NOT LISTED FOR SALE

509 Hannon St Petersburg, VA 23803

Estimated Value: $79,000 - $163,000

2 Beds
1 Bath
625 Sq Ft
$168/Sq Ft Est. Value

Last Sold December 11, 2023

Last sale price $60,000 $96 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $618/month

1 Day on Market

Highlights

  • Cottage
  • Heating Available
  • 1-Story Property
  • Partially Carpeted

About This Home

As of December 2023

*Petersburg BEST BUY* Don't look any further, here is your next rental property. This 2-bed, 1-bath cottage or bungalow was recently vacated and needs a needs very little to get it ready to rent. The Home is on a dead-end street, close to the highway and downtown Petersburg. There are decent comps in the area, and the rental rate on $1075 to $1200 per month, this will be a positive cash flow rental in No Time. Drive by and take a look today.

Last Agent to Sell the Property

Matt Smith

Weichert Brockwell & Associate License #0225178533 Listed on: 11/15/2023

Weichert Brockwell & Associate

Last Buyer's Agent

Linda Noronha

River Hill Realtors LLC License #0225239807

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $552

Year Built

  • Built in 1952

Lot Details

  • 2,461 Sq Ft Lot
  • Zoning described as R-3

Parking

  • Off-Street Parking

Home Design

  • Cottage
  • Bungalow
  • Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 625 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Flooring

  • Partially Carpeted
  • Linoleum

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Pleasants Lane Elementary School
  • Vernon Johns Middle School
  • Petersburg High School

Utilities

  • Heating Available
  • Water Heater

Listing and Financial Details

  • Tax Lot 5
  • Assessor Parcel Number 021-240008

Home Details

Home Type

Single Family

Est. Annual Taxes

$552

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1952
  • Property Attached Yn: No
  • Lot Size Acres: 0.0565
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Bungalow, Cottage
  • Garage Yn: No
  • 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: Linoleum, Partially Carpeted
  • Basement: Crawl Space
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 625.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Shingle
  • Fencing: None
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame, Vinyl Siding
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Off Street

Utilities

  • Heating: Electric, Other
  • Cooling: Other
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Vernon Johns

Lot Info

  • Parcel Number: 021-240008
  • Zoning Description: R-3
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 552.45
  • Tax Lot: 5

MLS Schools

  • Elementary School: Pleasants Lane
  • High School: Petersburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 1999
Bought by
Hines Karen V
Current Estimated Value
$104,844
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
Hines Karen V $7,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2023 12/11/23 Sold $60,000 -14.0% $96 / Sq Ft
11/17/2023 11/17/23 Pending -- -- --
11/15/2023 11/15/23 For Sale $69,795 -- $112 / 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
2024 $552 $30,400 $5,800 $24,600
2023 $552 $43,500 $6,100 $37,400
2022 $552 $43,500 $6,100 $37,400
2021 $533 $39,500 $5,500 $34,000
2020 $533 $39,500 $5,500 $34,000
2019 $533 $39,500 $5,500 $34,000
2018 $533 $39,500 $5,500 $34,000
2017 $533 $39,500 $5,500 $34,000
2016 $533 $39,500 $0 $0
2014 $533 $0 $0 $0
2013 $533 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Matt Smith

    Seller's Agent in 2023

    Matt Smith

    Weichert Corporate

    (804) 366-0200

    39 in this area

    81 Total Sales

    Matt Smith
    Section Image
  • Linda Noronha

    Buyer's Agent in 2023

    Linda Noronha

    River Hill Realtors LLC

    (804) 218-5678

    4 in this area

    21 Total Sales

    Linda Noronha
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 2327874

Central Virginia Regional MLS

APN: 021-24-0008

Virginia Petersburg County Petersburg 23803

509 Hannon St, Petersburg, VA

This home is located at 509 Hannon St, Petersburg, VA 23803 since 15 November 2023 and is currently estimated at $104,844, approximately $167 per square foot. This property was built in 1952. 509 Hannon St is a home located in Petersburg City with nearby schools including Petersburg High School and Saint Joseph 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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