NOT LISTED FOR SALE

Estimated Value: $1,221,460

-- Bed
-- Bath
4,775 Sq Ft
$256/Sq Ft Est. Value

Last Sold February 03, 2020

Last sale price $825,000 $173 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $8,070/month

25 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 commercial & 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. Constructed in 1921 as the Mechanics & Merchants Bank, it is zoned B-5 in an Opportunity Zone & is currently home to The Bankuet Place event space plus has a magnificent apartment in the rear. The +/-4,775 SF, income producing building was painstakingly renovated in 2005 to preserve its historic charm & original details – tall-coffered ceilings, scagliola marble columns, ornate plaster friezes - adding elegance & glamour. The spacious +/-1,724 SF apartment has 2 bedrooms, 2.5 baths, office, 2nd fl balcony, off street parking & washer/dryer.

Last Agent to Sell the Property

Linda Terry

Tranzon Key Auctions License #0225037588 Listed on: 11/23/2019

Last Buyer's Agent

Kaylin Bradley

EXP Realty LLC License #0225227564

EXP Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,605

Year Built

  • Built in 1920

Lot Details

  • 7,697 Sq Ft Lot

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Metal Siding

Interior Spaces

  • 4,775 Sq Ft Home
  • 2-Story Property
  • Unfinished Basement
  • Partial Basement

Schools

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

Listing and Financial Details

  • Assessor Parcel Number S000-0061-021

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,605

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1920
  • Lot Size Acres: 0.1767
  • Ownership: Corporate
  • Subdivision Name: None
  • Architectural Style: Other, Low Rise
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Actual
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement: Partial, Unfinished
  • Basement YN: Yes
  • Living Area: 4775.0
  • Stories: 2

Exterior Features

  • Roof: Flat
  • Waterfront: No
  • Construction Type: Brick, Metal Siding

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Middle Or Junior School: Thompson

Lot Info

  • Parcel Number: S000-0061-021
  • Zoning Description: 39
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 3605.0

Multi Family

  • Number Of Units Total: 1

MLS Schools

  • Elementary School: Blackwell
  • High School: Armstrong

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2021
Sold by
1129 Hull St Llc
Bought by
Bloom Homes Llc
Total Days on Market
25
Current Estimated Value
$1,221,460

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$391,600
Interest Rate
3.09%
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
Bloom Homes Llc $890,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bloom Homes Llc $405,000
Closed Bloom Homes Llc $391,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/03/2020 02/03/20 Sold $825,000 -26.7% $173 / Sq Ft
12/18/2019 12/18/19 Pending -- -- --
11/23/2019 11/23/19 For Sale $1,125,000 -- $236 / 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 $15,888 $1,324,000 $370,000 $954,000
2024 $15,516 $1,293,000 $339,000 $954,000
2023 $10,176 $848,000 $308,000 $540,000
2022 $10,176 $848,000 $308,000 $540,000
2021 $9,060 $755,000 $185,000 $570,000
2020 $4,059 $755,000 $185,000 $570,000
2019 $3,605 $718,000 $148,000 $570,000
2018 $2,849 $655,000 $85,000 $570,000
2017 $7,860 $655,000 $85,000 $570,000
2016 $1,452 $517,000 $85,000 $432,000
2015 $1,452 $517,000 $85,000 $432,000
2014 $1,452 $517,000 $85,000 $432,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 1937485

Central Virginia Regional MLS

APN: S000-0061-021