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Single Family ResidenceResidential
$135,826$129 / 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 81How 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

5840 SHALLOW WAY

RICHMOND, VA 23224
3
Beds
2
Baths
1,050 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.
0.17 ac
Lot SizeThe size of the land the home sits on, from county records.
1986
Year BuiltThe year the home was originally built, according to county records.
1
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

$136K
$110K low$161K high
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.$99,826
Est. Lendable EquityThe part of the owner's equity a lender would typically let them borrow against — about 80% of their equity.$79,861
Loan-to-ValueHow much is still owed on the home compared to what it is worth. 80% means loans equal 80% of our estimate, so it shifts when the estimate does.27%
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.$36,000
1ST ADVANTAGE FEDERAL CREDIT UNION · recorded Jan 27, 2015

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$2,412 (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.$201,000 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$53,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$148,000
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$195,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$201,000

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.8 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.30%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.minimal

Scores 0–100; higher = greater projected risk.

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.Ranch
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.0.17
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.Composition Shingle
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
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Porch · 24 ft²

Transaction History(1)

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
Miles J. Jones Elementary SchoolF
Elementary · Grades PK–5 · 0.7 mi
H
Huguenot High SchoolD-
High · Grades 9–12 · 3.0 mi
M
River City Middle SchoolD-
Middle · Grades 6–8 · 3.0 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.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

5840 Shallow Way 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.

  • Worth less than 85% of homes in Richmond city County
  • Costs less per square foot than 76% of homes in Richmond city County
  • Smaller than 81% of homes in Richmond city County
  • Newer than 85% of homes in Richmond city County

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
$62K$341K

This home is worth more than 37% of 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$135,826
CheaperTypical $154,423Pricier

Pricier than 37% of homes nearby

Price per ft²$129
CheaperTypical $122Pricier

Pricier than 57% of homes nearby

Living area1,050 ft²
SmallerTypical 1,270 ft²Bigger

Bigger than 30% of homes nearby

Lot size0.17 ac
SmallerTypical 0.19 acBigger

Bigger than 44% of homes nearby

Year built1986
OlderTypical 1954Newer

Newer than 81% of homes nearby

How 5840 Shallow Way ranks against every home in each area.
MeasureThis homeMidlothianRichmond 23224Richmond city County
Estimated valuepricier than$135,82625% of homes37% of homes15% of homes
Price per ft²pricier than$12959% of homes57% of homes24% of homes
Living areabigger than1,050 ft²29% of homes30% of homes19% of homes
Lot sizebigger than0.17 ac37% of homes44% of homes54% of homes
Year builtnewer than198650% of homes81% of homes85% of homes

About 5840 Shallow Way

How much is 5840 Shallow Way, Richmond, VA worth?

The TopHap Estimate for 5840 Shallow Way, Richmond, VA is $135,826 as of Jul 14, 2026. The likely range is $110,260 to $161,392. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 5840 Shallow Way, Richmond, VA last sell?

5840 Shallow Way, Richmond, VA last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 5840 Shallow Way, Richmond, VA?

5840 Shallow Way, Richmond, VA has 3 bedrooms, 2 bathrooms, 1,050 square feet of living space and a 0.17-acre lot.

When was 5840 Shallow Way, Richmond, VA built?

5840 Shallow Way, Richmond, VA was built in 1986, making it 40 years old. It is a ranch home. The building has 1 story.

What schools serve 5840 Shallow Way, Richmond, VA?

5840 Shallow Way, Richmond, VA is assigned to Miles J. Jones Elementary School (elementary), rated F; Huguenot High School (high), rated D-; River City 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 5840 Shallow Way, Richmond, VA compare to other homes in Richmond 23224?

Among the 9,343 homes in Richmond 23224, it is worth more than 37% of them ($135,826 against a typical $154,423), its price per square foot is higher than 57% of them ($129 against a typical $122), it is bigger than 30% of them (1,050 ft² against a typical 1,270 ft²), its lot is bigger than 44% of them (0.17 ac against a typical 0.19 ac) and it is newer than 81% of them (1986 against a typical 1954). Measured against all of Richmond city County, it is worth more than 15% 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 5840 Shallow Way, Richmond, VA?

The 2026 property tax bill for 5840 Shallow Way, Richmond, VA was $2,412. The county assessed it at $201,000.

Closest homes

More homes in Richmond 23224

Assigned schools

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