NOT LISTED FOR SALE

1400 Grove Ave Unit 1 Richmond, VA 23220

The Fan Neighborhood

Estimated Value: $470,000 - $498,000

2 Beds
2 Baths
1,538 Sq Ft
$392/mo HOA Fee

Last Sold July 19, 2021

Last sale price $430,000 $280 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $3,381/month

6 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • High Ceiling
  • Open High School Rated A+
  • Wood Flooring
  • 3-minute walk to Lombardy & Park Avenue Triangle

About This Home

As of July 2021

Magnificent opportunity to own a historic 1900 condo in the heart of the Fan District. This gorgeous 1st floor corner unit is loaded with with quality features. The updated kitchen has a Wolf gas range, granite countertops, 2020 refrigerator, 2020 dishwasher and the properties original (1895) custom 10' by 8' corner china cabinet. Five original sets of french doors with transoms above fill the space with natural light, bright open spaces and timeless sophistication. Beautiful and elegant and ideal for entertaining. The french doors (with remote shades) lead you to a massive veranda with your private seating area. This stunning unit features 11.5' ceilings, heavy crown molding, beautiful hardwood floors, gorgeous fireplace with gas logs and the original mantel. This spacious condo offers 2 large bedrooms, 2 full baths with marble and a convenient built in laundry area. The condo's additional amenities offer carefree living in the city. This unit is sold with 1 deeded parking space right out your backdoor. Private entrance and secured basement storage. Per the HOA this condo must be owner occupied.

Last Agent to Sell the Property

Sharon Nicholson

The Steele Group License #0225228106 Listed on: 06/15/2021

The Steele Group

Last Buyer's Agent

Brianne Spotts

Spotts & Carneal, Inc. License #0225205926

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,600

Year Built

  • Built in 1881

Lot Details

  • Historic Home

HOA Fees

  • $392 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Slate Roof
  • Plaster

Interior Spaces

  • 1,538 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Bookcases
  • High Ceiling
  • Ceiling Fan
  • Fireplace Features Masonry
  • Gas Fireplace
  • French Doors
  • Washer

Kitchen

  • Oven
  • Gas Cooktop
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Basement

  • Shared Basement
  • Basement Storage

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Deck
  • Outdoor Storage
  • Wrap Around Porch

Schools

  • Fox Elementary School
  • Dogwood Middle School
  • Thomas Jefferson High School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number W000-0528-032

Community Details

Amenities

  • Common Area
  • Community Storage Space

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,600

Year Built

Built in 1881

Lot Details

0

HOA Fees

$392 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1881
  • Property Attached Yn: Yes
  • Lot Size Acres: 0.0346
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Colonial
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Historic
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Attached,Condominium
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile, Wood
  • Basement: Common Basement, Storage Space
  • Appliances: Dishwasher, Gas Cooking, Disposal, Oven, Range, Refrigerator, Washer
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: French Doors
  • Fireplace Features: Gas, Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Bookcases, Built-in Features, Ceiling Fan(s), French Door(s)/Atrium Door(s), Fireplace, Granite Counters, High Ceilings, Main Level Primary
  • Living Area: 1538.0
  • Stories: 1
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Roof: Slate
  • Fencing: None
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Seller Disclosure
  • Construction Type: Brick, Block, Plaster
  • Exterior Features: Deck, Porch, Storage, Paved Driveway
  • Patio And Porch Features: Front Porch, Wrap Around, Deck, Porch
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Assigned, Driveway, Off Street, Paved

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Electric, Heat Pump
  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Common Grounds/Area, Home Owners Association, Storage Facilities
  • Amenities: Landscaping
  • Association Fee: 392.44
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Gas, Insurance, Maintenance Grounds, Maintenance Structure, Sewer, Trash, Water

Schools

  • Middle Or Junior School: Dogwood

Lot Info

  • Parcel Number: W000-0528-032
  • Zoning Description: R-6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 3600.0

MLS Schools

  • Elementary School: Fox
  • High School: Thomas Jefferson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 15, 2021
Closed on
Jul 14, 2021
Sold by
Koleda Paul S
Bought by
Shaffner Stephen E
Seller's Agent
Sharon Nicholson
The Steele Group
Buyer's Agent
Brianne Spotts
Spotts & Carneal, Inc.
List Price
$378,900
Sold Price
$430,000
Premium/Discount to List
$51,100
13.49%
Current Estimated Value
$488,031

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,031
Avg. Annual Appreciation
3.85%
Original Mortgage
$305,000
Outstanding Balance
$264,073
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$238,413

Purchase Details

Listed on
Apr 23, 2015
Closed on
Jun 24, 2015
Sold by
Grecheck Lauren E and Gregheck Eugene S
Bought by
Koleda Paul S
Seller's Agent
Susan Sadid
The Steele Group
Buyer's Agent
George Cumming
Long & Foster REALTORS
List Price
$329,900
Sold Price
$320,000
Premium/Discount to List
-$9,900
-3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.00%

Purchase Details

Closed on
Jun 2, 2011
Sold by
Readler Craig M
Bought by
Grecheck Eugene S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,600
Interest Rate
4.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 14, 2009
Sold by
1400 Grove Avenue Llc
Bought by
Readler Craig M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$248,000
Interest Rate
5.14%
Mortgage Type
New Conventional
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
Shaffner Stephen E $430,000 Attorney
Koleda Paul S $320,000 --
Grecheck Eugene S $277,000 --
Readler Craig M $310,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shaffner Stephen E $305,000
Previous Owner Grecheck Eugene S $221,600
Previous Owner 1400 Grove Avenue Llc $150,000
Previous Owner Readler Craig M $248,000
Previous Owner Readler Craig M $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2021 07/19/21 Sold $430,000 +13.5% $280 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
06/15/2021 06/15/21 For Sale $378,900 +18.4% $246 / Sq Ft
07/01/2015 07/01/15 Sold $320,000 -3.0% $212 / Sq Ft
04/29/2015 04/29/15 Pending -- -- --
04/23/2015 04/23/15 For Sale $329,900 -- $219 / 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 $4,200 $350,000 $60,000 $290,000
2024 $3,744 $312,000 $60,000 $252,000
2023 $3,744 $312,000 $60,000 $252,000
2022 $3,744 $312,000 $60,000 $252,000
2021 $3,600 $312,000 $60,000 $252,000
2020 $3,600 $300,000 $63,000 $237,000
2019 $3,396 $283,000 $60,000 $223,000
2018 $3,048 $254,000 $60,000 $194,000
2017 $2,940 $245,000 $60,000 $185,000
2016 $2,250 $245,000 $60,000 $185,000
2015 -- $230,000 $60,000 $170,000
2014 -- $255,000 $60,000 $195,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2117036

Central Virginia Regional MLS

APN: W000-0528-032