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Richmond 23224 Swansboro
2802 Midlothian Turnpike
$162,000
● House - Off Market

2802 Midlothian Turnpike

Richmond, VA 23224
bedrooms
3 Beds
bathrooms
1 Bath
$190,539
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

ATTENTION FIRST TIME HOMEBUYERS! This is your chance to own this spacious cape cod well below the current tax assessment! Featuring hardwood flooring and almost 1,300 square feet, it also has space for a 4th bedroom and an additional half bath. With a bit of cosmetic work this home is primed for instant sweat equity. BRING YOUR OFFERS!
Unit Size
-
Days on Market
54 days
Land Size
0.13 acres
Price per sqft
-
Property Type
House
Property Taxes
$169
HOA Dues
-
Year Built
1949

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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 #2231752)

Price History

Date / Event Date Event Price
Jul 11, 2023 Sold
Premium
Sold
May 12, 2023 Listed by XRealty.NetLLC $314,995
Listed by XRealty.NetLLC
Jan 26, 2023 Sold
Premium
Sold
Dec 2, 2022 Listed by XRealty.NetLLC $179,990
Listed by XRealty.NetLLC

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1970
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 8
  • Construction Type: 17
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 6
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 150
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,520
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 460
  • Total Building Area: 1,296
  • Building Area: 1,296
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 6
  • Heating: 4
  • Heated Square Feet: 1,296
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 2
  • Water Service: 3

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000127
  • Standard Land Use Code: 1001
  • County Land Use Code: 115
  • Legal Description 1: 0046.00X0120.00 0000.000

Neighborhood

  • School District Name: Richmond City Public Schools
  • Census Tract: 060400

Zoning

  • Zoning: R-5 SINGLE

Geography

  • District: 510
  • Parcel: S-000-1123-016
  • Municipality: CENTRAL
  • Latitude: 37.5127
  • Longitude: -77.4595

    Address

  • Full Address: 2802 Midlothian Tpke
  • Address - House Number: 2802
  • Address - Street Name: Midlothian
  • Address - Suffix Type: Tpke
  • State: VA
  • City Name: Richmond
  • Carrier Code: C015
  • 4-Digit Zip Code: 1920
  • Zip Code: 23224

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $238,800
  • Initial Tax Delinquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.2267
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 68
  • Final Value: 277,251
  • High Value: 340,110
  • Low Value: 214,392

    Market Valuation

  • Market Total Value: $199,000
  • Market Land Value: $52,000
  • Market Improvement Value: $147,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $199,000
  • Assessed Land Value: $52,000
  • Assessed Improvements Value: $147,000

    Sales

  • Current Sale Contract Date: Jul 06, 2023
  • Current Sale Recording Date: Jul 11, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 10403
  • Previous Sale Recording Date: Jan 26, 2023
  • Previous Sale Contract Date: Jan 23, 2023
  • Previous Sale Amount: $162,000
  • Previous Sale Document Type: 12
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 Westover Hills - Forest Hill Park

Stats & Trends

Median Asking:

$398,000

Sale Price/ft²

$256

Below Asking

0.01%

Average Days on Market

36

Average Home Size

1672 ft²

Average Home Age

51.4 years

Currently For Sale

36 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 3107 Columbia Street, Richmond, VA, 23234

$2,300 /mo

  • 3 Beds
  • 1 Bath
  • 1,335 ft²
3107 Columbia Street, Richmond, VA, 23234 Listing by Maria Andrea Febres

Rentals Near You

Click here to view more rentals in the neighborhood.
CVR

Listed by: Norman Domingo, XRealty.NetLLC
Last Updated: 3 years ago
Data Source: CVRMLS , MLS# 2231752
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 2802 Midlothian Turnpike built and last sold?
The property at 2802 Midlothian Turnpike was built in 1949 and last sold on Jul 6, 2023 for $302,500.
How much is this home worth?
The estimated value of the home located at 2802 Midlothian Turnpike is $0.
What are some comparable homes to 2802 Midlothian Turnpike?
There are currently no comparable homes to 2802 Midlothian Turnpike.
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