$329,950
SOLD OCT 16, 2024

507 S Davis Ave Unit 5 Richmond, VA 23220

Byrd Park Neighborhood
2 Beds
1 Bath
760 Sq Ft
$265/mo HOA Fee

Recently Sold

$434 Per Sq Ft

6 Days on Market

Highlights

  • Water Views
  • Colonial Architecture
  • Wood Flooring
  • Open High School Rated A+
  • Community Lake
  • High Ceiling

About This Home

As of October 2024

You never want to look back on life and wonder why you didn't grab that kiss. This offering is a passionate kiss. I am not exaggerating when I tell you that I have sold million dollar properties with views nowhere near as spectacular as these of picturesque Fountain Lake and Byrd Park. And unequivocally, this particular unit contains the best vistas in the entire complex. The handsome building suits its setting as well with its Old Richmond, antique brick exterior and manicured grounds. Once inside, the exposed brick in the halls creates the chic urban feel everybody desires in a City location. The unit itself is light and airy and produces a far more spacious feel than the the dimensions would indicate. 9' ceilngs, new engineered wood flooring, fresh paint, a sleek stainless and granite kitchen, AND a newly renovated bath make this space truly befit the views that it affords. Private and common storage in the basement plus additional pay washing/drying in the main building basement. Opportunities like this don't come often. Seize it!

Last Agent to Sell the Property

Paul Gee

Long & Foster REALTORS Brokerage Phone: (804) 822-3212 License #0225033505

Long & Foster REALTORS

Last Buyer's Agent

Cathy Grubbs

The Hogan Group Real Estate License #0225230311

The Hogan Group Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,532

Year Built

  • Built in 1923

HOA Fees

  • $265 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Frame Construction

Interior Spaces

  • 760 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Recessed Lighting
  • French Doors
  • Wood Flooring
  • Water Views
  • Basement
  • Basement Storage

Kitchen

  • Stove
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Vented Exhaust Fan
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number W000-1070-034

Community Details

Overview

  • Fountain Lake Condominiums Subdivision
  • Community Lake
  • Pond in Community

Amenities

  • Common Area
  • Community Storage Space

Recreation

  • Tennis Courts
  • Park

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,532

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
  • Attribution Contact: (804) 822-3212
  • Lot Size Acres: 0.0174
  • Water Body Name: Fountain Lake Water Views
  • Ownership: Individuals
  • Subdivision Name: Fountain Lake Condominiums
  • Architectural Style: Colonial, Mid Rise
  • Entry Level: 3
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Wood
  • Basement: Storage Space
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Water Heater, Microwave, Refrigerator, Stove, Washer
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Door Features: French Doors
  • Interior Amenities: Balcony, Ceiling Fan(s), French Door(s)/Atrium Door(s), Granite Counters, High Ceilings, Recessed Lighting
  • Living Area: 760.0
  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Other
  • Pool Features: None
  • View: Water
  • View: Yes
  • Waterfront: No
  • Construction Type: Brick, Frame, Mixed
  • Patio And Porch Features: Balcony
  • Property Condition: Resale

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Common Grounds/Area, Home Owners Association, Lake, Pond, Storage Facilities, Tennis Court(s), Park
  • Amenities: Landscaping, Management
  • Association Fee: 265.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

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

Schools

  • Middle Or Junior School: Albert Hill

Lot Info

  • Parcel Number: W000-1070-034
  • Zoning Description: R-53
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2532.0

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2024
Closed on
Oct 7, 2024
Sold by
Marra Christine
Bought by
Lieu Brigitte Alexis and Zent John Marshall
Seller's Agent
Paul Gee
Long & Foster REALTORS
Buyer's Agent
Cathy Grubbs
The Hogan Group Real Estate
List Price
$329,950
Sold Price
$329,950
Total Days on Market
6
Views
72
Current Estimated Value
$340,308

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,358
Avg. Annual Appreciation
5.29%
Original Mortgage
$263,960
Outstanding Balance
$262,466
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$77,842

Purchase Details

Listed on
Oct 25, 2022
Closed on
Nov 18, 2022
Sold by
Lines Lynn Marie
Bought by
Marra Christine
Seller's Agent
Ryan Medlin
RE/MAX Commonwealth
Buyer's Agent
Paul Gee
Long & Foster REALTORS
List Price
$300,000
Sold Price
$311,500
Premium/Discount to List
$11,500
3.83%
Views
16

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.12%
Original Mortgage
$261,500
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2021
Sold by
Huffman Todd Hunter and Lines Lynn Marie
Bought by
Lines Lynn Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 22, 2017
Sold by
Huffman Margaret K
Bought by
Huffman Todd Hunter and Lines Lynn Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Map

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 Type Sale Price Title Company
Bargain Sale Deed $329,950 Fidelity National Title
Bargain Sale Deed $311,500 Fidelity National Title
Interfamily Deed Transfer -- None Available
Warranty Deed $180,000 Action Title & Closings Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $263,960 New Conventional
Previous Owner $261,500 New Conventional
Previous Owner $180,000 New Conventional
Previous Owner $132,000 New Conventional
Previous Owner $50,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2024 10/16/24 Sold $329,950 0.0% $434 / Sq Ft
09/14/2024 09/14/24 Pending -- -- --
09/08/2024 09/08/24 For Sale $329,950 +5.9% $434 / Sq Ft
12/02/2022 12/02/22 Sold $311,500 +3.8% $410 / Sq Ft
11/01/2022 11/01/22 Pending -- -- --
10/25/2022 10/25/22 For Sale $300,000 -- $395 / Sq Ft
Source: Central Virginia Regional MLS

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 $2,532 $211,000 $40,000 $171,000
2024 $2,532 $211,000 $40,000 $171,000
2023 $2,340 $195,000 $40,000 $155,000
2022 $2,052 $171,000 $40,000 $131,000
2021 $1,956 $171,000 $40,000 $131,000
2020 $1,956 $163,000 $34,000 $129,000
2019 $1,776 $148,000 $30,000 $118,000
2018 $1,644 $137,000 $30,000 $107,000
2017 $1,584 $132,000 $30,000 $102,000
2016 $1,524 $127,000 $30,000 $97,000
2015 $1,740 $140,000 $30,000 $110,000
2014 $1,740 $145,000 $30,000 $115,000
Source: Public Records

Source: Central Virginia Regional MLS

MLS Number: 2423659

Central Virginia Regional MLS

APN: W000-1070-034