NOT LISTED FOR SALE

2501 E Franklin St Unit 3 Richmond, VA 23223

Church Hill Neighborhood

Estimated Value: $310,620 - $374,000

1 Bed
1 Bath
986 Sq Ft
1,002 Sq Ft Lot

Sale Details

Date Sold: March 23, 2018

Last sale price $238,900 $242 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $2,419 / mo

4 Days on Market

Highlights

  • City View
  • Clubhouse
  • Cathedral Ceiling
  • Open High School Rated A+
  • Contemporary Architecture
  • 3-minute walk to Patrick Henry Park

About This Home

As of March 2018

This condo has definitely has the wow-factor. The architectural details such as exposed brick walls and original beams give tons of character to this unit. While the 12 ft. ceilings create a volume of space that feels much larger than you would expect at this square footage. Gourmet kitchen with gas cooking, granite counters, huge island with breakfast bar with accent lighting. Lovely outdoor terrace provides a rare opportunity for real loft living with rare private outdoor space. Luxury master suite with separate tub and shower. Spacious walk-in closet has washer/dryer in adjacent closet. Other features include a double-sided gas fireplace, built-in bookshelves, glass doors to master bedroom. Walkable to restaurants and grocery store. Assigned parking space in covered garage. Substantial tax abatement reduces monthly cost of ownership through 2022. This one checks all the boxes.

Last Agent to Sell the Property

Sarah Jarvis

Samson Properties License #0225268866 Listed on: 02/07/2018

Samson Properties

Last Buyer's Agent

Alicia Soekawa

Fiv Realty Co License #0225272150

Fiv Realty Co

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,292

Year Built

  • Built in 1910 | Remodeled

Lot Details

  • Privacy Fence
  • Back Yard Fenced

HOA Fees

  • $310 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Brick Exterior Construction
  • Slab Foundation
  • Fire Rated Drywall

Interior Spaces

  • 986 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Bookcases
  • Cathedral Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • Track Lighting
  • Gas Fireplace
  • City Views
  • Stacked Washer and Dryer

Kitchen

  • Stove
  • Range Hood
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Walk-In Closet
  • 1 Full Bathroom

Outdoor Features

  • Patio

Schools

  • Bellevue Elementary School
  • Martin Luther King Jr. Middle School
  • Armstrong High School

Utilities

  • Central Air
  • Heat Pump System
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number E000-0388-024

Community Details

Amenities

  • Common Area
  • Clubhouse
  • Community Storage Space

Additional Features

  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,292

Year Built

Built in 1910 | Remodeled

Lot Details

1,002 Sq Ft Lot

HOA Fees

$310 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1910
  • Property Attached Yn: Yes
  • Lot Size Acres: 0.023
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Contemporary, Low Rise
  • Entry Level: 1
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Renovated
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Attached,Condominium
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Ceramic Tile, Partially Carpeted, Wood
  • Appliances: Washer/Dryer Stacked, Dishwasher, Electric Water Heater, Disposal, Refrigerator, Range Hood, Stove
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Bookcases, Built-in Features, Bedroom on Main Level, Ceiling Fan(s), Cathedral Ceiling(s), Fireplace, Granite Counters, High Ceilings, Kitchen Island, Main Level Primary, Recessed Lighting, Track Lighting, Walk-In Closet(s)
  • Living Area: 986.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Flat
  • Fencing: Back Yard, Fenced, Privacy
  • Pool Features: None
  • View: City
  • View: Yes
  • Waterfront: No
  • Construction Type: Brick, Drywall
  • Foundation Details: Slab
  • Patio And Porch Features: Patio
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1.0
  • Parking Features: Assigned, Attached, Underground, Garage, Garage Door Opener

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Washer Hookup, Dryer Hookup, Stacked
  • Security: Controlled Access
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Common Grounds/Area, Clubhouse, Home Owners Association, Storage Facilities
  • Amenities: Management
  • Association Fee: 309.82
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Insurance, Maintenance Structure, Reserve Fund, Sewer, Water

Schools

  • Middle Or Junior School: Martin Luther King Jr.

Lot Info

  • Parcel Number: E000-0388-024
  • Zoning Description: B-5
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 2292.0

MLS Schools

  • Elementary School: Bellevue
  • High School: Armstrong

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2018
Closed on
Mar 1, 2018
Sold by
Bought by
Seller's Agent
Sarah Jarvis
Samson Properties
Buyer's Agent
Alicia Soekawa
Fiv Realty Co
List Price
$238,900
Sold Price
$238,900
Current Estimated Value
$339,655

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$100,755
Avg. Annual Appreciation
4.29%
Original Mortgage
$203,065
Interest Rate
0.0432%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 8, 2013
Closed on
Jun 12, 2013
Sold by
Bought by
Seller's Agent
Sarah Jarvis
Samson Properties
Buyer's Agent
Rick Jarvis
Samson Properties
List Price
$219,900
Sold Price
$198,000
Premium/Discount to List
-$21,900
-9.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.02%
Original Mortgage
$194,413
Interest Rate
0.0339%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 12, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,000
Interest Rate
0.0576%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$238,900 Attorney
$198,000 --
$242,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $174,605
Closed $203,065
Previous Owner $182,000
Previous Owner $194,413
Previous Owner $224,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/23/2018 03/23/18 Sold $238,900 0.0% $242 / Sq Ft
02/11/2018 02/11/18 Pending -- -- --
02/07/2018 02/07/18 For Sale $238,900 +20.7% $242 / Sq Ft
06/17/2013 06/17/13 Sold $198,000 -10.0% $183 / Sq Ft View Prior Sale
03/22/2013 03/22/13 Pending -- -- --
01/08/2013 01/08/13 For Sale $219,900 -- $203 / Sq Ft
Source: Central Virginia Regional MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $2,928 $244,000 $55,000 $189,000
2025 $2,928 $244,000 $55,000 $189,000
2024 $2,928 $244,000 $55,000 $189,000
2023 $2,700 $225,000 $55,000 $170,000
2022 $2,700 $225,000 $55,000 $170,000
2020 $2,033 $214,000 $45,000 $169,000
2019 $1,744 $208,000 $60,000 $148,000
2018 $1,452 $191,000 $60,000 $131,000
2017 $2,292 $191,000 $60,000 $131,000
2016 $1,242 $188,000 $60,000 $128,000
2015 $1,242 $188,000 $60,000 $128,000
2014 $1,242 $170,000 $60,000 $110,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 1804112

Central Virginia Regional MLS

APN: E000-0388-024

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