$245,000
SOLD JUN 1, 2018
2 Beds
2 Baths
1,005 Sq Ft
$300/mo HOA Fee

Recently Sold

$244 Per Sq Ft

1% Below List Price

3 Days on Market

Highlights

  • 0.28 Acre Lot
  • Main Floor Bedroom
  • Granite Countertops
  • Open High School Rated A+
  • High Ceiling
  • Beamed Ceilings

About This Home

As of October 2022

This community is HOT! This contemporary loft unit has soaring ceilings with exposed wood beams, lots of natural light through family room wall of windows. The kitchen features granite counter tops, with bar seating, pendant lighting, 42" cabinets with display front, stainless appliances and more. The exposed staircase leads to the 2nd floor master loft, which features private bath lots of natural light, and upstairs laundry exposed wood. The community is vibrant and walkable to Urban Farmhouse Market & Café, Bowtie Theatre, Breweries, Restaurants including Tazza Kitchen and Boulevard Burger and Brew, Peak Experiences, Bowling, The Diamond and so much more. Don't miss this opportunity to own in one of Richmond's hottest locations. Refrigerator, Washer and Dryer convey.

Last Agent to Sell the Property

Zelma Watkins

Virginia Capital Realty License #0225069892 Listed on: 05/04/2018

Virginia Capital Realty

Last Buyer's Agent

Shannon Harton

Nest Realty Group License #0225077165

Nest Realty Group

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,280

Year Built

  • Built in 1920

HOA Fees

  • $300 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Rubber Roof

Interior Spaces

  • 1,005 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • High Ceiling
  • Ceiling Fan
  • Home Security System
  • Granite Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Schools

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

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number N000-1599-041

Community Details

Overview

  • Summit Lofts Condo Subdivision

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,280

Year Built

Built in 1920

Lot Details

0

HOA Fees

$300 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: Summit Lofts Condo
  • Architectural Style: Two Story
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Attached,Condominium
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Carpet, Tile
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Beamed Ceilings, Bedroom on Main Level, Ceiling Fan(s), Granite Counters, High Ceilings, Bath in Primary Bedroom
  • Living Area: 1005.0
  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Rubber
  • Fencing: None
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Disclosure on File
  • Construction Type: Brick
  • Property Condition: Resale

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Security System, Fire Sprinkler System
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 300.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Maintenance Grounds, Sewer, Snow Removal, Water

Schools

  • Middle Or Junior School: Albert Hill

Lot Info

  • Parcel Number: N000-1599-041
  • Zoning Description: M-1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 2280.0

MLS Schools

  • Elementary School: Fox
  • High School: Thomas Jefferson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2021
Closed on
Sep 20, 2021
Sold by
Chung Anthony J
Bought by
Gower Anthony Ray and Gower Sheila Marie
Seller's Agent
Shannon Harton
Nest Realty Group
Buyer's Agent
Mike Boone
Boone Residential LLC
List Price
$299,900
Sold Price
$299,900
Current Estimated Value
$378,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,448
Avg. Annual Appreciation
5.94%
Original Mortgage
$269,910
Outstanding Balance
$247,730
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$125,968

Purchase Details

Listed on
May 4, 2018
Closed on
May 31, 2018
Sold by
Manning Damon Delano
Bought by
Chung Antony J
Seller's Agent
Zelma Watkins
Virginia Capital Realty
Buyer's Agent
Shannon Harton
Nest Realty Group
List Price
$248,500
Sold Price
$245,000
Premium/Discount to List
-$3,500
-1.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.28%
Original Mortgage
$175,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2007
Sold by
Seventeen One Summit Ave
Bought by
Manning Damon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$201,950
Interest Rate
6.24%
Mortgage Type
New Conventional
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $299,900 Attorney
Warranty Deed $245,000 Attorney
Warranty Deed $201,950 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $269,910 New Conventional
Previous Owner $175,000 New Conventional
Previous Owner $201,950 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/12/2022 10/12/22 Sold $335,000 0.0% $333 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
09/01/2022 09/01/22 For Sale $335,000 +11.7% $333 / Sq Ft
09/23/2021 09/23/21 Sold $299,900 0.0% $298 / Sq Ft
08/23/2021 08/23/21 Pending -- -- --
08/19/2021 08/19/21 For Sale $299,900 +22.4% $298 / Sq Ft
06/01/2018 06/01/18 Sold $245,000 -1.4% $244 / Sq Ft
05/07/2018 05/07/18 Pending -- -- --
05/04/2018 05/04/18 For Sale $248,500 -- $247 / 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 $3,708 $309,000 $55,000 $254,000
2024 $3,708 $309,000 $55,000 $254,000
2023 $3,552 $296,000 $55,000 $241,000
2022 $3,312 $276,000 $55,000 $221,000
2021 $3,156 $276,000 $55,000 $221,000
2020 $2,880 $263,000 $45,000 $218,000
2019 $936 $202,000 $45,000 $157,000
2018 $1,558 $197,000 $45,000 $152,000
2017 $2,280 $190,000 $45,000 $145,000
2016 $1,020 $190,000 $45,000 $145,000
2015 $1,020 $190,000 $45,000 $145,000
2014 $1,020 $190,000 $45,000 $145,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 1816227

Central Virginia Regional MLS

APN: N000-1599-041