207 N 14th Ave · Hopewell, VA 23860

$170,500

3 bd · 2.0 ba · 1,740 sqft · SingleFamily public records · 119 Days on market

Built 1946 4,599 sqft lot $98/sqft · 33% below area Est $223k · 24% under

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Why this score? — see what drove the C- 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).

• Cash flow +15.2/30.0
• ARV discount +15.0/15.0
• DSCR +4.7/10.0
• Rent growth +4.7/5.0
• 1% rule +4.6/10.0
• Livability +3.5/5.0
• Schools +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

HUD Case #544-349244 IE (Insured w/ Escrow) Subject to appraisal. Buyer's appraiser to have final determination and insurability and escrow amount. Check out this centrally located bungalow in Hopewell! The primary bedroom is located on the first floor, with two additional bedrooms and a full bath upstairs. The open living area flows into the kitchen, offering plenty of space for entertaining. The first floor also features two additional rooms with some possibilities—perfect for a home office, exercise room, playroom, or extra storage. This home was renovated in 2022, featuring vinyl siding, new windows, roof, and gutters, along with a kitchen complete with granite countertops and stainless steel appliances. Both bathrooms were updated with new tile, vanities, toilets, and lighting. Conveniently located near I-295 with easy access to shopping and local amenities.

Key facts

• Open living area
• Renovated in 2022
• Updated bathrooms

Tags

• OPEN LIVING AREA
• RENOVATED IN 2022
• VINYL SIDING
• NEW WINDOWS
• STAINLESS STEEL APPLIANCES
• UPDATED BATHROOMS

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $60 ($718/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $163k (4.3% below list).
• Recommended offer: $155k (9.0% below list) — sets the bar for market timing.
• Cap rate 6.7% vs local median 4.2% in Hopewell — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 70/100 on livability (#224 in VA) — a middle-class / working-renter tenant base. Strengths: cost of living A+, health & safety A+, schools A-; Watch: crime D+, amenities F, commute F.
• Hopewell City Public School District (suburban): math 23% / reading 49% proficiency, ranked #129 of 131 in VA (top 98%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+8.9%/yr); 228 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); 42 units permitted in Hopewell city in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($62k/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 $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.
• Hopewell County population projected to shrink 7% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

• It's been on market 119 days — a 9% lower offer ($155k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 24y ago; this cycle's ask has dropped $40k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1946 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 40% 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 $155,155 (9.0% below list)

Questions for the listing agent

1. It's been on market 119 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1946 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. 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.
8. 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.
9. 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: 0.96% ✗
• Cap rate: 6.71%
• Cash-on-cash: 1.50%
• DSCR: 1.07
• GRM: 8.7

CMA / ARV

• ARV (median comp): $223,459
• List price: $170,500
• Delta: -23.70%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
118 N 15th Ave	0.09mi	3/2.0	1,816 (+4%)	7mo	$225,000	$124	83
106 Sherwood Dr	0.49mi	3/2.0	1,713 (-2%)	13mo	$294,000	$172	64
411 N 8th Ave	0.37mi	3/2.0	1,648 (-5%)	12mo	$200,000	$121	64
1715 W City Point Rd	0.25mi	4/1.5 (+1)	1,528 (-12%)	3mo	$230,000	$151	59
204 Crescent Ave	0.73mi	3/2.0	1,659 (-5%)	1mo	$388,500	$234	58
408 N 3rd Ave	0.58mi	4/2.0 (+1)	1,718 (-1%)	11mo	$225,000	$131	57
2209 Pickett St	0.61mi	3/2.0	1,613 (-7%)	3mo	$200,000	$124	56
2313 Gordon St	0.60mi	4/2.0 (+1)	1,654 (-5%)	3mo	$275,000	$166	56
205 Brooklawn Ave	0.41mi	4/2.0 (+1)	1,608 (-8%)	10mo	$279,000	$174	55
205 S 4th Ave	0.49mi	3/1.5	1,536 (-12%)	12mo	$232,000	$151	46
206 Crescent Ave	0.73mi	3/1.5	1,874 (+8%)	8mo	$255,000	$136	45
2600 Jackson St	0.62mi	4/2.5 (+1)	1,983 (+14%)	4mo	$296,950	$150	38

