2227 Park Ave Richmond, VA 23220
The Fan Neighborhood
--
Bed
--
Bath
1,230
Sq Ft
871
Sq Ft Lot
About This Home
As of July 2022Attention Investors! Wonderful opportunity for a mix-use duplex in the Heart of the Fan. Premier location at the corner of Park Avenue and Strawberry Street. This property offers an open, totally renovated upstairs one-bedroom apartment with hardwood floors, open living room/kitchen combination. Unit includes a washer/dryer. Downstairs is an established business with long-term tenants. All utilities are separate with the exception of water. Fully leased and GREAT cap rate! Note: Apt #1 is on longterm lease until 2018. Period goes up to $1440 in Oct. 2013
Last Agent to Sell the Property
Millie Green
RE/MAX Commonwealth License #0225052114 Listed on: 04/05/2012
Last Buyer's Agent
NON MLS USER MLS
NON MLS OFFICE
Townhouse Details
Home Type
- Townhome
Est. Annual Taxes
- $5,712
Year Built
- 1915
Home Design
- Flat Roof Shape
Interior Spaces
- Property has 2 Levels
Listing and Financial Details
- Assessor Parcel Number W0001004001
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 4, 2022
Closed on
Jul 21, 2022
Sold by
Strawberry Park Llc
Bought by
2227 Park Ave Llc
Seller's Agent
Jenny Maraghy
Compass
Buyer's Agent
George Cumming
Long & Foster REALTORS
List Price
$550,000
Sold Price
$480,000
Premium/Discount to List
-$70,000
-12.73%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.36%
Original Mortgage
$360,000
Outstanding Balance
$343,883
Interest Rate
5.23%
Mortgage Type
New Conventional
Estimated Equity
$202,574
Purchase Details
Listed on
Apr 5, 2012
Closed on
Sep 4, 2012
Sold by
Fernhill Partners Llc
Bought by
Strawberry Park Llc
Seller's Agent
Millie Green
RE/MAX Commonwealth
Buyer's Agent
NON MLS USER MLS
NON MLS OFFICE
List Price
$325,000
Sold Price
$300,000
Premium/Discount to List
-$25,000
-7.69%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.87%
Original Mortgage
$218,400
Interest Rate
3.52%
Mortgage Type
Construction
Purchase Details
Closed on
May 11, 2007
Sold by
Goldman Frances
Bought by
Fernhill Partners 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
$183,200
Interest Rate
6.18%
Mortgage Type
Construction
Purchase Details
Closed on
Jan 30, 2007
Sold by
Carthage Assoc
Bought by
King Harper and King,Deanna
Similar Homes in Richmond, VA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $480,000 | Old Republic National Title | |
| Warranty Deed | $300,000 | -- | |
| Warranty Deed | $229,000 | -- | |
| Warranty Deed | $225,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $360,000 | New Conventional | |
| Previous Owner | $218,400 | Construction | |
| Previous Owner | $183,200 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2025 07/17/25 | Price Changed | $565,000 | -1.7% | $459 / Sq Ft |
| 07/06/2025 07/06/25 | For Sale | $575,000 | 0.0% | $467 / Sq Ft |
| 06/30/2025 06/30/25 | Off Market | $575,000 | -- | -- |
| 06/14/2025 06/14/25 | For Sale | $575,000 | +19.8% | $467 / Sq Ft |
| 07/22/2022 07/22/22 | Sold | $480,000 | -12.7% | $390 / Sq Ft |
| 06/03/2022 06/03/22 | Pending | -- | -- | -- |
| 04/25/2022 04/25/22 | For Sale | $550,000 | 0.0% | $447 / Sq Ft |
| 04/04/2022 04/04/22 | Pending | -- | -- | -- |
| 04/04/2022 04/04/22 | For Sale | $550,000 | +83.3% | $447 / Sq Ft |
| 09/05/2012 09/05/12 | Sold | $300,000 | -7.7% | $244 / Sq Ft |
| 07/06/2012 07/06/12 | Pending | -- | -- | -- |
| 04/05/2012 04/05/12 | For Sale | $325,000 | -- | $264 / Sq Ft |
Source: Central Virginia Regional MLS
Tax History Compared to Growth
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 | $5,712 | $476,000 | $260,000 | $216,000 |
| 2024 | $5,712 | $476,000 | $260,000 | $216,000 |
| 2023 | $4,032 | $336,000 | $160,000 | $176,000 |
| 2022 | $4,032 | $336,000 | $160,000 | $176,000 |
| 2021 | $3,768 | $314,000 | $138,000 | $176,000 |
| 2020 | $3,768 | $314,000 | $138,000 | $176,000 |
| 2019 | $3,768 | $314,000 | $138,000 | $176,000 |
| 2018 | $3,768 | $314,000 | $138,000 | $176,000 |
| 2017 | $3,768 | $314,000 | $138,000 | $176,000 |
| 2016 | $3,768 | $314,000 | $80,000 | $234,000 |
| 2015 | $3,480 | $299,000 | $80,000 | $219,000 |
| 2014 | $3,480 | $290,000 | $80,000 | $210,000 |
Source: Public Records
Agents Affiliated with this Home
-
G
Seller's Agent in 2025
George Cumming
Long & Foster
(804) 334-2251
1 in this area
26 Total Sales
-
Seller's Agent in 2022
Jenny Maraghy
Compass
(804) 405-7337
47 in this area
891 Total Sales
-
M
Seller's Agent in 2012
Millie Green
RE/MAX Commonwealth
-
N
Buyer's Agent in 2012
NON MLS USER MLS
NON MLS OFFICE
Map
Source: Central Virginia Regional MLS
MLS Number: 1208893
APN: W000-1004-001
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.
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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