NOT LISTED FOR SALE

16 N Virginia Ave Richmond, VA 23223

Fairfield Neighborhood

Estimated Value: $263,215 - $357,000

3 Beds
1.5 Baths
1,380 Sq Ft
$224/Sq Ft Est. Value

Last Sold September 20, 2017

Last sale price $101,000 $73 Per Sq Ft

Est. 206% increase in value since last sale

Current estimated payment $1,758/month

24 Days on Market

Highlights

  • Wood Flooring
  • Additional Land
  • Forced Air Heating and Cooling System
  • Cottage
  • Front Porch
  • 1-Story Property

About This Home

As of September 2017

Don't let your Buyers miss out on this fantastic opportunity to own this very well maintained home of 1400 square feet all on a single level. Home needs modernizing but brand new HVAC system installed in January 2017. With vision, this house will be in incredible lovely. Home is solid as a Rock with original hard wood floors under carpet and plenty of land to add-on for a much larger home, if desired. All appliances have been under a Sears contract for well over 20 years and conveys to new owner paid through Feb 2018. Newer roof. This Listing also includes the following Lots adjoining Lots: 14 N Virginia Ave PID #817-726-1880 and 5713 1st Street PID #817-726-1087. Although there are no known defects to home, house is Sold As-Is and Owner will not make any repairs or pay for Termite Inspection; Inspections are welcome. Survey of actual property lines are encouraged, but expense will not be borne by owner.

Last Agent to Sell the Property

Sheila Payne

Fathom Realty Virginia License #0225207832 Listed on: 08/03/2017

Fathom Realty Virginia

Last Buyer's Agent

Ray Rivera

Realty of America LLC License #0225213341

Realty of America LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $700

Year Built

  • Built in 1935

Lot Details

  • 9,858 Sq Ft Lot
  • Back Yard Fenced
  • Additional Land
  • Zoning described as R3

Home Design

  • Cottage
  • Bungalow
  • Frame Construction
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,380 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • Driveway
  • Unpaved Parking
  • Off-Street Parking

Outdoor Features

  • Front Porch

Schools

  • Arthur Ashe Elementary School
  • Fairfield Middle School
  • Highland Springs

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Water Heater

Community Details

  • Bungalow City Subdivision

Listing and Financial Details

  • Tax Lot 19
  • Assessor Parcel Number 817-726-1787

Home Details

Home Type

Single Family

Est. Annual Taxes

$700

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1935
  • Property Attached Yn: No
  • Lot Size Acres: 0.2263
  • Ownership: Individuals
  • Subdivision Name: Bungalow City
  • Architectural Style: Bungalow, Cottage
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Carpet, Wood
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1380.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: Back Yard, Fenced
  • Lot Features: Additional Land Available
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame, Vinyl Siding
  • Exterior Features: Unpaved Driveway
  • Patio And Porch Features: Front Porch
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Driveway, Off Street, Unpaved

Utilities

  • Heating: Forced Air, Heat Pump, Natural Gas
  • Cooling: Central Air, Heat Pump
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Fairfield

Lot Info

  • Parcel Number: 817-726-1787
  • Zoning Description: R3
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 700.0
  • Tax Lot: 19

MLS Schools

  • Elementary School: Arthur Ashe
  • High School: Highland Springs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2017
Closed on
Sep 18, 2017
Sold by
Mallory Mary Anderson
Bought by
Ballout Linda
Seller's Agent
Sheila Payne
Fathom Realty Virginia
Buyer's Agent
Ray Rivera
Realty of America LLC
List Price
$101,000
Sold Price
$101,000
Current Estimated Value
$308,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,804
Avg. Annual Appreciation
14.77%
Original Mortgage
$92,490
Outstanding Balance
$77,173
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$231,631
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
Ballout Linda $101,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ballout Linda $92,490
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/20/2017 09/20/17 Sold $101,000 0.0% $73 / Sq Ft
08/27/2017 08/27/17 Pending -- -- --
08/03/2017 08/03/17 For Sale $101,000 -- $73 / 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 $1,672 $172,500 $35,000 $137,500
2024 $1,672 $160,200 $35,000 $125,200
2023 $1,362 $160,200 $35,000 $125,200
2022 $1,277 $150,200 $33,500 $116,700
2021 $1,092 $107,900 $28,000 $79,900
2020 $939 $107,900 $28,000 $79,900
2019 $911 $104,700 $28,000 $76,700
2018 $789 $90,700 $28,000 $62,700
2017 $700 $80,500 $28,000 $52,500
2016 $700 $80,500 $28,000 $52,500
2015 $664 $76,300 $28,000 $48,300
2014 $664 $76,300 $28,000 $48,300
Source: Public Records

Agents Affiliated with this Home

  • Sheila Payne

    Seller's Agent in 2017

    Sheila Payne

    Fathom Realty Virginia

    (301) 221-9673

    6 in this area

    48 Total Sales

    Sheila Payne
    Section Image
  • Ray Rivera

    Buyer's Agent in 2017

    Ray Rivera

    Realty of America LLC

    (804) 833-5711

    164 Total Sales

    Ray Rivera
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 1728081

Central Virginia Regional MLS

APN: 817-726-1787

Virginia Henrico County Richmond 23223 Fairfield

16 N Virginia Ave, Richmond, 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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