NOT LISTED FOR SALE

4507 W Franklin St Richmond, VA 23221

Malvern Gardens Neighborhood

Estimated Value: $643,000 - $708,000

3 Beds
1.5 Baths
1,564 Sq Ft
$433/Sq Ft Est. Value

Last Sold May 31, 2018

Last sale price $425,600 $272 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $4,121/month

2 Days on Market

Highlights

  • Colonial Architecture
  • Wood Flooring
  • Granite Countertops
  • Mary Munford Elementary School Rated A-
  • Separate Formal Living Room
  • Rear Porch

About This Home

As of May 2018

Located in sought-after Colonial Place, this 1948 brick and slate Colonial has classic details and thoughtful updates. The front door opens to a central entryway with staircase to second floor and coat closet. The Living Room features a traditional fireplace mantel with gas logs and two matching built-in bookcases with arched valances and spotlights. Off the Living Room is a Sun room with windows on three sides, door to rear yard, and a vaulted ceiling, perfect for an office or additional living space. The Dining Room is found to the right of the entryway and has formal trim including crown molding and chair rail. At the rear of the house is the updated Kitchen with tile floor and back splash, granite counters, and stainless-steel appliances. A powder room and laundry in the back hall off the Kitchen completes the first floor. Upstairs are three bedrooms, including the Master with walk-in closet, and a renovated hall bath with tile floor and tub/shower with white tile surround. Outside, you will enjoy the patio and landscaped rear yard with privacy fence and storage shed. An easy stroll to neighborhood restaurants and shops rounds out this wonderful home. Love Where You Live!

Last Agent to Sell the Property

Philip Innes

RE/MAX Commonwealth License #0225188949 Listed on: 04/19/2018

RE/MAX Commonwealth

Last Buyer's Agent

Ann Scott Kelly

Shaheen Ruth Martin & Fonville License #0225075697

Shaheen Ruth Martin & Fonville

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,900

Year Built

  • Built in 1948

Lot Details

  • 6,007 Sq Ft Lot
  • Back Yard Fenced
  • Zoning described as R-5

Parking

  • On-Street Parking

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Slate Roof
  • HardiePlank Type

Interior Spaces

  • 1,564 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Bookcases
  • Ceiling Fan
  • Fireplace Features Masonry
  • Gas Fireplace
  • Separate Formal Living Room
  • Crawl Space

Kitchen

  • Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Shed
  • Rear Porch

Schools

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

Utilities

  • Central Air
  • Radiator
  • Heating System Uses Natural Gas
  • Gas Water Heater

Community Details

  • Colonial Place Subdivision

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number W000-2026-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,900

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1948
  • Property Attached Yn: No
  • Lot Size Acres: 0.1379
  • Ownership: Individuals
  • Subdivision Name: Colonial Place
  • Architectural Style: Colonial, Two Story
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Tile, Wood
  • Basement: Crawl Space
  • Appliances: Dryer, Dishwasher, Gas Cooking, Disposal, Gas Water Heater, Microwave, Oven, Refrigerator, Washer
  • Basement YN: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas, Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Bookcases, Built-in Features, Ceiling Fan(s), Separate/Formal Dining Room, Granite Counters, Walk-In Closet(s)
  • Living Area: 1564.0
  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Slate
  • Fencing: Back Yard, Fenced
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Brick, HardiPlank Type, Mixed
  • Exterior Features: Storage, Shed
  • Patio And Porch Features: Rear Porch, Patio
  • Property Condition: Resale

Garage/Parking

  • Parking Features: On Street

Utilities

  • Heating: Natural Gas, 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: W000-2026-016
  • Zoning Description: R-5
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 3900.0
  • Tax Lot: 24

MLS Schools

  • Elementary School: Munford
  • High School: Thomas Jefferson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2018
Closed on
May 15, 2018
Sold by
Alexander James T and Powell Priscilla W
Bought by
Bajan Justin T and Bajan Rebecca S
Seller's Agent
Philip Innes
RE/MAX Commonwealth
Buyer's Agent
Ann Scott Kelly
Shaheen Ruth Martin & Fonville
List Price
$415,000
Sold Price
$425,600
Premium/Discount to List
$10,600
2.55%
Current Estimated Value
$676,886

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,286
Avg. Annual Appreciation
6.45%
Original Mortgage
$370,272
Outstanding Balance
$318,816
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$358,070

Purchase Details

Closed on
Aug 12, 2016
Sold by
Husband Darryl F
Bought by
Cake Marion

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,300
Interest Rate
3.48%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 23, 2015
Sold by
Alexander James T and Powell Priscilla W
Bought by
Alexander James T and Powell Priscilla W

Purchase Details

Closed on
Aug 22, 2014
Sold by
Parrish Courtney M
Bought by
Alexander James T and Powell Priscilla W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,600
Interest Rate
4.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2010
Sold by
Cronheim Craig T
Bought by
Parrish Courtney M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,566
Interest Rate
5.03%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 23, 2006
Sold by
Shavit Authur
Bought by
Cronheim Craig

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$219,500
Interest Rate
6.47%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Bajan Justin T $425,600 Attorney
Cake Marion $20,000 Attorney
Alexander James T -- --
Alexander James T $332,000 --
Parrish Courtney M $300,000 --
Cronheim Craig $275,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bajan Justin T $370,272
Previous Owner Cake Marion $267,300
Previous Owner Alexander James T $265,600
Previous Owner Parrish Courtney M $294,566
Previous Owner Cronheim Craig $219,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2018 05/31/18 Sold $425,600 +2.6% $272 / Sq Ft
04/21/2018 04/21/18 Pending -- -- --
04/19/2018 04/19/18 For Sale $415,000 -- $265 / 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 $6,720 $560,000 $235,000 $325,000
2024 $6,420 $535,000 $235,000 $300,000
2023 $5,928 $494,000 $215,000 $279,000
2022 $4,992 $416,000 $165,000 $251,000
2021 $4,548 $391,000 $120,000 $271,000
2020 $4,548 $379,000 $115,000 $264,000
2019 $2,147 $350,000 $105,000 $245,000
2018 $4,104 $342,000 $105,000 $237,000
2017 $3,900 $325,000 $85,000 $240,000
2016 $3,816 $318,000 $85,000 $233,000
2015 $3,312 $286,000 $75,000 $211,000
2014 $3,312 $276,000 $75,000 $201,000
Source: Public Records

Agents Affiliated with this Home

  • Philip Innes

    Seller's Agent in 2018

    Philip Innes

    RE/MAX

    (804) 357-5371

    6 in this area

    188 Total Sales

    Philip Innes
    Section Image
  • Ann Scott Kelly

    Buyer's Agent in 2018

    Ann Scott Kelly

    Shaheen Ruth Martin & Fonville

    (804) 350-6932

    1 in this area

    80 Total Sales

    Ann Scott Kelly
    Section Image
See All Agents

Map

Source: Central Virginia Regional MLS

MLS Number: 1813729

Central Virginia Regional MLS

APN: W000-2026-016

Virginia Richmond City County Richmond 23221 Malvern Gardens

4507 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.

Nearby Homes