NOT LISTED FOR SALE

5122 Salem St Richmond, VA 23231

Fulton Neighborhood

Estimated Value: $315,000 - $367,000

3 Beds
2 Baths
1,325 Sq Ft
$260/Sq Ft Est. Value

Last Sold September 25, 2020

Last sale price $234,000 $177 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $2,121/month

6 Days on Market

Highlights

  • Cathedral Ceiling
  • Wood Flooring
  • Cottage
  • Open High School Rated A+
  • Granite Countertops
  • Walk-In Closet

About This Home

As of September 2020

Welcome to this beautiful FULLY RENOVATED Cottage Bungalow in Fulton area of the City of Richmond where the street is HONORARIUM named after an incredible woman who made history in RVA! LIVE HERE and RESONATE with HER STORY. Of ACTIVISIM. OF CHANGE. OF SAYING YOU WILL DO SOMETHING AND DOING IT. TRAILBLAZING. Stately poised on an oversized corner lot! The patterned high ceilings, the curves of the archway in the hall, the open floorplan, & all bedrooms including a 1st floor OWNER'S SUITE are to be NOTED! The bedrooms are great size, too! The boasts are abundant as there are luxury finishes throughout to include: A Massaging Shower Tower, Granite in the kitchen and a full suite of Stainless Appliances, Luxury tile in Showers, Urban piped Mod plank wood shelving, & literally style trends in every room----- this home leaves nothing to dissappoint! You will love to come home everyday to this, or work from home and enjoy all the natural light glissening in those picture windows! An added fun fact is that it's close to Rocketts Landing, east Henrico, plenty of amazing TOP Restaurants & Breweries, parks, interstates, sidewalks to enjoy, and shopping! DO NOT SLEEP on THIS ONE!

Last Agent to Sell the Property

Leah Coleman

ICON Realty Group License #0225197268 Listed on: 08/13/2020

ICON Realty Group

Last Buyer's Agent

Blake Edwards

Redfin Corporation License #0225223488

Redfin Corporation

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,031

Year Built

  • Built in 1900

Lot Details

  • 8,250 Sq Ft Lot
  • Privacy Fence
  • Back Yard Fenced
  • Zoning described as R-5

Home Design

  • Cottage
  • Bungalow
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,325 Sq Ft Home
  • 1-Story Property
  • Wired For Data
  • Cathedral Ceiling
  • Ceiling Fan
  • Dining Area
  • Granite Countertops
  • Washer and Dryer Hookup

Flooring

  • Wood
  • Partially Carpeted
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms

Schools

  • Chimborazo Elementary School
  • Martin Luther King Jr. Middle School
  • Armstrong High School

Utilities

  • Central Air
  • Heating Available
  • Water Heater
  • High Speed Internet

Community Details

  • Powhatan Place Subdivision

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number E000-2914-018

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,031

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1900
  • Property Attached Yn: No
  • Lot Size Acres: 0.1894
  • Ownership: Other
  • Subdivision Name: Powhatan Place
  • Architectural Style: Bungalow, Cottage
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Approximate
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile, Partially Carpeted, Wood
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Interior Amenities: Bedroom on Main Level, Ceiling Fan(s), Cathedral Ceiling(s), Dining Area, Granite Counters, High Speed Internet, Bath in Primary Bedroom, Main Level Primary, Wired for Data, Walk-In Closet(s)
  • Living Area: 1325.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Shingle
  • Fencing: Back Yard, Privacy
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Concrete, Vinyl Siding
  • Property Condition: Resale

Utilities

  • Heating: Electric
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Martin Luther King Jr.

Lot Info

  • Parcel Number: E000-2914-018
  • Zoning Description: R-5
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 1031.0
  • Tax Lot: 20

MLS Schools

  • Elementary School: Chimborazo
  • High School: Armstrong

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2020
Closed on
Sep 15, 2020
Sold by
Hall Sarah
Bought by
Bernier John Raymond and Kulidzan Nikolina
Seller's Agent
Leah Coleman
ICON Realty Group
Buyer's Agent
Blake Edwards
Redfin Corporation
List Price
$228,000
Sold Price
$234,000
Premium/Discount to List
$6,000
2.63%
Current Estimated Value
$344,003

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$110,003
Avg. Annual Appreciation
7.73%

Purchase Details

Closed on
Jan 23, 2020
Sold by
Johnson Matthew S
Bought by
Hall Sarah and The Salem St 5122 Land Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 6, 2020
Sold by
Johnson Matthew S
Bought by
Johnson Matthew S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 25, 2014
Sold by
Bachmann Trustee Brenda L
Bought by
Blackhaven Llc

Purchase Details

Closed on
May 18, 2010
Sold by
Simon Sub Tr Stuart A and Jackson Richard
Bought by
Lee Fulton A
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
Bernier John Raymond $234,000 Attorney
Hall Sarah $80,000 Apex Title & Settlement Svcs
Johnson Matthew S -- None Available
Blackhaven Llc $10,510 --
Lee Fulton A $68,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hall Sarah $133,000
Previous Owner Blackhaven Llc $27,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2020 09/25/20 Sold $234,000 +2.6% $177 / Sq Ft
08/19/2020 08/19/20 Pending -- -- --
08/13/2020 08/13/20 For Sale $228,000 -- $172 / 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 $3,660 $305,000 $65,000 $240,000
2024 $3,504 $292,000 $60,000 $232,000
2023 $3,120 $260,000 $50,000 $210,000
2022 $2,832 $236,000 $40,000 $196,000
2021 $1,559 $193,000 $25,000 $168,000
2020 $1,031 $97,000 $20,000 $77,000
2019 $2,147 $91,000 $20,000 $71,000
2018 $1,156 $88,000 $20,000 $68,000
2017 $816 $68,000 $20,000 $48,000
2016 $816 $68,000 $20,000 $48,000
2015 $828 $68,000 $20,000 $48,000
2014 $828 $69,000 $20,000 $49,000
Source: Public Records

Agents Affiliated with this Home

  • Leah Coleman

    Seller's Agent in 2020

    Leah Coleman

    ICON Realty Group

    (804) 484-2018

    4 in this area

    79 Total Sales

    Leah Coleman
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Map

Source: Central Virginia Regional MLS

MLS Number: 2024620

Central Virginia Regional MLS

APN: E000-2914-018

Virginia Richmond City County Richmond 23231 Fulton

5122 Salem St, Richmond, VA

This home is located at 5122 Salem St, Richmond, VA 23231 since 13 August 2020 and is currently estimated at $344,003, approximately $259 per square foot. This property was built in 1900. 5122 Salem St is a home located in Richmond City with nearby schools including Chimborazo Elementary School, Martin Luther King Jr. Middle School, and Armstrong 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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