PENDING
$40K PRICE DROP
5138 New Market Rd Henrico, VA 23231
Eastern Henrico NeighborhoodEstimated payment $1,985/month
Total Views
11,432
2
Beds
1
Bath
1,071
Sq Ft
$308
Price per Sq Ft
Highlights
- 6.98 Acre Lot
- Forced Air Heating and Cooling System
- 1-Story Property
- Cape Cod Architecture
About This Home
PRICE IMPROVEMENT!!!!!!
Nestled on 6.98 acres of versatile land, this charming brick home offers endless potential in a prime location. The property is zoned B3, allowing for a dynamic mix of commercial, automotive, and recreational opportunities, making it an exceptional investment. This property is entrenched with thousands in timber alone.
Inside the home, you'll find a spacious layout with an upstairs area waiting to be finished—perfect for an additional bedroom and bath to suit your vision. Step onto the screened-in porch and enjoy serene outdoor living, ideal for relaxing or entertaining.
Whether you're looking for a beautiful residential retreat or a strategically positioned property with business potential, this listing offers a rare blend of comfort, space, and commercial flexibility
Listing Agent
Legacy Builders Real Estate Group LLC License #0225270674 Listed on: 05/29/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,894
Year Built
- Built in 1951
Lot Details
- 6.98 Acre Lot
- Zoning described as B3
Home Design
- Cape Cod Architecture
- Brick Exterior Construction
- Asphalt Roof
Interior Spaces
- 1,071 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Schools
- Mehfoud Elementary School
- Elko Middle School
- Varina High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Heat Pump System
- Well
- Septic Tank
Community Details
- Acreage Subdivision
Listing and Financial Details
- Tax Lot B
- Assessor Parcel Number 841-673-4282
Map
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Home Values in the Area
Average Home Value in this Area
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 | $2,019 | $222,800 | $82,900 | $139,900 |
| 2024 | $2,019 | $213,700 | $82,900 | $130,800 |
| 2023 | $1,816 | $213,700 | $82,900 | $130,800 |
| 2022 | $1,652 | $194,300 | $80,900 | $113,400 |
| 2021 | $1,549 | $178,000 | $80,900 | $97,100 |
| 2020 | $1,549 | $178,000 | $80,900 | $97,100 |
| 2019 | $1,499 | $172,300 | $80,900 | $91,400 |
| 2018 | $1,475 | $169,500 | $80,900 | $88,600 |
| 2017 | $1,441 | $165,600 | $80,900 | $84,700 |
| 2016 | $1,399 | $160,800 | $80,900 | $79,900 |
| 2015 | $1,365 | $160,800 | $80,900 | $79,900 |
| 2014 | $1,365 | $156,900 | $80,900 | $76,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/20/2025 07/20/25 | Pending | -- | -- | -- |
| 06/23/2025 06/23/25 | Price Changed | $329,950 | -10.8% | $308 / Sq Ft |
| 05/29/2025 05/29/25 | For Sale | $369,950 | +184.7% | $345 / Sq Ft |
| 05/20/2019 05/20/19 | Sold | $129,950 | 0.0% | $121 / Sq Ft |
| 04/02/2019 04/02/19 | Pending | -- | -- | -- |
| 03/19/2019 03/19/19 | Price Changed | $129,950 | -13.3% | $121 / Sq Ft |
| 12/07/2018 12/07/18 | Price Changed | $149,950 | -9.1% | $140 / Sq Ft |
| 11/05/2018 11/05/18 | For Sale | $164,950 | 0.0% | $154 / Sq Ft |
| 10/26/2018 10/26/18 | Pending | -- | -- | -- |
| 10/04/2018 10/04/18 | For Sale | $164,950 | 0.0% | $154 / Sq Ft |
| 09/04/2018 09/04/18 | Pending | -- | -- | -- |
| 08/21/2018 08/21/18 | Price Changed | $164,950 | 0.0% | $154 / Sq Ft |
| 08/21/2018 08/21/18 | For Sale | $164,950 | -5.7% | $154 / Sq Ft |
| 01/09/2018 01/09/18 | Pending | -- | -- | -- |
| 10/02/2017 10/02/17 | For Sale | $174,950 | -- | $163 / Sq Ft |
Source: Central Virginia Regional MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $129,950 | Homeland Title Stlmnt Agency | |
| Warranty Deed | $169,000 | -- | |
| Warranty Deed | $210,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $189,000 | VA | |
| Closed | $129,800 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $129,950 | VA | |
| Previous Owner | $169,000 | New Conventional |
Source: Public Records
Similar Homes in Henrico, VA
Source: Central Virginia Regional MLS
MLS Number: 2515094
APN: 841-673-4282
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.
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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