NOT LISTED FOR SALE

501 S Davis Ave Unit 5 Richmond, VA 23220

Byrd Park Neighborhood

Estimated Value: $248,000 - $316,099

2 Beds
1 Bath
748 Sq Ft
$265/mo HOA Fee

Last Sold April 12, 2024

Last sale price $315,000 $421 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $2,044/month

Highlights

  • Waterfront
  • Colonial Architecture
  • Corner Lot
  • Open High School Rated A+
  • Wood Flooring
  • High Ceiling

About This Home

As of April 2024

Exclusive opportunity to own a lake front condo with spectacular view of Fountain Lake from your own private balcony. Located in the Byrd Park Neighborhood, this 3rd floor condo features two bedrooms with a newly renovated Jack and Jill bathroom, updated kitchen, built in cabinetry, French doors, and thermal windows. New HVAC, hot water heater, electrical/junction box, combination washer/dryer and wall to wall carpet in bedroom. Secure assigned storage area located in main basement. This amazing condominium is conveniently located near Carytown, the Fan, Byrd Park, Maymont, and the Carillon, with walkability to restaurants and shopping. Privately fenced common area with stone patio and limited off street parking behind building, plus lots of on street parking. A must see that won't last long

Last Agent to Sell the Property

Alison Beckner

Joyner Fine Properties License #0225244101 Listed on: 03/14/2024

Joyner Fine Properties

Last Buyer's Agent

Monica Maney

Compass License #0225241402

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,316

Year Built

  • Built in 1923

Lot Details

  • Waterfront

HOA Fees

  • $265 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 748 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Bookcases
  • High Ceiling
  • Water Views
  • Unfinished Basement
  • Basement Storage
  • Stacked Washer and Dryer

Kitchen

  • Oven
  • Induction Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Porch

Schools

  • Lois-Harrison Jones Elementary School
  • Albert Hill Middle School
  • Thomas Jefferson High School

Utilities

  • Central Air
  • Heat Pump System

Listing and Financial Details

  • Tax Lot 0.0171
  • Assessor Parcel Number W000-1070-077

Community Details

Overview

  • Fountain Lake Condominiums Subdivision

Amenities

  • Common Area
  • Community Storage Space

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,316

Year Built

Built in 1923

Lot Details

0

HOA Fees

$265 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1923
  • Property Attached Yn: Yes
  • Lot Size Acres: 0.0172
  • Ownership: Individuals
  • Subdivision Name: Fountain Lake Condominiums
  • Above Grade Finished Sq Ft: 748.0
  • Architectural Style: Colonial, Low Rise
  • Entry Level: 3
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Approximate
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Carpet, Wood
  • Basement: Storage Space, Unfinished
  • Appliances: Dishwasher, Microwave, Oven, Refrigerator, Smooth Cooktop
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: Bookcases, Built-in Features, Granite Counters, High Ceilings
  • Living Area: 748.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Asphalt, Shingle
  • Lot Features: Corner Lot
  • Pool Features: None
  • View: Water
  • View: Yes
  • Waterfront: Yes
  • Construction Type: Brick, Block
  • Exterior Features: Porch
  • Patio And Porch Features: Balcony, Porch
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Off Street, On Street

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air, Heat Pump
  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Washer Hookup, Dryer Hookup, Stacked
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Common Grounds/Area, Home Owners Association, Storage Facilities
  • Association Fee: 265.21
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

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

Schools

  • Middle Or Junior School: Albert Hill

Lot Info

  • Parcel Number: W000-1070-077
  • Zoning Description: R-53
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 2316.0
  • Tax Lot: 0.0171

MLS Schools

  • Elementary School: Lois-Harrison Jones
  • High School: Thomas Jefferson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2024
Closed on
Mar 28, 2024
Sold by
Brown Kevin S and Brown Marylee
Bought by
Mcgriff Melissa
Seller's Agent
Alison Beckner
Joyner Fine Properties
Buyer's Agent
Monica Maney
Compass
List Price
$294,900
Sold Price
$315,000
Premium/Discount to List
$20,100
6.82%
Total Days on Market
0
Views
36
Current Estimated Value
$295,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,225
Avg. Annual Appreciation
-5.42%
Original Mortgage
$236,250
Outstanding Balance
$233,401
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$62,374

Purchase Details

Listed on
Sep 1, 2022
Closed on
Oct 20, 2022
Sold by
Johnson Candace R
Bought by
Brown Kevin S and Brown Marylee
Seller's Agent
Tricia Childress
Signature Properties
Buyer's Agent
Alison Beckner
Joyner Fine Properties
List Price
$269,500
Sold Price
$259,000
Premium/Discount to List
-$10,500
-3.9%
Views
34

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.35%

Purchase Details

Listed on
Sep 2, 2011
Closed on
Jan 26, 2012
Sold by
Winston Elizabeth S
Bought by
Johnson Candace R
Seller's Agent
George Cumming
Long & Foster REALTORS
Buyer's Agent
Tricia Childress
Signature Properties
List Price
$179,000
Sold Price
$156,000
Premium/Discount to List
-$23,000
-12.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.83%

Purchase Details

Closed on
Mar 4, 2002
Bought by
Winston L K and Winston Elizabeth S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$109,945
Interest Rate
6.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2001
Bought by
Winston L K and Winston Elizabeth S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,050
Interest Rate
7.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 16, 1996
Sold by
Kassab Edward V
Bought by
Jackson Diana L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$51,000
Interest Rate
8.08%
Mortgage Type
New Conventional
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
Mcgriff Melissa $315,000 First American Title Insurance
Brown Kevin S $259,000 --
Johnson Candace R $156,000 --
Winston L K -- --
Winston L K $90,000 --
Jackson Diana L $71,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcgriff Melissa $236,250
Previous Owner Winston L K $109,945
Previous Owner Winston L K $85,050
Previous Owner Jackson Diana L $51,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2024 04/12/24 Sold $315,000 +6.8% $421 / Sq Ft
03/14/2024 03/14/24 Pending -- -- --
03/14/2024 03/14/24 For Sale $294,900 +13.9% $394 / Sq Ft
10/26/2022 10/26/22 Sold $259,000 -3.9% $346 / Sq Ft
10/08/2022 10/08/22 Pending -- -- --
10/02/2022 10/02/22 For Sale $269,500 0.0% $360 / Sq Ft
09/06/2022 09/06/22 Pending -- -- --
09/01/2022 09/01/22 For Sale $269,500 +72.8% $360 / Sq Ft
01/30/2012 01/30/12 Sold $156,000 -12.8% $209 / Sq Ft
01/27/2012 01/27/12 Pending -- -- --
09/02/2011 09/02/11 For Sale $179,000 -- $239 / 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 $2,508 $209,000 $40,000 $169,000
2024 $2,508 $209,000 $40,000 $169,000
2023 $2,316 $193,000 $40,000 $153,000
2022 $2,028 $169,000 $40,000 $129,000
2021 $1,932 $169,000 $40,000 $129,000
2020 $1,932 $161,000 $34,000 $127,000
2019 $1,752 $146,000 $30,000 $116,000
2018 $1,620 $135,000 $30,000 $105,000
2017 $1,560 $130,000 $30,000 $100,000
2016 $1,500 $125,000 $30,000 $95,000
2015 $1,740 $125,000 $30,000 $95,000
2014 $1,740 $145,000 $30,000 $115,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2405831

Central Virginia Regional MLS

APN: W000-1070-077