NOT LISTED FOR SALE

507 N 6th Ave Hopewell, VA 23860

Estimated Value: $135,000 - $163,000

3 Beds
1 Bath
1,235 Sq Ft
$121/Sq Ft Est. Value

Last Sold August 22, 2022

Last sale price $95,000 $77 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $920/month

28 Days on Market

Highlights

  • Central Air
  • Heat Pump System
  • 3-minute walk to 3 1/2 Street Playground
  • Vinyl Flooring
  • 1-Story Property

About This Home

As of August 2022

Great opportunity, residential home in a commercial location. It could be a possible flip or a rental opportunity or a great attraction for a first time home buyer. The home is being sold strictly As Is. 2 bedrooms, office/den (could make into a 3rd bedroom, living room, dining room and large eat in kitchen with utility room.
Home sold as is. Heat Pump 3 years old. Some updating and painting, new kitchen floors, new light fixtures. This can be move in ready and can fix as desired. Parking in the back yard. Property can not be financed. Cash only sale.

Last Agent to Sell the Property

Jacqueline Butterworth

EXP Realty LLC License #0225100128 Listed on: 06/23/2022

EXP Realty LLC

Last Buyer's Agent

Derrick West

Long & Foster REALTORS License #0225227645

Long & Foster REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,140

Year Built

  • Built in 1947

Lot Details

  • 6,011 Sq Ft Lot
  • Zoning described as RP

Home Design

  • Frame Construction
  • Shingle Roof
  • Asphalt Roof
  • T111 Siding

Interior Spaces

  • 1,235 Sq Ft Home
  • 1-Story Property

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • Off-Street Parking
  • Assigned Parking

Schools

  • Copeland Elementary School
  • Carter G. Woodson Middle School
  • Hopewell High School

Utilities

  • Central Air
  • Heat Pump System
  • Water Heater

Community Details

  • B Village Subdivision

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 011-1290

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,140

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1947
  • Property Attached Yn: No
  • Lot Size Acres: 0.138
  • Ownership: Other
  • Subdivision Name: B Village
  • Architectural Style: Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Laminate, Vinyl
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1235.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Asphalt, Shingle
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Block, Frame, T1-11 Siding
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Assigned, Off Street

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air, Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Carter G. Woodson

Lot Info

  • Parcel Number: 011-1290
  • Zoning Description: RP
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 1140.0
  • Tax Lot: 10

MLS Schools

  • Elementary School: Copeland
  • High School: Hopewell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2022
Closed on
Aug 16, 2022
Sold by
7Th Street Invs Llc
Bought by
Cannon Llc
Seller's Agent
Jacqueline Butterworth
EXP Realty LLC
Buyer's Agent
Derrick West
Long & Foster REALTORS
List Price
$100,000
Sold Price
$95,000
Premium/Discount to List
-$5,000
-5%
Views
6
Current Estimated Value
$150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$55,000
Avg. Annual Appreciation
15.55%
Original Mortgage
$115,000
Outstanding Balance
$109,760
Interest Rate
5.3%
Mortgage Type
New Conventional
Estimated Equity
$40,240
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
Cannon Llc $95,000 --
Cannon Estates Llc $95,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cannon Estates Llc $115,000
Closed Cannon Llc $115,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2022 08/22/22 Sold $95,000 -5.0% $77 / Sq Ft
07/21/2022 07/21/22 Pending -- -- --
07/08/2022 07/08/22 For Sale $100,000 0.0% $81 / Sq Ft
06/29/2022 06/29/22 Pending -- -- --
06/23/2022 06/23/22 For Sale $100,000 -- $81 / 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 $1,522 $130,100 $44,700 $85,400
2024 $1,219 $104,200 $40,700 $63,500
2023 $1,177 $104,200 $40,700 $63,500
2022 $1,140 $100,900 $40,700 $60,200
2021 $1,140 $100,900 $40,700 $60,200
2020 $1,140 $100,900 $40,700 $60,200
2019 $1,140 $100,900 $40,700 $60,200
2018 $2,670 $94,700 $40,700 $54,000
2017 $1,070 $94,700 $40,700 $54,000
2016 $1,079 $95,500 $40,700 $54,800
2015 $1,079 $95,500 $40,700 $54,800
2014 $420 $75,600 $44,100 $31,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2217725

Central Virginia Regional MLS

APN: 011-1290