506 Somerset Ave
Richmond, VA 23226
3 bd 2 ba 1,470 sqft Built 1930 Lot 7,902 sqft single_family
Most recent sale
$515,000
Jun 28, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 28, 2022 | Sold | $515,000 | MLS #2212084 |
| May 20, 2022 | Price changed | $525,000 | MLS #2212084 |
| May 11, 2022 | Listed | $549,000 | MLS #2212084 |
| Jul 5, 2017 | Sold | $365,000 | MLS #1616390 |
| Aug 11, 2016 | Sold | $365,000 | Public Record |
| Jun 22, 2016 | Price changed | $375,000 | MLS #1616390 |
| May 31, 2016 | Relisted | $389,000 | MLS #1616390 |
| May 18, 2016 | Listing removed | $389,000 | CVRMLS |
| May 13, 2016 | Listed | $389,000 | MLS #1616390 |
| Aug 22, 2006 | Sold | $340,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $360,000 | $180,000 | $540,000 | $6,480 |
| 2024 | $345,000 | $163,000 | $508,000 | $6,096 |
| 2023 | $323,000 | $148,000 | $471,000 | $5,652 |
| 2022 | $281,000 | $125,000 | $406,000 | $4,872 |
| 2021 | $260,000 | $125,000 | $385,000 | $4,620 |
| 2020 | $266,000 | $105,000 | $371,000 | $4,452 |
| 2019 | $250,000 | $105,000 | $355,000 | $4,260 |
| 2018 | $235,000 | $105,000 | $340,000 | $4,080 |
| 2017 | $194,000 | $92,000 | $286,000 | $3,432 |
| 2016 | $186,000 | $92,000 | $278,000 | $3,336 |
| 2015 | $178,000 | $92,000 | $270,000 | $3,240 |
| 2014 | $182,000 | $87,000 | $269,000 | $3,228 |
| 2013 | $182,000 | $87,000 | $269,000 | $3,228 |
| 2011 | $184,000 | $87,000 | $271,000 | $3,252 |
| 2010 | $184,000 | $87,000 | $271,000 | $32,520 |
| 2009 | $183,800 | $87,000 | $270,800 | $3,250 |
| 2008 | $183,800 | $87,000 | $270,800 | $3,249 |
Property facts
Year built
1930
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,470 sqft
Lot size
7,902 sqft
ZIP code
23226
City
Richmond
Street
Somerset Ave
Coordinates
37.57608, -77.52146
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
$2,205
Gross rental yield
5.14%
Implied cap rate
3.34%
Trend-extrapolated value
—
Frequently asked questions
When did 506 Somerset Ave last sell?
506 Somerset Ave most recently sold on Jun 28, 2022 for $515,000.
What is the current tax assessment for 506 Somerset Ave?
The most recent total assessment for 506 Somerset Ave (year 2025) is $540,000 with $6,480 in property tax.
How does 506 Somerset Ave's assessment compare to its last sale price?
The current assessment is 4.9% above the last sale price of $515,000.
When was 506 Somerset Ave built?
506 Somerset Ave was built in 1930.
How does 506 Somerset Ave compare to others on Somerset Ave?
We track 2 other properties on Somerset Ave. Browse the list under "Other properties on Somerset Ave" to compare beds, baths, and sale history.
What are the property facts for 506 Somerset Ave?
506 Somerset Ave is a 3 bed, 2 bath, 1,470 sqft, 7,902 sqft lot single_family.
Is 506 Somerset Ave a flip candidate?
No — 506 Somerset Ave does not appear in our flips dataset.
Is 506 Somerset Ave a tax-appeal candidate?
No — 506 Somerset 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
-6.7%
Implied 1-yr
-26.7%
2026 Q3
$493.1K
2026 Q4
$493.1K
ZIP 23226 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Somerset Ave