NOT LISTED FOR SALE

507 Somerset Ave Richmond, VA 23226

Three Chopt Neighborhood

Estimated Value: $1,010,000 - $1,153,000

4 Beds
3 Baths
2,255 Sq Ft
$474/Sq Ft Est. Value

About This Home

This home is located at 507 Somerset Ave, Richmond, VA 23226 and is currently estimated at $1,069,462, approximately $474 per square foot. 507 Somerset Ave is a home located in Richmond City with nearby schools including Mary Munford Elementary School, Albert Hill Middle, and Thomas Jefferson High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2011
Sold by
Dalton Terrell D
Bought by
Mcclain Richard C
Current Estimated Value
$1,069,462

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Outstanding Balance
$78,177
Interest Rate
5.07%
Mortgage Type
New Conventional
Estimated Equity
$981,066

Purchase Details

Closed on
Mar 18, 2002
Bought by
Dalton Mark A and Dalton Terrell D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,200
Interest Rate
7.04%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 20, 2002
Sold by
Dorsey Bettie T
Bought by
Dalton Terrell D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,200
Interest Rate
7.04%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Mcclain Richard C $409,000 --
Dalton Mark A -- --
Dalton Terrell D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcclain Richard C $110,000
Previous Owner Dalton Mark A $336,000
Previous Owner Dalton Mark A $42,000
Previous Owner Dalton Terrell D $86,000
Previous Owner Dalton Mark A $239,200
Source: Public Records

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 $9,036 $753,000 $195,000 $558,000
2024 $8,580 $715,000 $178,000 $537,000
2023 $8,124 $677,000 $162,000 $515,000
2022 $7,428 $619,000 $135,000 $484,000
2021 $6,732 $594,000 $135,000 $459,000
2020 $6,732 $561,000 $105,000 $456,000
2019 $6,420 $535,000 $105,000 $430,000
2018 $6,084 $507,000 $105,000 $402,000
2017 $5,868 $489,000 $92,000 $397,000
2016 $5,664 $472,000 $92,000 $380,000
2015 $5,520 $460,000 $92,000 $368,000
2014 $5,520 $460,000 $87,000 $373,000
Source: Public Records

Map

Virginia Richmond City County Richmond 23226 Near West End

507 Somerset Ave, Richmond, VA

This home is located at 507 Somerset Ave, Richmond, VA 23226 and is currently estimated at $1,069,462, approximately $474 per square foot. 507 Somerset Ave is a home located in Richmond City with nearby schools including Mary Munford Elementary School, Albert Hill Middle, and Thomas Jefferson High School.

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