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Single Family ResidenceResidential
$812,664$260 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 92How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Jul 14, 2026
Last sold for $935,000 on Oct 26, 2022

505 W 7TH ST

RICHMOND, VA 23224
4
Beds
4.5
Baths
3,122 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.
1,555 ft²
Lot SizeThe size of the land the home sits on, from county records.
2018
Year BuiltThe year the home was originally built, according to county records.
3
StoriesHow many floors the home has above ground.
7
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$813K
$748K low$877K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$935,000 · Oct 26, 2022
Est. Owner EquityRoughly how much of the home's value the owner would keep after paying off known loans. It is our estimate minus the loans still owed.$812,664
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$650,131

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$11,292 (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.$941,000 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$225,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$716,000
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$907,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$941,000

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
CountyRICHMOND CITY
Lot (acres)The size of the land the home sits on, from county records.0.04
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
HeatingThe type of heating system in the home.Forced Air With Air Conditioning
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

Transaction History(2)

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
J.H. Blackwell Elementary SchoolF
Elementary · Grades PK–5 · 0.8 mi
M
Binford Middle SchoolF
Middle · Grades 6–8 · 1.8 mi
H
Armstrong High SchoolD-
High · Grades 9–12 · 2.8 mi

District: Richmond City Public Schools

Neighborhood · ZIP 23224These 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.111
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.93
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.61

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.93%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.15%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.21%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.0%
PopulationHow many people live in this area.42,503
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.3,527 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$47,837
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$57,950
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%

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.Yes

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

505 W 7th St 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.

  • Among the most valuable homes in Richmond 23224
  • Costs more per square foot than 98% of homes in Richmond 23224
  • Among the largest homes in Richmond 23224
  • Has a smaller lot than 97% of homes in Richmond 23224
  • Newer than 95% of homes in Richmond 23224

What homes are worth in Richmond 23224

Each bar is how many homes fall in that price range. The marker is this home.

This home
$65K$343K

This home is worth more than almost all homes in Richmond 23224.

How it measures up in Richmond 23224

The dot is this home. The mark in the middle is the typical home in Richmond 23224.

Estimated value$812,664
CheaperTypical $154,790Pricier

Pricier than almost all homes nearby

Price per ft²$260
CheaperTypical $122Pricier

Pricier than 98% of homes nearby

Living area3,122 ft²
SmallerTypical 1,261 ft²Bigger

Bigger than almost all homes nearby

Lot size1,555 ft²
SmallerTypical 0.19 acBigger

Bigger than 3% of homes nearby

Year built2018
OlderTypical 1954Newer

Newer than 95% of homes nearby

How 505 W 7th St ranks against every home in each area.
MeasureThis homeOld Town ManchesterRichmond 23224Richmond city County
Estimated valuepricier than$812,66482% of homesalmost all homes94% of homes
Price per ft²pricier than$26053% of homes98% of homes83% of homes
Living areabigger than3,122 ft²90% of homesalmost all homes93% of homes
Lot sizebigger than1,555 ft²78% of homes3% of homes6% of homes
Year builtnewer than201876% of homes95% of homes95% of homes

About 505 W 7th St

How much is 505 W 7th St, Richmond, VA worth?

The TopHap Estimate for 505 W 7th St, Richmond, VA is $812,664 as of Jul 14, 2026. The likely range is $748,098 to $877,230. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 505 W 7th St, Richmond, VA last sell?

505 W 7th St, Richmond, VA last sold on Oct 26, 2022 for $935,000, according to the county's recorded deed. TopHap holds 2 recorded sales for this parcel.

How big is 505 W 7th St, Richmond, VA?

505 W 7th St, Richmond, VA has 4 bedrooms, 4.5 bathrooms, 3,122 square feet of living space and a 0.04-acre lot.

When was 505 W 7th St, Richmond, VA built?

505 W 7th St, Richmond, VA was built in 2018, making it 8 years old. The building has 3 stories.

What schools serve 505 W 7th St, Richmond, VA?

505 W 7th St, Richmond, VA is assigned to J.H. Blackwell Elementary School (elementary), rated F; Binford Middle School (middle), rated F; Armstrong High School (high), rated D-. All sit in Richmond City Public Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 505 W 7th St, Richmond, VA compare to other homes in Richmond 23224?

Among the 9,343 homes in Richmond 23224, it is worth more than almost all of them ($812,664 against a typical $154,790), its price per square foot is higher than 98% of them ($260 against a typical $122), it is bigger than almost all of them (3,122 ft² against a typical 1,261 ft²), its lot is bigger than 3% of them (1,555 ft² against a typical 0.19 ac) and it is newer than 95% of them (2018 against a typical 1954). Measured against all of Richmond city County, it is worth more than 94% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 505 W 7th St, Richmond, VA?

The 2026 property tax bill for 505 W 7th St, Richmond, VA was $11,292. The county assessed it at $941,000.

Closest homes

More homes in Richmond 23224

Assigned schools

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