2 months on rocket

2603 W Grace St, Richmond, VA, 23220

$600,000

Home List Price

$7,125*

Closing Credit

0 Baths
1,518 SqFt
$395/SqFt
Multi

Location

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2603 W Grace St, Richmond$600,000

Buyer Closing Credits

$7,125*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
ParkingAlley Access, Off Street
Year Built1958
MLS #2428193
Lot Size0.11 Acres
StatusActive

About 2603 W Grace St

Mixed use property in the Fan! Discover an exceptional investment opportunity with this mixed-use building zoned R-48, ideally located near the bustling intersection of Boulevard and Broad St. This property features two cozy efficiency apartments, each approximately 380 sqft and currently generating monthly rental income of $1,050 and $1,100. In addition, there is a versatile business office space, formerly a dentist office, spanning around 760 sqft. This area, which consists of six rooms and a half bathroom, offers the potential for conversion into a third apartment, maximizing your rental income. With a convenient rear parking lot accommodating 4-5 vehicles, accessibility is a breeze for both tenants and clients. Don’t miss out on this prime property that combines residential and commercial potential in a sought-after location! 24 hour notice required to show.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1958
  • Stories: 1
  • Living Area: 1,518 SqFt

Listing Office:

  • Office Name: ERA Woody Hogg & Assoc
  • Office Phone: (804) 559-4644
  • Listing Agent: Bryan Boykin

Interior Features

Interior Information:

  • Appliances: Gas Water Heater
  • Basement: No
  • Interior: Bedroom on Main Level

Exterior Features

Exterior Information:

  • Exterior: Awning(s), Lighting, Storage, Shed

Parking Information:

  • Parking: Alley Access, Off Street

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Price Information

Listing Price Info

Price Summary:

  • List Price: $600,000
  • Price Per SqFt: $395/SqFt

Tax Information:

  • Annual Amount: $5,448
  • 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

2603 W Grace St vs Richmond

65 DAYS ON ROCKET

+38 Days

$600,000

+$240K More

$395/SqFt

+$168 More

KEY TAKEAWAY

This property is $240K more than the Median Sold Price and $168/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: #2428193

Listing Office:

  • Office Name: ERA Woody Hogg & Assoc
  • Office Phone: (804) 559-4644
  • Listing Agent: Bryan Boykin

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: 12/31/2024, 5:20:53 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$5,448$454,000
2020$2,724$454,000
2019$4,500$407,000
2018$4,500$375,000

History based on county public records data.

Payment Calculator

$3,062

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,865

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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-2288030
5
/10

  • William Fox Elementary School

  • 2300 Hanover Ave

  • 0.36 miles

  • Public District Grades KG-5

school-card-donut-2288031
4
/10

  • John B. Cary Elementary School

  • 3021 Maplewood Ave

  • 1.10 miles

  • Public District Grades KG-5

school-card-donut-2288032
1
/10

  • George W. Carver Elementary School

  • 1110 W Leigh St

  • 1.13 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 $38,423. Most Richmond, VA residents have annual incomes less than $35k. Residents typically live in single, no kids family. 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›2603 W Grace St

This home is located at 2603 W Grace St in Richmond, VA and zip code 23220 in the The Fan neighborhood. This 1,518 square foot home, which was built in 1958, sits on a 0.11 acre lot. It has been listed on Rocket Homes since October 26, 2024 and is currently priced at $600,000.

Over 124 listings were sold over their listed price in November 2024 in Richmond, VA. In the same period over 112 listings were sold below the listed price and 80 listings were sold for the listed price. 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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