** This home comes with a REDUCED RATE as low as 5.875% (APR 6.314%) through List & Lock™. This is a seller paid rate-buydown that reduces the buyer’s interest rate & monthly payment. ** 506 Lancey Drive is a charming colonial residence with walk out basement nestled in the highly desirable Walton Park subdivision. This spacious home boasts 3,140 square feet of thoughtfully designed living space, making it an ideal setting for both relaxation & entertainment. Upon entering, you'll be greeted by a welcoming foyer that flows seamlessly into a cozy living room & elegant dining room, perfect for hosting all your gatherings. The heart of the home is the expansive, eat-in kitchen, featuring granite countertops, white cabinets & overlooking the lush backyard. The family room creates a warm & inviting atmosphere for cozy evenings. This home offers 4 bedrooms, including a primary suite with a walk-in closet & en-suite bath for your comfort & privacy. The finished walk out basement is versatile & perfect for your private guest suite. In the basement, you'll find a spacious rec room, bedroom with full bathroom & additional room for a home office (or 5th BR). Outside, the landscaped yard provides a serene retreat & invites you to enjoy outdoor living in a peaceful setting. You will find a custom deck with built in seating & a storage shed for all your tools. For your convenience, there is plenty of parking with a 1 car garage & oversized driveway that holds 4 to 6 vehicles. Plus, you're just 1 block from the community amenities including the beautiful pool (perfect for summer fun & relaxation), tennis courts, playground & clubhouse. Every December you're right in the middle of the best Tacky Light Run in Richmond! This home is not just a place to live; it’s a lifestyle choice, combining comfort, style, & convenience in one of Richmond's most sought-after neighborhoods. Come enjoy the Walton Park lifestyle! List & Lock™ rates as of 12/20/24. Terms apply. Call list agent to learn more.
Sold for $530,000
$530,000
506 Lancey Dr, Midlothian, VA 23114
4beds
4,040sqft
Single Family Residence
Built in 1986
0.3 Acres Lot
$560,800 Zestimate®
$131/sqft
$3,541 Estimated rent
Home value
$560,800
$522,000 - $606,000
$3,541/mo
Zestimate® history
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List your homeWhat's special
Home officeBeautiful poolFamily roomFinished walk out basementWalk out basementBuilt in seatingThoughtfully designed living space
Zillow last checked:
Listing updated:
Listed by:
Adam Carpenter 804-387-1557,
NextHome Advantage
Bought with:
Brent Samuel, 0225232736
Capital Real Estate Services
Source: CVRMLS,MLS#: 2427884
Originating MLS: Central Virginia Regional MLS
Originating MLS: Central Virginia Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Primary bedroom
- Description: Carpet, Attached Full Bath, Walk In Closet
- Level: Second
- Dimensions: 15.67 x 13.42
Bedroom 2
- Description: Carpet, Ceiling Fan, Closet
- Level: Second
- Dimensions: 17.5 x 13.33
Bedroom 3
- Description: Carpet, Ceiling Fan, Closet
- Level: Second
- Dimensions: 13.33 x 11.42
Bedroom 4
- Description: Carpet, Ceiling Fan, Closet
- Level: Basement
- Dimensions: 18.5 x 10.67
Additional room
- Description: Home Office or Bedroom, Carpet
- Level: Basement
- Dimensions: 10.83 x 9.0
Dining room
- Description: Hardwoods, Crown Molding
- Level: First
- Dimensions: 12.58 x 11.5
Family room
- Description: Hardwoods, Fireplace, Ceiling Fan
- Level: First
- Dimensions: 19.75 x 13.42
Foyer
- Description: Hardwoods, Bright & Welcoming
- Level: First
- Dimensions: 9.92 x 9.0
Other
- Description: Tub & Shower
- Level: Basement
Other
- Description: Tub & Shower
- Level: Second
Half bath
- Level: First
Kitchen
- Description: Hardwoods, Granite, White Cabinets, SS Appliances
- Level: First
- Dimensions: 23.67 x 12.58
Living room
