Park Terrace At Wellesley

Updated: Apr 26


Welcome to Park Terrace at Wellesley Condominiums. This is a small community set in the planned Short Pump community of Wellesley. Wellesley is a planned development in Short Pump that is only a short few minutes drive to Short Pump Town Center, but feels away from the congestion that is on Broad St.


Wellesley neighborhood consists of 17 neighborhoods and 788 homes. However, Park Terrace is a townhome community with only 27 units in it, so if offers a nice alternative to someone looking to be in this area of Henrico County and in these schools in Henrico County, but does not want the upkeep of a single family home.


Wellesley offers great amenities to the homeowners here. This includes: 3 pools, scenic lake & walking paths, tennis courts with tennis pros, basketball court, clubhouse, community center, fitness center, 2 playgrounds and an on-site HOA. The monthly fee at Park Terrace At Wellesley, as of March 2022, was $509/month which takes care of the common area maintenance, limited exterior maintenance, trash removal, yard maintenance. The HOA in Park Terrace at Wellesley takes care of the landscaping, roof, front brick steps. There is also an additional mandatory fee to Wellesley Master Association of $180/quarter to maintain the amenities.


There are 27 units in this neighborhood - as of March 2022, there were 24 units owner occupied. These are detached condos, with at least 4 bedrooms, and 2,300 SF to 2,600 SF. All units have garages.


Real estate market stats for Park Terrace Condominiums:


2020 market stats ---

  • 2 units sold

  • Average List Price = $374,700

  • Average Sales Price = $379,700

  • Average Time on Market = 30 days

  • 1 unit sold over list price

2021 market stats ---

  • 3 units sold

  • Average List Price = $389,817

  • Average Sales Price = $407,500

  • Average Time on Market = 11 days

  • 2 units sold over list price.

I am proud to be an expert Realtor in townhomes & condos throughout the Richmond area, including city of Richmond, Henrico County and Chesterfield County. If you want to find out more about condos and townhomes throughout Richmond, please feel free to get in touch with me! As your Richmond area condo & townhome real estate expert, I am here to help!

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