Way, Gloucester, VA 23061 since 07 May 2020 and is currently estimated at $501,340, approximately $216 per square foot. This property was built in 2002. 7953 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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