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8702 Hermitage Trace Cir, Henrico, VA, 23228

3beds
3baths
1,372sqft
$344,900
$251price/sqft
$2,289/moest. monthly cost
$91,560/yrincome needed

About This Home

Welcome home to 8702 Hermitage Trace Circle! This beautiful brick-front townhome offers the perfect blend of style, comfort, and convenience in the heart of Henrico. Featuring 3 bedrooms and 2.5 baths, this light-filled home offers an open, airy feel with plenty of space to entertain, relax, and enjoy everyday living. The thoughtfully updated interior is truly move-in ready and showcases luxury vinyl plank flooring throughout, beautifully renovated bathrooms, refinished stairs and railings, fresh interior paint, granite countertops, updated cabinetry, tile backsplash, stainless steel appliances, updated fixtures, and a custom Closets by Design system in the primary suite. The spacious laundry area is complete with cabinetry and a premium Speed Queen washer and dryer that convey. The impressive list of recent improvements provides peace of mind for years to come, including a new HVAC system (2022), water heater (2026), second-floor windows (2026), gutters and downspouts (2022), updated interior and front doors, drop-stairs attic access, duct cleaning, exterior power washing, and freshly painted front railings. Outside, enjoy a fully fenced rear yard with a wood privacy fence and side vinyl fencing—perfect for pets, play, or outdoor entertaining. Location is everything, and this home delivers! Situated in the heart of Henrico, you’ll enjoy unbeatable convenience to shopping, restaurants, parks, major interstates, and everything Richmond has to offer, making commuting and everyday living a breeze. Whether you’re searching for your next home or looking to expand your investment portfolio, this property is an exceptional opportunity. With its desirable location, extensive updates, low-maintenance lifestyle, and strong rental appeal, 8702 Hermitage Trace Circle is ready to welcome its next owner.

Getting Around

56
WalkingSomewhat Walkable
0
TransitVery Limited Transit
40
BikeSomewhat Bikeable

Schools

1/10
1/10
Brookland Middle SchoolGrades 6-82.1 mi
1/10
Hermitage High SchoolGrades 9-120.3 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1990

Materials

  • Foundation: Slab
  • Roof: Composition,Shingle
  • Construction materials: Brick,Drywall,Vinyl Siding

Type & Style

  • Home type: Townhouse
  • Architectural style: Colonial,Two Story
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Exhaust Fan,Electric Cooking,Electric Water Heater,Disposal,Microwave,Oven,Refrigerator,Smooth Cooktop,Stove,Washer
  • Laundry features: Washer Hookup,Dryer Hookup

Bedroom2

  • Level: Second

Bedroom3

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Dining Room

  • Level: First

Features

  • Ceiling Fan(s),Separate/Formal Dining Room,Eat-in Kitchen,Granite Counters,Bath in Primary Bedroom,Window Treatments
  • Window features: Thermal Windows,Window Treatments
  • Flooring: Vinyl
  • Attic: Access Only,Pull Down Stairs
  • Finished area below ground: 0
  • Finished area above ground: 1,372

Foyer

  • Level: First

Great Room

  • Level: First

Half Bath

  • Level: First

Heating & Cooling

  • Heating features: Electric,Heat Pump
  • Cooling features: Central Air,Electric

Interior Area

  • Total interior livable area: 1,372 sqft

Kitchen

  • Level: First

Laundry

  • Level: First

Master Bedroom

  • Level: Second

Other

  • Level: Second

Property

Details

  • Parcel number: 7667568072
  • Attached to another structure: Yes
  • Zoning description: RTH

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Patio & porch: Rear Porch,Patio
  • Exterior features: Awning(s),Storage,Shed
  • Fencing: Back Yard,Fenced,Picket,Privacy
  • Topography of land: Level

Lot

  • Lot size: 1,690 sqft
  • Features: Level

Parking

  • Parking features: Off Street

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Winter Weather

FEMA Declared Disasters Across Virginia Counties

Severe Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,744$20,928
Home Insurance *$106$1,272
Property Taxes $237$2,844
Electricity $202$2,433
Total$2,289$27,468
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$78,480/yr
40% on housing$68,670/yr
45% on housing$61,040/yr

Virginia FAIR Plan Programs

Virginia Property Insurance Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 22,622Commercial: 503
Total Premiums$20.86M
Total Exposure$4.29B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.9%
10.9%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 3.0%
3.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$251This listing

vs Other Active Listings

Avg $/sqft

ZIP 23228$160
Henrico County$201

vs Homes Sold Last Month

Median $/sqft

ZIP 23228$255
Henrico County$230

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-13Price change$339,900
2026-07-31Price change$344,900
2026-07-29Listing removed$2,500
2026-07-18Listed for rent$2,500
2022-11-10Listing removed--
2022-11-06Price change$1,900
2022-11-04Price change$1,950
2022-10-29Price change$2,050
2022-10-28Listed for rent$1,950
2022-10-14Price change$299,000
2022-10-03Price change$310,000
2022-09-26Price change$320,000
2022-09-13Price change$330,000
2022-08-29Listed for sale$340,000
2019-05-04Listing removed$1,300
2019-04-03Listed for rent$1,300
2006-01-24Sold$157,000
2000-05-31Sold$79,500

For Sale by Agent

AgentChelsea Ferguson
Brokerage1st Class Real Estate -Capital City Group

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