A
Seller's Agent in 2019
Alex Madgar
NextHome Signature Properties
1312 Overlook St Richmond, VA 23224
Bellemeade NeighborhoodEstimated Value: $213,000 - $272,094
2
Beds
2
Baths
750
Sq Ft
$311/Sq Ft
Est. Value
Highlights
- Deck
- Wood Flooring
- No Heating
- Open High School Rated A+
- Porch
- 1-Story Property
About This Home
As of November 2019Offering an investment opportunity. Income producing property with little cash needed. Tax records show a 750 sqft home, 2 bed/1bath, upstairs has bonus room with bathroom which can be used for a huge master bedroom, adding 250 sqft. Owner has started many renovations and repairs already. All new wiring, new plumbing, new water heater, hardwood floor repair, new kitchen tile, new deck, roof repair, new siding, new windows, new doors.
At this price, great upside regardless of subbing out remaining repairs or fix it up yourself. Current owner has a deal with contractor to finish everything to market condition for 13.5k(You can use this contractor or bring your own). Rents are typically 1,000/month. Plenty of opportunity at this price for either a flip, or a cash out refi and get a renter in it for cash flow.
Repairs needed: HVAC, Drywall(most sheetrock is purchased, just needs to be hung). Sand and refurbish hardwood floor. Carpet in bedrooms, 2 bathroom remodels. Paint interior. Kitchen appliances needed. Cabinets bought already just need to be installed.
Dont miss out on this handyman special before its gone! As-Is only, cash only,any inspection is for buyer's info only.
Last Agent to Sell the Property
Alex Madgar
NextHome Signature Properties License #0225222685 Listed on: 10/07/2019
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,245
Year Built
- Built in 1941
Lot Details
- 6,499 Sq Ft Lot
- Zoning described as R-5
Home Design
- Asphalt Roof
- Vinyl Siding
Interior Spaces
- 750 Sq Ft Home
- 1-Story Property
- Wood Flooring
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Outdoor Features
- Deck
- Porch
Schools
- Oak Grove Elementary School
- Martin Luther King Jr. Middle School
- Richmond High School For The Arts
Utilities
- No Cooling
- No Heating
Community Details
- Glenwood Subdivision
Listing and Financial Details
- Tax Lot 13
- Assessor Parcel Number S007-1180-021
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 7, 2019
Closed on
Oct 23, 2019
Sold by
Madgar Enterprises Llc
Bought by
Kloke Business Solutions Llc
Seller's Agent
Alex Madgar
NextHome Signature Properties
Buyer's Agent
Susan Dunbar
Long & Foster REALTORS
List Price
$59,000
Sold Price
$50,000
Premium/Discount to List
-$9,000
-15.25%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$183,024
Avg. Annual Appreciation
29.13%
Original Mortgage
$37,500
Interest Rate
3.7%
Mortgage Type
Commercial
Purchase Details
Closed on
May 15, 2019
Sold by
Rosser James L
Bought by
Madgar Enterprises Llc
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Kloke Business Solutions Llc | $50,000 | Attorney | |
| Madgar Enterprises Llc | $22,500 | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Kloke Business Solutions Llc | $612,000 | |
| Closed | Kloke Business Solutions Llc | $37,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/01/2019 11/01/19 | Sold | $50,000 | 0.0% | $67 / Sq Ft |
| 10/10/2019 10/10/19 | Pending | -- | -- | -- |
| 10/09/2019 10/09/19 | Off Market | $50,000 | -- | -- |
| 10/07/2019 10/07/19 | For Sale | $59,000 | -- | $79 / Sq Ft |
Source: Central Virginia Regional MLS
Tax History Compared to Growth
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 | $3,000 | $250,000 | $55,000 | $195,000 |
| 2024 | $3,024 | $252,000 | $45,000 | $207,000 |
| 2023 | $2,604 | $217,000 | $36,000 | $181,000 |
| 2022 | $2,100 | $175,000 | $36,000 | $139,000 |
| 2021 | $396 | $111,000 | $16,000 | $95,000 |
| 2020 | $468 | $45,000 | $10,000 | $35,000 |
| 2019 | $1,245 | $29,000 | $10,000 | $19,000 |
| 2018 | $736 | $28,000 | $10,000 | $18,000 |
| 2017 | $336 | $28,000 | $10,000 | $18,000 |
| 2016 | $336 | $28,000 | $10,000 | $18,000 |
| 2015 | $1,454 | $27,000 | $10,000 | $17,000 |
| 2014 | $1,454 | $27,000 | $10,000 | $17,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
Susan Dunbar
S
Buyer's Agent in 2019
Susan Dunbar
Long & Foster
(804) 389-2920
11 Total Sales
Map
Source: Central Virginia Regional MLS
MLS Number: 1933046
APN: S007-1180-021
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.
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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