NOT LISTED FOR SALE

3118 Groveland Ave Richmond, VA 23222

Highland Park Neighborhood

Estimated Value: $205,000 - $231,000

3 Beds
1.5 Baths
1,103 Sq Ft
$200/Sq Ft Est. Value

Last Sold July 08, 2024

Last sale price $215,000 $195 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $1,369/month

4 Days on Market

Highlights

  • Wood Flooring
  • Forced Air Heating and Cooling System
  • 3-minute walk to Hotchkiss Park
  • Open High School Rated A+
  • Wood Siding

About This Home

As of July 2024

Great potential as a rental or renovation - a perfect investment opportunity in a sought-after neighborhood! A fantastic 3-bedroom, 1.5-bathroom home in Richmond in a convenient location and full of desirable features, this home presents an incredible opportunity for the savvy investor or homeowner. Just over 3 miles from VCU and Scott's Addition and walkable to several shops and restaurants in the Northside Community. Don't miss out on this gem!

Last Agent to Sell the Property

Alyssa Devereaux

Compass Brokerage Phone: (804) 386-3985 License #0225251051 Listed on: 05/30/2024

Compass

Last Buyer's Agent

Kelly Ross

Liz Moore & Associates License #0225256215

Liz Moore & Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,656

Year Built

  • Built in 1991

Lot Details

  • 2,100 Sq Ft Lot
  • Zoning described as R-5

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Asphalt Roof
  • Wood Siding
  • Vinyl Siding

Interior Spaces

  • 1,103 Sq Ft Home
  • 2-Story Property
  • Crawl Space

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Barack Obama Elementary School
  • Henderson Middle School
  • John Marshall High School

Utilities

  • Forced Air Heating and Cooling System

Community Details

  • Highland Terrace Annex Subdivision

Listing and Financial Details

  • Tax Lot 186
  • Assessor Parcel Number N000-1054-008

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,656

Year Built

Built in 1991

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1991
  • Property Attached Yn: No
  • Attribution Contact: (804) 386-3985
  • Lot Size Acres: 0.0482
  • Ownership: Individuals
  • Subdivision Name: Highland Terrace Annex
  • Above Grade Finished Sq Ft: 1103.0
  • Architectural Style: Two Story
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Carpet, Wood
  • Basement: Crawl Space
  • Basement YN: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Living Area: 1103.0
  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Asphalt, Shingle
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Disclosure on File, Seller Disclosure
  • Construction Type: Brick, Vinyl Siding, Wood Siding
  • Property Condition: Resale

Utilities

  • Heating: Electric, Forced Air
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Henderson

Lot Info

  • Parcel Number: N000-1054-008
  • Zoning Description: R-5
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 1656.0
  • Tax Lot: 186

MLS Schools

  • Elementary School: Barack Obama
  • High School: John Marshall

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2024
Closed on
Jun 24, 2024
Sold by
Cava Capital Llc
Bought by
Washington Capital Investment Group Llc
Seller's Agent
Alyssa Devereaux
Compass
Buyer's Agent
Kelly Ross
Liz Moore & Associates
List Price
$174,900
Sold Price
$215,000
Premium/Discount to List
$40,100
22.93%
Views
437
Current Estimated Value
$220,416

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,416
Avg. Annual Appreciation
2.42%
Original Mortgage
$172,000
Outstanding Balance
$170,686
Interest Rate
6.94%
Mortgage Type
Credit Line Revolving
Estimated Equity
$49,875

Purchase Details

Closed on
Apr 4, 2024
Sold by
Craney Daniel
Bought by
Cava Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,500
Interest Rate
6.88%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 5, 2007
Sold by
Yeadon Thoma J
Bought by
Craney Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$59,000
Interest Rate
6.24%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 17, 2005
Sold by
Jones Jon
Bought by
Yeardon Thomas and Mills,Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,100
Interest Rate
5.79%
Mortgage Type
Stand Alone Second
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
Washington Capital Investment Group Llc $215,000 Heritage Title
Cava Capital Llc $131,600 Old Republic National Title
Craney Daniel $93,000 --
Yeardon Thomas $74,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Washington Capital Investment Group Llc $172,000
Previous Owner Cava Capital Llc $216,500
Previous Owner Craney Daniel $59,000
Previous Owner Yeadon Thomas $11,100
Previous Owner Yeardon Thomas $59,200
Closed Cava Capital Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2024 07/08/24 Sold $215,000 +22.9% $195 / Sq Ft
06/04/2024 06/04/24 Pending -- -- --
05/30/2024 05/30/24 For Sale $174,900 -- $159 / 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 $1,824 $152,000 $56,000 $96,000
2024 $1,704 $142,000 $50,000 $92,000
2023 $1,656 $138,000 $50,000 $88,000
2022 $1,284 $107,000 $27,000 $80,000
2021 $1,152 $99,000 $21,000 $78,000
2020 $1,152 $96,000 $21,000 $75,000
2019 $1,044 $87,000 $15,000 $72,000
2018 $888 $74,000 $15,000 $59,000
2017 $876 $73,000 $15,000 $58,000
2016 $936 $78,000 $20,000 $58,000
2015 $936 $78,000 $20,000 $58,000
2014 $936 $78,000 $20,000 $58,000
Source: Public Records

Agents Affiliated with this Home

  • Alyssa Devereaux

    Seller's Agent in 2024

    Alyssa Devereaux

    Compass

    (804) 386-3985

    5 in this area

    62 Total Sales

    Section Image
  • Kelly Ross

    Buyer's Agent in 2024

    Kelly Ross

    Liz Moore & Associates

    (732) 337-8626

    3 in this area

    90 Total Sales

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Map

Source: Central Virginia Regional MLS

MLS Number: 2413943

Central Virginia Regional MLS

APN: N000-1054-008

Virginia Richmond City County Richmond 23222 Highland Park

3118 Groveland Ave, Richmond, VA

This home is located at 3118 Groveland Ave, Richmond, VA 23222 since 30 May 2024 and is currently estimated at $221,052, approximately $200 per square foot. This property was built in 1991. 3118 Groveland Ave is a home located in Richmond City with nearby schools including Henderson Middle School, John Marshall High School, and Open High School.

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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