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -8.2%
• Equity multiple: 0.68×
• Total profit: $-15,139
• Equity at exit: $25,422

10-year hold

• IRR: 7.0%
• Equity multiple: 1.65×
• Total profit: $31,200
• Equity at exit: $14,742

Cash invested: $47,740 (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 23860

• Home prices YoY: -22.0%
• Rents YoY: 8.9%
• Active inventory: 228
• Price-to-rent: 8.7×

Monthly cashflow live

• Estimated rent: $1,632 high
• Mortgage (P&I): −$894
• Tax from tax record: −$264 /mo · $3,170/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$343
• Net cashflow: $60

Break-even live

Break-even rent $1,556

Max offer price $170,500

Occupancy floor 91%

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: $42,625
• Closing costs: $5,115
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1208 W Broadway Hopewell, VA	3.0	1.0	1200	$1,495	$1.25	15d	1	0.08mi
305 S 9th Ave Hopewell, VA	4.0	1.0	1056	$1,599	$1.51	3d	1	0.40mi
508 N 7th Ave Hopewell, VA	4.0	1.0	1183	$1,599	$1.35	1d	1	0.41mi
404 N 4th Ave Hopewell, VA	3.0	1.0	1132	$1,495	$1.32	43d	1	0.47mi
310 Woodbine St Hopewell, VA	1.0–3.0	1.0–1.5	800	$1,534	$1.92	1d	3	0.48mi
460 Highland Ave Hopewell, VA	3.0	1.0	1212	$1,700	$1.40	19d	1	0.69mi
522 S 22nd Ave Hopewell, VA	3.0	2.0	1368	$1,800	$1.32	23d	1	0.83mi
552 S 22nd Ave Hopewell, VA	3.0	2.0	1368	$1,800	$1.32	23d	1	0.83mi
311 E Cawson St Hopewell, VA	2.0–3.0	1.0	978	$2,154	$2.20	1d	9	0.85mi
221 S Mesa Dr Hopewell, VA	3.0	1.0	1152	$1,300	$1.13	23d	1	0.94mi
525 E Cawson St Hopewell, VA	4.0	2.0	1411	$1,791	$1.27	10d	1	1.09mi
2303 Maclin Cir Hopewell, VA	3.0	2.0	1150	$1,499	$1.30	3d	1	1.10mi
15508 Richmond St Chester, VA	3.0	2.5	1595	$2,650	$1.66	10d	1	1.26mi
2958 Winston Churchill Dr Hopewell, VA	3.0	2.0	1576	$1,795	$1.14	23d	1	1.47mi
3200 Saint Charles St Hopewell, VA	3.0	1.5	1272	$1,595	$1.25	43d	1	1.49mi

Listing history 39 events

1. 2026-06-07
   statusdays on market $170,500 Pending 119 DOM
2. 2026-06-03
   days on market $170,500 Active 118 DOM
3. 2026-06-02
   days on market $170,500 Active 117 DOM
4. 2026-06-01
   days on market $170,500 Active 116 DOM
5. 2026-05-31
   days on market $170,500 Active 115 DOM
6. 2026-05-06
   price $170,500 881-char remark

   Show marketing remark (881 chars)

   HUD Case #544-349244 IE (Insured w/ Escrow) Subject to appraisal. Buyer's appraiser to have final determination and insurability and escrow amount. Check out this centrally located bungalow in Hopewell! The primary bedroom is located on the first floor, with two additional bedrooms and a full bath upstairs. The open living area flows into the kitchen, offering plenty of space for entertaining. The first floor also features two additional rooms with some possibilities—perfect for a home office, exercise room, playroom, or extra storage. This home was renovated in 2022, featuring vinyl siding, new windows, roof, and gutters, along with a kitchen complete with granite countertops and stainless steel appliances. Both bathrooms were updated with new tile, vanities, toilets, and lighting. Conveniently located near I-295 with easy access to shopping and local amenities.

