2 months on rocket

840 Commerce St, Petersburg, VA, 22803

$335,000

Home List Price

$3,978*

Closing Credit

0 Baths
1,800 SqFt
$186/SqFt
Multi

Location

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840 Commerce St, Petersburg$335,000

Buyer Closing Credits

$3,978*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1860
MLS #2421910
StatusActive

About 840 Commerce St

This beautifully renovated historic duplex will leave you awestruck. 840 Commerce Street offers a unique blend of historic charm and modern amenities. Completely renovated from top to bottom, this home features stunning granite countertops and beautiful floors throughout. Petersburg, VA, is experiencing a renaissance, making it an ideal location for investment. The house is currently bringing in $1,900 per month in rental income, providing a steady stream of revenue. With its prime location and exquisite updates, this property is a gem in the heart of Petersburg. And the best part, the house comes with a 5 year tax abatement! Unit A: 3 bedrooms and 1 bathroom Unit B: 1 bedroom and 1 bathroom

Property Details

Property Features

Property Information:

  • Architectural Style: Two Story
  • Year Built: 1860
  • Stories: 2
  • Living Area: 1,800 SqFt

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (804) 729-5188
  • Listing Agent: Derwin Kinston

Interior Features

Interior Information:

  • Basement: No

School Info

Assigned Schools Information:

  • Petersburg High School, Public District Grades 10-12
  • Peabody Middle School, Public District Grades 6-7
  • J.E.B. Stuart Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $335,000
  • Price Per SqFt: $186/SqFt

Tax Information:

  • Annual Amount: $555
  • Tax Year: 2021
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Housing Market Comparison

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

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Petersburg, VA

City

Med. Sold Price

$239.3K

Med. Price/SqFt

$167

Avg. Days On Market

35

# of Sold Homes

53

840 Commerce St vs Petersburg

75 DAYS ON ROCKET

+40 Days

$335,000

+$95.7K More

$186/SqFt

+$18 More

KEY TAKEAWAY

This property is $95.7K more than the Median Sold Price and $18/SqFt more than other homes in Petersburg, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CVR
  • MLS Number: #2421910

Listing Office:

  • Office Name: EXP Realty LLC
  • Office Phone: (804) 729-5188
  • Listing Agent: Derwin Kinston

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, 10:20:50 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$555$53,500
2019$361$53,500
2018$722$53,500
2017$555$41,100

History based on county public records data.

Payment Calculator

$1,739

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,071

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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.

Elementary School

school-card-donut-2050323
1
/10

  • J.E.B. Stuart Elementary School

  • 100 Pleasants Ln

  • 1.17 miles

  • Public District Grades PK-5

Middle School

school-card-donut-2050324
3
/10

  • Peabody Middle School

  • 725 Wesley St

  • 0.72 miles

  • Public District Grades 6-7

High School

school-card-donut-2050325
3
/10

  • Petersburg High School

  • 3101 Johnson Rd

  • 2.94 miles

  • Public District Grades 10-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,976. The most common annual income of people living in Petersburg, VA is less than $35k. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Petersburg›22803›840 Commerce St

This home is located at 840 Commerce St in Petersburg, VA and zip code 22803. This 1,800 square foot home was built in 1860. It has been listed on Rocket Homes since August 21, 2024 and is currently priced at $335,000.

While more than 16 listings in Petersburg, VA in October 2024 were sold above asking price, there were more than 16 listings sold at asking price, and more than 20 were sold below. In October 2024 in Petersburg, VA there were 6.6% more homes for sale than in September 2024. While the average time on the market in October 2024 was 35 days, the median list price was $239,300.

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

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