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Richmond 23225 Stratford Hills
7820 Marilea Road
$487,500
● House - Off Market

7820 Marilea Road

Richmond, VA 23225
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
$2,823
Est. Monthly
4.21%
Cap Rate

About This Property

One-level living in the highly sought-after neighborhood of Stratford Hills. Updated Kitchen with quartz countertops, stainless steel appliances, gas cooking, luxury vinyl tile, and more. Additional luxury vinyl tile, hardwood floors, and new carpet throughout the rest of the main floor. Warm inviting family room with a beamed ceiling, brick fireplace, and ample trim work. Hallway full bath and primary full bath are ready for your design ideas. Amazing, expanded space in the finished and unfinished portions of the walkout basement with its own living area, half bath and kitchenette! Also included in the basement is a 3 car garage and plenty of space for a workshop or hobby area. Convenient to the James River, hiking and biking trails, shopping, and expressways to downtown and beyond. Don't miss this opportunity!
Unit Size
-
Days on Market
37 days
Land Size
0.84 acres
Price per sqft
-
Property Type
House
Property Taxes
$466
HOA Dues
-
Year Built
1963

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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 #2402559)

Price History

Date / Event Date Event Price
Mar 18, 2024 Sold
Premium
Sold
Feb 5, 2024 Listed by Napier REALTORS ERA $480,000
Listed by Napier REALTORS ERA
Mar 27, 2008 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1981
  • Total Rooms: 10
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 17
  • Building Style: 11
  • Exterior Walls Type: 3
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 15
  • Basement Type: 2
  • Basement Area: 1,763
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 36,382
  • Lot Size Depth Feet: 2,410
  • Lot Size Frontage Feet: 1,340
  • Total Building Area: 1,795
  • Building Area: 1,795
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 4
  • Heated Square Feet: 1,795
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 2
  • Water Service: 3

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: K STRATFORD HILLS
  • Land Acres: 0000000835
  • Standard Land Use Code: 1001
  • County Land Use Code: 110
  • Legal Description 1: STRATFORD HILLS L4 BB SK 0134.40X0241.36 IRG0000.000

Neighborhood

  • School District Name: Richmond City Public Schools
  • Census Tract: 070400

Zoning

  • Zoning: R-2 SINGLE

Geography

  • District: 414
  • Parcel: C-004-0527-034
  • Municipality: SOUTHWEST
  • Latitude: 37.5465
  • Longitude: -77.5377

    Address

  • Full Address: 7820 Marilea Rd
  • Address - House Number: 7820
  • Address - Street Name: Marilea
  • Address - Suffix Type: Rd
  • State: VA
  • City Name: Richmond
  • Carrier Code: C017
  • 4-Digit Zip Code: 1124
  • Zip Code: 23225

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $559,200

    Appraisal Valuation

  • Standard Deviation: 0.0976
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 91
  • Final Value: 490,280
  • High Value: 538,139
  • Low Value: 442,420

    Market Valuation

  • Market Total Value: $466,000
  • Market Land Value: $100,000
  • Market Improvement Value: $366,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $466,000
  • Assessed Land Value: $100,000
  • Assessed Improvements Value: $366,000

    Sales

  • Current Sale Contract Date: Mar 08, 2024
  • Current Sale Recording Date: Mar 18, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4063
  • Previous Sale Recording Date: Mar 27, 2008
  • Previous Sale Contract Date: Mar 25, 2008
  • Previous Sale Amount: $284,900
  • Previous Sale Document Type: 71
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 Stratford Hills - Stony Point

Stats & Trends

Median Asking:

$534,900

Sale Price/ft²

$234

Below Asking

0.01%

Average Days on Market

37

Average Home Size

2637 ft²

Average Home Age

37.4 years

Currently For Sale

21 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 3823 Hickory Lane, RICHMOND, VA, 23222

$2,250 /mo

  • 3 Beds
  • 2 Baths
  • 1,220 ft²
3823 Hickory Lane #7B, RICHMOND, VA, 23222 Listing by Deepika Shashi Agrawal

Rentals Near You

Click here to view more rentals in the neighborhood.
CVR

Listed by: Mark Joyner, Napier REALTORS ERA
Last Updated: 3 years ago
Data Source: CVRMLS , MLS# 2402559
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 7820 Marilea Road built and last sold?
The property at 7820 Marilea Road was built in 1963 and last sold on Mar 8, 2024 for $487,500.
How much is this home worth?
The estimated value of the home located at 7820 Marilea Road is $484,800.
What are some comparable homes to 7820 Marilea Road?
There are currently no comparable homes to 7820 Marilea Road.
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