NOT LISTED FOR SALE

3405 Commerce Rd Richmond, VA 23234

Estimated Value: $2,523,663

-- Bed
-- Bath
42,628 Sq Ft
$59/Sq Ft Est. Value

About This Home

This home is located at 3405 Commerce Rd, Richmond, VA 23234 and is currently estimated at $2,523,663, approximately $59 per square foot. 3405 Commerce Rd is a home located in Richmond City with nearby schools including Broad Rock Elementary School, Thomas C. Boushall Middle School, and Richmond High School for the Arts.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 18, 2022
Sold by
K Associates Commerce Rd Llc
Bought by
1501Ww Llc
Current Estimated Value
$2,523,663

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,760,000
Outstanding Balance
$1,693,711
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2003
Sold by
Deluxe Finc'L Service
Bought by
Commerce 3405 Assocs
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
1501Ww Llc $2,200,000 Chicago Title
Commerce 3405 Assocs $781,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1501Ww Llc $1,760,000
Previous Owner K Associates Commerce Rd Llc $975,000
Source: Public Records

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 $24,408 $2,034,000 $892,000 $1,142,000
2024 $24,528 $2,044,000 $638,000 $1,406,000
2023 $13,368 $1,114,000 $497,000 $617,000
2022 $12,828 $1,069,000 $452,000 $617,000
2021 $12,648 $1,054,000 $452,000 $602,000
2020 $19,896 $1,054,000 $452,000 $602,000
2019 $19,288 $1,022,000 $430,000 $592,000
2018 $10,896 $908,000 $339,000 $569,000
2017 $10,896 $908,000 $339,000 $569,000
2016 $10,896 $908,000 $339,000 $569,000
2015 $17,003 $908,000 $330,000 $578,000
2014 $17,003 $908,000 $330,000 $578,000
Source: Public Records

Map

Virginia Richmond City County Richmond 23234

3405 Commerce Rd, Richmond, VA

This home is located at 3405 Commerce Rd, Richmond, VA 23234 and is currently estimated at $2,523,663, approximately $59 per square foot. 3405 Commerce Rd is a home located in Richmond City with nearby schools including Broad Rock Elementary School, Thomas C. Boushall Middle School, and Richmond High School for the Arts.

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