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616 Carolina Ave

Petersburg, VA 23803

3 bd 2 ba 1,105 sqft Built 1915 Lot 6,250 sqft single_family
Most recent sale
$175,000
Aug 25, 2022

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Nov 18, 2022 Listed for rent $1,450 CVRMLS
Sep 26, 2022 Price changed for rent $1,850 CVRMLS
Sep 20, 2022 Listed for rent $1,950 CVRMLS
Aug 25, 2022 Sold $175,000 MLS #2207737
Jul 23, 2022 Price changed $179,900 MLS #2207737
Jul 15, 2022 Price changed $184,900 MLS #2207737
Jun 16, 2022 Relisted $189,900 MLS #2207737
Feb 15, 2022 Sold $60,000 MLS #2132761
Oct 27, 2021 Listed $76,900 MLS #2132761
Aug 10, 2016 Listing removed $42,000 CVRMLS
May 18, 2016 Listed $42,000 MLS #1617084

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $191,600 $10,100 $201,700 $2,561
2023 $191,600 $10,100 $201,700 $2,306
2022 $175,400 $6,200 $181,600 $2,306
2021 $43,100 $6,200 $49,300 $666
2020 $43,100 $6,200 $49,300 $666
2019 $43,100 $6,200 $49,300 $666
2018 $43,100 $6,200 $49,300 $666
2017 $43,100 $6,200 $49,300 $666
2016 $43,100 $6,200 $49,300 $666
2015 $43,100 $6,200 $49,300 $666
2014 $43,100 $6,200 $49,300 $666
2012 $47,900 $6,200 $54,100 $730
2011 $47,900 $6,200 $54,100 $730
2009 $54,700 $6,800 $61,500 $830

Property facts

Year built
1915
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,105 sqft
Lot size
6,250 sqft
ZIP code
23803
City
Petersburg
Street
Carolina Ave
Coordinates
37.21089, -77.40864

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
$1,658
Gross rental yield
11.37%
Implied cap rate
7.39%
Trend-extrapolated value

Frequently asked questions

When did 616 Carolina Ave last sell?
616 Carolina Ave most recently sold on Aug 25, 2022 for $175,000.
What is the current tax assessment for 616 Carolina Ave?
The most recent total assessment for 616 Carolina Ave (year 2025) is $201,700 with $2,561 in property tax.
How does 616 Carolina Ave's assessment compare to its last sale price?
The current assessment is 15.3% above the last sale price of $175,000.
When was 616 Carolina Ave built?
616 Carolina Ave was built in 1915.
How does 616 Carolina Ave compare to others on Carolina Ave?
We track 8 other properties on Carolina Ave. Browse the list under "Other properties on Carolina Ave" to compare beds, baths, and sale history.
What are the property facts for 616 Carolina Ave?
616 Carolina Ave is a 3 bed, 2 bath, 1,105 sqft, 6,250 sqft lot single_family.
Is 616 Carolina Ave a flip candidate?
Yes — 616 Carolina Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 616 Carolina Ave a tax-appeal candidate?
Yes — 616 Carolina 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 valuation
Quarterly trend
+1.2%
Implied 1-yr
+4.8%
2026 Q3
$223.4K
2026 Q4
$225.9K
ZIP 23803 — Median Price History + Forecast

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