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Sold for $485,000
  • $485,000

    3500 Margate Dr, Richmond, VA 23235

    5beds
    3,038sqft
    Single Family Residence
    Built in 1967
    0.9 Acres Lot
    $489,400 Zestimate®
    $160/sqft
    $3,110 Estimated rent

    Home value

    $489,400

    $426,000 - $558,000

    $3,110/mo

    Zestimate® history
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    What's special

    Wood-burning fireplaceModern appliancesPrivate third-floor bonus roomSleek countertopsBeautifully renovated kitchenFive-bedroom layoutSpacious family room
    Mid-Century Masterpiece on Nearly 1-Acre in the Heart of Bon Air!Step into a world of space, style, and serenity. Nestled on a rare 0.90-acre corner lot in the sought-after Twin Valley Farms community, 3500 Margate Drive is more than just a home—it’s a versatile sanctuary designed for modern living. This expansive 3,038 sq. ft. residence was thoughtfully source-measured by its owner, a professional architect, ensuring every inch of the five-bedroom layout is maximized for comfort. Why You’ll Fall in Love:Architectural Elegance: The main level greets you with a bright, airy formal living room featuring a picturesque window and original hardwood floors that flow into the formal dining room.Chef’s Dream: Prepare meals in a beautifully renovated kitchen featuring sleek countertops and modern appliances.Multigenerational Versatility: The lower level offers incredible flexibility with a spacious family room, a wood-burning fireplace, and a private bedroom and full bath—the perfect setup for guests, in-laws, or a dedicated home office.Hidden Gems: Discover the private third-floor bonus room, a secluded retreat ideal for a playroom, studio, or fifth bedroom.Outdoor Oasis: Enjoy a massive backyard with ample room for gardens, playsets, or hosting the ultimate summer BBQ.Premium Location: Located within walking distance of top-rated schools like Fisher Elementary and great private schools. Also located just minutes from the vibrant dining and shopping of Bon Air. Rare OpportunitySold "as-is," this home allows you to move into a renovated space while putting your final personal touches on a classic piece of Richmond architecture. Don’t miss your chance to own one of the largest lots in 23235. Schedule your tour today and experience the "Good Air" of Bon Air living!

    Zillow last checked:

    Listing updated:

    Listed by:

    Asif Kabani 804-587-8388,

    EXP Realty LLC

    Bought with:

    Angie Cooper, 0225227055

    River Fox Realty

    Anousheh Khalili, 0225234346

    River Fox Realty

    Source: CVRMLS,MLS#: 2609867MLS LogoOriginating MLS: Central Virginia Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    Other
    • Description: Shower
    • Level: Basement
    Other
    • Description: Tub & Shower
    • Level: First
    Heating
    • Forced Air, Oil
    Cooling
    • Central Air
    Appliances
    • Included: Electric Water Heater
    • Laundry: Dryer Hookup
    Features
    • Dining Area, Granite Counters, Bath in Primary Bedroom, Walk-In Closet(s)
    • Basement: Full,Interior Entry,Walk-Out Access
    • Attic: Walk-In,Walk-up
    Interior area
    • Total interior livable area: 3,038 sqft
    • Finished area above ground: 3,038
    • Finished area below ground: 0

    Property

    Parking
    • Total spaces: 2
    • Parking features: Direct Access, Workshop in Garage
    • Garage spaces: 2
    Features
    • Levels: Two,Multi/Split
    • Stories: 2
    • Pool features: None
    Lot
    • Size: 0.9 Acres
    Details
    • Parcel number: C0010872020
    • Zoning description: R-1

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Tri-Level
    • Property subtype: Single Family Residence
    Materials
    • Brick, Frame
    • Roof: Composition
    Condition
    • Resale
    • New construction: No
    • Year built: 1967

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Subdivision: Twin Valley Farms
    Location
    • Region: Richmond

    Financial & listing details

    • Price per square foot: $160/sqft
    • Tax assessed value: $444,000
    • Annual tax amount: $5,328
    • Date on market: 5/25/2026
    • Ownership: Individuals
    • Ownership type: Sole Proprietor

    Price history

    DateEventPrice
    6/5/2026Sold$485,000-1%$160/sqft
    Source: CVRMLS #2609867 Report a problem
    5/1/2026Pending sale$489,999$161/sqft
    Source: CVRMLS #2609867 Report a problem
    4/27/2026Price change$489,999-2%$161/sqft
    Source: CVRMLS #2609867 Report a problem
    4/17/2026Listed for sale$499,999-16.5%$165/sqft
    Source: CVRMLS #2609867 Report a problem
    12/1/2025Listing removed$599,000$197/sqft
    Source: NextHome #2518693 Report a problem
    9/21/2025Price change$599,000-3.2%$197/sqft
    Source: CVRMLS #2518693 Report a problem
    7/4/2025Listed for sale$619,000-0.9%$204/sqft
    Source: CVRMLS #2518693 Report a problem
    7/1/2025Listing removed$624,900$206/sqft
    Source: CVRMLS #2502790 Report a problem
    4/10/2025Listed for sale$624,900$206/sqft
    Source: CVRMLS #2502790 Report a problem
    3/20/2025Listing removed$624,900$206/sqft
    Source: CVRMLS #2502790 Report a problem
    3/5/2025Listed for sale$624,900$206/sqft
    Source: CVRMLS #2502790 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,328 +2.1%$444,000 +2.1%
    2024$5,220 +2.6%$435,000 +2.6%
    2023$5,088 $424,000
    2022$5,088 +41.3%$424,000 +41.3%
    2021$3,600 +1%$300,000 +1%
    2020$3,564 +10%$297,000 +10%
    2019$3,240 +7.6%$270,000 +7.6%
    2018$3,012 +5%$251,000 +0.4%
    2017$2,868 $250,000 +4.6%
    2016$2,868 $239,000
    2015$2,868 $239,000
    2014$2,868 $239,000
    2013-- $239,000
    2012-- $239,000 -10.8%
    2011-- $268,000
    2010-- $268,000 +0%
    2009-- $267,900 +4.1%
    2008-- $257,400
    2007-- $257,400 +6.8%
    2006-- $241,100 +17.3%
    2005-- $205,600 +28.6%
    2003-- $159,900 +13%
    2002-- $141,500 +8%
    2001$1,873 $131,000
    Find assessor info on the county website

    Neighborhood: Huguenot

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Fisher
    • Middle: Lucille Brown
    • High: Huguenot

    Source: CVRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $489,400
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $489,400