$245,000
SOLD APR 15, 2016

503 S Davis Ave Unit 1 Richmond, VA 23220

Byrd Park Neighborhood
2 Beds
2 Baths
1,056 Sq Ft
$300/mo HOA Fee

Recently Sold

$232 Per Sq Ft

2 Days on Market

Highlights

  • Water Views
  • 0.24 Acre Lot
  • Wood Flooring
  • Open High School Rated A+
  • Colonial Architecture
  • High Ceiling

About This Home

As of April 2016

This beautiful 2bed/2ba condo shows like an hgtv remodel, keeping the original 1920's charm- exposed brick, hardwood floors, crown moulding and arched doors leading to tiled patio. Kitchen boasts granite counters, under mount sink and fabulous 42" cabinets. Living room and patio have a beautiful view of Fountain Lake. Bright and airy master features large closet and spacious ensuite bath. Generous 2nd bedroom, washer and dryer and hall bath make this home the perfect answer to downtown living. Use your imagination to expand into the 644 square foot unfinished walkout basement.Plenty of parking including additional permitted off street spaces. Convenient to 195, VCU and VMFA. Walking distance to Carytown and top-rated restaurants. Must see!

Last Agent to Sell the Property

Jolanda Knezevich

Long & Foster REALTORS License #0225071413 Listed on: 03/11/2016

Long & Foster REALTORS

Last Buyer's Agent

Jean Longest

Long & Foster REALTORS License #0225003123

Long & Foster REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,160

Year Built

  • Built in 1923

HOA Fees

  • $300 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction

Interior Spaces

  • 1,056 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Track Lighting
  • Dining Area
  • Water Views
  • Unfinished Basement
  • Walk-Out Basement
  • Stacked Washer and Dryer

Kitchen

  • Induction Cooktop
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • 2 Full Bathrooms

Parking

  • No Garage
  • On-Street Parking

Outdoor Features

  • Outdoor Storage

Schools

  • Lois-Harrison Jones Elementary School
  • Dogwood Middle School
  • Thomas Jefferson High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number W000-1070-060

Community Details

Overview

  • Fountain Lake Condominiums Subdivision

Amenities

  • Common Area
  • Community Storage Space

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,160

Year Built

Built in 1923

Lot Details

0

HOA Fees

$300 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1923
  • Lot Size Acres: 0.2429
  • Ownership: Individuals
  • Subdivision Name: Fountain Lake Condominiums
  • Architectural Style: Colonial
  • 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: Tile, Wood
  • Basement: Unfinished, Walk-Out Access
  • Appliances: Washer/Dryer Stacked, Dishwasher, Electric Water Heater, Disposal, Microwave, Refrigerator, Smooth Cooktop
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace: No
  • Interior Amenities: Bedroom on Main Level, Dining Area, Granite Counters, High Ceilings, Bath in Primary Bedroom, Track Lighting
  • Living Area: 1056.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Other
  • Fencing: None
  • Pool Features: None
  • View: Water
  • View: Yes
  • Waterfront: No
  • Construction Type: Brick
  • Exterior Features: Storage
  • Property Condition: Resale

Garage/Parking

  • Parking Features: No Garage, On Street

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: 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
  • Amenities: Landscaping
  • Association Fee: 300.03
  • 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: Dogwood

Lot Info

  • Parcel Number: W000-1070-060
  • Zoning Description: R-53
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2015
  • Tax Annual Amount: 2160.0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2016
Closed on
Apr 7, 2016
Sold by
Fahey Joseph M and Fahey Monica M
Bought by
Bradley Cathy J
Seller's Agent
Jolanda Knezevich
Long & Foster REALTORS
Buyer's Agent
Jean Longest
Long & Foster REALTORS
List Price
$245,000
Sold Price
$245,000
Total Days on Market
2
Current Estimated Value
$385,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,926
Avg. Annual Appreciation
5.54%

Purchase Details

Closed on
Aug 18, 2010
Sold by
Snead Harry L and Snead Robert C
Bought by
Fahey Joseph M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
4.55%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 2008
Sold by
Snead Robert C
Bought by
Snead Harry L

Purchase Details

Closed on
Aug 16, 2000
Sold by
Millgan Patrick M and Roberts Prudence E
Bought by
Canfield Karla H and Reisdore Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,200
Interest Rate
8.13%
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
Warranty Deed $245,000 Attorney
Warranty Deed $185,000 --
Warranty Deed $63,450 --
Warranty Deed $78,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $185,000 New Conventional
Previous Owner $70,200 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2022 05/15/22 Rented $2,100 0.0% --
03/23/2022 03/23/22 For Rent $2,100 +10.5% --
10/10/2020 10/10/20 Rented $1,900 0.0% --
09/05/2020 09/05/20 For Rent $1,900 0.0% --
04/15/2016 04/15/16 Sold $245,000 0.0% $232 / Sq Ft
03/13/2016 03/13/16 Pending -- -- --
03/11/2016 03/11/16 For Sale $245,000 -- $232 / 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 $3,480 $290,000 $40,000 $250,000
2024 $3,480 $290,000 $40,000 $250,000
2023 $3,204 $267,000 $40,000 $227,000
2022 $2,784 $232,000 $40,000 $192,000
2021 $2,652 $232,000 $40,000 $192,000
2020 $2,652 $221,000 $46,000 $175,000
2019 $2,412 $201,000 $30,000 $171,000
2018 $2,220 $185,000 $30,000 $155,000
2017 $2,136 $178,000 $30,000 $148,000
2016 $2,052 $171,000 $30,000 $141,000
2015 $2,340 $180,000 $30,000 $150,000
2014 $2,340 $195,000 $30,000 $165,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 1607189

Central Virginia Regional MLS

APN: W000-1070-060