NOT LISTED FOR SALE

Estimated Value: $942,102

3 Beds
1 Bath
5,055 Sq Ft
$186/Sq Ft Est. Value

Last Sold February 03, 2020

Last sale price $566,500 $112 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $5,779/month

23 Days on Market

About This Home

As of February 2020

ONLINE & LIVE BIDDING DECEMBER 17 11:00 am ET at The Westin Richmond. Property previews TBD. List price BPO. Zoned B-5 - commercial & multi-family but, currently not utilized as multi-family. This property is one of 10 commercial, residential & redevelopment offerings to be sold individually from the Hild Manchester Real Estate Portfolio. The sale of the properties included in this sale has received all required approvals, including any approvals required pursuant to the Restraining Order issued by the United States District Court for the Southern District of New York on August 28, 2019 in United States v. Hild, Case No. 1:19-cr-00602. The former Bank of Commerce and Trust building occupies a prime corner location in an opportunity zone and swiftly gentrifying block. This +/-5,005 SF, vacant, renovated space awaits your desired use. $300,000+/- invested in architectural-engineer-interior drawings for 5 story mixed use renovation/addition at rear with brewpub/restaurant in existing bank space on the existing 1st/2nd Floor and a newly constructed dining room on the 3rd Floor along with a 6th level rooftop bar and 7 apartments on the 4th/5th floors.

Last Agent to Sell the Property

Linda Terry

Tranzon Key Auctions License #0225037588 Listed on: 11/25/2019

Last Buyer's Agent

Linda Terry

Tranzon Key Auctions License #0225037588 Listed on: 11/25/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,168

Year Built

  • Built in 1921

Lot Details

  • 4,064 Sq Ft Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 5,055 Sq Ft Home
  • 3-Story Property
  • Unfinished Basement
  • Partial Basement

Schools

  • Blackwell Elementary School
  • Thompson Middle School
  • Armstrong High School

Community Details

  • 2 Units
  • Low-Rise Condominium

Listing and Financial Details

  • Assessor Parcel Number S000-0083-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,168

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1921
  • Lot Size Acres: 0.0933
  • Ownership: Corporate
  • Subdivision Name: None
  • Architectural Style: Other, Low Rise
  • Garage Yn: No
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Year Built Details: Actual
  • General Property Information Below Grade Unfinished Area: 900.0
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement: Partial, Unfinished
  • Basement YN: Yes
  • Living Area: 5055.0
  • Stories: 3

Exterior Features

  • Roof: Flat
  • Waterfront: No
  • Construction Type: Brick, Block

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Middle Or Junior School: Thompson

Lot Info

  • Parcel Number: S000-0083-001
  • Zoning Description: 39
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 6168.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Blackwell
  • High School: Armstrong

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2019
Closed on
Jan 17, 2020
Sold by
Church Hill Ventures Llc
Bought by
Kairso Mission Llc
Seller's Agent
Linda Terry
Tranzon Key Auctions
Buyer's Agent
Linda Terry
Tranzon Key Auctions
List Price
$1,130,000
Sold Price
$566,500
Premium/Discount to List
-$563,500
-49.87%
Current Estimated Value
$942,102

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$375,602
Avg. Annual Appreciation
8.93%

Purchase Details

Closed on
Sep 28, 2016
Sold by
The Louise Ware Houses Llc A Virginia Li
Bought by
Church Hill Ventures Llc A Virginia Limi

Purchase Details

Closed on
Aug 31, 2005
Sold by
Matthews Kay W
Bought by
Ware Louise F

Purchase Details

Closed on
Mar 23, 2005
Sold by
Old Homes Inc
Bought by
Mathews Kaye
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
Kairso Mission Llc $566,500 Attorney
Church Hill Ventures Llc A Virginia Limi $525,000 Attorney
Ware Louise F $187,000 --
Mathews Kaye $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Louise Ware Houses Llc $270,000
Previous Owner The Louise Ware Houses Llc $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2020 02/03/20 Sold $566,500 -49.9% $112 / Sq Ft
12/18/2019 12/18/19 Pending -- -- --
11/25/2019 11/25/19 For Sale $1,130,000 -- $224 / 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 $9,648 $804,000 $195,000 $609,000
2024 $9,372 $781,000 $179,000 $602,000
2023 $9,180 $765,000 $163,000 $602,000
2022 $7,116 $593,000 $163,000 $430,000
2021 $6,696 $558,000 $98,000 $460,000
2020 $3,348 $558,000 $98,000 $460,000
2019 $6,168 $514,000 $75,000 $439,000
2018 $5,964 $497,000 $75,000 $422,000
2017 $5,964 $497,000 $75,000 $422,000
2016 $3,487 $497,000 $75,000 $422,000
2015 $1,587 $497,000 $75,000 $422,000
2014 $1,587 $497,000 $75,000 $422,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 1937508

Central Virginia Regional MLS

APN: S000-0083-001