NOT LISTED FOR SALE

The Prestwould 612 W Franklin St Unit U1B Richmond, VA 23220

The Fan Neighborhood

Estimated Value: $772,000 - $1,001,433

3 Beds
4 Baths
3,306 Sq Ft
$2,143/mo HOA Fee

Last Sold October 17, 2018

Last sale price $610,000 $185 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $7,655/month

1 Day on Market

Highlights

  • City View
  • 0.82 Acre Lot
  • Marble Flooring
  • Open High School Rated A+
  • Property is near public transit
  • 2-minute walk to Monroe Park

About This Home

As of October 2018

Premier condominium conversion of the 1929 Prestwould Apartments, overlooking the newly restored Monroe Park, and in the heart of the VCU Monroe Park Campus. Quick access to interstates, schools, restaurants and the new Institute for Contemporary Arts at VCU. Oversize rooms, triple wide windows, 10 foot ceilings, in addition to a 500 sq. ft. terrace overlooking the courtyard. Very secure building, additionally protected by one of the largest university police forces in the state. Renovated in the mid-80's and now ready for the next generation to enjoy. Full time staff and security guards in the evenings/weekends.

Last Agent to Sell the Property

Joe Fawley

The Gentil Co. License #0225019980 Listed on: 09/14/2018

Last Buyer's Agent

Susanne Gibson

Virginia Capital Realty License #0225192688

Virginia Capital Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,192

Year Built

  • Built in 1927

Lot Details

  • 0.82

HOA Fees

  • $2,143 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Brick Exterior Construction
  • Built-Up Roof
  • Plaster

Interior Spaces

  • 3,306 Sq Ft Home
  • 2-Story Property
  • Wired For Data
  • Built-In Features
  • Bookcases
  • High Ceiling
  • Ceiling Fan
  • Ventless Fireplace
  • Gas Fireplace
  • Window Treatments
  • Separate Formal Living Room
  • City Views

Kitchen

  • Self-Cleaning Oven
  • Gas Cooktop
  • Down Draft Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Trash Compactor
  • Disposal

Flooring

  • Wood
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • En-Suite Primary Bedroom

Laundry

  • Dryer
  • Washer

Basement

  • Shared Basement
  • Basement Storage

Home Security

Outdoor Features

  • Balcony
  • Outdoor Gas Grill

Schools

  • Fox Elementary School
  • Dogwood Middle School
  • Thomas Jefferson High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Vented Exhaust Fan
  • Hot Water Heating System
  • Heating System Uses Steam
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Accessible Elevator Installed
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number W000-0298-021

Community Details

Overview

  • Prestwould Condominiums Subdivision

Amenities

  • Community Storage Space

Recreation

  • Park

Security

  • Controlled Access
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,192

Year Built

Built in 1927

Lot Details

0

HOA Fees

$2,143 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1927
  • Property Attached Yn: Yes
  • Lot Size Acres: 0.8185
  • Ownership: Individuals
  • Subdivision Name: Prestwould Condominiums
  • Architectural Style: High Rise
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Owner
  • Property Sub Type Additional: Attached,Condominium
  • General Property Information Below Grade Unfinished Area: 494.0
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Ceramic Tile, Marble, Wood
  • Basement: Common Basement, Storage Space
  • Appliances: Cooktop, Down Draft, Dryer, Dishwasher, Exhaust Fan, Gas Cooking, Disposal, Gas Water Heater, Ice Maker, Microwave, Oven, Range, Refrigerator, Self Cleaning Oven, Trash Compactor, Water Heater, Washer
  • Accessibility Features: Accessible Elevator Installed
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 500.0
  • Fireplace Features: Gas, Ventless
  • Fireplace: Yes
  • Interior Amenities: Bookcases, Built-in Features, Balcony, Ceiling Fan(s), Separate/Formal Dining Room, Fireplace, High Ceilings, High Speed Internet, Bath in Primary Bedroom, Cable TV, Wired for Data, Window Treatments
  • Living Area: 3306.0
  • Stories: 2
  • Window Features: Window Treatments
  • ResoLivingAreaSource: Owner

