NOT LISTED FOR SALE

1831 Commerce Rd Richmond, VA 23224

Bellemeade Neighborhood

Estimated Value: $2,545,962

Studio
-- Bath
7,050 Sq Ft
$361/Sq Ft Est. Value

About This Home

This home is located at 1831 Commerce Rd, Richmond, VA 23224 and is currently estimated at $2,545,962, approximately $361 per square foot. 1831 Commerce Rd is a home located in Richmond City with nearby schools including Oak Grove/Bellemeade Elementary School, Thomas C. Boushall Middle School, and Open High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 30, 2012
Sold by
1881 Commerce Road Llc
Bought by
Randhawa Brothers Llc
Current Estimated Value
$2,545,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,500
Outstanding Balance
$488,837
Interest Rate
3.92%
Mortgage Type
Construction
Estimated Equity
$2,057,125

Purchase Details

Closed on
Jun 25, 2007
Sold by
Wright Props
Bought by
1831 Commerce Rd L L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
6.48%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

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Quantarium

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Average Value
Not Available
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
Randhawa Brothers Llc $900,000 --
1831 Commerce Rd L L C $860,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Randhawa Brothers Llc $712,500
Closed Randhawa Brothers Llc $100,000
Previous Owner 1831 Commerce Rd L L C $76,000
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 $17,364 $1,694,000 $1,117,000 $577,000
2024 $17,364 $1,447,000 $870,000 $577,000
2023 $12,756 $1,063,000 $579,000 $484,000
2022 $12,120 $1,010,000 $526,000 $484,000
2020 $11,988 $999,000 $526,000 $473,000
2019 $11,592 $966,000 $525,000 $441,000
2018 $10,404 $867,000 $438,000 $429,000
2017 $10,404 $867,000 $438,000 $429,000
2016 $10,404 $867,000 $438,000 $429,000
2015 $10,404 $867,000 $439,000 $428,000
2014 $10,404 $867,000 $439,000 $428,000
Source: Public Records

Map

Virginia Richmond City County Richmond 23224 Bellemeade

1831 Commerce Rd, Richmond, VA

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