221 E 40th St Norfolk, VA 23504
Colonial Place-Riverview NeighborhoodEstimated payment $2,312/month
Highlights
- Colonial Architecture
- Attic
- No HOA
- Wood Flooring
- 2 Fireplaces
- Screened Porch
About This Home
A rare opportunity for the savvy buyer who recognizes potential. This beautiful historic home in sought-after Riverview offers the chance to add your own finishing touches while building instant equity. Several key upgrades are already complete, including a new tankless hot water heater/boiler, updated fixtures in the second-floor bathrooms, laundry relocated to the first floor, and the addition of a first-floor half bath. The walk-in attic is ready to be finished, offering approximately 500 additional square feet. Enjoy large screened-in porches on both the first and second floors, a primary bedroom with a working fireplace and shared ensuite, and a large, dry basement ideal for storage (no flood insurance required). Located just blocks from Riverview Village shopping and dining and Lafayette Park, with easy access to Ghent, Downtown, and interstates.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,862
Year Built
- Built in 1921
Lot Details
- 5,227 Sq Ft Lot
- Back Yard Fenced
- Property is zoned R-8
Home Design
- Colonial Architecture
- Slate Roof
- Vinyl Siding
Interior Spaces
- 2,128 Sq Ft Home
- 3-Story Property
- 2 Fireplaces
- Wood Burning Fireplace
- Entrance Foyer
- Screened Porch
- Utility Room
- Basement
- Crawl Space
- Permanent Attic Stairs
Kitchen
- Gas Range
- Dishwasher
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- En-Suite Primary Bedroom
- Jack-and-Jill Bathroom
Laundry
- Dryer
- Washer
Parking
- 1 Car Detached Garage
- Driveway
- Off-Street Parking
Accessible Home Design
- Accessible Elevator Installed
Schools
- Granby Elementary School
- Blair Middle School
- Maury High School
Utilities
- Cooling System Mounted To A Wall/Window
- Radiator
- Tankless Water Heater
- Gas Water Heater
Community Details
- No Home Owners Association
- Riverview 202 Subdivision
Map
Home Values in the Area
Average Home Value in this Area
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 | $4,941 | $395,300 | $105,000 | $290,300 |
| 2024 | $4,753 | $386,400 | $105,000 | $281,400 |
| 2023 | $4,531 | $362,500 | $105,000 | $257,500 |
| 2022 | $4,156 | $332,500 | $75,000 | $257,500 |
| 2021 | $4,085 | $326,800 | $75,000 | $251,800 |
| 2020 | $4,085 | $326,800 | $75,000 | $251,800 |
| 2019 | $3,826 | $306,100 | $65,500 | $240,600 |
| 2018 | $3,579 | $286,300 | $65,500 | $220,800 |
| 2017 | $3,177 | $276,300 | $65,500 | $210,800 |
| 2016 | $3,062 | $260,800 | $62,000 | $198,800 |
| 2015 | $2,999 | $260,800 | $62,000 | $198,800 |
| 2014 | $2,999 | $260,800 | $62,000 | $198,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/08/2026 02/08/26 | Pending | -- | -- | -- |
| 01/28/2026 01/28/26 | For Sale | $370,000 | -- | $174 / Sq Ft |
Source: Real Estate Information Network (REIN)
MLS Number: 10617740
APN: 41713100
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