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Single Family ResidenceResidential
Last sold for $785,000 on May 19, 2025

1506 PALMYRA AVE

RICHMOND, VA 23227
5
Beds
2
Baths
2,761 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.42 ac
Lot SizeThe size of the land the home sits on, from county records.
1931
Year BuiltThe year the home was originally built, according to county records.
2
StoriesHow many floors the home has above ground.
12
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.
2
ParkingThe number of parking spaces on the property, including the garage.

Valuation

Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$785,000 · May 19, 2025
1st MortgageA loan still believed to be open on this home, in the order lenders get repaid. The first position is paid back before the second.$549,500
HOMESTEAD FUNDING CORP · recorded May 19, 2025

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$8,820 (2026)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$735,000 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$185,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$550,000
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$493,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$735,000

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Colonial
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.1960
Lot (acres)The size of the land the home sits on, from county records.0.42
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.Slate
HeatingThe type of heating system in the home.Heat Pump
CoolingThe type of cooling or air conditioning in the home.Central
FireplaceWhether the home has a fireplace, and what kind.Yes
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Deck · 171 ft²Porch · 192 ft²

Transaction History(4)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

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

E
Linwood Holton Elementary SchoolB
Elementary · Grades KG–5 · 0.4 mi
H
John Marshall High SchoolB-
High · Grades 9–12 · 1.1 mi
M
Thomas H. Henderson Middle SchoolD-
Middle · Grades 6–8 · 1.3 mi

District: Richmond City Public Schools

Neighborhood · ZIP 23227These 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.107
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.96
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.65

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.89%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.27%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.11%
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.26,569
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,198 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$76,315
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$96,019
Average tempThe average temperature here across a full year.57°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%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Owner occupied
Company ownedWhether the owner is a company or trust rather than a person.No

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

How this home compares

1506 Palmyra Ave measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Bigger than 88% of homes in Richmond 23227
  • Has a bigger lot than 86% of homes in Richmond city County
  • Older than 84% of homes in Richmond 23227

How it measures up in Richmond 23227

The dot is this home. The mark in the middle is the typical home in Richmond 23227.

Living area2,761 ft²
SmallerTypical 1,642 ft²Bigger

Bigger than 88% of homes nearby

Lot size0.42 ac
SmallerTypical 0.28 acBigger

Bigger than 76% of homes nearby

Year built1931
OlderTypical 1959Newer

Newer than 16% of homes nearby

How 1506 Palmyra Ave ranks against every home in each area.
MeasureThis homeLaburnum ParkRichmond 23227Richmond city County
Living areabigger than2,761 ft²71% of homes88% of homes88% of homes
Lot sizebigger than0.42 ac61% of homes76% of homes86% of homes
Year builtnewer than193163% of homes16% of homes34% of homes

About 1506 Palmyra Ave

When did 1506 Palmyra Ave, Richmond, VA last sell?

1506 Palmyra Ave, Richmond, VA last sold on May 19, 2025 for $785,000, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 1506 Palmyra Ave, Richmond, VA?

1506 Palmyra Ave, Richmond, VA has 5 bedrooms, 2 bathrooms, 2,761 square feet of living space and a 0.42-acre lot.

When was 1506 Palmyra Ave, Richmond, VA built?

1506 Palmyra Ave, Richmond, VA was built in 1931, making it 95 years old. It is a colonial home. The building has 2 stories.

What schools serve 1506 Palmyra Ave, Richmond, VA?

1506 Palmyra Ave, Richmond, VA is assigned to Linwood Holton Elementary School (elementary), rated B; John Marshall High School (high), rated B-; Thomas H. Henderson Middle School (middle), rated D-. All sit in Richmond City Public Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 1506 Palmyra Ave, Richmond, VA compare to other homes in Richmond 23227?

Among the 7,274 homes in Richmond 23227, it is bigger than 88% of them (2,761 ft² against a typical 1,642 ft²), its lot is bigger than 76% of them (0.42 ac against a typical 0.28 ac) and it is newer than 16% of them (1931 against a typical 1959). These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 1506 Palmyra Ave, Richmond, VA?

The 2026 property tax bill for 1506 Palmyra Ave, Richmond, VA was $8,820. The county assessed it at $735,000.

Closest homes

More homes in Richmond 23227

Assigned schools

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