NOT LISTED FOR SALE

1402 Commerce Rd Richmond, VA 23224

Estimated Value: $2,130,376

-- Bed
-- Bath
15,002 Sq Ft
$142/Sq Ft Est. Value

About This Home

This home is located at 1402 Commerce Rd, Richmond, VA 23224 and is currently estimated at $2,130,376, approximately $142 per square foot. 1402 Commerce Rd is a home located in Richmond City with nearby schools including Blackwell Elementary School, Open High School, and Armstrong High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 30, 2024
Sold by
Ragsdale Associates
Bought by
1402 Commerce Llc
Current Estimated Value
$2,130,376

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,150,000
Outstanding Balance
$1,136,369
Interest Rate
7.03%
Mortgage Type
Credit Line Revolving
Estimated Equity
$994,007

Purchase Details

Closed on
Sep 9, 2005
Sold by
Manakin Farms Inc
Bought by
Ragsdale Associates

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.79%
Mortgage Type
Construction

Purchase Details

Closed on
Jan 3, 2001
Bought by
Carter Robert H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$57,500
Interest Rate
7.69%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 31, 2000
Bought by
Manakin Farms Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$836,000
Interest Rate
8.16%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
1402 Commerce Llc -- None Listed On Document
Ragsdale Associates $1,250,000 --
Carter Robert H $62,500 --
Manakin Farms Inc $990,000 --
Fa Manakin $990,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1402 Commerce Llc $1,150,000
Previous Owner Ragsdale Associates $1,000,000
Previous Owner Carter Robert H $57,500
Previous Owner Manakin Farms Inc $836,000
Source: Public Records

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 $15,312 $1,276,000 $587,000 $689,000
2024 $13,536 $1,128,000 $439,000 $689,000
2023 $13,044 $1,087,000 $316,000 $771,000
2022 $12,696 $1,058,000 $287,000 $771,000
2021 $12,034 $1,002,000 $255,000 $747,000
2020 $12,034 $1,002,000 $255,000 $747,000
2019 $11,866 $988,000 $243,000 $745,000
2018 $10,474 $872,000 $156,000 $716,000
2017 $10,474 $872,000 $156,000 $716,000
2016 $10,474 $872,000 $156,000 $716,000
2015 $10,474 $872,000 $174,000 $698,000
2014 $10,474 $872,000 $174,000 $698,000
Source: Public Records

Map

Virginia Richmond City County Richmond 23224

1402 Commerce Rd, Richmond, VA

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