NOT LISTED FOR SALE

531 Hannon St Petersburg, VA 23803

Estimated Value: $178,000 - $204,000

3 Beds
2 Baths
880 Sq Ft
$220/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $200,000 $227 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $1,099/month

14 Days on Market

Highlights

  • Central Air
  • Heat Pump System
  • 1-Story Property
  • Wood Siding

About This Home

As of June 2024

This delightful property offers the convenience of one-level living in the heart of Petersburg. Recently renovated with a new roof, windows, laminate flooring, and sleek kitchen cabinets with granite countertops, this home epitomizes modern comfort. Enjoy spacious bedrooms and a large rear private deck, perfect for outdoor relaxation and entertaining. With its prime location and contemporary amenities, 531 Hannon Street presents an ideal opportunity for those seeking the perfect blend of style and convenience in Petersburg, VA.

Last Agent to Sell the Property

Phillip Hughes

River City Elite Properties - Real Broker License #0225218718 Listed on: 05/10/2024

Last Buyer's Agent

Tanya Martin

Joyner Fine Properties License #0225229592

Joyner Fine Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $540

Year Built

  • Built in 1956

Lot Details

  • 4,726 Sq Ft Lot
  • Zoning described as R-3

Home Design

  • Frame Construction
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 880 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

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

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number 021-240012

Home Details

Home Type

Single Family

Est. Annual Taxes

$540

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1956
  • Property Attached Yn: No
  • Lot Size Acres: 0.1085
  • Ownership: Individuals
  • Subdivision Name: None
  • Above Grade Finished Sq Ft: 880.0
  • Architectural Style: Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 880.0
  • Stories: 1
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Roof: Composition
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Familial Relation, Owner Is Listing Agent
  • Construction Type: Frame, Wood Siding
  • Property Condition: Resale

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Vernon Johns

Lot Info

  • Parcel Number: 021-240012
  • Zoning Description: R-3
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 539.75
  • Tax Lot: 21

MLS Schools

  • Elementary School: Pleasants Lane
  • High School: Petersburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2017
Closed on
Nov 20, 2017
Sold by
Alexander Cain
Bought by
Hughes Phillip
Seller's Agent
Carl Reed
Neighborhood Assistance Corp
Buyer's Agent
Phillip Hughes
River City Elite Properties - Real Broker
List Price
$29,000
Sold Price
$16,500
Premium/Discount to List
-$12,500
-43.1%
Current Estimated Value
$193,403

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$176,903
Avg. Annual Appreciation
37.50%

Purchase Details

Closed on
Apr 18, 2008
Bought by
Cain Alexander
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Hughes Phillip $38,700 --
Cain Alexander $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riner Jenny $196,377
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2024 06/28/24 Sold $200,000 +8.1% $227 / Sq Ft
05/24/2024 05/24/24 Pending -- -- --
05/10/2024 05/10/24 For Sale $185,000 +1021.2% $210 / Sq Ft
12/08/2017 12/08/17 Sold $16,500 -34.0% $25 / Sq Ft
09/26/2017 09/26/17 Pending -- -- --
07/31/2017 07/31/17 Price Changed $25,000 -13.8% $37 / Sq Ft
06/01/2017 06/01/17 For Sale $29,000 -- $43 / 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 $540 $147,400 $9,200 $138,200
2023 $540 $42,500 $9,100 $33,400
2022 $540 $42,500 $9,100 $33,400
2021 $522 $38,700 $8,300 $30,400
2020 $522 $38,700 $8,300 $30,400
2019 $522 $38,700 $8,300 $30,400
2018 $522 $38,700 $8,300 $30,400
2017 $522 $38,700 $8,300 $30,400
2016 $522 $38,700 $0 $0
2014 $522 $0 $0 $0
2013 $131 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2024

    Phillip Hughes

    River City Elite Properties - Real Broker

    4 in this area

    52 Total Sales

    Phillip Hughes
    Section Image
  • Tanya Martin

    Buyer's Agent in 2024

    Tanya Martin

    Joyner Fine Properties

    (804) 690-8985

    2 in this area

    21 Total Sales

    Tanya Martin
    Section Image
  • Carl Reed

    Seller's Agent in 2017

    Carl Reed

    Neighborhood Assistance Corp

    (804) 439-4474

    3 in this area

    96 Total Sales

    Carl Reed
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 2409685

Central Virginia Regional MLS

APN: 021-24-0012

Virginia Petersburg County Petersburg 23803

531 Hannon St, Petersburg, VA

This home is located at 531 Hannon St, Petersburg, VA 23803 since 10 May 2024 and is currently estimated at $193,403, approximately $219 per square foot. This property was built in 1956. 531 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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