505 Bailey Ave
Smithfield, VA 23430
3 bd 2 ba 1,722 sqft Built 1972 Lot 16,452 sqft single_family
Most recent sale
$200,000
Jun 24, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Dec 5, 2022 | Sold | $342,000 | Public Record |
| Oct 25, 2022 | Price changed | $349,000 | MLS #10460012 |
| Oct 11, 2022 | Listed | $360,000 | MLS #10460012 |
| Jun 24, 2022 | Sold | $200,000 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $270,200 | $55,000 | $325,200 | $2,561 |
| 2024 | $270,200 | $55,000 | $325,200 | $2,427 |
| 2023 | $270,200 | $55,000 | $325,200 | $2,362 |
| 2022 | $170,600 | $55,000 | $225,600 | $1,971 |
| 2021 | $170,600 | $55,000 | $225,600 | $1,971 |
| 2020 | $170,600 | $55,000 | $225,600 | $1,972 |
| 2019 | $170,600 | $55,000 | $225,600 | $1,972 |
| 2018 | $146,900 | $55,000 | $201,900 | $1,770 |
| 2017 | $146,900 | $55,000 | $201,900 | $1,770 |
| 2016 | $146,900 | $55,000 | $201,900 | $1,788 |
| 2015 | $146,900 | $55,000 | $201,900 | $1,788 |
| 2014 | $148,800 | $55,000 | $203,800 | $1,732 |
| 2013 | $148,800 | $55,000 | $203,800 | $1,488 |
| 2012 | $148,800 | $55,000 | $203,800 | $1,325 |
| 2011 | $158,400 | $55,000 | $213,400 | $1,387 |
| 2010 | $158,400 | $55,000 | $213,400 | $1,110 |
| 2008 | $163,300 | $55,000 | $218,300 | $1,135 |
Property facts
Year built
1972
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
1,722 sqft
Lot size
16,452 sqft
ZIP code
23430
City
Smithfield
Street
Bailey Ave
Coordinates
36.99115, -76.60874
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
$1,200
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 505 Bailey Ave last sell?
505 Bailey Ave most recently sold on Jun 24, 2022 for $200,000.
What is the current tax assessment for 505 Bailey Ave?
The most recent total assessment for 505 Bailey Ave (year 2025) is $325,200 with $2,561 in property tax.
How does 505 Bailey Ave's assessment compare to its last sale price?
The current assessment is 62.6% above the last sale price of $200,000.
When was 505 Bailey Ave built?
505 Bailey Ave was built in 1972.
How does 505 Bailey Ave compare to others on Bailey Ave?
We track 2 other properties on Bailey Ave. Browse the list under "Other properties on Bailey Ave" to compare beds, baths, and sale history.
What are the property facts for 505 Bailey Ave?
505 Bailey Ave is a 3 bed, 2 bath, 1,722 sqft, 16,452 sqft lot single_family.
Is 505 Bailey Ave a flip candidate?
Yes — 505 Bailey Ave appears in our flips dataset, indicating it sold twice within a short window with a notable price change.
Is 505 Bailey Ave a tax-appeal candidate?
No — 505 Bailey 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
+10.0%
Implied 1-yr
+39.8%
2026 Q3
$632.3K
2026 Q4
$670.5K
ZIP 23430 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Bailey Ave