$365,000
SOLD NOV 27, 2024

1702 W Washington St Petersburg, VA 23803

-- Bed
-- Bath
2,200 Sq Ft
0.28 Acres

Recently Sold

$166 Per Sq Ft

14% Below List Price

126 Days on Market

Highlights

  • Deck
  • Separate Formal Living Room
  • High Ceiling
  • Main Floor Bedroom
  • Corner Lot
  • Fireplace

About This Home

As of November 2024

Great opportunity for investors for a group home, duplex or single family. Major renovations have been completed. Opportunity for extra income stream. It is a multi- family structure. Building is zoned B2 and listed as single-family in the public tax records.

Additionally, you can convert the building back into a full duplex by closing the open section and adding a kitchen upstairs, make it a rooming house or single-family home. Walking distance to food, grocery, and shopping. Minutes away from the interstates 85 and 95. Side street entrance to the property with a large parking lot for multiple tenants or family members. Large corner lot for entertainment and privacy from neighbors.

Reach out to view the virtual tour. Seller is continuing the construction updates.
Updated - Roof, Plumbing, Electrical, and HVAC Systems

Zoned - B2

Option - Multifamily Duplex property has two units. Top unit has an unfinished kitchen with plumbing connected incase new owner wants to keep the property a duplex. Separate meters for both units. Separate entrance doors are connected. Total rooms in upstairs unit is 6 with 1 bathroom. Total rooms in downstairs unit is 7 with 1.5 baths.

Option - Group Home property can house 12 beds within the total dwelling. Total rooms in the house is 13 with 2.5 baths.

Option - Single Family property can house 6 bedrooms with 2.5 bathrooms. Total rooms in the house is 13 with 2.5 baths.

Laundry hookup on site. Main kitchen, living room and dining room on main level. Upstairs kitchen has plumbing hookups.

Last Agent to Sell the Property

Lanayah McCullouch

River Hill Realtors LLC License #0225269403 Listed on: 04/19/2024

Last Buyer's Agent

Lanayah McCullouch

River Hill Realtors LLC License #0225269403 Listed on: 04/19/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,438

Year Built

  • Built in 1930

Lot Details

  • 0.28 Acre Lot
  • Corner Lot
  • May Be Possible The Lot Can Be Split Into 2+ Parcels

Home Design

  • Duplex
  • Brick Exterior Construction
  • Metal Roof

Interior Spaces

  • Main Floor Bedroom
  • 2,200 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Fireplace
  • Insulated Doors
  • Separate Formal Living Room
  • Dining Area
  • Unfinished Basement
  • Crawl Space
  • Eat-In Kitchen
  • Stacked Washer and Dryer

Parking

  • Open Parking
  • Parking Lot

Outdoor Features

  • Deck
  • Shed
  • Front Porch

Schools

  • Pleasants Lane Elementary School
  • Vernon Johns Middle School
  • Petersburg High School

Utilities

  • Water Heater

Community Details

  • 2 Units
  • Pembroke Subdivision

Listing and Financial Details

  • Exclusions: White Trailer in Driveway
  • Tax Lot 12
  • Assessor Parcel Number 028-050009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,438

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 1930
  • Lot Size Acres: 0.2755
  • Exclusions: White Trailer in Driveway
  • Ownership: Individuals
  • Subdivision Name: Pembroke
  • Architectural Style: Two Story
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Actual
  • Property Sub Type Additional: Duplex
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Basement: Crawl Space, Other, Unfinished
  • Appliances: Electric Water Heater
  • Basement YN: Yes
  • Door Features: Insulated Doors
  • Fireplace: Yes
  • Interior Amenities: Bedroom on Main Level, Dining Area, Separate/Formal Dining Room, Eat-in Kitchen, Fireplace, High Ceilings, Main Level Primary
  • Living Area: 2200.0
  • Stories: 2

Exterior Features

  • Roof: Metal
  • Fencing: None
  • Lot Features: Corner Lot, Split Possible
  • Waterfront: No
  • Disclosures: Seller Disclosure
  • Construction Type: Brick, Drywall
  • Exterior Features: Storage, Shed
  • Patio And Porch Features: Rear Porch, Deck, Front Porch

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Parking Lot

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Washer Hookup, Dryer Hookup, Stacked

Schools

  • Middle Or Junior School: Vernon Johns

Lot Info

  • Parcel Number: 028-050009
  • Zoning Description: B-2
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 1437.64
  • Tax Lot: 12

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Pleasants Lane
  • High School: Petersburg

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2024
Closed on
Oct 23, 2024
Sold by
Dupree Banks L
Bought by
Slaughterhouses Inc Llc and Joel
Seller's Agent
Lanayah McCullouch
River Hill Realtors LLC
Buyer's Agent
Lanayah McCullouch
River Hill Realtors LLC
List Price
$425,000
Sold Price
$365,000
Premium/Discount to List
-$60,000
-14.12%
Views
1562
Current Estimated Value
$369,457

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,457
Avg. Annual Appreciation
1.68%
Original Mortgage
$292,000
Outstanding Balance
$289,544
Interest Rate
6.44%
Mortgage Type
New Conventional
Estimated Equity
$79,913

Purchase Details

Closed on
Jun 16, 2008
Bought by
Banks Dupree and Porn Dupree
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $365,000 --
Grant Deed $100,300 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $292,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2024 11/27/24 Sold $365,000 0.0% $166 / Sq Ft
08/25/2024 08/25/24 Pending -- -- --
07/05/2024 07/05/24 Price Changed $365,000 -2.7% $166 / Sq Ft
06/17/2024 06/17/24 Price Changed $375,000 -2.6% $170 / Sq Ft
06/06/2024 06/06/24 Price Changed $385,000 -3.5% $175 / Sq Ft
05/27/2024 05/27/24 Price Changed $399,000 -1.5% $181 / Sq Ft
05/17/2024 05/17/24 Price Changed $405,000 -2.4% $184 / Sq Ft
05/10/2024 05/10/24 Price Changed $415,000 -2.4% $189 / Sq Ft
04/21/2024 04/21/24 For Sale $425,000 -- $193 / 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
2024 $1,438 $131,000 $27,900 $103,100
2023 $1,438 $113,200 $27,900 $85,300
2022 $1,438 $113,200 $27,900 $85,300
2021 $1,318 $97,600 $27,900 $69,700
2020 $1,318 $97,600 $27,900 $69,700
2019 $1,283 $95,000 $27,900 $67,100
2018 $1,283 $95,000 $27,900 $67,100
2017 $1,283 $95,000 $27,900 $67,100
2016 $1,283 $95,000 $0 $0
2014 $1,283 $0 $0 $0
2013 $1,283 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2409917

Central Virginia Regional MLS

APN: 028050009