1 month on rocket

3121 Hanover Ave, Richmond, VA, 23221

$775,000

Home List Price

$9,203*

Closing Credit

0 Baths
2,820 SqFt
$275/SqFt
Multi

Location

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3121 Hanover Ave, Richmond$775,000

Buyer Closing Credits

$9,203*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingOn Street
Year Built1922
BasementYes
MLS #2425964
Lot Size0.07 Acres
StatusActive

About 3121 Hanover Ave

Move-in ready duplex in the heart of the Museum District. All the charm with gorgeous hardwood floors, high ceilings, front porch and balcony. Each unit is about 1410 sq ft with separate meters. Just renovated with new roof membrane in 2022, new vinyl windows, A/C and bathrooms in 2023. Both units have been freshly painted inside. First floor unit has central heat and air with three bedrooms, one is accessed through the back bedroom, so its perfect for an office, nursery or private sitting room. There is an eat in kitchen with pantry, hall bath and access to the basement and side entrance. Two large living areas separated by French doors are perfect for roommates to each have their own space. There is a laundry room with door to the fenced back yard. Upstairs unit has a foyer to keep bikes and strollers, a bonus area at the top of the steps, two large living areas with French doors between, kitchen, dining room, pantry, three bedrooms or use back bedroom as a flex space. Five mini splits (2023) provide the heat and A/C. Laundry is in the back hall which also has access to the basement and side entrance. This is a perfect opportunity for an owner occupant to have a tenant pay part of the mortgage, both units are vacant.

Property Details

Property Features

Property Information:

  • Architectural Style: Two Story
  • Year Built: 1922
  • Stories: 2
  • Living Area: 2,820 SqFt

Listing Office:

  • Office Name: Acorn Realty Services
  • Office Phone: (305) 393-4015
  • Listing Agent: Leigh Burleson

Interior Features

Interior Information:

  • Appliances: Gas Water Heater, Water Heater
  • Basement: Yes
  • Interior: Bedroom on Main Level, French Door(s)/Atrium Door(s), High Ceilings, Main Level Primary, Pantry

Exterior Features

Parking Information:

  • Parking: On Street

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.07 Acres

Other

Directions Information:

  • Directions: From Arthur Ashe Blvd, go west on Grove Ave, turn right on N Belmont Ave, left on Hanover Ave, building is on the left

Price Information

Listing Price Info

Price Summary:

  • List Price: $775,000
  • Price Per SqFt: $275/SqFt

Tax Information:

  • Annual Amount: $4,620
  • Tax Year: 2021
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Housing Market Comparison

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

Med. Sold Price

$357.2K

Med. Price/SqFt

$225

Avg. Days On Market

26

# of Sold Homes

387

3121 Hanover Ave vs Richmond

30 DAYS ON ROCKET

+4 Days

$775,000

+$417.7K More

$275/SqFt

+$50 More

KEY TAKEAWAY

This property is $417.7K more than the Median Sold Price and $50/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: #2425964

Listing Office:

  • Office Name: Acorn Realty Services
  • Office Phone: (305) 393-4015
  • Listing Agent: Leigh Burleson

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: 11/17/2024, 10:20:49 PM 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$4,620$395,000
2020$4,619$385,000
2019$3,876$354,000
2018$3,876$323,000

History based on county public records data.

Payment Calculator

$3,935

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,390

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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-570012
5
/10
  • William Fox Elementary School

  • 2300 Hanover Ave

  • 0.61 miles

  • Public District Grades KG-5

school-card-donut-570013
4
/10
  • John B. Cary Elementary School

  • 3021 Maplewood Ave

  • 0.66 miles

  • Public District Grades KG-5

school-card-donut-570014
6
/10
  • Mary Munford Elementary School

  • 211 Westmoreland St

  • 1.25 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $48,070. Most Richmond, VA residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas


Rocket Homes›Virginia›Richmond›23221›3121 Hanover Ave

This home is located at 3121 Hanover Ave in Richmond, VA and zip code 23221 in the West End neighborhood. This 2,820 square foot home, which was built in 1922, sits on a 0.07 acre lot. It has been listed on Rocket Homes since October 18, 2024 and is currently priced at $775,000.

Richmond, VA housing market in October 2024 saw over 165 listings sold above listed price, more than 81 sold at listed price and over 137 sold below. The inventory of homes for sale in Richmond, VA between September 2024 and October 2024 increased by 5.8%. In October 2024 median list price was $357,226 and the average listing age was 26 days.

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

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