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3918 Peyton Ave, Richmond, VA, 23224

4beds
2baths
1,491sqft
$319,000
$214price/sqft
$2,292/moest. monthly cost
$91,680/yrincome needed

About This Home

Pride of ownership shows in every corner. Offered for the first time since 1968, this Richmond Cape has been carefully maintained by the same owners for nearly six decades — and it shows the moment you step inside. Four bedrooms and two full baths, anchored by a formal living room and a large eat-in kitchen. Two bedrooms and two full baths on the main level, two more bedrooms upstairs. A late-1990s addition created the generous family room and the second oversized full bath. The HVAC and water heater are approximately 1 year old, Roof is approximately 18 years old and in good condition. The electrical system was fully upgraded several years ago. This home is clean, solid, and move-in ready, with room to add your own updates over time and build equity as you go. Outside, a large front yard and a fully fenced back yard with a tool shed/workshop wired for electricity. Off-street parking for several vehicles is accessible from a well-kept alley at the rear. The location is a standout. A new walking trail leads directly to Forest Hill Park — 105 acres of shaded trails, a pond, open lawns, the historic Stone House, and the South of the James Farmers Market on Saturday mornings. The new $140 million Richmond High School for the Arts is opening just down the road on the former George Wythe campus. Quick access to Chippenham Parkway, Powhite Parkway, Midlothian Turnpike and I-95 puts downtown Richmond about 10 minutes away, with Chesterfield, Carytown and the Fan close by. Dining and drinks nearby include Little Nickel, Y Tu Mama and The Veil Brewing, Vasen Brewing's Forest Hill taproom, Riverside Tavern, and Maldini's, with the Manchester restaurant scene just across the tracks. Priced below recent area comparables. Homes cared for like this one do not come along often.

Getting Around

35
WalkingCar-Dependent
46
TransitSome Transit
48
BikeSomewhat Bikeable

Schools

3/10
1/10
River City MiddleGrades 6-82.5 mi

Construction

Condition

  • Property condition: Resale
  • Year built: 1946

Materials

  • Roof: Composition
  • Construction materials: Aluminum Siding,Frame

Type & Style

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

Interior

Appliances

  • Appliances included: Electric Water Heater

Bedroom2

  • Level: First

Bedroom3

  • Level: Second

Bedroom4

  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Level: First

Family Room

  • Level: First

Features

  • Main Level Primary
  • Flooring: Linoleum,Partially Carpeted,Wood
  • Attic: Access Only
  • Finished area below ground: 0
  • Finished area above ground: 1,491

Heating & Cooling

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

Interior Area

  • Total interior livable area: 1,491 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Master Bedroom

  • Level: First

Other

  • Level: First

Property

Details

  • Parcel number: S0043330108
  • Zoning description: R-5

Features

  • Levels: One and One Half
  • Stories: 1
  • Pool features: None
  • Patio & porch: Screened,Side Porch
  • Fencing: Back Yard,Chain Link,Fenced

Lot

  • Lot size: 6,760 sqft

Parking

  • Parking features: Off Street

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

  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Heat Wave

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 $1,613$19,356
Home Insurance *$161$1,932
Property Taxes $316$3,792
Electricity $202$2,433
Total$2,292$27,504
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$78,582/yr
40% on housing$68,760/yr
45% on housing$61,120/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

$214This listing

vs Other Active Listings

Avg $/sqft

ZIP 23224$140
Richmond City$217

vs Homes Sold Last Month

Median $/sqft

ZIP 23224$200
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
2026-07-31Listed for sale$319,000

For Sale by Agent

AgentLauri Giles
BrokerageEXP Realty LLC

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