NOT LISTED FOR SALE

5201 Salem St Richmond, VA 23231

Fulton Neighborhood

Estimated Value: $294,000 - $317,565

3 Beds
1 Bath
1,168 Sq Ft
$262/Sq Ft Est. Value

Last Sold February 23, 2024

Last sale price $295,000 $253 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $1,913/month

33 Days on Market

Highlights

  • Wood Flooring
  • Corner Lot
  • Cottage
  • Open High School Rated A+
  • High Ceiling
  • Front Porch

About This Home

As of February 2024

Enjoy this brick, corner home in Fulton featuring 3 bedrooms, 1 bath and over 1,150 SF and features a massive rear yard with alley access and tons of street parking. Renovated 10 years ago with new systems, this house is in great shape today and features heart pine floors throughout, 9' ceilings, exposed brick, transoms, covered front and rear porches and more! Fulton is just outside of downtown and is a quiet community blocks from Triple Crossing Brewery, Blue Atlas, Rockett's Landing and more! Enjoy a covered concrete front porch. A larger LR with pine floors, overhead lighting, transom and sidelights around the front door. Spacious DR with exposed brick chimney is flanked by transoms for great natural light, pine floors and taller ceilings. Huge kitchen with solid wooden cabinets, black appliances, laminate countertops and leads right out to the covered rear porch overlooking the privacy fenced back yard. Nice sized laundry room off the kitchen with side-by-side washer/dryer. Hall bath with vinyl flooring, tub/shower with tile surround, and wainscot for a touch of character. Nice sized bedrooms all with pine floors and overhead lighting and original doors!

Last Agent to Sell the Property

Matt Jarreau

Hometown Realty License #0225175691 Listed on: 12/15/2023

Last Buyer's Agent

Peggy Depew

Hometown Realty License #0225267153

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,944

Year Built

  • Built in 1925

Lot Details

  • 5,998 Sq Ft Lot
  • Lot Dimensions are 40x150
  • Privacy Fence
  • Back Yard Fenced
  • Corner Lot
  • Level Lot
  • Zoning described as R-5

Home Design

  • Cottage
  • Bungalow
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 1,168 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Fireplace Features Masonry
  • Dining Area
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Induction Cooktop
  • Stove
  • Microwave
  • Freezer
  • Dishwasher
  • Laminate Countertops

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Basement

  • Partial Basement
  • Crawl Space

Parking

  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Front Porch

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Water Heater
  • Cable TV Available

Community Details

  • Powhatan Place Subdivision

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number E010-0107-001

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,944

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1925
  • Property Attached Yn: No
  • Lot Size Acres: 0.1377
  • Lot Size: 40x150
  • Ownership: Corporate
  • Subdivision Name: Powhatan Place
  • Above Grade Finished Sq Ft: 1168.0
  • 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
  • General Property Information Below Grade Unfinished Area: 560.0
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Vinyl, Wood
  • Basement: Crawl Space, Partial
  • Appliances: Dryer, Dishwasher, Electric Cooking, Electric Water Heater, Freezer, Microwave, Oven, Refrigerator, Smooth Cooktop, Self Cleaning Oven, Stove, Water Heater, Washer
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Bedroom on Main Level, Dining Area, Eat-in Kitchen, Fireplace, High Ceilings, Laminate Counters, Main Level Primary, Cable TV
  • Living Area: 1168.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition, Shingle
  • Fencing: Back Yard, Fenced, Privacy
  • Lot Features: Corner Lot, Level
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Brick, Drywall
  • Exterior Features: Porch
  • Foundation Details: Slab
  • Patio And Porch Features: Rear Porch, Front Porch, Porch
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Off Street, On Street

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Dryer Hookup
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Street Lights, Sidewalks

Schools

  • Middle Or Junior School: Martin Luther King Jr.

Lot Info

  • Topography: Level
  • Parcel Number: E010-0107-001
  • Zoning Description: R-5
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 1944.0
  • Tax Lot: 1

MLS Schools

  • Elementary School: Chimborazo
  • High School: Armstrong

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2023
Closed on
Feb 15, 2024
Sold by
Prg Portfolio Llc
Bought by
Stewart Nelson and Mallory Stephenson Mallory
Seller's Agent
Matt Jarreau
Hometown Realty
Buyer's Agent
Peggy Depew
Hometown Realty
List Price
$285,000
Sold Price
$295,000
Premium/Discount to List
$10,000
3.51%
Views
92
Current Estimated Value
$306,391

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,391
Avg. Annual Appreciation
4.07%
Original Mortgage
$289,656
Outstanding Balance
$285,971
Interest Rate
6.66%
Mortgage Type
FHA
Estimated Equity
$27,478

Purchase Details

Closed on
Jan 3, 2011
Sold by
Citifinancial Inc
Bought by
Beach Andrew R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
4.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 19, 2010
Sold by
Wittstadt Title & Escrow Co
Bought by
Citifinancial Inc

Purchase Details

Closed on
Jun 1, 1998
Bought by
Johnson Denise M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,828
Interest Rate
7.12%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 18, 1998
Sold by
Winfrey T Wade Plc
Bought by
Secretary Of Housing And Urban Dev
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
Stewart Nelson $295,000 Old Republic National Title
Beach Andrew R $30,500 --
Citifinancial Inc $66,201 --
Johnson Denise M -- --
Secretary Of Housing And Urban Dev $47,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stewart Nelson $289,656
Previous Owner Beach Andrew R $70,000
Previous Owner Banks Denise M $136,464
Previous Owner Banks Denise M $122,400
Previous Owner Banks Denise $90,000
Previous Owner Secretary Of Housing And Urban Dev $55,828
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2024 02/23/24 Sold $295,000 +7.3% $253 / Sq Ft
01/18/2024 01/18/24 Pending -- -- --
01/12/2024 01/12/24 Price Changed $275,000 -3.5% $235 / Sq Ft
12/29/2023 12/29/23 For Sale $285,000 -3.4% $244 / Sq Ft
12/21/2023 12/21/23 Off Market $295,000 -- --
12/15/2023 12/15/23 For Sale $285,000 -- $244 / 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 $3,084 $257,000 $60,000 $197,000
2024 $2,280 $190,000 $55,000 $135,000
2023 $1,944 $162,000 $45,000 $117,000
2022 $1,728 $144,000 $35,000 $109,000
2021 $1,380 $120,000 $25,000 $95,000
2020 $1,380 $115,000 $20,000 $95,000
2019 $1,320 $110,000 $20,000 $90,000
2018 $1,272 $106,000 $20,000 $86,000
2017 $1,032 $86,000 $20,000 $66,000
2016 $1,020 $85,000 $20,000 $65,000
2015 $1,020 $85,000 $20,000 $65,000
2014 $1,020 $85,000 $20,000 $65,000
Source: Public Records

Agents Affiliated with this Home

  • Matt Jarreau

    Seller's Agent in 2024

    Matt Jarreau

    Hometown Realty

    (804) 306-9019

    56 in this area

    754 Total Sales

    Matt Jarreau
    Section Image
  • Peggy Depew

    Buyer's Agent in 2024

    Peggy Depew

    Hometown Realty

    (804) 868-5753

    1 in this area

    26 Total Sales

    Peggy Depew
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 2329208

Central Virginia Regional MLS

APN: E010-0107-001

Virginia Richmond City County Richmond 23231 Fulton

5201 Salem St, Richmond, VA

This home is located at 5201 Salem St, Richmond, VA 23231 since 15 December 2023 and is currently estimated at $306,391, approximately $262 per square foot. This property was built in 1925. 5201 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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