507 Cornwallis Ave
Locust Grove, VA 22508
3 bd 2 ba 2,735 sqft Built 1980 Lot 13,939 sqft single_family
Most recent sale
$313,000
Jul 29, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 29, 2022 | Sold | $313,000 | MLS #VAOR2002966 |
| Jul 7, 2022 | Listed | $324,900 | MLS #VAOR2002966 |
| Oct 28, 2019 | Price changed | $239,900 | MLS #VAOR134856 |
| Sep 12, 2019 | Price changed | $249,900 | MLS #VAOR134856 |
| Sep 11, 2019 | Listed | $235,000 | MLS #VAOR134856 |
| Dec 17, 2013 | Sold | $213,000 | Public Record |
| Aug 21, 2013 | Listing removed | $222,000 | MRIS |
| Jul 1, 2013 | Listing removed | $237,000 | MRIS |
| Jun 30, 2013 | Listed | $222,000 | MLS #OR8121901 |
| May 8, 2013 | Listed | $237,000 | MLS #OR8075457 |
| May 8, 2013 | Listing removed | $252,000 | MRIS |
| Mar 8, 2013 | Listed | $252,000 | MLS #OR8026280 |
| Feb 4, 2009 | Sold | $328,200 | Public Record |
| Aug 2, 2005 | Sold | $297,000 | Public Record |
| Jan 1, 1983 | Sold | $95,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $268,600 | $92,400 | $361,000 | $2,238 |
| 2024 | $268,600 | $92,400 | $361,000 | $1,730 |
| 2023 | $200,700 | $30,000 | $230,700 | $1,730 |
| 2022 | $200,700 | $30,000 | $230,700 | $1,730 |
| 2021 | $200,700 | $30,000 | $230,700 | $1,661 |
| 2020 | $200,700 | $30,000 | $230,700 | $1,661 |
| 2019 | $158,500 | $30,000 | $188,500 | $1,516 |
| 2018 | $158,500 | $30,000 | $188,500 | $1,516 |
| 2017 | $158,500 | $30,000 | $188,500 | $1,516 |
| 2016 | $158,500 | $30,000 | $188,500 | $1,516 |
| 2015 | $146,300 | $30,000 | $176,300 | $1,417 |
| 2014 | $146,300 | $30,000 | $176,300 | $1,417 |
| 2013 | $146,300 | $30,000 | $176,300 | $1,269 |
| 2012 | $146,300 | $30,000 | $176,300 | $1,269 |
| 2011 | $223,200 | $105,000 | $328,200 | $1,608 |
| 2010 | $223,200 | $105,000 | $328,200 | $1,608 |
| 2009 | $223,200 | $105,000 | $328,200 | $1,543 |
| 2008 | $223,200 | $105,000 | $328,200 | $1,543 |
| 2007 | $223,200 | $105,000 | $328,200 | $1,378 |
Property facts
Year built
1980
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
2,735 sqft
Lot size
13,939 sqft
ZIP code
22508
City
Locust Grove
Street
Cornwallis Ave
Coordinates
38.33979, -77.76647
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,878
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 507 Cornwallis Ave last sell?
507 Cornwallis Ave most recently sold on Jul 29, 2022 for $313,000.
What is the current tax assessment for 507 Cornwallis Ave?
The most recent total assessment for 507 Cornwallis Ave (year 2025) is $361,000 with $2,238 in property tax.
How does 507 Cornwallis Ave's assessment compare to its last sale price?
The current assessment is 15.3% above the last sale price of $313,000.
When was 507 Cornwallis Ave built?
507 Cornwallis Ave was built in 1980.
How does 507 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 507 Cornwallis Ave?
507 Cornwallis Ave is a 3 bed, 2 bath, 2,735 sqft, 13,939 sqft lot single_family.
Is 507 Cornwallis Ave a flip candidate?
No — 507 Cornwallis Ave does not appear in our flips dataset.
Is 507 Cornwallis Ave a tax-appeal candidate?
No — 507 Cornwallis Ave is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-5.4%
Implied 1-yr
-21.6%
2026 Q3
$324.3K
2026 Q4
$312.8K
ZIP 22508 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Cornwallis Ave