501 Racefield Drive Toano, VA $ 1,599,000
501 Racefield Drive
$ 1,599,000
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501 Racefield Drive

Toano, VA, 23168
$ 1,599,000
Baths0.0

Monthly Estimate*

$ 11,169

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Studio

Lots and Land for sale in Toano, VA

for $1,599,000. The lot size is 130.

Unique opportunity to own large acreage in James City County. Bring your horses! This property consists of two contiguous parcels that combine to create over 130 acres. There are thirty acres of open land currently under cultivation. The balance is wooded with gently rolling terrain and contains open trails that provide good access to the property. The upper portion of Diascund Creek creates the southern border and this has some really nice vistas for possible homesites. There are many potential uses for this property, single family residential, farming, a nice equestrian facility, or simply recreation with plentiful waterfowl and wildlife. The property is just minutes from Exit 227 of I 64 and has road frontage on both Racefield Drive and Stewarts Road. The property is currently enrolled in James City County's AFD program.

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Lots and Land Active

Price

$ 1,599,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 1,697

Style

Residential

Lot Size

130

Town/City

Toano

County/Region

James City

MLS | Web ID

2404152

Features
General
Sewer None
Utilities NaturalGasNotAvailable ElectricityAvailable SewerNotAvailable
Possession CloseOfEscrow
Property SubType Residential
Tax Year 2023
Percent Ownership Individuals
County James City County
New Construction N
Property Type Land
HOA / Comm Assn N
Attached Garage N
Subdivision Name None
Possible Use Farm Hunting Investment Recreational SingleFamily
Garage Y/N N
Status Active
Directions I 64 to Exit 227 Rt. 30N left onto Barnes Road Right onto Racefield Dr. 501 Racefield on L
High School Warhill
Body of Water Diacsund Creek
View Y/N N
Senior Community Y/N N
Zoning Description A1
MLS Area 118 - James City Co.
Waterfront Y/N Y
Carport Y/N N
Street Name Racefield
Elementary School Stonehouse
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 1697.0
Home Warranty Y/N N
Middle/Junior High School Toano
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 2
Standard Status Active
Tax Assessed Value 825700
Ownership Type SoleProprietor
Property Sub Type Additional Residential UnimprovedLand
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Exterior
Vegetation Crops
Fencing None
Lot Features Buildable
Water Source WellNeeded
Lot Size Area 130.0
Spa N
Lot Size Acres 130.0
Road Surface Type Paved
Lot Size Units Acres
Crops Included Y/N N
Cultivated Area 30.0
Road Responsibility PublicMaintainedRoad
Open Parking Y/N N
Horse Y/N N
Horse Amenities HorsesAllowed
Irrigation Water Rights Y/N N
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Interior
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Full Baths 0
Half Baths 0
Street Suffix Drive
Electric On Property Y/N N
Total Baths 0
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* Excluded Features
List By
Joe Terrell

Listing Agent

Rw Towne Realty

Broker

joe.terrell@rwtowne.com

Email

Affordability Calculator

$11,311
Per Month
99%
1%
0%
Monthly Principal & Interest
$11,169
Monthly Property Taxes
$141
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1820866 Elementary School
1820769 Middle School
Warhill High School High School
Pricing History
DatePricePrice ChangeDescription
2/26/2024$1,599,000 Listed Price

Map


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501 Racefield Drive, Toano, VA, 23168 is a Lots and Land for sale at $1,599,000 with a lot size of 130. 501 Racefield Drive is a studio with 0.0 baths. The property's zip code is 23168 which is in Toano, VA