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5117 Palmetto Bay Ct

Centreville, VA 20120

3 bd 3 ba 1,971 sqft Built 1993 condos
Most recent sale
$350,000
Sep 8, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Sep 8, 2022 Sold $350,000 MLS #VAFX2080362
Aug 8, 2022 Listed $375,000 MLS #VAFX2080362
Feb 24, 1994 Sold $137,643 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $358,480 $90,000 $448,480 $5,184
2024 $358,480 $90,000 $448,480 $4,680
2023 $296,680 $74,000 $370,680 $4,183
2022 $264,960 $66,000 $330,960 $3,784
2021 $261,680 $66,000 $327,680 $3,845
2020 $252,080 $63,000 $315,080 $3,729
2019 $242,080 $58,000 $300,080 $3,551
2018 $230,540 $58,000 $288,540 $3,318
2017 $230,540 $58,000 $288,540 $3,350
2016 $239,000 $60,000 $299,000 $3,464
2015 $233,710 $58,000 $291,710 $3,255
2014 $212,190 $53,000 $265,190 $2,953
2013 $206,470 $51,000 $257,470 $2,848
2012 $201,430 $50,000 $251,430 $2,756
2011 $190,200 $47,000 $237,200 $2,576
2010 $190,200 $47,000 $237,200 $2,623
2009 $215,540 $54,000 $269,540 $2,806
2008 $254,100 $63,000 $317,100 $2,920
2007 $264,250 $66,000 $330,250 $2,942

Property facts

Year built
1993
Property type
condos
Stories
3
Beds
3
Baths
3
Living area
1,971 sqft
Lot size
ZIP code
20120
City
Centreville
Street
Palmetto Bay Ct
Coordinates
38.86412, -77.44420

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$2,957
Gross rental yield
10.14%
Implied cap rate
6.59%
Trend-extrapolated value

Frequently asked questions

When did 5117 Palmetto Bay Ct last sell?
5117 Palmetto Bay Ct most recently sold on Sep 8, 2022 for $350,000.
What is the current tax assessment for 5117 Palmetto Bay Ct?
The most recent total assessment for 5117 Palmetto Bay Ct (year 2025) is $448,480 with $5,184 in property tax.
How does 5117 Palmetto Bay Ct's assessment compare to its last sale price?
The current assessment is 28.1% above the last sale price of $350,000.
When was 5117 Palmetto Bay Ct built?
5117 Palmetto Bay Ct was built in 1993.
How does 5117 Palmetto Bay Ct compare to others on Palmetto Bay Ct?
We do not currently track other properties on Palmetto Bay Ct.
What are the property facts for 5117 Palmetto Bay Ct?
5117 Palmetto Bay Ct is a 3 bed, 3 bath, 1,971 sqft condos.
Is 5117 Palmetto Bay Ct a flip candidate?
No — 5117 Palmetto Bay Ct does not appear in our flips dataset.
Is 5117 Palmetto Bay Ct a tax-appeal candidate?
Yes — 5117 Palmetto Bay Ct appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
-1.9%
Implied 1-yr
-7.8%
2026 Q3
$620.4K
2026 Q4
$606.6K
ZIP 20120 — Median Price History + Forecast

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