8 days on rocket

507 N Monroe St, Richmond, VA, 23220

$370,000

Home List Price

$4,394*

Closing Credit

2 Bedrooms
2 Full Baths, 1 Partial
1,228 SqFt
$301/SqFt
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

507 N Monroe St, Richmond$370,000

Buyer Closing Credits

$4,394*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingOn Street
Year Built1900
HeatingElectric
CoolingCentral Air
MLS #2429348
StatusActive

About 507 N Monroe St

Welcome to 507 N Monroe St, located in the historic Jackson Ward neighborhood. This charmingly renovated townhome features 2 spacious bedrooms, 2 full bathrooms, and a half bathroom. The exterior brick walls have been expertly repaired and preserved. Inside, you'll find a newly designed open floor plan with beautiful wood flooring, providing ample space for a cozy living room and kitchen area. The kitchen boasts new countertops, cabinets with a stylish backsplash, and brand-new appliances. A half bathroom and laundry room are conveniently located on the first floor. On the second floor, both bedrooms include their own renovated full bathrooms. Additional updates include new plumbing, a new heating/cooling HVAC system, and new electrical lighting throughout, ensuring comfort and modern convenience for years to come. At the back of the home, you'll find a fenced patio area—perfect for enjoying fresh air and outdoor relaxation. This property is just around the corner from Abner Clay Park and only four blocks from Broad St, with plenty of restaurants, coffee shops, shopping, and VCU within walking distance. An incredible opportunity awaits—don’t miss out!

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 1900
  • Stories: 2
  • Living Area: 1,228 SqFt

Listing Office:

  • Office Name: Realty Advantage
  • Office Phone: (301) 881-9800
  • Listing Agent: Bryan Lemus

Interior Features

Interior Information:

  • Basement: No
  • Flooring Type: Wood

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Parking: On Street

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $370,000
  • Price Per SqFt: $301/SqFt

Tax Information:

  • Annual Amount: $1,428
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

See how this home compares to others in Richmond, VA.

Map thumbnail provided by MapBox

Richmond, VA

City

Med. Sold Price

$357.2K

Med. Price/SqFt

$225

Avg. Days On Market

26

# of Sold Homes

387

507 N Monroe St vs Richmond

8 DAYS ON ROCKET

-18 Days

$370,000

+$12.7K More

$301/SqFt

+$76 More

KEY TAKEAWAY

This property is $12.7K more than the Median Sold Price and $76/SqFt more than other homes in Richmond, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CVR
  • MLS Number: #2429348

Listing Office:

  • Office Name: Realty Advantage
  • Office Phone: (301) 881-9800
  • Listing Agent: Bryan Lemus

IDX All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 9:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$1,428$142,000
2020$2,246$119,000
2019$1,164$111,000
2018$1,164$97,000

History based on county public records data.

Payment Calculator

$1,914

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,176

Powered By

Rocket Mortgage

Advertisement

NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-627346
1
/10

  • George W. Carver Elementary School

  • 1110 W Leigh St

  • 0.44 miles

  • Public District Grades KG-5

school-card-donut-627347
5
/10

  • William Fox Elementary School

  • 2300 Hanover Ave

  • 1.39 miles

  • Public District Grades KG-5

school-card-donut-627348
4
/10

  • Overby-Sheppard Elementary School

  • 2300 1st Ave

  • 1.48 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,226. Typical income of Richmond, VA residents is between $35k-100k annually. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 507 N Monroe St

What is the listing price of this property?

The listing price of 507 N Monroe St property is $370,000.

What type of property is this?

The property 507 N Monroe St is a house located in Richmond, Virginia, 23220.

Is this property for sale now?

Active Listing: 507 N Monroe St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,428 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 507 N Monroe St has 2 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 507 N Monroe St is 1,228 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 507 N Monroe St is 1900.

Rocket Homes›Virginia›Richmond›23220›507 N Monroe St

This home is located at 507 N Monroe St in Richmond, VA and zip code 23220 in the Jackson Ward neighborhood. This 1,228 square foot home was built in 1900. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 09, 2024 and is currently priced at $370,000.

In October 2024 more than 165 listings in Richmond, VA were sold above the asking price. During the same period more than 81 listings were sold at asking price, while more than 137 were sold below. Between September 2024 and October 2024, Richmond, VA real estate market has seen increase in the number of listings by 5.8%. In October 2024, listings were on the market for 26 days. During the same period, the median list price in this real estate market was $357,226.

From Rocket Homes Real Estate and based on county public records data.

More Resources