NOT LISTED FOR SALE

507 Wilmer Ave Richmond, VA 23227

Chamberlayne Neighborhood

Estimated Value: $217,000 - $323,000

3 Beds
1 Bath
1,104 Sq Ft
$252/Sq Ft Est. Value

Last Sold June 11, 2013

Last sale price $45,000 $41 Per Sq Ft

Est. 519% increase in value since last sale

Current estimated payment $1,632/month

27 Days on Market

About This Home

As of June 2013

What a wonderful investment property! The neighborhood is GREAT, the location SUPER. This 3/1 is poised for some renovation and priced to sell, with a price well below it's $100,000+ tax assessment. With hardwood floors throughout, classic charm and great bones it would make a fantastic rental or "fixer upper." Property should qualify for 203K mortgage. Bring your offers, seller is looking to move on this one!

Last Agent to Sell the Property

Cathy Mathews

Fresh Start Realty License #0225181020 Listed on: 03/15/2013

Last Buyer's Agent

Shawn Shurm

Realty Richmond License #0225066878

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,384

Year Built

  • 1955

Lot Details

  • 9,148

Home Design

  • Composition Roof

Interior Spaces

  • Property has 1 Level
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Listing and Financial Details

  • Assessor Parcel Number 790-745-4485

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,384

Year Built

1955

Lot Details

0

Listing Details

  • Structure: Frame
  • Price Per Finished Sq Ft: 40.76
  • Finished Sq Ft: 1104
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1955

Interior Features

  • Flooring: Wood
  • Interior: 1st Floor Bedroom, 1st Floor Master Bedroom, Eat-In-Kitchen, Washer Hookup, Dryer Hookup
  • Number of Rooms: 6
  • Total Bedrooms: 3
  • Full Bathrooms: 1
  • Level 1 Full Bathrooms: 1
  • Full Bath Level 1 Description: Tub & Shower
  • Basement Type: Basement-Full
  • Attic: No Attic
  • Number Of Levels: 1.00

Exterior Features

  • Porch: Front
  • Roof: Composition
  • Siding: Aluminum

Utilities

  • Heating Fuel: Oil
  • Sewer: Public Sewer
  • Water: Public Water

Schools

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

Lot Info

  • Zoning: R-4
  • Lot: 12
  • Parcel Number: 790-745-4485

Multi Family

  • Attachment Count: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2013
Closed on
Jun 11, 2013
Sold by
Bales Karen D
Bought by
Gerges Magda
Seller's Agent
Cathy Mathews
Fresh Start Realty
Buyer's Agent
Shawn Shurm
Realty Richmond
List Price
$49,950
Sold Price
$45,000
Premium/Discount to List
-$4,950
-9.91%
Current Estimated Value
$278,568

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$233,568
Avg. Annual Appreciation
15.90%
Original Mortgage
$43,142
Outstanding Balance
$30,087
Interest Rate
2.75%
Mortgage Type
FHA
Estimated Equity
$242,667
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
Gerges Magda $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gerges Magda $43,142
Closed Gerges Magda $4,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2013 06/11/13 Sold $45,000 -9.9% $41 / Sq Ft
04/11/2013 04/11/13 Pending -- -- --
03/15/2013 03/15/13 For Sale $49,950 -- $45 / 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 $1,384 $157,600 $42,000 $115,600
2024 $1,384 $145,300 $40,000 $105,300
2023 $1,235 $145,300 $40,000 $105,300
2022 $1,049 $129,500 $38,000 $91,500
2021 $997 $114,600 $33,000 $81,600
2020 $997 $114,600 $33,000 $81,600
2019 $963 $110,700 $33,000 $77,700
2018 $946 $108,700 $30,000 $78,700
2017 $833 $95,700 $26,000 $69,700
2016 $824 $94,700 $26,000 $68,700
2015 $824 $94,700 $26,000 $68,700
2014 $824 $94,700 $26,000 $68,700
Source: Public Records

Agents Affiliated with this Home

  • Cathy Mathews

    Seller's Agent in 2013

    Cathy Mathews

    Fresh Start Realty

    (804) 245-1004

    40 Total Sales

    Cathy Mathews
    Section Image
  • Shawn Shurm

    Buyer's Agent in 2013

    Shawn Shurm

    Realty Richmond

    (804) 339-1143

    1 in this area

    145 Total Sales

    Shawn Shurm
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 1306767

Central Virginia Regional MLS

APN: 790-745-4485

Virginia Henrico County Richmond 23227 Chamberlayne

507 Wilmer Ave, Richmond, VA

This home is located at 507 Wilmer Ave, Richmond, VA 23227 since 15 March 2013 and is currently estimated at $278,568, approximately $252 per square foot. This property was built in 1955. 507 Wilmer 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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