NOT LISTED FOR SALE
8 Beds
-- Bath
4,876 Sq Ft
3,859 Sq Ft Lot

Sale Details

Date Sold: January 18, 2022

Last sale price $975,000 $200 Per Sq Ft

2 Days on Market

About This Home

As of January 2022

1620 Park Ave is a quadplex prominently positioned in one of Richmond’s top historic locations in the Fan Neighborhood. The property has been recently renovated and is a prime opportunity for a multi-family investor or owner occupant buyer. The quadplex was originally built as a duplex and converted to four units. There are two 2 bedroom / 1 bathroom units on the first floor. The second floor contains one studio style unit with a bathroom and a 3 bedroom / 2 bathroom unit. Both units on the second floor have been completely renovated, featuring beautifully upgraded kitchens and bathrooms, restored hardwood floors, and new lighting fixtures. The infrastructure of the property has been considerably improved by the current owner. All units enjoy central cooling with newly installed ductwork and HVAC units. Major plumbing and electrical work has been completed throughout the property and the roof was refinished with all new TPO membrane material in 2019. Residents will also enjoy the four street parking spots allotted to the property by the City of Richmond.

Last Agent to Sell the Property

Justin Sledd

One South Commercial LLC License #0225191850 Listed on: 12/14/2021

One South Commercial LLC

Co-Listed By

Isaac Weintz

One South Commercial LLC License #0225250413

Last Buyer's Agent

NON MLS USER MLS

NON MLS OFFICE

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,304

Year Built

  • Built in 1910

Lot Details

  • 3,859 Sq Ft Lot

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Brick Exterior Construction
  • Metal Roof

Interior Spaces

  • 4,876 Sq Ft Home
  • 2-Story Property

Schools

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

Community Details

  • 4 Units

Listing and Financial Details

  • Tax Lot 371
  • Assessor Parcel Number W000-0666-048

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,304

Year Built

Built in 1910

Lot Details

3,859 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Year Built: 1910
  • Lot Size Acres: 0.0886
  • Co List Office Mls Id: ONES01
  • Co List Office Phone: (804) 353-0009
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Two Story
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Actual
  • Property Sub Type Additional: Quadruplex
  • General Property Information Below Grade Unfinished Area: 630.0
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement YN: No
  • Living Area: 4876.0
  • Stories: 2

Exterior Features

  • Roof: Flat, Metal
  • Waterfront: No
  • Construction Type: Brick

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Middle Or Junior School: Dogwood

Lot Info

  • Parcel Number: W000-0666-048
  • Zoning Description: R-6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 8304.0
  • Tax Lot: 371

Multi Family

  • Number Of Units Total: 4

MLS Schools

  • Elementary School: Fox
  • High School: Thomas Jefferson

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2021
Closed on
Jan 12, 2022
Sold by
Bought by
Seller's Agent
Justin Sledd
One South Commercial LLC
Buyer's Agent
NON MLS USER MLS
NON MLS OFFICE
List Price
$999,000
Sold Price
$975,000
Premium/Discount to List
-$24,000
-2.4%

Purchase Details

Listed on
Sep 23, 2016
Closed on
Nov 9, 2016
Sold by
Bought by
Seller's Agent
Christopher Small
PARK 27
Buyer's Agent
Jana Mills
Compass
List Price
$624,950
Sold Price
$550,000
Premium/Discount to List
-$74,950
-11.99%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.69%
Original Mortgage
$412,500
Interest Rate
3.42%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in The Fan, VA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$975,000 Fidelity National Title
$975,000 Fidelity National Title
$550,000 Foster Title Agency Llc
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $412,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/18/2022 01/18/22 Sold $975,000 -2.4% $200 / Sq Ft
12/16/2021 12/16/21 Pending -- -- --
12/14/2021 12/14/21 For Sale $999,000 +81.6% $205 / Sq Ft
11/14/2016 11/14/16 Sold $550,000 -8.3% $113 / Sq Ft View Prior Sale
10/20/2016 10/20/16 Pending -- -- --
10/18/2016 10/18/16 Price Changed $599,950 -4.0% $123 / Sq Ft
09/23/2016 09/23/16 For Sale $624,950 -- $128 / Sq Ft
Source: Central Virginia Regional MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $14,076 $1,173,000 $375,000 $798,000
2025 $11,796 $1,078,000 $375,000 $703,000
2024 $11,796 $983,000 $325,000 $658,000
2023 $11,604 $967,000 $325,000 $642,000
2022 $8,928 $744,000 $245,000 $499,000
2020 $4,104 $684,000 $200,000 $484,000
2019 $7,476 $623,000 $200,000 $423,000
2018 $6,420 $535,000 $180,000 $355,000
2017 $5,856 $488,000 $145,000 $343,000
2016 $5,628 $469,000 $135,000 $334,000
2015 $5,304 $448,000 $135,000 $313,000
2014 $5,304 $442,000 $130,000 $312,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2136579

Central Virginia Regional MLS

APN: W-000-0666-048

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