NOT LISTED FOR SALE

508 Somerset Ave Richmond, VA 23226

Three Chopt Neighborhood

Estimated Value: $651,279 - $896,000

4 Beds
2 Baths
1,748 Sq Ft
$449/Sq Ft Est. Value

Last Sold October 02, 2014

Last sale price $370,000 $212 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $4,768/month

18 Days on Market

Highlights

  • Wood Flooring
  • Mary Munford Elementary School Rated A-
  • Forced Air Heating and Cooling System

About This Home

As of October 2014

Lovely large lot in the best neighborhood in Richmond. Located midway between St Christopher's and St Catherine's Schools this is the perfect location for families or grandparents with students attending one or both of the schools. It is a short walk to Country Club of Virginia (walk home after dinner and drinks!) Libbie and Grove shopping district and Libbie Market are a short stroll from your new home!

Last Agent to Sell the Property

Norman Domingo

XRealty.NetLLC License #0225194372 Listed on: 08/29/2014

Last Buyer's Agent

Norman Domingo

XRealty.NetLLC License #0225194372 Listed on: 08/29/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,952

Year Built

  • 1942

Lot Details

  • 9,583

Home Design

  • Asphalt Roof

Interior Spaces

  • Property has 1.5 Levels
  • Wood Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number W0210306016

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,952

Year Built

1942

Lot Details

0

Listing Details

  • Structure: Frame
  • Price Per Finished Sq Ft: 211.67
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1942

Interior Features

  • Appliances Equipment: Countertop Range, Dishwasher, Disposal, Dryer, Electric Cooking, Oven, Refrigerator, Self/Con Cleaning, Smoke Alarm, Washer
  • Flooring: Wood
  • Number of Rooms: 9
  • Fireplace: Brick, Wood Burning
  • Total Fireplaces: 1
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Level 1 Full Bathrooms: 1
  • Full Bath Level 1 Description: Tub
  • Level 2 Full Bathrooms: 1
  • Full Bath Level 2 Description: Shower
  • Attic: No Attic
  • Number Of Levels: 1.50

Exterior Features

  • Frontage Road: 60
  • Fence: Front Only
  • Porch: Front
  • Exterior: Out Building, Screens
  • Roof: Asphalt
  • Wall Type: Plaster

Garage/Parking

  • Garage Type: No Garage
  • Parking: In Alley, Off Street

Utilities

  • Heating Fuel: Natural Gas
  • Heating: Forced Hot Air
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Natural Gas

Schools

  • Elementary School: Munford
  • Middle School: Albert Hill
  • High School: Thomas Jefferson

Lot Info

  • Lot Dimensions: 60 x 165
  • Zoning: R-4 Single Family
  • Parcel Number: W0210306016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 29, 2014
Closed on
Sep 30, 2014
Sold by
Farrell Carol
Bought by
Wright Elisabeth A S
Seller's Agent
Norman Domingo
XRealty.NetLLC
Buyer's Agent
Norman Domingo
XRealty.NetLLC
List Price
$375,000
Sold Price
$370,000
Premium/Discount to List
-$5,000
-1.33%
Current Estimated Value
$784,070

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$414,070
Avg. Annual Appreciation
6.58%

Purchase Details

Closed on
Jun 15, 2007
Sold by
Lankford Connie S
Bought by
Farrell Caroll

Purchase Details

Closed on
Oct 1, 2004
Sold by
Arthur Joseph
Bought by
Lankford Connie

Purchase Details

Closed on
Aug 4, 1998
Sold by
Arthur Patricia S and Arthur Joseph V
Bought by
Arthur Joseph and Arthur Patricia S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.92%
Mortgage Type
New Conventional
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
Wright Elisabeth A S $370,000 --
Farrell Caroll $355,000 --
Lankford Connie $275,000 --
Arthur Joseph -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lankford Constance S $50,000
Previous Owner Arthur Joseph $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2014 10/02/14 Sold $370,000 -1.3% $212 / Sq Ft
09/16/2014 09/16/14 Pending -- -- --
08/29/2014 08/29/14 For Sale $375,000 -- $215 / 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 $5,952 $496,000 $200,000 $296,000
2024 $5,592 $466,000 $182,000 $284,000
2023 $5,256 $438,000 $165,000 $273,000
2022 $4,596 $383,000 $140,000 $243,000
2021 $4,632 $367,000 $140,000 $227,000
2020 $2,316 $386,000 $110,000 $276,000
2019 $2,316 $386,000 $110,000 $276,000
2018 $4,428 $369,000 $110,000 $259,000
2017 $4,308 $359,000 $98,000 $261,000
2016 $4,176 $348,000 $98,000 $250,000
2015 $3,744 $308,000 $98,000 $210,000
2014 $3,744 $312,000 $87,000 $225,000
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2014

    Norman Domingo

    XRealty.NetLLC

    (888) 838-9044

    1,361 Total Sales

    Norman Domingo
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Map

Source: Central Virginia Regional MLS

MLS Number: 1424518

Central Virginia Regional MLS

APN: W021-0306-016

Virginia Richmond City County Richmond 23226 Near West End

508 Somerset Ave, Richmond, VA

This home is located at 508 Somerset Ave, Richmond, VA 23226 since 29 August 2014 and is currently estimated at $784,070, approximately $448 per square foot. This property was built in 1942. 508 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.

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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