NOT LISTED FOR SALE

508 Fayette Ave Richmond, VA 23222

Estimated Value: $229,000 - $276,000

3 Beds
1 Bath
1,363 Sq Ft
$181/Sq Ft Est. Value

Last Sold January 13, 2023

Last sale price $150,000 $110 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $1,461/month

7 Days on Market

Highlights

  • 2 Car Detached Garage
  • Tile Flooring
  • 1-Story Property
  • Bay Window
  • Forced Air Heating System

About This Home

As of January 2023

Wonderful investment opportunity to bring this brick rancher back to life with your own renovations. Currently a 3 bedroom and 1 full bathroom rancher, the property also includes a 600 square foot detached (finished) garage in the yard that was previously used as a recreation room. The entire property will require a full renovation as reflected in the price; it will not qualify for financing. Cash offers only. This is an AS IS, Court-ordered sale with no repairs. Inspections are responsibility of the buyer for informational purposes only. See MLS Agent Only Notes for additional guidance.

Last Agent to Sell the Property

Jenn Hart

Virginia Capital Realty Brokerage Phone: 804-317-7997 License #0225213983 Listed on: 12/05/2022

Virginia Capital Realty

Last Buyer's Agent

Mollie B. Benedict

Rashkind Saunders & Co. License #0225078487

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,385

Year Built

  • Built in 1951

Lot Details

  • 10,799 Sq Ft Lot
  • Zoning described as R3

Parking

  • 2 Car Detached Garage
  • Workshop in Garage
  • Dry Walled Garage

Home Design

  • Brick Exterior Construction
  • Shingle Roof

Interior Spaces

  • 1,363 Sq Ft Home
  • 1-Story Property
  • Bay Window
  • Crawl Space

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Stoop

Schools

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

Utilities

  • No Cooling
  • Forced Air Heating System

Community Details

  • Confederate Heights Subdivision

Listing and Financial Details

  • Assessor Parcel Number 793-740-5865

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,385

Year Built

Built in 1951

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1951
  • Property Attached Yn: No
  • Attribution Contact: 804-317-7997
  • Lot Size Acres: 0.2479
  • Ownership: Other
  • Subdivision Name: Confederate Heights
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • 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: Carpet, Laminate, Tile
  • Basement: Crawl Space
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: Bedroom on Main Level, Bay Window
  • Living Area: 1363.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Shingle
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Brick
  • Patio And Porch Features: Stoop
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Detached, Finished Garage, Garage, Workshop in Garage

Utilities

  • Heating: Electric, Forced Air
  • Cooling: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Douglas Wilder

Lot Info

  • Parcel Number: 793-740-5865
  • Zoning Description: R3
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1385.0

MLS Schools

  • Elementary School: Laburnum
  • High School: Henrico

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 5, 2022
Closed on
Jan 3, 2023
Sold by
508 Fayette Avenue Llc
Bought by
Richmond Wholesale Deals Llc
Seller's Agent
Jenn Hart
Virginia Capital Realty
Buyer's Agent
Mollie B. Benedict
Rashkind Saunders & Co.
List Price
$110,000
Sold Price
$150,000
Premium/Discount to List
$40,000
36.36%
Views
83
Current Estimated Value
$246,689

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,689
Avg. Annual Appreciation
17.41%

Purchase Details

Listed on
Dec 5, 2022
Closed on
Dec 29, 2022
Sold by
Fisher Hayden and Moody Quincy
Bought by
Escalante Rosendo O and Gutierrez Imelda M
Seller's Agent
Jenn Hart
Virginia Capital Realty
Buyer's Agent
Mollie B. Benedict
Rashkind Saunders & Co.
List Price
$110,000
Sold Price
$150,000
Premium/Discount to List
$40,000
36.36%
Views
83

Purchase Details

Closed on
Sep 30, 2022
Sold by
Richmond Wholesale Deals Llc
Bought by
508 Fayette Avenue Llc

Purchase Details

Closed on
Aug 16, 2022
Sold by
Richmond Wholesale Deals Llc
Bought by
Moody Quincy

Purchase Details

Closed on
Dec 2, 2020
Sold by
Pegram Edward
Bought by
Moody Quincy

Purchase Details

Closed on
Aug 10, 2020
Sold by
Ricaldo Moody Todd
Bought by
Richmond Wholesale Deals Llc

Purchase Details

Closed on
Aug 7, 2019
Sold by
Moody Quincy C
Bought by
Pegram Edward
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
Richmond Wholesale Deals Llc -- --
Escalante Rosendo O $150,000 Old Republic National Title
508 Fayette Avenue Llc -- --
Moody Quincy -- None Listed On Document
Moody Quincy -- None Available
Richmond Wholesale Deals Llc $16,000 --
Richmond Wholesale Deals Llc $16,000 Apex Title & Stlmnt Svc Llc
Pegram Edward -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/13/2023 01/13/23 Sold $150,000 +36.4% $110 / Sq Ft
12/12/2022 12/12/22 Pending -- -- --
12/05/2022 12/05/22 For Sale $110,000 -- $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 $1,406 $150,700 $32,000 $118,700
2024 $1,406 $147,800 $32,000 $115,800
2023 $1,271 $147,800 $32,000 $115,800
2022 $1,385 $161,100 $30,000 $131,100
2021 $1,197 $134,800 $25,000 $109,800
2020 $1,186 $134,800 $25,000 $109,800
2019 $1,167 $132,600 $25,000 $107,600
2018 $1,139 $129,400 $24,000 $105,400
2017 $1,091 $124,000 $22,000 $102,000
2016 $0 $124,000 $22,000 $102,000
2015 -- $124,000 $22,000 $102,000
2014 -- $124,000 $22,000 $102,000
Source: Public Records

Agents Affiliated with this Home

  • Jenn Hart

    Seller's Agent in 2023

    Jenn Hart

    Virginia Capital Realty

    (804) 317-7997

    1 in this area

    138 Total Sales

    Jenn Hart
    Section Image
  • Mollie B. Benedict

    Buyer's Agent in 2023

    Mollie B. Benedict

    Rashkind Saunders & Co.

    (804) 244-1114

    1 in this area

    74 Total Sales

    Mollie B. Benedict
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 2231851

Central Virginia Regional MLS

APN: 793-740-5865

Virginia Henrico County Richmond 23222

508 Fayette Ave, Richmond, VA

This home is located at 508 Fayette Ave, Richmond, VA 23222 since 05 December 2022 and is currently estimated at $246,689, approximately $180 per square foot. This property was built in 1951. 508 Fayette 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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