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.
Property Details
Property Features
Listing Office:
Office Name: BHHS RW Towne Realty
Listing Agent: Joe Terrell
Exterior Features
Exterior Information:
Waterfront: Creek
Lot Features
Lot Information:
Lot Size: 130.00 Acres
Price Information
Listing Price Info
Price Summary:
List Price: $1,599,000
Tax Information:
Annual Amount: $1,170
Tax Year: 2020
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Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$1,170
$668,700
2019
$1,000
$668,700
2018
$950
$668,700
2017
$950
$668,700
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Stonehouse Elementary School
3651 Rochambeau Dr
Distance between this listing and this school4.80 miles
Public District Grades KG-5
5
/10
Norge Elementary School
7311 Richmond Rd
Distance between this listing and this school7.10 miles
Public District Grades PK-5
6
/10
J. Blaine Blayton Elementary School
800 Jolly Pond Rd
Distance between this listing and this school7.32 miles
Public District Grades PK-5
Nearby Schools
5
/10
Toano Middle School
4460 Longhill Rd
Distance between this listing and this school5.24 miles
Public District Grades 6-8
6
/10
Lois Hornsby Middle School
850 Jolly Pond Rd
Distance between this listing and this school7.37 miles
Public District Grades 6-8
5
/10
New Kent Middle School
7501 Egypt Rd
Distance between this listing and this school8.50 miles
Public District Grades 6-8
Nearby Schools
5
/10
New Kent High School
7365 Egypt Rd
Distance between this listing and this school8.30 miles
Public District Grades 9-12
5
/10
Warhill High School
4615 Opportunity Way
Distance between this listing and this school9.06 miles
Public District Grades 9-12
4
/10
Lafayette High School
4460 Longhill Rd
Distance between this listing and this school9.68 miles
The neighbors living near this home have an average income of $71,393. The most common annual income of people living in Stonehouse, VA is between $35k-100k. Most families are married, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 501 Racefield Dr
What is the listing price of this property?
The listing price of 501 Racefield Dr property is $1,599,000.
What type of property is this?
The property 501 Racefield Dr is land located in Toano, Virginia, 23168.
Is this property for sale now?
Active Listing: 501 Racefield Dr is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2020 is $1,170 (source: MLS/based on county public records data).
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This home is located at 501 Racefield Dr in Toano, VA and zip code 23168. This home sits on a 130.00 acre lot. It has been listed on Rocket Homes since February 26, 2024 and is currently priced at $1,599,000.
Over 2 listings were sold over their listed price in November 2024 in Stonehouse, VA. In the same period over 8 listings were sold below the listed price and 2 listings were sold for the listed price. Between October 2024 and November 2024, Stonehouse, VA real estate market has seen decrease in the number of listings by 4.3%. The median list price of listings available in November 2024 was $470,000, while the average time on the real estate market was 54 days.
From Rocket Homes Real Estate and based on county public records data.
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