NOT LISTED FOR SALE

407 S Cherry St Unit 104 Richmond, VA 23220

Oregon Hill Neighborhood

Estimated Value: $389,000 - $437,000

2 Beds
2 Baths
1,457 Sq Ft
$288/mo HOA Fee

Last Sold December 04, 2020

Last sale price $290,000 $199 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $2,856/month

73 Days on Market

Highlights

  • Newly Remodeled
  • Wood Flooring
  • Controlled Access
  • Open High School Rated A+
  • Granite Countertops
  • 2-minute walk to Pleasants Park

About This Home

As of December 2020

Enjoy modern loft style living at its finest in Richmond’s historic Oregon Hill neighborhood! As a completely renovated factory building, Victory Lofts seamlessly blends unique warehouse character details like massive windows, exposed brick and high ceilings with clean modern finishes and the low-maintenance lifestyle that only condo ownership can afford. Accessibility is a hallmark of these ideally located flats with quick and easy access to the James River, Brown's Island, the T-Pot Bridge, VCU, Hollywood Cemetery, and several of Richmond's most awarded restaurants and cafes. Victory Lofts spectacular location is a true urban oasis where the ease of city leaving meets the tranquil natural beauty of this tucked away niche neighborhood surrounded by parks and the James River. Photos of furnished model.

Last Agent to Sell the Property

Patrick Sullivan

Samson Properties License #0225206165 Listed on: 08/11/2020

Samson Properties

Last Buyer's Agent

John Innes

Samson Properties License #0225234991

Samson Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,540

Year Built

  • Built in 1890 | Newly Remodeled

Lot Details

  • 1,437

HOA Fees

  • $288 Monthly HOA Fees

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 1,457 Sq Ft Home
  • 1-Story Property
  • Dining Area

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Schools

  • Fox Elementary School
  • Dogwood Middle School
  • Thomas Jefferson High School

Utilities

  • Central Air
  • Heat Pump System
  • Water Heater

Community Details

  • Common Area
  • Controlled Access

Listing and Financial Details

  • Assessor Parcel Number W0000167058

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,540

Year Built

Built in 1890 | Newly Remodeled

Lot Details

0

HOA Fees

$288 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1890
  • Property Attached Yn: Yes
  • Ownership: Corporate
  • Subdivision Name: None
  • Architectural Style: Low Rise
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: Yes
  • Building Stories: 1
  • Year Built Details: Renovated
  • ResoBuildingAreaSource: Builder
  • Property Sub Type Additional: Attached,Condominium
  • Special Features: NewHome
  • Stories: 1

Interior Features

  • Flooring: Vinyl, Wood
  • Appliances: Dishwasher, Electric Cooking, Electric Water Heater, Microwave, Refrigerator
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Dining Area, Granite Counters
  • Living Area: 1457.0
  • Stories: 1
  • ResoLivingAreaSource: Builder

Exterior Features

  • Roof: Flat
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Brick
  • Property Condition: New Construction

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air, Heat Pump
  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Controlled Access
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Common Grounds/Area, Home Owners Association
  • Association Fee: 288.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Common Areas, Insurance, Maintenance Structure, Snow Removal, Trash

Schools

  • Middle Or Junior School: Dogwood

Lot Info

  • Parcel Number: W0000167058
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020

MLS Schools

  • Elementary School: Fox
  • High School: Thomas Jefferson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 11, 2020
Closed on
Nov 23, 2020
Sold by
Victory Apartments Llc
Bought by
King Christopher T and King Chandra H
Seller's Agent
Patrick Sullivan
Samson Properties
Buyer's Agent
John Innes
Samson Properties
List Price
$299,950
Sold Price
$290,000
Premium/Discount to List
-$9,950
-3.32%
Total Days on Market
73
Current Estimated Value
$406,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,069
Avg. Annual Appreciation
7.75%
Original Mortgage
$217,500
Outstanding Balance
$195,212
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$210,280
Source: Public Records

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Range of Values:

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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
King Christopher T $290,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open King Christopher T $217,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/04/2020 12/04/20 Sold $290,000 -3.3% $199 / Sq Ft
10/23/2020 10/23/20 Pending -- -- --
08/11/2020 08/11/20 For Sale $299,950 -- $206 / 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 $3,540 $295,000 $50,000 $245,000
2024 $3,540 $295,000 $50,000 $245,000
2023 $3,540 $295,000 $50,000 $245,000
2022 $3,540 $295,000 $50,000 $245,000
2021 -- $295,000 $50,000 $245,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2023405

Central Virginia Regional MLS

APN: W000-0167-058