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Hanover
16467 Mountain Road
$161,000
● House - Off Market

16467 Mountain Road

Montpelier, VA 23192
bedrooms
3 Beds
bathrooms
1 Bath
$187,235
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

Investment opportunity priced below assessment on 3.5 acres in Montpelier!  Bring your contractor and imagination for how you'd like to renovate or expand this home on Mountain Road.  The house features two bedrooms and one bath, a living room, dining room, and kitchen on the main level, with a walk-up third bedroom/ bonus room and closets.  It also has a side porch and detached two-car garage.  Most of the large, rectangular lot is wooded in the rear.  Less than a mile to restaurants, the grocery store, and shops in Montpelier.  20 minutes to Short Pump, Ashland, and 30 min. to downtown.  Property is in need of repairs and is sold as-is.
Unit Size
-
Days on Market
91 days
Land Size
3.50 acres
Price per sqft
-
Property Type
House
Property Taxes
$121
HOA Dues
-
Year Built
1940

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (CVRMLS #2128096)

Price History

Date / Event Date Event Price
Dec 14, 2021 Sold
Premium
Sold
Sep 12, 2021 Listed by Long & Foster REALTORS $169,950
Listed by Long & Foster REALTORS
Nov 10, 2014 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 11
  • Building Style: 4
  • Exterior Walls Type: 11
  • Interior Walls Type: 6
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 175
  • Floor Cover: 15
  • Basement Type: 9
  • Basement Area: 448
  • Garage Type: 7
  • Garage Square Area: 480
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 152,460
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,384
  • Gross Building Area: 1,832
  • Building Area: 1,384
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 8
  • Heated Square Feet: 1,384
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003500
  • Standard Land Use Code: 1001
  • County Land Use Code: 0200
  • Legal Description 1: 16400 BLK MOUNTAIN ROAD

Neighborhood

  • School District Name: Hanover County Public Schools
  • Census Tract: 320200

Zoning

  • Zoning: A-1 AGRICU

Geography

  • Account Number: 10162273
  • District: 7
  • Parcel: 7821-69-4917
  • Municipality: SOUTH ANNA
  • Latitude: 37.8108
  • Longitude: -77.6563

    Address

  • Full Address: 16467 Mountain Rd
  • Address - House Number: 16467
  • Address - Street Name: Mountain
  • Address - Suffix Type: Rd
  • State: VA
  • City Name: Montpelier
  • Carrier Code: R005
  • 4-Digit Zip Code: 2733
  • Zip Code: 23192

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $175,284

    Appraisal Valuation

  • Standard Deviation: 0.1869
  • Valuation Date: Jun 14, 2023
  • Confidence Score: 75
  • Final Value: 244,367
  • High Value: 290,062
  • Low Value: 198,672

    Market Valuation

  • Market Total Value: $216,400
  • Market Land Value: $91,600
  • Market Improvement Value: $124,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $216,400
  • Assessed Land Value: $91,600
  • Assessed Improvements Value: $124,800

    Sales

  • Current Sale Contract Date: Nov 10, 2021
  • Current Sale Recording Date: Dec 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20211214000257990
  • Previous Sale Recording Date: Nov 10, 2014
  • Previous Sale Contract Date: Nov 03, 2014
  • Previous Sale Amount: $23,500
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: FIX
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Hanover

Stats & Trends

Median Asking:

$479,950

Sale Price/ft²

$234

Below Asking

0.01%

Average Days on Market

42

Average Home Size

2533 ft²

Average Home Age

20.7 years

Currently For Sale

261 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

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CVR

Listed by: Robert Walker, Long & Foster REALTORS
Last Updated: 3 years ago
Data Source: CVRMLS , MLS# 2128096
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

Frequently Asked Questions

When was property at 16467 Mountain Road built and last sold?
The property at 16467 Mountain Road was built in 1940 and last sold on Nov 10, 2021 for $161,000.
How much is this home worth?
The estimated value of the home located at 16467 Mountain Road is $171,650.
What are some comparable homes to 16467 Mountain Road?
There are currently no comparable homes to 16467 Mountain Road.
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