new - 2 days on rocket

2303 Parkwood Ave, Richmond, VA, 23220

$2,400,000

Home List Price

$10,000*

Closing Credit

0 Baths
5,715 SqFt
$420/SqFt
Multi

Location

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2303 Parkwood Ave, Richmond$2,400,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingAlley Access, No Garage, On Street
Year Built1920
BasementYes
ViewCity
MLS #2430827
StatusActive

About 2303 Parkwood Ave

Each apartment has 2 Bedrooms, Full Bath and kitchen with eating area, laundry plus an open gathering area for relaxing. Two apartment units on each floor. Terrific investor opportunity with great commuter and easy access to the nearby Byrd Park & restaurants, coffee shops which are located basically across the street. This Estate property has not been utilized to its full maximum potential in my opinion for several years and, appears to be well maintained operationally. Most of the units have long term tenants for many years at below current market value. Each apartment individual square footage will be up to the buyer to verify as what I visually observed differs slightly from current tax records. All units have individual gas & electric meters with window AC units.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial, Tri-Level
  • Year Built: 1920
  • Stories: 3
  • Living Area: 5,715 SqFt

Listing Office:

  • Office Name: Virginia Capital Realty
  • Office Phone: (804) 545-6300
  • Listing Agent: Beth Kane

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Bedroom on Main Level

Exterior Features

Exterior Information:

  • View: City
  • Exterior: Out Building(s)

Parking Information:

  • Parking: Alley Access, No Garage, On Street

Lot Features

Lot Information:

  • Lot: Level

Other

Directions Information:

  • Directions: East of Arthur Ashe Blvd & 1 block south of CARY St. I suggest taking Shields as Addison is under construction. Located just about corner of Addison & Parkwood across from Lamplighter & near community garden

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,400,000
  • Price Per SqFt: $420/SqFt

Tax Information:

  • Annual Amount: $9,024
  • 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

$359.9K

Med. Price/SqFt

$226

Avg. Days On Market

27

# of Sold Homes

318

2303 Parkwood Ave vs Richmond

2 DAYS ON ROCKET

-25 Days

$2,400,000

+$2.0M More

$420/SqFt

+$193 More

KEY TAKEAWAY

This property is $2.0M more than the Median Sold Price and $193/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: #2430827

Listing Office:

  • Office Name: Virginia Capital Realty
  • Office Phone: (804) 545-6300
  • Listing Agent: Beth Kane

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: 12/4/2024, 3:20:49 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$9,024$752,000
2020$9,024$752,000
2019$5,664$472,000
2018$5,664$472,000

History based on county public records data.

Payment Calculator

$12K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,262

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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.

Nearby Schools

school-card-donut-3821288
5
/10

  • William Fox Elementary School

  • 2300 Hanover Ave

  • 0.43 miles

  • Public District Grades KG-5

school-card-donut-3821289
4
/10

  • John B. Cary Elementary School

  • 3021 Maplewood Ave

  • 0.62 miles

  • Public District Grades KG-5

school-card-donut-3821290
1
/10

  • George W. Carver Elementary School

  • 1110 W Leigh St

  • 1.29 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,342. The majority of Richmond, VA residents have income less than $35k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Richmond›23220›2303 Parkwood Ave

This home is located at 2303 Parkwood Ave in Richmond, VA and zip code 23220 in the The Fan neighborhood. This 5,715 square foot home was built in 1920. It has been listed on Rocket Homes since December 01, 2024 and is currently priced at $2,400,000.

While more than 124 listings in Richmond, VA in November 2024 were sold above asking price, there were more than 80 listings sold at asking price, and more than 112 were sold below. The number of listings in Richmond, VA decreased by 7.4% between October 2024 and November 2024. While the average time on the market in November 2024 was 27 days, the median list price was $359,917.

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

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