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James City 23185
197 Greensprings Road
$300,000
● House - Off Market

197 Greensprings Road

Williamsburg, VA 23185
bedrooms
3 Beds
bathrooms
2 Baths
$334,179
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Move in ready! Seller has upgraded home throughout the years. Wonderful bright open floor plan and level lot. New Roof and Skylights 2020, New Deck 2022, Hot Water Heater 2016, Windows replace 2006 plus new vinyl siding and all rake boards wrapped in Aluminum. The HVAC has been meticulously maintained, as well as the entire home.
Unit Size
-
Days on Market
112 days
Land Size
0.44 acres
Price per sqft
-
Property Type
House
Property Taxes
$157
HOA Dues
$34
Year Built
1980

Payment Calculator

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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: 3 years ago (CVRMLS #2223360)

Price History

Date / Event Date Event Price
Dec 13, 2022 Sold
Premium
Sold
Aug 22, 2022 Listed by Liz Moore & Associates $315,000
Listed by Liz Moore & Associates
Feb 11, 2000 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 15
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 336
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,992
  • Total Building Area: 1,512
  • Building Area: 1,512
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,512
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FIRST COLONY
  • Land Acres: 0000000436
  • Standard Land Use Code: 1001
  • County Land Use Code: 502
  • Legal Description 1: L-20 S-1 FIRST COLONY

Neighborhood

  • School District Name: James City County Public Schools
  • Census Tract: 080304

Zoning

  • Zoning: R1 LIMITED

Geography

  • Assessors Map Reference: MAP PG 45-2
  • Account Number: 12117
  • Section: 1
  • Parcel: 45-2 02-0-0020
  • Lot: 20
  • Municipality: BERKLEY
  • Latitude: 37.2461
  • Longitude: -76.7967

    Address

  • Full Address: 197 Greensprings Rd
  • Address - House Number: 197
  • Address - Street Name: Greensprings
  • Address - Suffix Type: Rd
  • State: VA
  • City Name: Williamsburg
  • Carrier Code: R031
  • 4-Digit Zip Code: 7940
  • Zip Code: 23185

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $194,968

    Appraisal Valuation

  • Standard Deviation: 0.0934
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 91
  • Final Value: 292,479
  • High Value: 319,809
  • Low Value: 265,148

    Market Valuation

  • Market Total Value: $234,900
  • Market Land Value: $66,500
  • Market Improvement Value: $168,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $234,900
  • Assessed Land Value: $66,500
  • Assessed Improvements Value: $168,400

    Sales

  • Current Sale Contract Date: Nov 29, 2022
  • Current Sale Recording Date: Dec 13, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 17203
  • Previous Sale Recording Date: Feb 11, 2000
  • Previous Sale Contract Date: Jan 03, 2000
  • Previous Sale Amount: $95,000
  • Previous Sale Document Type: 27
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 James City

Stats & Trends

Median Asking:

$577,000

Sale Price/ft²

$225

Below Asking

0.01%

Average Days on Market

57

Average Home Size

3367 ft²

Average Home Age

18.1 years

Currently For Sale

58 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: Barbara Levine, Liz Moore & Associates
Last Updated: 3 years ago
Data Source: CVRMLS , MLS# 2223360
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 197 Greensprings Road built and last sold?
The property at 197 Greensprings Road was built in 1980 and last sold on Nov 29, 2022 for $300,000.
How much is this home worth?
The estimated value of the home located at 197 Greensprings Road is $0.
What are some comparable homes to 197 Greensprings Road?
There are currently no comparable homes to 197 Greensprings Road.
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