NOT LISTED FOR SALE

4050 Forest Hill Ave Unit 21 Richmond, VA 23225

Forest Hill Neighborhood

Estimated Value: $154,000 - $178,000

2 Beds
1 Bath
718 Sq Ft
$360/mo HOA Fee

Last Sold March 13, 2020

Last sale price $72,000 $100 Per Sq Ft

Est. 130% increase in value since last sale

Current estimated payment $1,409/month

14 Days on Market

Highlights

  • 3.8 Acre Lot
  • Wood Flooring
  • Central Heating
  • Open High School Rated A+
  • Cooling System Mounted In Outer Wall Opening
  • 3-minute walk to Forest Hill Park

About This Home

As of March 2020

This is one of 9 income producing properties, 12 doors, listed on Loopnet as a package or as individual purchase.
Investment properties being sold in AS IS condition. Inspections for informational purposes only.

Last Agent to Sell the Property

Brent Samuel

Capital Real Estate Services License #0225232736 Listed on: 01/23/2020

Co-Listed By

Barry Krauss

Capital Real Estate Services License #0225253923

Last Buyer's Agent

Brent Samuel

Capital Real Estate Services License #0225232736 Listed on: 01/23/2020

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $696

Year Built

  • Built in 1961

Lot Details

  • 3.8

HOA Fees

  • $360 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Brick Exterior Construction
  • Slate Roof

Interior Spaces

  • 718 Sq Ft Home
  • 1-Story Property

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Schools

  • Westover Hills Elementary School
  • Elkhardt Middle School
  • Richmond High School For The Arts

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating
  • Heating System Uses Natural Gas
  • Hot Water Heating System
  • Water Heater

Community Details

  • Forest Oaks Condominiums Subdivision

Listing and Financial Details

  • Assessor Parcel Number S000-2923-099

Property Details

Home Type

Condominium

Est. Annual Taxes

$696

Year Built

Built in 1961

Lot Details

0

HOA Fees

$360 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1961
  • Property Attached Yn: Yes
  • Lot Size Acres: 3.7963
  • Co List Office Mls Id: CAPR01
  • Co List Office Phone: 804-405-4782
  • Ownership: Corporate
  • Subdivision Name: Forest Oaks Condominiums
  • Architectural Style: Other
  • Entry Level: 2
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Attached,Condominium
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile, Wood
  • Appliances: Water Heater
  • Basement YN: No
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Living Area: 718.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Slate
  • Fencing: None
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Brick, Drywall
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Assigned

Utilities

  • Heating: Central, Hot Water, Natural Gas
  • Cooling: Wall Unit(s)
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 360.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Heat, Hot Water, Maintenance Grounds, Trash, Water

Schools

  • Middle Or Junior School: Elkhardt

Lot Info

  • Parcel Number: S000-2923-099
  • Zoning Description: R-53
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 696.0

MLS Schools

  • Elementary School: Westover Hills
  • High School: Richmond High School for the Arts

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2020
Closed on
Feb 28, 2020
Sold by
Zacharias Family Llc
Bought by
Baxter James E
Seller's Agent
Brent Samuel
Capital Real Estate Services
Buyer's Agent
Brent Samuel
Capital Real Estate Services
List Price
$75,000
Sold Price
$72,000
Premium/Discount to List
-$3,000
-4%
Current Estimated Value
$165,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,693
Avg. Annual Appreciation
16.02%

Purchase Details

Closed on
Oct 4, 2007
Sold by
Breen Jeffrey M
Bought by
Zacharias Family

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
6.51%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2006
Sold by
Phoenix Env
Bought by
Breen Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$13,000
Interest Rate
6.88%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 2, 1999
Bought by
Phonenix Investments Inc A Va Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$27,500
Interest Rate
6.78%
Mortgage Type
New Conventional
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
Baxter James E $72,000 Attorney
Zacharias Family $72,000 --
Breen Jeffrey $66,000 --
Phonenix Investments Inc A Va Corp $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zacharias Family $54,000
Previous Owner Breen Jeffrey M $13,000
Previous Owner Breen Jeffrey $52,800
Previous Owner Phonenix Investments Inc A Va Corp $27,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2020 03/13/20 Sold $72,000 -4.0% $100 / Sq Ft
02/06/2020 02/06/20 Pending -- -- --
01/23/2020 01/23/20 For Sale $75,000 -- $104 / 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 $1,752 $146,000 $13,000 $133,000
2024 $1,668 $139,000 $13,000 $126,000
2023 $1,296 $108,000 $13,000 $95,000
2022 $1,080 $90,000 $13,000 $77,000
2021 $732 $70,000 $13,000 $57,000
2020 $732 $61,000 $13,000 $48,000
2019 $696 $58,000 $15,000 $43,000
2018 $696 $58,000 $15,000 $43,000
2017 $696 $58,000 $15,000 $43,000
2016 $696 $58,000 $15,000 $43,000
2015 $696 $58,000 $15,000 $43,000
2014 $696 $58,000 $15,000 $43,000
Source: Public Records

Agents Affiliated with this Home

  • Brent Samuel

    Seller's Agent in 2020

    Brent Samuel

    Capital Real Estate Services

    (804) 307-8151

    37 Total Sales

    Brent Samuel
    Section Image

  • B

    Seller Co-Listing Agent in 2020

    Barry Krauss

    Capital Real Estate Services

    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 2002114

Central Virginia Regional MLS

APN: S000-2923-099

Virginia Richmond City County Richmond 23225 Forest Hill

4050 Forest Hill Ave Unit 21, Richmond, VA

This home is located at 4050 Forest Hill Ave Unit 21, Richmond, VA 23225 since 23 January 2020 and is currently estimated at $165,693, approximately $230 per square foot. This property was built in 1961. 4050 Forest Hill Ave Unit 21 is a home located in Richmond City with nearby schools including Westover Hills Elementary School, Richmond High School for the Arts, 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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