NOT LISTED FOR SALE

Estimated Value: $358,455 - $454,000

2 Beds
1 Bath
1,110 Sq Ft
$358/Sq Ft Est. Value

Last Sold April 11, 2017

Last sale price $50,000 $45 Per Sq Ft

Est. 695% increase in value since last sale

Current estimated payment $2,463/month

4 Days on Market

Highlights

  • Property is near public transit
  • Corner Lot
  • 2 Car Detached Garage
  • Open High School Rated A+
  • High Ceiling
  • Park

About This Home

As of April 2017

This building is located in an area where the entire community is undergoing a complete transformation and rehab. Old structures are renovated into beautiful single family homes and townhouses with historical character and charm that offer great amenity to all Richmond's city life has to offer. Parks,trails,boutique restaurants, bars,festival area, historical landmarks and the James river Capital city bike and hiking trail. The location has become a mica for urban millenniums opting for city and cultural living. The building is in poor condition, therefore a complete demolish is neccessary, to build on the lot. The plus is the structure has connection to public gas and water. Its also a corner lot.

Last Agent to Sell the Property

Gary Weatherspoon

United Real Estate Richmond License #0225212991 Listed on: 05/28/2016

Last Buyer's Agent

Gene Walden

Weichert Realtors Baron&Snipes License #0225111241

Weichert Realtors Baron&Snipes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $990

Year Built

  • Built in 1900

Lot Details

  • 2,888 Sq Ft Lot
  • Lot Dimensions are 52x55.54
  • Corner Lot

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Home Design

  • Duplex
  • Metal Roof
  • Stucco

Interior Spaces

  • 1,110 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Crawl Space

Schools

  • Chimborazo Elementary School
  • Martin Luther King Jr. Middle School
  • Armstrong High School

Additional Features

  • Stoop
  • Property is near public transit
  • Gas Water Heater

Listing and Financial Details

  • Exclusions: 0
  • Tax Lot R-63
  • Assessor Parcel Number E000-0632-001

Community Details

Recreation

  • Park

Additional Features

  • 2 Units
  • Common Area

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$990

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 1900
  • Lot Size Acres: 0.0663
  • Lot Size: 52x55.54
  • Exclusions: 0
  • Ownership: Corporate
  • Subdivision Name: None
  • Architectural Style: Two Story
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: Unknown
  • Property Sub Type Additional: Duplex
  • Special Features: None
  • Stories: 2

Interior Features

  • Basement: Crawl Space
  • Appliances: Gas Water Heater
  • Basement YN: No
  • Interior Amenities: High Ceilings
  • Living Area: 1110.0
  • Stories: 2

Exterior Features

  • Roof: Metal
  • Fencing: None
  • Lot Features: Corner Lot
  • Waterfront: No
  • Construction Type: Drywall, Concrete, Stucco
  • Patio And Porch Features: Stoop

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.0
  • Parking Features: Detached, Garage, Off Street

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Common Grounds/Area, Public Transportation, Park

Schools

  • Middle Or Junior School: Martin Luther King Jr.

Lot Info

  • Parcel Number: E000-0632-001
  • Zoning Description: R-63
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 990.0
  • Tax Lot: R-63

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • Elementary School: Chimborazo
  • High School: Armstrong

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2016
Closed on
Mar 31, 2017
Sold by
Hulbert E Llc Erroneously Referred To As
Bought by
Madison Development Co
Seller's Agent
Gary Weatherspoon
United Real Estate Richmond
Buyer's Agent
Gene Walden
Weichert Realtors Baron&Snipes
List Price
$65,000
Sold Price
$50,000
Premium/Discount to List
-$15,000
-23.08%
Current Estimated Value
$397,364

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$347,364
Avg. Annual Appreciation
27.14%

Purchase Details

Closed on
Jun 1, 2009
Sold by
Premier Investment Prop
Bought by
Cox Elliot

Purchase Details

Closed on
Mar 9, 2005
Sold by
Viking Invest Prop
Bought by
Premier Invest Prop

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$71,500
Interest Rate
5.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 4, 2002
Sold by
Obrien Joseph T
Bought by
Viking Investment Properties

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.27%
Mortgage Type
Commercial
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
Madison Development Co $50,000 Attorney
Cox Elliot $85,000 --
Premier Invest Prop $303,177 --
Viking Investment Properties $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rva Sugar Llc $1,500,000
Closed Rva Sugar Llc $246,500
Previous Owner Premier Invest Prop $71,500
Previous Owner Viking Investment Properties $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2017 04/11/17 Sold $50,000 0.0% $45 / Sq Ft
06/25/2016 06/25/16 Off Market $50,000 -- --
06/01/2016 06/01/16 Pending -- -- --
05/28/2016 05/28/16 For Sale $65,000 -- $59 / 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 $4,152 $346,000 $95,000 $251,000
2024 $3,960 $330,000 $90,000 $240,000
2023 $3,768 $314,000 $90,000 $224,000
2022 $3,204 $267,000 $65,000 $202,000
2021 $848 $65,000 $50,000 $15,000
2020 $807 $54,000 $50,000 $4,000
2019 $756 $63,000 $55,000 $8,000
2018 $756 $63,000 $55,000 $8,000
2017 $1,183 $63,000 $40,000 $23,000
2016 $672 $56,000 $40,000 $16,000
2015 $1,691 $45,000 $40,000 $5,000
2014 $1,691 $45,000 $40,000 $5,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 1618396

Central Virginia Regional MLS

APN: E000-0632-001