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508 W 2nd Ave, Franklin, VA, 23851

3beds
2baths
1,700sqft
$175,000
$103price/sqft
$1,335/moest. monthly cost
$53,400/yrincome needed

About This Home

If you're looking for a beautiful home that blends character and charm, you've come to the right place. Located in the heart of Franklin, this 3 bedroom home features hardwood flooring throughout. Built in 1900 and well maintained to preserve the history of the home. Bonus room currently utilized as an office offers a great flex space. Fenced in backyard with a shed for additional storage.

Getting Around

64
WalkingSomewhat Walkable
0
TransitVery Limited Transit
40
BikeSomewhat Bikeable

Schools

2/10
2/10
Franklin High SchoolGrades 8-121.6 mi

Construction

Condition

  • Year built: 1900

Materials

  • Roof: Metal
  • Construction materials: Aluminum Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Electric Range,Refrigerator,Electric Water Heater
  • Laundry features: Dryer Hookup,Washer Hookup

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Bar,Ceiling Fan(s)
  • Flooring: Vinyl,Wood
  • Attic: Scuttle

Heating & Cooling

  • Heating features: Heat Pump
  • Cooling features: Heat Pump,Wall/Window Unit(s)

Interior Area

  • Total interior livable area: 1,700 sqft

Property

Details

  • Parcel number: 122063A84A
  • Zoning: R2

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Patio & porch: Deck,Porch
  • Fencing: Back Yard,Fenced
  • Waterfront features: Not Waterfront

Parking

  • Parking features: On Street
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Hurricane
    HurricaneRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Hurricane
Winter Weather
Heat Wave
Inland Flooding
Ice Storm
Lightning
Strong Wind
Tornado

FEMA Declared Disasters Across Virginia Counties

Severe Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $884$10,608
Home Insurance *$97$1,164
Property Taxes $152$1,824
Electricity $202$2,433
Total$1,335$16,020
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$45,771/yr
40% on housing$40,050/yr
45% on housing$35,600/yr

Virginia FAIR Plan Programs

Virginia Property Insurance Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 22,622Commercial: 503
Total Premiums$20.86M
Total Exposure$4.29B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 5.4%
5.4%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 5.3%
5.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$103This listing

vs Other Active Listings

Avg $/sqft

ZIP 23851$90
Franklin City$107

vs Homes Sold Last Month

Median $/sqft

ZIP 23851$154
Franklin City$131

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

No price history available

For Sale by Agent

AgentKerrie Obbink
BrokerageIron Valley Real Estate HR

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