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Henrico 23227
816 Willomett Avenue
$230,000
● House - Off Market

816 Willomett Avenue

Richmond, VA 23227
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$224,386
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Beautiful and Easy 1 level living home on a spacious Corner Lot. No Maintenance living with a Brick Ranch and Replacement Windows. Ceiling Fans throughout the home provide comfort and efficiency.  Enjoy family and friends in the living room with a fireplace to take the chill off of cool evenings. The screened-in porch is great for entertaining as it leads to the beautiful fenced backyard. Storage Shed provides for extra lawn equipment storage.
Unit Size
-
Days on Market
51 days
Land Size
0.26 acres
Price per sqft
-
Property Type
House
Property Taxes
$121
HOA Dues
-
Year Built
1976

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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 #2313558)

Price History

Date / Event Date Event Price
Jul 31, 2023 Sold
Premium
Sold
Jun 5, 2023 Listed by Hometown Realty $225,000
Listed by Hometown Realty
Apr 27, 2010 Sold
Premium
Sold
Jan 28, 2010 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1999
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 6
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,404
  • Total Building Area: 1,224
  • Gross Building Area: 1,352
  • Building Area: 1,224
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 6
  • Heating: 1
  • Heated Square Feet: 1,224
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHEROKEE PLACE
  • Land Acres: 0000000261
  • Standard Land Use Code: 1001
  • County Land Use Code: 210
  • Legal Description 1: 0095040000D 0015; CHEROKEE PLACE BL D LT PT 14 & PT 15 106 A2 5

Neighborhood

  • School District Name: Henrico County Public Schools
  • Census Tract: 200806

Zoning

  • Zoning: R-4

Geography

  • Account Number: BO0892960
  • District: FAIRFIELD
  • Parcel: 788-745-4830
  • Municipality: FAIRFIELD
  • Latitude: 37.6043
  • Longitude: -77.4452

    Address

  • Full Address: 816 Willomett Ave
  • Address - House Number: 816
  • Address - Street Name: Willomett
  • Address - Suffix Type: Ave
  • State: VA
  • City Name: Richmond
  • Carrier Code: C022
  • 4-Digit Zip Code: 2923
  • Zip Code: 23227

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $164,816

    Appraisal Valuation

  • Standard Deviation: 0.1645
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 79
  • Final Value: 249,356
  • High Value: 290,385
  • Low Value: 208,327

    Market Valuation

  • Market Total Value: $193,900
  • Market Land Value: $40,000
  • Market Improvement Value: $153,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $193,900
  • Assessed Land Value: $40,000
  • Assessed Improvements Value: $153,900

    Sales

  • Current Sale Contract Date: Jul 27, 2023
  • Current Sale Recording Date: Jul 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 12
  • Current Sale Input Document Number: 17449
  • Previous Sale Recording Date: Apr 27, 2010
  • Previous Sale Contract Date: Apr 26, 2010
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: 68
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

Unit for rent at 3324 Meadowbridge Road, Richmond, VA, 23222

$2,299 /mo

  • 4 Beds
  • 2 Baths
  • 1,667 ft²
3324 Meadowbridge Road, Richmond, VA, 23222 Listing by Kevin Dowell

Rentals Near You

Click here to view more rentals in the neighborhood.
CVR

Listed by: Kelly Painschab, Hometown Realty
Last Updated: 3 years ago
Data Source: CVRMLS , MLS# 2313558
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 816 Willomett Avenue built and last sold?
The property at 816 Willomett Avenue was built in 1976 and last sold on Jul 27, 2023 for $230,000.
How much is this home worth?
The estimated value of the home located at 816 Willomett Avenue is $0.
What are some comparable homes to 816 Willomett Avenue?
There are currently no comparable homes to 816 Willomett Avenue.
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