NOT LISTED FOR SALE

2503 Lancelot Ave Richmond, VA 23234

Jeff Davis Neighborhood

Estimated Value: $147,000 - $188,053

2 Beds
1 Bath
832 Sq Ft
$206/Sq Ft Est. Value

Last Sold May 08, 2012

Last sale price $19,000 $23 Per Sq Ft

Est. 803% increase in value since last sale

Current estimated payment $1,080/month

About This Home

As of May 2012

Cinder block bungalow in convenient location just off Jefferson Davis Highway! In need of total renovation. Currently inhabitable. Great investor opportunity to renovate or rental!

Last Agent to Sell the Property

Chad Seay

Seay Real Estate License #0225043676 Listed on: 12/15/2011

Last Buyer's Agent

Cathy Marsh

US Realty One Inc License #0225186298

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,836

Year Built

  • 1950

Lot Details

  • 7,841

Home Design

  • Composition Roof

Interior Spaces

  • Property has 1 Level

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Listing and Financial Details

  • Assessor Parcel Number S0090304029

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,836

Year Built

1950

Lot Details

0

Listing Details

  • Structure: Block
  • Price Per Finished Sq Ft: 22.84
  • Finished Sq Ft: 832
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1950

Interior Features

  • Number of Rooms: 6
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Level 1 Full Bathrooms: 1
  • Full Bath Level 1 Description: Tub & Shower
  • Attic: No Attic
  • Number Of Levels: 1.00

Exterior Features

  • Frontage Road: 56
  • Roof: Composition
  • Siding: Block

Utilities

  • Heating: Electric
  • Sewer: Public Sewer
  • Water: Public Water

Schools

  • Elementary School: Summer Hill
  • Middle School: Boushall
  • High School: Wythe

Lot Info

  • Lot Dimensions: 56 x 142.5
  • Zoning: R-4 Single Family
  • Parcel Number: S0090304029

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2011
Closed on
May 7, 2012
Sold by
Spellman Doanld D
Bought by
Garcia Elder A
Seller's Agent
Chad Seay
Seay Real Estate
Buyer's Agent
Cathy Marsh
US Realty One Inc
List Price
$25,000
Sold Price
$19,000
Premium/Discount to List
-$6,000
-24%
Current Estimated Value
$171,513

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,513
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

Purchase History

Date Buyer Sale Price Title Company
Garcia Elder A $19,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/08/2012 05/08/12 Sold $19,000 -24.0% $23 / Sq Ft
04/25/2012 04/25/12 Pending -- -- --
12/15/2011 12/15/11 For Sale $25,000 -- $30 / Sq Ft
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 $1,836 $153,000 $55,000 $98,000
2024 $1,728 $144,000 $45,000 $99,000
2023 $1,524 $127,000 $36,000 $91,000
2022 $1,380 $115,000 $36,000 $79,000
2021 $780 $83,000 $16,000 $67,000
2020 $780 $65,000 $10,000 $55,000
2019 $564 $47,000 $10,000 $37,000
2018 $540 $45,000 $10,000 $35,000
2017 $516 $43,000 $10,000 $33,000
2016 $516 $43,000 $10,000 $33,000
2015 $836 $43,000 $10,000 $33,000
2014 $836 $43,000 $10,000 $33,000
Source: Public Records

Agents Affiliated with this Home

  • Chad Seay

    Seller's Agent in 2012

    Chad Seay

    Seay Real Estate

    (804) 559-2665

    222 Total Sales

    Chad Seay
    Section Image

  • C

    Buyer's Agent in 2012

    Cathy Marsh

    US Realty One Inc

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Map

Source: Central Virginia Regional MLS

MLS Number: 1131591

Central Virginia Regional MLS

APN: S009-0304-029

Virginia Richmond City County Richmond 23234 Jeff Davis

2503 Lancelot Ave, Richmond, VA

This home is located at 2503 Lancelot Ave, Richmond, VA 23234 since 15 December 2011 and is currently estimated at $171,513, approximately $206 per square foot. This property was built in 1950. 2503 Lancelot Ave is a home located in Richmond City with nearby schools including Broad Rock Elementary School, Thomas C. Boushall Middle School, and Richmond High School for the Arts.

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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