Toano › ALL OTHERS AREA 119 › 501 Racefield Drive✓ Source: REIN MLS #10520753 · record updated Apr 1, 2026 · synced every 2 min · your inquiry is never resold

501 Racefield Drive, Toano VA 23168 - Main photo

$1,350,000

763days on market

501 Racefield Drive, Toano, VA 23168

SoldLand and Farms · ALL OTHERS AREA 119

Chapter · The Water

Life on the water

The waterfront is the reason this home exists. Its water record, straight from the listing: Creek.

Frontage

Creek ✓ VERIFIED

Source: REIN MLS listing record · waterfront features as listed

About this home

The listing, in the seller's words

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.

Listing courtesy of Joe Terrell · BHHS RW Towne Realty · REIN MLS #10520753

Schools

ElementaryStonehouse Elementary School
6/10
MiddleToano Middle School
7/10
HighWarhill High School
6/10

Info provided by GreatSchools

Facts & features

The record, sourced

Type

Land and Farms

HOA

None

Taxes

$1,697/yr

County

James City County VA

Waterfront

Yes

MLS #

10520753

Construction & exterior

Waterfront: Creek

Utilities & systems

Utilities available: Electric Avail

Lot, parking & ownership

Lot size: 130.0000
Approx. acres: 130.00
Road surface: Paved
Subdivision: ALL OTHERS AREA 119
Zoning: A1
Ownership: Fee Simple
Possession: AT CLOSING

Sources: REIN MLS record · city assessor · null fields are suppressed, never faked

Flood & environment

FEMA flood zone X · outside the high-risk area · FIRM 51095C

Flood Risk

Looking up FEMA flood zone…

Hurricane Evacuation Zone

Not in a designated hurricane evacuation zone.

Source: Virginia Dept. of Emergency Management — Know Your Zone

Location intelligence

Minutes to real places, not a score

Location & Neighborhood

Places within ~1 mile, ordered by distance from this property. Powered by Google Places.

Military Commute

Drive times to nearest bases

Drive times via Google Maps with current traffic patterns. Times are typical and may vary by time of day. Use the "Analyze" button up top to see live drive time to your saved base.

The numbers

Run the real carrying cost

Homes at this tier often trade in cash or portfolio financing — the calculator below shows a financed view; taxes are from the public record.

Estimate your monthly payment

$7,540/mo

Down payment20% · $270,000

Interest rate6.75%

Loan term30 years

Principal & interest

$7,005

Property tax

$141

Home insurance

$394

PMI

None

HOA/Condo (paid separately)

None

Estimate only. Association (HOA/condo) fees are paid separately and are not included in the payment above. Insurance assumed at 0.35% of home value annually. Actual taxes, insurance, and rate will vary by lender, credit, and property. Contact a lender for a personalized quote.

Value & history

Why the land carries the value

Asking vs. assessment

202% of $668,700

City assessment record · taxes $1,697/yr

Land share of assessed value

94% — $630,000

Improvements $38,700 · assessor record ✓

Why we show no algorithmic estimate.

National AVMs misprice homes whose value drivers they can't see. Instead: the sourced assessment above, the carrying cost, real price history, and honest comparables below.

Sale & Tax History

List Price

$1,350,000

Price / Sq Ft

Annual Taxes

$1,697

Monthly Tax

$141

HOA

None

Tax Rate (effective)

0.13%

Sale Timeline (this listing)

Event	Date	Price	Detail
Listed	Apr 6, 2024	$1,350,000	—
Sold	Apr 1, 2026	$1,350,000	—

Public-Records Assessment

Source: City Assessor via Hampton Roads Regional Parcels.

102% above assessment

Total Assessed

$668,700

Land

$630,000

Improvement

$38,700

Looking for multi-year tax assessments or prior sales? REIN MLS only ships data for the current listing. For full property history, check the city assessor record:

Toano Assessor (Google)

Tax data above from REIN public-records sync. Sale timeline tracked from this listing's first appearance in our feed forward; prior owner sales are not included.

Comparable Properties

Comps are selected by city, bed count, square footage and price proximity. Composite similarity score weights bed match, sqft variance, price variance, and straight-line distance.

Questions buyers ask

Real questions, answered from the record

Is 501 Racefield Drive in a good school zone?+

The assigned zones on the listing record are Stonehouse Elementary (GreatSchools 6/10), Toano Middle (GreatSchools 7/10), Warhill (GreatSchools 6/10). School attendance zones can change — always confirm enrollment with the local school division.

Is 501 Racefield Drive in a flood zone?+

FEMA maps this parcel in Zone X, outside the high-risk Special Flood Hazard Area. See the flood section on this page for details and sources.

Is 501 Racefield Drive a waterfront property?+

Yes. The listing record shows: Creek.

Does 501 Racefield Drive have an HOA?+

No — there are no HOA, condo, or association dues on the listing record for this property.

Answers generated from the listing record, verified school zones, FEMA data, and cached nearby-places data — never invented.

The people

You'll talk to a person, not a lead queue

Tom & Dariya Milan

LPT Realty · Hampton Roads · answer their own phone

✓ Your inquiry goes to Tom & Dariya — never sold to strangers

Listing courtesy of Joe Terrell · BHHS RW Towne Realty · REIN MLS #10520753

Call or text (757) 777-7577

Ask Dariya — instant answers

Schools, flood, drive times, what it really costs to own — answered from this page's data, by chat or voice.

This home has sold

Curious what it means for your own plans? Ask about similar homes nearby, or what your home might sell for in this market.

This one's sold — the next one doesn't have to be.

🏡 Homes for sale in Toano Call or text (757) 777-7577

501 Racefield Drive, Toano, Virginia 23168 · MLS #10520753 · Source: REIN MLS + public record. Information deemed reliable but not guaranteed — verify independently. School zones subject to change; confirm with the local school division. All locations are described by neutral geographic fact. Equal Housing Opportunity.

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