7. 2026-04-07
   price $189,000 881-char remark

   Show marketing remark (881 chars)

   HUD Case #544-349244 IE (Insured w/ Escrow) Subject to appraisal. Buyer's appraiser to have final determination and insurability and escrow amount. Check out this centrally located bungalow in Hopewell! The primary bedroom is located on the first floor, with two additional bedrooms and a full bath upstairs. The open living area flows into the kitchen, offering plenty of space for entertaining. The first floor also features two additional rooms with some possibilities—perfect for a home office, exercise room, playroom, or extra storage. This home was renovated in 2022, featuring vinyl siding, new windows, roof, and gutters, along with a kitchen complete with granite countertops and stainless steel appliances. Both bathrooms were updated with new tile, vanities, toilets, and lighting. Conveniently located near I-295 with easy access to shopping and local amenities.

8. 2026-02-05
   listed $210,000 Active 881-char remark

   Show marketing remark (881 chars)

   HUD Case #544-349244 IE (Insured w/ Escrow) Subject to appraisal. Buyer's appraiser to have final determination and insurability and escrow amount. Check out this centrally located bungalow in Hopewell! The primary bedroom is located on the first floor, with two additional bedrooms and a full bath upstairs. The open living area flows into the kitchen, offering plenty of space for entertaining. The first floor also features two additional rooms with some possibilities—perfect for a home office, exercise room, playroom, or extra storage. This home was renovated in 2022, featuring vinyl siding, new windows, roof, and gutters, along with a kitchen complete with granite countertops and stainless steel appliances. Both bathrooms were updated with new tile, vanities, toilets, and lighting. Conveniently located near I-295 with easy access to shopping and local amenities.

9. 2025-04-30
   historical
10. 2025-01-21
    status Active
11. 2025-01-20
    historical
12. 2024-12-31
    listed $230,000 Active
13. 2024-05-01
    listed $245,000 Active
14. 2024-04-30
    historical
15. 2024-03-19
    price $249,900
16. 2024-03-07
    listed $260,000 Active
17. 2022-04-29
    soldstatus $230,000
18. 2022-04-28
    soldstatus $230,000 Closed
19. 2022-04-28
    soldstatus $230,000 Closed
20. 2022-03-31
    status Pending
21. 2022-03-31
    status Pending
22. 2022-03-26
    listed $209,848 Active
23. 2022-03-21
    listed $209,484 Active
24. 2022-01-07
    soldstatus $60,000
25. 2021-12-15
    soldstatus $60,000 Closed
26. 2021-12-03
    status Pending
27. 2021-12-03
    status Active
28. 2021-11-29
    status Pending
29. 2021-11-16
    status Active
30. 2021-11-16
    price $79,900
31. 2021-11-08
    status Pending
32. 2021-11-06
    status Active
33. 2021-10-30
    status Pending
34. 2021-10-25
    listed $84,000 Active
35. 2002-04-15
    soldstatus $40,000
36. 2002-04-08
    soldstatus $40,000
37. 2002-03-06
    listed $49,950
38. 2002-03-06
    listed $49,950
39. 1979-03-26
    soldstatus $26,300

ⓘ 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: $3,170 · $264/mo
• Projected year-2 tax: $3,170 · $264/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 1/10 Low
• 🌡 Heat 8/10 Severe 7 d/yr ≥110°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 40% 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: $19,582
• − Mortgage interest: −$9,551
• − Property taxes: −$3,170
• − Insurance: −$852
• − Repairs & maintenance: −$1,567
• − Management: −$1,567
• − Depreciation: −$4,960
• Taxable loss: −$2,084
• Est. tax savings @ 24.0%: +$500
• After-tax cash flow: $1,218/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: Hopewell City Public School District
• NCES district ID: 5101980
• Math proficiency: 23% ▼ -54.00%
• Reading proficiency: 49% ▼ -18.00%
• Median HH income: $38,234
• Composite: 29.95/100
• National rank: #6377
• State rank: #129 of 131 in VA

