NOT LISTED FOR SALE

Estimated Value: $155,000 - $207,000

3 Beds
1 Bath
1,014 Sq Ft
$188/Sq Ft Est. Value

Last Sold February 21, 2024

Last sale price $150,000 $148 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $1,178/month

64 Days on Market

Highlights

  • Wood Flooring
  • 1.5 Car Detached Garage
  • Forced Air Heating System
  • Open High School Rated A+
  • Window Unit Cooling System
  • 1-Story Property

About This Home

As of February 2024

Great opportunity for investor. No known defects but home needs some updating. Value in area has been rising rapidly. Clean up and have instant equity.

Last Agent to Sell the Property

cornell fraites

ERA Woody Hogg & Assoc License #0225052339 Listed on: 11/27/2023

ERA Woody Hogg & Assoc

Last Buyer's Agent

Issac Abdelmalak

Virginia Capital Realty License #0225208553

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,656

Year Built

  • Built in 1955

Lot Details

  • 6,852 Sq Ft Lot
  • Chain Link Fence
  • Zoning described as R-5

Parking

  • 1.5 Car Detached Garage

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 1,014 Sq Ft Home
  • 1-Story Property
  • Fireplace Features Masonry
  • Wood Flooring
  • Crawl Space

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

  • Oak Grove Elementary School
  • Boushall Middle School
  • Richmond High School For The Arts

Utilities

  • Window Unit Cooling System
  • Forced Air Heating System

Community Details

  • Southmont Village Subdivision

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number S007-1633-023

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,656

Year Built

Built in 1955

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1955
  • Property Attached Yn: No
  • Lot Size Acres: 0.1573
  • Ownership: Individuals
  • Subdivision Name: Southmont Village
  • Above Grade Finished Sq Ft: 1014.0
  • Architectural Style: Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Wood
  • Basement: Crawl Space
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Masonry
  • Fireplace: Yes
  • Living Area: 1014.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Fencing: Chain Link
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Disclosure on File
  • Construction Type: Brick
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1.5
  • Parking Features: Detached, Garage

Utilities

  • Heating: Electric, Forced Air
  • Cooling: Window Unit(s)
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Boushall

Lot Info

  • Parcel Number: S007-1633-023
  • Zoning Description: R-5
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 1656.0
  • Tax Lot: 9

MLS Schools

  • Elementary School: Oak Grove
  • High School: Richmond High School for the Arts

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2023
Closed on
Feb 9, 2024
Sold by
Robinson Franklin and Cook Diane Y
Bought by
Megh Legacy Investments Llc
Seller's Agent
cornell fraites
ERA Woody Hogg & Assoc
Buyer's Agent
Issac Abdelmalak
Virginia Capital Realty
List Price
$200,000
Sold Price
$150,000
Premium/Discount to List
-$50,000
-25%
Views
473
Current Estimated Value
$190,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,311
Avg. Annual Appreciation
8.22%
Original Mortgage
$140,000
Interest Rate
6.66%
Mortgage Type
Construction
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 Buyer Sale Price Title Company
Megh Legacy Investments Llc $150,000 First American Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Megh Legacy Investments Llc $184,800
Closed Megh Legacy Investments Llc $140,000
Previous Owner Robinson Franklin $60,000
Previous Owner Robinson Franklin $40,784
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2024 02/21/24 Sold $150,000 -11.7% $148 / Sq Ft
01/31/2024 01/31/24 Pending -- -- --
01/27/2024 01/27/24 Price Changed $169,950 -15.0% $168 / Sq Ft
01/25/2024 01/25/24 For Sale $200,000 0.0% $197 / Sq Ft
01/19/2024 01/19/24 Pending -- -- --
11/27/2023 11/27/23 For Sale $200,000 -- $197 / 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 $1,968 $164,000 $55,000 $109,000
2024 $1,920 $160,000 $45,000 $115,000
2023 $1,656 $138,000 $36,000 $102,000
2022 $1,380 $115,000 $36,000 $79,000
2021 $792 $86,000 $16,000 $70,000
2020 $792 $66,000 $10,000 $56,000
2019 $672 $56,000 $10,000 $46,000
2018 $648 $54,000 $10,000 $44,000
2017 $648 $54,000 $10,000 $44,000
2016 $648 $54,000 $10,000 $44,000
2015 $636 $53,000 $10,000 $43,000
2014 $636 $53,000 $10,000 $43,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2328562

Central Virginia Regional MLS

APN: S007-1633-023