$259,000
SOLD OCT 26, 2022

501 S Davis Ave Unit 5 Richmond, VA 23220

Byrd Park Neighborhood
2 Beds
1 Bath
748 Sq Ft
$223/mo HOA Fee

Recently Sold

$346 Per Sq Ft

4% Below List Price

37 Days on Market

Highlights

  • Water Views
  • Colonial Architecture
  • High Ceiling
  • Open High School Rated A+
  • Wood Flooring
  • Granite Countertops

About This Home

As of April 2024

Back on the market due to no fault of the Seller. This 3rd floor lake front condo has an amazing view of Fountain Lake from it's private balcony. This home features a renovated kitchen, updated bath, built in cabinetry, French doors, thermal windows , washer and dryer, two large bedrooms with attached Jack and Jill bath. Private storage area is included located in the basement. This condo is located conveniently close to Carytown, The Fan, Byrd Park,
and Maymont With walkability to restaurants and shopping. Off street parking in the rear first come and lots of on street parking. A must see!

Last Agent to Sell the Property

Tricia Childress

Signature Properties License #0225147988 Listed on: 09/01/2022

Last Buyer's Agent

Alison Beckner

Joyner Fine Properties License #0225244101

Joyner Fine Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,028

Year Built

  • Built in 1923

HOA Fees

  • $223 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Flat Roof Shape
  • Brick Exterior Construction

Interior Spaces

  • 748 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Bookcases
  • High Ceiling
  • Thermal Windows
  • French Doors
  • Wood Flooring
  • Water Views
  • Washer

Kitchen

  • Electric Cooktop
  • Stove
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Unfinished Basement

  • Shared Basement
  • Basement Storage

Home Security

Parking

  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Balcony

Schools

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

Utilities

  • Central Air
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number W000-1070-077

Community Details

Overview

  • Fountain Lake Condominiums Subdivision

Security

  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,028

Year Built

Built in 1923

Lot Details

0

HOA Fees

$223 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1923
  • Property Attached Yn: Yes
  • Lot Size Acres: 0.0171
  • Ownership: Individuals
  • Subdivision Name: Fountain Lake Condominiums
  • 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: Attached,Condominium
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Wood
  • Basement: Common Basement, Storage Space, Unfinished
  • Appliances: Dishwasher, Electric Cooking, Refrigerator, Stove, Washer
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: French Doors
  • Fireplace: No
  • Interior Amenities: Bookcases, Built-in Features, French Door(s)/Atrium Door(s), Granite Counters, High Ceilings
  • Living Area: 748.0
  • Stories: 1
  • Window Features: Thermal Windows
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Flat
  • Fencing: None
  • Pool Features: None
  • View: Water
  • View: Yes
  • Waterfront: No
  • Construction Type: Brick, Block
  • Patio And Porch Features: Balcony
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Off Street, On Street

Utilities

  • Heating: Electric
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Washer Hookup
  • Security: Fire Sprinkler System
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 223.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Insurance, Maintenance Grounds, Maintenance Structure, Reserve Fund, Sewer, Snow Removal, Trash, Water

Schools

  • Middle Or Junior School: Albert Hill

Lot Info

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

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2028.0

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
37
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 Type Sale Price Title Company
Bargain Sale Deed $315,000 First American Title Insurance
Deed $259,000 --
Warranty Deed $156,000 --
Warranty Deed -- --
Warranty Deed $90,000 --
Warranty Deed $71,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $236,250 New Conventional
Previous Owner $109,945 New Conventional
Previous Owner $85,050 New Conventional
Previous Owner $51,000 New Conventional
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: 2224674

Central Virginia Regional MLS

APN: W000-1070-077