2405 The Terrace
Richmond, VA 23222
4 bd 3 ba 2,104 sqft Built 1917 Lot 9,852 sqft single_family
Most recent sale
$580,000
Jul 12, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jul 12, 2024 | Sold | $615,000 | Public Record |
| Jul 12, 2022 | Sold | $580,000 | MLS #2214448 |
| May 28, 2022 | Listed | $529,900 | MLS #2214448 |
| Oct 17, 2019 | Sold | $380,000 | MLS #1928712 |
| Sep 10, 2019 | Listed | $389,950 | MLS #1928712 |
| Jan 2, 2008 | Sold | $158,750 | Public Record |
| Jun 20, 2007 | Sold | $145,000 | Public Record |
| Jul 24, 1987 | Sold | $40,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $394,000 | $110,000 | $504,000 | $6,048 |
| 2024 | $378,000 | $105,000 | $483,000 | $5,796 |
| 2023 | $378,000 | $75,000 | $453,000 | $5,436 |
| 2022 | $326,000 | $65,000 | $391,000 | $4,692 |
| 2021 | $309,000 | $50,000 | $359,000 | $4,308 |
| 2020 | $288,000 | $50,000 | $338,000 | $4,056 |
| 2019 | $147,000 | $45,000 | $192,000 | $2,304 |
| 2018 | $135,000 | $45,000 | $180,000 | $2,160 |
| 2017 | $130,000 | $40,000 | $170,000 | $2,040 |
| 2016 | $126,000 | $29,000 | $155,000 | $1,860 |
| 2015 | $124,000 | $29,000 | $153,000 | $1,836 |
| 2014 | $124,000 | $29,000 | $153,000 | $1,836 |
| 2013 | $124,000 | $29,000 | $153,000 | $1,836 |
| 2011 | $150,000 | $29,000 | $179,000 | $2,148 |
| 2010 | $150,000 | $29,000 | $179,000 | $21,480 |
| 2009 | $147,100 | $28,500 | $175,600 | $2,107 |
| 2008 | $147,100 | $28,500 | $175,600 | $2,107 |
Property facts
Year built
1917
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,104 sqft
Lot size
9,852 sqft
ZIP code
23222
City
Richmond
Street
The Terrace
Coordinates
37.56462, -77.43780
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,156
Gross rental yield
6.53%
Implied cap rate
4.24%
Trend-extrapolated value
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Frequently asked questions
When did 2405 The Terrace last sell?
2405 The Terrace most recently sold on Jul 12, 2022 for $580,000.
What is the current tax assessment for 2405 The Terrace?
The most recent total assessment for 2405 The Terrace (year 2025) is $504,000 with $6,048 in property tax.
How does 2405 The Terrace's assessment compare to its last sale price?
The current assessment is 13.1% below the last sale price of $580,000.
When was 2405 The Terrace built?
2405 The Terrace was built in 1917.
How does 2405 The Terrace compare to others on The Terrace?
We track 2 other properties on The Terrace. Browse the list under "Other properties on The Terrace" to compare beds, baths, and sale history.
What are the property facts for 2405 The Terrace?
2405 The Terrace is a 4 bed, 3 bath, 2,104 sqft, 9,852 sqft lot single_family.
Is 2405 The Terrace a flip candidate?
No — 2405 The Terrace does not appear in our flips dataset.
Is 2405 The Terrace a tax-appeal candidate?
No — 2405 The Terrace is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+3.0%
Implied 1-yr
+12.1%
2026 Q3
$418.6K
2026 Q4
$429.2K
ZIP 23222 — Median Price History + Forecast
Explore nearby
Geography
Other properties on The Terrace