12 days on rocket

Sale Pending

1116 W Ave, Richmond, VA, 23220

$769,000

Home List Price

$9,132*

Closing Credit

0 Baths
2,684 SqFt
$287/SqFt
Multi
Schools Nearby

Location

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1116 W Ave, Richmond$769,000

Buyer Closing Credits

$9,132*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOff Street
Year Built1920
BasementYes
MLS #2410553
Lot Size0.06 Acres
StatusSale Pending
(Pending)

About 1116 W Ave

Stylish Duplex located on sophisticated West Ave in the heart of The Fan District. Amazing upstairs unit was once an owner's residence with thoughtfully designed layout with excellent use of space. The open concept living spaces feature large dining area, family room with handsome built-ins and French door access to the deck. The Kitchen features gas cooking, Sub-Zero refrigerator and amazing cabinet storage, plus a glass eat-in area. Front primary bedroom includes wonderful closet space as well as a luxurious bath with Ipe Wood accents in the shower. Rear bedroom shares the hall bath. Upstairs unit also has a super cool Hydronic Radiant Floor system for toasty floors on your bare feet! Lower level unit has 3 bedrooms, open concept kitchen/family room with outdoor access to the fenced brick terrace and off street parking area. If you are looking for a solid investment with wonderful rental income potential on one of the best streets in the city, you need to see this property.

Property Details

Property Features

Property Information:

  • Architectural Style: Two Story
  • Year Built: 1920
  • Stories: 2
  • Living Area: 2,684 SqFt

Listing Office:

  • Office Name: Coldwell Banker Avenues
  • Office Phone: (804) 288-4163
  • Listing Agent: Graham Johnson

Interior Features

Interior Information:

  • Appliances: Gas Water Heater
  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Off Street

Lot Features

Lot Information:

  • Lot Size: 0.06 Acres

School Info

Assigned Schools Information:

  • Open High School, Public District Grades 9-12
  • Richmond Community High School, Public District Grades 9-12
  • Thomas Jefferson High School, Public District Grades 9-12
  • Binford Middle School, Public District Grades 6-8
  • William Fox Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $769,000
  • Price Per SqFt: $287/SqFt

Tax Information:

  • Annual Amount: $5,820
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Richmond, VA.

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Richmond, VA

City

Med. Sold Price

$346.3K

Med. Price/SqFt

$218

Avg. Days On Market

18

# of Sold Homes

376

1116 W Ave vs Richmond

12 DAYS ON ROCKET

-6 Days

$769,000

+$422.6K More

$287/SqFt

+$69 More

KEY TAKEAWAY

This property is $422.6K more than the Median Sold Price and $69/SqFt more than other homes in Richmond, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CVR
  • MLS Number: #2410553

Listing Office:

  • Office Name: Coldwell Banker Avenues
  • Office Phone: (804) 288-4163
  • Listing Agent: Graham Johnson

IDX All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2024 Central Virginia Regional Multiple Listing Service,LLC. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/9/2024, 8:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 19, 1998Home Sold
$205,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,820$489,000
2020$3,017$485,000
2019$5,292$467,000
2018$5,292$441,000

History based on county public records data.

Payment Calculator

$3,906

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,372

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-9197286
4
/10

  • William Fox Elementary School

  • 2300 Hanover Ave

  • 0.70 miles

  • Public District Grades PK-5

Middle School

school-card-donut-9197287
3
/10

  • Binford Middle School

  • 1701 Floyd Ave

  • 0.38 miles

  • Public District Grades 6-8

High School

school-card-donut-9197288
10
/10

  • Open High School

  • 600 S Pine St

  • 0.92 miles

  • Public District Grades 9-12

school-card-donut-9197289
10
/10

  • Richmond Community High School

  • 201 E Brookland Park Blvd

  • 2.01 miles

  • Public District Grades 9-12

school-card-donut-9197290
3
/10

  • Thomas Jefferson High School

  • 4100 W Grace St

  • 2.22 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $14,203. Most Richmond, VA residents have annual incomes less than $35k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Richmond›23220›1116 W Ave

This home is located at 1116 W Ave in Richmond, VA and zip code 23220 in the The Fan neighborhood. This 2,684 square foot home, which was built in 1920, sits on a 0.06 acre lot. It has been listed on Rocket Homes since April 26, 2024 and is currently priced at $769,000.

While more than 201 listings in Richmond, VA in April 2024 were sold above asking price, there were more than 89 listings sold at asking price, and more than 85 were sold below. In April 2024 in Richmond, VA there were 10% more homes for sale than in March 2024. While the average time on the market in April 2024 was 18 days, the median list price was $346,381.

From Rocket Homes Real Estate and based on county public records data.

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