NOT LISTED FOR SALE

Estimated Value: $242,000 - $325,000

3 Beds
1 Bath
1,581 Sq Ft
$185/Sq Ft Est. Value

Last Sold July 27, 2015

Last sale price $88,500 $56 Per Sq Ft

Est. 230% increase in value since last sale

Current estimated payment $1,793/month

68 Days on Market

About This Home

As of July 2015

This home is located at 424 Erich Rd, Richmond, VA 23225 since 27 March 2015 and is currently estimated at $291,981, approximately $184 per square foot. This property was built in 1968. 424 Erich Rd is a home located in Richmond City with nearby schools including Elizabeth D. Redd Elementary School, Lucille M. Brown Middle, and Huguenot High School.

Last Agent to Sell the Property

Daniel Nieding

New Market Realty License #0225093722 Listed on: 03/27/2015

Last Buyer's Agent

Nicole Lee

Samson Properties License #0225212174

Samson Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,048

Year Built

  • 1968

Lot Details

  • 10,019

Home Design

  • Shingle Roof

Flooring

  • Partially Carpeted
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Property has 2 Levels
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number C0050861024

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,048

Year Built

1968

Lot Details

0

Listing Details

  • Structure: Frame
  • Price Per Finished Sq Ft: 55.98
  • Special Features: 20
  • Property Sub Type: Detached
  • Year Built: 1968

Interior Features

  • Flooring: Carpet-Part, Vinyl
  • Interior: Cable TV
  • Number of Rooms: 8
  • Fireplace: Brick
  • Total Fireplaces: 1
  • Total Bedrooms: 3
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Level 3 Full Bathrooms: 1
  • Full Bath Level 3 Description: Tub & Shower
  • Level 1 Half Bathroom: 1
  • Basement Type: Crawl Space
  • Attic: Pull Down
  • Number Of Levels: 2.00

Exterior Features

  • Frontage Road: 115
  • Fence: Chain Link
  • Porch: Patio, Rear
  • Roof: Shingled
  • Siding: Aluminum, Brick
  • Wall Type: Drywall

Utilities

  • Heating Fuel: Electric
  • Heating: Heat Pump
  • Cooling: Heat Pump
  • Sewer: Public Sewer
  • Water: Public Water
  • Water Heater: Electric

Lot Info

  • Zoning: R-3 Single Family
  • Lot Description: Corner
  • Parcel Number: C0050861024

MLS Schools

  • Other School: PLEASE CONFIRM SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2015
Closed on
Jul 24, 2015
Sold by
The Secretary Of Hud Of Washin
Bought by
Jackson Davina
Seller's Agent
Daniel Nieding
New Market Realty
Buyer's Agent
Nicole Lee
Samson Properties
List Price
$95,000
Sold Price
$88,500
Premium/Discount to List
-$6,500
-6.84%
Current Estimated Value
$291,981

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,481
Avg. Annual Appreciation
12.25%
Original Mortgage
$103,531
Outstanding Balance
$81,148
Interest Rate
4.01%
Mortgage Type
FHA
Estimated Equity
$210,833

Purchase Details

Closed on
Dec 22, 2014
Sold by
Bank Of America Na
Bought by
The Secretary Of Hud

Purchase Details

Closed on
Dec 11, 2014
Sold by
Equity Trustees Llc Sub Tr
Bought by
Bank Of America Na

Purchase Details

Closed on
Aug 29, 2006
Sold by
Peel David
Bought by
Daniels Willis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,706
Interest Rate
6.83%
Mortgage Type
FHA
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jackson Davina $88,500 --
The Secretary Of Hud -- --
Bank Of America Na $90,850 --
Daniels Willis $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jackson Davina $103,531
Previous Owner Daniels Willis $163,706
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2015 07/27/15 Sold $88,500 -6.8% $56 / Sq Ft
06/03/2015 06/03/15 Pending -- -- --
03/27/2015 03/27/15 For Sale $95,000 -- $60 / 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 $3,048 $254,000 $51,000 $203,000
2024 $2,820 $235,000 $44,000 $191,000
2023 $2,736 $228,000 $37,000 $191,000
2022 $2,544 $212,000 $37,000 $175,000
2021 $1,908 $175,000 $34,000 $141,000
2020 $1,908 $159,000 $25,000 $134,000
2019 $1,728 $144,000 $25,000 $119,000
2018 $1,632 $136,000 $20,000 $116,000
2017 $1,512 $126,000 $20,000 $106,000
2016 $1,512 $126,000 $20,000 $106,000
2015 $1,788 $126,000 $20,000 $106,000
2014 $1,788 $149,000 $21,000 $128,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 1506617

Central Virginia Regional MLS

APN: C005-0861-024