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1501 Terrace Ave, Hopewell, VA, 23860

$245,000

Home List Price

$2,909*

Closing Credit

4 Bedrooms
2 Full Baths, 1 Partial
1,488 SqFt
$165/SqFt
House
Schools Nearby

Location

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1501 Terrace Ave, Hopewell$245,000

Buyer Closing Credits

$2,909*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Off Street, Unfinished Garage, Unpaved
Garage1 space
Year Built1953
HeatingElectric, Heat Pump
CoolingCentral Air
FireplaceWood Burning
MLS #2406509
Lot Size0.28 Acres
StatusActive

About 1501 Terrace Ave

Come See this Beautiful 4/5 Bedroom All Brick Cape with 2.5 Baths located on a large corner lot. Boasting just under 1500 square feet and beautifully refinished hardwood floor throughout. Large family room with brick fireplace. New double pane vinyl insulated windows. Nice size eat in kitchen. First floor contains three bedrooms and one full bath. The second floor contains a room leading to the fourth bedroom. This would be a great playroom area. The half bath is located in the laundry room on the first level with entry directly from the outside by the back door. Ideally this would be used a bathroom after or during outside activities. Detached garage located at rear of house. SELLER OFFING $ 5,000.00 IN CLOSING COST ASSISTANCE.

Property Details

Property Features

Property Information:

  • Architectural Style: Cape Cod
  • Year Built: 1953
  • Living Area: 1,488 SqFt

Listing Office:

  • Office Name: Monument Realty Group LLC
  • Office Phone: (804) 641-4110
  • Listing Agent: Jeff Paris

Interior Features

Interior Information:

  • Appliances: Electric Water Heater
  • Basement: No
  • Flooring Type: Wood
  • Interior: Bedroom on Main Level, Main Level Primary
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Unpaved Driveway

Parking Information:

  • Garage Space: 1 space
  • Parking: Driveway, Off Street, Unfinished Garage, Unpaved

Lot Features

Lot Information:

  • Lot Size: 0.28 Acres

Utilities

Utilities Information:

  • Heating: Electric, Heat Pump
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Hopewell High School, Public District Grades 9-12
  • Carter G. Woodson Middle School, Public District Grades 6-8
  • Harry E. James Elementary School, Public District Grades KG-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $245,000
  • Price Per SqFt: $165/SqFt

Tax Information:

  • Annual Amount: $981
  • Tax Year: 2021
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Housing Market Comparison

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

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Hopewell, VA

City

Med. Sold Price

$235K

Med. Price/SqFt

$159

Avg. Days On Market

31

# of Sold Homes

30

1501 Terrace Ave vs Hopewell

43 DAYS ON ROCKET

+12 Days

$245,000

+$10K More

$165/SqFt

+$5 More

KEY TAKEAWAY

This property is $10K more than the Median Sold Price and $5/SqFt more than other homes in Hopewell, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CVR
  • MLS Number: #2406509

Listing Office:

  • Office Name: Monument Realty Group LLC
  • Office Phone: (804) 641-4110
  • Listing Agent: Jeff Paris

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: 4/29/2024, 2:25:16 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

May 19, 2011Home Sold
$60,000
Aug 18, 2008Home Sold
$129,900

Tax History

YEARPROP. TAXASSESSMENT
2021$981$98,100
2020$1,037$92,200
2019$1,042$92,200
2018$1,219$107,900
2017$1,219$107,900

History based on county public records data.

Payment Calculator

$1,290

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$801

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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-2793169
2
/10

  • Harry E. James Elementary School

  • 1807 Arlington Rd

  • 0.58 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2793170
3
/10

  • Carter G. Woodson Middle School

  • 1000 Winston Churchill Dr

  • 1.11 miles

  • Public District Grades 6-8

High School

school-card-donut-2793171
1
/10

  • Hopewell High School

  • 400 S Mesa Dr

  • 1.15 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 $33,608. The majority of Hopewell, VA residents have income less than $35k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1501 Terrace Ave

What is the listing price of this property?

The listing price of 1501 Terrace Ave property is $245,000.

What type of property is this?

The property 1501 Terrace Ave is a house located in Hopewell, Virginia, 23860.

Is this property for sale now?

Active Listing: 1501 Terrace Ave is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 1501 Terrace Ave are:
Harry E. James Elementary School: GreatSchools Rating 2/10
Carter G. Woodson Middle School: GreatSchools Rating 3/10
Hopewell High School: GreatSchools Rating 1/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $981 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 19, 2011 for $60,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 1501 Terrace Ave has 4 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 1501 Terrace Ave is 1,488 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1501 Terrace Ave is 1953.

Rocket Homes›Virginia›Hopewell›23860›1501 Terrace Ave

This home is located at 1501 Terrace Ave in Hopewell, VA and zip code 23860. This 1,488 square foot home, which was built in 1953, sits on a 0.28 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since March 16, 2024 and is currently priced at $245,000.

Over 12 listings were sold over their listed price in March 2024 in Hopewell, VA. In the same period over 9 listings were sold below the listed price and 9 listings were sold for the listed price. In March 2024 in Hopewell, VA there were 12% more homes for sale than in February 2024. In March 2024 median list price was $235,000 and the average listing age was 31 days.

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

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