1708 Elsing Green Pl · Highland Springs, VA 23075

$284,500

4 bd · 2.5 ba · 1,554 sqft · SingleFamily public records · 9 Days on market

Built 1999 8,267 sqft lot $183/sqft · 8% below area Est $310k · 8% under

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +11.3/15.0
• Cash flow +10.1/30.0
• Schools +4.9/10.0
• Livability +3.6/5.0
• DSCR +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 1708 Elsing Green Place! Wonderful 4 bedroom, 2 fullbath Tri-Level in great neighborhood. New luxury vinyl plank flooring installed and fresh paint throughout the home. First floor features the kitchen, dining room and living room. Walk down to the huge basement with large family room, bedroom, half bath and laundry room. Primary bedroom on 2nd floor with private full bathroom that features new flooring, toilet and sink cabinet. There are an two additonal bedrooms along with another full bathroom with all new flooring, sink cabinet and toilet. Exterior siding has vinyl and brick along with vinyl replacement windows. This home won't last long!

Key facts

• Custom kitchen
• Huge basement
• Large family room

Tags

• CUSTOM KITCHEN
• STAINLESS STEEL DISHWASHER
• UPGRADED COUNTERTOPS
• HUGE BASEMENT
• LARGE FAMILY ROOM
• PRIVATE BATHROOM

Property features AI

Exterior

• Utilities: Public water; Public sewer
• Home design: 3-story property; Resale condition
• Construction: Brick, frame, and vinyl siding construction; Shingle roof; Below-grade finished area present
• Exterior features: Lot zoned RTH

Interior

• Bathrooms: Two full bathrooms; One half bathroom; Second-floor full bath with tub and shower
• Heating & cooling: Electric cooling; Forced air heating; Natural gas heating
• Interior features: Walk-out basement; Basement with finished area (lower level)

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $284k.

Deal economics

• At list price, monthly cash flow is $-167 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $255k (10.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $207k (27.1% below list).
• Recommended offer: $207k (27.1% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 72/100 on livability (#196 in VA) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment C-, amenities F, health & safety F.
• Henrico County Public School District (suburban): math 49% / reading 64% proficiency, ranked #68 of 131 in VA (top 52%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 63 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 1,826 units permitted in Henrico County in 2024 (785 in 5+ unit buildings).
• This rent runs 45% of the median local income ($56k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• Henrico County population projected at +21% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 12y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $207,359 (27.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.73% ✗
• Cap rate: 5.59%
• Cash-on-cash: -2.52%
• DSCR: 0.89
• GRM: 11.4

CMA / ARV

• ARV (median comp): $310,494
• List price: $284,500
• Delta: -8.37%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
223 Hodder Ln	0.32mi	3/2.0 (-1)	1,544 (-1%)	3mo	$202,000	$131	75
131 N Spruce Ave	0.34mi	3/3.0 (-1)	1,579 (+2%)	2mo	$335,000	$212	72
107 Quince	0.45mi	3/2.0 (-1)	1,568 (+1%)	2mo	$343,500	$219	69
300 Carlstone Dr	0.54mi	3/2.0 (-1)	1,544 (-1%)	6mo	$297,000	$192	62
5 N Oak Ave	0.56mi	3/1.0 (-1)	1,524 (-2%)	1mo	$260,000	$171	59
202 W Mcclellan St	0.60mi	4/2.0	1,492 (-4%)	9mo	$299,950	$201	56
213 Meroyn Dr	0.72mi	3/2.0 (-1)	1,568 (+1%)	7mo	$340,000	$217	52
1649 Meadow Rd	0.62mi	3/1.0 (-1)	1,464 (-6%)	5mo	$315,000	$215	46
107 N Linden Ave	0.70mi	3/1.5 (-1)	1,406 (-10%)	0mo	$315,000	$224	42
500 Highland Dr	0.70mi	3/1.0 (-1)	1,403 (-10%)	1mo	$260,000	$185	39
219 Stuttaford Dr	0.67mi	3/1.5 (-1)	1,340 (-14%)	1mo	$308,000	$230	36
227 N Linden Ave	0.74mi	4/2.0	1,346 (-13%)	8mo	$285,000	$212	34

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -20.5%
• Equity multiple: 0.29×
• Total profit: $-56,805
• Equity at exit: $42,420

10-year hold

• IRR: -13.8%
• Equity multiple: 0.20×
• Total profit: $-63,434
• Equity at exit: $24,598

Cash invested: $79,660 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 55 Moderately Landlord-Leaning
• State Virginia: 55 Moderately Landlord-Leaning · D+2
• County: — inherits STATE
• City: — inherits STATE

VRLTA gives some tenant protections; Northern Virginia courts slower; rural VA landlord-leaning.