- Description: Hardwoods, Crown Molding
- Level: First
- Dimensions: 16.0 x 11.5
Recreation
- Description: Carpet, Fireplace, Ceiling Fan
- Level: Basement
- Dimensions: 19.17 x 12.58
Heating
- Forced Air, Heat Pump, Natural Gas
Cooling
- Central Air, Electric
Appliances
- Included: Dishwasher, Disposal, Gas Water Heater, Microwave
- Laundry: Washer Hookup, Dryer Hookup
Features
- Ceiling Fan(s), Dining Area, Separate/Formal Dining Room, Double Vanity, Eat-in Kitchen, Fireplace, Granite Counters, Bath in Primary Bedroom, Walk-In Closet(s)
- Flooring: Ceramic Tile, Partially Carpeted, Wood
- Basement: Full
- Attic: Walk-up
- Number of fireplaces: 2
- Fireplace features: Wood Burning
Interior area
- Total interior livable area: 4,040 sqft
- Finished area above ground: 3,140
- Finished area below ground: 900
Property
Parking
- Total spaces: 1
- Parking features: Off Street, Garage Faces Rear, Garage Faces Side
- Garage spaces: 1
Features
- Levels: Two
- Stories: 2
- Patio & porch: Front Porch, Deck, Porch
- Exterior features: Deck, Porch, Storage, Shed
- Pool features: None
- Fencing: None
Lot
- Size: 0.3 Acres
- Features: Landscaped
Details
- Parcel number: 734703607000000
- Zoning description: R12
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial,Two Story
- Property subtype: Single Family Residence
Materials
- Block, Drywall, Hardboard
- Roof: Shingle
Condition
- Resale
- New construction: No
- Year built: 1986
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Home Owners Association
- Security: Smoke Detector(s)
- Subdivision: Walton Park
Location
- Region: Midlothian
Financial & listing details
- Price per square foot: $131/sqft
- Tax assessed value: $426,800
- Annual tax amount: $3,454
- Date on market: 11/2/2025
- Ownership: Individuals
- Ownership type: Sole Proprietor
Price history
| Date | Event | Price |
|---|---|---|
| 2/28/2025 | Sold | $530,000-1.8%$131/sqft |
Source:  CVRMLS #2427884 Report a problem | ||
| 1/19/2025 | Pending sale | $539,950$134/sqft |
Source: CVRMLS #2427884 Report a problem | ||
| 1/3/2025 | Price change | $539,950-1.8%$134/sqft |
Source: CVRMLS #2427884 Report a problem | ||
| 10/30/2024 | Listed for sale | $549,950+197.3%$136/sqft |
Source: CVRMLS #2427884 Report a problem | ||
| 3/1/1999 | Sold | $185,000$46/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,437 +15.5% | $498,500 +16.8% |
| 2024 | $3,841 +11.2% | $426,800 +12.4% |
| 2023 | $3,454 +2.3% | $379,600 +3.4% |
| 2022 | $3,376 +9.8% | $367,000 +13.4% |
| 2021 | $3,075 +1.6% | $323,700 +1.6% |
| 2020 | $3,028 +2.2% | $318,700 +2.2% |
| 2019 | $2,961 +0.2% | $311,700 +1% |
| 2018 | $2,956 +3.2% | $308,500 +3% |
| 2017 | $2,864 | $299,400 +1.3% |
| 2016 | $2,864 +4.5% | $295,700 +4.6% |
| 2015 | $2,740 +2.8% | $282,800 +2.8% |
| 2014 | $2,665 | $275,000 +7.9% |
| 2013 | -- | $254,900 |
| 2012 | -- | $254,900 -2.6% |
| 2011 | -- | $261,600 -5% |
| 2010 | -- | $275,300 -5.4% |
| 2009 | -- | $290,900 -4% |
| 2008 | -- | $303,100 +10.8% |
| 2007 | -- | $273,600 +26% |
| 2005 | -- | $217,100 +3.8% |
| 2004 | -- | $209,100 +10.9% |
| 2003 | -- | $188,500 +4.8% |
| 2002 | -- | $179,800 +5.3% |
| 2001 | -- | $170,800 |
Find assessor info on the county website
Neighborhood: 23114
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Nearby schools
GreatSchools rating
- 10/10J B Watkins Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 9/10Midlothian Middle SchoolGrades: 6-8Distance: 1.1 mi
- 8/10Midlothian High SchoolGrades: 9-12Distance: 1.6 mi
Schools provided by the listing agent
- Elementary: Watkins
- Middle: Midlothian
- High: Midlothian
Source: CVRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$560,800
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Estimated market value
$560,800
- Virginia
- Chesterfield County
- Midlothian
- 23114
- 506 Lancey Dr
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