501 Racefield Drive

Toano, VA 23168

$1,599,000
Price
5,662,800 / 130
Lot Size / Acres

Description

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...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.
  1. Listed by Joe Terrell • Brokerage DRE #226036456 • RW Towne Realty
    P: (757)-342-6202 joe.terrell@rwtowne.com

Property Details for 501 Racefield Drive

Subdivision Name
None
Waterfront
Yes
LISTING UPDATED: 09/30/2024 12:56 PM

Property Details for 501 Racefield Drive

StatusActive
MLS #2404152
Days on Market214
Taxes$1,697 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Residential
Year Built-
Lot Size130.00 AC
CountyJames City County

Building Information for 501 Racefield Drive

Building Size-Lot Size130.00 AC

Property Information for 501 Racefield Drive

Summary
Location and General Information
  • City: Toano
  • City Region: N/A
  • County Or Parish: James City
  • Directions: I 64 to Exit 227, Rt. 30N, left onto Barnes Road, Right onto Racefield Dr., 501 Racefield on L
  • Latitude: 37.426799
  • Longitude: -76.872033
  • Postal City: Toano
  • Postal Code: 23168
  • State Or Province: VA
  • Unparsed Address: 501 Racefield Dr
  • Water Body Name: Diacsund Creek
  • Zoning Description: A1
Taxes and HOA Information
  • Parcel Number: 0330100003
  • Tax Annual Amount: $1,697.00
  • Tax Assessed Value: $825,700.00
  • Tax Legal Description: Mills, ADJ Taylors
  • Tax Year: 2023
School Information
  • Elementary School: Stonehouse
  • High School: Warhill
  • Middle Or Junior School: Toano
Property
Lot Information
  • Cultivated Area: 30.0
  • Lot Features: Buildable
  • Lot Size Acres: 130.0
  • Lot Size Area: 130.0
  • Lot Size Units: Acres
  • Possible Use: Farm, Hunting, Investment, Recreational, Single Family
  • Vegetation: Crops
  • Property Sub Type Additional: Residential, Unimproved Land
Property and Assessments
  • Type of Property: Land
  • Property Sub Type: Residential
  • Property Type: Land
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
  • CLIP: 3,253,448,259
  • Development Name: N/A
Utilities
  • Sewer: None
  • Utilities: Natural Gas Not Available, Electricity Available, Sewer Not Available
  • Water Source: Well Needed
Interior and Exterior Features
Exterior Features
  • Fencing: None
  • Horse Amenities: Horses Allowed
Interior Features
  • Basement: No
  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Total Integer: 0
  • BathsTotal: 0.0
Rental
Rental Information
  • Price Per Area Unit: Dollars Per Square Foot
  • Lease Amount Per Area Unit: Dollars Per Square Foot

Property History for 501 Racefield Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 501 Racefield Drive

Taxable ValueLand$630,000Additions$38,700Total$668,700
Tax Record2024$1,298 ($108 / month)
Home Facts
Baths1Total Finished SqFt600 SqFtAbove Grade Finished SqFt600 SqFtStories1Lot Size3,049,200 SqFtStyleFarmsYear Built1930ZoningA1 GENERAL AGCountyJAMES CITYAPN03-3 01-0-0003

Schools near 501 Racefield Drive

This home is within Williamsburg-James City Public Schools.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Stonehouse Elementary School
PublicK to 5

Toano Middle School
Public6 to 8

Warhill High School
Public9 to 12

James Blair Middle
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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501 Racefield Drive is a 130 ac of land for sale in Toano, VA 23168. This property was listed for sale on February 26, 2024 by RW Towne Realty, it's currently listed at $1,599,000. This listing's school district is Williamsburg-James City Public Schools. Nearby schools include Stonehouse Elementary School, Toano Middle School and Warhill High School. 501 Racefield Drive is a 0-bed, 0-bath, 130 ac of land on a 5,662,800 sq. ft. / 130 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of RW Towne Realty, Joe Terrell

Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.