PRICE IMPROVEMENT!!!!!!
Nestled on 6.98 acres of versatile land, this charming brick home offers endless potential in a prime location. The property is zoned B3, allowing for a dynamic mix of commercial, automotive, and recreational opportunities, making it an exceptional investment. This property is entrenched with thousands in timber alone.
Inside the home, you'll find a spacious layout with an upstairs area waiting to be finished—perfect for an additional bedroom and bath to suit your vision. Step onto the screened-in porch and enjoy serene outdoor living, ideal for relaxing or entertaining.
Whether you're looking for a beautiful residential retreat or a strategically positioned property with business potential, this listing offers a rare blend of comfort, space, and commercial flexibility
Sold for $240,000
$240,000
5138 New Market Rd, Henrico, VA 23231
2beds
1,071sqft
Single Family Residence
Built in 1951
6.98 Acres Lot
$316,300 Zestimate®
$224/sqft
$1,599 Estimated rent
Home value
$316,300
$300,000 - $332,000
$1,599/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: October 06, 2025 at 08:47am
Listed by:
DeAndre Wheeler 757-735-4338,
Legacy Builders Real Estate Group LLC,
Jonathan Siler 804-877-8708,
Legacy Builders Real Estate Group LLC
Bought with:
Amanda Redfern, 0225218953
Howard Hanna Real Estate Services
Source: CVRMLS,MLS#: 2515094
Originating MLS: Central Virginia Regional MLS
Originating MLS: Central Virginia Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Other
- Description: Tub & Shower
- Level: First
Heating
- Forced Air, Heat Pump, Natural Gas
Cooling
- Central Air
Features
- Has basement: No
- Attic: Access Only
Interior area
- Total interior livable area: 1,071 sqft
- Finished area above ground: 1,071
- Finished area below ground: 0
Property
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Size: 6.98 Acres
Details
- Parcel number: 8416734282
- Zoning description: B3
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cape Cod
- Property subtype: Single Family Residence
Materials
- Brick
- Roof: Asphalt
Condition
- Resale
- New construction: No
- Year built: 1951
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & neighborhood
Location
- Region: Henrico
- Subdivision: Acreage
Other
Other facts
- Ownership: Individuals
- Ownership type: Sole Proprietor
Price history
| Date | Event | Price |
|---|---|---|
| 10/1/2025 | Sold | $240,000-27.3%$224/sqft |
Source:  CVRMLS #2515094 Report a problem | ||
| 7/20/2025 | Pending sale | $329,950$308/sqft |
Source: CVRMLS #2515094 Report a problem | ||
| 6/23/2025 | Price change | $329,950-10.8%$308/sqft |
Source: CVRMLS #2515094 Report a problem | ||
| 5/29/2025 | Listed for sale | $369,950+64.4%$345/sqft |
Source: CVRMLS #2515094 Report a problem | ||
| 6/6/2022 | Listing removed | -- |
Source: CVRMLS #2215164 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $1,894 +4.3% | $222,800 +4.3% |
| 2023 | $1,816 +10% | $213,700 +10% |
| 2022 | $1,652 +2.8% | $194,300 +5.2% |
Find assessor info on the county website
Neighborhood: 23231
Nearby schools
GreatSchools rating
- NAMehfoud Elementary SchoolGrades: PK-2Distance: 4.9 mi
- 3/10Elko Middle SchoolGrades: 6-8Distance: 7.1 mi
- 2/10Varina High SchoolGrades: 9-12Distance: 7.7 mi
Schools provided by the listing agent
- Elementary: Mehfoud
- Middle: Elko
- High: Varina
Source: CVRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$316,300