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Henrico 23231
1801 New Settlement Drive
$399,755
● House - Off Market

1801 New Settlement Drive

Henrico, VA 23231
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,324 Ft²
$2,587
Est. Monthly
$241
HOA / Fees
5.05%
Cap Rate

About This Property

Welcome to Settlers Ridge, an adult community with amenities that include an indoor heated pool and exercise room.  The Bramante 2 Story home at Settler's Ridge has it all.Settler's Ridge has it all. Enter through the foyer or garage and head past the large flex room to the gourmet kitchen with oversized island. The adjoining dinette and family room are ideal gathering spaces, and a covered porch brings the outdoors in. The luxurious first-floor owner's suite features a tray ceiling for added elegance, along with a double bowl vanity and walk-in closet. An extra bedroom completes the first floor. Upstairs, another bedroom and loft offer a perfect guest suite. Located just 10 minutes to downtown Richmond, White Oak Shopping and there's plenty of local dining and everyday conveniences close by.
Unit Size
2,324 Ft²
Days on Market
281 days
Land Size
-
Price per sqft
$206
Property Type
House
Property Taxes
-
HOA Dues
$241
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 2 years ago (CVRMLS #2501846)

Price History

Date / Event Date Event Price
Oct 31, 2025 Sold
Premium
Sold
Jan 23, 2025 Listed by Long & Foster REALTORS $477,600
Listed by Long & Foster REALTORS

Property Highlights

Garage

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Lot Size Frontage Feet: 0
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Subdivision: SETTLERS RIDGE
  • Standard Land Use Code: 8001
  • County Land Use Code: 011
  • Legal Description 1: SETTLERS RIDGE SC C BL E LT 60

Neighborhood

  • School District Name: Henrico County Public Schools
  • Census Tract: 201502

Zoning

  • Zoning: R-5A

Geography

  • Account Number: SE1116801
  • District: VARINA
  • Parcel: 805-691-5692
  • Lot: 60
  • Municipality: VARINA
  • Latitude: 37.459
  • Longitude: -77.3882

    Address

  • Full Address: 1801 New Settlement Dr
  • Address - House Number: 1801
  • Address - Street Name: New Settlement
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: Henrico
  • Carrier Code: R001
  • 4-Digit Zip Code: 7034
  • Zip Code: 23231

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $58,100

    Market Valuation

  • Market Total Value: $70,000
  • Market Land Value: $70,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $70,000
  • Assessed Land Value: $70,000
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 Henrico

Stats & Trends

Median Asking:

$399,950

Sale Price/ft²

$238

Below Asking

0.01%

Average Days on Market

40

Average Home Size

2188 ft²

Average Home Age

26.8 years

Currently For Sale

407 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

Rentals Near You

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CVR

Listed by: John Thiel, Long & Foster REALTORS
Last Updated: 2 years ago
Data Source: CVRMLS , MLS# 2501846
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 1801 New Settlement Drive built and last sold?
The property at 1801 New Settlement Drive was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1801 New Settlement Drive is $0.
What are some comparable homes to 1801 New Settlement Drive?
There are currently no comparable homes to 1801 New Settlement Drive.
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