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CondominiumResidential

505 S Davis Ave

RICHMOND, VA 23220
1,057 ft²
Lot SizeThe size of the land the home sits on, from county records.
1923
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
Built 192312 units702–1,120 ft²
$2.7M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$246K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$239
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

-7.6%vs the Richmond ZIP median sale $/ft² ($259)

Sales Performance

$360K
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
—
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
1
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
8.3%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
+5.4%per yeartypical hold 6.8 yrsfrom 13 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
19992004201120142017201920232026
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
19992004201120142017201920232026

23 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

Every unit: size vs estimated valueEvery unit in the building as one dot: across is its size, up is our current value estimate, and color is its bedroom count. Vertical columns of dots are recurring floor plans; the height spread within a column shows how much floor, view and condition move prices for the same layout.
$161K$236K$311K$385K702 ft²786 ft²869 ft²953 ft²1,036 ft²1,120 ft²
Studio2 bd3 bd
Studio
8 units
2 bed
3 units
3 bed
1 unit
Recurring floor plansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.
Studio · 1 ba · 702 ft²
2 units
Studio · 2 ba · 827 ft²
2 units
Studio · 2 ba · 1,057 ft²
2 units
Studio · 2 ba · 1,120 ft²
2 units
One-off layouts
4 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$161K–$161K
2 units
$199K–$206K
2 units
$238K–$238K
1 unit
$246K–$272K
4 units
$358K–$385K
2 units

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.75%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.8%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.4.8 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.38%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.43%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$268,452
Median tax billThe middle annual property tax bill among the building's units.$3,594
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit 12May 29, 2026$360,000Unit 5Apr 18, 2024$430,000Unit 1Dec 4, 2023$430,000Unit 6May 24, 2023$362,500Unit 10Sep 9, 2022$335,000Unit 11Dec 28, 2021$200,000Unit 8Oct 25, 2021$230,000Unit 1Oct 1, 2021$300,000Unit 12Feb 20, 2019$215,000Unit 4Sep 24, 2018$205,000

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyRICHMOND CITY
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.1990
Lot (acres)The size of the land the home sits on, from county records.0.02
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Heat Pump
CoolingThe type of cooling or air conditioning in the home.Central
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
John B. Cary Elementary SchoolA-
Elementary · Grades KG–5 · 0.5 mi
M
Albert Hill Middle SchoolC-
Middle · Grades 6–8 · 1.1 mi
H
Thomas Jefferson High SchoolC-
High · Grades 9–12 · 1.8 mi

District: Richmond City Public Schools

Neighborhood · ZIP 23220These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.118
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.97
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.67

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.92%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.39%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.22%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.9%
PopulationHow many people live in this area.39,857
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.8,201 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$61,038
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$84,454
Average tempThe average temperature here across a full year.58°F
Annual precipHow much rain and melted snow falls here in a typical year.44 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.63%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

505 S Davis Ave # 1
2 ba · 1,120 ft²
$385K
505 S Davis Ave # 2
2 ba · 1,057 ft²
$253K
505 S Davis Ave # 3
1 ba · 702 ft²
505 S Davis Ave # 4
2 bd · 2 ba · 827 ft²
$206K
505 S Davis Ave
3 bd · 2 ba · 1,120 ft²
$272K
505 S Davis Ave # 6
2 ba · 1,057 ft²
$248K
505 S Davis Ave # 7
1 ba · 702 ft²
$161K
505 S Davis Ave # 8
2 ba · 827 ft²
$199K
505 S Davis Ave # 9
2 ba · 1,120 ft²
$246K
505 S Davis Ave # 10
2 bd · 2 ba · 1,057 ft²
$238K
505 S Davis Ave # 11
2 bd · 1 ba · 702 ft²
$161K
505 S Davis Ave # 12
2 ba · 827 ft²
$358K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 505 S Davis Ave

How many units are in 505 S Davis Ave, Richmond, VA?

505 S Davis Ave, Richmond, VA has 12 residential units across built in 1923, according to county assessor records.

What is a unit at 505 S Davis Ave, Richmond, VA worth?

The median TopHap Estimate across the 12 units at 505 S Davis Ave, Richmond, VA is $245,635. That works out to $239 per square foot. Units run from 702 to 1,120 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 505 S Davis Ave, Richmond, VA expensive for Richmond?

Units at 505 S Davis Ave, Richmond, VA carry a median of $239 per square foot, 8% below the Richmond median of $259 per square foot.

How often do units sell at 505 S Davis Ave, Richmond, VA?

1 units at 505 S Davis Ave, Richmond, VA sold in the last 12 months, out of 23 recorded arms-length sales all time. That is a turnover rate of 8.3% of the building per year. The median sale over that period was $360K.

Have units at 505 S Davis Ave, Richmond, VA appreciated?

Across 13 repeat sales of the same unit, 505 S Davis Ave, Richmond, VA returned a median 5.4% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 6.8 years.

What floor plans does 505 S Davis Ave, Richmond, VA have?

The most common plan at 505 S Davis Ave, Richmond, VA is a 0-bedroom of 702 square feet, repeated 2 times, with a median estimate of $161,152. TopHap identifies 4 recurring plans in the building.

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Assigned schools

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