NOT LISTED FOR SALE

8550 Gibbs Ln Henrico, VA 23231

Varina Neighborhood

Estimated Value: $360,000 - $381,000

3 Beds
2.5 Baths
1,668 Sq Ft
$223/Sq Ft Est. Value

Last Sold September 11, 2018

Last sale price $225,000 $135 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $2,236/month

22 Days on Market

Highlights

  • 2.49 Acre Lot
  • Deck
  • Main Floor Primary Bedroom
  • Cape Cod Architecture
  • Wood Flooring
  • 2 Car Detached Garage

About This Home

As of September 2018

Welcome to 8550 Gibbs Lane! This cozy Cape Cod offers plenty of space for outdoor entertainment with easy access to downtown and Interstate 295, while situated on 2.49 acres. This 3 bedroom home offers 1st floor Master Suite with attached full bath with garden tub and double vanity. The hardwood flooring throughout the first floor (except Kitchen) add character to this lovely home. The Kitchen is equipped with microwave, built-in range, refrigerator, dishwasher and oven. The Laundry Room has a separate entrance, and equipped with washer and dryer that conveys. The second floor offers 2 spacious carpeted bedrooms with walk in closets, and a full bath. The large exterior deck offers ample space of entertaining or enjoying the outside. The oversize detached, 2-car garage offers plenty of space for storage and potential workshop. Seller will provide 1 year Home Warranty.

Last Agent to Sell the Property

Linwood Byrd

ICON Realty Group License #0225102045 Listed on: 07/14/2018

ICON Realty Group

Last Buyer's Agent

Antwon Chavis

Keller Williams Realty License #0225221771

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,826

Year Built

  • Built in 1999

Lot Details

  • 2.49 Acre Lot

Parking

  • 2 Car Detached Garage
  • Driveway
  • Unpaved Parking

Home Design

  • Cape Cod Architecture
  • Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,668 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Factory Built Fireplace
  • Gas Fireplace
  • Dining Area
  • Crawl Space

Kitchen

  • Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Laminate Countertops

Flooring

  • Wood
  • Partially Carpeted
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • Double Vanity
  • Garden Bath

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Rear Porch

Schools

  • Mehfoud Elementary School
  • Rolfe Middle School
  • Varina High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Well
  • Water Heater
  • Septic Tank

Listing and Financial Details

  • Tax Lot 2.49
  • Assessor Parcel Number 8186827950

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,826

Year Built

Built in 1999

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1999
  • Property Attached Yn: No
  • Lot Size Acres: 2.49
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Cape Cod
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Partially Carpeted, Vinyl, Wood
  • Basement: Crawl Space
  • Appliances: Dryer, Dishwasher, Electric Cooking, Electric Water Heater, Microwave, Oven, Refrigerator, Washer
  • Basement YN: No
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Factory Built, Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Bedroom on Main Level, Ceiling Fan(s), Dining Area, Double Vanity, Garden Tub/Roman Tub, Laminate Counters, Bath in Primary Bedroom, Main Level Primary, Pantry, Walk-In Closet(s)
  • Living Area: 1668.0
  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: None
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Drywall, Frame, Vinyl Siding
  • Exterior Features: Deck, Unpaved Driveway
  • Other Structures: Garage(s)
  • Patio And Porch Features: Rear Porch, Deck
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Driveway, Detached, Garage, Unpaved

Utilities

  • Heating: Electric, Heat Pump, Zoned
  • Cooling: Central Air, Electric, Zoned
  • Sewer: Septic Tank
  • Water Source: Well
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Rolfe

Lot Info

  • Parcel Number: 8186827950
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 1826.0
  • Tax Lot: 2.49

MLS Schools

  • Elementary School: Mehfoud
  • High School: Varina

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2018
Closed on
Sep 6, 2018
Sold by
Cosby Dev Ario T
Bought by
Washington Jerome
Seller's Agent
Linwood Byrd
ICON Realty Group
Buyer's Agent
Antwon Chavis
Keller Williams Realty
List Price
$231,500
Sold Price
$225,000
Premium/Discount to List
-$6,500
-2.81%
Current Estimated Value
$371,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,307
Avg. Annual Appreciation
7.35%
Original Mortgage
$220,924
Outstanding Balance
$193,841
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$174,523

Purchase Details

Closed on
Feb 12, 2015
Sold by
Est Of Joye Wise Hall
Bought by
Cosby Devario T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,739
Interest Rate
3.62%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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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
Washington Jerome $225,000 Aurora Title Llc
Cosby Devario T $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Washington Jerome $220,924
Previous Owner Cosby Devario T $176,739
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2018 09/11/18 Sold $225,000 -2.8% $135 / Sq Ft
08/05/2018 08/05/18 Pending -- -- --
07/14/2018 07/14/18 For Sale $231,500 -- $139 / 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 $2,560 $290,800 $54,900 $235,900
2024 $2,560 $278,000 $52,900 $225,100
2023 $2,363 $278,000 $52,900 $225,100
2022 $2,063 $242,700 $49,900 $192,800
2021 $1,919 $211,100 $49,900 $161,200
2020 $1,837 $211,100 $49,900 $161,200
2019 $1,768 $203,200 $49,900 $153,300
2018 $1,826 $209,900 $49,900 $160,000
2017 $1,758 $202,100 $49,900 $152,200
2016 $1,663 $191,200 $49,900 $141,300
2015 $1,574 $191,200 $49,900 $141,300
2014 $1,574 $180,900 $45,900 $135,000
Source: Public Records

Agents Affiliated with this Home

  • Linwood Byrd

    Seller's Agent in 2018

    Linwood Byrd

    ICON Realty Group

    (804) 482-1031

    1 in this area

    3 Total Sales

    Linwood Byrd
    Section Image

  • A

    Buyer's Agent in 2018

    Antwon Chavis

    Keller Williams Realty

    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 1825614

Central Virginia Regional MLS

APN: 818-682-7950

Virginia Henrico County Henrico 23231 Varina

8550 Gibbs Ln, Henrico, VA

This home is located at 8550 Gibbs Ln, Henrico, VA 23231 since 14 July 2018 and is currently estimated at $371,307, approximately $222 per square foot. This property was built in 1999. 8550 Gibbs Ln is a home located in Henrico County with nearby schools including Mehfoud Elementary School, Varina Elementary, and John Rolfe Middle 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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