701 Arnold Ave Richmond, VA 23222
Highland Park NeighborhoodEstimated payment $1,440/month
Highlights
- Cathedral Ceiling
- Wood Flooring
- Breakfast Area or Nook
- Open High School Rated A+
- Solid Surface Countertops
- Fireplace
About This Home
Welcome to this charming raised ranch in Richmond's popular Highland Terrace neighborhood, where thoughtful updates come together beautifully. Refinished hardwood floors and fresh paint throughout create a bright, inviting atmosphere from the moment you step inside. The refreshed kitchen features tile flooring, new cabinetry, butcher block countertops, and a breakfast nook peninsula that adds both functionality and casual dining space. Adjacent to the kitchen, a versatile dining/flex room has been transformed with a stunning vaulted tongue-and-groove cedar ceiling, skylight, new windows, and luxury vinyl plank flooring—creating the perfect setting for entertaining, working from home, or relaxing with family and friends. The bathroom has been completely renovated down to the studs, offering modern finishes and peace of mind. A spacious living room centered around a cozy fireplace provides a warm gathering space, while two comfortable bedrooms complete the interior. Additional updates include a new roof and hot water heater, allowing the next owner to move in with confidence. Situated on a corner lot, the fully fenced backyard offers plenty of room for pets, gardening, play, or outdoor entertaining. Full of charm and thoughtfully updated throughout, this Highland Terrace gem is ready to welcome you home. Photos scheduled for Monday afternoon, June 22.
Listing Agent
Long & Foster REALTORS Brokerage Phone: (804) 873-0025 License #0225233822 Listed on: 06/19/2026
Co-Listing Agent
Long & Foster REALTORS Brokerage Phone: (804) 873-0025 License #0225245638
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,968
Year Built
- Built in 1938
Lot Details
- 2,409 Sq Ft Lot
- Chain Link Fence
- Zoning described as R-5
Parking
- On-Street Parking
Home Design
- Brick Exterior Construction
- Composition Roof
- Vinyl Siding
Interior Spaces
- 1,159 Sq Ft Home
- 1-Story Property
- Cathedral Ceiling
- Ceiling Fan
- Fireplace
- Dining Area
- Crawl Space
- Stacked Washer and Dryer
Kitchen
- Breakfast Area or Nook
- Gas Cooktop
- Stove
- Microwave
- Solid Surface Countertops
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Outdoor Features
- Shed
Schools
- Barack Obama Elementary School
- Henderson Middle School
- John Marshall High School
Utilities
- Window Unit Cooling System
- Radiator
- Heating System Uses Natural Gas
- Gas Water Heater
- Cable TV Available
Community Details
- Highland Terrace Subdivision
Listing and Financial Details
- Assessor Parcel Number N000-1051-001
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2026 | $1,968 | $182,000 | $56,000 | $126,000 |
| 2025 | $1,968 | $164,000 | $56,000 | $108,000 |
| 2024 | $1,848 | $154,000 | $50,000 | $104,000 |
| 2023 | $1,788 | $149,000 | $50,000 | $99,000 |
| 2022 | $1,092 | $91,000 | $27,000 | $64,000 |
| 2020 | $984 | $82,000 | $21,000 | $61,000 |
| 2019 | $876 | $73,000 | $15,000 | $58,000 |
| 2018 | $828 | $69,000 | $15,000 | $54,000 |
| 2017 | $828 | $69,000 | $15,000 | $54,000 |
| 2016 | $864 | $72,000 | $20,000 | $52,000 |
| 2015 | $864 | $72,000 | $20,000 | $52,000 |
| 2014 | $864 | $72,000 | $20,000 | $52,000 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/27/2026 06/27/26 | Pending | -- | -- | -- | |
| 06/23/2026 06/23/26 | For Sale | $235,000 | +52.6% | $203 / Sq Ft | |
| 08/02/2022 08/02/22 | Sold | $154,000 | -8.9% | $133 / Sq Ft | View Prior Sale |
| 06/25/2022 06/25/22 | Pending | -- | -- | -- | |
| 05/24/2022 05/24/22 | For Sale | $169,000 | -- | $146 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Bargain Sale Deed | $154,000 | Old Republic National Title |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $123,200 | New Conventional | |
| Previous Owner | $129,000 | Credit Line Revolving |
Source: Central Virginia Regional MLS
MLS Number: 2616836
APN: N000-1051-001
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.
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 ©2026 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.
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