NOT LISTED FOR SALE

506 Grayson Ave Richmond, VA 23222

Estimated Value: $152,000 - $280,000

4 Beds
1 Bath
1,266 Sq Ft
$183/Sq Ft Est. Value

Last Sold September 18, 2017

Last sale price $50,000 $39 Per Sq Ft

Est. 362% increase in value since last sale

Current estimated payment $1,365/month

54 Days on Market

Highlights

  • Cape Cod Architecture
  • Forced Air Heating System
  • Partially Fenced Property
  • Wood Flooring
  • Dining Area
  • 1-Story Property

About This Home

As of September 2017

This nice Cape is priced $32,900 BELOW assessed value and offers 4 good sized bedrooms and a nice large fenced backyard. It does need some work but has tons of potential and all the charm you will ever need. Wood floors line the living and dining areas, and extend into the hallway and bedrooms. The living room offers a charming fireplace and an abundance of natural light as does the rest of the home. Next to the kitchen is a nice screened patio area that will surely be the coolest place to catch a breeze this summer. There are 2 bedrooms downstairs and 2 more upstairs that will ensure there is lots of space for the whole family. This home needs some work – a coat of fresh paint with some accent wall and refinishing the wood floors will help bring out its charm and appeal. A renovation loan will allow you an opportunity to make some fun updates to the home, such as updating the kitchen and bathroom. HUD homes are sold as-is, with no guarantee or warranty by the Seller, Listing Agent or Broker.

Last Agent to Sell the Property

Jasen Eastwood

Lifelong Realty Inc License #0225197293 Listed on: 06/22/2017

Last Buyer's Agent

Jeffrey Finn

United Real Estate Richmond License #0225077718

United Real Estate Richmond

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $774

Year Built

  • Built in 1948

Lot Details

  • 0.27 Acre Lot
  • Partially Fenced Property
  • Zoning described as R3

Home Design

  • Cape Cod Architecture
  • Shingle Roof
  • Composition Roof
  • Asbestos Siding
  • Vinyl Siding

Interior Spaces

  • 1,266 Sq Ft Home
  • 1-Story Property
  • Decorative Fireplace
  • Dining Area
  • Crawl Space
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Schools

  • Laburnum Elementary School
  • Douglas Wilder Middle School
  • Henrico High School

Utilities

  • No Cooling
  • Forced Air Heating System
  • Water Heater

Community Details

  • Confederate Heights Subdivision

Listing and Financial Details

  • REO, home is currently bank or lender owned
  • Assessor Parcel Number 793-740-4498

Home Details

Home Type

Single Family

Est. Annual Taxes

$774

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1948
  • Property Attached Yn: No
  • Lot Size Acres: 0.2656
  • Ownership: REO
  • Subdivision Name: Confederate Heights
  • Architectural Style: Cape Cod, Two Story
  • Garage Yn: No
  • Unit Levels: One and One Half
  • New Construction: No
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Single Family Residence
  • Special Features: 5120

Interior Features

  • Flooring: Partially Carpeted, Wood
  • Basement: Crawl Space
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Decorative
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Bedroom on Main Level, Dining Area
  • Living Area: 1266.0
  • Stories: 1
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Roof: Composition, Shingle
  • Fencing: Fenced, Partial
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Asbestos, Block, Concrete, Vinyl Siding
  • Property Condition: Resale

Utilities

  • Heating: Electric, Forced Air
  • Cooling: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling Y N: No
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Douglas Wilder

Lot Info

  • Parcel Number: 793-740-4498
  • Zoning Description: R3
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 774.0

MLS Schools

  • Elementary School: Laburnum
  • High School: Henrico

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 19, 2021
Sold by
Cava Delaware 1 Llc
Bought by
Cava Rental Properties Llc
Current Estimated Value
$231,219

Purchase Details

Listed on
Jun 22, 2017
Closed on
Sep 14, 2017
Sold by
The Secretary Of Housing And Urban Devel
Bought by
Richmond Home Options Llc A Virginia Lim and The 506 Grayson Land Trust Under Agreeme
Seller's Agent
Jasen Eastwood
Lifelong Realty Inc
Buyer's Agent
Jeffrey Finn
United Real Estate Richmond
List Price
$55,000
Sold Price
$50,000
Premium/Discount to List
-$5,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.53%

Purchase Details

Closed on
Mar 7, 2017
Sold by
Ocwen Loan Servicing Llc
Bought by
The Secretary Of Housing & Urban Develop

Purchase Details

Closed on
Jan 18, 2017
Sold by
Equity Trustees Llc A Virginia Limited L
Bought by
Ocwen Loan Servicing Llc
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
Cava Rental Properties Llc -- None Available
Richmond Home Options Llc A Virginia Lim $50,000 Attorney
The Secretary Of Housing & Urban Develop $65,900 Servicelink Llc
Ocwen Loan Servicing Llc $90,200 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cava Capital Llc Substitute Trustee Of T $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2017 09/18/17 Sold $50,000 -9.1% $39 / Sq Ft
08/15/2017 08/15/17 Pending -- -- --
06/22/2017 06/22/17 For Sale $55,000 -- $43 / 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 $1,263 $135,100 $32,000 $103,100
2024 $1,263 $132,100 $32,000 $100,100
2023 $1,136 $132,100 $32,000 $100,100
2022 $830 $101,200 $30,000 $71,200
2021 $734 $82,600 $25,000 $57,600
2020 $727 $82,600 $25,000 $57,600
2019 $715 $81,200 $25,000 $56,200
2018 $694 $78,900 $24,000 $54,900
2017 $774 $87,900 $22,000 $65,900
2016 $774 $87,900 $22,000 $65,900
2015 $774 $87,900 $22,000 $65,900
2014 $774 $87,900 $22,000 $65,900
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    Jasen Eastwood

    Lifelong Realty Inc

  • Jeffrey Finn

    Buyer's Agent in 2017

    Jeffrey Finn

    United Real Estate Richmond

    (804) 399-6031

    8 Total Sales

    Jeffrey Finn
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Map

Source: Central Virginia Regional MLS

MLS Number: 1723330

Central Virginia Regional MLS

APN: 793-740-4498

Virginia Henrico County Richmond 23222

506 Grayson Ave, Richmond, VA

This home is located at 506 Grayson Ave, Richmond, VA 23222 since 22 June 2017 and is currently estimated at $231,219, approximately $182 per square foot. This property was built in 1948. 506 Grayson Ave is a home located in Henrico County with nearby schools including Laburnum Elementary School, L. Douglas Wilder Middle, and Henrico High.

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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