5 months on rocket

401 W 7th St, Richmond, VA, 23224

$959,000

Home List Price

$10,000*

Closing Credit

3 Bedrooms
3 Full Baths, 1 Partial
3,068 SqFt
$313/SqFt
Townhouse

Location

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401 W 7th St, Richmond$959,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
ParkingAttached, Finished Garage, Garage, Garage Door Opener, Oversized, Garage Faces Rear, On Street
Attached Garage2 spaces
Year BuiltNew Const., 2024
HeatingElectric, Heat Pump, Natural Gas, Zoned
CoolingCentral Air, Electric, Zoned
FireplaceGas, Masonry
MLS #2413917
StatusActive

About 401 W 7th St

MOVE IN READY! This Southaven is a 4-story end unit second floor entry townhome. On the first floor you will find your 2-car rear load garage, as well a bedroom and full bath. You can take your personal elevator to any floor you choose, but first head on up to the second floor where you will find the main entry door to your home, along with your kitchen that has a large island opening right to the spacious family room with fireplace. A dining room completes the floor. The third floor has is an entire owner's suite with large primary bathroom and huge walk-in closet and laundry room! The fourth floor will have an additional bedroom and full bath, as well as a spacious media room that leads out to a large outdoor terrace. Enjoy beautiful views of the city and river from your terrace while sipping on your morning coffee or enjoying some evening appetizers and the sunset.

Property Details

Property Features

Property Information:

  • Architectural Style: Row House
  • Year Built: 2024
  • Stories: 4
  • Living Area: 3,068 SqFt

Listing Office:

  • Office Name: Eagle Realty of Virginia
  • Office Phone: (804) 741-4663
  • Listing Agent: Scott Walker

Interior Features

Interior Information:

  • Appliances: Cooktop, Dishwasher, Exhaust Fan, Gas Range, Disposal, Gas Water Heater, Oven, Range, Refrigerator, Tankless Water Heater
  • Basement: No
  • Flooring Type: Ceramic Tile, Partially Carpeted, Wood
  • Interior: Bedroom on Main Level, Separate/Formal Dining Room, Double Vanity, French Door(s)/Atrium Door(s), Granite Counters, High Ceilings, High Speed Internet, Kitchen Island, Bath in Primary Bedroom, Pantry, Recessed Lighting, Cable TV, Wired for Data, Walk-In Closet(s)
  • Fireplace: Gas, Masonry

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Lighting

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: Yes
  • Parking: Attached, Finished Garage, Garage, Garage Door Opener, Oversized, Garage Faces Rear, On Street

Virtual/3D Tour

  • 3D Tour: 401 W 7th St
3D Tour

Utilities

Utilities Information:

  • Heating: Electric, Heat Pump, Natural Gas, Zoned
  • Cooling: Central Air, Electric, Zoned

School Info

Assigned Schools Information:

  • Open High School, Public District Grades 9-12
  • Franklin Military Academy, Public District Grades 6-12
  • Armstrong High School, Public District Grades 9-12
  • Martin Luther King Jr. Middle School, Public District Grades 6-8
  • Blackwell Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From I-64E toward Richmond, take186 for I-195S toward Downtown. Take 7th St exit toward 9th St/US-60. Keep right to take the ramp toward 9th Street/Manchester. Cross Manchester Bridge. Community is next to Legends.

Price Information

Listing Price Info

Price Summary:

  • List Price: $959,000
  • Price Per SqFt: $313/SqFt

HOA Fees:

  • Amount: $210
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $1,800
  • 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

401 W 7th St vs Richmond

157 DAYS ON ROCKET

+131 Days

$959,000

+$601.7K More

$313/SqFt

+$88 More

KEY TAKEAWAY

This property is $601.7K more than the Median Sold Price and $88/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: #2413917

Listing Office:

  • Office Name: Eagle Realty of Virginia
  • Office Phone: (804) 741-4663
  • Listing Agent: Scott Walker

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: 11/5/2024, 8:20:50 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$1,800$150,000
2020$1,800$150,000

History based on county public records data.

Payment Calculator

$5,064

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,942

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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-1892057
1
/10

  • Blackwell Elementary School

  • 1600 Everett St

  • 0.73 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1892058
1
/10

  • Martin Luther King Jr. Middle School

  • 1000 Mosby St

  • 1.64 miles

  • Public District Grades 6-8

High School

school-card-donut-1892059
9
/10

  • Open High School

  • 600 S Pine St

  • 0.82 miles

  • Public District Grades 9-12

school-card-donut-1892060
7
/10

  • Franklin Military Academy

  • 701 N 37th St

  • 2.18 miles

  • Public District Grades 6-12

school-card-donut-1892061
3
/10

  • Armstrong High School

  • 2300 Cool Ln

  • 2.78 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 $29,557. Typical income of Richmond, VA residents is less than $35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 401 W 7th St

What is the listing price of this property?

The listing price of 401 W 7th St property is $959,000.

What type of property is this?

The property 401 W 7th St is a townhouse located in Richmond, Virginia, 23224.

Is this property for sale now?

Active Listing: 401 W 7th St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 401 W 7th St are:
Blackwell Elementary School: GreatSchools Rating 1/10
Martin Luther King Jr. Middle School: GreatSchools Rating 1/10
Open High School: GreatSchools Rating 9/10
Franklin Military Academy: GreatSchools Rating 7/10
Armstrong High School: GreatSchools Rating 3/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,800 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 401 W 7th St has 3 bedrooms and 3 full and 1 half bathrooms.

What is the square footage of this property?

The property 401 W 7th St is 3,068 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 401 W 7th St is 2024.

Rocket Homes›Virginia›Richmond›23224›401 W 7th St

This home is located at 401 W 7th St in Richmond, VA and zip code 23224 in the South Side neighborhood. This 3,068 square foot home was built in 2024. Features: 3 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since May 31, 2024 and is currently priced at $959,000.

In October 2024 more than 165 listings in Richmond, VA were sold above the asking price. During the same period more than 81 listings were sold at asking price, while more than 137 were sold below. The number of homes for sale in Richmond, VA increased by 5.8% between September 2024 and October 2024. In October 2024, listings were on the market for 26 days. During the same period, the median list price in this real estate market was $357,226.

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

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