NOT LISTED FOR SALE

Estimated Value: $500,785

-- Bed
-- Bath
2,204 Sq Ft
$227/Sq Ft Est. Value

Last Sold October 13, 2021

Last sale price $395,000 $179 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $3,105/month

155 Days on Market

About This Home

As of October 2021

Premier duplex in Shockoe Bottom - featuring a downstairs suite of 1100+/- square feet with charming storefront (plus basement) and a fully renovated two bedroom one bathroom upstairs. The downstairs suite includes updated HVAC, refinished hardwood floors and exposed brick features. The upstairs apartment has been recently renovated with all new kitchen cabinets, countertops and stainless appliances. The apartment has new flooring and an updated bathroom.

Located in Richmond's Historic 17th Street Market Place, the property is walkable to many of city's premier dining and entertainment venues. Walkable to Virginia Commonwealth University's Medical Center and the Virginia State Capitol square.

Last Agent to Sell the Property

Justin Sledd

One South Commercial LLC License #0225191850 Listed on: 03/30/2021

One South Commercial LLC

Co-Listed By

Tom Rosman

One South Commercial LLC License #0225268571

Last Buyer's Agent

Cameron Staples

Long & Foster REALTORS License #0225239510

Long & Foster REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $828

Year Built

  • Built in 1911

Lot Details

  • 1,176 Sq Ft Lot

Home Design

  • Duplex
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 2,204 Sq Ft Home
  • 2-Story Property
  • Basement Fills Entire Space Under The House

Schools

  • Bellevue Elementary School
  • Martin Luther King Jr. Middle School
  • Armstrong High School

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number E000-0130-033

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$828

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 1911
  • Lot Size Acres: 0.027
  • Co List Office Mls Id: ONES01
  • Co List Office Phone: 804-353-0009
  • Ownership: Corporate
  • Subdivision Name: None
  • Architectural Style: Two Story
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Actual
  • Property Sub Type Additional: Duplex
  • General Property Information Below Grade Unfinished Area: 1102.0
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement: Full
  • Basement YN: Yes
  • Living Area: 2204.0
  • Stories: 2

Exterior Features

  • Roof: Flat
  • Waterfront: No
  • Disclosures: Disclosure on File
  • Construction Type: Brick

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Middle Or Junior School: Martin Luther King Jr.

Lot Info

  • Parcel Number: E000-0130-033
  • Zoning Description: B-5
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 828.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Bellevue
  • High School: Armstrong

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 30, 2021
Closed on
Oct 6, 2021
Sold by
Shockoprops Llc
Bought by
Quest Office Llc
Seller's Agent
Justin Sledd
One South Commercial LLC
Buyer's Agent
Cameron Staples
Long & Foster REALTORS
List Price
$425,000
Sold Price
$395,000
Premium/Discount to List
-$30,000
-7.06%
Current Estimated Value
$500,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,785
Avg. Annual Appreciation
6.29%
Original Mortgage
$335,750
Outstanding Balance
$284,870
Interest Rate
2.5%
Mortgage Type
Commercial
Estimated Equity
$215,915

Purchase Details

Closed on
Dec 15, 1997
Bought by
Turnbull Lennox B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
7.14%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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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
Quest Office Llc $395,000 Attorney
Turnbull Lennox B $129,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Quest Office Llc $335,750
Previous Owner Shockoprops Llc $60,000
Previous Owner Turnbull Lennox B $104,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2021 10/13/21 Sold $395,000 -5.8% $179 / Sq Ft
09/01/2021 09/01/21 Pending -- -- --
08/20/2021 08/20/21 Price Changed $419,500 -1.3% $190 / Sq Ft
06/07/2021 06/07/21 For Sale $425,000 0.0% $193 / Sq Ft
04/23/2021 04/23/21 Pending -- -- --
03/30/2021 03/30/21 For Sale $425,000 -- $193 / 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 $4,776 $398,000 $88,000 $310,000
2024 $4,776 $398,000 $88,000 $310,000
2023 $4,776 $398,000 $88,000 $310,000
2022 $3,228 $269,000 $80,000 $189,000
2021 $2,732 $218,000 $47,000 $171,000
2020 $828 $218,000 $47,000 $171,000
2019 $2,176 $217,000 $40,000 $177,000
2018 $2,557 $204,000 $35,000 $169,000
2017 $2,557 $204,000 $35,000 $169,000
2016 $2,482 $198,000 $29,000 $169,000
2015 $2,382 $198,000 $29,000 $169,000
2014 $2,382 $190,000 $29,000 $161,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2108615

Central Virginia Regional MLS

APN: E000-0130-033