NOT LISTED FOR SALE

127 Virginia Ave Unit 29 Petersburg, VA 23803

Estimated Value: $172,000 - $225,000

4 Beds
2 Baths
1,020 Sq Ft
$200/Sq Ft Est. Value

Last Sold September 29, 2020

Last sale price $125,540 $123 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $1,208/month

5 Days on Market

About This Home

As of September 2020

100% Rented & Renovated Duplex with excellent return!  Each unit has 2 bedrooms and 1 full baths with 510sqft .  $1500 monthly income.  Quality updates include kitchen, bathrooms, roof, windows, and more. Convenient to Interstate & Shopping. Don't miss yet another investment property!

Last Agent to Sell the Property

Joan Small

ProFound Property Group LLC License #0225262989 Listed on: 07/20/2020

ProFound Property Group LLC

Last Buyer's Agent

Justin Marks

Napier Realtors, ERA License #0225232515

Napier Realtors, ERA

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $404

Year Built

  • Built in 1952

Lot Details

  • 7,714

Home Design

  • Duplex
  • Frame Construction
  • Composition Roof

Interior Spaces

  • 1,020 Sq Ft Home
  • 1-Story Property

Schools

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

Additional Features

  • 7,714 Sq Ft Lot
  • Water Heater

Community Details

  • 2 Units
  • Gross Income $1,500

Listing and Financial Details

  • Tax Lot 347
  • Assessor Parcel Number 031-320019

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$404

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 1952
  • Lot Size Acres: 0.1771
  • Ownership: Corporate,Individuals
  • Subdivision Name: None
  • Architectural Style: Ranch
  • 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

  • Appliances: Electric Water Heater
  • Basement YN: No
  • Living Area: 1020.0
  • Stories: 1

Exterior Features

  • Roof: Composition
  • Fencing: None
  • Waterfront: No
  • Construction Type: Block, Frame, Mixed

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Middle Or Junior School: Vernon Johns

Lot Info

  • Parcel Number: 031-320019
  • Zoning Description: R-2
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 1500.0
  • Number Of Units Total: 2

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 404.0
  • Tax Lot: 347

MLS Schools

  • Elementary School: Cool Spring
  • High School: Petersburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 20, 2020
Closed on
Aug 19, 2020
Sold by
Dkmc Hldgs Llc
Bought by
Tvedt Eric
Seller's Agent
Joan Small
ProFound Property Group LLC
Buyer's Agent
Justin Marks
Napier Realtors, ERA
List Price
$125,000
Sold Price
$125,540
Premium/Discount to List
$540
0.43%
Current Estimated Value
$204,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,669
Avg. Annual Appreciation
10.16%
Original Mortgage
$93,750
Outstanding Balance
$83,008
Interest Rate
2.9%
Mortgage Type
Construction
Estimated Equity
$121,201

Purchase Details

Closed on
Apr 3, 2006
Bought by
L A & D Amazing Investors Llc
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
Tvedt Eric $125,540 --
L A & D Amazing Investors Llc $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tvedt Eric $93,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2020 09/29/20 Sold $125,540 +0.4% $123 / Sq Ft
07/25/2020 07/25/20 Pending -- -- --
07/20/2020 07/20/20 For Sale $125,000 -- $123 / 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 $1,467 $156,000 $11,400 $144,600
2024 $1,467 $156,000 $11,400 $144,600
2023 $1,467 $115,500 $9,000 $106,500
2022 $1,467 $115,500 $9,000 $106,500
2021 $1,528 $113,200 $8,800 $104,400
2020 $404 $29,900 $8,800 $21,100
2019 $404 $29,900 $8,800 $21,100
2018 $404 $29,900 $8,800 $21,100
2017 $404 $29,900 $8,800 $21,100
2016 $404 $29,900 $0 $0
2014 -- $0 $0 $0
2013 $303 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joan Small

    Seller's Agent in 2020

    Joan Small

    ProFound Property Group LLC

    (804) 873-8110

    22 in this area

    315 Total Sales

    Joan Small
    Section Image
  • Justin Marks

    Buyer's Agent in 2020

    Justin Marks

    Napier Realtors, ERA

    (804) 721-9505

    11 in this area

    89 Total Sales

    Justin Marks
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 2021752

Central Virginia Regional MLS

APN: 031-32-0019

Virginia Petersburg County Petersburg 23803

127 Virginia Ave Unit 29, Petersburg, VA

This home is located at 127 Virginia Ave Unit 29, Petersburg, VA 23803 since 20 July 2020 and is currently estimated at $204,209, approximately $200 per square foot. This property was built in 1952. 127 Virginia Ave Unit 29 is a home located in Petersburg City with nearby schools including Petersburg High School and Saint Joseph School.

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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