Livability — Hopewell

• Score: 70/100
• State rank: #224
• US rank: #7437

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hopewell, VA
• County: Hopewell City · 31,404 people
• City population: 31,404
• Metro: Richmond, VA
• Population (ZIP): 31,404
• Household income: $62,141
• Rent vs Own: 36.8% rent · 63.2% own
• Severe rent burden: 1055.0

Population outlook (Hopewell County) Hauer SSP2

• Today (2025): 21,776 people
• By 2030: 21,457 · -1.5%
• By 2040: 20,882 · -4.1%
• By 2050: 20,239 · -7.1%
• By 2075: 18,905 · -13.2%
• By 2100: 16,949 · -22.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 43% Black 42% Two or more races 9% Hispanic / Latino 8% Asian 1%
• Hispanic origin (detail): Mexican 2% Puerto Rican 2%
• Common ancestry: Slovak 1% Romanian 1% Serbian 1%
• Foreign-born: 3% · Canada
• Languages at home: 94% English-only · Spanish 4% German/W. Germanic 1%

Political lean MEDSL · Hopewell

• 2024 margin: D (+13.8) · D 56.4% · R 42.6% · Other 1.0%
• 2008→2024 swing: +1.8pp toward D · 2008: 11.9pp · 2024: 13.8pp
• All cycles: 2024: D+13.8 2020: D+14.7 2016: D+9.3 2012: D+16.0 2008: D+11.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -85.28%
• Current HPI: 302.6343
• Rent YoY: ▲ 8.86%
• 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

+548.3% since first listed

34 events — show timeline

• 2026-05-06 Price Changed $170,500 CVRMLS
• 2026-04-07 Price Changed $189,000 CVRMLS
• 2026-02-05 Listed $210,000 CVRMLS
• 2025-04-30 Listing Removed — CVRMLS
• 2025-01-21 Relisted — CVRMLS
• 2025-01-20 Listing Removed — CVRMLS
• 2024-12-31 Listed $230,000 CVRMLS
• 2024-05-01 Listed $245,000 CVRMLS
• 2024-04-30 Listing Removed — CVRMLS
• 2024-03-19 Price Changed $249,900 CVRMLS
• 2024-03-07 Listed $260,000 CVRMLS
• 2022-04-29 Sold (Public Records) $230,000 Public Records
• 2022-04-28 Sold (MLS) $230,000 BRIGHT MLS
• 2022-04-28 Sold (MLS) $230,000 CVRMLS
• 2022-03-31 Pending — BRIGHT MLS
• 2022-03-31 Pending — CVRMLS
• 2022-03-26 Listed $209,848 BRIGHT MLS
• 2022-03-21 Listed $209,484 CVRMLS
• 2022-01-07 Sold (Public Records) $60,000 Public Records
• 2021-12-15 Sold (MLS) $60,000 CVRMLS
• 2021-12-03 Pending — CVRMLS
• 2021-12-03 Relisted — CVRMLS
• 2021-11-29 Pending — CVRMLS
• 2021-11-16 Relisted — CVRMLS
• 2021-11-16 Price Changed $79,900 CVRMLS
• 2021-11-08 Pending — CVRMLS
• 2021-11-06 Relisted — CVRMLS
• 2021-10-30 Pending — CVRMLS
• 2021-10-25 Listed $84,000 CVRMLS
• 2002-04-15 Sold (Public Records) $40,000 Public Records
• 2002-04-08 Sold (MLS) $40,000 CVRMLS
• 2002-03-06 Listed $49,950 CVRMLS
• 2002-03-06 Listed $49,950 CVRMLS
• 1979-03-26 Sold (Public Records) $26,300 Public Records

Property tax history

+13.0%/yr

Latest (2025): $3,170 · +16.0% YoY. Source: county tax records.