214 N Pine Ave · Highland Springs, VA 23075

$217,000

3 bd · 1.0 ba · 858 sqft · SingleFamily public records · 3 Days on market

Built 1953 8,581 sqft lot $253/sqft · 16% below area Est $260k · 16% 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 +16.1/30.0
• ARV discount +14.9/15.0
• DSCR +5.0/10.0
• Schools +4.9/10.0
• Livability +3.6/5.0
• 1% rule +3.2/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 214 N. Pine Ave, perfectly situated near Richmond International Airport, with convenient access to restaurants, shopping and schools. This charming rancher offers 3 bedrooms and 1 bath (currently set up as a two-bedroom with a dining room), a fenced rear yard, and a newly installed ramp at the front entrance. Step into a generously sized living room, warmed by a cozy wood stove that serves as an extra heat source, complemented by HVAC for primary heating and cooling which was recently serviced and in good working order. The eat in kitchen is practical with direct access to the spacious backyard—ideal for gatherings, family playtime, or letting your kids or dogs roam free. Hardwood floors add character throughout portions of the home. The bathroom underwent a tasteful remodel in 2025, featuring a walk-in shower, gorgeous tile, and durable LVP flooring—ready for you to enjoy! Plus handicap accessible Imagine relaxing outside with your favorite drink after a long day, taking in the expansive yard that invites entertaining and outdoor fun. There’s plenty of room to personalize and even expand the home if desired. Be sure to book your tour soon! Whether you’re a first-time buyer or seeking to downsize, this property offers versatility and comfort, all while allowing you to put your stamp on this home. Don’t miss your chance to make 214 N. Pine Ave your new home—schedule your visit today and discover its unique charm!

Key facts

• 8,581 sq ft lot
• Built 1953
• Listed 3 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $217k.

Deal economics

• At list price, monthly cash flow is $109 ($1k/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 $177k (18.4% below list).
• Recommended offer: $177k (18.4% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 5.1% in Highland Springs — 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 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; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 1,826 units permitted in Henrico County in 2024 (785 in 5+ unit buildings).
• This rent runs 38% 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 $7k 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 3 days on market — expect competitive offers; lowballing is unlikely to land.
• Current owner paid $53k; list at $217k implies a 309% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.
• 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 $177,164 (18.4% below list)

Questions for the listing agent

1. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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.
4. 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.
5. 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: 0.82% ✗
• Cap rate: 6.90%
• Cash-on-cash: 2.16%
• DSCR: 1.10
• GRM: 10.2

CMA / ARV

• ARV (median comp): $259,604
• List price: $217,000
• Delta: -16.41%
• 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
214 N Pine Ave	0.00mi	3/1.0	858 (0%)	1mo	$217,000	$253	99
200 N Oak Ave	0.09mi	2/1.0 (-1)	826 (-4%)	2mo	$207,500	$251	83
13 N Rose Ave	0.34mi	2/1.0 (-1)	837 (-2%)	3mo	$235,000	$281	72
7 N Quince Ave	0.35mi	3/1.0	910 (+6%)	9mo	$240,000	$264	66
201 N Ivy Ave	0.36mi	2/1.0 (-1)	784 (-9%)	0mo	$234,000	$298	63
9 N Quince Ave	0.34mi	3/1.0	952 (+11%)	9mo	$249,500	$262	58
103 S Ivy Ave	0.67mi	3/1.0	884 (+3%)	7mo	$250,000	$283	58
16 N Juniper Ave	0.45mi	2/1.0 (-1)	980 (+14%)	1mo	$241,000	$246	49
127 N Cedar Ave	0.67mi	3/1.0	960 (+12%)	1mo	$265,000	$276	48
16 N Elm Ave	0.67mi	3/1.0	952 (+11%)	5mo	$267,500	$281	46
118 N Cedar Ave	0.70mi	3/1.0	952 (+11%)	4mo	$235,900	$248	46
22 S Grove Ave	0.72mi	3/1.0	960 (+12%)	3mo	$212,000	$221	44

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: -12.9%
• Equity multiple: 0.53×
• Total profit: $-28,300
• Equity at exit: $32,355

10-year hold

• IRR: -4.0%
• Equity multiple: 0.74×
• Total profit: $-16,088
• Equity at exit: $18,762

Cash invested: $60,760 (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: 10.2×

Monthly cashflow live

• Estimated rent: $1,772 high
• Mortgage (P&I): −$1,138
• Tax from tax record: −$62 /mo · $742/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$372
• Net cashflow: $109

Break-even live

Break-even rent $1,633

Max offer price $217,000

Occupancy floor 89%

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: $54,250
• Closing costs: $6,510
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
239 N Mapleleaf Ave Henrico, VA	3.0	1.0	980	$1,750	$1.79	23d	1	0.18mi
118 N Linden Ave Henrico, VA	3.0	1.5	1080	$1,795	$1.66	43d	1	0.28mi
1000 E Washington St Henrico, VA	2.0	1.0	888	$2,000	$2.25	2d	1	0.29mi
117 N Ivy Ave Henrico, VA	3.0	1.0	980	$1,590	$1.62	2d	1	0.39mi
901 E 9 Mile Rd Unit a Highland Springs, VA	2.0	1.0	800	$1,312	$1.64	21d	1	0.44mi
132 N Elm Ave Henrico, VA	3.0	1.0	840	$1,629	$1.94	43d	1	0.60mi
419 Roxana Rd Henrico, VA	3.0	1.5	1085	$2,050	$1.89	2d	1	0.77mi
1005 W Nine Mile Rd Unit J Henrico, VA	2.0	1.0	783	$1,395	$1.78	23d	1	1.08mi
1005 W Nine Mile Rd Henrico, VA	2.0	1.0	783	$1,345	$1.72	43d	1	1.09mi
6 Naglee Ave Sandston, VA	3.0	1.0	1000	$1,995	$2.00	43d	1	1.42mi
5951 Tiger Lily Ln Richmond, VA	2.0–3.0	2.0	1080	$1,592	$1.47	1d	12	1.44mi

