NOT LISTED FOR SALE

505 S Davis Ave Unit 4 Richmond, VA 23220

Byrd Park Neighborhood

Estimated Value: $312,000 - $344,000

2 Beds
2 Baths
827 Sq Ft
$232/mo HOA Fee

Last Sold September 21, 2018

Last sale price $205,000 $248 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $2,265/month

6 Days on Market

Highlights

  • Wood Flooring
  • High Ceiling
  • Front Porch
  • Open High School Rated A+
  • Balcony
  • Cooling Available

About This Home

As of September 2018

Welcome to 505 S Davis Ave! Located on the first floor & boasting TWO bedrooms & TWO FULL BATHROOMS, Unit 4 offers one of the best layouts available in the Fountain Lake Condominiums. Ideal for roommates or the luxury of having a guest room w/ its own private bathroom. Located just steps from the lake, Byrd Park, Maymont, Carytown, and The Fan--your choice of shopping, dining, & recreation is just around the corner. This Unit features hardwood floors & 9ft ceilings throughout. Open-concept layout includes dining area, living room, & study nook w/ a door to a shared balcony. Spacious galley-style kitchen offers overhead lighting, exposed brick walls, & exterior door to rear stairs & courtyard. Master bedroom has hardwood floors under carpet, three windows, an en-suite bathroom, & in-unit washer & dryer. Second bedroom also offers private en-suite bathroom, two windows, & a double width closet. Full interior has been repainted. Built in 1923 & rehabbed in 1980, the Fountain Lake Condos offer a beautiful brick exterior & landscaping, off-street parking, & a full basement w/ dedicated storage, laundry facility, & bike racks. See comments in photos for additional details.

Last Agent to Sell the Property

Catherine Ham

Keller Williams Realty License #0225101642 Listed on: 08/06/2018

Keller Williams Realty

Last Buyer's Agent

Christina Horswell

Long & Foster REALTORS License #0225179539

Long & Foster REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,788

Year Built

  • Built in 1923

Lot Details

  • 823

HOA Fees

  • $232 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Plaster

Interior Spaces

  • 827 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Dining Area

Kitchen

  • Oven
  • Electric Cooktop
  • Dishwasher

Flooring

  • Wood
  • Partially Carpeted
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Storage

Home Security

Outdoor Features

  • Balcony
  • Outdoor Storage
  • Front Porch

Schools

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

Utilities

  • Cooling Available
  • Heat Pump System
  • Vented Exhaust Fan
  • Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number W000-1070-046

Community Details

Overview

  • Fountain Lake Condominiums Subdivision

Amenities

  • Common Area
  • Community Storage Space

Recreation

  • Park

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,788

Year Built

Built in 1923

Lot Details

0

HOA Fees

$232 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1923
  • Property Attached Yn: Yes
  • Lot Size Acres: 0.0189
  • Ownership: Individuals
  • Subdivision Name: Fountain Lake Condominiums
  • Architectural Style: Other
  • Entry Level: 1
  • 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: Ceramic Tile, Partially Carpeted, Wood
  • Basement: Full, Storage Space, Walk-Out Access
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Cooking, Electric Water Heater, Oven, Refrigerator, Washer
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Interior Amenities: Bedroom on Main Level, Dining Area, High Ceilings, Bath in Primary Bedroom, Main Level Primary, Cable TV
  • Living Area: 827.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Other
  • Fencing: None
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Brick, Drywall, Plaster
  • Exterior Features: Porch, Storage
  • Patio And Porch Features: Balcony, Rear Porch, Front Porch, Porch
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Off Street

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Heat Pump
  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Common Area, Washer Hookup, Dryer Hookup
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Common Grounds/Area, Laundry Facilities, Storage Facilities, Park
  • Amenities: Landscaping
  • Association Fee: 232.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

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

Schools

  • Middle Or Junior School: Dogwood

Lot Info

  • Parcel Number: W000-1070-046
  • Zoning Description: R-53
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 1788.0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2018
Closed on
Sep 4, 2018
Sold by
Kennedy Kevin Joseph
Bought by
Edwards Sarah Elizabeth
Seller's Agent
Catherine Ham
Keller Williams Realty
Buyer's Agent
Christina Horswell
Long & Foster REALTORS
List Price
$205,000
Sold Price
$205,000
Current Estimated Value
$327,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,205
Avg. Annual Appreciation
7.16%
Original Mortgage
$194,750
Outstanding Balance
$171,220
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$158,754

Purchase Details

Listed on
May 4, 2014
Closed on
Jun 20, 2014
Sold by
Ward Christopher J
Bought by
Kennedy Kevin J
Seller's Agent
Sandra Francisco
BHHS PenFed Realty
Buyer's Agent
Joseph Timberlake
Timberlake Realty RVA
List Price
$164,950
Sold Price
$164,000
Premium/Discount to List
-$950
-0.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.40%
Original Mortgage
$131,200
Interest Rate
4.19%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 2004
Sold by
Ashworth Susan
Bought by
Ward Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,003
Interest Rate
6.01%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Edwards Sarah Elizabeth $205,000 Attorney
Kennedy Kevin J $164,000 --
Ward Christopher $130,950 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Edwards Sarah Elizabeth $194,750
Previous Owner Kennedy Kevin J $131,200
Previous Owner Ward Christopher J $131,197
Previous Owner Ward Christopher J $20,000
Previous Owner Ward Christopher J $138,000
Previous Owner Ward Christopher J $11,400
Previous Owner Ward Christopher $128,003
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2018 09/21/18 Sold $205,000 0.0% $248 / Sq Ft
08/12/2018 08/12/18 Pending -- -- --
08/06/2018 08/06/18 For Sale $205,000 +25.0% $248 / Sq Ft
06/26/2014 06/26/14 Sold $164,000 -0.6% $181 / Sq Ft
05/09/2014 05/09/14 Pending -- -- --
05/04/2014 05/04/14 For Sale $164,950 -- $182 / 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 $2,892 $241,000 $40,000 $201,000
2024 $2,892 $241,000 $40,000 $201,000
2023 $2,664 $222,000 $40,000 $182,000
2022 $2,328 $194,000 $40,000 $154,000
2021 $2,220 $194,000 $40,000 $154,000
2020 $2,220 $185,000 $39,000 $146,000
2019 $2,016 $168,000 $30,000 $138,000
2018 $1,860 $155,000 $30,000 $125,000
2017 $1,788 $149,000 $30,000 $119,000
2016 $1,716 $143,000 $30,000 $113,000
2015 $1,800 $145,000 $30,000 $115,000
2014 $1,800 $150,000 $30,000 $120,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 1823367

Central Virginia Regional MLS

APN: W000-1070-046