NOT LISTED FOR SALE

306 E Grace St Richmond, VA 23219

Downtown Richmond Neighborhood

Estimated Value: $2,713,268

3 Beds
2 Baths
1,500 Sq Ft
$1,809/Sq Ft Est. Value

Highlights

  • Wood Flooring
  • Main Floor Bedroom
  • Heating Available
  • Open High School Rated A+
  • Cooling Available

About This Home

As of June 2022

3 BR, 2 bath apartment! Stylish upscale apartment in the heart of downtown Richmond 306 E. Grace is within steps from everything you need. Close to VCU/MCV, the Canal, Browns Island, the arts district and restaurants. Features Include: - open two level floor plan. - kitchen including granite counter tops stainless steel appliances plenty of cabinet drawer and counter top space perfect for the aspiring chef. Open floor plans, historic features and distinct architectural features. Washer/Dryer included. Water is included. Tenant will be responsible for electric, internet and parking. (If tenant prefers, utilities can be included at different price.) June move in.

Last Agent to Rent the Property

Theresa Alford

Henry Briggs & Assoc, Inc License #0225199872 Listed on: 05/03/2022

Last Renter's Agent

Theresa Alford

Henry Briggs & Assoc, Inc License #0225199872 Listed on: 05/03/2022

Property Details

Home Type

  • Apartment

Year Built

  • 1928

Lot Details

  • 4,008

Parking

  • On-Street Parking

Interior Spaces

  • 1,500 Sq Ft Home
  • 2-Story Property
  • Wood Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Main Floor Bedroom
  • 2 Full Bathrooms

Schools

  • Carver Elementary School
  • Albert Hill Middle School
  • Thomas Jefferson High School

Utilities

  • Cooling Available
  • Heating Available

Listing and Financial Details

  • Security Deposit $1,895
  • Property Available on 6/10/22
  • 12 Month Lease Term

Property Details

Home Type

Apartment

Year Built

1928

Lot Details

0

Rental Info

  • Furnished: Unfurnished
  • Rent Includes: Sewer, Water
  • Lease Term: 12 Months
  • Available Date: 2022-06-10
  • Security Deposit: 1895.0

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Apartment
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Property Sub Type Additional: Attached,Apartment
  • Special Features: None
  • Stories: 2
  • Year Built (Public Record): 1928

Interior Features

  • Flooring: Wood
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Interior Amenities: Bedroom on Main Level
  • Living Area: 1500.0
  • Stories: 2

Exterior Features

  • Pool Features: None
  • Disclosures: Renters Insurance Required

Garage/Parking

  • Parking Features: None, On Street

Utilities

  • Heating: Electric
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Pets Allowed: Conditional

Schools

  • Middle Or Junior School: Albert Hill

Lot Info

  • ResoLotSizeUnits: Acres

MLS Schools

  • Elementary School: Carver
  • High School: Thomas Jefferson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 27, 2022
Sold by
306 Grace Llc
Bought by
3416 Stuart Avenue Llc
Current Estimated Value
$2,713,268

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,600,000
Outstanding Balance
$1,483,913
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$1,229,355

Purchase Details

Closed on
Apr 25, 2014
Sold by
Madison Development Co
Bought by
Ramachandran Satish

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$237,600
Interest Rate
4.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 16, 2012
Sold by
Roupas Nicholas A
Bought by
306 Grace Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,659,497
Interest Rate
3.4%
Mortgage Type
Construction
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
3416 Stuart Avenue Llc $2,200,000 Fidelity National Title
Ramachandran Satish $297,000 --
306 Grace Llc $485,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 3416 Stuart Avenue Llc $1,600,000
Previous Owner Ramachandran Satish $237,600
Previous Owner 306 Grace Llc $1,659,497
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2022 06/24/22 Rented $1,795 0.0% --
05/09/2022 05/09/22 Price Changed $1,795 -5.3% $1 / Sq Ft
05/03/2022 05/03/22 For Rent $1,895 -- --
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 $26,388 $2,199,000 $245,000 $1,954,000
2024 $25,272 $2,106,000 $245,000 $1,861,000
2023 $25,272 $2,106,000 $245,000 $1,861,000
2022 $23,832 $1,986,000 $245,000 $1,741,000
2021 $22,888 $1,831,000 $195,000 $1,636,000
2020 $9,028 $1,831,000 $195,000 $1,636,000
2019 $7,515 $1,710,000 $195,000 $1,515,000
2018 $7,515 $1,710,000 $195,000 $1,515,000
2017 $21,375 $1,710,000 $195,000 $1,515,000
2016 $7,515 $1,710,000 $195,000 $1,515,000
2015 $6,265 $1,658,000 $195,000 $1,463,000
2014 $6,265 $1,610,000 $195,000 $1,415,000
Source: Public Records

Agents Affiliated with this Home

  • T

    Landlord's Agent in 2022

    Theresa Alford

    Henry Briggs & Assoc, Inc

    (804) 317-3333

    13 Total Sales

    Theresa Alford
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Map

Source: Central Virginia Regional MLS

MLS Number: 2211860

Central Virginia Regional MLS

APN: W000-0036-017

Virginia Richmond City County Richmond 23219 Downtown Richmond

306 E Grace St, Richmond, VA

Not Listed for Sale

MultiFamily

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.

Central Virginia Regional MLS 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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