NOT LISTED FOR SALE

1701 Summit Ave Unit 1 Richmond, VA 23230

Scott's Addition Neighborhood

Estimated Value: $401,000 - $422,000

2 Beds
2 Baths
1,271 Sq Ft
$325/mo HOA Fee

Last Sold April 05, 2019

Last sale price $290,000 $228 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $2,927/month

33 Days on Market

Highlights

  • 0.28 Acre Lot
  • Contemporary Architecture
  • Loft
  • Open High School Rated A+
  • Main Floor Bedroom
  • Granite Countertops

About This Home

As of April 2019

Rare, large, end unit, 2 Bedroom, 2 Bathroom condo loft for sale in Scott's Addition. Freshly painted and move in ready, this unit has been very well cared for with many updates including new hardwood floors in loft, new vanity top and faucets in master bath, new toilets, dishwasher and kitchen faucet. All appliances convey and Home Warranty in place for purchaser. Many amazing restaurants, breweries, movie theater, coffee shops, and activities to enjoy nearby - Scott's Addition is a very desirable and active area of town. Here's a rare opportunity to own a place in this exciting and growing area. There are 14 off-street parking spots shared on first come basis between the 14 units - one hang tag provided per unit.

Last Agent to Sell the Property

Joe Moulis

Long & Foster REALTORS License #0225225468 Listed on: 02/07/2019

Last Buyer's Agent

Betsy Dotterer

The Steele Group License #0225075877

The Steele Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,646

Year Built

  • Built in 1920

Lot Details

  • Historic Home

HOA Fees

  • $325 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 1,271 Sq Ft Home
  • 2-Story Property
  • Window Treatments
  • Loft
  • Ceramic Tile Flooring

Kitchen

  • Electric Cooktop
  • Stove
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • No Garage
  • On-Street Parking

Schools

  • Fox Elementary School
  • Albert Hill Middle School
  • Thomas Jefferson High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number N000-1599-032

Community Details

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,646

Year Built

Built in 1920

Lot Details

0

HOA Fees

$325 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1920
  • Property Attached Yn: Yes
  • Lot Size Acres: 0.2815
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Contemporary, Low Rise
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Historic
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Attached,Condominium
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Ceramic Tile
  • Appliances: Dryer, Dishwasher, Electric Cooking, Disposal, Refrigerator, Stove, Water Heater, Washer
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Bedroom on Main Level, Granite Counters, Loft, Window Treatments
  • Living Area: 1271.0
  • Stories: 2
  • Window Features: Window Treatments
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Rubber
  • Fencing: None
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Seller Disclosure
  • Construction Type: Brick, Drywall
  • Property Condition: Resale

Garage/Parking

  • Parking Features: No Garage, On Street

Utilities

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

Condo/Co-op/Association

  • Amenities: Landscaping
  • Association Fee: 325.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Hot Water, Maintenance Grounds, Maintenance Structure, Reserve Fund, Sewer, Snow Removal, Trash

Schools

  • Middle Or Junior School: Albert Hill

Lot Info

  • Parcel Number: N000-1599-032
  • Zoning Description: M-1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 1646.0

MLS Schools

  • Elementary School: Fox
  • High School: Thomas Jefferson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2019
Closed on
Mar 25, 2019
Sold by
Ford Michael A and Ford Miriam H
Bought by
Summit Ave Llc
Seller's Agent
Joe Moulis
Long & Foster REALTORS
Buyer's Agent
Betsy Dotterer
The Steele Group
List Price
$299,000
Sold Price
$290,000
Premium/Discount to List
-$9,000
-3.01%
Current Estimated Value
$411,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$121,748
Avg. Annual Appreciation
6.00%

Purchase Details

Closed on
Jan 23, 2007
Sold by
Seventeen One Summit Ave
Bought by
Ford Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,950
Interest Rate
6.22%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Summit Ave Llc $290,000 Attorney
Ford Michael $219,950 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ford Michael $164,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2019 04/05/19 Sold $290,000 -3.0% $228 / Sq Ft
03/12/2019 03/12/19 Pending -- -- --
02/07/2019 02/07/19 For Sale $299,000 -- $235 / 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 $3,936 $328,000 $55,000 $273,000
2024 $3,936 $328,000 $55,000 $273,000
2023 $3,780 $315,000 $55,000 $260,000
2022 $3,516 $293,000 $55,000 $238,000
2021 $3,348 $293,000 $55,000 $238,000
2020 $4,795 $279,000 $47,000 $232,000
2019 $983 $213,000 $45,000 $168,000
2018 $1,646 $208,000 $45,000 $163,000
2017 $2,400 $200,000 $45,000 $155,000
2016 $1,080 $200,000 $45,000 $155,000
2015 $1,080 $200,000 $45,000 $155,000
2014 $1,080 $200,000 $45,000 $155,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2019

    Joe Moulis

    Long & Foster

    Section Image
  • Betsy Dotterer

    Buyer's Agent in 2019

    Betsy Dotterer

    The Steele Group

    (804) 839-5907

    113 Total Sales

    Betsy Dotterer
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 1903940

Central Virginia Regional MLS

APN: N000-1599-032

Virginia Richmond City County Richmond 23230 Scott’s Addition

1701 Summit Ave Unit 1, Richmond, VA

This home is located at 1701 Summit Ave Unit 1, Richmond, VA 23230 since 07 February 2019 and is currently estimated at $411,748, approximately $323 per square foot. This property was built in 1920. 1701 Summit Ave Unit 1 is a home located in Richmond City with nearby schools including George W. Carver Elementary School, Albert Hill Middle, and Thomas Jefferson High School.

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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