NOT LISTED FOR SALE

Estimated Value: $1,446,650

-- Bed
-- Bath
11,440 Sq Ft
$126/Sq Ft Est. Value

Last Sold September 16, 2022

Last sale price $1,260,000 $110 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $8,701/month

157 Days on Market

Highlights

  • High Ceiling
  • Granite Countertops
  • 2 Car Attached Garage
  • Open High School Rated A+
  • Fireplace
  • Eat-In Kitchen

About This Home

As of September 2022

Stunning mixed-use property Located in the Broad Street Old & Historic District, constructed in 1915 and in 2008 underwent total redevelopment into a mixed-use property. The 1,372 sq. ft. ground level office/retail space currently being used as a retail with tenant also renting out the 1,623 sq. ft. basement for additional storage. Ground level features open floor plan, 16-foot ceilings, hardwood floors, and an expansive glass storefront. The flexible B-4 Central Business Zoning allows a wide variety of uses. 2 luxury residential units above have been renovated to the highest standards with top-grade finishes and modern open floor plans. Both units have built-in Electrolux refrigerator and freezer, Wolf range, gas fireplace, two-zone heat pumps with gas furnace (all HVAC 2022) and tankless Rinnai hot water heater. Building is in better than new condition. A two-car hydraulic lift that provides off-street parking in a secured garage, a rare find in RVA! Walking distance to many bars and restaurants make this location prime. New improved price - seller motivated. Don’t let this special quality property get away.

Last Agent to Sell the Property

Christopher Small

Small & Associates License #0225108723 Listed on: 03/03/2022

Co-Listed By

Travis Qualls

Engel & Volkers Richmond License #0225231964

Last Buyer's Agent

Ann Schweitzer Riley

One South Commercial LLC License #0225211714

One South Commercial LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,444

Year Built

  • Built in 1915

Lot Details

  • 2,849

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Home Design

  • Triplex
  • Brick Exterior Construction
  • Built-Up Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • Double Vanity
  • 11,440 Sq Ft Home
  • 3-Story Property
  • High Ceiling
  • Fireplace
  • Dining Area
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Granite Countertops

Schools

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

Additional Features

  • 2,849 Sq Ft Lot
  • Tankless Water Heater

Listing and Financial Details

  • Assessor Parcel Number W000-0064-003

Community Details

Overview

  • 4 Units
  • The community has rules related to allowing corporate owners

Building Details

  • Gross Income $95,280

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,444

Year Built

Built in 1915

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Year Built: 1915
  • Lot Size Acres: 0.0654
  • Co List Office Mls Id: CSRE01
  • Co List Office Phone: (804) 353-1250
  • Ownership: Corporate
  • Subdivision Name: None
  • Architectural Style: Other
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Year Built Details: Actual
  • Property Sub Type Additional: Triplex
  • General Property Information Below Grade Unfinished Area: 2860.0
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement: Full
  • Appliances: Tankless Water Heater
  • Basement YN: Yes
  • Fireplace: Yes
  • Interior Amenities: Dining Area, Double Vanity, Eat-in Kitchen, Fireplace, Granite Counters, High Ceilings
  • Living Area: 11440.0
  • Stories: 3

Exterior Features

  • Roof: Built-Up
  • Fencing: None
  • Waterfront: No
  • Disclosures: Familial Relation
  • Construction Type: Brick, Concrete

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage, Off Street

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Middle Or Junior School: Dogwood

Lot Info

  • Parcel Number: W000-0064-003
  • Zoning Description: B-4
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 95280.0
  • Number Of Units Total: 4

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 5444.0

MLS Schools

  • Elementary School: Fox
  • High School: Thomas Jefferson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2021
Sold by
Bookvvright Properties Llc
Bought by
Rva Adt Properties Llc
Current Estimated Value
$1,446,650

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$402,050
Interest Rate
2.65%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,044,600

Purchase Details

Closed on
Apr 7, 2006
Sold by
Southern Loan Office Inc
Bought by
Brookwright Properties

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.28%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 13, 2000
Bought by
Southern Loan Office Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,353
Interest Rate
8.26%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rva Adt Properties Llc $1,100,000 None Listed On Document
Rva Adt Properties Llc $1,100,000 None Listed On Document
Brookwright Properties $320,000 --
Southern Loan Office Inc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rva Adt Properties Llc $700,000
Closed Rva Adt Properties Llc $700,000
Previous Owner Brookwright Properties $1,000,000
Previous Owner Southern Loan Office Inc $256,353
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/16/2022 09/16/22 Sold $1,260,000 -2.7% $110 / Sq Ft
08/07/2022 08/07/22 Pending -- -- --
08/03/2022 08/03/22 Price Changed $1,295,000 -4.1% $113 / Sq Ft
07/16/2022 07/16/22 Price Changed $1,349,950 -1.8% $118 / Sq Ft
07/13/2022 07/13/22 Price Changed $1,375,000 -1.8% $120 / Sq Ft
06/21/2022 06/21/22 Price Changed $1,399,950 -3.4% $122 / Sq Ft
05/23/2022 05/23/22 Price Changed $1,449,950 -3.0% $127 / Sq Ft
03/03/2022 03/03/22 For Sale $1,495,000 -- $131 / 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 $13,464 $1,122,000 $406,000 $716,000
2024 $12,660 $1,055,000 $339,000 $716,000
2023 $11,376 $948,000 $232,000 $716,000
2022 $11,376 $948,000 $232,000 $716,000
2021 $14,084 $1,126,000 $186,000 $940,000
2020 $5,444 $1,126,000 $186,000 $940,000
2019 $5,128 $1,070,000 $162,000 $908,000
2018 $5,049 $1,032,000 $157,000 $875,000
2017 $12,371 $989,000 $114,000 $875,000
2016 $4,511 $989,000 $114,000 $875,000
2015 $4,440 $990,000 $114,000 $876,000
2014 $4,440 $990,000 $108,000 $882,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2204705

Central Virginia Regional MLS

APN: W000-0064-003