NOT LISTED FOR SALE

1618 Park Ave Unit U3B Richmond, VA 23220

The Fan Neighborhood

Estimated Value: $309,913 - $345,000

2 Beds
1 Bath
779 Sq Ft
$336/mo HOA Fee

Last Sold June 22, 2023

Last sale price $290,000 $372 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,254/month

1 Day on Market

Highlights

  • City View
  • Contemporary Architecture
  • High Ceiling
  • Open High School Rated A+
  • Wood Flooring
  • 2-minute walk to Lombardy & Park Avenue Triangle

About This Home

As of June 2023

Charming condo in the heart of the Fan District. Low maintenance ceramic tiles in kitchen and bath, and natural hardwood floor throughout. Granite countertop kitchen with half wall and bar offers an open floor plan for entertaining your guests. Set up your own outdoor paradise on the large private balcony overlooking the charming Park Avenue. Condo has 2 accesses, one from the front door, and the back door serves as alternate entrance or fire escape making it a desirable safety feature. One deeded parking space behind the building, and plenty of street parking for your guests. Live, work and play in a vibrant community that has a lot to offer. Walking distance from shops and restaurant in the Fan District and VCU, and a short drive to Museum District, Short Pump, and Financial District in Downtown. Close to shopping, grocery, home improvement, entertainment and sport venues.

Last Agent to Sell the Property

Melissa Ly

Coldwell Banker Now License #0225097862 Listed on: 05/24/2023

Coldwell Banker Now

Last Buyer's Agent

Andy Burch

Taylor Homes License #0225235440

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,700

Year Built

  • Built in 1919

Lot Details

  • 741

HOA Fees

  • $336 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Fire Rated Drywall
  • Frame Construction
  • Metal Roof
  • Stucco

Interior Spaces

  • 779 Sq Ft Home
  • 1-Story Property
  • Central Vacuum
  • High Ceiling
  • Track Lighting
  • Window Treatments
  • City Views
  • Home Security System

Kitchen

  • Oven
  • Induction Cooktop
  • Stove
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • On-Street Parking
  • Assigned Parking

Outdoor Features

  • Balcony
  • Front Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number W000-0666-075

Community Details

Security

  • Controlled Access
  • Fire and Smoke Detector

Additional Features

  • Common Area

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,700

Year Built

Built in 1919

Lot Details

0

HOA Fees

$336 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: Contemporary, Low Rise
  • Entry Level: 3
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile, Wood
  • Appliances: Dryer, Dishwasher, Electric Cooking, Disposal, Oven, Refrigerator, Smooth Cooktop, Stove, Water Heater, Washer
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: Granite Counters, High Ceilings, Track Lighting, Walk-In Closet(s), Window Treatments, Central Vacuum
  • Living Area: 779.0
  • Stories: 1
  • Window Features: Window Treatments
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Flat, Metal
  • Fencing: None
  • Pool Features: None
  • View: City
  • View: Yes
  • Waterfront: No
  • Disclosures: Familial Relation
  • Construction Type: Brick, Brick Veneer, Drywall, Frame, Stucco
  • Exterior Features: Porch
  • Patio And Porch Features: Balcony, Rear Porch, Front Porch, Porch
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Assigned, On Street

Utilities

  • Heating: Electric, Forced Air
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Security System, Controlled Access, Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Common Grounds/Area, Home Owners Association
  • Amenities: Landscaping
  • Association Fee: 336.25
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Common Areas, Hot Water, Insurance, Maintenance Structure, Sewer, Snow Removal, Trash, Water

Schools

  • Middle Or Junior School: Dogwood

Lot Info

  • Parcel Number: W000-0666-075
  • Zoning Description: R-6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2700.0

MLS Schools

  • Elementary School: Fox
  • High School: Thomas Jefferson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2023
Closed on
Jun 12, 2023
Sold by
Ly Brian Quan
Bought by
Makkar Steven
Seller's Agent
Melissa Ly
Coldwell Banker Now
Buyer's Agent
Andy Burch
Taylor Homes
List Price
$309,900
Sold Price
$290,000
Premium/Discount to List
-$19,900
-6.42%
Views
59
Current Estimated Value
$321,228

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,228
Avg. Annual Appreciation
4.33%
Original Mortgage
$222,000
Outstanding Balance
$216,020
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$105,208

Purchase Details

Closed on
Jun 10, 2022
Sold by
Kazarian Elizabeth A
Bought by
Ly Brian Quan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2011
Sold by
Muasher Suheil J
Bought by
Rashid Ali M
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
Makkar Steven $290,000 None Listed On Document
Ly Brian Quan $288,400 First American Title
Rashid Ali M $199,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Makkar Steven $222,000
Previous Owner Ly Brian Quan $204,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/22/2023 06/22/23 Sold $290,000 -6.4% $372 / Sq Ft
05/26/2023 05/26/23 Pending -- -- --
05/24/2023 05/24/23 For Sale $309,900 -- $398 / 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

  • M

    Seller's Agent in 2023

    Melissa Ly

    Coldwell Banker Now

    Section Image
  • Andy Burch

    Buyer's Agent in 2023

    Andy Burch

    Taylor Homes

    (804) 929-2911

    2 in this area

    42 Total Sales

    Andy Burch
    Section Image
See All Agents

Map

Source: Central Virginia Regional MLS

MLS Number: 2312393

Central Virginia Regional MLS

APN: W000-0666-075

Virginia Richmond City County Richmond 23220 The Fan

1618 Park Ave Unit U3B, 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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