$110,000
SOLD SEP 9, 2013

5501 Yates Ln Richmond, VA 23223

Fairfield Neighborhood
4 Beds
3 Baths
1,898 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$58 Per Sq Ft

4% Below List Price

128 Days on Market

About This Home

As of August 2017

APPROVED SHORT SALE! Split Foyer home located on corner lot close to shopping and Interstate. This 4 bedroom, 3 full bath home has a lot to offer and is waiting for a new family to enjoy. There are 2 bedrooms, a full bath, family room and laundry room on the lower level. On the upper level is the living room, dining room, kitchen, 2 more bedrooms and 2 full baths. Paved driveway, large backyard, deck and shed complete this property. This is a short sale!

Last Agent to Sell the Property

Kathy Carmichael

ERA Woody Hogg & Assoc License #0225085998 Listed on: 02/11/2013

ERA Woody Hogg & Assoc

Last Buyer's Agent

Carol Bynum

VA Choice Real Estate LLC License #0225060371

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,259

Year Built

  • 1994

Home Design

  • Composition Roof

Interior Spaces

  • Property has 2 Levels

Flooring

  • Partially Carpeted
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 815-724-5404

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,259

Year Built

1994

Lot Details

0

Listing Details

  • Structure: Frame
  • Price Per Finished Sq Ft: 57.96
  • Finished Sq Ft: 1898
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1994

Interior Features

  • Flooring: Vinyl, Carpet-Part
  • Number of Rooms: 7
  • Total Bedrooms: 4
  • Full Bathrooms: 3
  • Basement Full Bathroom: 1
  • Basement Full Bathroom Description: Tub & Shower
  • Level 1 Full Bathrooms: 2
  • Full Bath Level 1 Description: Tub & Shower
  • Basement Type: Basement-Full, Finished-Com
  • Attic: Access Panel
  • Number Of Levels: 2.00

Exterior Features

  • Porch: Deck
  • Roof: Composition
  • Siding: Vinyl, Brick

Garage/Parking

  • Parking: Paved Driveway

Utilities

  • Heating Fuel: Electric
  • Heating: Heat Pump
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Schools

  • Elementary School: Highland Springs
  • Middle School: Fairfield
  • High School: Highland Springs

Lot Info

  • Zoning: R-5
  • Lot: 18
  • Parcel Number: 815-724-5404

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 20, 2017
Closed on
Aug 8, 2017
Sold by
Brown Andre D
Bought by
Ross Kenneth and Ross Cornequa
Seller's Agent
Willnette Dyer
Wilnet M Dyer & Co
Buyer's Agent
Wade Randolph
Premier Choice Realty
List Price
$155,000
Sold Price
$160,500
Premium/Discount to List
$5,500
3.55%
Current Estimated Value
$311,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,933
Avg. Annual Appreciation
8.34%
Original Mortgage
$5,617
Interest Rate
3.92%
Mortgage Type
Stand Alone Second

Purchase Details

Listed on
Feb 11, 2013
Closed on
Jul 25, 2013
Sold by
Igweike Ikechukwu F
Bought by
Brown Andre D
Seller's Agent
Kathy Carmichael
ERA Woody Hogg & Assoc
Buyer's Agent
Carol Bynum
VA Choice Real Estate LLC
List Price
$115,000
Sold Price
$110,000
Premium/Discount to List
-$5,000
-4.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.01%
Original Mortgage
$5,500
Interest Rate
4.42%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Nov 29, 2007
Sold by
Lee Elizabeth V
Bought by
Igweike Ikechakwu F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$171,311
Interest Rate
6.48%
Mortgage Type
FHA

Purchase Details

Closed on
Jul 29, 1998
Sold by
Gail Chloe Y
Bought by
Lee Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,501
Interest Rate
6.92%
Mortgage Type
FHA
Source: Public Records

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Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $160,500 Attorney
Warranty Deed $110,000 --
Warranty Deed $174,000 --
Warranty Deed $96,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $75,000 Credit Line Revolving
Closed $5,617 Stand Alone Second
Open $157,592 FHA
Previous Owner $117,550 New Conventional
Previous Owner $5,500 Stand Alone Second
Previous Owner $108,007 FHA
Previous Owner $171,311 FHA
Previous Owner $95,501 FHA
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2017 08/25/17 Sold $160,500 +3.5% $85 / Sq Ft
06/24/2017 06/24/17 Pending -- -- --
06/20/2017 06/20/17 For Sale $155,000 +40.9% $82 / Sq Ft
09/09/2013 09/09/13 Sold $110,000 -4.3% $58 / Sq Ft
06/19/2013 06/19/13 Pending -- -- --
02/11/2013 02/11/13 For Sale $115,000 -- $61 / 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 $2,259 $257,000 $45,000 $212,000
2024 $2,259 $240,000 $45,000 $195,000
2023 $2,040 $240,000 $45,000 $195,000
2022 $1,946 $228,900 $45,000 $183,900
2021 $1,718 $177,300 $42,000 $135,300
2020 $1,543 $177,300 $42,000 $135,300
2019 $1,493 $171,600 $42,000 $129,600
2018 $1,345 $154,600 $38,000 $116,600
2017 $1,151 $132,300 $36,000 $96,300
2016 $1,126 $129,400 $36,000 $93,400
2015 $1,126 $129,400 $36,000 $93,400
2014 $1,126 $129,400 $36,000 $93,400
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2017

    Willnette Dyer

    Wilnet M Dyer & Co

    Section Image
  • Wade Randolph

    Buyer's Agent in 2017

    Wade Randolph

    Premier Choice Realty

    (804) 986-1050

    1 in this area

    49 Total Sales

    Wade Randolph
    Section Image
  • Kathy Carmichael

    Seller's Agent in 2013

    Kathy Carmichael

    ERA Woody Hogg & Assoc

    (804) 683-0011

    2 in this area

    98 Total Sales

    Kathy Carmichael
    Section Image

  • C

    Buyer's Agent in 2013

    Carol Bynum

    VA Choice Real Estate LLC

    2 in this area

    40 Total Sales

    Carol Bynum
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 1303656

Central Virginia Regional MLS

APN: 815-724-5404

Virginia Henrico County Richmond 23223 Fairfield

5501 Yates Ln, Richmond, VA

This home is located at 5501 Yates Ln, Richmond, VA 23223 and is currently priced at $110,000, approximately $57 per square foot. This property was built in 1994. 5501 Yates Ln is a home located in Henrico County with nearby schools including Highland Springs Elementary School, Fairfield Middle School, and Highland Springs 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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