15 days on rocket

Sale Pending

406 W Franklin St, Richmond, VA, 23220

$649,950

Home List Price

$7,718*

Closing Credit

0 Baths
2,150 SqFt
$302/SqFt
Multi
Schools Nearby

Location

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406 W Franklin St, Richmond$649,950

Buyer Closing Credits

$7,718*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingAssigned, Guest
Year Built1910
MLS #2412591
Lot Size0.03 Acres
StatusSale Pending
(Pending)

About 406 W Franklin St

You’ll find “The Carriage House” located in RVA’s bustling downtown scene where it’s an easy walk to restaurants, shopping, Monroe Park, VCU, Historic Tredegar and much more! It’s zoned by Richmond City as two tourist homes which makes utilizing sites like AirBnB and VRBO a relative breeze. The building was renovated in 2017, so there’s a nice blend of old world charm and modern conveniences. Each unit offers original hardwood floors, tall ceilings, replacement vinyl windows, white cabinets and SS appliances in the kitchen, in-unit washer/dryer, spacious bedrooms, and on-trend bathrooms. Plumbing, electrical, HVAC, and new walls were all completed during the 2017 renovation and the roof was replaced in 2022. “The Carriage House” offers up a lot of old Richmond charm, but it’s also a savvy move for investors looking to expand in the RVA market!

Property Details

Property Features

Property Information:

  • Architectural Style: Two Story
  • Year Built: 1910
  • Stories: 2
  • Living Area: 2,150 SqFt

Listing Office:

  • Office Name: Hometown Realty
  • Office Phone: (804) 249-2792
  • Listing Agent: Ernie Chamberlain

Interior Features

Interior Information:

  • Basement: No
  • Interior: Bedroom on Main Level, Breakfast Area, Ceiling Fan(s), Dining Area, Granite Counters, High Ceilings, Recessed Lighting

Exterior Features

Parking Information:

  • Parking: Assigned, Guest

Lot Features

Lot Information:

  • Lot Size: 0.03 Acres

School Info

Assigned Schools Information:

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

Other

Directions Information:

  • Directions: Take W Franklin and go by the Manor House located at 406 W Franklin. Go down to Madison St and make a left. Take the next left on W Grace. Take the first left onto Monroe St. Take the alley on your right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $649,950
  • Price Per SqFt: $302/SqFt
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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

$349.4K

Med. Price/SqFt

$220

Avg. Days On Market

20

# of Sold Homes

450

406 W Franklin St vs Richmond

15 DAYS ON ROCKET

-5 Days

$649,950

+$300.5K More

$302/SqFt

+$82 More

KEY TAKEAWAY

This property is $300.5K more than the Median Sold Price and $82/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: #2412591

Listing Office:

  • Office Name: Hometown Realty
  • Office Phone: (804) 249-2792
  • Listing Agent: Ernie Chamberlain

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: 6/1/2024, 9:20:33 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 13, 2018Home Sold
$434,000
May 25, 2006Home Sold
$1,130,000

History based on county public records data.

Payment Calculator

$3,311

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,015

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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-6720756
5
/10

  • William Fox Elementary School

  • 2300 Hanover Ave

  • 1.24 miles

  • Public District Grades PK-5

Middle School

school-card-donut-6720757
1
/10

  • Binford Middle School

  • 1701 Floyd Ave

  • 0.85 miles

  • Public District Grades 6-8

High School

school-card-donut-6720758
9
/10

  • Open High School

  • 600 S Pine St

  • 0.64 miles

  • Public District Grades 9-12

school-card-donut-6720759
9
/10

  • Richmond Community High School

  • 201 E Brookland Park Blvd

  • 1.94 miles

  • Public District Grades 9-12

school-card-donut-6720760
3
/10

  • Armstrong High School

  • 2300 Cool Ln

  • 2.41 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 $16,232. Residents of Richmond, VA typically earn less than $35k each year. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Richmond›23220›406 W Franklin St

This home is located at 406 W Franklin St in Richmond, VA and zip code 23220 in the Monroe Ward neighborhood. This 2,150 square foot home, which was built in 1910, sits on a 0.03 acre lot. It has been listed on Rocket Homes since May 17, 2024 and is currently priced at $649,950.

In May 2024 more than 252 listings in Richmond, VA were sold above the asking price. During the same period more than 88 listings were sold at asking price, while more than 106 were sold below. Between April 2024 and May 2024, Richmond, VA real estate market has seen increase in the number of listings by 6.1%. In May 2024 median list price was $349,407 and the average listing age was 20 days.

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

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