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501 Pelham Dr, Richmond, VA, 23222

2beds
2baths
760sqft
$275,000
$362price/sqft
$1,982/moest. monthly cost
$79,280/yrincome needed

About This Home

Welcome to this beautifully maintained home offering two bedrooms and one and a half bathrooms. The fully renovated kitchen is a standout, boasting newer stainless steel appliances, granite countertops, a gas stove, and a center island — perfect for cooking and entertaining. A convenient in-unit laundry room with a stackable washer and dryer adds everyday ease, while the whole-home central vacuum system is a rare and appreciated bonus. Retreat to the spacious suite, complete with a luxurious in-suite bath featuring a soaking tub, separate shower, and double vanity, plus a generous walk-in closet. Flexible parking is available both in front of and behind the home. Please verify schools

Getting Around

39
WalkingCar-Dependent
42
TransitSome Transit
46
BikeSomewhat Bikeable

Schools

--
6/10
John Marshall High SchoolGrades 9-122.1 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1941

Materials

  • Roof: Composition,Shingle
  • Construction materials: Brick,Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Dryer,Dishwasher,Gas Cooking,Gas Water Heater,Microwave,Refrigerator,Tankless Water Heater,Washer

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 1
  • 1/2 bathrooms: 1

Features

  • Ceiling Fan(s),Granite Counters,Kitchen Island,Bath in Primary Bedroom,Walk-In Closet(s),Central Vacuum
  • Flooring: Laminate,Tile,Wood
  • Attic: Walk-up
  • Finished area below ground: 0
  • Finished area above ground: 760

Half Bath

  • Level: First

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air,Electric

Interior Area

  • Total interior livable area: 760 sqft

Other

  • Level: First

Property

Details

  • Parcel number: N0000709045

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Patio & porch: Front Porch
  • Exterior features: Storage,Shed,Unpaved Driveway
  • Fencing: None

Lot

  • Lot size: 9,090 sqft

Parking

  • Parking features: Alley Access,Driveway,Off Street,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

No climate risk data available.

How This Home’s Risks Compare

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 $1,390$16,680
Home Insurance *$118$1,416
Property Taxes $272$3,264
Electricity $202$2,433
Total$1,982$23,784
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$67,954/yr
40% on housing$59,460/yr
45% on housing$52,853/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: 8.7%
8.7%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 7.8%
7.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$362This listing

vs Other Active Listings

Avg $/sqft

ZIP 23222$160
Richmond City$217

vs Homes Sold Last Month

Median $/sqft

ZIP 23222$203
Richmond City$226

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

DateEventPrice
2026-07-24Listed for sale$275,000
2026-06-22Listing removed$1,800
2026-05-31Listed for rent$1,800
2019-01-31Sold$34,500
2018-04-10Sold$32,000
2018-04-06Listed for sale$40,000
2010-04-08Sold$32,000
2009-05-02Listing removed$49,000
2008-12-31Listed for sale$49,000
2005-05-31Sold$85,000

For Sale by Agent

AgentCarolina Rinck
BrokerageLong & Foster REALTORS

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