2531 Water Race Terrace, Midlothian, VA 23112
Watermill · Chesterfield County
Key Facts
Description
HELLO.... OPPORTUNITY IS KNOCKING!! NICE PRICE REDUCTION AND SELLER OFFERING $10K IN CLOSING COST ASSISTANCE! A Beautiful, Exceptionally-Maintained Home in a Super Convenient Location and a Community offering Amenities with LOW HOA dues! Come check out this Wonderfully Flexible Beauty featuring a First Floor Guest Bedroom and Full Bath. This Versatile Floor Plan offers a Dining Room and Living Room PERFECT for entertaining that has a Butlers Pantry connecting to the Expansive Kitchen. Positioned along the Rear of the Home is the Large Family Room that opens to a spacious Eat-In Area that has so many windows!! This home has SO MUCH NATURAL LIGHT! Any cook will appreciate the kitchen with Extra Large Breakfast Bar, Center Island TONS of Counter space and Corner Pantry. Work from home? Want a craft/exercise room? The Spacious Upstairs offers 5 more bedrooms-use how you need them! This wonderful home and property is located in the sought-after Watermill community that is SUPER convenient to Highways, Shopping, Medical Care and in the Coveted Swift Creek Elementary, Tomahawk Creek Middle, Midlothian High district. Move-in now to enjoy the community Pool, Tennis Courts, Clubhouse and Playground included in the LOW HOA dues. Roof 2020, A/C 2021, EV Charger. Set up an appointment to see this home now!
Property Information
Property Type
Residential
Sub-Type
Single Family Residence
Style
Two Story, Transitional
Year Built
2006
Stories
2
Living Area
3,364 sq ft
Lot Size
0.21 acres
Garage Spaces
2
Ownership
Individuals
Days on Market
74
MLS® Listing#
2611525
Property Features
Interior
Appliances
Cooling
Heating
Flooring
Fireplace
Pool
Parking
Patio
Fencing
Construction
Roof
Community
Sewer
Water Source
Rooms
- Bedroom 512.10 x 11.0Second
Schools
- Elementary:
- Swift Creek
- Middle:
- Tomahawk Creek
- High:
- Midlothian
Financial Details
HOA
$219 / Quarterly
Annual Taxes
$5,271
Tax year 2026
Assessed Value
$592,300
Parcel Number
722-69-00-95-700-000
Directions
gps
Affordability Calculator
$117,990
Estimated monthly payment
$3,140/mo
Principal $471,960 · Est. interest $658,426 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Midlothian, VA
- $513,889
- Median Listing Price
- 40
- Median Days on Market
- 2,399
- Median Sq Ft
- $222
- Median Price / Sq Ft
- 225
- Active Listings
- This home’s price is 15% above the area median.
- Its price per sq ft is 21% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Midlothian, VA.
Location
Points of Interest in Midlothian, VA
Showing the Midlothian area map.
Nearby Schools
Childtime
School · 0.8 mi away
Tomahawk Creek Middle School
Secondary · 0.8 mi away
Swift Creek Elementary School
Elementary · 1.0 mi away
Primrose Schools
Elementary · 1.6 mi away
Greenwood Country Day School
Elementary · 1.9 mi away
Old Hundred Elementary School
Elementary · 2.0 mi away
Swift Creek Middle School
Secondary · 2.0 mi away
Clover Hill High School
Secondary · 2.0 mi away
Leafspring School at Charter Colony
Elementary · 2.3 mi away
Clover Hill Elementary School
Elementary · 2.5 mi away
Evergreen Elementary School
Elementary · 2.5 mi away
Midlothian High School
Secondary · 2.9 mi away
J.B. Watkins Elementary Pta
Elementary · 3.0 mi away
Millwood School
Secondary · 3.4 mi away
Goddard School
School · 3.4 mi away
Primrose Schools
Elementary · 3.5 mi away
Primrose Schools
Elementary · 3.5 mi away
Chesterfield Career and Technical Center
Secondary · 3.5 mi away
Winfree Memorial Preschool
School · 3.5 mi away
Midlothian Middle School
Secondary · 3.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1925 Forestdale Drive, Midlothian, VA | $439,000 | 5 | 3 | 2,550 |
| 2506 Cascade Meadows Drive, Midlothian, VA | $500,000 | 5 | 3 | 2,640 |
| 1613 Denby Way, Midlothian, VA | $529,950 | 5 | 3 | 2,782 |
| 9660 Morley Road, Midlothian, VA | $575,000 | 5 | 3 | 3,175 |
| 12500 Musical Lane, Midlothian, VA | $579,000 | 5 | 4 | 2,992 |
| 8907 Lavenham Loop, Midlothian, VA | $589,500 | 5 | 3 | 3,046 |
Moving Cost Estimate
EXIT Agents in Midlothian
Listing Courtesy: Chesterfield Realty - 8048734115
Presented by: Kimberly Conner
Last Updated: 2026-04-30