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Sold for $225,000
  • $225,000

    505 Wales Dr, Henrico, VA 23075

    3beds
    1,056sqft
    Single Family Residence
    Built in 1957
    9,387 Square Feet Lot
    $230,400 Zestimate®
    $213/sqft
    $1,721 Estimated rent

    Home value

    $230,400

    $212,000 - $251,000

    $1,721/mo

    Zestimate® history
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    $1,086/mo

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    What's special

    Brick rancherPlenty of cabinet spaceSturdy hardwood floorsStep-down utility room
    Located north of Washington Street in the Meadowview subdivision of Highland Springs, this brick rancher is a home that will appeal to both investors and homebuyers. Conveniently situated between I-64 and I-295, both of which are only 2.5 miles away, one could reach both downtown Richmond and Mechanicsville in just fifteen minutes, while Richmond International Airport is a mere 4.5 miles down the road. Upon entry, the living room connects with the dining room to the right, and both of these, along with the bedrooms and the hallway, showcase sturdy hardwood floors. The dining room opens to the kitchen, which offers plenty of cabinet space and ample room for cooking. One of the home's three bedrooms is off of the kitchen, offering a fine view of the shaded back yard. Off of the main hallway and to the right, there is a full bathroom with mosaic tile flooring, a tub/shower, and a single vanity. The other two bedrooms are at the end of the hall, one on the front side of the house and one on the back, which are spacious and lend themselves well to entertaining guests. A step-down utility room is behind the kitchen, providing storage space, a washed and dryer, and access to the patio in the back yard. Pet owners and parents will appreciate that the sizable back yard is completely fenced in, and the tool shed allows for extra storage. A short walk down the street, The Springs Recreation Center offers a place for the public to picnic, play Pickleball and Croquet, and participate in classes and events that are held throughout the year. Another option for entertainment nearby is the historic Henrico Theater, famous for its live shows and $1 movies. Any investor looking for a single-family home in this neighborhood will be hard pressed to find a better deal than this, and this area is one in which the rental market is consistently strong. There are opportunities for upgrades and improvements, and recent sales show that it would not take much effort to build upon the value that is here already. Schedule your showing today!

    Zillow last checked:

    Listing updated:

    Listed by:

    Patrick Seay 804-310-0499,

    Seay Real Estate

    Bought with:

    Michael Halloran, 0225230937

    NextHome Advantage

    Source: CVRMLS,MLS#: 2524337MLS LogoOriginating MLS: Central Virginia Regional MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    • Full bathrooms: 1
    Other
    • Description: Tub & Shower
    • Level: First
    Heating
    • Electric, Heat Pump
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Dryer, Electric Water Heater, Oven, Refrigerator, Stove, Water Heater, Washer
    • Laundry: Washer Hookup, Dryer Hookup
    Features
    • Bedroom on Main Level, Ceiling Fan(s), Dining Area, Eat-in Kitchen, Solid Surface Counters
    • Flooring: Linoleum, Partially Carpeted, Wood
    • Doors: Storm Door(s)
    • Windows: Thermal Windows
    • Basement: Crawl Space
    • Attic: Pull Down Stairs
    Interior area
    • Total interior livable area: 1,056 sqft
    • Finished area above ground: 1,056
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Driveway, On Street, Unpaved
    • Has uncovered spaces: Yes
    Features
    • Levels: One
    • Stories: 1
    • Patio & porch: Stoop
    • Exterior features: Storage, Shed, Unpaved Driveway
    • Pool features: None
    • Fencing: Back Yard,Chain Link,Fenced,Partial
    Lot
    • Size: 9,387 Square Feet
    • Features: Level
    Details
    • Additional structures: Shed(s)
    • Parcel number: 8237278306
    • Zoning description: R2A

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Ranch
    • Property subtype: Single Family Residence
    Materials
    • Brick, Drywall, Plaster
    • Roof: Asphalt,Composition,Shingle
    Condition
    • Resale
    • New construction: No
    • Year built: 1957

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Security: Smoke Detector(s)
    • Subdivision: Meadowview
    Location
    • Region: Henrico

    Financial & listing details

    • Price per square foot: $213/sqft
    • Tax assessed value: $203,700
    • Annual tax amount: $1,711
    • Date on market: 12/31/2025
    • Ownership: Individuals
    • Ownership type: Sole Proprietor

    Price history

    DateEventPrice
    10/16/2025Sold$225,000$213/sqft
    Source: CVRMLS #2524337 Report a problem
    9/19/2025Pending sale$225,000$213/sqft
    Source: CVRMLS #2524337 Report a problem
    8/29/2025Listed for sale$225,000+245.6%$213/sqft
    Source: CVRMLS #2524337 Report a problem
    4/24/2012Sold$65,100+0.2%$62/sqft
    Source: CVRMLS #1207473 Report a problem
    4/14/2012Price change$65,000+0.2%$62/sqft
    Source: Visual Tour #1118487 Report a problem
    3/28/2012Listed for sale$64,900-0.2%$61/sqft
    Source: ERA Woody Hogg & Assoc. #1207473 Report a problem
    8/10/2011Listing removed$65,000$62/sqft
    Source: ERA Woody Hogg & Assoc. #1118487 Report a problem
    7/28/2011Price change$65,000-13.3%$62/sqft
    Source: ERA Woody Hogg & Assoc. #1118487 Report a problem
    7/1/2011Listed for sale$75,000-38.8%$71/sqft
    Source: ERA Woody Hogg & Assoc. #1118487 Report a problem
    5/31/2011Sold$122,579-9.9%$116/sqft
    Source: Public Record Report a problem
    5/26/2006Sold$136,000+43.9%$129/sqft
    Source: Public Record Report a problem
    7/31/2003Sold$94,500+18.1%$89/sqft
    Source: Public Record Report a problem
    7/31/2000Sold$80,000$76/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,711 +15.6%$203,700 +18.4%
    2024$1,480 +1.6%$172,100 +1.6%
    2023$1,457 +7.8%$169,400 +7.8%
    2022$1,351 +18.8%$157,100 +21.6%
    2021$1,137 +13.4%$129,200 +5.4%
    2020$1,002 +6.3%$122,600 +7.6%
    2019$943 $113,900 +6.3%
    2018$943 +158.4%$107,100 +29.2%
    2017$365 -49.4%$82,900 +1.1%
    2016$722 -16.8%$82,000
    2015$867 $82,000 -16.8%
    2014$867 $98,500
    2013-- $98,500 -6.5%
    2012-- $105,400 -9.8%
    2011-- $116,800
    2010-- $116,800 -6.2%
    2009-- $124,500
    Find assessor info on the county website

    Neighborhood: 23075

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Highland Springs
    • Middle: Fairfield
    • High: Highland Springs

    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
    $230,400
    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
    $230,400