$260,000
SOLD OCT 15, 2025

2218 Bailey Dr Henrico, VA 23231

2 Beds
1 Bath
1,220 Sq Ft
0.37 Acres

Recently Sold

$213 Per Sq Ft

13% Below List Price

49 Days on Market

Highlights

  • Wood Flooring
  • Screened Porch
  • Formal Dining Room
  • Corner Lot
  • Cottage
  • Additional Land

About This Home

As of October 2025

Charm and character from yesteryear welcome you to Montrose Heights and a 1939 chalet style cottage that awaits its next chapter! Hardwood floors greet you in the spacious living room where you'll appreciate a brick fireplace and access to the screened porch. Hardwoods flow through an arched doorway and into the dining room which offers ample space for family and friends to gather around your table. Raised panel wood cabinets adorn the kitchen and from here is where you access the utility/laundry room a few steps down. On the bedroom wing of the home, a ceramic tiled full bathroom is accessed from the hall and is positioned between two generously sized bedrooms. Pull down stairs provide access to lots of attic space. Check out the vintage glass door knobs! All appliances stay. A brand new Carrier heat pump/central air system was installed in 2024 and the original radiators are still in place although not used for years. And what an incredible yard! In fact, an extra lot is included with this house that has its own address and tax record (2222 Bailey Dr)! So with this property, you can enjoy one of the largest lots in the neighborhood or, possibly, build another home next door. A variance from Henrico County might be required and you'll see others close-by that have been built on similar lots. The Richmond City line is within this same block and from this historic location, you can be in Fulton Hill, Church Hill or Rocketts Landing right away! In the other direction, The Shops at White Oak Village, Richmond International Airport and the town of Sandston are all nearby, as well. Come be a part of the revitalization that's occurring in this fantastic portion of the RVA market!

Last Agent to Sell the Property

Chad Seay

Seay Real Estate Brokerage Phone: (804) 559-2665 License #0225043676 Listed on: 07/23/2025

Last Buyer's Agent

Rachel Babb

Compass License #0225219438

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,897

Year Built

  • Built in 1939

Lot Details

  • 0.37 Acre Lot
  • Corner Lot
  • Level Lot
  • Additional Land
  • Zoning described as R4

Parking

  • On-Street Parking

Home Design

  • Cottage
  • Bungalow
  • Frame Construction
  • Asphalt Roof
  • Aluminum Siding
  • Plaster

Interior Spaces

  • 1,220 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Formal Dining Room
  • Screened Porch
  • Crawl Space

Kitchen

  • Oven
  • Electric Cooktop
  • Stove

Flooring

  • Wood
  • Linoleum
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting
  • Shed
  • Outbuilding

Schools

  • Montrose Elementary School
  • Rolfe Middle School
  • Varina High School

Utilities

  • Central Air
  • Heat Pump System
  • Water Heater

Community Details

  • Montrose Heights Subdivision

Listing and Financial Details

  • Tax Lot 405
  • Assessor Parcel Number 804-715-9429 & 804-715-9834

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,897

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1939
  • Property Attached Yn: No
  • Attribution Contact: (804) 559-2665
  • Lot Size Acres: 0.37
  • Ownership: Individuals
  • Subdivision Name: Montrose Heights
  • Above Grade Finished Sq Ft: 1220.0
  • Architectural Style: Bungalow, Cottage, Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Approximate
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile, Linoleum, Wood
  • Basement: Crawl Space
  • Appliances: Dryer, Electric Cooking, Electric Water Heater, Oven, Refrigerator, Stove, Washer
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Masonry, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Bedroom on Main Level, Ceiling Fan(s), Separate/Formal Dining Room, Fireplace, Main Level Primary
  • Living Area: 1220.0
  • Stories: 1

Exterior Features

  • Roof: Asphalt
  • Fencing: None
  • Lot Features: Additional Land Available, Corner Lot, Level
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Aluminum Siding, Frame, Plaster
  • Exterior Features: Lighting, Out Building(s), Porch, Storage, Shed
  • Other Structures: Outbuilding
  • Patio And Porch Features: Screened, Side Porch, Porch
  • Property Condition: Resale

Garage/Parking

  • Parking Features: On Street

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water Heater: Electric
  • Water Source: Public
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Rolfe

Lot Info

  • Topography: Level
  • Parcel Number: 804-715-9429 & 804-715-9834
  • Zoning Description: R4

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 1896.56
  • Tax Lot: 405

MLS Schools

  • Elementary School: Montrose
  • High School: Varina

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2025
Closed on
Sep 25, 2025
Sold by
Banks Octavia L H and Hall Octavia L
Bought by
Pekun Artem
Seller's Agent
Chad Seay
Seay Real Estate
Buyer's Agent
Rachel Babb
Compass
List Price
$299,900
Sold Price
$260,000
Premium/Discount to List
-$39,900
-13.3%
Views
133
Current Estimated Value
$269,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,254
Avg. Annual Appreciation
11.55%
Original Mortgage
$234,000
Outstanding Balance
$233,788
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$35,466

Purchase Details

Closed on
May 8, 2002
Sold by
Borden Muriel V
Bought by
Greg Banks

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$72,420
Interest Rate
7.18%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $260,000 Fidelity National Title Insura
Warranty Deed $73,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $234,000 New Conventional
Previous Owner $72,420 FHA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/15/2025 10/15/25 Sold $260,000 -8.7% $213 / Sq Ft
09/10/2025 09/10/25 Pending -- -- --
08/28/2025 08/28/25 Price Changed $284,900 -5.0% $234 / Sq Ft
07/23/2025 07/23/25 For Sale $299,900 -- $246 / Sq Ft
Source: Central Virginia Regional MLS

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 $1,799 $197,600 $53,800 $143,800
2024 $1,799 $173,500 $47,500 $126,000
2023 $1,475 $173,500 $47,500 $126,000
2022 $1,132 $139,700 $45,000 $94,700
2021 $1,023 $101,600 $32,500 $69,100
2020 $884 $101,600 $32,500 $69,100
2019 $829 $95,300 $30,000 $65,300
2018 $837 $96,200 $30,000 $66,200
2017 $813 $93,400 $30,000 $63,400
2016 $787 $90,500 $30,000 $60,500
2015 $746 $85,700 $30,000 $55,700
2014 $746 $85,700 $30,000 $55,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2520864

Central Virginia Regional MLS

APN: 804-715-9429