$61,000
SOLD JAN 15, 2025

2202 Bailey Dr Richmond, VA 23231

Fulton Neighborhood
0.13 Acre
$484,897 Price per Acre
5,480 Sq Ft Lot

Recently Sold

205% Above List Price

15 Days on Market

About This Lot

As of July 2025

MONTROSS HEIGHTS - NEAR EAST END AREA - Richmond VA 23231 - REAL ESTATE AUCTION - BY ORDER OF SELLER! List price is the minimum starting bid. High bid at auction determines purchase contract price! CLEARED VACANT LOT with 5,480sf+/-, (0.126Ac, Approx 40'x137') - per tax records) This LOT is close proximity to: Downtown Richmond, East Richmond/henrico, Rockets Landing, White Oak, Richmond Airport & More! Located in the Armstrong High School, Martin Luther King Jr Middle School & Chimborazo Elementary School zones. Comparable area LOTS sell in the $30k-$70k range, and area homes typically sell in the $250k-$375k+ range. Ready for any approved use. **THIS LOT SELLING AS IS** Great opportunity for landowner or insightful investor. BE HIGH BIDDER & WIN! (All bidding online only, no pre-auction offers accepted.) . Lot has flags with what is approximate lot lines. No Survey on hand.

Last Agent to Sell the Property

Stephanie Williams

Virginia Capital Realty License #0225194120 Listed on: 11/28/2024

Virginia Capital Realty

Last Buyer's Agent

Matt Jarreau

Hometown Realty License #0225175691

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $720

Lot Details

  • 5,480 Sq Ft Lot
  • Cleared Lot
  • Zoning described as R-5

Schools

  • Chimborazo Elementary School
  • Martin Luther King Jr. Middle School
  • Armstrong High School

Utilities

  • Water Not Available

Community Details

  • Montrose Heights Subdivision

Listing and Financial Details

  • Tax Lot 414
  • Assessor Parcel Number E011-0168-002

Property Details

Property Type

Land

Est. Annual Taxes

$720

Lot Details

0

Listing Details

  • Property Type: Land
  • Property Sub Type: Unimproved Land
  • Lot Size Acres: 0.1258
  • Road Surface Type: Paved
  • Ownership: Individuals
  • Subdivision Name: Montrose Heights
  • Special Features: None

Interior Features

  • Possible Use: Single Family
  • Basement YN: No

Exterior Features

  • Fencing: None
  • Lot Features: Cleared
  • Waterfront: No

Utilities

  • Sewer: Public Sewer
  • Water Source: Not Connected (nearby), Public
  • Utilities: Fiber Optic Available, Natural Gas Not Available, Electricity Available

Condo/Co-op/Association

  • Community Features: Curbs, Gutter(s)

Schools

  • Middle Or Junior School: Martin Luther King Jr.

Lot Info

  • Parcel Number: E011-0168-002
  • Zoning Description: R-5
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 720.0
  • Tax Lot: 414

MLS Schools

  • Elementary School: Chimborazo
  • High School: Armstrong

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2025
Closed on
Jun 24, 2025
Sold by
Watchtower Homes And Construction Llc
Bought by
Axe Jordan
Seller's Agent
Matt Jarreau
Hometown Realty
Buyer's Agent
Alex Glaser
Long & Foster REALTORS
List Price
$399,950
Sold Price
$385,000
Premium/Discount to List
-$14,950
-3.74%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-100.00%
Original Mortgage
$365,750
Outstanding Balance
$365,750
Interest Rate
6.86%
Mortgage Type
New Conventional
Estimated Equity
-$299,750
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/02/2025 07/02/25 Sold $385,000 -3.7% $241 / Sq Ft
05/27/2025 05/27/25 Pending -- -- --
05/21/2025 05/21/25 For Sale $399,950 +555.7% $250 / Sq Ft
01/15/2025 01/15/25 Sold $61,000 +205.0% --
12/13/2024 12/13/24 Pending -- -- --
11/28/2024 11/28/24 For Sale $20,000 -- --
Source: Central Virginia Regional MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $756 $63,000 $63,000 $0
2024 $720 $60,000 $60,000 $0
2023 $720 $60,000 $60,000 $0
2022 $420 $35,000 $35,000 $0
2021 $240 $25,000 $25,000 $0
2020 $240 $20,000 $20,000 $0
2019 $240 $20,000 $20,000 $0
2018 $240 $20,000 $20,000 $0
2017 $240 $20,000 $20,000 $0
2016 $240 $20,000 $20,000 $0
2015 $240 $20,000 $20,000 $0
2014 $240 $20,000 $20,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Matt Jarreau

    Seller's Agent in 2025

    Matt Jarreau

    Hometown Realty

    (804) 306-9019

    54 in this area

    759 Total Sales

    Matt Jarreau
    Section Image
  • Stephanie Williams

    Seller's Agent in 2025

    Stephanie Williams

    Virginia Capital Realty

    (804) 387-9690

    1 in this area

    71 Total Sales

    Stephanie Williams
    Section Image
  • Alex Glaser

    Buyer's Agent in 2025

    Alex Glaser

    Long & Foster

    (804) 288-8888

    2 in this area

    201 Total Sales

    Alex Glaser
    Section Image
See All Agents

Map

Source: Central Virginia Regional MLS

MLS Number: 2430729

Central Virginia Regional MLS

APN: E011-0168-002

Virginia Richmond City County Richmond 23231 Fulton

2202 Bailey Dr, Richmond, VA

This home is located at 2202 Bailey Dr, Richmond, VA 23231 and is currently priced at $61,000. 2202 Bailey Dr is a home located in Richmond City with nearby schools including Chimborazo Elementary School, Martin Luther King Jr. Middle School, and Open High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Central Virginia Regional MLS All or a portion of th 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 ©2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

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