Exterior Features

  • Roof: Built-Up
  • Pool Features: None
  • View: City
  • View: Yes
  • Waterfront: No
  • Disclosures: Historical, Owner Is Listing Agent
  • Construction Type: Brick, Concrete, Plaster
  • Exterior Features: Gas Grill
  • Patio And Porch Features: Balcony
  • Property Condition: Resale

Garage/Parking

  • Parking Features: Assigned

Utilities

  • Heating: Central, Hot Water, Multi-Fuel, Steam, Zoned
  • Cooling: Central Air, Electric, Zoned
  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Dryer Hookup
  • Security: Controlled Access, Fire Sprinkler System
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Elevator, Home Owners Association, Public Transportation, Storage Facilities, Park
  • Amenities: Landscaping, Management
  • Association Fee: 2143.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Management, Common Areas, Gas, Heat, Hot Water, Insurance, Reserve Fund, Security, Trash, Water

Schools

  • Middle Or Junior School: Dogwood

Lot Info

  • Parcel Number: W000-0298-021
  • Zoning Description: R-73
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 6192.0

MLS Schools

  • Elementary School: Fox
  • High School: Thomas Jefferson

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 14, 2018
Closed on
Oct 2, 2018
Sold by
Fawley Joseph B and Fawley Louisa P
Bought by
Crutcher Ronald and Crutcher Betty
Seller's Agent
Joe Fawley
The Gentil Co.
Buyer's Agent
Susanne Gibson
Virginia Capital Realty
List Price
$624,500
Sold Price
$610,000
Premium/Discount to List
-$14,500
-2.32%
Current Estimated Value
$898,108

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$288,108
Original Mortgage
$610,000
Outstanding Balance
$538,446
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 7, 2002
Bought by
Fawley Joseph B and Fawley Louisa B
Source: Public Records

Range of Values:

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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
Crutcher Ronald $610,000 Attorney
Fawley Joseph B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Crutcher Ronald $610,000
Previous Owner Fawley Joseph B $270,356
Previous Owner Fawley Joseph B $275,000
Previous Owner Fawley Joseph B $150,000
Previous Owner Fawley Joseph B $150,000
Previous Owner Fawley Joseph B $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2018 10/17/18 Sold $610,000 -2.3% $185 / Sq Ft
09/15/2018 09/15/18 Pending -- -- --
09/14/2018 09/14/18 For Sale $624,500 -- $189 / 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 $9,228 $769,000 $75,000 $694,000
2024 $9,228 $769,000 $75,000 $694,000
2023 $9,228 $769,000 $75,000 $694,000
2022 $7,560 $630,000 $75,000 $555,000
2021 $6,876 $630,000 $75,000 $555,000
2020 $6,876 $573,000 $120,000 $453,000
2019 $6,670 $556,000 $114,000 $442,000
2018 $6,192 $516,000 $114,000 $402,000
2017 $6,192 $516,000 $114,000 $402,000
2016 $6,012 $501,000 $110,000 $391,000
2015 $6,000 $459,000 $101,000 $358,000
2014 $6,000 $500,000 $75,000 $425,000
Source: Public Records

Agents Affiliated with this Home

  • Joe Fawley

    Seller's Agent in 2018

    Joe Fawley

    The Gentil Co.

    (804) 248-0494

    3 Total Sales

    Joe Fawley
    Section Image
  • Susanne Gibson

    Buyer's Agent in 2018

    Susanne Gibson

    Virginia Capital Realty

    (804) 300-7383

    3 in this area

    65 Total Sales

    Susanne Gibson
    Section Image
See All Agents

About The Prestwould

Map

Source: Central Virginia Regional MLS

MLS Number: 1833021

Central Virginia Regional MLS

APN: W000-0298-021

Virginia Richmond City County Richmond 23220 The Fan

612 W Franklin St Unit U1B, Richmond, VA

This home is located at 612 W Franklin St Unit U1B, Richmond, VA 23220 since 14 September 2018 and is currently estimated at $898,108, approximately $271 per square foot. This property was built in 1927. 612 W Franklin St Unit U1B is a home located in Richmond City with nearby schools including Dogwood Middle School, Open High School, and Thomas Jefferson High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Central Virginia Regional MLS All or a portion of th multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

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