507 Sherman Ave Hopewell, VA 23860
Estimated payment $524/month
About This Lot
Nestled in the desirable city of Hopewell, this spacious half-acre lot offers an exceptional opportunity for investors or homebuilders. The property boasts level terrain in an established neighborhood , providing a peaceful natural setting. With ample road frontage and water & sewer hookups available onsite, this lot is primed for development and may be subdivided, offering flexibility for multiple homes or investment projects. Conveniently located close to Hopewell High, shopping, and major commuter routes, this is a rare chance to build or invest in a growing community.
Property Details
Property Type
- Land
Est. Annual Taxes
- $610
Lot Details
- 0.46 Acre Lot
- Zoning described as RA
Schools
- Woodlawn Elementary School
- Carter G. Woodson Middle School
- Hopewell High School
Utilities
- Natural Gas Not Available
Community Details
- Westwood Park Section 2 Subdivision
- The community has rules related to allowing corporate owners
Listing and Financial Details
- Tax Lot 4
- Assessor Parcel Number 085-0020
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 | $355 | $30,300 | $30,300 | $0 |
| 2023 | $294 | $52,100 | $27,500 | $24,600 |
| 2022 | $536 | $47,400 | $26,400 | $21,000 |
| 2021 | $536 | $47,400 | $26,400 | $21,000 |
| 2020 | $516 | $45,700 | $27,500 | $18,200 |
| 2019 | $516 | $45,700 | $27,500 | $18,200 |
| 2018 | $1,064 | $94,200 | $28,800 | $65,400 |
| 2017 | $1,064 | $94,200 | $28,800 | $65,400 |
| 2016 | $1,096 | $97,000 | $28,800 | $68,200 |
| 2015 | $1,096 | $97,000 | $28,800 | $68,200 |
| 2014 | $1,087 | $97,900 | $28,800 | $69,100 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/24/2025 11/24/25 | Price Changed | $90,000 | -10.0% | -- | |
| 10/15/2025 10/15/25 | For Sale | $100,000 | +60.0% | -- | |
| 12/09/2022 12/09/22 | Sold | $62,500 | -9.4% | $49 / Sq Ft | View Prior Sale |
| 11/18/2022 11/18/22 | Pending | -- | -- | -- | |
| 11/01/2022 11/01/22 | For Sale | $69,000 | -- | $54 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $62,500 | Bankers Title |
Source: Central Virginia Regional MLS
MLS Number: 2529052
APN: 085-0020
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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