5701 Grove Forest Ct Midlothian, VA 23112

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4 beds · 3 baths · 2,601 sq ft · Lot Size: 13,809 sq ft · Single Family Home · Woodlake
Est. Property Value: $493,469

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5701 Grove Forest Ct is in the Woodlake neighborhood of Midlothian, VA. It is located in Chesterfield County and ZIP code 23112. This Single Family Home was built in 1989 and is approximately 36 years old. The single family home spans 2601 sq ft with 4 bedrooms and 3 bathrooms and sits on a 13809 sq ft lot. According to public records, it was last sold in 2019 for $290,000 and has a tax-assessed value of $451,000, which is $190 per sq ft. The Woodlake area of Midlothian has 1828 residential homes with an average size of 2428.5 sq ft. Analyze and compare real estate investment strategies for properties like this home at 5701 Grove Forest Ct Midlothian, VA 23112 with Property Intel by Whitepages.

Investment Potential for 5701 Grove Forest Ct

The property has a current estimated value of $493,469, which is 6% above the neighborhood median, based on public records. It last sold on December 03, 2019 for $290K. Projected long-term
is $37,200 annually ($3,100 per month) with a 97% occupancy rate.

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Long-Term

Gross Rental
$37,200 per year($3,100 per month)
Net Operating Income
Cap Rate
Occupancy Rate
97%in 23112 zip code
 
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Owners & Occupancy for 5701 Grove Forest Ct

This property is owned by Lindsey A Hendrickson. Owner contact information includes 9 phone numbers and 3 email addresses.

Property Owners

Cell Phone(610) ***-****View Cell Phone
Residence***********
Landline(804) 739-4863
Distance from Property**********
Email Address********@hotmail.comView Email

Property Ownership Information

Purchase DateDecember 03, 2019
Property Tax Amount$4,059 in 2024
Purchase Price$290,000

Occupancy

Resident 1****************** age 37

Property Details for 5701 Grove Forest Ct

Property Details

Property Sq Ft

Living Area

2,601 sq ft

7% above market

Lot Size

13,809 sq ft

21% above market

Price Per Sq Ft

Living Area

$190 / sq ft

1% below market

Lot Size Area

$36 / sq ft

12% below market

Property condition, age, exterior, etc. for 5701 Grove…
Longitude: -77.683318 Latitude: 37.420824 Parcel Number (APN): 720-67-70-77-500-000…
Mortgage originated on through lender: UNKNOWN for$******View Mortgage Details

Recommended Properties in Woodlake

Discover more single family homes near 5701 Grove Forest Ct in Midlothian, Virginia. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 5701 Grove Forest Ct in Chesterfield County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$493,469
$548,110
-$54,642 (-10%)
$706,435
-$139,906 (-20%)
YoY Price Change
2.29%
411%
Year Built
1989
1989
0 years
Living Space
2,601 sq ft
2,564 sq ft
37 (1%)
$ Per Living Sq Ft
$190
$200
-$10 (-5%)
Lot Size
13,809 sq ft
14,593 sq ft
-784 (-5%)
$ Per Lot Sq Ft
$36
$36
$0 (-1%)

Net Operating Income
$22,958
$1,618 (7%)
Annual Revenue
$37,200
$36,000
$1,200 (3%)
$13,260
-$636 (-5%)
Net Operating Income
$22,958
$1,618 (7%)
Cap Rate
4.44%
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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