For SaleRisky Deal13 days on market
205 Merritt St
205 Merritt St, South Boston, VA 24592, South Boston, VA 24592
$318,000
Estimate®:$310,400
Listing Price
205 Merritt St, South Boston, VA 24592
Loc: South Boston, VA
Days Listed
13
Tax Assessed
$167k
Estimate®
$310k
Market Rate
Lot Size
0.29 acres
Rent Estimate
$1,780/mo
Est. Cash Flow base
Type
single family
More Than Just a Property
We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.
4.9
Safety Score
A+
Schools
Nearby Schools
Educational options and performance ratings in the area.
4
South Boston Elementary School
K-5
1.2 mi away
5
Halifax County Middle School
6-8
0.5 mi away
3
Halifax County High School
9-12
0.2 mi away
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
ranch-style housebrick exteriorsingle-storytraditionalspacious front yardshingle rooflandscaped shrubsconcrete walkwayshutterscozy aestheticsuburbanmid-century influencechimney
Haven AI Verdict
Recommendation
Risky
Confidence Score: 1/10
Exercise caution due to potential market volatility.
Cap Rate
4.36%
Total ROI
53.7%
Cash Flow
$-493/mo
DSCR
0.70
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-493/mo net cash flow with a 4.4% cap rate. Underwriting indicates risky fundamentals for long-term hold.
Strengths
- • Prime residential location in South Boston, VA
- • Long-term capital appreciation corridor
Considerations
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-11 | Listed for sale | $318,000 | $150 |
| 2020-09-09 | Sold | $165,000 | $78 |
| 2020-07-21 | Pending sale | $179,900 | $85 |
| 2020-07-02 | Listed for sale | $179,900 | $85 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $833.46 | $166,691 |
| 2024 | $833.46 | $166,691 |
| 2023 | $825.21 | $165,042 |
| 2022 | $825.21 | $165,042 |
| 2021 | $807.26 | $161,452 |
| 2020 | $693.45 | $138,689 |
| 2019 | $692.63 | $138,525 |
| 2018 | $664.92 | $138,525 |
| 2016 | $682.83 | $142,256 |
| 2015 | $654.38 | $142,256 |
| 2014 | $654.38 | $142,256 |
| 2013 | $655.74 | $145,719 |
| 2012 | $655.74 | $145,719 |
| 2010 | $672.73 | $156,449 |
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