Listing history 5 events

1. 2026-05-03
   status Pending 1490-char remark

   Show marketing remark (1490 chars)

   Welcome to 214 N. Pine Ave, perfectly situated near Richmond International Airport, with convenient access to restaurants, shopping and schools. This charming rancher offers 3 bedrooms and 1 bath (currently set up as a two-bedroom with a dining room), a fenced rear yard, and a newly installed ramp at the front entrance. Step into a generously sized living room, warmed by a cozy wood stove that serves as an extra heat source, complemented by HVAC for primary heating and cooling which was recently serviced and in good working order. The eat in kitchen is practical with direct access to the spacious backyard—ideal for gatherings, family playtime, or letting your kids or dogs roam free. Hardwood floors add character throughout portions of the home. The bathroom underwent a tasteful remodel in 2025, featuring a walk-in shower, gorgeous tile, and durable LVP flooring—ready for you to enjoy! Plus handicap accessible Imagine relaxing outside with your favorite drink after a long day, taking in the expansive yard that invites entertaining and outdoor fun. There’s plenty of room to personalize and even expand the home if desired. Be sure to book your tour soon! Whether you’re a first-time buyer or seeking to downsize, this property offers versatility and comfort, all while allowing you to put your stamp on this home. Don’t miss your chance to make 214 N. Pine Ave your new home—schedule your visit today and discover its unique charm!

2. 2026-04-30
   listed $217,000 Active 1490-char remark

   Show marketing remark (1490 chars)

   Welcome to 214 N. Pine Ave, perfectly situated near Richmond International Airport, with convenient access to restaurants, shopping and schools. This charming rancher offers 3 bedrooms and 1 bath (currently set up as a two-bedroom with a dining room), a fenced rear yard, and a newly installed ramp at the front entrance. Step into a generously sized living room, warmed by a cozy wood stove that serves as an extra heat source, complemented by HVAC for primary heating and cooling which was recently serviced and in good working order. The eat in kitchen is practical with direct access to the spacious backyard—ideal for gatherings, family playtime, or letting your kids or dogs roam free. Hardwood floors add character throughout portions of the home. The bathroom underwent a tasteful remodel in 2025, featuring a walk-in shower, gorgeous tile, and durable LVP flooring—ready for you to enjoy! Plus handicap accessible Imagine relaxing outside with your favorite drink after a long day, taking in the expansive yard that invites entertaining and outdoor fun. There’s plenty of room to personalize and even expand the home if desired. Be sure to book your tour soon! Whether you’re a first-time buyer or seeking to downsize, this property offers versatility and comfort, all while allowing you to put your stamp on this home. Don’t miss your chance to make 214 N. Pine Ave your new home—schedule your visit today and discover its unique charm!

3. 2026-04-01
   historical $217,000 1490-char remark

   Show marketing remark (1490 chars)

   Welcome to 214 N. Pine Ave, perfectly situated near Richmond International Airport, with convenient access to restaurants, shopping and schools. This charming rancher offers 3 bedrooms and 1 bath (currently set up as a two-bedroom with a dining room), a fenced rear yard, and a newly installed ramp at the front entrance. Step into a generously sized living room, warmed by a cozy wood stove that serves as an extra heat source, complemented by HVAC for primary heating and cooling which was recently serviced and in good working order. The eat in kitchen is practical with direct access to the spacious backyard—ideal for gatherings, family playtime, or letting your kids or dogs roam free. Hardwood floors add character throughout portions of the home. The bathroom underwent a tasteful remodel in 2025, featuring a walk-in shower, gorgeous tile, and durable LVP flooring—ready for you to enjoy! Plus handicap accessible Imagine relaxing outside with your favorite drink after a long day, taking in the expansive yard that invites entertaining and outdoor fun. There’s plenty of room to personalize and even expand the home if desired. Be sure to book your tour soon! Whether you’re a first-time buyer or seeking to downsize, this property offers versatility and comfort, all while allowing you to put your stamp on this home. Don’t miss your chance to make 214 N. Pine Ave your new home—schedule your visit today and discover its unique charm!

4. 1993-07-01
   soldstatus $53,000
5. 1990-06-01
   soldstatus $55,950

ⓘ 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: $742 · $62/mo
• Projected year-2 tax: $1,779 · $148/mo
• Expected delta: +$1,037/yr (+$86/mo · 139.8%)

ⓘ 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: $21,260
• − Mortgage interest: −$12,155
• − Property taxes: −$742
• − Insurance: −$1,085
• − Repairs & maintenance: −$1,701
• − Management: −$1,701
• − Depreciation: −$6,313
• Taxable loss: −$2,437
• Est. tax savings @ 24.0%: +$585
• After-tax cash flow: $1,897/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

+287.8% since first listed

5 events — show timeline

• 2026-05-03 Pending — CVRMLS
• 2026-04-30 Listed $217,000 CVRMLS
• 2026-04-01 Coming Soon $217,000 CVRMLS
• 1993-07-01 Sold (Public Records) $53,000 Public Records
• 1990-06-01 Sold (Public Records) $55,950 Public Records

Property tax history

+0.3%/yr

Latest (2018): $742 · +9.6% YoY. Source: county tax records.