1116 16th St
Richmond, VA 23224
3 bd 2 ba 1,853 sqft Built 1947 Lot 5,001 sqft single_family
Most recent sale
$285,000
Oct 31, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| May 20, 2025 | Sold | $312,000 | CVRMLS |
| Nov 23, 2023 | Listed for rent | $2,450 | RentRedi |
| Nov 12, 2023 | Listed | $314,500 | CVRMLS |
| Oct 31, 2022 | Sold | $285,000 | MLS #2223253 |
| Oct 3, 2022 | Relisted | $285,000 | MLS #2223253 |
| Sep 13, 2022 | Price changed | $285,000 | MLS #2223253 |
| Aug 26, 2022 | Relisted | $295,000 | MLS #2223253 |
| Aug 3, 2022 | Price changed | $315,000 | MLS #2217939 |
| Jul 22, 2022 | Price changed | $340,000 | MLS #2217939 |
| Jul 12, 2022 | Price changed | $345,000 | MLS #2217939 |
| Jun 25, 2022 | Listed | $350,000 | MLS #2217939 |
| Mar 2, 2022 | Sold | $138,000 | MLS #2203099 |
| Feb 9, 2022 | Listed | $140,000 | MLS #2203099 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $213,000 | $55,000 | $268,000 | $3,216 |
| 2024 | $212,000 | $45,000 | $257,000 | $3,084 |
| 2023 | $188,000 | $36,000 | $224,000 | $2,688 |
| 2022 | $84,000 | $36,000 | $120,000 | $1,440 |
| 2021 | $76,000 | $20,000 | $96,000 | $1,155 |
| 2019 | $59,000 | $10,000 | $69,000 | $538 |
| 2018 | $54,000 | $10,000 | $64,000 | $499 |
| 2017 | $54,000 | $10,000 | $64,000 | $768 |
| 2016 | $54,000 | $10,000 | $64,000 | $768 |
| 2015 | $54,000 | $10,000 | $64,000 | $768 |
| 2014 | $54,000 | $10,000 | $64,000 | $768 |
| 2013 | $60,000 | $15,000 | $75,000 | $585 |
| 2011 | $85,000 | $22,000 | $107,000 | $1,284 |
| 2010 | $85,000 | $22,000 | $107,000 | $12,840 |
| 2009 | $85,400 | $22,000 | $107,400 | $1,289 |
| 2008 | $89,900 | $22,000 | $111,900 | $1,342 |
Property facts
Year built
1947
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,853 sqft
Lot size
5,001 sqft
ZIP code
23224
City
Richmond
Street
16th St
Coordinates
37.50970, -77.43819
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
$2,780
Gross rental yield
11.71%
Implied cap rate
7.61%
Trend-extrapolated value
—
Frequently asked questions
When did 1116 16th St last sell?
1116 16th St most recently sold on Oct 31, 2022 for $285,000.
What is the current tax assessment for 1116 16th St?
The most recent total assessment for 1116 16th St (year 2025) is $268,000 with $3,216 in property tax.
How does 1116 16th St's assessment compare to its last sale price?
The current assessment is 6.0% below the last sale price of $285,000.
When was 1116 16th St built?
1116 16th St was built in 1947.
How does 1116 16th St compare to others on 16th St?
We track 8 other properties on 16th St. Browse the list under "Other properties on 16th St" to compare beds, baths, and sale history.
What are the property facts for 1116 16th St?
1116 16th St is a 3 bed, 2 bath, 1,853 sqft, 5,001 sqft lot single_family.
Is 1116 16th St a flip candidate?
Yes — 1116 16th St appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 1116 16th St a tax-appeal candidate?
No — 1116 16th St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.8%
Implied 1-yr
+7.2%
2026 Q3
$334.7K
2026 Q4
$340.1K
ZIP 23224 — Median Price History + Forecast
Explore nearby
Geography
Other properties on 16th St