1501 Terrace Ave
Hopewell, VA 23860
4 bd 2 ba 1,488 sqft Built 1953 Lot 12,000 sqft single_family
Most recent sale
$120,000
Oct 15, 2021
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Mar 18, 2024 | Listed | $245,000 | CVRMLS |
| Oct 15, 2021 | Sold | $120,000 | CVRMLS |
| May 14, 2020 | Listing removed | — | RentlinxUnits |
| Apr 25, 2020 | Listed for rent | $995 | RentlinxUnits |
| Feb 22, 2018 | Listing removed | $995 | RentlinxUnits |
| Feb 14, 2018 | Price changed (rent) | $995 | RentlinxUnits |
| Dec 21, 2017 | Price changed (rent) | $1,195 | RentlinxUnits |
| May 19, 2011 | Sold | $60,000 | Public Record |
| Apr 30, 2011 | Listing removed | $75,000 | CVRMLS |
| Apr 9, 2011 | Price changed | $75,000 | CVRMLS |
| Feb 21, 2011 | Listed | $89,000 | CVRMLS |
| Jan 25, 2011 | Sold | $135,207 | Public Record |
| Jan 1, 2011 | Sold | $60,000 | Public Record |
| Jan 1, 2008 | Sold | $129,900 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $170,100 | $24,300 | $194,400 | $2,316 |
| 2024 | $137,100 | $22,100 | $159,200 | $1,862 |
| 2023 | $137,100 | $22,100 | $159,200 | $1,798 |
| 2022 | $76,000 | $22,100 | $98,100 | $1,108 |
| 2021 | $76,000 | $22,100 | $98,100 | $1,108 |
| 2020 | $70,100 | $22,100 | $92,200 | $1,041 |
| 2019 | $70,100 | $22,100 | $92,200 | $1,041 |
| 2018 | $81,600 | $26,300 | $107,900 | $1,219 |
| 2017 | $81,600 | $26,300 | $107,900 | $1,219 |
| 2016 | $86,500 | $26,300 | $112,800 | $1,274 |
| 2015 | $86,500 | $26,300 | $112,800 | $1,274 |
| 2014 | $87,800 | $26,300 | $114,100 | $1,266 |
| 2013 | $87,800 | $26,300 | $114,100 | $1,232 |
| 2012 | $82,200 | $28,000 | $110,200 | $1,124 |
| 2011 | $82,200 | $28,000 | $110,200 | $1,056 |
| 2010 | $87,500 | $28,900 | $116,400 | $1,152 |
| 2009 | $87,500 | $28,900 | $116,400 | $1,117 |
| 2008 | $73,600 | $22,300 | $95,900 | $1,045 |
| 2007 | $73,600 | $22,300 | $95,900 | $195 |
Property facts
Year built
1953
Property type
single_family
Stories
2
Beds
4
Baths
2
Living area
1,488 sqft
Lot size
12,000 sqft
ZIP code
23860
City
Hopewell
Street
Terrace Ave
Coordinates
37.27678, -77.30203
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$720
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 1501 Terrace Ave last sell?
1501 Terrace Ave most recently sold on Oct 15, 2021 for $120,000.
What is the current tax assessment for 1501 Terrace Ave?
The most recent total assessment for 1501 Terrace Ave (year 2025) is $194,400 with $2,316 in property tax.
How does 1501 Terrace Ave's assessment compare to its last sale price?
The current assessment is 62.0% above the last sale price of $120,000.
When was 1501 Terrace Ave built?
1501 Terrace Ave was built in 1953.
How does 1501 Terrace Ave compare to others on Terrace Ave?
We track 8 other properties on Terrace Ave. Browse the list under "Other properties on Terrace Ave" to compare beds, baths, and sale history.
What are the property facts for 1501 Terrace Ave?
1501 Terrace Ave is a 4 bed, 2 bath, 1,488 sqft, 12,000 sqft lot single_family.
Is 1501 Terrace Ave a flip candidate?
No — 1501 Terrace Ave does not appear in our flips dataset.
Is 1501 Terrace Ave a tax-appeal candidate?
Yes — 1501 Terrace Ave 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 valuationQuarterly trend
+3.3%
Implied 1-yr
+13.3%
2026 Q3
$298.4K
2026 Q4
$306.5K
ZIP 23860 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Terrace Ave