NOT LISTED FOR SALE

506 Fayette Ave Richmond, VA 23222

Estimated Value: $321,000 - $356,000

4 Beds
2 Baths
1,914 Sq Ft
$176/Sq Ft Est. Value

Last Sold February 11, 2019

Last sale price $185,900 $97 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $2,040/month

11 Days on Market

Highlights

  • Cape Cod Architecture
  • Wood Flooring
  • Granite Countertops
  • Deck
  • Separate Formal Living Room
  • Front Porch

About This Home

As of February 2019

This beautiful 5 bedroom 2 bathroom 1,914 square foot brick cape-style home is located in Confederate Heights subdivision. It has been beautifully renovated with many features and upgrades! Some of its many features include beautiful NEWLY refinished hardwood flooring,
NEW central A/C/heat pump, NEW dimensional roof, NEW special-order shaker style kitchen cabinets with NEW granite counter-tops. Other features include NEW brushed nickel light fixtures and ceiling fans throughout, NEW stainless appliances, energy-efficient windows, NEW
ceramic tile flooring in kitchen and bathrooms, NEW interior paint, NEW professional landscaping, NEW gutters and downspouts, NEW washer/dryer hookups, slate front porch, carport, partially fenced rear yard, rear deck, wood burning fireplace, laundry room, NEW gravel
driveway, and much more! The keyword here is “NEW”. Just about everything is NEW! Must see this home to believe how nice and NEW it is.

Last Agent to Sell the Property

Mike Hogan

The Hogan Group Real Estate License #0225093823 Listed on: 12/22/2018

The Hogan Group Real Estate

Last Buyer's Agent

June Smith

United Real Estate Richmond License #0225206355

United Real Estate Richmond

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,343

Year Built

  • Built in 1940

Lot Details

  • 7,331 Sq Ft Lot
  • Chain Link Fence
  • Back Yard Fenced
  • Zoning described as R3

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction
  • Frame Construction

Interior Spaces

  • 1,914 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Bookcases
  • Ceiling Fan
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Separate Formal Living Room
  • Crawl Space
  • Washer and Dryer Hookup

Kitchen

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

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • Carport
  • Driveway
  • Unpaved Parking

Outdoor Features

  • Deck
  • Front Porch

Schools

  • Glen Lea Elementary School
  • Douglas Wilder Middle School
  • Henrico High School

Utilities

  • Central Air
  • Heat Pump System
  • Community Sewer or Septic

Community Details

  • Confederate Heights Subdivision

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 793-740-5261

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,343

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: 0.1683
  • Ownership: Other
  • Subdivision Name: Confederate Heights
  • Architectural Style: Cape Cod
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: One and One Half
  • New Construction: No
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None

Interior Features

  • Flooring: Ceramic Tile, Wood
  • Basement: Crawl Space
  • Appliances: Dishwasher, Electric Cooking, Microwave, Oven, Smooth Cooktop
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 4
  • Fireplace Features: Masonry, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Bookcases, Built-in Features, Bedroom on Main Level, Ceiling Fan(s), Separate/Formal Dining Room, Granite Counters
  • Living Area: 1914.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Fencing: Back Yard, Chain Link, Fenced
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Brick, Drywall, Frame
  • Exterior Features: Deck, Porch, Unpaved Driveway
  • Patio And Porch Features: Front Porch, Deck, Porch
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Carport, Driveway, Unpaved

Utilities

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

Schools

  • Middle Or Junior School: Douglas Wilder

Lot Info

  • Parcel Number: 793-740-5261
  • Zoning Description: R3
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 1343.0
  • Tax Lot: 7

