NOT LISTED FOR SALE

1221 Montgomery Ave Unit 23 Petersburg, VA 23803

Estimated Value: $158,000 - $225,515

4 Beds
2 Baths
1,536 Sq Ft
$126/Sq Ft Est. Value

Last Sold September 23, 2022

Last sale price $89,000 $58 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $1,096/month

15 Days on Market

Highlights

  • Front Porch
  • Level Lot
  • 1-Story Property
  • Eat-In Kitchen
  • Patio Home

About This Home

As of September 2022

CALLING ALL INVESTORS!! Fantastic opportunity for new investors wanting to start out with a tenant occupied property or experienced investors wanting to add to their existing portfolio. This turn-key duplex has excellent cash flow. Both sides are occupied. 1221 generates $465 per month (5-year tenant). 1223 generates $500 per month (2-year tenant). Left side has been renovated with new flooring, new upper and lower kitchen cabinets, new counters, new bathroom vanity, etc. Right side has original hardwood floors, new vinyl in kitchen and bath, new lower kitchen cabinets, new counters, new bathroom vanity, and newer vinyl windows. Both units have upgraded electrical panels, separate electric and water meters, newer appliances, washer/dryer hookups, and off-street parking. Front and back porches and steps are low-maintenance brick/concrete. Vinyl siding installed in 2010. New gutters in 2017. A great property for the money.

Last Agent to Sell the Property

Lisa DeFrancesco

United Real Estate Richmond License #0225196237 Listed on: 08/17/2022

United Real Estate Richmond

Last Buyer's Agent

Sarrah Healy

The Hogan Group Real Estate License #0225259728

The Hogan Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $718

Year Built

  • Built in 1959

Lot Details

  • 6,974 Sq Ft Lot
  • Lot Dimensions are 44x153x43x156
  • Level Lot

Home Design

  • Duplex
  • Patio Home
  • Frame Construction
  • Shingle Roof
  • Vinyl Siding
  • Plaster

Interior Spaces

  • 1,536 Sq Ft Home
  • 1-Story Property
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

  • Eat-In Kitchen
  • Laminate Countertops

Parking

  • Off-Street Parking
  • Assigned Parking

Schools

  • Cool Spring Elementary School
  • Vernon Johns Middle School
  • Petersburg High School

Additional Features

  • Front Porch
  • Gas Water Heater

Community Details

  • 2 Units
  • Gross Income $965

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 046-230017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$718

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 1959
  • Lot Size Acres: 0.1601
  • Lot Size: 44x153x43x156
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Patio Home
  • Garage Yn: No
  • Unit Levels: One
  • Building Stories: 1
  • Year Built Details: Actual
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Stories: 1

Interior Features

  • Basement: Crawl Space
  • Appliances: Electric Water Heater, Gas Water Heater
  • Basement YN: No
  • Interior Amenities: Eat-in Kitchen, Laminate Counters
  • Living Area: 1536.0
  • Stories: 1

Exterior Features

  • Roof: Shingle
  • Fencing: None
  • Lot Features: Level
  • Waterfront: No
  • Disclosures: Familial Relation, Owner Is Listing Agent
  • Construction Type: Drywall, Frame, Plaster, Vinyl Siding
  • Patio And Porch Features: Rear Porch, Front Porch

Garage/Parking

  • Parking Features: Assigned, Off Street

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Washer Hookup, Dryer Hookup

Schools

  • Middle Or Junior School: Vernon Johns

Lot Info

  • Parcel Number: 046-230017
  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 965.0
  • Number Of Units Total: 2

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 718.0
  • Tax Lot: 9

MLS Schools

  • Elementary School: Cool Spring
  • High School: Petersburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2022
Closed on
Sep 15, 2022
Sold by
Defrancesco Lisa K
Bought by
Harrison Anton D
Seller's Agent
Lisa DeFrancesco
United Real Estate Richmond
Buyer's Agent
Sarrah Healy
The Hogan Group Real Estate
List Price
$100,000
Sold Price
$89,000
Premium/Discount to List
-$11,000
-11%
Views
20
Current Estimated Value
$193,629

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,629
Avg. Annual Appreciation
28.50%

Purchase Details

Listed on
Jul 4, 2012
Closed on
Oct 31, 2012
Bought by
Defrancesco Lisa K
Seller's Agent
David Patsel
Napier Realtors, ERA
Buyer's Agent
Lisa DeFrancesco
United Real Estate Richmond
List Price
$29,900
Sold Price
$27,000
Premium/Discount to List
-$2,900
-9.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.80%
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
Harrison Anton D $89,000 --
Defrancesco Lisa K $27,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/23/2022 09/23/22 Sold $89,000 -11.0% $58 / Sq Ft
09/01/2022 09/01/22 Pending -- -- --
08/17/2022 08/17/22 For Sale $100,000 +270.4% $65 / Sq Ft
10/31/2012 10/31/12 Sold $27,000 -9.7% $18 / Sq Ft View Prior Sale
10/15/2012 10/15/12 Pending -- -- --
07/04/2012 07/04/12 For Sale $29,900 -- $19 / 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 $979 $176,600 $11,200 $165,400
2024 $979 $176,600 $11,200 $165,400
2023 $979 $77,100 $8,500 $68,600
2022 $690 $54,300 $8,500 $45,800
2021 $718 $53,200 $8,300 $44,900
2020 $718 $53,200 $8,300 $44,900
2019 $718 $53,200 $8,300 $44,900
2018 $718 $53,200 $8,300 $44,900
2017 $718 $53,200 $8,300 $44,900
2016 $718 $53,200 $0 $0
2014 -- $0 $0 $0
2013 $718 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa DeFrancesco

    Seller's Agent in 2022

    Lisa DeFrancesco

    United Real Estate Richmond

    (804) 243-0057

    7 in this area

    51 Total Sales

    Lisa DeFrancesco
    Section Image

  • S

    Buyer's Agent in 2022

    Sarrah Healy

    The Hogan Group Real Estate

    Section Image
  • David Patsel

    Seller's Agent in 2012

    David Patsel

    Napier Realtors, ERA

    (804) 931-4072

    55 in this area

    325 Total Sales

    David Patsel
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 2223152

Central Virginia Regional MLS

APN: 046-23-0017

Virginia Petersburg County Petersburg 23803

1221 Montgomery Ave Unit 23, Petersburg, VA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Central Virginia Regional MLS All or a portion of th multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

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