NOT LISTED FOR SALE

1701 Summit Ave Unit 3 Richmond, VA 23230

Scott's Addition Neighborhood

Estimated Value: $377,681 - $408,000

2 Beds
2 Baths
1,062 Sq Ft
$400/mo HOA Fee

Last Sold August 05, 2024

Last sale price $375,000 $353 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,787/month

24 Days on Market

Highlights

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

About This Home

As of August 2024

Would you like to PURCHASE in booming SCOTT'S ADDITION & have a permanent PARKING SPOT, then look no further, you found your unicorn! MODERN INDUSTRIAL CONDO that combines today's amenities with industrial swag. Secure building with keyed entry provides comfort and serenity. Open & airy, with 20+ ft CATHEDRAL ceiling & wood beams, is this condo's WOW! Enhanced by steel beams & ceramic tile flooring, so many options for decor. Tons of natural light: 2 skylights, large window on the first floor & wall-to-wall windows in the loft. You'll love cooking or entertaining in the contemporary kitchen, with an eat-up bar, generous amount of cabinets, Frigidaire SS appliances, granite countertops, undermount sink, garbage disposal and new modern pendants. 1st floor BONUS room/bedrm has a full closet & high ceilings and would be perfect for your new home office. A full bathroom, with new wainscotting, tub and tiled shower surround, is just steps away on the 1st floor. The cozy, fenced patio, conveniently located off of the great room, is ideal for grilling and having a beverage. Enjoy your panoramic view as you walk up the open, modern staircase to the oversized, sunny loft bedroom, with high ceiling & an oversized closet. 2nd fl Laundry closet houses full size W/D that gives you space and privacy to do laundry. The loft ensuite boast a tiled shower and vanity. Ceiling fans throughout. A fantastic opportunity to OWN a beautiful condo in the heart of RVA's sought after area that has everything at your fingertips: well-known restaurants (Pinky's just steps away from your front door), distillery, breweries, bowling, movie theatre, music venues, cafes, gym and so much more! Schedule your showing today! Don't forget your investors, they might love to add this to their portfolio.

Last Agent to Sell the Property

Sheri Collins

Shaheen Ruth Martin & Fonville Brokerage Email: info@srmfre.com License #0225224165 Listed on: 06/12/2024

Shaheen Ruth Martin & Fonville

Last Buyer's Agent

Victoria Brown

Call It Closed International I License #0225222705

Call It Closed International I

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,552

Year Built

  • Built in 1920

Lot Details

  • 0.28

HOA Fees

  • $400 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Brick Exterior Construction
  • Pitched Roof

Interior Spaces

  • 1,062 Sq Ft Home
  • 2-Story Property
  • Beamed Ceilings
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Loft

Kitchen

  • Eat-In Kitchen
  • Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Shared Basement
  • Basement Storage

Home Security

Parking

  • No Garage
  • Open Parking
  • Parking Lot

Outdoor Features

  • Patio

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number N000-1599-034

Community Details

Overview

  • Summit Lofts Condo Subdivision

Amenities

  • Community Storage Space

Security

  • Controlled Access
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,552

Year Built

Built in 1920

Lot Details

0

HOA Fees

$400 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1920
  • Property Attached Yn: Yes
  • Attribution Contact: info@srmfre.com
  • Lot Size Acres: 0.2815
  • Ownership: Individuals
  • Subdivision Name: Summit Lofts Condo
  • Above Grade Finished Sq Ft: 1062.0
  • Architectural Style: Contemporary
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Basement: Common Basement, Storage Space
  • Appliances: Dryer, Dishwasher, Electric Cooking, Disposal, Microwave, Oven, Refrigerator, Washer
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: Beamed Ceilings, Bedroom on Main Level, Ceiling Fan(s), Cathedral Ceiling(s), Eat-in Kitchen, Granite Counters, Loft, Skylights, Cable TV
  • Living Area: 1062.0
  • Stories: 2
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Pitched
  • Fencing: None
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Familial Relation
  • Construction Type: Brick
  • Patio And Porch Features: Patio
  • Property Condition: Resale

Garage/Parking

  • Open Parking: Yes
  • Parking Features: No Garage, Parking Lot

Utilities

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

Condo/Co-op/Association

  • Community Features: Home Owners Association, Storage Facilities
  • Amenities: Management
  • Association Fee: 400.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Common Areas, Insurance, Maintenance Structure, Sewer, Trash

Schools

  • Middle Or Junior School: Albert Hill

Lot Info

  • Parcel Number: N000-1599-034
  • Zoning Description: M-1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 3552.0

MLS Schools

  • Elementary School: Fox
  • High School: Thomas Jefferson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 12, 2024
Closed on
Aug 2, 2024
Sold by
Collins Harold W
Bought by
Unger Samantha
Seller's Agent
Sheri Collins
Shaheen Ruth Martin & Fonville
Buyer's Agent
Victoria Brown
Call It Closed International I
List Price
$365,000
Sold Price
$375,000
Premium/Discount to List
$10,000
2.74%
Views
204
Current Estimated Value
$395,420

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$20,420
Avg. Annual Appreciation
3.89%
Original Mortgage
$300,000
Outstanding Balance
$296,605
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$98,815

Purchase Details

Listed on
Jun 16, 2021
Closed on
Sep 27, 2021
Sold by
Sprawls James and Mcmahon Helen
Bought by
Collins Harold W
Seller's Agent
Kali Strain
Snipes Properties
Buyer's Agent
Sheri Collins
Shaheen Ruth Martin & Fonville
List Price
$305,000
Sold Price
$305,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.52%
Original Mortgage
$295,850
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 8, 2010
Sold by
Killiam Hannah R
Bought by
Sprawls James and Mcmahon Helen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,432
Interest Rate
5.25%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 22, 2006
Sold by
Seventeen One Summit Ave
Bought by
Foreman Hannah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,950
Interest Rate
6.29%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Unger Samantha $375,000 Fidelity National Title
Collins Harold W $305,000 None Available
Sprawls James $170,000 --
Foreman Hannah $219,950 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Unger Samantha $300,000
Previous Owner Collins Harold W $295,850
Previous Owner Sprawls James $141,432
Previous Owner Foreman Hannah $219,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/05/2024 08/05/24 Sold $375,000 +2.7% $353 / Sq Ft
07/09/2024 07/09/24 Pending -- -- --
06/15/2024 06/15/24 For Sale $365,000 +19.7% $344 / Sq Ft
09/30/2021 09/30/21 Sold $305,000 +1.7% $287 / Sq Ft View Prior Sale
08/25/2021 08/25/21 Pending -- -- --
07/28/2021 07/28/21 Price Changed $299,950 -1.7% $282 / Sq Ft
06/16/2021 06/16/21 For Sale $305,000 -- $287 / 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 $2,856 $263,000 $45,000 $218,000
2019 $1,862 $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 $200,000 $45,000 $155,000
2014 $1,020 $200,000 $45,000 $155,000
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2024

    Sheri Collins

    Shaheen Ruth Martin & Fonville

    (209) 969-2788

    2 in this area

    21 Total Sales

    Sheri Collins
    Section Image
  • Victoria Brown

    Buyer's Agent in 2024

    Victoria Brown

    Call It Closed International I

    (804) 774-5583

    1 in this area

    106 Total Sales

    Victoria Brown
    Section Image

  • K

    Seller's Agent in 2021

    Kali Strain

    Snipes Properties

    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 2414750

Central Virginia Regional MLS

APN: N000-1599-034

Virginia Richmond City County Richmond 23230 Scott’s Addition

1701 Summit Ave Unit 3, Richmond, VA

Not Listed for Sale

Condos

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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