NOT LISTED FOR SALE

518 Chestnut Ave Colonial Heights, VA 23834

Estimated Value: $144,000 - $232,000

2 Beds
1 Bath
864 Sq Ft
$218/Sq Ft Est. Value

Last Sold August 12, 2022

Last sale price $120,000 $139 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $1,121/month

3 Days on Market

Highlights

  • Wood Flooring
  • Formal Dining Room
  • Front Porch
  • Cottage
  • Thermal Windows
  • Shed

About This Home

As of August 2022

READY FOR RENOVATION AND SWEAT EQUITY - 2-Bedroom, 1-Bath bungalow located just minutes from I-95 and Southpark Mall. If you're a first-time buyer or an investor looking to start a project or add to your real estate portfolio, HERE'S YOUR OPPORTUNITY TO BUILD WEALTH. Fully-renovated homes have recently sold for $170K-$175K. Kitchen comes complete with refrigerator and electric range. Hardwood floors in Living Room, Dining Room and all bedrooms. 30-yr shingles installed in 2019. Vinyl replacement windows. Aluminum siding. Fenced back yard and detached storage shed. Heat pump, gas hot water, central A/C. THIS HOME IS LIVABLE while you do the work to bring your vision to reality. AS-IS, WHERE-IS. 10-day inspection period.

Last Agent to Sell the Property

Jeff Blaha

Real Broker LLC License #0225089358 Listed on: 07/15/2022

Real Broker LLC

Last Buyer's Agent

Becky Partin

Cole Real Estate, Inc. License #0225054275

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,226

Year Built

  • Built in 1952

Lot Details

  • 6,098 Sq Ft Lot
  • Back Yard Fenced
  • Zoning described as R2

Parking

  • On-Street Parking

Home Design

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

Interior Spaces

  • 864 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Formal Dining Room
  • Crawl Space
  • Storm Doors
  • Washer and Dryer Hookup

Kitchen

  • Electric Cooktop
  • Stove
  • Laminate Countertops

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Shed
  • Front Porch

Schools

  • Tussing Elementary School
  • Colonial Heights Middle School
  • Colonial Heights High School

Utilities

  • Central Air
  • Heat Pump System
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 20
  • Assessor Parcel Number 4500-02-00-020

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,226

Year Built

Built in 1952

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1952
  • Property Attached Yn: No
  • Lot Size Acres: 0.14
  • Ownership: Estate
  • 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: Vinyl, Wood
  • Basement: Crawl Space
  • Appliances: Electric Cooking, Gas Water Heater, Refrigerator, Stove, Water Heater
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: Storm Door(s)
  • Interior Amenities: Separate/Formal Dining Room, Laminate Counters
  • Living Area: 864.0
  • Stories: 1
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Shingle
  • Fencing: Back Yard, Chain Link, Fenced
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Aluminum Siding, Block, Frame
  • Exterior Features: Storage, Shed
  • Patio And Porch Features: Front Porch
  • Property Condition: Resale

Garage/Parking

  • Parking Features: On Street

Utilities

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

Schools

  • Middle Or Junior School: Colonial Heights

Lot Info

  • Parcel Number: 4500-02-00-020
  • Zoning Description: R2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 1226.0
  • Tax Lot: 20

MLS Schools

  • Elementary School: Tussing
  • High School: Colonial Heights

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2022
Closed on
Aug 10, 2022
Sold by
Deer Elizabeth M
Bought by
Branch Jason and Branch Kathryn
Seller's Agent
Jeff Blaha
Real Broker LLC
Buyer's Agent
Becky Partin
Cole Real Estate, Inc.
List Price
$125,000
Sold Price
$120,000
Premium/Discount to List
-$5,000
-4%
Current Estimated Value
$187,978

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,978
Avg. Annual Appreciation
13.32%

Purchase Details

Closed on
May 31, 2012
Sold by
Elliott James W and Charbonneau Paul Jason
Bought by
Minson George W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Branch Jason $120,000 Cheeley Homas P
Branch Jason $120,000 Cheeley Homas P
Minson George W $50,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/12/2022 08/12/22 Sold $120,000 -4.0% $139 / Sq Ft
07/18/2022 07/18/22 Pending -- -- --
07/15/2022 07/15/22 For Sale $125,000 -- $145 / Sq Ft
Source: Central Virginia Regional MLS

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 $1,711 $142,600 $48,000 $94,600
2024 $1,711 $142,600 $48,000 $94,600
2023 $1,406 $117,200 $40,000 $77,200
2022 $703 $117,200 $40,000 $77,200
2021 $613 $102,200 $36,000 $66,200
2020 $1,226 $102,200 $36,000 $66,200
2019 $1,127 $93,900 $32,500 $61,400
2018 $1,127 $93,900 $32,500 $61,400
2017 $1,090 $0 $0 $0
2016 $1,035 $90,800 $0 $0
2015 $533 $0 $0 $0
2014 $533 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2220078

Central Virginia Regional MLS

APN: 45000200020

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