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407 Cornwallis Ave

Locust Grove, VA 22508

4 bd 3 ba 1,781 sqft Built 1983 Lot 20,289 sqft single_family
Most recent sale
$340,000
Jan 14, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Feb 26, 2025 Sold $369,000 Public Record
Oct 15, 2024 Listed $375,000 BrightMLS
Jan 14, 2022 Sold $340,000 MLS #VAOR2001316
Dec 17, 2021 Listed $330,000 MLS #VAOR2001316

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $198,800 $92,400 $291,200 $1,805
2024 $198,800 $92,400 $291,200 $1,406
2023 $157,500 $30,000 $187,500 $1,406
2022 $157,500 $30,000 $187,500 $1,406
2021 $157,500 $30,000 $187,500 $1,350
2020 $157,500 $30,000 $187,500 $1,350
2019 $139,700 $30,000 $169,700 $1,364
2018 $139,700 $30,000 $169,700 $1,364
2017 $139,700 $30,000 $169,700 $1,364
2016 $139,700 $30,000 $169,700 $1,364
2015 $118,700 $30,000 $148,700 $1,196
2014 $118,700 $30,000 $148,700 $1,196
2013 $118,700 $30,000 $148,700 $1,071
2012 $118,700 $30,000 $148,700 $1,071
2011 $156,600 $105,000 $261,600 $1,282
2010 $156,600 $105,000 $261,600 $1,282
2009 $156,600 $105,000 $261,600 $1,230
2008 $156,600 $105,000 $261,600 $1,230
2007 $156,600 $105,000 $261,600 $1,098

Property facts

Year built
1983
Property type
single_family
Stories
1
Beds
4
Baths
3
Living area
1,781 sqft
Lot size
20,289 sqft
ZIP code
22508
City
Locust Grove
Street
Cornwallis Ave
Coordinates
38.33886, -77.76787

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
$2,672
Gross rental yield
9.43%
Implied cap rate
6.13%
Trend-extrapolated value

Frequently asked questions

When did 407 Cornwallis Ave last sell?
407 Cornwallis Ave most recently sold on Jan 14, 2022 for $340,000.
What is the current tax assessment for 407 Cornwallis Ave?
The most recent total assessment for 407 Cornwallis Ave (year 2025) is $291,200 with $1,805 in property tax.
How does 407 Cornwallis Ave's assessment compare to its last sale price?
The current assessment is 14.4% below the last sale price of $340,000.
When was 407 Cornwallis Ave built?
407 Cornwallis Ave was built in 1983.
How does 407 Cornwallis Ave compare to others on Cornwallis Ave?
We track 8 other properties on Cornwallis Ave. Browse the list under "Other properties on Cornwallis Ave" to compare beds, baths, and sale history.
What are the property facts for 407 Cornwallis Ave?
407 Cornwallis Ave is a 4 bed, 3 bath, 1,781 sqft, 20,289 sqft lot single_family.
Is 407 Cornwallis Ave a flip candidate?
No — 407 Cornwallis Ave does not appear in our flips dataset.
Is 407 Cornwallis Ave a tax-appeal candidate?
No — 407 Cornwallis Ave 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
-5.4%
Implied 1-yr
-21.6%
2026 Q3
$324.3K
2026 Q4
$312.8K
ZIP 22508 — Median Price History + Forecast

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