NOT LISTED FOR SALE

Estimated Value: $375,000 - $516,000

3 Beds
1 Bath
1,522 Sq Ft
$285/Sq Ft Est. Value

Last Sold August 26, 2022

Last sale price $264,265 $174 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $2,600/month

8 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Property is Fully Fenced
  • Douglas S. Freeman High School Rated A-
  • Central Air
  • Wood Siding

About This Home

As of August 2022

Welcome to 8503 Spalding Dr in Henrico, VA. This three bedrooms one full bath home was built in 1954 out of brick and sits on very large lot with detached shed. Over 1500+ square feet, hardwoods, original white and black basket weave 1950 tile in bathroom, large bedrooms & pine planked den. This property has been loved for generations by the same family and comes to the market ready for a rejuvenation. Empty canvas with open floor plan in the rear w/ large family room connected to rear deck. Property includes old Well House once used by the neighborhood. Property being sold in As-Is condition.

Last Agent to Sell the Property

Joe Cafarella

River Fox Realty License #0225234244 Listed on: 07/28/2022

Last Buyer's Agent

Noah Tucker

Hometown Realty License #0225247036

Hometown Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,886

Year Built

  • Built in 1954

Lot Details

  • 0.36 Acre Lot
  • Property is Fully Fenced
  • Zoning described as R3

Parking

  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Fire Rated Drywall
  • Composition Roof
  • Wood Siding
  • Aluminum Siding

Interior Spaces

  • 1,522 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Kitchen

  • Stove
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Schools

  • Ridge Elementary School
  • Tuckahoe Middle School
  • Freeman High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Well
  • Water Heater

Community Details

  • Ridgeway Farms Subdivision

Listing and Financial Details

  • Tax Lot 84
  • Assessor Parcel Number 755-742-0061

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,886

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1954
  • Property Attached Yn: No
  • Lot Size Acres: 0.357
  • Ownership: Individuals
  • Subdivision Name: Ridgeway Farms
  • 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

  • Flooring: Carpet, Wood
  • Basement: Crawl Space
  • Appliances: Dryer, Dishwasher, Electric Water Heater, Freezer, Disposal, Microwave, Refrigerator, Stove, Washer
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1522.0
  • Stories: 1
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Roof: Composition
  • Fencing: Fenced, Full
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Aluminum Siding, Brick, Drywall, Wood Siding
  • Exterior Features: Deck
  • Patio And Porch Features: Deck
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Off Street

Utilities

  • Heating: Electric, Natural Gas
  • Cooling: Central Air, Electric
  • Sewer: Public Sewer
  • Water Source: Public, Well
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Tuckahoe

Lot Info

  • Parcel Number: 755-742-0061
  • Zoning Description: R3
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 1886.0
  • Tax Lot: 84

MLS Schools

  • Elementary School: Ridge
  • High School: Freeman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2022
Closed on
Aug 15, 2022
Sold by
Loving Teresa W
Bought by
Solid Ground Renovations Llc
Seller's Agent
Joe Cafarella
River Fox Realty
Buyer's Agent
Noah Tucker
Hometown Realty
List Price
$250,000
Sold Price
$264,265
Premium/Discount to List
$14,265
5.71%
Views
1
Current Estimated Value
$434,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,257
Avg. Annual Appreciation
16.11%
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
Solid Ground Renovations Llc $264,265 Old Republic National Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/26/2022 08/26/22 Sold $264,265 +5.7% $174 / Sq Ft
08/05/2022 08/05/22 Pending -- -- --
07/28/2022 07/28/22 For Sale $250,000 -- $164 / 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 $3,801 $401,800 $80,000 $321,800
2024 $3,801 $275,200 $80,000 $195,200
2023 $2,267 $266,700 $80,000 $186,700
2022 $2,075 $244,100 $70,000 $174,100
2021 $1,886 $200,300 $50,000 $150,300
2020 $1,743 $200,300 $50,000 $150,300
2019 $1,686 $193,800 $50,000 $143,800
2018 $1,630 $187,300 $50,000 $137,300
2017 $1,483 $170,500 $44,000 $126,500
2016 $1,483 $170,500 $44,000 $126,500
2015 $742 $167,200 $44,000 $123,200
2014 $742 $164,000 $44,000 $120,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2218443

Central Virginia Regional MLS

APN: 755-742-0061