NOT LISTED FOR SALE

1600 Grove Ave Unit 5 Richmond, VA 23220

The Fan Neighborhood

Estimated Value: $273,000 - $389,000

2 Beds
1 Bath
700 Sq Ft
$180/mo HOA Fee

Last Sold June 01, 2018

Last sale price $207,500 $296 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $2,015/month

1 Day on Market

Highlights

  • Wood Flooring
  • Granite Countertops
  • Front Porch
  • Open High School Rated A+
  • Balcony
  • 2-minute walk to Lombardy & Park Avenue Triangle

About This Home

As of June 2018

UPDATED CONDO IN THE HEART OF THE FAN! This beautiful top floor corner unit, is perfectly nestled in the heart of the fan, on historic Grove Ave, and boast features like: handsome hardwoods and moldings that run throughout; large spacious rooms; an updated kitchen with granite countertops, stainless steel appliances, and solid wood cabinetry; a family room with French doors that lead out to a private balcony; a formal dining room; a master bedroom with direct access to the ceramic tile bath; vinyl replacement windows; a euro-style washer and dryer in unit; multiple closets with lots of storage; and so much more! The home also boasts amenities like a tax abatement in effect till 2019, storage and a full sized washer/dryer in the shared basement, and low monthly association dues which include: water, sewer, and trash for the unit. Top this all off with an amazing location just around the corner from Flora, Kuba Kuba, and Lombardy Park and you’ll be hard pressed to find a better deal. Your friends will be jealous you found this one before they did; don't miss out on this fantastic opportunity!

Last Agent to Sell the Property

Sean Pierce

GO Real Estate Inc License #0225198603 Listed on: 03/29/2018

Last Buyer's Agent

Ashley Hearne

RE/MAX Commonwealth License #0225184357

RE/MAX Commonwealth

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,800

Year Built

  • Built in 1917

Lot Details

  • 832

HOA Fees

  • $180 Monthly HOA Fees

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • 700 Sq Ft Home
  • 1-Story Property
  • Wired For Data
  • Ceiling Fan
  • Recessed Lighting
  • Track Lighting
  • French Doors
  • Dining Area
  • Wood Flooring
  • Washer Hookup

Kitchen

  • Gas Cooktop
  • Stove
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Outdoor Features

  • Balcony
  • Front Porch

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Vented Exhaust Fan
  • High Speed Internet

Listing and Financial Details

  • Assessor Parcel Number W000-0664-047

Community Details

Overview

  • Edison Condo Subdivision

Additional Features

  • Community Storage Space
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,800

Year Built

Built in 1917

Lot Details

0

HOA Fees

$180 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1917
  • Property Attached Yn: Yes
  • Lot Size Acres: 0.0191
  • Ownership: Individuals
  • Subdivision Name: Edison Condo
  • Architectural Style: Other
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Attached,Condominium
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Wood
  • Basement: Common Basement, Full, Unfinished
  • Appliances: Dishwasher, Exhaust Fan, Gas Cooking, Microwave, Stove
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: French Doors
  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Dining Area, French Door(s)/Atrium Door(s), Granite Counters, High Speed Internet, Recessed Lighting, Track Lighting, Wired for Data
  • Living Area: 700.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Shingle
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Brick, Mixed, Stucco
  • Patio And Porch Features: Balcony, Front Porch
  • Property Condition: Resale

Garage/Parking

  • Parking Features: On Street

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Common Area, Washer Hookup
  • Security: Controlled Access
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Home Owners Association, Laundry Facilities, Storage Facilities
  • Association Fee: 180.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Common Areas, Hot Water, Insurance, Sewer, Trash, Water

Schools

  • Middle Or Junior School: Dogwood

Lot Info

  • Parcel Number: W000-0664-047
  • Zoning Description: R-6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 1800.0

MLS Schools

  • Elementary School: Fox
  • High School: Thomas Jefferson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2018
Closed on
May 21, 2018
Sold by
Albert Christopher T
Bought by
Pollard Jennifer B
Seller's Agent
Sean Pierce
GO Real Estate Inc
Buyer's Agent
Ashley Hearne
RE/MAX Commonwealth
List Price
$199,950
Sold Price
$207,500
Premium/Discount to List
$7,550
3.78%
Current Estimated Value
$312,216

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,716
Avg. Annual Appreciation
5.67%
Original Mortgage
$201,275
Outstanding Balance
$173,304
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$138,912
Source: Public Records

Range of Values:

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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
Pollard Jennifer B $207,500 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pollard Jennifer B $201,275
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/01/2018 06/01/18 Sold $207,500 +3.8% $296 / Sq Ft
03/30/2018 03/30/18 Pending -- -- --
03/29/2018 03/29/18 For Sale $199,950 -- $286 / 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 $2,376 $198,000 $45,000 $153,000
2024 $2,136 $178,000 $45,000 $133,000
2023 $2,136 $178,000 $45,000 $133,000
2022 $2,136 $178,000 $45,000 $133,000
2021 $2,136 $178,000 $45,000 $133,000
2020 $2,136 $178,000 $37,000 $141,000
2019 $1,817 $168,000 $40,000 $128,000
2018 $1,531 $156,000 $40,000 $116,000
2017 $1,800 $150,000 $40,000 $110,000
2016 $1,176 $150,000 $40,000 $110,000
2015 $1,020 $150,000 $40,000 $110,000
2014 $1,020 $150,000 $40,000 $110,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 1810245

Central Virginia Regional MLS

APN: W000-0664-047