Methodology + full state rankings →

ZIP-level market 23075

• Home prices YoY: -13.6%
• Active inventory: 63
• Price-to-rent: 11.4×

Monthly cashflow live

• Estimated rent: $2,074 high
• Mortgage (P&I): −$1,492
• Tax from tax record: −$195 /mo · $2,336/yr
• Insurance: −$119
• HOA: −$0
• Vacancy / Maint / Mgmt: −$435
• Net cashflow: $-167

Break-even live

Break-even rent $2,285

Max offer price $255,001

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $71,125
• Closing costs: $8,535
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
419 Roxana Rd Henrico, VA	3.0	1.5	1085	$2,050	$1.89	3d	1	0.21mi
118 N Linden Ave Henrico, VA	3.0	1.5	1080	$1,795	$1.66	43d	1	0.75mi
339 E Jerald St Henrico, VA	3.0	1.5	1160	$1,950	$1.68	43d	1	0.92mi
2230 E Nine Mile Rd Sandston, VA	4.0	1.5	1400	$1,795	$1.28	43d	1	1.21mi
205 Bridge St Henrico, VA	3.0	2.0	1242	$1,850	$1.49	10d	1	1.32mi
29 Wootton Rd Sandston, VA	3.0	1.0	1088	$1,750	$1.61	3d	1	1.45mi

Listing history 13 events

1. 2026-05-12
   status Pending 660-char remark
2. 2026-05-03
   listed $284,500 Active 660-char remark
3. 2023-06-22
   soldstatus $294,000
4. 2023-06-21
   soldstatus $294,000 Closed 662-char remark

   Show marketing remark (662 chars)

   Welcome to 1708 Elsing Green Place! Wonderful 4 bedroom, 2 fullbath Tri-Level in great neighborhood. New luxury vinyl plank flooring installed and fresh paint throughout the home. First floor features the kitchen, dining room and living room. Walk down to the huge basement with large family room, bedroom, half bath and laundry room. Primary bedroom on 2nd floor with private full bathroom that features new flooring, toilet and sink cabinet. There are an two additonal bedrooms along with another full bathroom with all new flooring, sink cabinet and toilet. Exterior siding has vinyl and brick along with vinyl replacement windows. This home won't last long!

5. 2023-05-22
   status Pending 662-char remark

   Show marketing remark (662 chars)

   Welcome to 1708 Elsing Green Place! Wonderful 4 bedroom, 2 fullbath Tri-Level in great neighborhood. New luxury vinyl plank flooring installed and fresh paint throughout the home. First floor features the kitchen, dining room and living room. Walk down to the huge basement with large family room, bedroom, half bath and laundry room. Primary bedroom on 2nd floor with private full bathroom that features new flooring, toilet and sink cabinet. There are an two additonal bedrooms along with another full bathroom with all new flooring, sink cabinet and toilet. Exterior siding has vinyl and brick along with vinyl replacement windows. This home won't last long!

6. 2023-05-20
   status Active 662-char remark

   Show marketing remark (662 chars)

   Welcome to 1708 Elsing Green Place! Wonderful 4 bedroom, 2 fullbath Tri-Level in great neighborhood. New luxury vinyl plank flooring installed and fresh paint throughout the home. First floor features the kitchen, dining room and living room. Walk down to the huge basement with large family room, bedroom, half bath and laundry room. Primary bedroom on 2nd floor with private full bathroom that features new flooring, toilet and sink cabinet. There are an two additonal bedrooms along with another full bathroom with all new flooring, sink cabinet and toilet. Exterior siding has vinyl and brick along with vinyl replacement windows. This home won't last long!

7. 2023-05-15
   status Pending 662-char remark

   Show marketing remark (662 chars)

   Welcome to 1708 Elsing Green Place! Wonderful 4 bedroom, 2 fullbath Tri-Level in great neighborhood. New luxury vinyl plank flooring installed and fresh paint throughout the home. First floor features the kitchen, dining room and living room. Walk down to the huge basement with large family room, bedroom, half bath and laundry room. Primary bedroom on 2nd floor with private full bathroom that features new flooring, toilet and sink cabinet. There are an two additonal bedrooms along with another full bathroom with all new flooring, sink cabinet and toilet. Exterior siding has vinyl and brick along with vinyl replacement windows. This home won't last long!

8. 2023-05-10
   listed $285,000 Active 662-char remark

   Show marketing remark (662 chars)

   Welcome to 1708 Elsing Green Place! Wonderful 4 bedroom, 2 fullbath Tri-Level in great neighborhood. New luxury vinyl plank flooring installed and fresh paint throughout the home. First floor features the kitchen, dining room and living room. Walk down to the huge basement with large family room, bedroom, half bath and laundry room. Primary bedroom on 2nd floor with private full bathroom that features new flooring, toilet and sink cabinet. There are an two additonal bedrooms along with another full bathroom with all new flooring, sink cabinet and toilet. Exterior siding has vinyl and brick along with vinyl replacement windows. This home won't last long!

