NOT LISTED FOR SALE

256 E Broadway Hopewell, VA 23860

Estimated Value: $540,239

Studio
-- Bath
5,278 Sq Ft
$102/Sq Ft Est. Value

Sale Details

Date Sold: December 3, 2019

Last sale price $175,000 $33 Per Sq Ft

Est. 209% increase in value since last sale

Current estimated payment $3,409 / mo

16 Days on Market

About This Home

As of December 2019

**HOPEWELL INVESTORS WANTED** HISTORIC TAX CREDIT & ENTERPRISE ZONE OPPORTUNITY. Here is a Fantastic Opportunity to Invest in Hopewell- 256 East Broadway in West City Point. This 5278 sqft., All Brick, Italianate Building was built in 1917 and is 2 stories tall and has ally access. With much help from the City of Hopewell, a SUP was granted for 1 commercial space and 3 apartment units. The 3- one bedroom apartments are roughed in and ready to be finished off. The commercial space is wide open and also ready to be finished off. The City of Hopewell also has incentives in this area for business owners and redevelopers. If you are looking for a Long Term Investment Property in Hopewell, then you need to drive by and see this incredible building and it's incredible location. Now is the Time to Invest in Hopewell.

Last Agent to Sell the Property

Matt Smith

Weichert Brockwell & Associate License #0225178533 Listed on: 08/20/2019

Weichert Brockwell & Associate

Last Buyer's Agent

Tonya McKinney

Ingram & Associates-Hopewell License #0225221307

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $433

Year Built

  • Built in 1917

Lot Details

  • 2,749

Parking

  • On-Street Parking

Home Design

  • Triplex
  • Spanish Architecture
  • Brick Exterior Construction
  • Slab Foundation
  • Fire Rated Drywall
  • Rubber Roof

Interior Spaces

  • 5,278 Sq Ft Home
  • 2-Story Property

Schools

  • Copeland Elementary School
  • Carter G. Woodson Middle School
  • Hopewell High School

Additional Features

  • Balcony
  • 2,749 Sq Ft Lot
  • Water Heater

Community Details

  • 3 Units
  • West City Point Subdivision

Listing and Financial Details

  • Tax Lot 26
  • Assessor Parcel Number 080-0460

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$433

Year Built

Built in 1917

Lot Details

2,749 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Year Built: 1917
  • Lot Size Acres: 0.0631
  • Ownership: Individuals
  • Subdivision Name: West City Point
  • Architectural Style: Two Story, Spanish/Mediterranean
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Actual
  • Property Sub Type Additional: Triplex
  • Special Features: None
  • Stories: 2

Interior Features

  • Appliances: Electric Water Heater
  • Basement YN: No
  • Living Area: 5278.0
  • Stories: 2

Exterior Features

  • Roof: Rubber
  • Fencing: None
  • Waterfront: No
  • Disclosures: Sellers Disclosure Not Available
  • Construction Type: Brick, Block, Drywall
  • Foundation Details: Slab
  • Patio And Porch Features: Balcony

Garage/Parking

  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Middle Or Junior School: Carter G. Woodson

Lot Info

  • Parcel Number: 080-0460
  • Zoning Description: B1
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 433.0
  • Tax Lot: 26

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • Elementary School: Copeland
  • High School: Hopewell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2019
Closed on
Nov 20, 2019
Sold by
Lc And Wb Llc
Bought by
Primo Partners Llc
Seller's Agent
Matt Smith
Weichert Brockwell & Associate
Buyer's Agent
Tonya McKinney
Ingram & Associates-Hopewell
List Price
$190,000
Sold Price
$175,000
Premium/Discount to List
-$15,000
-7.89%
Current Estimated Value
$540,239

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$365,239
Original Mortgage
$268,000
Outstanding Balance
$235,771
Interest Rate
3.6%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 20, 2016
Sold by
Comeau Christian R and Comeau Melissa C
Bought by
Lc And Wb Llc
Source: Public Records
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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
Primo Partners Llc $175,000 Sherwood Title Llc
Lc And Wb Llc $42,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Primo Partners Llc $268,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/03/2019 12/03/19 Sold $175,000 -7.9% $33 / Sq Ft
09/05/2019 09/05/19 Pending -- -- --
08/20/2019 08/20/19 For Sale $190,000 -- $36 / Sq Ft
Source: Central Virginia Regional MLS

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 $6,539 $558,900 $18,500 $540,400
2024 $2,328 $205,100 $16,500 $188,600
2023 $2,275 $205,100 $16,500 $188,600
2022 $1,890 $167,300 $16,500 $150,800
2021 $1,890 $167,300 $16,500 $150,800
2020 $446 $50,400 $16,500 $33,900
2019 $433 $50,400 $16,500 $33,900
2018 $364 $32,200 $16,500 $15,700
2017 $364 $32,200 $16,500 $15,700
2016 $377 $33,400 $16,900 $16,500
2015 $377 $33,400 $16,900 $16,500
2014 $371 $33,400 $16,900 $16,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 1927809

Central Virginia Regional MLS

APN: 080-0460

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