NOT LISTED FOR SALE

Estimated Value: $236,000 - $302,000

2 Beds
1.5 Baths
1,120 Sq Ft
$232/Sq Ft Est. Value

Last Sold May 21, 2021

Last sale price $162,500 $145 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $1,777/month

144 Days on Market

Highlights

  • Under Construction
  • Colonial Architecture
  • Tankless Water Heater
  • Open High School Rated A+
  • Wood Flooring
  • Central Air

About This Home

As of May 2021

This home is located at 1616 Chestnut Park Ln, Richmond, VA 23222 since 13 July 2020 and is currently estimated at $259,405, approximately $231 per square foot. This property was built in 2020. 1616 Chestnut Park Ln is a home located in Richmond City with nearby schools including Overby-Sheppard Elementary School, Henderson Middle School, and Open High School.

Last Agent to Sell the Property

Smitty Smith

United Real Estate Richmond License #0225274045 Listed on: 07/13/2020

United Real Estate Richmond

Co-Listed By

June Smith

United Real Estate Richmond License #0225206355

Last Buyer's Agent

Bruce Richardson

Virginia Capital Realty License #0225186902

Virginia Capital Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,012

Year Built

  • Built in 2020 | Under Construction

Lot Details

  • 2,309

HOA Fees

  • $115 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Frame Construction
  • Shingle Roof
  • HardiePlank Type

Interior Spaces

  • 1,120 Sq Ft Home
  • 2-Story Property

Kitchen

  • Stove
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Partially Carpeted

Bedrooms and Bathrooms

  • 2 Bedrooms

Schools

  • Overby-Sheppard Elementary School
  • Martin Luther King Jr. Middle School
  • John Marshall High School

Utilities

  • Central Air
  • Heat Pump System
  • Tankless Water Heater

Community Details

  • Chestnut Hills Subdivision

Listing and Financial Details

  • Assessor Parcel Number Not Assigned Yet

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,012

Year Built

Built in 2020 | Under Construction

Lot Details

0

HOA Fees

$115 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 2020
  • Property Attached Yn: Yes
  • Co List Office Mls Id: RCBR01
  • Co List Office Phone: 804-350-4139
  • Ownership: Corporate
  • Subdivision Name: Chestnut Hills
  • Architectural Style: Colonial, Two Story
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: Yes
  • Building Stories: 2
  • Year Built Details: Under Construction
  • ResoBuildingAreaSource: Builder
  • Property Sub Type Additional: Single Family Residence
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Flooring: Partially Carpeted, Wood
  • Appliances: Dishwasher, Microwave, Refrigerator, Stove, Tankless Water Heater
  • Basement YN: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 1120.0
  • Stories: 2
  • ResoLivingAreaSource: Builder

Exterior Features

  • Roof: Shingle
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame, HardiPlank Type
  • Property Condition: New Construction, Under Construction

Utilities

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

Condo/Co-op/Association

  • Association Fee: 115.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds, Maintenance Structure

Schools

  • Middle Or Junior School: Martin Luther King Jr.

Lot Info

  • Parcel Number: Not Assigned Yet
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 1.0

MLS Schools

  • Elementary School: Overby-Sheppard
  • High School: John Marshall

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 13, 2020
Closed on
May 19, 2021
Sold by
Southside Community Development And Hous
Bought by
Bull Raemonikay Y
Seller's Agent
Smitty Smith
United Real Estate Richmond
Buyer's Agent
Bruce Richardson
Virginia Capital Realty
List Price
$162,500
Sold Price
$162,500
Current Estimated Value
$259,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,905
Avg. Annual Appreciation
11.15%
Original Mortgage
$9,000
Outstanding Balance
$8,179
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$247,327
Source: Public Records

Range of Values:

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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
Bull Raemonikay Y $162,500 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bull Raemonikay Y $9,000
Closed Bull Raemonika Y $9,000
Closed Bull Raemonika Y $1,000
Open Bull Raemonikay Y $157,076
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/21/2021 05/21/21 Sold $162,500 0.0% $145 / Sq Ft
12/04/2020 12/04/20 Pending -- -- --
07/13/2020 07/13/20 For Sale $162,500 -- $145 / 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 $3,012 $251,000 $56,000 $195,000
2024 $2,844 $237,000 $50,000 $187,000
2023 $2,736 $228,000 $50,000 $178,000
2022 $2,460 $205,000 $27,000 $178,000
2021 $252 $21,000 $21,000 $0
2020 $252 $21,000 $21,000 $0
2019 $180 $15,000 $15,000 $0
2018 $180 $15,000 $15,000 $0
2017 $180 $15,000 $15,000 $0
2016 $240 $20,000 $20,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2020913

Central Virginia Regional MLS

APN: N000-0339-033