8 months on rocket

1503 Brook Rd, Richmond, VA, 23220

$995,000

Home List Price

$10,000*

Closing Credit

0 Baths
3,872 SqFt
$257/SqFt
Multi

Location

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1503 Brook Rd, Richmond$995,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingOn Street
Year Built1920
BasementYes
MLS #2404007
StatusActive

About 1503 Brook Rd

8 Unit building, Great Investment Opportunity in a great location close to two universities, VUU and VCU. Renovated 8 years ago, these 8 apartments are individually metered with Wood and tile floors, Granite countertops, dishwashers, Microwave, Washer & Dryers, Central Air and a fenced back yard. 100% Occupancy makes this a great opportunity for an investor. Tenants have been long term tenants, very little turn over.

Property Details

Property Features

Property Information:

  • Architectural Style: Two Story, Low Rise
  • Year Built: 1920
  • Stories: 2
  • Living Area: 3,872 SqFt

Listing Office:

  • Office Name: Long & Foster REALTORS
  • Office Phone: (804) 240-9925
  • Listing Agent: Anahita Johnson

Interior Features

Interior Information:

  • Appliances: Electric Water Heater
  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot: Corner Lot

School Info

Assigned Schools Information:

  • Richmond Community High School, Public District Grades 9-12
  • Open High School, Public District Grades 9-12
  • Thomas Jefferson High School, Public District Grades 9-12
  • Henderson Middle School, Public District Grades 6-8
  • George W. Carver Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Brook Road just east of the main post office.

Price Information

Listing Price Info

Price Summary:

  • List Price: $995,000
  • Price Per SqFt: $257/SqFt

Tax Information:

  • Annual Amount: $5,100
  • 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

$357.2K

Med. Price/SqFt

$225

Avg. Days On Market

26

# of Sold Homes

387

1503 Brook Rd vs Richmond

244 DAYS ON ROCKET

+218 Days

$995,000

+$637.7K More

$257/SqFt

+$32 More

KEY TAKEAWAY

This property is $637.7K more than the Median Sold Price and $32/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: #2404007

Listing Office:

  • Office Name: Long & Foster REALTORS
  • Office Phone: (804) 240-9925
  • Listing Agent: Anahita 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: 11/4/2024, 4:20:50 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 20, 2013Home Sold
$215,000
Oct 31, 2012Home Sold
$150,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,100$425,000
2020$2,760$425,000
2019$2,760$425,000
2018$2,760$425,000

History based on county public records data.

Payment Calculator

$5,034

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,050

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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-1804510
1
/10

  • George W. Carver Elementary School

  • 1110 W Leigh St

  • 0.25 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1804511
1
/10

  • Henderson Middle School

  • 4319 Old Brook Rd

  • 2.77 miles

  • Public District Grades 6-8

High School

school-card-donut-1804512
9
/10

  • Richmond Community High School

  • 201 E Brookland Park Blvd

  • 1.28 miles

  • Public District Grades 9-12

school-card-donut-1804513
9
/10

  • Open High School

  • 600 S Pine St

  • 1.34 miles

  • Public District Grades 9-12

school-card-donut-1804514
5
/10

  • Thomas Jefferson High School

  • 4100 W Grace St

  • 2.53 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 $21,689. The majority of Richmond, VA residents have income less than $35k annually. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Richmond›23220›1503 Brook Rd

This home is located at 1503 Brook Rd in Richmond, VA and zip code 23220 in the Chamberlayne Industrial Center neighborhood. This 3,872 square foot home was built in 1920. It has been listed on Rocket Homes since March 05, 2024 and is currently priced at $995,000.

Over 165 listings were sold over their listed price in October 2024 in Richmond, VA. In the same period over 137 listings were sold below the listed price and 81 listings were sold for the listed price. In October 2024 in Richmond, VA there were 5.8% more homes for sale than in September 2024. Listings spent 26 days on the market in October 2024, and had a median list price of $357,226 during the same period.

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

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