NOT LISTED FOR SALE

5516 Willis Ln Henrico, VA 23228

Lakeside Neighborhood

Estimated Value: $268,000 - $353,486

3 Beds
1 Bath
1,057 Sq Ft
$306/Sq Ft Est. Value

Sale Details

Date Sold: November 4, 2022

Last sale price $275,000 $260 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,016 / mo

2 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • Heat Pump System
  • Shed
  • Level Lot
  • 1-Story Property

About This Home

As of November 2022

3 bedroom, 1 bath ranch in Lakeside with a large walk-up attic that could be finished off or used for additional storage. Potential to add a lot of square footage. Beautiful wood floors just refinished and the interior was recently painted.

Last Agent to Sell the Property

Jennifer James

Broad Sky Realty License #0225070916 Listed on: 10/07/2022

Last Buyer's Agent

Tamara McGhee

Real Broker LLC License #0225181334

Real Broker LLC

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,641

Year Built

  • Built in 1949

Lot Details

  • 8,459 Sq Ft Lot
  • Level Lot
  • Zoning described as R4

Home Design

  • Brick Exterior Construction
  • Composition Roof
  • Aluminum Siding

Interior Spaces

  • 1,057 Sq Ft Home
  • 1-Story Property
  • Wood Flooring
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • Driveway
  • Unpaved Parking

Outdoor Features

  • Shed
  • Stoop

Schools

  • Lakeside Elementary School
  • Moody Middle School
  • Hermitage High School

Utilities

  • Central Air
  • Heat Pump System
  • Water Heater

Community Details

  • Schultz A F Subdivision

Listing and Financial Details

  • Tax Lot 43
  • Assessor Parcel Number 778-745-8146

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,641

Year Built

Built in 1949

Lot Details

8,459 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1949
  • Property Attached Yn: No
  • Lot Size Acres: 0.1942
  • Ownership: Individuals
  • Subdivision Name: Schultz A F
  • Architectural Style: Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Approximate
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Wood
  • Basement: Crawl Space
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Interior Amenities: Bedroom on Main Level
  • Living Area: 1057.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Lot Features: Level
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Aluminum Siding, Brick
  • Exterior Features: Storage, Shed, Unpaved Driveway
  • Patio And Porch Features: Stoop
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Driveway, Unpaved

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: Moody

Lot Info

  • Parcel Number: 778-745-8146
  • Zoning Description: R4
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1641.0
  • Tax Lot: 43

MLS Schools

  • Elementary School: Lakeside
  • High School: Hermitage

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2022
Closed on
Oct 20, 2022
Sold by
Leigh David B
Bought by
Seller's Agent
Jennifer James
Broad Sky Realty
Buyer's Agent
Tamara McGhee
Real Broker LLC
List Price
$270,000
Sold Price
$275,000
Premium/Discount to List
$5,000
1.85%
Views
4
Current Estimated Value
$323,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,122
Avg. Annual Appreciation
4.25%
Original Mortgage
$215,000
Outstanding Balance
$205,706
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$117,416

Purchase Details

Listed on
Jan 27, 2016
Closed on
May 3, 2016
Sold by
Phaup Tammy
Bought by
Leigh David B and Leigh Sandra F
Seller's Agent
Chris Nowlan
Joyner Fine Properties
Buyer's Agent
Kay Shobe
RE/MAX Commonwealth
List Price
$145,000
Sold Price
$133,000
Premium/Discount to List
-$12,000
-8.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.80%
Original Mortgage
$106,400
Interest Rate
3.71%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 16, 2001
Sold by
Brumfield Shirley
Bought by
Phaup Tammy
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Lakeside, VA

  • Jim Brooks Real Estate Agent - Town & Country Sales and Mgmt

    Jim Brooks

    Town & Country Sales and Mgmt

    (804) 764-0013

    39 Total Sales

    1 in Lakeside

    $424,000 Price

    Jim Brooks
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  • David Hebel Real Estate Agent - ICON Realty Group, ERA Powered

