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1480 Railroad Ave, Midlothian, VA, 23113

3beds
1baths
816sqft
$125,000
$153price/sqft
$956/moest. monthly cost
$38,240/yrincome needed

About This Home

Having difficulty finding a lot to build your new home? Look no further. Check out this 1.35 acre parcel in the heart of Midlothian near Sycamore Square. Proximity to Route 288, tons of retail shopping, restaurants and top rated schools. Home has been vacant for several years; complete tear down. The value is in the land!

Getting Around

26
WalkingCar-Dependent
0
TransitVery Limited Transit
41
BikeSomewhat Bikeable

Schools

7/10
7/10
Midlothian Middle SchoolGrades 6-80.7 mi
9/10
Midlothian High SchoolGrades 9-121.0 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1920

Materials

  • Roof: Metal
  • Construction materials: Block,Plaster,Wood Siding

Type & Style

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

Interior

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Flooring: Wood
  • Attic: Access Only
  • Finished area below ground: 0
  • Finished area above ground: 816

Heating & Cooling

  • Heating features: Coal Stove,Wood
  • Cooling features: None

Interior Area

  • Total interior livable area: 816 sqft

Other

  • Level: First

Property

Details

  • Parcel number: 727710554600000
  • Zoning description: R7

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Exterior features: Unpaved Driveway
  • Fencing: None

Lot

  • Lot size: 1.35 Acres
  • Features: Buildable

Parking

  • Parking features: Driveway,Unpaved
  • 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

  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Winter Weather

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 $632$7,584
Home Insurance *$30$360
Property Taxes $92$1,104
Electricity $202$2,433
Total$956$11,472
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$32,777/yr
40% on housing$28,680/yr
45% on housing$25,493/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: 10.9%
10.9%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 2.0%
2.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$153This listing

vs Other Active Listings

Avg $/sqft

ZIP 23113$236
Chesterfield County$195

vs Homes Sold Last Month

Median $/sqft

ZIP 23113$240
Chesterfield County$207

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)

No zestimate history available

Price History

DateEventPrice
2026-02-11Listed for sale$150,000
2026-01-31Listing removed$200,000
2025-10-14Price change$200,000
2025-10-01Price change$224,950
2025-07-25Listed for sale$250,000

For Sale by Agent

AgentKelly Rivers
BrokerageUnited Real Estate Richmond

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