1 month on rocket

705 Terrace Ave, Hopewell, VA, 23860

$275,000

Home List Price

$3,266*

Closing Credit

5 Bedrooms
2 Full Baths
1,965 SqFt
$140/SqFt
House

Location

Image provided by Mapbox

Get An Agent. Get A Mortgage.

Save BIG.

Rocket Homes logo

705 Terrace Ave, Hopewell$275,000

Buyer Closing Credits

$3,266*

1.25% Loan Amount

Rocket Homes logo

Still Have Questions? Contact Us.

Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Off Street, Paved
Year Built1946
HeatingElectric, Heat Pump
CoolingCentral Air
BasementYes
FireplaceMasonry
MLS #2425022
Lot Size0.26 Acres
StatusActive

About 705 Terrace Ave

Back on the market due to no fault of the seller! Helping you find home in beautiful Hopewell, Virginia. This home is the perfect place to welcome friends and family. This corner lot offers two driveways and multiple entrances to the home making it convenient for groceries or visitors alike. The fenced yard is the perfect addition for your furry friends to run and play. Inside this brick cape cod home you will find several updates and modern conveniences. The spacious living room offers a grand fireplace with electric insert to keep you warm and cozy on those cold winter nights. Through the dining room, you will find an updated kitchen with granite countertops and white cabinets with plenty of space. To the left of the dining room are two bedrooms and the main floor bathroom. Also updated with a new vanity and lots of character. Upstairs you will find two additional spacious bedrooms with the 2nd bathroom. But wait! There’s more….downstairs, this home offers a full basement with so much storage and usable space you won’t be able to fill it! Come see this charming home today and solidify yourself as a homeowner with this gem.

Property Details

Property Features

Property Information:

  • Architectural Style: Cape Cod
  • Year Built: 1946
  • Living Area: 1,965 SqFt

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (804) 930-4645
  • Listing Agent: Kristin Wood

Interior Features

Interior Information:

  • Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Stove, Washer
  • Basement: Yes
  • Flooring Type: Wood
  • Interior: Bedroom on Main Level, Ceiling Fan(s), Dining Area, Laminate Counters
  • Fireplace: Masonry

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Paved Driveway

Parking Information:

  • Parking: Driveway, Off Street, Paved

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.26 Acres

Utilities

Utilities Information:

  • Heating: Electric, Heat Pump
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $275,000
  • Price Per SqFt: $140/SqFt

Tax Information:

  • Annual Amount: $1,739
  • Tax Year: 2021
House and calculator

What can I afford?

Understand what home price range makes sense for your budget.

Housing Market Comparison

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

Map thumbnail provided by MapBox

Hopewell, VA

City

Med. Sold Price

$239.9K

Med. Price/SqFt

$167

Avg. Days On Market

27

# of Sold Homes

30

705 Terrace Ave vs Hopewell

41 DAYS ON ROCKET

+14 Days

$275,000

+$35K More

$140/SqFt

-$27 Less

KEY TAKEAWAY

This property is $35K more than the Median Sold Price and $27/SqFt less than other homes in Hopewell, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CVR
  • MLS Number: #2425022

Listing Office:

  • Office Name: Keller Williams Realty
  • Office Phone: (804) 930-4645
  • Listing Agent: Kristin Wood

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: 11/21/2024, 12:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 16, 2018Home Sold
$150,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,739$173,900
2020$1,575$139,400
2019$1,575$139,400
2018 - $122,300
2017$1,382$122,300

History based on county public records data.

Payment Calculator

$1,440

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$891

Powered By

Rocket Mortgage

Advertisement

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

school-card-donut-290756
5
/10

  • Patrick Copeland Elementary School

  • 400 Westhill Rd

  • 0.82 miles

  • Public District Grades PK-5

school-card-donut-290757
4
/10

  • Harry E. James Elementary School

  • 1807 Arlington Rd

  • 0.94 miles

  • Public District Grades KG-5

school-card-donut-290758
5
/10

  • Dupont Elementary School

  • 300 S 18th Ave

  • 0.98 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 $52,281. Residents of Hopewell, VA typically earn between $35k-100k each year. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 705 Terrace Ave

What is the listing price of this property?

The listing price of 705 Terrace Ave property is $275,000.

What type of property is this?

The property 705 Terrace Ave is a house located in Hopewell, Virginia, 23860.

Is this property for sale now?

Active Listing: 705 Terrace Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,739 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 16, 2018 for $150,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 705 Terrace Ave has 5 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 705 Terrace Ave is 1,965 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 705 Terrace Ave is 1946.

Rocket Homes›Virginia›Hopewell›23860›705 Terrace Ave

This home is located at 705 Terrace Ave in Hopewell, VA and zip code 23860. This 1,965 square foot home, which was built in 1946, sits on a 0.26 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 10, 2024 and is currently priced at $275,000.

Hopewell, VA housing market in October 2024 saw over 9 listings sold above listed price, more than 11 sold at listed price and over 10 sold below. The number of homes for sale in Hopewell, VA increased by 23.3% between September 2024 and October 2024. Listings spent 27 days on the market in October 2024, and had a median list price of $239,950 during the same period.

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

More Resources