NOT LISTED FOR SALE

1618 Park Ave Unit U2A Richmond, VA 23220

The Fan Neighborhood

Estimated Value: $306,220 - $353,000

2 Beds
1 Bath
779 Sq Ft
$146/mo HOA Fee

Last Sold October 16, 2020

Last sale price $230,000 $295 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $2,129/month

1 Day on Market

Highlights

  • Granite Countertops
  • Balcony
  • Ceiling Fan
  • Open High School Rated A+
  • Central Air
  • 2-minute walk to Lombardy & Park Avenue Triangle

About This Home

As of October 2020

Welcome to the Wellesley Condominiums, located in the heart of the Fan District!! This two bedroom, second-floor front unit over looking beautiful Park Avenue is freshly painted and move-in ready!! All newer systems including electrical, plumbing, and heat pump! Kitchen with granite countertops and stainless steel appliances, including a side-by-side refrigerator with ice maker! Refinished wood floors throughout plus Euro washer and dryer. Storage unit in basement included as well as one assigned parking space . Great location close to all the Fan "favorites"!

Last Agent to Sell the Property

Sam Smith

Towne & Country Real Estate License #0225099506 Listed on: 09/11/2020

Last Buyer's Agent

Robbie Tyler

ERA Woody Hogg & Assoc License #0225096821

ERA Woody Hogg & Assoc

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,438

Year Built

  • Built in 1919

Lot Details

  • 741

HOA Fees

  • $146 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Stucco

Interior Spaces

  • 779 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Track Lighting
  • Dining Area
  • Stacked Washer and Dryer

Kitchen

  • Induction Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Basement

  • Shared Basement
  • Basement Storage

Parking

  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Balcony

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number W000-0666-070

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,438

Year Built

Built in 1919

Lot Details

0

HOA Fees

$146 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1919
  • Property Attached Yn: Yes
  • Lot Size Acres: 0.017
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Low Rise
  • Entry Level: 2
  • 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

  • Basement: Common Basement, Storage Space
  • Appliances: Washer/Dryer Stacked, Dishwasher, Electric Cooking, Electric Water Heater, Microwave, Refrigerator, Smooth Cooktop
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: Ceiling Fan(s), Dining Area, Granite Counters, Track Lighting
  • Living Area: 779.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

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

Garage/Parking

  • Parking Features: Assigned, Off Street

Utilities

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

Condo/Co-op/Association

  • Association Fee: 146.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Middle Or Junior School: Dogwood

Lot Info

  • Parcel Number: W000-0666-070
  • Zoning Description: R-6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 2438.0

MLS Schools

  • Elementary School: Fox
  • High School: Thomas Jefferson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 11, 2020
Closed on
Oct 14, 2020
Sold by
Hugo Timothy D and Hugo Paula M
Bought by
Terpay Andrew J
Seller's Agent
Sam Smith
Towne & Country Real Estate
Buyer's Agent
Robbie Tyler
ERA Woody Hogg & Assoc
List Price
$230,000
Sold Price
$230,000
Current Estimated Value
$333,555

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$103,555
Avg. Annual Appreciation
7.56%
Original Mortgage
$184,000
Outstanding Balance
$163,658
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$169,897

Purchase Details

Closed on
Apr 28, 2006
Sold by
Avenue 1618 Park
Bought by
Hugo Timothy D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
6.34%
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
Terpay Andrew J $230,000 Attorney
Hugo Timothy D $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Terpay Andrew J $184,000
Previous Owner Hugo Timothy D $230,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2020 10/16/20 Sold $230,000 0.0% $295 / Sq Ft
09/12/2020 09/12/20 Pending -- -- --
09/11/2020 09/11/20 For Sale $230,000 -- $295 / 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 $2,700 $225,000 $50,000 $175,000
2024 $2,700 $225,000 $50,000 $175,000
2023 $2,700 $225,000 $50,000 $175,000
2022 $2,700 $225,000 $50,000 $175,000
2021 $2,700 $225,000 $50,000 $175,000
2020 $2,438 $225,000 $47,000 $178,000
2019 $2,054 $212,000 $45,000 $167,000
2018 $1,738 $197,000 $45,000 $152,000
2017 $2,280 $190,000 $45,000 $145,000
2016 $1,320 $177,000 $45,000 $132,000
2015 $1,320 $195,000 $45,000 $150,000
2014 $1,320 $195,000 $45,000 $150,000
Source: Public Records

Agents Affiliated with this Home

  • Sam Smith

    Seller's Agent in 2020

    Sam Smith

    Towne & Country Real Estate

    (804) 339-7344

    59 Total Sales

    Sam Smith
    Section Image
  • Robbie Tyler

    Buyer's Agent in 2020

    Robbie Tyler

    ERA Woody Hogg & Assoc

    (804) 641-6650

    81 Total Sales

    Robbie Tyler
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 2027426

Central Virginia Regional MLS

APN: W000-0666-070

Virginia Richmond City County Richmond 23220 The Fan

1618 Park Ave Unit U2A, Richmond, VA

Not Listed for Sale

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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