5609 Millwheel Way
Henrico, VA 23228
3 bd 3 ba 1,440 sqft Built 2005 Lot 1,703 sqft townhomes
Most recent sale
$253,000
Mar 21, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 21, 2022 | Sold | $253,000 | MLS #2201291 |
| Jan 19, 2022 | Listed | $238,000 | MLS #2201291 |
| Jan 14, 2022 | Listed | $238,000 | MLS #2200745 |
| Sep 27, 2017 | Sold | $180,000 | MLS #1729251 |
| Aug 11, 2017 | Listing removed | $179,500 | CVRMLS |
| Aug 6, 2017 | Listed | $179,500 | MLS #1729251 |
| Jun 2, 2005 | Sold | $200,237 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $232,900 | $60,000 | $292,900 | $2,389 |
| 2024 | $232,900 | $55,000 | $287,900 | $2,296 |
| 2023 | $197,500 | $48,000 | $245,500 | $2,086 |
| 2022 | $173,800 | $44,000 | $217,800 | $1,851 |
| 2021 | $159,200 | $40,000 | $199,200 | $1,733 |
| 2020 | $146,100 | $40,000 | $186,100 | $1,619 |
| 2019 | $141,700 | $40,000 | $181,700 | $1,581 |
| 2018 | $127,200 | $40,000 | $167,200 | $1,455 |
| 2017 | $121,300 | $40,000 | $161,300 | $1,403 |
| 2016 | $121,300 | $40,000 | $161,300 | $1,403 |
| 2015 | $117,000 | $40,000 | $157,000 | $1,366 |
| 2014 | $109,700 | $40,000 | $149,700 | $1,302 |
| 2013 | $109,700 | $40,000 | $149,700 | $1,302 |
| 2012 | $119,900 | $40,000 | $159,900 | $1,391 |
| 2010 | $135,800 | $40,000 | $175,800 | $1,529 |
| 2009 | $149,100 | $40,000 | $189,100 | $1,645 |
| 2008 | $149,100 | $40,000 | $189,100 | $1,645 |
| 2007 | $159,500 | $40,000 | $199,500 | $1,735 |
Property facts
Year built
2005
Property type
townhomes
Stories
2
Beds
3
Baths
3
Living area
1,440 sqft
Lot size
1,703 sqft
ZIP code
23228
City
Henrico
Street
Millwheel Way
Coordinates
37.63975, -77.52221
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$2,160
Gross rental yield
10.25%
Implied cap rate
6.66%
Trend-extrapolated value
—
Frequently asked questions
When did 5609 Millwheel Way last sell?
5609 Millwheel Way most recently sold on Mar 21, 2022 for $253,000.
What is the current tax assessment for 5609 Millwheel Way?
The most recent total assessment for 5609 Millwheel Way (year 2025) is $292,900 with $2,389 in property tax.
How does 5609 Millwheel Way's assessment compare to its last sale price?
The current assessment is 15.8% above the last sale price of $253,000.
When was 5609 Millwheel Way built?
5609 Millwheel Way was built in 2005.
How does 5609 Millwheel Way compare to others on Millwheel Way?
We track 1 other property on Millwheel Way. Browse the list under "Other properties on Millwheel Way" to compare beds, baths, and sale history.
What are the property facts for 5609 Millwheel Way?
5609 Millwheel Way is a 3 bed, 3 bath, 1,440 sqft, 1,703 sqft lot townhomes.
Is 5609 Millwheel Way a flip candidate?
No — 5609 Millwheel Way does not appear in our flips dataset.
Is 5609 Millwheel Way a tax-appeal candidate?
Yes — 5609 Millwheel Way appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-0.3%
Implied 1-yr
-1.0%
2026 Q3
$321.9K
2026 Q4
$321.1K
ZIP 23228 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Millwheel Way