NOT LISTED FOR SALE

205 N Arthur Ashe Blvd Richmond, VA 23220

The Fan Neighborhood

Estimated Value: $1,265,183

6 Beds
2 Baths
5,507 Sq Ft
$230/Sq Ft Est. Value

Last Sold June 15, 2023

Last sale price $1,175,000 $213 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $7,857/month

53 Days on Market

About This Home

As of June 2023

Immaculate triplex on Arthur Ashe Boulevard, directly across from The VMFA. The stunning 5 bedroom 2.5 bathroom main house has more than amenities than you could ever need. When you walk in the front door you'll be greeted with a large foyer with a formal dining room ahead. To the right you'll find a beautiful living room with ample sunlight facing Boulevard. Custom chefs kitchen with another dining or living room at the rear of the unit. Laundry room and tons of storage downstairs off the side of the kitchen. Upstairs you'll find 5 bedrooms and 2 full baths. The primary bedroom includes an en suite bath as well as another living or sitting room. Unlimited options. The front facing bedroom has a very large walk in closet. The other 3 bedrooms are very nice sized as well as a walk up attic. A brand new 1 bed 1 bath studio unit has been added to the back of the home. The basement unit features 2 bedrooms and 1 full bathroom. Fenced in backyard with a large stone patio on the side that could be used for entertaining, cocktail hours, or many other options. Home being sold completely furnished unless requested otherwise.

While no known issues, all fireplaces, chimneys, flues as is

Last Agent to Sell the Property

Kyle Linegar

Boyd Realty Group License #0225098808 Listed on: 03/10/2023

Last Buyer's Agent

Nicholas Mason

Real Broker LLC License #0225265388

Real Broker LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,656

Year Built

  • Built in 1915

Lot Details

  • 4,125 Sq Ft Lot

Home Design

  • Triplex
  • Custom Home
  • Dutch Colonial Architecture
  • Brick Exterior Construction
  • Slate Roof

Interior Spaces

  • 5,507 Sq Ft Home
  • 2-Story Property

Schools

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

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number W000-1204-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,656

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Year Built: 1915
  • Lot Size Acres: 0.0947
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Custom, Dutch Colonial, Two Story
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Actual
  • Property Sub Type Additional: Triplex
  • General Property Information Below Grade Unfinished Area: 1679.0
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement YN: No
  • Living Area: 5507.0
  • Stories: 2

Exterior Features

  • Roof: Slate
  • Waterfront: No
  • Construction Type: Brick

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Middle Or Junior School: Albert Hill

Lot Info

  • Parcel Number: W000-1204-017
  • Zoning Description: R-48
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7656.0

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • Elementary School: Fox
  • High School: Thomas Jefferson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2023
Closed on
May 31, 2023
Sold by
Drumwright Justin
Bought by
Mms Rental Group Llc
Seller's Agent
Kyle Linegar
Boyd Realty Group
Buyer's Agent
Nicholas Mason
Real Broker LLC
List Price
$1,175,000
Sold Price
$1,175,000
Views
97
Current Estimated Value
$1,265,183

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,183
Avg. Annual Appreciation
1.95%
Original Mortgage
$881,250
Outstanding Balance
$856,907
Interest Rate
5%
Mortgage Type
New Conventional
Estimated Equity
$368,160

Purchase Details

Listed on
Jun 15, 2022
Closed on
Jul 6, 2022
Sold by
Michael Barrett
Bought by
Drumwright Justin
Seller's Agent
Michael Barrett
RE/MAX Commonwealth
Buyer's Agent
Kyle Linegar
Boyd Realty Group
List Price
$819,950
Sold Price
$819,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
54.26%
Original Mortgage
$614,963
Interest Rate
5.81%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 13, 2015
Closed on
Feb 24, 2016
Sold by
Jackson-Field Homes A Virginia Non-Stock
Bought by
Barrett Michael
Seller's Agent
Joseph Willis
Spotts & Carneal, Inc.
Buyer's Agent
Michael Barrett
RE/MAX Commonwealth
List Price
$452,500
Sold Price
$410,000
Premium/Discount to List
-$42,500
-9.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.33%
Original Mortgage
$328,000
Interest Rate
3.92%
Mortgage Type
Credit Line Revolving
Source: Public Records

Range of Values:

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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
Mms Rental Group Llc $1,175,000 Fidelity National Title
Drumwright Justin $819,950 Fidelity National Title
Barrett Michael $410,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mms Rental Group Llc $881,250
Previous Owner Drumwright Justin $614,963
Previous Owner Barrett Michael $151,500
Previous Owner Barrett Michael $328,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2023 06/15/23 Sold $1,175,000 0.0% $213 / Sq Ft
05/03/2023 05/03/23 Pending -- -- --
04/26/2023 04/26/23 For Sale $1,175,000 0.0% $213 / Sq Ft
03/12/2023 03/12/23 Off Market $1,175,000 -- --
03/10/2023 03/10/23 For Sale $1,175,000 +43.3% $213 / Sq Ft
08/15/2022 08/15/22 Sold $819,950 0.0% $195 / Sq Ft
06/18/2022 06/18/22 Pending -- -- --
06/15/2022 06/15/22 For Sale $819,950 0.0% $195 / Sq Ft
08/19/2021 08/19/21 Rented $3,900 -1.3% --
06/30/2021 06/30/21 Price Changed $3,950 -20.2% $1 / Sq Ft
06/24/2021 06/24/21 Price Changed $4,950 -10.0% $1 / Sq Ft
06/23/2021 06/23/21 For Rent $5,500 0.0% --
02/29/2016 02/29/16 Sold $410,000 -9.4% $100 / Sq Ft
01/29/2016 01/29/16 Pending -- -- --
11/13/2015 11/13/15 For Sale $452,500 -- $110 / 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 $11,160 $930,000 $293,000 $637,000
2024 $9,360 $780,000 $293,000 $487,000
2023 $7,656 $638,000 $244,000 $394,000
2022 $7,656 $638,000 $244,000 $394,000
2021 $7,056 $588,000 $206,000 $382,000
2020 $9,136 $588,000 $206,000 $382,000
2019 $2,688 $552,000 $186,000 $366,000
2018 $5,100 $529,000 $165,000 $364,000
2017 $5,100 $425,000 $165,000 $260,000
2016 $5,100 $425,000 $90,000 $335,000
2015 $6,971 $598,000 $123,000 $475,000
2014 $6,971 $581,000 $123,000 $458,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2305484

Central Virginia Regional MLS

APN: W000-1204-017