NOT LISTED FOR SALE

314 N Lake Ave Richmond, VA 23223

Fairfield Neighborhood

Estimated Value: $212,000 - $264,000

2 Beds
2 Baths
1,200 Sq Ft
$196/Sq Ft Est. Value

Last Sold December 22, 2020

Last sale price $130,000 $108 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $1,386/month

46 Days on Market

Highlights

  • City View
  • Cottage
  • Thermal Windows
  • 0.59 Acre Lot
  • 2 Car Detached Garage
  • Cul-De-Sac

About This Home

As of December 2020

Gorgeous looking ranch home in the heart of the East end. This home comes with 2 bedrooms ,2 bath room ,living room and kitchen. Special features are HVAC system, Utility room, 2 car garage, and plenty of rear yard. Currently this home is being rented ,with a paying tenant.

Last Agent to Sell the Property

Luther Brown

Luther Brown & Associates License #0225033279 Listed on: 09/04/2020

Last Buyer's Agent

Stephanie Joyce

Virginia Capital Realty License #0225225948

Virginia Capital Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,056

Year Built

  • Built in 1937

Lot Details

  • 0.59 Acre Lot
  • Cul-De-Sac
  • Level Lot
  • Zoning described as R3

Parking

  • 2 Car Detached Garage
  • Oversized Parking
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Cottage
  • Bungalow
  • Brick Exterior Construction
  • Fire Rated Drywall
  • Composition Roof
  • Vinyl Siding

Interior Spaces

  • 1,200 Sq Ft Home
  • 1-Story Property
  • Thermal Windows
  • Window Treatments
  • Insulated Doors
  • City Views
  • Crawl Space
  • Laminate Countertops
  • Washer and Dryer Hookup

Flooring

  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Outdoor Features

  • Front Porch

Schools

  • Highland Springs Elementary School
  • Fairfield Middle School
  • Highland Springs

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Water Heater
  • Cable TV Available

Community Details

  • Beechwood Park Subdivision

Listing and Financial Details

  • Assessor Parcel Number 819-727-9281

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,056

Year Built

Built in 1937

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1937
  • Property Attached Yn: No
  • Lot Size Acres: 0.586
  • Ownership: Partnership
  • Subdivision Name: Beechwood Park
  • Architectural Style: Bungalow, Cottage, Ranch
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Laminate, Tile, Vinyl
  • Basement: Crawl Space
  • Appliances: Electric Water Heater
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Insulated Doors
  • Fireplace: No
  • Interior Amenities: Bedroom on Main Level, Laminate Counters, Bath in Primary Bedroom, Cable TV, Window Treatments
  • Living Area: 1200.0
  • Stories: 1
  • Window Features: Thermal Windows, Window Treatments
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Composition
  • Fencing: None
  • Lot Features: Cul-De-Sac, Level
  • Pool Features: None
  • View: City
  • View: Yes
  • Waterfront: No
  • Construction Type: Brick, Block, Drywall, Vinyl Siding
  • Exterior Features: Porch
  • Patio And Porch Features: Front Porch, Porch
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage, Off Street, Oversized, On Street

Utilities

  • Heating: Electric, Forced Air
  • Cooling: Central Air, Electric, Heat Pump
  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Fairfield

Lot Info

  • Parcel Number: 819-727-9281
  • Zoning Description: R3
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 1056.0

MLS Schools

  • Elementary School: Highland Springs
  • High School: Highland Springs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2020
Closed on
Dec 3, 2020
Sold by
Lee & Lee Properties Llc
Bought by
Pedro Hakeem M
Seller's Agent
Luther Brown
Luther Brown & Associates
Buyer's Agent
Stephanie Joyce
Virginia Capital Realty
List Price
$142,000
Sold Price
$130,000
Premium/Discount to List
-$12,000
-8.45%
Current Estimated Value
$235,253

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,253
Avg. Annual Appreciation
12.87%
Original Mortgage
$132,990
Outstanding Balance
$118,401
Interest Rate
2.7%
Mortgage Type
VA
Estimated Equity
$116,852

Purchase Details

Closed on
May 16, 2019
Sold by
Lee Reginald K
Bought by
Lee And Lee Properties

Purchase Details

Closed on
Nov 4, 2013
Sold by
Legacy Capital Investment Llc
Bought by
Lee Reginald K
Source: Public Records

Range of Values:

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Average Value
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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
Pedro Hakeem M $137,000 Attorney
Lee And Lee Properties -- None Available
Lee Reginald K $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pedro Hakeem M $132,990
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2020 12/22/20 Sold $130,000 -8.5% $108 / Sq Ft
10/20/2020 10/20/20 Pending -- -- --
09/18/2020 09/18/20 For Sale $142,000 +9.2% $118 / Sq Ft
09/05/2020 09/05/20 Off Market $130,000 -- --
09/04/2020 09/04/20 For Sale $142,000 -- $118 / 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 $1,746 $176,400 $40,000 $136,400
2024 $1,746 $176,400 $40,000 $136,400
2023 $1,517 $176,400 $40,000 $136,400
2022 $1,170 $142,700 $38,500 $104,200
2021 $1,180 $120,000 $37,500 $82,500
2020 $1,056 $120,000 $37,500 $82,500
2019 $985 $111,900 $35,000 $76,900
2018 $909 $103,300 $32,000 $71,300
2017 $852 $96,800 $32,000 $64,800
2016 $811 $92,100 $32,000 $60,100
2015 $787 $89,400 $32,000 $57,400
2014 $787 $89,400 $32,000 $57,400
Source: Public Records

Agents Affiliated with this Home

  • Luther Brown

    Seller's Agent in 2020

    Luther Brown

    Luther Brown & Associates

    (804) 920-5306

    1 in this area

    16 Total Sales

    Luther Brown
    Section Image
  • Stephanie Joyce

    Buyer's Agent in 2020

    Stephanie Joyce

    Virginia Capital Realty

    (804) 496-1464

    1 in this area

    31 Total Sales

    Stephanie Joyce
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 2026742

Central Virginia Regional MLS

APN: 819-727-9281

Virginia Henrico County Richmond 23223 Fairfield

314 N Lake Ave, Richmond, VA

Not Listed for Sale

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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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