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2507 Merle St

Henrico, VA 23231

3 bd 1 ba 1,032 sqft Built 1951 single_family
Most recent sale
$189,500
Nov 16, 2021

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Nov 16, 2021 Sold $189,500 MLS #2129515
Jun 1, 2021 Listed $135,000 MLS #2116214
May 30, 2002 Sold $87,000 Public Record
May 1, 2000 Sold $72,000 Public Record
Jul 1, 1995 Sold $49,500 Public Record

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $161,500 $40,000 $201,500 $1,672
2024 $161,500 $40,000 $201,500 $1,592
2015 $70,100 $24,000 $94,100 $819
2014 $70,100 $24,000 $94,100 $819
2013 $67,600 $24,000 $91,600 $797
2012 $91,900 $24,000 $115,900 $1,008
2010 $103,400 $24,000 $127,400 $1,108
2009 $108,300 $24,000 $132,300 $1,151
2008 $108,300 $24,000 $132,300 $1,151
2007 $97,500 $20,000 $117,500 $1,022

Property facts

Year built
1951
Property type
single_family
Stories
2
Beds
3
Baths
1
Living area
1,032 sqft
Lot size
ZIP code
23231
City
Henrico
Street
Merle St
Coordinates
37.52431, -77.38149

Comparable properties nearby

Block-level micro-comps

Same street, ±3 house numbers, sold in the last 24 months

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$1,548
Gross rental yield
9.80%
Implied cap rate
6.37%
Trend-extrapolated value

Frequently asked questions

When did 2507 Merle St last sell?
2507 Merle St most recently sold on Nov 16, 2021 for $189,500.
What is the current tax assessment for 2507 Merle St?
The most recent total assessment for 2507 Merle St (year 2025) is $201,500 with $1,672 in property tax.
How does 2507 Merle St's assessment compare to its last sale price?
The current assessment is 6.3% above the last sale price of $189,500.
When was 2507 Merle St built?
2507 Merle St was built in 1951.
How does 2507 Merle St compare to others on Merle St?
We track 8 other properties on Merle St. Browse the list under "Other properties on Merle St" to compare beds, baths, and sale history.
What are the property facts for 2507 Merle St?
2507 Merle St is a 3 bed, 1 bath, 1,032 sqft single_family.
Is 2507 Merle St a flip candidate?
No — 2507 Merle St does not appear in our flips dataset.
Is 2507 Merle St a tax-appeal candidate?
No — 2507 Merle St is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+1.1%
Implied 1-yr
+4.5%
2026 Q3
$400.4K
2026 Q4
$404.6K
ZIP 23231 — Median Price History + Forecast

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