    David Hebel

    ICON Realty Group, ERA Powered

    (804) 793-8930

    32 Total Sales

    1 in Lakeside

    $352,500 Price

    David Hebel
     Section Image
  • Scott Garnett Real Estate Agent - Samson Properties

    Scott Garnett

    Samson Properties

    (804) 781-3698

    66 Total Sales

    2 in Lakeside

    $343K - $375K Price Range

    Scott Garnett
     Section Image
  • Debbie Matheny Real Estate Agent - First Choice Realty

    Debbie Matheny

    First Choice Realty

    (804) 729-0435

    24 Total Sales

    2 in Lakeside

    $305K - $307K Price Range

    Debbie Matheny
     Section Image
  • Ernie Chamberlain Real Estate Agent - Hometown Realty

    Ernie Chamberlain

    Responds Quickly

    Hometown Realty

    (804) 676-6939

    534 Total Sales

    6 in Lakeside

    $264K - $468K Price Range

    Ernie Chamberlain
     Section Image
  • Leah Coleman Real Estate Agent - ICON Realty Group, ERA Powered

    Leah Coleman

    ICON Realty Group, ERA Powered

    (804) 709-3912

    62 Total Sales

    1 in Lakeside

    $241,000 Price

    Leah Coleman
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$275,000 Old Republic National Title
Leigh David B $133,000 Attorney
Phaup Tammy -- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $215,000
Previous Owner Leigh David B $106,400
Previous Owner Phaup Tammy $30,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/04/2022 11/04/22 Sold $275,000 +1.9% $260 / Sq Ft
10/09/2022 10/09/22 Pending -- -- --
10/07/2022 10/07/22 For Sale $270,000 +103.0% $255 / Sq Ft
05/04/2016 05/04/16 Sold $133,000 -8.3% $126 / Sq Ft View Prior Sale
04/04/2016 04/04/16 Pending -- -- --
01/27/2016 01/27/16 For Sale $145,000 -- $137 / Sq Ft
Source: Central Virginia Regional MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $2,705 $324,800 $86,000 $238,800
2025 $2,705 $287,100 $80,000 $207,100
2024 $2,705 $220,000 $74,000 $146,000
2023 $1,870 $220,000 $74,000 $146,000
2022 $1,641 $193,100 $68,000 $125,100
2021 $1,467 $160,600 $54,000 $106,600
2020 $1,397 $160,600 $54,000 $106,600
2019 $1,328 $152,600 $46,000 $106,600
2018 $1,189 $136,700 $40,000 $96,700
2017 $1,148 $131,900 $38,000 $93,900
2016 $1,163 $133,700 $36,000 $97,700
2015 $1,006 $125,800 $36,000 $89,800
2014 $1,006 $115,600 $36,000 $79,600
Source: Public Records

Agents Affiliated with this Home

  • JJ

    Seller's Agent in 2022

    Jennifer James

    Broad Sky Realty

    2 in this area

    13 Total Sales

    Jennifer James
    Section Image
  • Tamara McGhee Real Estate Agent - Real Broker LLC

    Buyer's Agent in 2022

    Tamara McGhee

    Real Broker LLC

    (804) 928-1415

    4 in this area

    138 Total Sales

    Tamara McGhee
    Section Image
  • Chris Nowlan Real Estate Agent - Joyner Fine Properties

    Seller's Agent in 2016

    Chris Nowlan

    Joyner Fine Properties

    (804) 399-8344

    2 in this area

    125 Total Sales

    Chris Nowlan
    Section Image
  • Kay Shobe Real Estate Agent - RE/MAX

    Buyer's Agent in 2016

    Kay Shobe

    RE/MAX

    (804) 873-8888

    1 in this area

    27 Total Sales

    Kay Shobe
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 2227801

Central Virginia Regional MLS

APN: 778-745-8146

Virginia Henrico County Henrico 23228 Lakeside

5516 Willis Ln, Henrico, VA

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 ©2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

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