$639,950 New Construction
- 3 Beds
- 3.5 Baths
- 2,132 Sq Ft
308 N Hamilton St, Richmond, VA 23221
Ernie Chamberlain
Hometown Realty
(804) 889-2534
Frequently Asked Questions
Is Colonial Place a good place to live?
Colonial Place is a good place to live. Colonial Place is considered car-dependent and somewhat bikeable with some transit options. Colonial Place is a suburban neighborhood. Colonial Place has 5 parks for recreational activities. It is somewhat dense in population with 8.8 people per acre and a median age of 39. The average household income is $161,685 which is above the national average. College graduates make up 81.1% of residents. A majority of residents in Colonial Place are home owners, with 31% of residents renting and 69% of residents owning their home. A local real estate agent serving Colonial Place can help you decide if this neighborhood is the right one for you. Learn more on our Colonial Place neighborhood guide.
How much do you need to make to afford a house in Colonial Place?
The median home price in Colonial Place is $744,000. If you put a 20% down payment of $148,800 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $3,700 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $159K a year to afford the median home price in Colonial Place. The average household income in Colonial Place is $162K.
What are the best public schools in Colonial Place?
The best public schools that serve Colonial Place are:
- Open High School has an A+ Niche grade, a student teacher ratio of 12:1 and an average review score of 4.2.
- Mary Munford Elementary School has an A- Niche grade and a student teacher ratio of 22:1.
- Albert Hill Middle has a B Niche grade, a student teacher ratio of 16:1 and an average review score of 3.2.
What are the best private schools in Colonial Place?
The best private schools that serve Colonial Place are:
- Saint Benedict Catholic School has an A+ Niche grade, a student teacher ratio of 16:1 and an average review score of 5.0.
- St Christopher's School has an A+ Niche grade, a student teacher ratio of 9:1 and an average review score of 4.6.
- St. Catherine's School has an A+ Niche grade, a student teacher ratio of 8:1 and an average review score of 4.3.
What are the most popular zip codes in Colonial Place, Richmond, VA?
What are the most popular neighborhoods near Colonial Place, Richmond, VA?
The most popular neighborhoods near Colonial Place, Richmond, VA are Malvern Gardens, Mary Munford, The Museum District, Sauer's Gardens and Willow Lawn.
