Off MarketGood Deal3 days on market
924 Lee Ave
924 Lee Ave, Petersburg, VA 23803, Petersburg, VA 23803
$255,000
Estimate®:$280,300$25,300 Under Market
Listing Price
924 Lee Ave, Petersburg, VA 23803
Loc: Petersburg, VA
Days Listed
3
Tax Assessed
$249k
Estimate®
$280k
9% Under Valued
Lot Size
7,048 sqft
Rent Estimate
$2,463/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.
1
Cool Spring Elementary
K-5
0.9 mi away
1
Vernon Johns Middle School
6-8
2.4 mi away
2
Petersburg High School
9-12
2.4 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
traditionalcolonial-revivaltwo-storygray-sidinglight-blue-front-doorarched-windowsymmetrical-facadeconcrete-stairslarge-front-yardmature-treesresidentialcurb-appealgable-roof
Haven AI Verdict
Recommendation
Good
Confidence Score: 7/10
Strong rental demand expected in this area (98% occupancy rate).
Turnkey property requiring minimal initial CapEx.
Cap Rate
7.65%
Total ROI
125.2%
Cash Flow
$303/mo
DSCR
1.23
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $303/mo net cash flow with a 7.7% cap rate. Underwriting indicates good fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (7.7%)
- • Strong rental demand in Petersburg
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 |
|---|---|---|---|
| 2026-09-21 | Listing removed | $1,795 | $1 |
| 2026-09-11 | Listed for rent | $1,795 | $1 |
| 2025-09-06 | Listing removed | $1,795 | $1 |
| 2025-09-02 | Listed for rent | $1,795 | $1 |
| 2025-08-31 | Listing removed | $235,000 | $100 |
| 2025-08-04 | Price change | $235,000 | $100 |
| 2025-07-23 | Price change | $245,000 | $105 |
| 2025-07-07 | Price change | $250,000 | $107 |
| 2025-06-12 | Listed for sale | $260,000 | $111 |
| 2025-06-04 | Listing removed | $2,095 | $1 |
| 2025-05-07 | Price change | $2,095 | $1 |
| 2025-03-04 | Listed for rent | $2,000 | $1 |
| 2024-01-24 | Listing removed | $0 | – |
| 2024-01-03 | Listed for rent | $2,000 | $1 |
| 2024-01-01 | Listing removed | $0 | – |
| 2023-11-06 | Price change | $253,000 | $108 |
| 2023-09-26 | Price change | $258,000 | $110 |
| 2023-09-14 | Price change | $264,900 | $113 |
| 2023-08-26 | Listed for sale | $265,000 | $113 |
| 2022-05-23 | Sold | $232,000 | $99 |
| 2022-04-20 | Pending sale | $229,950 | $98 |
| 2022-04-12 | Listed for sale | $229,950 | $98 |
| 2022-03-27 | Pending sale | $229,950 | $98 |
| 2022-03-10 | Listed for sale | $229,950 | $98 |
| 2021-09-02 | Listing removed | $0 | – |
| 2021-08-26 | Listed for sale | $29,900 | $13 |
| 2017-09-29 | Sold | $17,000 | $7 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $3,162.3 | $249,000 |
| 2024 | $3,162.3 | $249,000 |
| 2023 | $2,674.62 | $210,600 |
| 2022 | $2,843.1 | $210,600 |
| 2021 | $0 | $107,800 |
| 2020 | $0 | $107,800 |
| 2018 | $1,455.3 | $107,800 |
| 2016 | $1,455.3 | $0 |
| 2015 | $1,455.3 | $0 |
| 2014 | $1,455.3 | $0 |
| 2013 | $1,455.3 | $0 |
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