2501 E Franklin St Unit 8 Richmond, VA 23223
Shockoe Bottom Neighborhood
2
Beds
2
Baths
1,332
Sq Ft
1,307
Sq Ft Lot
Highlights
- Wood Flooring
- Forced Air Heating and Cooling System
- 3-minute walk to Patrick Henry Park
- Open High School Rated A+
About This Home
As of September 2018Enjoy the best downtown living has to offer, at The Reserve. Converted from an original 1910 structure, Unit 8 has an expansive open floor plan an benefits from a street level door on 25th St. You're going to love the exposed beams and bright hardwood floors. The open kitchen features stainless appliances and granite countertops with tons of storage space. The master has a huge walk-in closet that includes the full sized stacked washer dryer and an on suite master with double vanities and walk in shower. Enjoy walking to Millies, Farm Fresh, Starbucks, downtown and historic Church Hill. Garage parking has one covered parking spot and one secured/fenced in parking spot. Don't forget to check out the rooftop deck!
Last Agent to Sell the Property
Long & Foster REALTORS License #0225068456 Listed on: 03/07/2013
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,552
Year Built
- 1910
Interior Spaces
- Property has 1 Level
- Wood Flooring
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Utilities
- Forced Air Heating and Cooling System
Listing and Financial Details
- Assessor Parcel Number E0000388029
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Feb 4, 2019
Sold by
Gavalya Alan and Miller Joyce
Bought by
Gavalya Alan R and Miller Joyce A
Current Estimated Value
Purchase Details
Listed on
Jul 25, 2018
Closed on
Sep 10, 2018
Sold by
Saunders Joseph K
Bought by
Gavalya Alan and Miller Joyce
Seller's Agent
Cathy Saunders
Long & Foster REALTORS
List Price
$260,000
Sold Price
$255,000
Premium/Discount to List
-$5,000
-1.92%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.96%
Original Mortgage
$204,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Listed on
Mar 7, 2013
Closed on
Apr 22, 2013
Sold by
Briant John A O
Bought by
Saunders Joseph K
Seller's Agent
George Cumming
Long & Foster REALTORS
Buyer's Agent
Cathy Saunders
Long & Foster REALTORS
List Price
$232,500
Sold Price
$232,500
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.74%
Original Mortgage
$220,875
Interest Rate
3.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 1, 2011
Sold by
Natl Residl Nominee Svcs Inc
Bought by
Obriant John A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$143,850
Interest Rate
4.6%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 20, 2010
Sold by
Kaplan Matthew
Bought by
National Residl Nominee Svcs
Purchase Details
Closed on
Jul 22, 2008
Sold by
Bowens Rodney
Bought by
Kaplan Matthew
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Nov 12, 2007
Sold by
Foundry Lofts
Bought by
Bowens Rodney
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
6.41%
Mortgage Type
New Conventional
Similar Homes in the area
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 |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $255,000 | Attorney | |
| Warranty Deed | $232,500 | -- | |
| Special Warranty Deed | $179,850 | -- | |
| Warranty Deed | $217,500 | -- | |
| Warranty Deed | $275,000 | -- | |
| Warranty Deed | $275,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $151,000 | New Conventional | |
| Closed | $204,000 | New Conventional | |
| Previous Owner | $220,875 | New Conventional | |
| Previous Owner | $143,850 | New Conventional | |
| Previous Owner | $220,000 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $220,000 | New Conventional | |
| Previous Owner | $216,000 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/20/2018 09/20/18 | Sold | $255,000 | -1.9% | $191 / Sq Ft |
| 08/03/2018 08/03/18 | Pending | -- | -- | -- |
| 07/25/2018 07/25/18 | For Sale | $260,000 | +11.8% | $195 / Sq Ft |
| 05/10/2013 05/10/13 | Sold | $232,500 | 0.0% | $175 / Sq Ft |
| 03/14/2013 03/14/13 | Pending | -- | -- | -- |
| 03/07/2013 03/07/13 | For Sale | $232,500 | -- | $175 / 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 | $3,552 | $296,000 | $55,000 | $241,000 |
| 2024 | $3,552 | $296,000 | $55,000 | $241,000 |
| 2023 | $3,264 | $272,000 | $55,000 | $217,000 |
| 2022 | $3,264 | $272,000 | $55,000 | $217,000 |
| 2021 | $3,108 | $272,000 | $55,000 | $217,000 |
| 2020 | $2,201 | $259,000 | $54,000 | $205,000 |
| 2019 | $2,105 | $251,000 | $60,000 | $191,000 |
| 2018 | $1,594 | $228,000 | $60,000 | $168,000 |
| 2017 | $2,736 | $228,000 | $60,000 | $168,000 |
| 2016 | $1,308 | $225,000 | $60,000 | $165,000 |
| 2015 | $1,308 | $225,000 | $60,000 | $165,000 |
| 2014 | $1,308 | $215,000 | $60,000 | $155,000 |
Source: Public Records
Agents Affiliated with this Home
-
Cathy Saunders
Seller's Agent in 2018
Cathy Saunders
Long & Foster
(804) 304-3929
112 Total Sales
-
George Cumming
G
Seller's Agent in 2013
George Cumming
Long & Foster
(804) 334-2251
27 Total Sales
Map
Source: Central Virginia Regional MLS
MLS Number: 1305941
APN: E000-0388-029
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.
Nearby Homes
- 2400 E Franklin St
- 2417 E Grace St
- 2502 E Grace St
- 2311 E Broad St
- 2800 E Franklin St
- 2610 E Broad St
- 306 N 26th St Unit 222
- 2200 E Grace St
- 116 N 29th St
- 215 N 28th St
- 323 N 27th St
- 2320 E Marshall St
- 412 N 27th St
- 2911 1/2 E Broad St Unit B
- 408 N 24th St
- 2100 E Broad St
- 3010 E Franklin St
- 2921 E Marshall St
- 3005 E Marshall St
- 506 N 28th St