When was property at 1244 Wallace Street built and last sold?

The property at 1244 Wallace Street was built in 1941 and last sold on Feb 22, 2022 for $360,000.

How much is this home worth?

The estimated value of the home located at 1244 Wallace Street is $429,250.

What are some comparable homes to 1244 Wallace Street?

There are currently no comparable homes to 1244 Wallace Street.

Richmond

23220

Randolph

1244 Wallace Street

$400,000

● House - Off Market

1244 Wallace Street

Richmond, VA 23220

3 Beds

3 Baths, 1 Half Bath

$2,409

Est. Monthly

5.73%

Cap Rate

About This Property

This darling cape is located within walking distance to VCU and Byrd Park.

The home sits on a 6875 sq. ft. rolling hills lot with an iron rail entry way. Parking on the street and private

parking in the back, access to the first level is easily accomplished through the kitchen or basement entrance!

Property has two outside mini-split units with 6 indoor conditioned zones.

Listed are some improvements from the current owner:

Front door overhang/roof - 12/01/22 - $1,900,

New roof 30 year Dimensional Shingles- 09/29/22 - $6,300,

New bathroom - 05/11/22 - $10,000,

Laundry-washer and dryer for home - 03/20/22 - $787,

Fridge, microwave and vent - 03/12/22 - $1,427,

New downstairs sink 09/04/23 - $700,

Basement window frame replacement - 09/21/23 - $1,100,

Basement door & sump pump - 08/01/24 - $6,000,

Boiler system removal - 12/23/24 - $1,900

Unit Size

Days on Market

32 days

Land Size

0.16 acres

Price per sqft

Property Type

House

Property Taxes

$322

HOA Dues

Year Built

1941

Payment Calculator

Cap Rate Calculator

Last updated: 2 years ago (CVRMLS #2503662)

Price History

Date / Event	Date	Event
Mar 17, 2025	Sold	Premium
Sold
Feb 16, 2025	In contract	-
In contract
Feb 13, 2025	Listed by Virginia Capital Realty	$425,000
Listed by Virginia Capital Realty
Mar 9, 2022	No longer available	-
No longer available
Mar 9, 2022	Sold	Premium
Sold
Feb 3, 2022	In contract	-
In contract
Jan 18, 2022	Price Decreased	$369,950 ↓ $15K (3.9%)
Price Decreased
Dec 19, 2021	No longer available	-
No longer available
Dec 18, 2021	Listed by Virginia Capital Realty	$385,000
Listed by Virginia Capital Realty

Property Highlights

Parking Available

Air Conditioning

Fireplace

Building Info

Overview

General

Year Built: 1941

Effective Year Built: 1980
Total Rooms: 8
Bedroom Count: 3
Bathroom Count: 2
Full Bathrooms: 1
Partial Bathrooms: 2
Building Condition: 6
Building Quality: 9
Construction Type: 17
Building Style: 4
Exterior Walls Type: 2
Interior Walls Type: 3
Roof Shape Type: 1
Roof Cover Type: 6
Floor Count: 100
Floor Cover: 15
Basement Type: 6
Basement Area: 768
Garage Type: 0
Parking Space Count: 0
Patio Type: 0
Porch Type: 7
Pool Type: 0

Dimensions

Lot Size Square Feet: 6,875

Lot Size Depth Feet: 1,250
Lot Size Frontage Feet: 550
Total Building Area: 1,497
Building Area: 1,497
Building Area Measurement: L

Heating and Cooling

Air Conditioning: 6

Heating: 10
Heated Square Feet: 1,497
Heating Fuel Type: 3

Utilities

Sewer System: 5

Water Service: 6

Building

Building Type: 0

Property Class: R
Land Acres: 0000000158
Standard Land Use Code: 1001
County Land Use Code: 115
Legal Description 1: 0055.00X0125.00 0000.000

Neighborhood

School District Name: Richmond City Public Schools

Census Tract: 041300

Zoning

Zoning: R-6 SINGLE

Geography

District: 504

Parcel: W-000-0437-061
Municipality: CENTRAL
Latitude: 37.542
Longitude: -77.4593

Address

Full Address: 1244 Wallace St

Address - House Number: 1244
Address - Street Name: Wallace
Address - Suffix Type: St
State: VA
City Name: Richmond
Carrier Code: C013
4-Digit Zip Code: 6143
Zip Code: 23220

Valuation

Tax

Tax Year: 2023

Tax Amount: $350,400

Appraisal Valuation

Standard Deviation: 0.2112

Valuation Date: Oct 11, 2023
Confidence Score: 71
Final Value: 350,593
High Value: 424,657
Low Value: 276,528

Open Liens

Total Open Liens:

Premium

Total Open Liens Amount:

Premium
First Open Lien Mortgage Lender:

Premium
First Open Lien Mortgage Recording Date:

Premium
First Open Lien Mortgage Loan Amount:

Premium
First Open Lien Mortgage Term:

Premium
First Open Lien Mortgage Position:

Premium
First Open Lien Mortgage Loan Type:

Premium
First Open Lien Mortgage Loan Due Date:

Premium

Market Valuation

Market Total Value: $292,000

Market Land Value: $100,000
Market Improvement Value: $192,000

Assessments Valuation

Assessed Year: 2023

Assessed Total Value: $292,000
Assessed Land Value: $100,000
Assessed Improvements Value: $192,000

Sales

Current Sale Contract Date: Feb 22, 2022

Current Sale Recording Date: Mar 09, 2022
Current Sale Price:

Premium
Current Sale Document Type: 27
Current Sale Input Document Number: 5945

Last Sale Mortgage

First Mortgage Lender:

Premium

First Mortgage Transaction Date:

Premium
First Mortgage Loan Amount:

Premium
First Mortgage Terms:

Premium
First Mortgage Loan Type:

Premium
First Mortgage Loan Due Date:

Premium

Data used for valuation calculations is provided by RealtyHop, and other third party sources

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Comparables

About Fan - Oregon Hill - Carver

Stats & Trends

Median Asking:

$525,000

Sale Price/ft²

$292

Below Asking

0.01%

Average Days on Market

Average Home Size

2000 ft²

Average Home Age

82.9 years

Currently For Sale

53 Listings

Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 301 W 30th Street, Richmond, VA, 23225

$2,400 /mo

4 Beds
2 Baths
1,728 ft²

301 W 30th Street, Richmond, VA, 23225 Listing by Norman Brooks

Unit for rent at 1101 Haxall Point, Richmond, VA, 23219

$2,550 /mo

1 Bed
1 Bath
773 ft²

1101 Haxall Point #208, Richmond, VA, 23219 Listing by Vera Barber

Unit for rent at 102 N Lombardy Street, Richmond, VA, 23220

$2,490 /mo

3 Beds
2 Baths
1,460 ft²

102 N Lombardy Street #2, Richmond, VA, 23220 Listing by Kandace Hanna

Rentals Near You

Click here to view more rentals in the neighborhood.

Listed by: Michele Burke, Virginia Capital Realty
Last Updated: 2 years ago
Data Source: CVRMLS , MLS# 2503662

All or a portion of the 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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed. Courtesy First Choice Realty.

Courtesy of RH Advisors, Inc. and RHP Realty NJ, Inc. CalDRE: 00494703

1244 Wallace Street

About This Property

Price History

Property Highlights

Building Info

Overview

Building

Neighborhood

Zoning

Geography

Valuation

Comparables

About Fan - Oregon Hill - Carver

Stats & Trends

Similar Homes for Sale

Nearby Rentals

Frequently Asked Questions