NOT LISTED FOR SALE

Estimated Value: $431,000 - $477,000

2 Beds
2 Baths
1,112 Sq Ft
$346/mo HOA Fee

Last Sold July 20, 2017

Last sale price $250,000 $225 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $3,091/month

17 Days on Market

Highlights

  • Fitness Center
  • In Ground Pool
  • Separate Formal Living Room
  • Mary Munford Elementary School Rated A-
  • Wood Flooring
  • Granite Countertops

About This Home

As of July 2017

Welcome to Lock Lane! This spacious two bedroom, two full bathroom condo located on the first floor in building 24 of the Lock Land Condominiums is ready for you to move right in. The layout has a great flow. You enter into a foyer with built-ins. To the right is your large kitchen with granite counters and stainless steel appliances. This unit features a backdoor perfect for grocery dropoff. This is right in the kitchen. To the left of the front door is your first full bathroom and a large storage closet. Moving through the unit down the hallway, it opens up into the main living area. The dining room looks into the open concept kitchen and the living room is directly across (with another closet!). The bedrooms are in the back of the condo and the master has an ensuite bathroom. This is a larger two bedroom unit in Lock Lane. There is bike storage, a fitness center, a grilling area and a gorgeous pool! The buildings have secured access. Conventiently located between Grove and Cary Street Road a few blocks from Westmoreland. You can easily get to the Libbie/Grove area or Carytown. Located about 10 minutes from downtown Richmond. Zoned for Mary Munford elementary school.

Last Agent to Sell the Property

Brooke Barnard

Providence Hill Real Estate License #0225202649 Listed on: 05/17/2017

Last Buyer's Agent

Jack Burke

Shaheen Ruth Martin & Fonville License #0225205537

Shaheen Ruth Martin & Fonville

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,064

Year Built

  • Built in 1930

Lot Details

  • 1,115

HOA Fees

  • $346 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Slate Roof

Interior Spaces

  • 1,112 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Separate Formal Living Room
  • Dining Area
  • Stacked Washer and Dryer

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Pool

  • In Ground Pool
  • Fence Around Pool

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number W019-0306-084

Community Details

Overview

  • Lock Lane Condominium Subdivision

Amenities

  • Common Area
  • Community Storage Space

Recreation

  • Fitness Center
  • Community Pool
  • Park

Security

  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,064

Year Built

Built in 1930

Lot Details

0

HOA Fees

$346 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1930
  • Property Attached Yn: Yes
  • Lot Size Acres: 0.0256
  • Ownership: Individuals
  • Subdivision Name: Lock Lane Condominium
  • Architectural Style: Other
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Attached,Condominium
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile, Wood
  • Appliances: Washer/Dryer Stacked, Dishwasher, Electric Water Heater, Microwave, Oven, Refrigerator
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Ceiling Fan(s), Dining Area, Separate/Formal Dining Room, Granite Counters, Bath in Primary Bedroom
  • Living Area: 1112.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Slate
  • Fencing: None
  • Pool Features: Fenced, In Ground, Pool, Community
  • Waterfront: No
  • Construction Type: Brick, Block, Drywall
  • Property Condition: Resale

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Stacked
  • Security: Controlled Access
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Common Grounds/Area, Fitness, Park, Pool, Storage Facilities
  • Amenities: Management
  • Association Fee: 346.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Insurance, Maintenance Grounds, Maintenance Structure, Pool(s), Reserve Fund, Snow Removal, Trash

Schools

  • Middle Or Junior School: Albert Hill

Lot Info

  • Parcel Number: W019-0306-084
  • Zoning Description: R-48
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 2064.0

MLS Schools

  • Elementary School: Munford
  • High School: Thomas Jefferson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2017
Closed on
Jul 13, 2017
Sold by
Borden Wendy S
Bought by
Word Thomas S
Seller's Agent
Brooke Barnard
Providence Hill Real Estate
Buyer's Agent
Jack Burke
Shaheen Ruth Martin & Fonville
List Price
$250,000
Sold Price
$250,000
Current Estimated Value
$446,579

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$196,579
Avg. Annual Appreciation
7.30%
Original Mortgage
$200,000
Outstanding Balance
$166,166
Interest Rate
3.89%
Mortgage Type
New Conventional
Estimated Equity
$280,413

Purchase Details

Closed on
Jul 28, 2015
Sold by
Borden Wendy S and Sumner Larry Burce
Bought by
Borden Wendy S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 18, 2011
Sold by
Locke Lane Associates Llc
Bought by
Sumner Larry B and Borden Wendy S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,635
Interest Rate
4.94%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 26, 2010
Sold by
Merrick Linda
Bought by
Locke Land Asoc Llc

Purchase Details

Closed on
Sep 14, 2007
Sold by
Locke Lane Associates Llc
Bought by
Merrick Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.17%
Mortgage Type
New Conventional
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
Word Thomas S $250,000 Attorney
Borden Wendy S -- None Available
Sumner Larry B $239,000 --
Locke Land Asoc Llc $279,000 --
Merrick Linda $274,950 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Word Thomas S $200,000
Previous Owner Borden Wendy S $216,000
Previous Owner Sumner Larry B $230,635
Previous Owner Merrick Linda $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/20/2017 07/20/17 Sold $250,000 0.0% $225 / Sq Ft
06/03/2017 06/03/17 Pending -- -- --
06/02/2017 06/02/17 For Sale $250,000 0.0% $225 / Sq Ft
05/19/2017 05/19/17 Pending -- -- --
05/17/2017 05/17/17 For Sale $250,000 -- $225 / 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 $4,536 $378,000 $55,000 $323,000
2024 $4,536 $378,000 $55,000 $323,000
2023 $4,080 $340,000 $55,000 $285,000
2022 $3,660 $305,000 $55,000 $250,000
2021 $3,480 $305,000 $55,000 $250,000
2020 $2,952 $290,000 $61,000 $229,000
2019 $2,520 $276,000 $45,000 $231,000
2018 $2,184 $270,000 $45,000 $225,000
2017 $3,384 $282,000 $45,000 $237,000
2016 $2,064 $282,000 $45,000 $237,000
2015 $1,800 $262,000 $45,000 $217,000
2014 $1,800 $260,000 $45,000 $215,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 1718095

Central Virginia Regional MLS

APN: W019-0306-084