NOT LISTED FOR SALE

Estimated Value: $421,104 - $477,000

2 Beds
2 Baths
1,338 Sq Ft
$420/mo HOA Fee

Last Sold April 01, 2022

Last sale price $409,900 $306 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $3,330/month

Highlights

  • City View
  • Clubhouse
  • Contemporary Architecture
  • Open High School Rated A+
  • Deck
  • 3-minute walk to Patrick Henry Park

About This Home

As of April 2022

Can you say PENTHOUSE?!?! Welcome to Penthouse #3 in The Reserve Condos. The Reserve has all the charm of an older loft yet was built around 2007 and is the perfect blend of modern design and luxury. Located just two blocks from The Capitol Trail and the James River, within walking distance of a Pulse bus stop and some of Richmonds best restaurants - this condo has a huge amount to offer. Penthouse #3 features a GOURMET kitchen with a WOLF gas range, an open floor plan with FLOOR-TO-CEILING windows giving an abundance of natural light and TWO patios with an amazing view of the Richmond skyline! The family room has two story ceilings for a bright, airy feel and is centered by a gas fireplace. On the second level, the primary bedroom has two walk-in closets, a primary bathroom suite with double sinks, bathtub and walk-in shower! This bedroom has direct access to an INCREDIBLE rooftop patio where you can drink your morning coffee and take in the view of the City. The loft-style second bedroom is gloriously lit by an entire wall and has its own large closet. Parking is not an issue with this condo as it comes with TWO deeded parking spaces! Come see it for yourself!

Last Agent to Sell the Property

Lyndsay Jones

Keller Williams Realty License #0225187478 Listed on: 02/14/2022

Keller Williams Realty

Last Buyer's Agent

Amanda Dowler

Long & Foster REALTORS License #0225244998

Long & Foster REALTORS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,452

Year Built

  • Built in 2007

Lot Details

  • 1,337

HOA Fees

  • $420 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Modern Architecture
  • Brick Exterior Construction
  • Metal Siding

Interior Spaces

  • 1,338 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Loft
  • Wood Flooring
  • City Views
  • Stacked Washer and Dryer

Kitchen

  • <<OvenToken>>
  • Gas Cooktop
  • <<microwave>>
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Primary Bedroom
  • Walk-In Closet
  • 2 Full Bathrooms

Home Security

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Shed
  • Rear Porch

Schools

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

Utilities

  • Central Air
  • Heat Pump System
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number E000-0388-044

Community Details

Amenities

  • Community Deck or Porch
  • Common Area
  • Clubhouse
  • Elevator
  • Community Storage Space

Additional Features

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,452

Year Built

Built in 2007

Lot Details

0

HOA Fees

$420 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 2007
  • Property Attached Yn: Yes
  • Lot Size Acres: 0.0307
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Contemporary, Modern, Mid Rise
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Attached,Condominium
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Wood
  • Appliances: Dryer, Washer/Dryer Stacked, Dishwasher, Electric Water Heater, Gas Cooking, Disposal, Microwave, Oven, Refrigerator, Washer
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas
  • Fireplaces: 1
  • Fireplace: Yes
  • Interior Amenities: Balcony, Ceiling Fan(s), Cathedral Ceiling(s), Fireplace, Granite Counters, Kitchen Island, Loft, Bath in Primary Bedroom, Walk-In Closet(s)
  • Living Area: 1338.0
  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Other
  • Fencing: None
  • Pool Features: None
  • View: City
  • View: Yes
  • Waterfront: No
  • Construction Type: Brick, Metal Siding
  • Exterior Features: Deck, Storage, Shed
  • Patio And Porch Features: Rear Porch, Patio, Deck
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Assigned, Attached, Covered, Garage

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air, Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • Laundry Features: Washer Hookup, Dryer Hookup, Stacked
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Common Grounds/Area, Clubhouse, Deck/Porch, Elevator, Home Owners Association, Storage Facilities
  • Amenities: Management
  • Association Fee: 420.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Common Areas, Maintenance Structure, Sewer, Trash, Water

Schools

  • Middle Or Junior School: Martin Luther King Jr.

Lot Info

  • Parcel Number: E000-0388-044
  • Zoning Description: B-5
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 4452.0

MLS Schools

  • Elementary School: Bellevue
  • High School: Armstrong

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2016
Closed on
Jun 3, 2016
Sold by
Schumann Eric William
Bought by
Shumate Matthew Scott and Shumate Elizabeth C
Seller's Agent
Sarah Jarvis
Samson Properties
Buyer's Agent
Tom Weir
KW Metro Center
List Price
$325,000
Sold Price
$315,000
Premium/Discount to List
-$10,000
-3.08%
Current Estimated Value
$453,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,276
Avg. Annual Appreciation
4.14%
Original Mortgage
$283,500
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2012
Sold by
Shytle Hugh
Bought by
Schumann Eric W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$231,375
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2008
Sold by
Foundry Lofts Llc
Bought by
Shytle Hugh

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,200
Interest Rate
7.13%
Mortgage Type
New Conventional
Source: Public Records

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 Buyer Sale Price Title Company
Shumate Matthew Scott $315,000 Atlantic Coast Stlmnt Svcs
Schumann Eric W $308,500 --
Shytle Hugh $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blakemore Victoria Lee $363,900
Closed Shumate Matthew Scott $283,500
Previous Owner Schumann Eric W $231,375
Previous Owner Shytle Hugh T $359,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2022 04/01/22 Sold $409,900 0.0% $306 / Sq Ft
02/14/2022 02/14/22 Pending -- -- --
02/14/2022 02/14/22 For Sale $409,900 +30.1% $306 / Sq Ft
06/06/2016 06/06/16 Sold $315,000 -3.1% $235 / Sq Ft
04/25/2016 04/25/16 Pending -- -- --
03/21/2016 03/21/16 For Sale $325,000 -- $243 / 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 $4,872 $406,000 $55,000 $351,000
2024 $4,872 $406,000 $55,000 $351,000
2023 $4,452 $371,000 $55,000 $316,000
2022 $4,452 $371,000 $55,000 $316,000
2021 $4,236 $371,000 $55,000 $316,000
2020 $4,236 $353,000 $74,000 $279,000
2019 $4,116 $343,000 $60,000 $283,000
2018 $3,720 $310,000 $60,000 $250,000
2017 $3,720 $310,000 $60,000 $250,000
2016 $3,660 $305,000 $60,000 $245,000
2015 $3,660 $305,000 $60,000 $245,000
2014 $3,660 $305,000 $60,000 $245,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Central Virginia Regional MLS

MLS Number: 2203488

Central Virginia Regional MLS

APN: E000-0388-044