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2014-01-22 / Front Page

A million here, a million there

County dream homes – for a bargain
By Michael Buettner
NEWS EDITOR


This house at 12001 N. Enon Church Road is the county’s highest-priced listing, at $3.9 million. The seven-bedroom house offers views of the James River. 
Cabell Childress Group This house at 12001 N. Enon Church Road is the county’s highest-priced listing, at $3.9 million. The seven-bedroom house offers views of the James River. Cabell Childress Group A million dollars — or several million dollars — goes further today than it did a few years ago. That’s true when it comes to buying local real estate, at least.

There are nine homes currently listed for sale in Chesterfield County with asking prices above the million-dollar mark, according to the National Association of Realtors’ Realtor.com website. That’s two more than were on the market six months ago.

As high as those prices are, in most cases they’re less than the current owners were asking when they first put these houses on the market — in some cases, as many as five to six years ago.

Of course, home sales at all price levels plunged during the 2007-09 recession, and while the last couple of years saw sales and prices recovering, they’re still well below the pre-recession peak levels.

As a result, buyers today can often get more for their money than they would have expected before the downturn. So here’s a look at what a buyer can expect to get at the top of the local market:

• The county’s highest-priced listing, at 12001 N. Enon Church Road, offers a view of the James River and 14.4 acres of land. Built in 1990, the house includes seven bedrooms, five full bathrooms and one half-bath in 9,971 square feet of living space.

According to the marketing information, it features a “stunning foyer with marble flooring and large chandelier”; a “gourmet eat-in kitchen with granite countertops, prep island and sleek black appliances;” a “massive master suite complete with separate sitting room and master bath featuring two granite vanities, jetted tub and walk-in shower.”

The property also includes a barn, a pond and an irrigation system that draws water from the James River. All this can be yours for just $3.9 million, or $391 per square foot. This home was put on the market in May, at the current asking price.

• If you’re looking for wide-open spaces, the property at 16521 River Road includes more than 186 acres in addition to a 7,640-square-foot house, and the asking price is a mere $2.25 million ($295 per square foot), down from the $2.7 million price when the property was first listed in July 2010.

The house features five bedrooms, six full bathrooms and one half-bath, and includes the requisite gourmet kitchen — with high-end appliances like a Sub-Zero refrigerator, Bosch dishwasher and Viking stove — as well as a 2,000-squarefoot master suite that includes an 800-square-foot closet. And there’s a seven-car garage.

• For the history buff, the former Bellona Arsenal, built in 1816, is available for $1.85 million, or $224 per square foot. It was first listed last July at the same asking price as currently.

Located on 6.8 acres at 3800 Old Gun Road West, the former munitions storehouse is listed on the Virginia and national registries of historic places. It was converted to a home in 1943. The 5,500-squarefoot main house includes five bedrooms, four full bathrooms and one half-bath, along with a formal living room, “banquet dining room” and den with wet bar.

• The 7,018-square-foot home at 2506 Maple Hall Court in the Founders Bridge subdivision has been on and off the market since January 2009, when it was listed at $1.78 million. Now, its five bedrooms, four full bathrooms and two half-baths are available for a mere $1.4 million, or just $199 per square foot.

• Also a potential bargain is the 8,697-square-foot home that sits on 23 acres at 4901 Moseley Road. The current price of $1.295 million, or $149 per square foot, is down from the $1.595 million asking price when the property was first listed for sale in July 2012. It features six bedrooms, five full bathrooms and one half-bath.

• Another home first listed in July 2012 is also available at a reduced price today: 12801 Chesdin Point Court in the Chesdin Landing subdivision, currently listed at $1.2 million ($218 per square foot) versus the $1.5 million the seller was seeking two years ago. It offers four bedrooms, four full bathrooms and one half-bath in 5,500 square feet on 2.7 acres of land.

• The 7,540-square-foot home in Salisbury at 13824 Mount Hill Court is available at even more of a discount from the original asking price, $1.1 million ($146 per square foot) compared with $1.8 million when the home was first listed in January 2009. It offers six bedrooms, four full bathrooms and two half-baths on 1.22 acres.

• Another home in Chesdin Landing, at 15212 Chesdin Crossing Terrace, can be yours for $1.1 million ($167 per square foot), down from $1.375 million when it was put on the market in February of last year. It includes six bedrooms, six full bathrooms and three half-baths in 6,385 square feet of space on a 3.1- acre lot.

• Also in Chesdin Landing, 15713 Chesdin Point Drive was first listed for sale in June 2008 at $1.395 million. Today, it’s available for $1.075 million, or $198 per square foot. The 5,421-square-foot home offers five bedrooms, four full bathrooms and one half-bath on a 4.1-acre lot.

At least two homes that were put on the market at prices above the million-dollar mark have now come down below that threshold.

In Queenspark, a 7,964-squarefoot house at 3400 Lady Marian Court is being offered at $990,000, down from the $1.2 million asking price when it went on the market in March 2010.

Meanwhile, another Chesdin Landing home, 12800 Chesdin Point Court, can be had for $989,900, a discount from the $1.01 million asking price when it was first listed in May 2011.

Needless to say, these homes are all being shown by appointment only. Walk-ins and looky-loos are not welcome.

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