9. 2019-05-23
   soldstatus $190,000
10. 2014-04-28
    soldstatus $108,000
11. 2014-04-25
    soldstatus $108,000

    Show marketing remark (143 chars)

    Built in 1999 this large tri-level home has 4 bedrooms and 2.5 bathrooms. Ground floor level has a bedroom and family room. Home is sold as is.

12. 2014-03-26
    historical

    Show marketing remark (143 chars)

    Built in 1999 this large tri-level home has 4 bedrooms and 2.5 bathrooms. Ground floor level has a bedroom and family room. Home is sold as is.

13. 2014-01-29
    listed $113,000

    Show marketing remark (143 chars)

    Built in 1999 this large tri-level home has 4 bedrooms and 2.5 bathrooms. Ground floor level has a bedroom and family room. Home is sold as is.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast VA · Resets to sale price

• Current annual tax: $2,336 · $195/mo
• Projected year-2 tax: $2,336 · $195/mo
• Expected delta: $0/yr ($0/mo · -0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 7/10 Severe 7 d/yr ≥106°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,883
• − Mortgage interest: −$15,936
• − Property taxes: −$2,336
• − Insurance: −$1,422
• − Repairs & maintenance: −$1,991
• − Management: −$1,991
• − Depreciation: −$8,276
• Taxable loss: −$7,069
• Est. tax savings @ 24.0%: +$1,697
• After-tax cash flow: $-307/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Henrico County Public School District
• NCES district ID: 5101890
• Math proficiency: 49% ▼ -32.00%
• Reading proficiency: 64% ▼ -12.00%
• Median HH income: $61,854
• Composite: 49.25/100
• National rank: #2031
• State rank: #68 of 131 in VA

Livability — Highland Springs

• Score: 72/100
• State rank: #196
• US rank: #6085

Category grades

Amenities F Commute A+ Cost of living A+ Crime C Employment C- Housing A+ Health & safety F User ratings D+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Highland Springs, VA
• County: Henrico County · 334,490 people
• City population: 8,347
• Metro: Richmond, VA
• Population (ZIP): 8,347
• Household income: $55,567
• Rent vs Own: 35.3% rent · 64.7% own
• Severe rent burden: 283.0

Population outlook (Henrico County) Hauer SSP2

• Today (2025): 365,885 people
• By 2030: 384,255 · +5.0%
• By 2040: 416,688 · +13.9%
• By 2050: 442,376 · +20.9%
• By 2075: 488,037 · +33.4%
• By 2100: 487,430 · +33.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Black (62%)
• Race & ethnicity: Black 62% White 29% Two or more races 6% Hispanic / Latino 2%
• Common ancestry: Slovak 2% Lithuanian 1% Romanian 1%
• Foreign-born: 7% · Canada
• Languages at home: 97% English-only · French/Haitian/Cajun 2% Spanish 1%

Political lean MEDSL · Henrico

• 2024 margin: Strong D (+28.9) · D 63.7% · R 34.8% · Other 1.5%
• 2008→2024 swing: +16.6pp toward D · 2008: 12.2pp · 2024: 28.9pp
• All cycles: 2024: D+28.9 2020: D+29.0 2016: D+21.0 2012: D+11.7 2008: D+12.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -72.15%
• Current HPI: 458.732
• Rent YoY: —
• Metro: Richmond, VA
• State GDP YoY: ▲ 2.40%
• F500 in state: 50

Industry mix (Fortune 500 HQ in VA)

Industry	F500 HQs	Revenue
▸Aerospace / Defense	4	$236B
▸Technology / Defense	3	$32B
▸Financial Services	2	$176B
▸Utilities	2	$27B
▸Insurance	2	$25B
▸Technology	2	$15B

Price history

+151.8% since first listed

13 events — show timeline

• 2026-05-12 Pending — CVRMLS
• 2026-05-03 Listed $284,500 CVRMLS
• 2023-06-22 Sold (Public Records) $294,000 Public Records
• 2023-06-21 Sold (MLS) $294,000 CVRMLS
• 2023-05-22 Pending — CVRMLS
• 2023-05-20 Relisted — CVRMLS
• 2023-05-15 Pending — CVRMLS
• 2023-05-10 Listed $285,000 CVRMLS
• 2019-05-23 Sold (Public Records) $190,000 Public Records
• 2014-04-28 Sold (Public Records) $108,000 Public Records
• 2014-04-25 Sold (MLS) $108,000 CVRMLS
• 2014-03-26 Listing Removed — CVRMLS
• 2014-01-29 Listed $113,000 CVRMLS

Property tax history

+7.0%/yr

Latest (2025): $2,336 · +1.3% YoY. Source: county tax records.