NOT LISTED FOR SALE

4050 Forest Hill Ave Unit 24 Richmond, VA 23225

Forest Hill Neighborhood

Estimated Value: $157,000 - $168,000

2 Beds
1 Bath
700 Sq Ft
436 Sq Ft Lot

Last Sold December 12, 2016

Last sale price $62,565 $89 Per Sq Ft

Est. 158% increase in value since last sale

Current estimated payment $1,024/month

11 Days on Market

Highlights

  • Wood Flooring
  • Central Air
  • 3-minute walk to Forest Hill Park
  • Open High School Rated A+

About This Home

As of December 2016

Welcome to a great condo in wonderful Forest Hill Oaks located in the Forest Hill Historic District! This updated 2 bedroom condo is perfect for anyone who wants a low maintenance place to live right on Forest Hill Park. On a bus line and with all the benefits the park has to offer (including tennis courts, walking paths, and great picnic spots), this is a special location. Check out the convenient neighborhood coffee shop down the street and the restaurants nearby to get a feel for this unique location.

The condo features newly refinished hardwood floors and fresh paint throughout, an updated kitchen, a re-glazed tub in a nice bathroom, plenty of closet space, new light fixtures, and pretty views out of every window! The condo has a private storage unit and laundry machines in the community basement.

Don't miss this easy living condo with 2 bedrooms at a price you can't beat!

Last Agent to Sell the Property

Sarah Tashjian

Coldwell Banker Avenues License #0225224905 Listed on: 11/04/2016

Coldwell Banker Avenues

Last Buyer's Agent

Sarah Tashjian

Coldwell Banker Avenues License #0225224905 Listed on: 11/04/2016

Coldwell Banker Avenues

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,716

Year Built

  • 1961

Lot Details

  • 436

Home Design

  • Slate Roof

Interior Spaces

  • Property has 1 Level
  • Wood Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number S0002923102

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,716

Year Built

1961

Lot Details

0

Listing Details

  • Structure: Block
  • Price Per Finished Sq Ft: 89.38
  • Unit Placement: Interior Unit, Top Level
  • Year Built Description: Actual
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1961

Interior Features

  • Appliances Equipment: Microwave, Oven, Refrigerator, Stove
  • Flooring: Wood
  • Interior: Countertops - Laminate
  • Number of Rooms: 4
  • Total Bedrooms: 2
  • Full Bathrooms: 1
  • Level 1 Full Bathrooms: 1
  • Full Bath Level 1 Description: Tub & Shower
  • Basement Type: Crawl Space, Shared Basement
  • Attic: Access Panel
  • Number Of Levels: 1.00

Exterior Features

  • Exterior: Insulated Doors, Private Storage, Public Park
  • Roof: Slate
  • Siding: Brick

Garage/Parking

  • Parking: Assigned

Utilities

  • Heating Fuel: Electric
  • Heating: Electric, Heat Pump
  • Cooling: Central Air, Electric
  • Sewer: Public Sewer
  • Water: Public Water

Association/Amenities

  • Amenities: Association, Common Area, Common Laundry, Extra Storage, On Bus Line, Professional Management

Fee Information

  • Fee: 303.00
  • Fee Description: Condo Association
  • Fee Includes: Building Insurance, Comm Ar Mnt, Exterior Maintenance, Hot Water, Snow Removal, Trash Removal, Yard Maintenance
  • Fee Period: Monthly

Schools

  • Elementary School: Westover Hills
  • Middle School: Thompson
  • High School: Wythe

Lot Info

  • Parcel Number: S0002923102

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 4, 2016
Closed on
Dec 5, 2016
Sold by
Tashjian John Richard
Bought by
Mcpherson Charles L and Mcpherson Jan
Seller's Agent
Sarah Tashjian
Coldwell Banker Avenues
Buyer's Agent
Sarah Tashjian
Coldwell Banker Avenues
List Price
$64,500
Sold Price
$62,565
Premium/Discount to List
-$1,935
-3%
Current Estimated Value
$161,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,996
Avg. Annual Appreciation
10.90%
Original Mortgage
$46,924
Outstanding Balance
$38,032
Interest Rate
3.47%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$116,015

Purchase Details

Closed on
Jul 20, 2016
Sold by
Wang Zhen
Bought by
The John Richard Tashjian Revocable Trus

Purchase Details

Closed on
Jun 25, 2007
Sold by
Hairfield Steve
Bought by
Wang Zhen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,800
Interest Rate
6.24%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2006
Sold by
Jefferson Teresa A
Bought by
Hairfield Steve

Purchase Details

Closed on
Apr 22, 2004
Sold by
Murphy William C
Bought by
Williams David L
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
Mcpherson Charles L $62,565 Attorney
The John Richard Tashjian Revocable Trus $48,800 Attorney
Wang Zhen $86,000 --
Hairfield Steve $60,000 --
Williams David L $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcpherson Charles L $46,924
Previous Owner Wang Zhen $68,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2016 12/12/16 Sold $62,565 -3.0% $89 / Sq Ft
11/15/2016 11/15/16 Pending -- -- --
11/04/2016 11/04/16 For Sale $64,500 -- $92 / 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 $1,716 $143,000 $13,000 $130,000
2024 $1,632 $136,000 $13,000 $123,000
2023 $1,260 $105,000 $13,000 $92,000
2022 $1,056 $88,000 $13,000 $75,000
2021 $720 $69,000 $13,000 $56,000
2020 $720 $60,000 $13,000 $47,000
2019 $684 $57,000 $15,000 $42,000
2018 $684 $57,000 $15,000 $42,000
2017 $684 $57,000 $15,000 $42,000
2016 $684 $57,000 $15,000 $42,000
2015 $1,067 $57,000 $15,000 $42,000
2014 $1,067 $57,000 $15,000 $42,000
Source: Public Records

Agents Affiliated with this Home

  • Sarah Tashjian

    Seller's Agent in 2016

    Sarah Tashjian

    Coldwell Banker Avenues

    (804) 366-7037

    42 Total Sales

    Sarah Tashjian
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Map

Source: Central Virginia Regional MLS

MLS Number: 1636939

Central Virginia Regional MLS

APN: S000-2923-102

Virginia Richmond City County Richmond 23225 Forest Hill

4050 Forest Hill Ave Unit 24, Richmond, VA

This home is located at 4050 Forest Hill Ave Unit 24, Richmond, VA 23225 since 04 November 2016 and is currently estimated at $161,561, approximately $230 per square foot. This property was built in 1961. 4050 Forest Hill Ave Unit 24 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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