NOT LISTED FOR SALE

Estimated Value: $488,000 - $598,000

3 Beds
1.5 Baths
1,474 Sq Ft
$366/Sq Ft Est. Value

Last Sold October 26, 2023

Last sale price $435,000 $295 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $3,479/month

6 Days on Market

Highlights

  • Contemporary Architecture
  • Central Air
  • 3-minute walk to Paradise Park
  • Open High School Rated A+
  • Heating Available

About This Home

As of October 2023

Welcome to the heart of Richmond, Virginia, where opportunity meets location in the most lucrative way possible. If you're an investor seeking a strong investment in the world of commercial real estate, look no further than this exceptional single-family portfolio. A meticulously curated portfolio consisting of five single-family homes and one charming duplex, each property in this portfolio has been handpicked for its exceptional qualities and strategic placement within its high-demand neighborhoods. Speaking of location, these properties are situated in several of Richmond's most coveted neighborhoods surrounded by local restaurants, coffee shops, music venues and more. Just steps away from the bustling Virginia Commonwealth University campus, you'll find an unmatched pool of potential tenants. With a prime location like this, your rental demand is virtually guaranteed. VCU students, faculty, and staff are eager to secure homes that offer both proximity to campus and the comfort of a vibrant community. These properties have been impeccably maintained, boasting modern amenities, spacious layouts, and the character that makes each one unique.

Last Agent to Sell the Property

Justin Sledd

One South Commercial LLC License #0225191850 Listed on: 09/14/2023

One South Commercial LLC

Co-Listed By

Tom Rosman

One South Commercial LLC License #0225268571

Last Buyer's Agent

Bruce Everhart

Harvest Realty, Inc. License #0225013687

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,772

Year Built

  • Built in 1910

Lot Details

  • 1,825 Sq Ft Lot
  • Zoning described as R-6

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 1,474 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Fox Elementary School
  • Dogwood Middle School
  • Thomas Jefferson High School

Utilities

  • Central Air
  • Heating Available
  • Community Sewer or Septic

Listing and Financial Details

  • Assessor Parcel Number W000-0662-023

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,772

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1910
  • Property Attached Yn: Yes
  • Lot Size Acres: 0.0419
  • Co List Office Mls Id: ONES01
  • Co List Office Phone: 804-353-0009
  • Ownership: Partnership
  • Subdivision Name: None
  • Architectural Style: Contemporary
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Approximate
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement YN: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1474.0
  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Flat
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Owner Is Listing Agent
  • Construction Type: Brick
  • Property Condition: Resale

Utilities

  • Heating: Electric
  • Cooling: Central Air
  • Sewer: Community/Coop Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Dogwood

Lot Info

  • Parcel Number: W000-0662-023
  • Zoning Description: R-6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5772.0

MLS Schools

  • Elementary School: Fox
  • High School: Thomas Jefferson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2023
Closed on
Oct 25, 2023
Sold by
Rali Real Estate Llc
Bought by
Wilson Charles M
Seller's Agent
Justin Sledd
One South Commercial LLC
Buyer's Agent
Bruce Everhart
Harvest Realty, Inc.
List Price
$435,000
Sold Price
$435,000
Views
642
Current Estimated Value
$539,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,976
Avg. Annual Appreciation
12.26%
Original Mortgage
$326,250
Outstanding Balance
$321,646
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$213,389

Purchase Details

Closed on
May 28, 2019
Sold by
Clachan Properties Llc
Bought by
Rali Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,528,800
Interest Rate
4.1%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Wilson Charles M $435,000 Fidelity National Title
Rali Real Estate Llc $1,000 Fidelity Title
Rali Real Estate Llc $1,663,000 Fidelity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilson Charles M $326,250
Previous Owner Rali Real Estate Llc $4,528,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2023 10/26/23 Sold $435,000 0.0% $295 / Sq Ft
09/21/2023 09/21/23 Pending -- -- --
09/15/2023 09/15/23 For Sale $435,000 -- $295 / Sq Ft
Source: Central Virginia Regional MLS

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 $6,276 $523,000 $215,000 $308,000
2024 $5,856 $488,000 $200,000 $288,000
2023 $5,772 $481,000 $200,000 $281,000
2022 $4,848 $404,000 $160,000 $244,000
2021 $4,296 $380,000 $140,000 $240,000
2020 $4,296 $358,000 $125,000 $233,000
2019 $4,080 $340,000 $125,000 $215,000
2018 $3,768 $314,000 $110,000 $204,000
2017 $3,480 $290,000 $85,000 $205,000
2016 $3,396 $283,000 $85,000 $198,000
2015 $3,192 $259,000 $85,000 $174,000
2014 $3,192 $266,000 $85,000 $181,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2322526

Central Virginia Regional MLS

APN: W000-0662-023