NOT LISTED FOR SALE

Estimated Value: $1,442,771

-- Bed
-- Bath
5,819 Sq Ft
$248/Sq Ft Est. Value

Last Sold June 25, 2018

Last sale price $700,000 $120 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $8,847/month

80 Days on Market

Highlights

  • Wood Siding
  • Open High School Rated A+
  • 1-minute walk to Chimborazo Playground

About This Home

As of June 2018

One Commercial space consists of an established Pizza Restaurant with a strong customer base. The three luxury, condo grade two bedroom apartments offer hardwood floors, granite counter tops in the kitchens and new windows throughout. The building was built in 1914 and totally renovated in 2010 with new roofs, HVAC, electrical, plumbing, bathrooms, kitchens, windows, walls, etc. The owner has been a good steward of the property and it has been very well maintained.

Last Agent to Sell the Property

Lory Markham

One South Commercial LLC License #0225227308 Listed on: 02/02/2018

One South Commercial LLC

Co-Listed By

Ann Schweitzer Riley

One South Commercial LLC License #0225211714

One South Commercial LLC

Last Buyer's Agent

Ann Schweitzer Riley

One South Commercial LLC License #0225211714

One South Commercial LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,521

Year Built

  • Built in 1914

Lot Details

  • 2,278 Sq Ft Lot

Home Design

  • Quadruplex
  • Flat Roof Shape
  • Wood Siding

Interior Spaces

  • 5,819 Sq Ft Home
  • 2-Story Property
  • Partial Basement

Schools

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

Listing and Financial Details

  • Assessor Parcel Number E000-0530-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,521

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Year Built: 1914
  • Lot Size Acres: 0.0523
  • Co List Office Mls Id: ONES01
  • Co List Office Phone: 804-353-0009
  • Ownership: Corporate
  • Subdivision Name: None
  • Architectural Style: Two Story
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Approximate
  • Property Sub Type Additional: Quadruplex
  • General Property Information Below Grade Unfinished Area: 1711.0
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement: Partial
  • Basement YN: No
  • Living Area: 5819.0
  • Stories: 2

Exterior Features

  • Roof: Flat
  • Waterfront: No
  • Disclosures: Sellers Disclosure Not Available
  • Construction Type: Wood Siding

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Middle Or Junior School: Martin Luther King Jr.

Lot Info

  • Parcel Number: E000-0530-017
  • Zoning Description: R-6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 6521.0

MLS Schools

  • Elementary School: Chimborazo
  • High School: Armstrong

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 4, 2019
Sold by
Broad Street Investment Llc
Bought by
Bs Ventures Llc
Current Estimated Value
$1,442,771

Purchase Details

Listed on
Feb 2, 2018
Closed on
Jun 18, 2018
Sold by
2824 East Broad Llc A Virginia Limited L
Bought by
2824 Broad Street Investment Llc A Virgi
Seller's Agent
Lory Markham
One South Commercial LLC
Buyer's Agent
Ann Schweitzer Riley
One South Commercial LLC
List Price
$965,000
Sold Price
$700,000
Premium/Discount to List
-$265,000
-27.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.71%
Original Mortgage
$560,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 18, 2009
Sold by
2824 East Broad St Llc
Bought by
2824 East Broad Llc

Purchase Details

Closed on
Jul 28, 2005
Sold by
Suh Chol Su
Bought by
St 2824 E Broad
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
Bs Ventures Llc $875,000 Attorney
2824 Broad Street Investment Llc A Virgi $700,000 Attorney
2824 East Broad Llc $125,000 --
St 2824 E Broad $249,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 2824 Broad Street Investment Llc A Virgi $560,000
Previous Owner 2824 East Broad Llc $405,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2018 06/25/18 Sold $700,000 -20.0% $120 / Sq Ft
04/23/2018 04/23/18 Pending -- -- --
03/23/2018 03/23/18 Price Changed $875,000 -9.3% $150 / Sq Ft
02/02/2018 02/02/18 For Sale $965,000 -- $166 / 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 $10,272 $856,000 $191,000 $665,000
2024 $10,692 $891,000 $191,000 $700,000
2023 $10,692 $891,000 $191,000 $700,000
2022 $10,404 $867,000 $149,000 $718,000
2021 $7,973 $662,000 $91,000 $571,000
2020 $6,803 $662,000 $91,000 $571,000
2019 $4,625 $578,000 $75,000 $503,000
2018 $3,083 $547,000 $68,000 $479,000
2017 $6,521 $541,000 $68,000 $473,000
2016 $1,805 $538,000 $65,000 $473,000
2015 $1,529 $538,000 $65,000 $473,000
2014 $1,529 $515,000 $65,000 $450,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 1806211

Central Virginia Regional MLS

APN: E000-0530-017