NOT LISTED FOR SALE

1003 Commerce Rd Richmond, VA 23224

Oak Grove Neighborhood

Estimated Value: $2,219,865

-- Bed
-- Bath
19,321 Sq Ft
$115/Sq Ft Est. Value

About This Home

This home is located at 1003 Commerce Rd, Richmond, VA 23224 and is currently estimated at $2,219,865, approximately $114 per square foot. 1003 Commerce Rd is a home located in Richmond City with nearby schools including Blackwell Elementary School, Open High School, and Armstrong High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2014
Sold by
Commerce Company Llc
Bought by
1003 Commerce Road Llc
Current Estimated Value
$2,219,865

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$585,623
Interest Rate
3.98%
Mortgage Type
Commercial
Estimated Equity
$1,565,052
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
1003 Commerce Road Llc $940,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1003 Commerce Road Llc $750,000
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $20,124 $1,677,000 $1,058,000 $619,000
2024 $17,580 $1,465,000 $846,000 $619,000
2023 $15,048 $1,254,000 $635,000 $619,000
2022 $13,368 $1,114,000 $529,000 $585,000
2021 $13,056 $1,088,000 $522,000 $566,000
2020 $20,538 $1,088,000 $522,000 $566,000
2019 $12,612 $1,051,000 $502,000 $549,000
2018 $11,232 $936,000 $408,000 $528,000
2017 $11,232 $936,000 $408,000 $528,000
2016 $11,232 $936,000 $408,000 $528,000
2015 $15,372 $1,281,000 $454,000 $827,000
2014 $15,372 $1,281,000 $454,000 $827,000
Source: Public Records

Map

Virginia Richmond City County Richmond 23224 Oak Grove

1003 Commerce Rd, Richmond, VA

This home is located at 1003 Commerce Rd, Richmond, VA 23224 and is currently estimated at $2,219,865, approximately $114 per square foot. 1003 Commerce Rd is a home located in Richmond City with nearby schools including Blackwell Elementary School, Open High School, and Armstrong High School.

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