NOT LISTED FOR SALE
5 Beds
-- Bath
3,585 Sq Ft
2,940 Sq Ft Lot

Sale Details

Date Sold: January 19, 2021

Last sale price $615,000 $172 Per Sq Ft

5 Days on Market

Highlights

  • Rowhouse Architecture
  • High Ceiling
  • 5-minute walk to Lombardy & Park Avenue Triangle
  • Open High School Rated A+
  • 1 Car Detached Garage

About This Home

As of January 2021

Available for sale is 1629 West Grace Street. This multifamily quadplex offers Value Add opportunity with cosmetic improvements.
The property is comprised of two 1 bedroom, 1 bathroom apartments; one 2 bedroom, 1 bathroom apartment, & one studio apartment.
A detached garage on the premises & is leased on a month-to-month basis. Located on historic West Grace Street in Richmond’s vibrant Fan District neighborhood, these apartments rent below market and feature central heat & air as well as a shared washer dryer on site. Tenants are responsible for all utilities except water. Only blocks from VCU, the property is located near shops and restaurants along West Broad Street, including the new Whole Foods, tenants also have easy access to I-195, I-95, & I-64. And just north of Broad Street to the west is the exciting neighborhood of Scott’s Addition with its former industrial properties renovated as apartments, restaurants, & breweries.

Last Agent to Sell the Property

Justin Sledd

One South Commercial LLC License #0225191850 Listed on: 12/03/2020

One South Commercial LLC

Last Buyer's Agent

Tom Rosman

One South Commercial LLC License #0225268571

One South Commercial LLC
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Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,976

Year Built

  • Built in 1904

Lot Details

  • 2,940 Sq Ft Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Rowhouse Architecture
  • Brick Exterior Construction
  • Plaster

Interior Spaces

  • 3,585 Sq Ft Home
  • 3-Story Property
  • High Ceiling
  • Partial Basement

Schools

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

Community Details

  • 4 Units
  • Gross Income $46,200

Listing and Financial Details

  • Assessor Parcel Number W000-0735-016

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,976

Year Built

Built in 1904

Lot Details

2,940 Sq Ft Lot

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Year Built: 1904
  • Lot Size Acres: 0.0675
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Row House, Tri-Level
  • Garage Yn: Yes
  • Unit Levels: Three Or More, Multi/Split
  • Building Stories: 3
  • Structure Type: Townhouse
  • Year Built Details: Actual
  • Property Sub Type Additional: Quadruplex
  • General Property Information Below Grade Unfinished Area: 270.0
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement: Partial
  • Basement YN: Yes
  • Interior Amenities: High Ceilings
  • Living Area: 3585.0
  • Stories: 3

Exterior Features

  • Roof: Other
  • Waterfront: No
  • Construction Type: Brick, Plaster

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.0
  • Parking Features: Detached, Garage

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Middle Or Junior School: Dogwood

Lot Info

  • Parcel Number: W000-0735-016
  • Zoning Description: R-48
  • ResoLotSizeUnits: Acres

Multi Family

  • Gross Income: 46200.0
  • Number Of Units Total: 4

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 5976.0

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 3, 2020
Closed on
Jan 12, 2021
Sold by
Bought by
Seller's Agent
Justin Sledd
One South Commercial LLC
Buyer's Agent
Tom Rosman
One South Commercial LLC
List Price
$575,000
Sold Price
$615,000
Premium/Discount to List
$40,000
6.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$492,000
Outstanding Balance
$428,997
Interest Rate
2.6%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Dec 1, 2016
Closed on
Jan 23, 2017
Sold by
Bought by
Seller's Agent
Patrick Sanderson
Neumann & Dunn Real Estate
Buyer's Agent
Christopher Small
PARK 27
List Price
$535,000
Sold Price
$513,500
Premium/Discount to List
-$21,500
-4.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.64%
Original Mortgage
$385,125
Interest Rate
4.13%
Mortgage Type
Commercial

Purchase Details

Closed on
May 27, 2009
Sold by
Bought by

Purchase Details

Closed on
Aug 22, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$408,500
Interest Rate
6.83%
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
$615,000 Attorney
$513,500 Attorney
$220,000 --
$430,000 --
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
Open $492,000
Previous Owner $385,125
Previous Owner $408,500
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
01/19/2021 01/19/21 Sold $615,000 +7.0% $172 / Sq Ft
12/08/2020 12/08/20 Pending -- -- --
12/03/2020 12/03/20 For Sale $575,000 +12.0% $160 / Sq Ft
01/26/2017 01/26/17 Sold $513,500 -4.0% $143 / Sq Ft View Prior Sale
12/01/2016 12/01/16 Pending -- -- --
12/01/2016 12/01/16 For Sale $535,000 -- $149 / 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 $9,348 $779,000 $250,000 $529,000
2025 $8,256 $737,000 $250,000 $487,000
2024 $8,256 $688,000 $230,000 $458,000
2023 $7,884 $657,000 $210,000 $447,000
2022 $7,128 $594,000 $155,000 $439,000
2020 $5,976 $538,000 $140,000 $398,000
2019 $5,232 $516,000 $140,000 $376,000
2018 $4,164 $467,000 $125,000 $342,000
2017 $5,376 $448,000 $105,000 $343,000
2016 $3,312 $436,000 $105,000 $331,000
2015 $3,144 $392,000 $105,000 $287,000
2014 $3,144 $394,000 $100,000 $294,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2036127

Central Virginia Regional MLS

APN: W-000-0735-016

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