506 Third St
South Boston, VA 24592
2 bd 1 ba 980 sqft Built 1949 Lot 10,890 sqft single_family
Most recent sale
$68,500
Jun 29, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 29, 2022 | Sold | $68,500 | MLS #65416 |
| Jun 2, 2022 | Listed | $78,500 | MLS #65416 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $51,177 | $10,000 | $61,177 | $305 |
| 2023 | $32,045 | $10,000 | $42,045 | $210 |
| 2022 | $32,045 | $10,000 | $42,045 | $210 |
| 2021 | $32,045 | $10,000 | $42,045 | $210 |
| 2020 | $32,045 | $10,000 | $42,045 | $210 |
| 2019 | $32,872 | $10,000 | $42,872 | $214 |
| 2018 | $32,872 | $10,000 | $42,872 | $206 |
| 2017 | $33,543 | $10,000 | $43,543 | $209 |
| 2016 | $33,543 | $10,000 | $43,543 | $209 |
| 2015 | $33,543 | $10,000 | $43,543 | $209 |
| 2014 | $33,543 | $10,000 | $43,543 | $200 |
| 2013 | $34,859 | $10,000 | $44,859 | $202 |
| 2012 | $33,558 | $10,000 | $43,558 | $196 |
| 2011 | $36,900 | $10,000 | $46,900 | $202 |
| 2010 | $36,900 | $10,000 | $46,900 | $202 |
| 2009 | $36,127 | $10,000 | $46,127 | $203 |
| 2008 | $36,127 | $10,000 | $46,127 | $203 |
Property facts
Year built
1949
Property type
single_family
Stories
—
Beds
2
Baths
1
Living area
980 sqft
Lot size
10,890 sqft
ZIP code
24592
City
South Boston
Street
Third St
Coordinates
36.70255, -78.90369
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$411
Gross rental yield
7.20%
Implied cap rate
4.68%
Trend-extrapolated value
—
Frequently asked questions
When did 506 Third St last sell?
506 Third St most recently sold on Jun 29, 2022 for $68,500.
What is the current tax assessment for 506 Third St?
The most recent total assessment for 506 Third St (year 2025) is $61,177 with $305 in property tax.
How does 506 Third St's assessment compare to its last sale price?
The current assessment is 10.7% below the last sale price of $68,500.
When was 506 Third St built?
506 Third St was built in 1949.
How does 506 Third St compare to others on Third St?
We track 2 other properties on Third St. Browse the list under "Other properties on Third St" to compare beds, baths, and sale history.
What are the property facts for 506 Third St?
506 Third St is a 2 bed, 1 bath, 980 sqft, 10,890 sqft lot single_family.
Is 506 Third St a flip candidate?
No — 506 Third St does not appear in our flips dataset.
Is 506 Third St a tax-appeal candidate?
No — 506 Third 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
+2.4%
Implied 1-yr
+9.5%
2026 Q3
$256.1K
2026 Q4
$261.4K
ZIP 24592 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Third St