2705 Hanover Ave Unit 1 Richmond, VA 23220
The Fan NeighborhoodEstimated payment $1,989/month
Highlights
- 0.16 Acre Lot
- Wood Flooring
- Controlled Access
- Open High School Rated A+
- Granite Countertops
- Recessed Lighting
About This Home
Welcome to the heart of Richmond’s coveted Fan/Museum District! This stylish 2-bedroom, 1-bath condo is set in a classic 1928 Art Deco building steps from the VMFA, Carytown, VCU, and Byrd Park, all for under $300,000! The freshly painted light-filled interior features an open-concept living and kitchen space, anchored by a granite bar perfect for dining or entertaining. The kitchen is outfitted with stainless steel appliances, and the convenience of an all-in-one washer/dryer unit makes city living even easier. Warm hardwood floors and tall windows add to the home’s character, while the versatile second bedroom with French doors doubles as a home office or guest room. There are eight off-street parking spaces (first-come, first-served) and secure basement storage—a rare find in this walkable neighborhood. Experience the perfect blend of historic charm and modern convenience in one of Richmond’s most vibrant locations.
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $1,980
Year Built
- Built in 1928
Lot Details
- Property fronts an alley
HOA Fees
- $228 Monthly HOA Fees
Home Design
- Flat Roof Shape
- Brick Exterior Construction
- Plaster
Interior Spaces
- 690 Sq Ft Home
- 1-Story Property
- Recessed Lighting
- French Doors
Kitchen
- Electric Cooktop
- Stove
- Microwave
- Dishwasher
- Granite Countertops
- Laminate Countertops
- Disposal
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Basement
- Partial Basement
- Basement Storage
Parking
- On-Street Parking
- Off-Street Parking
Schools
- Fox Elementary School
- Dogwood Middle School
- Thomas Jefferson High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Gas Water Heater
Community Details
- Controlled Access
Listing and Financial Details
- Assessor Parcel Number W000-1204-046
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,980 | $165,000 | $45,000 | $120,000 |
| 2024 | $1,980 | $165,000 | $45,000 | $120,000 |
| 2023 | $1,980 | $165,000 | $45,000 | $120,000 |
| 2022 | $1,980 | $165,000 | $45,000 | $120,000 |
| 2021 | $1,980 | $165,000 | $45,000 | $120,000 |
| 2020 | $1,740 | $165,000 | $35,000 | $130,000 |
| 2019 | $1,512 | $156,000 | $35,000 | $121,000 |
| 2018 | $1,260 | $145,000 | $35,000 | $110,000 |
| 2017 | $1,680 | $140,000 | $35,000 | $105,000 |
| 2016 | $1,080 | $140,000 | $35,000 | $105,000 |
| 2015 | $1,080 | $140,000 | $35,000 | $105,000 |
| 2014 | $1,080 | $140,000 | $35,000 | $105,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/22/2025 09/22/25 | Price Changed | $299,900 | -1.7% | $435 / Sq Ft |
| 08/26/2025 08/26/25 | For Sale | $305,000 | -- | $442 / Sq Ft |
Source: Central Virginia Regional MLS
MLS Number: 2523849
APN: W000-1204-046
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.
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