NOT LISTED FOR SALE

4900 W Franklin St Richmond, VA 23226

Malvern Gardens Neighborhood

Estimated Value: $985,000 - $1,095,000

5 Beds
4 Baths
2,805 Sq Ft
$367/Sq Ft Est. Value

Last Sold November 13, 2018

Last sale price $595,000 $212 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $6,217/month

25 Days on Market

Highlights

  • In Ground Pool
  • Cape Cod Architecture
  • Wood Flooring
  • Mary Munford Elementary School Rated A-
  • Deck
  • Main Floor Bedroom

About This Home

As of November 2018

NEW PRICE! Situated on a quiet block in the Near West End, this home offers ample space and amenities. Custom built in 1940, the brick and slate cape retains its original quality craftsmanship but has been expanded and updated to provide comfortable living spaces for today's lifestyle. Original hardwood floors, crown molding, plantation shutters, and French doors create a classic aesthetic. The home’s layout includes a unique central hallway connecting the spaces and providing a wonderful flow. Formal living and dining rooms, a renovated eat-in kitchen, cozy family room, utility/laundry room, and den or potential first floor bedroom, plus two full bathrooms make up the first floor. Upstairs is a private master suite with double closets and updated bath with glass door shower. Three more bedrooms and a hall bath round out the second floor. The picturesque rear yard is enclosed by the original brick wall and features a brick-lined pool and cabana bar surrounded by mature trees and climbing plants. This home has it all, even a driveway, without sacrificing a prime city location. Don't miss it!

Last Agent to Sell the Property

Philip Innes

RE/MAX Commonwealth License #0225188949 Listed on: 08/21/2018

RE/MAX Commonwealth

Last Buyer's Agent

Justin Owen

The Steele Group License #0225197051

The Steele Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,312

Year Built

  • Built in 1940

Lot Details

  • 6,874 Sq Ft Lot
  • Back Yard Fenced
  • Zoning described as R-5

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction
  • Slate Roof

Interior Spaces

  • 2,805 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Bookcases
  • Ceiling Fan
  • Recessed Lighting
  • Fireplace Features Masonry
  • Bay Window
  • French Doors
  • Separate Formal Living Room

Kitchen

  • Eat-In Kitchen
  • Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • En-Suite Primary Bedroom
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • In Ground Pool
  • Deck
  • Patio
  • Outbuilding
  • Rear Porch

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System

Community Details

  • Patterson Place Subdivision

Listing and Financial Details

  • Tax Lot 21
  • Assessor Parcel Number W019-0167-028

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,312

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1940
  • Property Attached Yn: No
  • Lot Size Acres: 0.1578
  • Ownership: Individuals
  • Subdivision Name: Patterson Place
  • Architectural Style: Cape Cod, 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
  • Appliances: Dryer, Dishwasher, Gas Cooking, Disposal, Microwave, Oven, Refrigerator, Wine Cooler, Washer
  • Basement YN: No
  • Full Bathrooms: 4
  • Total Bedrooms: 5
  • Door Features: French Doors
  • Fireplace Features: Masonry
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Bookcases, Built-in Features, Bedroom on Main Level, Bay Window, Ceiling Fan(s), Separate/Formal Dining Room, Eat-in Kitchen, French Door(s)/Atrium Door(s), Kitchen Island, Bath in Primary Bedroom, Pantry, Recessed Lighting, Solid Surface Counters
  • Living Area: 2805.0
  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Slate
  • Fencing: Back Yard, Fenced
  • Pool Features: In Ground, Pool
  • Waterfront: No
  • Construction Type: Brick, Mixed, Concrete
  • Exterior Features: Deck, Out Building(s), Paved Driveway
  • Other Structures: Outbuilding
  • Patio And Porch Features: Rear Porch, Patio, Deck
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Driveway, Off Street, Paved

Utilities

  • Heating: Electric, Heat Pump, Zoned
  • Cooling: Zoned
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Schools

