NOT LISTED FOR SALE

1701 Summit Ave Unit 4 Richmond, VA 23230

Scott's Addition Neighborhood

Estimated Value: $380,049 - $410,000

2 Beds
2 Baths
1,049 Sq Ft
$420/mo HOA Fee

Last Sold October 16, 2024

Last sale price $375,000 $357 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,803/month

22 Days on Market

Highlights

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

About This Home

As of October 2024

Welcome to 1701 Summit Avenue, Unit #4, where loft living meets modern elegance in the heart of Scott's Addition. This stunning 2-bedroom, 2-bathroom condo is housed in a beautifully converted industrial building, offering both style and functionality. Step inside to be greeted by 16+ foot beamed ceilings and an open floor plan that seamlessly connects the great room and kitchen, making it perfect for entertaining or unwinding. The kitchen is a chef's dream with granite countertops, stainless steel appliances, and rich wooden cabinets. The first floor also features a spacious bedroom and full bathroom, while the upstairs primary suite offers an ensuite bathroom and convenient washer and dryer access. The true gem of this home is its unbeatable location, just steps away from Scott's Addition's top restaurants, breweries, coffee shops, and a short stroll to Richmond's best museums and The Diamond. Don't miss this exceptional opportunity to live in one of Richmond's most vibrant neighborhoods! Notables: HVAC (2019)

Last Agent to Sell the Property

Owen Thatcher

Providence Hill Real Estate License #0225237444 Listed on: 09/04/2024

Co-Listed By

Caleb Boyer

Providence Hill Real Estate License #0225225333

Last Buyer's Agent

Christina Cuevas Pearson

Compass License #0225266292

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,708

Year Built

  • Built in 1920

Lot Details

  • Property fronts an alley

HOA Fees

  • $420 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Metal Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 1,049 Sq Ft Home
  • 2-Story Property
  • Wired For Data
  • Beamed Ceilings
  • High Ceiling
  • Ceiling Fan
  • Skylights
  • Track Lighting
  • Loft
  • Stacked Washer and Dryer

Kitchen

  • Oven
  • Stove
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

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

Home Security

Parking

  • No Garage
  • On-Street Parking
  • Off-Street Parking

Schools

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

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heating System Uses Natural Gas
  • Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number N000-1599-035

Community Details

Overview

  • Summit Lofts Condo Subdivision
  • Maintained Community

Amenities

  • Community Storage Space

Security

  • Controlled Access
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,708

Year Built

Built in 1920

Lot Details

0

HOA Fees

$420 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1920
  • Property Attached Yn: Yes
  • Lot Size Acres: 0.2815
  • Co List Office Mls Id: PERH01
  • Co List Office Phone: 804-512-4999
  • Ownership: Individuals
  • Subdivision Name: Summit Lofts Condo
  • Architectural Style: Other
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Tile, Vinyl
  • Appliances: Washer/Dryer Stacked, Dishwasher, Oven, Refrigerator, Stove, Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: Beamed Ceilings, Bedroom on Main Level, Ceiling Fan(s), Granite Counters, High Ceilings, High Speed Internet, Kitchen Island, Loft, Bath in Primary Bedroom, Skylights, Track Lighting, Cable TV, Wired for Data
  • Living Area: 1049.0
  • Stories: 2
  • Window Features: Skylight(s)
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Roof: Metal
  • Fencing: None
  • Pool Features: None
  • Waterfront: No
  • Disclosures: First Right of Refusal
  • Construction Type: Brick, Concrete
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Alley Access, No Garage, Off Street, On Street

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Stacked
  • Security: Controlled Access, Fire Sprinkler System
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Home Owners Association, Maintained Community, Storage Facilities
  • Amenities: Landscaping, Management
  • Association Fee: 420.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Hot Water, Insurance, Maintenance Structure, Trash, Water

Schools

  • Middle Or Junior School: Albert Hill

Lot Info

  • Parcel Number: N000-1599-035
  • Zoning Description: M-1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 3708.0

MLS Schools

  • Elementary School: Fox
  • High School: Thomas Jefferson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2025
Sold by
Barr Sheldon L and Barr Stephen M
Bought by
Stephen M Barr Revocable Living Trust and Barr
Current Estimated Value
$394,762

Purchase Details

Listed on
Sep 4, 2024
Closed on
Oct 10, 2024
Sold by
Galindo Brandon Kyle and Bowling Cassidy Chyanne
Bought by
Barr Sheldon L and Barr Stephen M
Seller's Agent
Owen Thatcher
Providence Hill Real Estate
Buyer's Agent
Christina Cuevas Pearson
Compass
List Price
$365,000
Sold Price
$375,000
Premium/Discount to List
$10,000
2.74%
Views
4

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.41%

Purchase Details

Listed on
Oct 6, 2020
Closed on
Nov 11, 2020
Sold by
Baughman Brad A and Baughman Rebecca K
Bought by
Galindo Brandon Kyle and Bowling Cassidy Chyanne
Seller's Agent
Julie Rutkai
Long & Foster REALTORS
Buyer's Agent
Owen Thatcher
Providence Hill Real Estate
List Price
$295,000
Sold Price
$295,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.35%
Original Mortgage
$286,150
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 5, 2006
Sold by
Seventeen One Summit Ave
Bought by
Kosnac Rebecca

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$20,500
Interest Rate
7.88%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Stephen M Barr Revocable Living Trust -- None Listed On Document
Barr Sheldon L $375,000 Title Resources Guaranty
Galindo Brandon Kyle $295,000 Attorney
Kosnac Rebecca $205,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Galindo Brandon Kyle $286,150
Previous Owner Kosnac Rebecca $20,500
Previous Owner Kosnac Rebecca $164,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/16/2024 10/16/24 Sold $375,000 +2.7% $357 / Sq Ft
09/26/2024 09/26/24 Pending -- -- --
09/04/2024 09/04/24 For Sale $365,000 +23.7% $348 / Sq Ft
11/24/2020 11/24/20 Sold $295,000 0.0% $294 / Sq Ft View Prior Sale
10/12/2020 10/12/20 Pending -- -- --
10/06/2020 10/06/20 For Sale $295,000 -- $294 / 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 $1,872 $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

  • Owen Thatcher

    Seller's Agent in 2024

    Owen Thatcher

    Providence Hill Real Estate

    (804) 513-1282

    1 in this area

    115 Total Sales

    Owen Thatcher
    Section Image
  • Caleb Boyer

    Seller Co-Listing Agent in 2024

    Caleb Boyer

    Providence Hill Real Estate

    (804) 955-8668

    1 in this area

    301 Total Sales

    Caleb Boyer
    Section Image

  • J

    Seller's Agent in 2020

    Julie Rutkai

    Long & Foster

    (804) 481-5729

    31 Total Sales

    Julie Rutkai
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 2422350

Central Virginia Regional MLS

APN: N000-1599-035

Virginia Richmond City County Richmond 23230 Scott’s Addition

1701 Summit Ave Unit 4, 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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