MLS Schools

  • Elementary School: Glen Lea
  • High School: Henrico

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 22, 2018
Closed on
Feb 6, 2019
Sold by
506 Fayette Avenue Series
Bought by
Jarrell Anton L
Seller's Agent
Mike Hogan
The Hogan Group Real Estate
Buyer's Agent
June Smith
United Real Estate Richmond
List Price
$185,900
Sold Price
$185,900
Current Estimated Value
$337,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,693
Avg. Annual Appreciation
9.54%
Original Mortgage
$189,896
Outstanding Balance
$167,621
Interest Rate
4.5%
Mortgage Type
VA
Estimated Equity
$169,972

Purchase Details

Closed on
Apr 26, 2018
Sold by
Terra Abstract Virginia Inc
Bought by
506 Fayette Avenue Series A Series Of R

Purchase Details

Closed on
Nov 2, 2015
Sold by
Lease Buy Own Llc A Limited Liability Co
Bought by
Singleton Dana and Singleton Shawn J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,184
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Listed on
Jan 8, 2013
Closed on
Aug 6, 2013
Sold by
Lease Buy Own Llc
Bought by
Kellinger Paul S
Seller's Agent
Brian Liggan
Virginia Capital Realty
Buyer's Agent
Brian Hall
The RVA Group Realty
List Price
$117,500
Sold Price
$72,000
Premium/Discount to List
-$45,500
-38.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.66%

Purchase Details

Listed on
Jan 8, 2013
Closed on
Jul 29, 2013
Sold by
Federal National Mortgage Association
Bought by
Lease Buy Own Llc
Seller's Agent
Brian Liggan
Virginia Capital Realty
Buyer's Agent
Brian Hall
The RVA Group Realty
List Price
$117,500
Sold Price
$72,000
Premium/Discount to List
-$45,500
-38.72%

Purchase Details

Closed on
May 16, 2007
Sold by
Chessor Christy
Bought by
Robertson Janice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,950
Interest Rate
6.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2007
Sold by
Chessor Christy
Bought by
Robertson Janice

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$172,950
Interest Rate
6.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 2006
Sold by
Innovative Asset Solution
Bought by
Chessor Christy L

Purchase Details

Closed on
May 5, 2006
Sold by
Hammond Earl C
Bought by
Innovative Asset Solutions Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Jarrell Anton L $185,900 Heritage Title Co Of Va
506 Fayette Avenue Series A Series Of R $101,000 None Available
Singleton Dana $149,900 Attorney
Kellinger Paul S $90,000 --
Lease Buy Own Llc $72,000 --
Robertson Janice $172,950 --
Robertson Janice $172,950 --
Chessor Christy L $106,000 --
Innovative Asset Solutions Inc $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jarrell Anton L $189,896
Previous Owner Singleton Dana $147,184
Previous Owner Lease Buy Own Llc $50,000
Previous Owner Robertson Janice $172,950
Previous Owner Robertson Janice $172,950
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/11/2019 02/11/19 Sold $185,900 0.0% $97 / Sq Ft
01/02/2019 01/02/19 Pending -- -- --
12/22/2018 12/22/18 For Sale $185,900 +158.2% $97 / Sq Ft
08/05/2013 08/05/13 Sold $72,000 -38.7% $42 / Sq Ft
06/20/2013 06/20/13 Pending -- -- --
01/08/2013 01/08/13 For Sale $117,500 -- $68 / 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 $2,411 $257,100 $32,000 $225,100
2024 $2,411 $251,100 $32,000 $219,100
2023 $2,159 $251,100 $32,000 $219,100
2022 $1,884 $219,100 $30,000 $189,100
2021 $1,611 $181,400 $25,000 $156,400
2020 $1,596 $181,400 $25,000 $156,400
2019 $1,391 $158,100 $25,000 $133,100
2018 $1,343 $152,600 $24,000 $128,600
2017 $1,279 $145,300 $22,000 $123,300
2016 $1,279 $145,300 $22,000 $123,300
2015 $1,279 $145,300 $22,000 $123,300
2014 $1,279 $145,300 $22,000 $123,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 1839552

Central Virginia Regional MLS

APN: 793-740-5261