505 Fayette Ave Richmond, VA 23222
Estimated payment $1,463/month
Highlights
- Cape Cod Architecture
- Wood Flooring
- Granite Countertops
- Deck
- Separate Formal Living Room
- Thermal Windows
About This Home
Charming Renovated Cape Cod in Confederate Heights! Welcome to 505 Fayette Avenue, a beautifully updated 2-bedroom, 1-bath home offering the best of both worlds—classic 1948 charm and modern updates throughout. With 1,053 finished square feet, this home provides one-level living plus a huge walk-up attic ready for your finishing touches or extra storage. Fully renovated in 2012, the home features hardwood floors, energy-efficient vinyl windows, and a maintenance-free brick and vinyl exterior. The spacious living room boasts a ceiling fan and abundant natural light, while the adjoining dining room flows seamlessly into the updated kitchen, complete with granite countertops, recessed lighting, tile flooring, and plenty of cabinetry. White kitchen appliances, including a stack washer/dryer, are also included. The full bath has been stylishly updated with a classic subway-tiled tub/shower combo. Both bedrooms are generously sized with hardwood floors, ceiling fans, and large closets. Enjoy relaxing on the large covered front porch or entertaining on the rear deck overlooking a spacious backyard. The home also features a dimensional shingle roof (2015) and offers unbeatable convenience—just off Laburnum Avenue, minutes from Richmond Raceway, Northside, and downtown Richmond. Don’t miss this move-in ready gem full of character and comfort!
Listing Agent
Long & Foster REALTORS Brokerage Phone: (804) 393-1038 License #0225177664 Listed on: 09/02/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,583
Year Built
- Built in 1948 | Remodeled
Lot Details
- 0.35 Acre Lot
- Level Lot
- Zoning described as R3
Home Design
- Cape Cod Architecture
- Brick Exterior Construction
- Shingle Roof
- Composition Roof
- Vinyl Siding
Interior Spaces
- 1,053 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Recessed Lighting
- Thermal Windows
- Separate Formal Living Room
- Crawl Space
- Stacked Washer and Dryer
Kitchen
- Oven
- Microwave
- Dishwasher
- Granite Countertops
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Parking
- No Garage
- Driveway
- Unpaved Parking
- Off-Street Parking
Outdoor Features
- Deck
- Front Porch
Schools
- Laburnum Elementary School
- Douglas Wilder Middle School
- Henrico High School
Utilities
- Central Air
- Heat Pump System
- Water Heater
Community Details
- Confederate Heights Subdivision
Listing and Financial Details
- Tax Lot 12
- Assessor Parcel Number 793-740-5340
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 | $1,583 | $167,400 | $32,000 | $135,400 |
| 2024 | $1,583 | $163,400 | $32,000 | $131,400 |
| 2023 | $1,405 | $163,400 | $32,000 | $131,400 |
| 2022 | $1,035 | $126,200 | $30,000 | $96,200 |
| 2021 | $914 | $102,900 | $25,000 | $77,900 |
| 2020 | $906 | $102,900 | $25,000 | $77,900 |
| 2019 | $889 | $101,000 | $25,000 | $76,000 |
| 2018 | $855 | $97,100 | $24,000 | $73,100 |
| 2017 | $811 | $92,200 | $22,000 | $70,200 |
| 2016 | $811 | $92,200 | $22,000 | $70,200 |
| 2015 | $811 | $92,200 | $22,000 | $70,200 |
| 2014 | $811 | $92,200 | $22,000 | $70,200 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/15/2025 09/15/25 | Price Changed | $249,950 | -3.8% | $237 / Sq Ft |
| 09/02/2025 09/02/25 | For Sale | $259,950 | +664.6% | $247 / Sq Ft |
| 03/27/2012 03/27/12 | Sold | $34,000 | +9.7% | $32 / Sq Ft |
| 03/05/2012 03/05/12 | Pending | -- | -- | -- |
| 02/20/2012 02/20/12 | For Sale | $30,999 | -- | $29 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $34,000 | -- | |
| Trustee Deed | $33,948 | -- | |
| Deed | $50,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $280,000 | Credit Line Revolving | |
| Open | $1,591,258 | Credit Line Revolving | |
| Previous Owner | $48,326 | New Conventional |
Source: Central Virginia Regional MLS
MLS Number: 2524568
APN: 793-740-5340
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.
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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