NOT LISTED FOR SALE

4506 W Franklin St Richmond, VA 23221

Malvern Gardens Neighborhood

Estimated Value: $865,178 - $986,000

4 Beds
3 Baths
2,960 Sq Ft
$311/Sq Ft Est. Value

Last Sold November 12, 2019

Last sale price $560,000 $189 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $5,519/month

3 Days on Market

Highlights

  • Custom Home
  • Deck
  • Separate Formal Living Room
  • Mary Munford Elementary School Rated A-
  • Wood Flooring
  • Granite Countertops

About This Home

As of November 2019

Welcome to 4506 W. Franklin - a true Colonial Place charmer - offering 4 bedrooms, 3 baths & everything you've been looking for! Fantastic updates throughout, step in the foyer to this ranch style home and you'll be struck by the large living room featuring a bright bay window, crown molding, & gas fireplace. Walk thru the spacious dining room (notice the crown & chair molding) to a comfortable den that opens thru French doors to back deck. Light & bright kitchen was recently renovated with marble counters, subway tile back-splash, wine cooler, & Advantium Oven! This home offers one floor living at it's finest with 3 bedrooms on the main floor- the master bath was completely redone in 2018! With a huge family room downstairs as well as a large 4th bedroom and 3rd full bath (updated 2018) there's so much to stretch out! Also downstairs is a large laundry room & TONS of storage. Head to the walk-up attic for even more storage! What a backyard...huge deck with a fresh yard surrounded by gorgeous rose bushes...your friends are waiting for their invite to the first cookout! Brand new AC unit & sump pump. With so many updates, the location, and the charm, don't let this one get away!

Last Agent to Sell the Property

Mollie B. Benedict

Rashkind Saunders & Co. License #0225078487 Listed on: 10/03/2019

Last Buyer's Agent

Leland Klim

Long & Foster REALTORS License #0225233822

Long & Foster REALTORS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,112

Year Built

  • Built in 1951

Lot Details

  • 9,583 Sq Ft Lot
  • Back Yard Fenced

Parking

  • On-Street Parking

Home Design

  • Custom Home
  • Brick Exterior Construction
  • Slate Roof
  • Plaster

Interior Spaces

  • 2,960 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Bookcases
  • Ceiling Fan
  • Recessed Lighting
  • Gas Fireplace
  • Bay Window
  • French Doors
  • Separate Formal Living Room

Kitchen

  • Eat-In Kitchen
  • Built-In Double Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • En-Suite Primary Bedroom
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Sump Pump

Outdoor Features

  • Deck
  • Shed
  • Rear Porch
  • Stoop

Schools

  • Munford Elementary School
  • Albert Hill Middle School
  • Thomas Jefferson High School

Utilities

  • Central Air
  • Radiator
  • Heating System Uses Oil
  • Water Heater

Community Details

  • Colonial Place Subdivision

Listing and Financial Details

  • Tax Lot 6
  • Assessor Parcel Number W000-2027-007

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,112

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1951
  • Property Attached Yn: No
  • Lot Size Acres: 0.22
  • Ownership: Individuals
  • Subdivision Name: Colonial Place
  • Architectural Style: Custom, Ranch
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile, Wood
  • Basement: Full, Walk-Out Access, Sump Pump
  • Appliances: Built-In Oven, Cooktop, Double Oven, Dryer, Dishwasher, Electric Water Heater, Disposal, Microwave, Range, Refrigerator, Wine Cooler, Washer
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1025.0
  • Door Features: French Doors
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Bookcases, Built-in Features, Bay Window, Ceiling Fan(s), Separate/Formal Dining Room, Eat-in Kitchen, French Door(s)/Atrium Door(s), Granite Counters, Bath in Primary Bedroom, Main Level Primary, Recessed Lighting
  • Living Area: 2960.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Slate
  • Fencing: Back Yard, Fenced
  • Pool Features: None
  • Waterfront: No
  • Disclosures: Seller Disclosure
  • Construction Type: Brick, Block, Drywall, Plaster
  • Exterior Features: Deck, Storage, Shed
  • Patio And Porch Features: Rear Porch, Stoop, Deck
  • Property Condition: Resale

Garage/Parking

  • Parking Features: On Street

Utilities

  • Heating: Oil, Radiator(s)
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Albert Hill

Lot Info

  • Parcel Number: W000-2027-007
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 5112.0
  • Tax Lot: 6

MLS Schools

  • Elementary School: Munford
  • High School: Thomas Jefferson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2019
Closed on
Nov 8, 2019
Sold by
Stubbs Claudia Bishop and Stubbs Jim Snyder
Bought by
Litman Mary R and Litman Michael C
Seller's Agent
Mollie B. Benedict
Rashkind Saunders & Co.
Buyer's Agent
Leland Klim
Long & Foster REALTORS
List Price
$569,900
Sold Price
$560,000
Premium/Discount to List
-$9,900
-1.74%
Current Estimated Value
$919,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$359,795
Avg. Annual Appreciation
8.68%
Original Mortgage
$509,342
Outstanding Balance
$448,535
Interest Rate
3.65%
Mortgage Type
New Conventional
Estimated Equity
$471,260

Purchase Details

Closed on
Jul 17, 2008
Sold by
Bishop Stephanie A
Bought by
Stubbs Jim Snyder

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$233,800
Interest Rate
6.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 19, 2005
Sold by
Boggs Christopher B
Bought by
Bishop Stephanie A
Source: Public Records

Range of Values:

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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
Litman Mary R $560,000 Attorney
Stubbs Jim Snyder $408,800 --
Bishop Stephanie A $405,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Litman Mary R $509,342
Previous Owner Stubbs Jim Snyder $233,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/12/2019 11/12/19 Sold $560,000 -1.7% $189 / Sq Ft
10/06/2019 10/06/19 Pending -- -- --
10/03/2019 10/03/19 For Sale $569,900 -- $193 / 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 $8,172 $681,000 $255,000 $426,000
2024 $7,980 $665,000 $255,000 $410,000
2023 $7,440 $620,000 $235,000 $385,000
2022 $6,480 $540,000 $185,000 $355,000
2021 $5,436 $539,000 $125,000 $414,000
2020 $5,436 $453,000 $120,000 $333,000
2019 $5,268 $439,000 $110,000 $329,000
2018 $5,112 $426,000 $110,000 $316,000
2017 $5,052 $421,000 $95,000 $326,000
2016 $4,944 $412,000 $95,000 $317,000
2015 $4,788 $400,000 $85,000 $315,000
2014 $4,788 $399,000 $85,000 $314,000
Source: Public Records

Agents Affiliated with this Home

  • Mollie B. Benedict

    Seller's Agent in 2019

    Mollie B. Benedict

    Rashkind Saunders & Co.

    (804) 244-1114

    73 Total Sales

    Mollie B. Benedict
    Section Image
  • Leland Klim

    Buyer's Agent in 2019

    Leland Klim

    Long & Foster

    (804) 873-0025

    3 in this area

    85 Total Sales

    Leland Klim
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 1932592

Central Virginia Regional MLS

APN: W000-2027-007

Virginia Richmond City County Richmond 23221 Malvern Gardens

4506 W Franklin St, Richmond, VA

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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