516 Rhode Island Ave
Norfolk, VA 23508
3 bd 3 ba 2,006 sqft Built 1918 Lot 8,668 sqft single_family
Most recent sale
$407,000
Jun 1, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 1, 2022 | Sold | $407,000 | Public Record |
| Apr 17, 2022 | Listed | $407,000 | MLS #10431738 |
| Mar 12, 2014 | Sold | $285,000 | Public Record |
| Jan 28, 2014 | Listing removed | $290,500 | HamptonRoads |
| Jan 7, 2014 | Price changed | $290,500 | MLS #1327075 |
| Dec 25, 2013 | Price changed | $295,500 | MLS #1327075 |
| Oct 4, 2013 | Price changed | $299,500 | MLS #1327075 |
| Oct 1, 2013 | Price changed | $309,500 | MLS #1327075 |
| Jun 29, 2013 | Listed | $339,000 | MLS #1327075 |
| Jul 23, 2009 | Listing removed | $339,500 | HamptonRoads |
| Jun 5, 2009 | Price changed | $339,500 | MLS #0902226 |
| Apr 4, 2009 | Listed | $349,500 | MLS #0902226 |
| Mar 13, 2006 | Sold | $246,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $340,800 | $141,500 | $482,300 | $5,932 |
| 2024 | $340,800 | $141,500 | $482,300 | $5,704 |
| 2023 | $299,100 | $141,500 | $440,600 | $5,507 |
| 2022 | $299,100 | $108,900 | $408,000 | $5,100 |
| 2021 | $242,400 | $108,900 | $351,300 | $4,391 |
| 2020 | $242,400 | $99,000 | $341,400 | $4,267 |
| 2019 | $242,400 | $99,000 | $341,400 | $4,267 |
| 2018 | $229,700 | $99,000 | $328,700 | $4,108 |
| 2017 | $225,900 | $99,000 | $324,900 | $3,736 |
| 2016 | $222,200 | $99,000 | $321,200 | $3,693 |
| 2015 | $214,600 | $90,000 | $304,600 | $3,502 |
| 2014 | $206,400 | $90,000 | $296,400 | $3,408 |
| 2013 | $215,500 | $90,000 | $305,500 | $3,513 |
| 2012 | $215,500 | $90,000 | $305,500 | $3,391 |
| 2011 | $225,900 | $90,000 | $315,900 | $3,506 |
| 2010 | $235,400 | $90,000 | $325,400 | $3,611 |
| 2009 | $258,300 | $90,000 | $348,300 | $3,866 |
Property facts
Year built
1918
Property type
single_family
Stories
2
Beds
3
Baths
3
Living area
2,006 sqft
Lot size
8,668 sqft
ZIP code
23508
City
Norfolk
Street
Rhode Island Ave
Coordinates
36.88734, -76.28645
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,009
Gross rental yield
8.87%
Implied cap rate
5.77%
Trend-extrapolated value
—
Frequently asked questions
When did 516 Rhode Island Ave last sell?
516 Rhode Island Ave most recently sold on Jun 1, 2022 for $407,000.
What is the current tax assessment for 516 Rhode Island Ave?
The most recent total assessment for 516 Rhode Island Ave (year 2025) is $482,300 with $5,932 in property tax.
How does 516 Rhode Island Ave's assessment compare to its last sale price?
The current assessment is 18.5% above the last sale price of $407,000.
When was 516 Rhode Island Ave built?
516 Rhode Island Ave was built in 1918.
How does 516 Rhode Island Ave compare to others on Rhode Island Ave?
We track 8 other properties on Rhode Island Ave. Browse the list under "Other properties on Rhode Island Ave" to compare beds, baths, and sale history.
What are the property facts for 516 Rhode Island Ave?
516 Rhode Island Ave is a 3 bed, 3 bath, 2,006 sqft, 8,668 sqft lot single_family.
Is 516 Rhode Island Ave a flip candidate?
No — 516 Rhode Island Ave does not appear in our flips dataset.
Is 516 Rhode Island Ave a tax-appeal candidate?
Yes — 516 Rhode Island 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
+3.4%
Implied 1-yr
+13.4%
2026 Q3
$561.7K
2026 Q4
$577.1K
ZIP 23508 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Rhode Island Ave