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Hanover 23005
9122 E Patrick Henry Road
$120,700
● House - Off Market

9122 E Patrick Henry Road

Ashland, VA 23005
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
$58,349
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Great opportunity to rehab or build in this sought-after location! Lots of potential with an ACRE lot. Value is in the land. Home is in need of substantial work, likely a rebuild. This home will not qualify for traditional financing - being sold "AS IS". Please be aware driveway is hard to get up without an SUV or truck. Seller will be reviewing offers and making a decision Monday at 6:00 but reserves the right to accept an offer prior.
Unit Size
-
Days on Market
26 days
Land Size
1.07 acres
Price per sqft
-
Property Type
House
Property Taxes
$66
HOA Dues
-
Year Built
1971

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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 #2231508)

Price History

Date / Event Date Event Price
Jul 5, 2023 Sold
Premium
Sold
Apr 4, 2023 Listed by RE/MAX Commonwealth $275,000
Listed by RE/MAX Commonwealth
Dec 29, 2022 Sold
Premium
Sold
Nov 29, 2022 Listed by RE/MAX Commonwealth $55,000
Listed by RE/MAX Commonwealth

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 11
  • Building Style: 11
  • Exterior Walls Type: 4
  • Interior Walls Type: 3
  • Roof Shape Type: 0
  • Roof Cover Type: 3
  • Floor Count: 100
  • Floor Cover: 15
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 46,609
  • Lot Size Frontage Feet: 0
  • Total Building Area: 1,056
  • Gross Building Area: 1,056
  • Building Area: 1,056
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 6
  • Heating: 3
  • Heated Square Feet: 1,056
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HWY 54
  • Land Acres: 0000001070
  • Standard Land Use Code: 1001
  • County Land Use Code: 0200
  • Legal Description 1: 9100 BLK EAST PATRICK HENRY ROAD

Neighborhood

  • School District Name: Hanover County Public Schools
  • Census Tract: 320701

Zoning

  • Zoning: A-1 AGRICU

Geography

  • Account Number: 10198044
  • District: 2
  • Parcel: 7799-89-0154
  • Municipality: BEAVERDAM
  • Latitude: 37.752
  • Longitude: -77.4101

    Address

  • Full Address: 9122 E Patrick Henry Rd
  • Address - House Number: 9122
  • Street Direction: E
  • Address - Street Name: Patrick Henry
  • Address - Suffix Type: Rd
  • State: VA
  • City Name: Ashland
  • Carrier Code: R004
  • 4-Digit Zip Code: 7419
  • Zip Code: 23005

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $93,231

    Appraisal Valuation

  • Standard Deviation: 0.1106
  • Valuation Date: Jul 05, 2023
  • Confidence Score: 88
  • Final Value: 270,261
  • High Value: 300,169
  • Low Value: 240,354

    Market Valuation

  • Market Total Value: $115,100
  • Market Land Value: $57,400
  • Market Improvement Value: $57,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $115,100
  • Assessed Land Value: $57,400
  • Assessed Improvements Value: $57,700

    Sales

  • Current Sale Contract Date: Dec 14, 2022
  • Current Sale Recording Date: Dec 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 168060
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 Hanover

Stats & Trends

Median Asking:

$475,000

Sale Price/ft²

$233

Below Asking

0.01%

Average Days on Market

41

Average Home Size

2538 ft²

Average Home Age

21.6 years

Currently For Sale

246 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

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CVR

Listed by: Ryan Sanford, RE/MAX Commonwealth
Last Updated: 3 years ago
Data Source: CVRMLS , MLS# 2231508
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 9122 East Patrick Henry Road built and last sold?
The property at 9122 East Patrick Henry Road was built in 1971 and last sold on Dec 14, 2022 for $120,700.
How much is this home worth?
The estimated value of the home located at 9122 East Patrick Henry Road is $277,750.
What are some comparable homes to 9122 East Patrick Henry Road?
There are currently no comparable homes to 9122 East Patrick Henry Road.
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