NOT LISTED FOR SALE

Estimated Value: $224,000 - $356,068

4 Beds
3 Baths
1,488 Sq Ft
$206/Sq Ft Est. Value

Last Sold March 10, 2023

Last sale price $329,500 $221 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $1,911/month

About This Home

As of March 2023

DUPLEX MUST SEE! Complete renovation inside and out. Perfect for investment property or owner/investor. Sold as package with 1104 W Broadway, Hopewell MLS#
Duplex: 2907 W Strathmore Rd North Chesterfield $325,000
5% Down Cash-on-Cash Return $16,250 236.31%
CAP Rate 4.62%
Debt service $1,948.00 $23,376.00
Taxes $168.50 $2,022.00
Income Unit 1 Unit 2 Total
$1,900.00 $1,300.00 $3,200.00
Annual Income $38,400.00
Annual Expenses $23,376.00
Net Income $15,024.00

Last Agent to Sell the Property

Jonathan Powell

Keller Williams Williamsburg Listed on: 02/27/2023

Keller Williams Williamsburg

Last Buyer's Agent

Matt Spagnolo

Real Broker LLC License #0225249383

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,022

Year Built

  • Built in 1946

Lot Details

  • 10,759 Sq Ft Lot

Home Design

  • Duplex
  • Cape Cod Architecture
  • Frame Construction
  • Asphalt Roof
  • Aluminum Siding

Interior Spaces

  • 1,488 Sq Ft Home
  • 1-Story Property
  • Crawl Space

Schools

  • Bensley Elementary School
  • Falling Creek Middle School
  • Meadowbrook High School

Community Details

  • 2 Units
  • Sherbourne Heights Subdivision

Listing and Financial Details

  • Tax Lot 2
  • Assessor Parcel Number 788-68-28-33-300-000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,022

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 1946
  • Lot Size Acres: 0.247
  • Ownership: Corporate
  • Subdivision Name: Sherbourne Heights
  • Architectural Style: Cape Cod
  • Garage Yn: No
  • Unit Levels: One and One Half
  • Year Built Details: Actual
  • Property Sub Type Additional: Duplex
  • Special Features: None

Interior Features

  • Basement: Crawl Space
  • Basement YN: No
  • Living Area: 1488.0
  • Stories: 1

Exterior Features

  • Roof: Asphalt
  • Fencing: None
  • Waterfront: No
  • Disclosures: Seller Disclosure
  • Construction Type: Aluminum Siding, Frame

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Schools

  • Middle Or Junior School: Falling Creek

Lot Info

  • Parcel Number: 788-68-28-33-300-000
  • Zoning Description: R7
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2022.0
  • Tax Lot: 2

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Bensley
  • High School: Meadowbrook

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2023
Closed on
Mar 9, 2023
Sold by
Velasquez Holdings Llc
Bought by
Mms Rental Group Llc
Seller's Agent
Jonathan Powell
Keller Williams Williamsburg
Buyer's Agent
Matt Spagnolo
Real Broker LLC
List Price
$325,000
Sold Price
$329,500
Premium/Discount to List
$4,500
1.38%
Current Estimated Value
$306,517

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,983
Avg. Annual Appreciation
-1.12%

Purchase Details

Closed on
Oct 6, 2022
Sold by
Velasquez Jose
Bought by
Velasquez Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 17, 2001
Sold by
Bass Benjamin L Estate
Bought by
Bass Ira W and Bass Dorothy M
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
Mms Rental Group Llc $329,500 None Listed On Document
Velasquez Holdings Llc -- Stewart Title Guaranty Company
Bass Ira W $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mms Rental Group Llc $462,750
Previous Owner Velasquez Holdings Llc $160,000
Previous Owner Velasquez Jose $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2023 03/10/23 Sold $329,500 +1.4% $221 / Sq Ft
03/01/2023 03/01/23 Pending -- -- --
02/28/2023 02/28/23 For Sale $325,000 +371.0% $218 / Sq Ft
06/16/2015 06/16/15 Sold $69,000 -13.8% $56 / Sq Ft
05/29/2015 05/29/15 Pending -- -- --
05/07/2015 05/07/15 For Sale $80,000 -- $65 / Sq Ft
Source: Chesapeake Bay & Rivers Association of REALTORS®

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 $3,045 $339,300 $50,000 $289,300
2024 $3,045 $316,500 $45,000 $271,500
2023 $1,839 $202,100 $40,000 $162,100
2022 $2,022 $219,800 $35,000 $184,800
2021 $1,479 $153,100 $35,000 $118,100
2020 $1,392 $146,500 $34,000 $112,500
2019 $1,229 $136,300 $33,000 $103,300
2018 $1,202 $126,500 $33,000 $93,500
2017 $1,158 $120,600 $33,000 $87,600
2016 $1,099 $114,500 $33,000 $81,500
2015 $1,096 $111,600 $33,000 $78,600
2014 $1,096 $111,600 $33,000 $78,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Chesapeake Bay & Rivers Association of REALTORS®

MLS Number: 2304489

Chesapeake Bay & Rivers Association of REALTORS®

APN: 788-68-28-33-300-000