Emma Lee Mitchell

8142 Lake Margaret Terrace

Chesterfield, VA
$ 789,990 Beds 4 Baths 3 Sq 3,266
Monthly Estimate* How much can I afford?

This home is MOVE-IN READY! The Caldwell features four bedrooms, three full baths, a two-car garage, and a finished walkout basement. As you step inside, you’ll be greeted by the formal dining room featuring a tray ceiling directly off the foyer. The kitchen features an island, pantry, granite countertops, stainless steel appliances, and LED recessed lighting. A separate breakfast area adjoining the kitchen leads into the sunroom, which provides access to the composite deck. The spacious family room features a gas fireplace. The first-floor primary suite offers a tray ceiling, two walk-in closets, and an ensuite bath with a LUXURY shower and double vanity. Bedrooms two and three, with double door closets, share a full bath with a 4’ shower. A spacious laundry room completes the first floor. The finished walkout basement offers a large rec room and a fourth bedroom with direct access to a full bath featuring a 4’ shower. Two large unfinished storage areas complete the home. Lake Margaret residents enjoy scenic walking trails, a playground, and access to two lakes spanning over 100 acres — ideal for fishing, paddling, and canoeing. Optional memberships at The Highlands unlock resort-style amenities including an 18-hole golf course, three lakefront pools, and clubhouse access. Conveniently located between Richmond and Petersburg with easy access to shopping, dining, and everyday essentials.

Active

  • Price
  • $ 789,990
  • City
  • Chesterfield
  • Bedrooms
  • 4
  • Full Bathrooms
  • 3
  • County
  • Chesterfield
  • Half Bathrooms
  • 0
  • Area
  • 54 - Chesterfield
  • Lot Size
  • 1.852 Acres
  • Zip
  • 23838
  • Sqr Footage
  • 3,266
  • Year Built
  • 2026
  • Taxes
  • $ 768
  • Style
  • MLS#
  • 2609203
Listed By: Kim Sebrell with Keller Williams Realty.
Data Source: Central Virginia Regional MLS (CVRMLS)

Features

General

Interior Features Bedroom on Main Level,Tray Ceiling(s),Dining Area,Double Vanity,Eat-in Kitchen,En Suite Bathroom,Full Bath on Main Level,Granite Counters,High Ceilings,Kitchen Island,Bath in Primary Bedroom,Main Level Primary,Pantry,Recessed Lighting,Walk-In Closet(s)
Sewer Other,See Remarks
Heating Forced Air,Natural Gas
Cooling Central Air
Possession Close Of Escrow
Roof Shingle
Appliances Dishwasher,Gas Cooking,Disposal,Gas Water Heater,Microwave,Oven,Stove,Tankless Water Heater
Exterior Features Deck,Porch,Paved Driveway
HOA 260
Garage Spaces 2
Association Fee Includes Common Areas,Maintenance Grounds
Patio/Porch Features Rear Porch,Deck,Porch
Architectural Style Ranch
Pool Features None
Security Features Smoke Detector(s)
Construction Materials Block,Drywall,Frame,Stone,Vinyl Siding
Year Built 2026
Stories 2
Levels Two
Property SubType Single Family Residence
Tax Year 2024
Percent Ownership Corporate
Community Features Common Grounds/Area,Home Owners Association,Lake,Playground,Pond,Trails/Paths
Assoc Fee Paid Per Monthly
County Chesterfield
New Construction true
Property Type Residential
Association Amenities Landscaping
Home Owner Assoc true
Attached Garage true
Subdivision Name Lake Margaret
Garage Y/N true
Total Rooms 9
Full Baths 3
Status Active
Directions Head northwest on State Rte 626 toward Lake Margaret Dr, turn left onto Lake Margaret Dr, turn right onto Lake Margaret Ter
High School Matoaca
Disclosures Exempt Disclaimer
Senior Community Y/N true
Zoning Description R25
MLS Area 54 - Chesterfield
Lot Size Units Acres
Waterfront Y/N false
Elementary School Ettrick
Year Built Details New
Tax Annual Amount 768.6
Middle/Junior High School Matoaca
Property Condition New Construction
Days on Market 158
Standard Status Active
Occupancy Type Vacant
Tax Assessed Value 85400
Tax Lot 43
Ownership Type Corporation
Property Sub Type Additional Single Family Residence

Interior Features

Basement Full,Partially Finished,Walk-Out Access
Flooring Partially Carpeted,Tile,Wood
Total Fireplaces 1
Fireplace Features Gas
Total Stories 2
Basement (Y/N) true
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N true
Laundry Features Washer Hookup,Dryer Hookup
Total Bedrooms 4
Below Grade Finished Area 1051
LivingAreaSource Builder
Total Baths 3

Exterior Features

Parking Features Attached,Direct Access,Driveway,Garage,Paved,Garage Faces Rear,Garage Faces Side
Water Source Public
Lot Size Area 1.852
Lot Size Acres 1.852

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Ashland, VA office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Ettrick Elementary School
Middle School Matoaca Middle School
High School Matoaca High School

Price History

4/10/2026 Listed $799,990
5/20/2026 1% - $789,990
6/16/2026 1% - $799,990
6/18/2026 Listed $798,990
9/14/2026 1% - $789,990

Property vs Zip Code Average in 23838

Price
AVG $710K
$790K
Taxes
AVG $4,709
$768
Year Built
AVG 2007
2026

In The Neighborhood

Areas That We Cover

8142 Lake Margaret Terrace Chesterfield, VA is a Single Family Home for sale at $789990 with 3266 sqft and a lot size of 1.852 Acres Acre(s). 8142 Lake Margaret Terrace Chesterfield has 4 bedrooms, 3 baths and was built in 2026. The property's zip code is 23838 which is in Chesterfield, VA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Emma Lee Mitchell

Emma Lee Mitchell

Owner/REALTOR®

804-400-5574

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