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King William 23086
1120 Mill Road
$250,000
● House - Off Market

1120 Mill Road

King William, VA 23086
bedrooms
2 Beds
bathrooms
2 Baths
$249,268
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Welcome to this charming rancher in the heart of King William.  Convenient to Rt. 360 and only 15 minutes from Mechanicsville.  The interior features hard wood floors in the bedrooms and family room.  Tile floors in both full bathrooms.  New floors in the kitchen and fresh paint throughout.  The park like 1.04 acre lot has a fenced back yard and large deck.  Also has an open front 2 bay building with attached storage/workshop both with power.  Newer HVAC(2021), Tankless water heater, and gutter guards.
Unit Size
-
Days on Market
50 days
Land Size
1.04 acres
Price per sqft
-
Property Type
House
Property Taxes
$68
HOA Dues
-
Year Built
1980

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (CVRMLS #2313087)

Price History

Date / Event Date Event Price
Jul 21, 2023 Sold
Premium
Sold
May 31, 2023 Listed by ERA Woody Hogg & Assoc $249,950
Listed by ERA Woody Hogg & Assoc
Apr 28, 2023 Sold
Premium
Sold
Jun 9, 2005 Sold
Premium
Sold
Feb 21, 2005 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1987
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 8
  • Construction Type: 17
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 24
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 45,302
  • Total Building Area: 1,040
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BRITTON WOODS
  • Land Acres: 0000001040
  • Standard Land Use Code: 1008
  • County Land Use Code: 20
  • Legal Description 1: LOT 2 BLK B SECT A BRITTON WOODS

Neighborhood

  • School District Name: King William County Public Schools
  • School Tax School District: ACQUINTON
  • Census Tract: 950102

Zoning

  • Zoning: R-1

Geography

  • Account Number: 2066-1
  • District: 2
  • Section: A
  • Parcel: 22B 1 B 2
  • Block: B
  • Lot: 2
  • Municipality: ACQUINTON
  • Latitude: 37.7625
  • Longitude: -77.0973

    Address

  • Full Address: 1120 Mill Rd
  • Address - House Number: 1120
  • Address - Street Name: Mill
  • Address - Suffix Type: Rd
  • State: VA
  • City Name: King William
  • Carrier Code: R091
  • 4-Digit Zip Code: 3218
  • Zip Code: 23086

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $91,118

    Appraisal Valuation

  • Standard Deviation: 0.1935
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 74
  • Final Value: 227,770
  • High Value: 271,860
  • Low Value: 183,680

    Market Valuation

  • Market Total Value: $157,100
  • Market Land Value: $40,200
  • Market Improvement Value: $116,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $157,100
  • Assessed Land Value: $40,200
  • Assessed Improvements Value: $116,900

    Sales

  • Current Sale Contract Date: Jul 12, 2023
  • Current Sale Recording Date: Jul 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 1387
  • Previous Sale Recording Date: Apr 28, 2023
  • Previous Sale Contract Date: Apr 21, 2023
  • Previous Sale Amount: $200,000
  • Previous Sale Document Type: 12
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About King William

Stats & Trends

Median Asking:

$359,500

Sale Price/ft²

$230

Below Asking

0.01%

Average Days on Market

44

Average Home Size

2045 ft²

Average Home Age

19.2 years

Currently For Sale

40 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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CVR

Listed by: Michael Loomis, ERA Woody Hogg & Assoc
Last Updated: 3 years ago
Data Source: CVRMLS , MLS# 2313087
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 Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Courtesy First Choice Realty.
Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703

Frequently Asked Questions

When was property at 1120 Mill Road built and last sold?
The property at 1120 Mill Road was built in 1980 and last sold on Jul 12, 2023 for $250,000.
How much is this home worth?
The estimated value of the home located at 1120 Mill Road is $0.
What are some comparable homes to 1120 Mill Road?
There are currently no comparable homes to 1120 Mill Road.
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