$250,000

3118 Lake Terrace Ct Richmond, VA 23235

$2,969
Closing credit¹
1 bed
1 full
910 sqft
0.03 acres
$275 / sqft
Condo

Property details

About 3118 Lake Terrace Ct

Welcome home where you will enjoy serene lake views and an inviting open floor plan that offers a delightful living experience. This well-maintained home features beautiful hardwood flooring throughout with a warm and inviting layout. The kitchen boasts ample counter space and glass cabinetry, perfect for your culinary creations. Experience seamless transitions from the living area to the dining area, ideal for entertaining or everyday living. You will wake up to breathtaking lake views from your generously sized bedroom with multiple closet space. Nestled in the desirable Summerhill neighborhood, you’ll enjoy easy access to parks, shops, and local amenities, making this the perfect location for comfort and convenience. All you have to do is move in!

Highlights

Home typeCondominium
HeatingForced Air, Natural Gas
StatusSale Pending
(Pending)
CoolingCentral Air
Size910 sqft
Lot size0.0265 Acres
Year built1996
ParkingAssigned
MLS #2508169
WaterfrontPond, Waterfront
ViewWater

Summary

  • MLS Number: 2508169
  • MLS Name: CVR
  • Office Name: River Fox Realty LLC
  • Office Phone: (804) 887-0700
  • Office Email: info@riverfoxrealty.com
  • Listing Agent: Shelby Ward

IDX All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/9/2025, 4:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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property entrance featuring brick siding and roof with shingles

$250,000

3118 Lake Terrace Ct

$2,969

closing credit¹

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0.5% sale price²

Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2024$166,000$1,992
2023$153,000$1,500
2022$133,000$1,500
2021$133,000$1,500
2020$125,000$450
2019$125,000$1,500
2018$125,000$1,500

History based on county public records data.

Nearby schools

3

Bon Air Elementary School

Public District PK-5

0.8 mi

8701 Polk St

2

J.B. Fisher Elementary School

Public District PK-5

1.0 mi

3701 Garden Rd

7

Greenfield Elementary School

Public District PK-5

1.9 mi

10751 Savoy Rd

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $61,613. Residents of Richmond, VA typically earn between $35k-100k each year. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

How much money do the neighbors make?

29%
<35k
46%
35k-100k
21%
100k-200k
4%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

56%
Single, No Kids
7%
Single, with Kids
27%
Married, No Kids
10%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

10%
<11 yrs old
4%
12-17 yrs old
21%
18-34 yrs old
43%
35-64 yrs old
22%
65+ yrs old

What do the neighbors do for fun?

  • PGA/LPGAPGA/LPGA
  • Hiking/backpackingHiking/backpacking
  • Continuing Education CoursesContinuing Education Courses

Where do the neighbors shop?

  • Stein MartStein Mart
  • Nordstrom RackNordstrom Rack
  • Express/Express For MenExpress/Express For Men

Where do the neighbors go to eat?

  • Bonefish GrillBonefish Grill
  • ChipotleChipotle
  • QdobaQdoba

What do the neighbors drive?

  • LincolnLincoln
  • MazdaMazda
  • VolkswagenVolkswagen

What do the neighbors listen to?

  • ClassicalClassical
  • RockRock
  • Urban ContemporaryUrban Contemporary
All data provided by Home Junction and Claritas

Frequently asked questions

About 3118 Lake Terrace Ct

This home is located at 3118 Lake Terrace Ct in Richmond, VA and zip code 23235 in the South Side neighborhood. This 910 square foot home, which was built in 1996, sits on a 0.03 acre lot. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since April 1, 2025 and is currently priced at $250,000.

In March 2025, from all listings sold in Richmond, VA there were more than 124 sold above asking price, over 102 sold below and more than 100 were sold right at the asked price. The number of listings in Richmond, VA increased by 16% between February and March 2025. Listings spent 32 days on the market in March 2025, and had a median list price of $369,628 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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