3007 Letcher Ave, Richmond, VA 23222

2 beds1 bath1,324 sqft Edit

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Sold: $1,731,837
Sold on 04/29/15
Zestimate®: $71,969
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A Zestimate® home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

My Notes

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Check out this great investor special! This great two story two bedroom one bath home is a wonderful income producing property, already rented to a sec 8 tenant. GUARANTEED RENT form Richmond Redevelopment and Housing Authority!!! The property is inspected by RRHA inspectors to meet housing quality standards, at least once every year. This is a great deal is priced below assessment for a quick sale. This great home includes a new gas furnace, new AC unit, and has been renovated and passes all RRHA inspections. Don't miss your chance to snatch up a cash producing investment property producing over $6,000 a year after taxes and insurance with a 10.7% cap rate!** CALL 804.545.4458 FOR MORE INFORMATION ON THIS GREAT LISTING**

Facts

  • Lot: 8,145 sqft
  • Single Family
  • Built in 1957
  • Views: 1,288 all time views
  • Cooling: Central, Other
  • Heating: Forced air
  • Last sold: Apr 2015 for $1,731,837
  • Last sale price/sqft: $1,308

Features

  • Fireplace
  • Parking: 0 space

    Construction

    • Exterior material: Wood products
    • Roof type: Other
    • Room count: 1
    • Stories: 2
    • Structure type: Other
    • Unit count: 1

    Other

    • Floor size: 1,324 sqft
    • Lot depth: 135 ft
    • Lot width: 60 ft
    • Parcel #: N0000984007
    • Zillow Home ID: 12529407

    Zestimate Details

    Zestimate
    A Zestimate home valuation is Zillow's estimated market value. It is not an appraisal. Use it as a starting point to determine a home's value. Learn more

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    $71,969
    +$664 Last 30 days
    $64K
    $83K
    Zestimate range
    Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

    The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
    $895/mo
    -$4 Last 30 days
    $770
    $1.2K
    Zestimate range
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    Improve This Home's Value

    The right home project can make a significant impact to your home value! Compare average project costs in your area with estimated increases to your home value.

    The return values below are estimates based on the region, home facts, and past sales data. Your situation may vary based on current finish level of the room, changing style trends, depreciation, and how much of the project budget is invested in structural changes vs. functional/cosmetic improvements.

    Mid-Range Bathroom Remodel

    Deck Addition

    Mid-Range Minor Kitchen Remodel

    • Mid-Range Minor Kitchen Remodel

    • + 11.8K VALUE
    • Project cost: $17,822
    • See kitchen ideas

    Popularity on Zillow

    If this home is listed on Zillow, it will reach the largest real estate network on the web.*
    1,288 all-time views
    of this home (chart)
    214 forecasted views of this home
    in the first 7 days after listing for sale

    Comparable Homes

    Homes like this sold for $45-90K.

    $30K
    $100K

    Mortgages

    Neighborhood: Highland Terrace

    Zillow predicts 23222 home values will rise 1.4% next year, compared to a 1.9% increase for Richmond as a whole. Among 23222 homes, this home is valued 28.8% less than the midpoint (median) home, but is valued 1555.7% more per square foot.

    Foreclosures will be a factor impacting home values in the next several years. In 23222, the number of foreclosures waiting to be sold is 116.7% higher than in Richmond, and 87.6% less than the national average. This higher local number may prevent 23222 home values from rising as quickly as other regions in Richmond.
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      Nearby Schools in Richmond

      GreatSchools ratings give an overview of a school's test results. The ratings are based on a comparison of test results for all schools in the state.

      Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

      Data by GreatSchools.org