NOT LISTED FOR SALE

10811 James River Dr Hopewell, VA 23860

Estimated Value: $481,951 - $558,000

8 Beds
5 Baths
4,818 Sq Ft
$109/Sq Ft Est. Value

Last Sold August 25, 2020

Last sale price $300,000 $62 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $3,009/month

131 Days on Market

Highlights

  • Water Views
  • Deck
  • Thermal Windows
  • Home fronts a pond
  • Main Floor Bedroom
  • Fireplace

About This Home

As of August 2020

RARE FIND these days. Quadplex with individual Electric and Heat pump for each unit overlooking a wildlife lover's paradise with lots of beautiful views of the water. Large common back yard for pet exercise or just relaxing. Two units have sleeping porches overlooking the water. Two units have decks overlooking the water. All units have Washer and Dryer Hookups. Cash flow is the name of the game here. Three units are ready to go while the fourth is 90% complete from renovations. There is a single well with filter systems in place that services the entire building. Close to Ft.Lee and Hopewell. Minutes from I-295 and I-95. RIC airport is just 20 minutes away. Investors dream or live in one unit and rent the rest for income. Needs some repairs.

Last Agent to Sell the Property

Pam Hennessey

Parr & Abernathy Realty, Inc. License #0225059664 Listed on: 03/18/2020

Last Buyer's Agent

Sara Ernst

Real Broker LLC License #0225241183

Real Broker LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,935

Year Built

  • Built in 1962

Lot Details

  • 1.02 Acre Lot
  • Home fronts a pond
  • Sloped Lot

Parking

  • 1 Car Attached Garage
  • Workshop in Garage
  • Open Parking
  • Parking Lot

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Fire Rated Drywall
  • Rubber Roof

Interior Spaces

  • Main Floor Bedroom
  • 4,818 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Fireplace
  • Thermal Windows
  • Dining Area
  • Water Views
  • Storm Doors
  • Laminate Countertops
  • Washer and Dryer Hookup

Outdoor Features

  • Deck
  • Enclosed Patio or Porch
  • Shed

Schools

  • Beazley Elementary School
  • Moore Middle School
  • Prince George High School

Utilities

  • Well
  • Tankless Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 140-13-00-006-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,935

Year Built

Built in 1962

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Year Built: 1962
  • Lot Size Acres: 1.02
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Approximate
  • Property Sub Type Additional: Quadruplex
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater, Tankless Water Heater
  • Basement YN: No
  • Below Grade Sq Ft: 2409.0
  • Door Features: Storm Door(s)
  • Fireplace: Yes
  • Interior Amenities: Bedroom on Main Level, Ceiling Fan(s), Dining Area, Fireplace, Laminate Counters, Cable TV
  • Living Area: 4818.0
  • Stories: 2
  • Window Features: Thermal Windows

Exterior Features

  • Roof: Flat, Rubber
  • Fencing: None
  • Lot Features: Sloped
  • View: Water
  • View: Yes
  • Waterfront Features: Pond
  • Waterfront: No
  • Disclosures: Familial Relation, Owner Is Listing Agent
  • Construction Type: Brick, Block, Drywall, Mixed
  • Exterior Features: Storage, Shed
  • Patio And Porch Features: Deck, Enclosed, Patio, Porch

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Open Parking: Yes
  • Parking Features: Attached, Garage, Parking Lot, Workshop in Garage

Utilities

  • Sewer: Septic Tank
  • Water Source: Well
  • Laundry Features: Washer Hookup, Dryer Hookup

Schools

  • Middle Or Junior School: Moore

Lot Info

  • Topography: Sloping
  • Parcel Number: 140-13-00-006-0
  • Zoning Description: R-A
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 1935.0

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Beazley
  • High School: Prince George

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2020
Closed on
Aug 24, 2020
Sold by
Hennessey Thomas J and Hennessey Pamela
Bought by
Horner Homes Llc
Seller's Agent
Pam Hennessey
Parr & Abernathy Realty, Inc.
Buyer's Agent
Sara Ernst
Real Broker LLC
List Price
$349,900
Sold Price
$300,000
Premium/Discount to List
-$49,900
-14.26%
Current Estimated Value
$524,738

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$224,738
Avg. Annual Appreciation
11.17%

Purchase Details

Closed on
Aug 27, 2012

Purchase Details

Closed on
Aug 2, 2006

Purchase Details

Closed on
Feb 5, 1980
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Horner Homes Llc $300,000 --
-- $125,000 --
-- -- --
-- $61,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/25/2020 08/25/20 Sold $300,000 +0.3% $62 / Sq Ft
07/27/2020 07/27/20 Pending -- -- --
07/22/2020 07/22/20 Price Changed $299,000 -8.0% $62 / Sq Ft
07/02/2020 07/02/20 Price Changed $325,000 -7.1% $67 / Sq Ft
07/02/2020 07/02/20 For Sale $349,900 0.0% $73 / Sq Ft
06/19/2020 06/19/20 Pending -- -- --
05/12/2020 05/12/20 Price Changed $349,900 -12.3% $73 / Sq Ft
03/18/2020 03/18/20 For Sale $399,000 -- $83 / 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 $3,086 $391,200 $78,100 $313,100
2024 $3,086 $398,800 $60,000 $338,800
2023 $2,939 $376,300 $37,500 $338,800
2021 $2,975 $305,600 $31,900 $273,700
2020 $1,935 $273,000 $38,000 $235,000
2019 $1,971 $225,000 $34,500 $190,500
2018 $1,891 $215,700 $34,500 $181,200
2017 $1,857 $215,700 $34,500 $181,200
2016 $1,857 $211,700 $34,500 $177,200
2014 $886 $211,700 $34,500 $177,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2005365

Central Virginia Regional MLS

APN: 140-13-00-006-0