For SaleNeutral Deal9 days on market
851 E Bank St
851 E Bank St, Petersburg, VA 23803, Petersburg, VA 23803
$294,950
Estimate®:$294,800
Listing Price
851 E Bank St, Petersburg, VA 23803
Loc: Petersburg, VA
Days Listed
9
Tax Assessed
$6k
Estimate®
$295k
Market Rate
Lot Size
2,592 sqft
Rent Estimate
$2,191/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
Lakemont Elementary
K-5
1 mi away
1
Vernon Johns Middle School
6-8
3.3 mi away
2
Petersburg High School
9-12
3.4 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
moderntwo-storyvertical sidingcontrasting color schemenew constructionminimalistasymmetrical facadelarge windowsfront yardconcrete walkwayasphalt drivewaywood fencesuburban
Haven AI Verdict
Recommendation
Neutral
Confidence Score: 4/10
Exercise caution due to potential market volatility.
Cap Rate
6.44%
Total ROI
98.9%
Cash Flow
$53/mo
DSCR
1.03
Was this AI Verdict accurate?
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $53/mo net cash flow with a 6.4% cap rate. Underwriting indicates neutral fundamentals for long-term hold.
Strengths
- • Favorable cap rate profile (6.4%)
- • 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 |
|---|---|---|---|
| 2026-09-18 | Listed for sale | $294,950 | $212 |
| 2026-09-17 | Listing removed | $289,500 | $208 |
| 2026-07-10 | Listed for sale | $289,500 | $208 |
| 2026-07-01 | Listing removed | $289,500 | $208 |
| 2026-06-25 | Price change | $289,500 | $208 |
| 2026-05-01 | Listed for sale | $285,000 | $205 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $69.85 | $5,500 |
| 2024 | $69.85 | $5,500 |
| 2023 | $69.85 | $5,500 |
| 2022 | $74.25 | $5,500 |
| 2021 | $0 | $5,400 |
| 2020 | $0 | $5,400 |
| 2018 | $72.9 | $5,400 |
| 2016 | $72.9 | $0 |
| 2015 | $72.9 | $0 |
| 2014 | $72.9 | $0 |
Similar Properties Nearby
Explore other investment opportunities in Petersburg.