For SaleNeutral Deal92 days on market
223 Lomax Ave
223 Lomax Ave, South Boston, VA 24592, South Boston, VA 24592
$168,000
Estimate®:$165,700
Listing Price
223 Lomax Ave, South Boston, VA 24592
Loc: South Boston, VA
Days Listed
92
Tax Assessed
$59k
Estimate®
$166k
Market Rate
Lot Size
0.40 acres
Rent Estimate
$1,391/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
2 mi away
5
Halifax County Middle School
6-8
1.8 mi away
3
Halifax County High School
9-12
2.3 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 stylesingle-storyvinyl sidingwhite exteriorgable roofshingle roofcovered porchgravel drivewaylarge front yardsuburbanmodestresidentialshutters
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.65%
Total ROI
103.3%
Cash Flow
$59/mo
DSCR
1.07
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $59/mo net cash flow with a 6.7% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.7%)
- • Strong rental demand in South Boston
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 |
|---|---|---|---|
| 2026-06-25 | Listed for sale | $168,000 | $175 |
| 2015-02-02 | Sold | $3,500 | $4 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $297.45 | $59,490 |
| 2024 | $297.45 | $59,490 |
| 2023 | $287.86 | $57,572 |
| 2022 | $287.86 | $57,572 |
| 2021 | $287.86 | $57,572 |
| 2020 | $287.86 | $57,572 |
| 2019 | $282.86 | $56,572 |
| 2018 | $271.55 | $56,572 |
| 2016 | $148.97 | $31,035 |
| 2015 | $21.16 | $4,600 |
| 2014 | $21.16 | $4,600 |
| 2013 | $20.7 | $4,600 |
| 2012 | $2.07 | $4,600 |
| 2010 | $19.78 | $4,600 |
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