NOT LISTED FOR SALE

Estimated Value: $186,000 - $198,000

2 Beds
1 Bath
720 Sq Ft
$264/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $99,000 $138 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $1,177/month

3 Days on Market

Highlights

  • Wood Flooring
  • Cottage
  • Eat-In Kitchen
  • Open High School Rated A+
  • Porch
  • Shed

About This Home

As of March 2022

Investors Dream!! This 2 bedroom 1 bath home in the heart of the city is ready for a little TLC. This home is conveniently located to downtown, all major highways, and restaurants. All appliances convey including stack washer and dryer.

Last Agent to Sell the Property

Tamara Taylor

BHHS PenFed Realty License #0225087991 Listed on: 01/30/2022

BHHS PenFed Realty

Last Buyer's Agent

Charles Young

Fathom Realty Virginia License #0225212114

Fathom Realty Virginia

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,032

Year Built

  • Built in 1953

Lot Details

  • 6,852 Sq Ft Lot
  • Property fronts an alley
  • Partially Fenced Property
  • Zoning described as R-5

Parking

  • Off-Street Parking

Home Design

  • Cottage
  • Bungalow
  • Slab Foundation
  • Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 720 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Wood Flooring
  • Stacked Washer and Dryer

Kitchen

  • Eat-In Kitchen
  • Oven
  • Electric Cooktop
  • Range Hood
  • Laminate Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Shed
  • Porch
  • Stoop

Schools

  • Blackwell Elementary School
  • Elkhardt Middle School
  • Richmond High School For The Arts

Utilities

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

Community Details

  • Melrose Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number S007-1628-002

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,032

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1953
  • Property Attached Yn: No
  • Lot Size Acres: 0.1573
  • Ownership: Individuals
  • Subdivision Name: Melrose
  • Architectural Style: Bungalow, Cottage
  • Garage Yn: No
  • 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
  • Appliances: Washer/Dryer Stacked, Electric Cooking, Electric Water Heater, Oven, Refrigerator, Range Hood
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Interior Amenities: Ceiling Fan(s), Eat-in Kitchen, Laminate Counters, Cable TV
  • Living Area: 720.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Shingle
  • Fencing: Fenced, Partial
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Frame, Vinyl Siding
  • Exterior Features: Porch, Storage, Shed
  • Foundation Details: Slab
  • Patio And Porch Features: Stoop, Porch
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Alley Access, Off Street

Utilities

  • Heating: Forced Air, Natural Gas
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Washer Hookup, Dryer Hookup, Stacked
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Elkhardt

Lot Info

  • Parcel Number: S007-1628-002
  • Zoning Description: R-5
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 1032.0
  • Tax Lot: 2

MLS Schools

  • Elementary School: Blackwell
  • High School: Richmond High School for the Arts

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2022
Closed on
Mar 21, 2022
Sold by
Joseph Jackson
Bought by
Asset Management & Rentals Llc
Seller's Agent
Tamara Taylor
BHHS PenFed Realty
Buyer's Agent
Charles Young
Fathom Realty Virginia
List Price
$110,000
Sold Price
$99,000
Premium/Discount to List
-$11,000
-10%
Current Estimated Value
$184,341

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,341
Avg. Annual Appreciation
21.43%
Original Mortgage
$74,250
Outstanding Balance
$70,271
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$119,829

Purchase Details

Listed on
Feb 6, 2019
Closed on
Apr 15, 2019
Sold by
Vector Homes Llc
Bought by
Jackson Joseph
Seller's Agent
Matt Smith
Weichert Brockwell & Associate
Buyer's Agent
Tamara Taylor
BHHS PenFed Realty
List Price
$99,990
Sold Price
$89,990
Premium/Discount to List
-$10,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.29%
Original Mortgage
$91,832
Interest Rate
4.4%
Mortgage Type
VA

Purchase Details

Closed on
Sep 21, 2018
Sold by
Equity Trustees Llc
Bought by
Vector Homes Llc

Purchase Details

Closed on
Mar 31, 2006
Sold by
Nine 14 Properties
Bought by
Carlton Margaret A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$63,960
Interest Rate
6.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 17, 2006
Sold by
Jenkins Marilyn
Bought by
Adair Thomas Shawn

Purchase Details

Closed on
Jun 7, 2002
Sold by
Clary Evely T
Bought by
Jenkins James E and Jenkins Marilyn W
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
Asset Management & Rentals Llc $99,000 Amtrust Title
Jackson Joseph $89,990 Attorney
Vector Homes Llc $34,901 None Available
Carlton Margaret A $79,950 --
Adair Thomas Shawn $42,000 --
Jenkins James E $19,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Asset Management & Rentals Llc $74,250
Previous Owner Jackson Joseph $92,758
Previous Owner Jackson Joseph $91,832
Previous Owner Carlton Margaret A $63,960
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2022 03/31/22 Sold $99,000 -10.0% $138 / Sq Ft
02/02/2022 02/02/22 Pending -- -- --
01/30/2022 01/30/22 For Sale $110,000 +22.2% $153 / Sq Ft
04/18/2019 04/18/19 Sold $89,990 0.0% $125 / Sq Ft
03/15/2019 03/15/19 Pending -- -- --
03/07/2019 03/07/19 Price Changed $89,990 -5.3% $125 / Sq Ft
02/14/2019 02/14/19 Price Changed $94,990 -5.0% $132 / Sq Ft
02/06/2019 02/06/19 For Sale $99,990 -- $139 / 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 $2,004 $167,000 $55,000 $112,000
2024 $1,944 $162,000 $45,000 $117,000
2023 $1,668 $139,000 $36,000 $103,000
2022 $1,392 $116,000 $36,000 $80,000
2021 $948 $86,000 $16,000 $70,000
2020 $948 $79,000 $10,000 $69,000
2019 $540 $45,000 $10,000 $35,000
2018 $504 $42,000 $10,000 $32,000
2017 $504 $42,000 $10,000 $32,000
2016 $504 $42,000 $10,000 $32,000
2015 $672 $56,000 $10,000 $46,000
2014 $672 $56,000 $10,000 $46,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2202259

Central Virginia Regional MLS

APN: S007-1628-002