NOT LISTED FOR SALE

507 Lincoln Ave Richmond, VA 23222

Washington Park Neighborhood

Estimated Value: $326,000 - $355,069

3 Beds
2 Baths
1,395 Sq Ft
$246/Sq Ft Est. Value

Last Sold August 23, 2023

Last sale price $316,000 $227 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,150/month

36 Days on Market

Highlights

  • Granite Countertops
  • Thermal Windows
  • Eat-In Kitchen
  • Open High School Rated A+
  • Front Porch
  • Walk-In Closet

About This Home

As of August 2023

The one you've been waiting for is here! This one is called the three Cs - Cozy, Cute, and Charming. It offers a mix of modern and rustic style in a single-family home. It's a FULLY RENOVATED, 3 bedrooms, 2 full baths, open concept, amazing rancher with over 1300sq ft of living space. This home is all about location, tucked in a quiet cul-de-sac and in one of the most sought after areas in Richmond City. Why pay for new construction? Everything you need is here: Updated electrical, plumbing, windows, recess lighting, brand new HVAC system, gorgeous laminated flooring throughout, beautiful kitchen, granite counter tops and to top it off, freshly painted. You will love the primary bedroom en-suite, with walk-in-closet and excellent lighting. Relax or entertain in the spacious yard and enjoy peace in your brand new porch or deck! If you like to entertain, the kitchen is perfectly designed to invite your friends and have a great time. This home is minutes from downtown Richmond where you'll find great dining and shopping areas.

Last Agent to Sell the Property

Angel Velez

Home For Life Realty LLC Brokerage Email: avelez@homeforliferealty.com License #0225221698 Listed on: 06/17/2023

Last Buyer's Agent

Cat Wilcox

Samson Properties License #0225245705

Samson Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,164

Year Built

  • Built in 1932 | Remodeled

Lot Details

  • 8,625 Sq Ft Lot
  • Zoning described as R-5

Home Design

  • Frame Construction
  • Composition Roof
  • Stucco

Interior Spaces

  • 1,395 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Thermal Windows
  • Laminate Flooring
  • Washer Hookup

Kitchen

  • Eat-In Kitchen
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Shed
  • Front Porch

Schools

  • Frances W. Mcclenney Elementary School
  • Henderson Middle School
  • John Marshall High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Water Heater
  • Cable TV Available

Community Details

  • Washington Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number N018-0455-004

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,164

Year Built

Built in 1932 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1932
  • Property Attached Yn: No
  • Attribution Contact: avelez@homeforliferealty.com
  • Lot Size Acres: 0.198
  • Ownership: Corporate
  • Subdivision Name: Washington Park
  • Architectural Style: Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Renovated
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Laminate
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Bedroom on Main Level, Ceiling Fan(s), Eat-in Kitchen, Granite Counters, Bath in Primary Bedroom, Main Level Primary, Pantry, Cable TV, Walk-In Closet(s)
  • Living Area: 1395.0
  • Stories: 1
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: None
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Drywall, Frame, Stucco
  • Exterior Features: Porch, Paved Driveway
  • Other Structures: Shed(s)
  • Patio And Porch Features: Front Porch, Porch
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Driveway, Paved

Utilities

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

Schools

  • Middle Or Junior School: Henderson

Lot Info

  • Parcel Number: N018-0455-004
  • Zoning Description: R-5
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1164.0

MLS Schools

  • Elementary School: Frances W. McClenney
  • High School: John Marshall

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2023
Closed on
Aug 10, 2023
Sold by
Captain Homes Llc
Bought by
Dimery Cynthia D
Seller's Agent
Angel Velez
Home For Life Realty LLC
Buyer's Agent
Cat Wilcox
Samson Properties
List Price
$311,000
Sold Price
$316,000
Premium/Discount to List
$5,000
1.61%
Views
252
Current Estimated Value
$343,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,517
Avg. Annual Appreciation
3.08%
Original Mortgage
$316,000
Outstanding Balance
$306,600
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$29,869

Purchase Details

Closed on
Jul 16, 2021
Sold by
Lukanuski Gregory A
Bought by
Captain Homes Llc and Woodruff

Purchase Details

Closed on
Aug 30, 2004
Sold by
Frazier Rena
Bought by
Lundy Irene
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Dimery Cynthia D $316,000 Old Republic National Title In
Captain Homes Llc $148,500 None Listed On Document
Lundy Irene $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dimery Cynthia D $316,000
Previous Owner Lundy Irene J $46,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2023 08/23/23 Sold $316,000 +1.6% $227 / Sq Ft
07/23/2023 07/23/23 Pending -- -- --
06/17/2023 06/17/23 For Sale $311,000 -- $223 / 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 $3,840 $320,000 $65,000 $255,000
2024 $3,648 $304,000 $60,000 $244,000
2023 $3,432 $286,000 $60,000 $226,000
2022 $1,164 $97,000 $25,000 $72,000
2021 $1,104 $92,000 $20,000 $72,000
2020 $1,104 $92,000 $20,000 $72,000
2019 $1,661 $88,000 $20,000 $68,000
2018 $1,020 $85,000 $20,000 $65,000
2017 $984 $82,000 $20,000 $62,000
2016 $1,667 $82,000 $20,000 $62,000
2015 $2,004 $81,000 $20,000 $61,000
2014 $2,004 $107,000 $20,000 $87,000
Source: Public Records

Agents Affiliated with this Home

  • Angel Velez

    Seller's Agent in 2023

    Angel Velez

    Home For Life Realty LLC

    (910) 578-6936

    1 in this area

    61 Total Sales

    Angel Velez
    Section Image
  • Cat Wilcox

    Buyer's Agent in 2023

    Cat Wilcox

    Samson Properties

    (850) 686-2197

    1 in this area

    46 Total Sales

    Cat Wilcox
    Section Image
See All Agents

Map

Source: Central Virginia Regional MLS

MLS Number: 2314788

Central Virginia Regional MLS

APN: N018-0455-004

Virginia Richmond City County Richmond 23222 Washington Park

507 Lincoln Ave, Richmond, VA

This home is located at 507 Lincoln Ave, Richmond, VA 23222 since 17 June 2023 and is currently estimated at $343,517, approximately $246 per square foot. This property was built in 1932. 507 Lincoln Ave is a home located in Richmond City with nearby schools including Frances W. McClenney Elementary School, Henderson Middle School, and John Marshall High School.

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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