  • Middle Or Junior School: Albert Hill

Lot Info

  • Parcel Number: W019-0167-028
  • Zoning Description: R-5
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 6312.0
  • Tax Lot: 21

MLS Schools

  • Elementary School: Munford
  • High School: Thomas Jefferson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 21, 2018
Closed on
Oct 10, 2018
Sold by
Patterson Cara G
Bought by
Rai Shandev and Rai Kendra
Seller's Agent
Philip Innes
RE/MAX Commonwealth
Buyer's Agent
Justin Owen
The Steele Group
List Price
$635,000
Sold Price
$595,000
Premium/Discount to List
-$40,000
-6.3%
Current Estimated Value
$1,029,971

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$434,971
Avg. Annual Appreciation
8.22%
Original Mortgage
$476,000
Outstanding Balance
$416,858
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$613,113

Purchase Details

Listed on
Mar 25, 2013
Closed on
Jun 12, 2013
Sold by
Neal William G
Bought by
Grealis Cara E
Seller's Agent
Debbie Gibbs
The Steele Group
Buyer's Agent
Philip Innes
RE/MAX Commonwealth
List Price
$477,000
Sold Price
$467,000
Premium/Discount to List
-$10,000
-2.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.58%
Original Mortgage
$350,000
Interest Rate
3.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 1997
Sold by
Wilton Jeannette R
Bought by
Neal William G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,200
Interest Rate
7.46%
Mortgage Type
New Conventional
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
Rai Shandev $595,000 Attorney
Grealis Cara E $467,000 --
Neal William G $131,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rai Shandev $476,000
Previous Owner Grealis Cara E $350,000
Previous Owner Neal William G $105,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/13/2018 11/13/18 Sold $595,000 0.0% $212 / Sq Ft
09/15/2018 09/15/18 Pending -- -- --
09/14/2018 09/14/18 Price Changed $595,000 -6.3% $212 / Sq Ft
08/21/2018 08/21/18 For Sale $635,000 +36.0% $226 / Sq Ft
06/17/2013 06/17/13 Sold $467,000 -2.1% $166 / Sq Ft View Prior Sale
03/27/2013 03/27/13 Pending -- -- --
03/25/2013 03/25/13 For Sale $477,000 -- $170 / 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 $9,792 $816,000 $190,000 $626,000
2024 $9,528 $794,000 $190,000 $604,000
2023 $8,988 $749,000 $170,000 $579,000
2022 $8,112 $676,000 $135,000 $541,000
2021 $6,960 $593,000 $100,000 $493,000
2020 $6,960 $580,000 $90,000 $490,000
2019 $6,816 $568,000 $80,000 $488,000
2018 $6,312 $526,000 $80,000 $446,000
2017 $6,216 $518,000 $75,000 $443,000
2016 $6,096 $508,000 $75,000 $433,000
2015 $5,520 $480,000 $65,000 $415,000
2014 $5,520 $460,000 $65,000 $395,000
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

    185 Total Sales

    Philip Innes
    Section Image
  • Justin Owen

    Buyer's Agent in 2018

    Justin Owen

    The Steele Group

    (804) 400-5809

    2 in this area

    186 Total Sales

    Justin Owen
    Section Image
  • Debbie Gibbs

    Seller's Agent in 2013

    Debbie Gibbs

    The Steele Group

    (804) 402-2024

    1 in this area

    180 Total Sales

    Debbie Gibbs
    Section Image
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Map

Source: Central Virginia Regional MLS

MLS Number: 1830020

Central Virginia Regional MLS

APN: W019-0167-028

Virginia Richmond City County Richmond 23226 Malvern Gardens

4900 W Franklin St, Richmond, VA

This home is located at 4900 W Franklin St, Richmond, VA 23226 since 21 August 2018 and is currently estimated at $1,029,971, approximately $367 per square foot. This property was built in 1940. 4900 W Franklin St is a home located in Richmond City with nearby schools including Mary Munford Elementary School, Albert Hill Middle, and Thomas Jefferson 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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