4050 Forest Hill Ave Unit U3, Richmond, VA, 23225

Location

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4050 Forest Hill Ave Unit U3, Richmond$175,499

Buyer Closing Credits

$2,084^*

1.25% Loan Amount

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1 (855) 200-2001

Property Highlights

Home TypeCondominium

Year Built1961

HeatingHot Water, Natural Gas, Steam

CoolingCentral Air

MLS #2427969

StatusActive

About 4050 Forest Hill Ave Unit U3

Affordable Home! Perfect for first-time home buyer, Investor, or anyone looking to downsize to the simple life. This cute and cozy ground level 2 bed 1 bath condo is directly across from the beautifully scenic Forest Hill Park and minutes away from Downtown and VCU. Water, trash removal, ground maintenance, building exterior and parking lot maintenance, and heating and cooling maintenance are included in the monthly condo fee. Storage space is located in the basement and there is assigned parking.

Property Details

Property Features

Property Information:

Architectural Style: Colonial
Year Built: 1961
Stories: 1
Living Area: 695 SqFt

Listing Office:

Office Name: Lifelong Realty Inc
Office Phone: (804) 354-6000
Listing Agent: James Martin

Interior Features

Interior Information:

Basement: No
Flooring Type: Wood

Bedroom and Bathroom Information:

Full Bathrooms: 1
Total Bedroom Count: 2

Exterior Features

Exterior Information:

Private Pool: No

Utilities

Utilities Information:

Heating: Hot Water, Natural Gas, Steam
Cooling: Central Air

Other

Directions Information:

Directions: Forest Hill AVE, across from Forest Hill Park.

Price Information

Listing Price Info

Price Summary:

List Price: $175,499
Price Per SqFt: $253/SqFt

HOA Fees:

Amount: $397
Frequency: Monthly

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Housing Market Comparison

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

Richmond, VA

City

Med. Sold Price

$359.9K

Med. Price/SqFt

$226

Avg. Days On Market

# of Sold Homes

318

4050 Forest Hill Ave Unit U3 vs Richmond

58 DAYS ON ROCKET

+31 Days

$175,499

-$184.4K Less

$253/SqFt

+$26 More

KEY TAKEAWAY

This property is $184.4K less than the Median Sold Price and $26/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: #2427969

Listing Office:

Office Name: Lifelong Realty Inc
Office Phone: (804) 354-6000
Listing Agent: James Martin

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: 12/23/2024, 2:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Mortgage Insurance

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Homeowners Insurance

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Monthly Premium

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Homeowners Association (HOA)

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Rate/APR

7.5% / 6.68%

Total Monthly Payment

$593

NMLS#3030

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

/10

Patrick Henry School of Science and Arts
3411 Semmes Ave
Distance between this listing and this school0.39 miles
Public Charter Grades KG-5

/10

Swansboro Elementary School
3160 Midlothian Tpke
Distance between this listing and this school0.70 miles
Public District Grades KG-5

/10

Westover Hills Elementary School
1211 Jahnke Rd
Distance between this listing and this school0.90 miles
Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

How much money do the neighbors make?

65%

<35k

28%

35k-100k

100k-200k

200k+

What level of education do the neighbors have?

High School: 55%
Post Secondary: 36%
Masters: 7%
No High School: 1%
Doctorate: 1%

What types of families live nearby?

69%

Single, No Kids

15%

Single, with Kids

10%

Married, No Kids

Married, with Kids

Are the neighbors home owners or renters?

Renters: 83%
Home Owners: 17%

How old are people in this area?

12%

<11 yrs old

12-17 yrs old

29%

18-34 yrs old

42%

35-64 yrs old

12%

65+ yrs old

What do the neighbors do for fun?

UFC
Pro Wrestling
Figure Skating

Where do the neighbors shop?

Family Dollar
Burlington
Express/Express For Men

Where do the neighbors go to eat?

Burger King
Cicis Pizza
Church's Chicken

What do the neighbors drive?

Buick
Pontiac
Cadillac

What do the neighbors listen to?

Urban Contemporary
Jazz
Contemporary Inspirational

The neighbors living near this home have an average income of $26,673. Most Richmond, VA residents have annual incomes less than $35k. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4050 Forest Hill Ave Unit U3

What is the listing price of this property?

The listing price of 4050 Forest Hill Ave Unit U3 property is $175,499.

What type of property is this?

The property 4050 Forest Hill Ave Unit U3 is a condo located in Richmond, Virginia, 23225.

Is this property for sale now?

Active Listing: 4050 Forest Hill Ave Unit U3 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 4050 Forest Hill Ave Unit U3 has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 4050 Forest Hill Ave Unit U3 is 695 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4050 Forest Hill Ave Unit U3 is 1961.

Rocket Homes›Virginia›Richmond›23225›4050 Forest Hill Ave Unit U3

This home is located at 4050 Forest Hill Ave Unit U3 in Richmond, VA and zip code 23225 in the South Side neighborhood. This 695 square foot home was built in 1961. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 25, 2024 and is currently priced at $175,499.

Richmond, VA housing market in November 2024 saw over 124 listings sold above listed price, more than 80 sold at listed price and over 112 sold below. The number of homes for sale in Richmond, VA decreased by 7.4% between October 2024 and November 2024. Listings spent 27 days on the market in November 2024, and had a median list price of $359,917 during the same period.

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

Location

Property Highlights

Property Details

Property Features

Interior Features

Exterior Features

Utilities

Other

Price Information

Listing Price Info

Housing Market Comparison

MLS Details

Property Sales & Tax

Payment Calculator

Schools

Schools Nearby

Neighborhood

What Are The Neighbors Like?

Frequently Asked Questions About 4050 Forest Hill Ave Unit U3

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