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5541 Riverside Heights Way

5541 Riverside Heights Way, Richmond, VA 23225
Townhouse in Cedarhurst
Sold Sep 26, 2019
$299,950
$239,960 by Bank Of America Na
Mortgage
Sold Jun 22, 2016
$252,127
$252,127 by George Mason Mortgage Llc
Mortgage
5541 Riverside Heights Way in Richmond, VA was first built in 2016 and is 8 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 6 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 5541 Riverside Heights Way has 1,584 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 340 ft and the linear feet between the front and back of the lot is 1,120. In total, the area measurement of the land is 3,855 square feet.

Learn more about the property and building on this page. There is a open porch. The home has a gable style roof made of composition shingle. For those who need parking, there is a detached garage. The garage is 242 sqft. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The condition of the building has been evaluated as excellent. The exterior walls of the home are made of alum/vinyl siding. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a forced air unit. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 5541 Riverside Heights Way sold most recently in Sep 15, 2019 for a total of $299,950. If you work out the math, that's approximately a cost of $189.36 per sqft. Before that, the property was also sold for $252,127 in Jun 20, 2016. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,960 in taxes each year. 5541 Riverside Heights Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $330,000. If we break it down further, the land itself was valued at $80,000. Improvements to the property, however, were assessed at a total of $250,000. The property's total market value has been marked the same as the total assessed value which is pretty typical. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Vinyl Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: Excellent
  • Construction Type: Wood
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Floor Cover: Wood
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 242
  • Parking Space Count: 1
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 3,855
  • Lot Size Depth Feet: 1,120
  • Lot Size Frontage Feet: 340
  • Total Building Area: 1,584
  • Building Area: 1,584
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,584
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: RIVERSIDE HEIGHTS
  • Land Acres: 0.088
  • Standard Land Use Code: Single family residential
  • Legal Description 1: RIVERSIDE HEIGHTS LOT8 0034.44X0112.00 000.089 AC

Ownership

  • Current Owner : LODHA PRADEEP L
  • Current Owner 2: LODHA SANGEETA
  • Previous Owner : GILES IAN
  • Previous Owner 2: GILES ANNE
  • Owner Before Previous Owner: NVR INC A VIRGINIA CORPORATION
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Richmond City Public Schools
  • Census Tract: 071100

Zoning

  • Zoning: R-6 SINGLE

Geography

  • District: 404
  • Parcel: C-005-0340-018
  • Municipality: SOUTHWEST
  • Latitude: 37.5281
  • Longitude: -77.504

    Address

  • Full Address: 5541 Riverside Heights Way
  • Address - House Number: 5541
  • Address - Street Name: Riverside Heights
  • Address - Suffix Type: Way
  • State: VA
  • City Name: Richmond
  • Carrier Code: C035
  • 4-Digit Zip Code: 2400
  • Zip Code: 23225

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,960

    Appraisal Valuation

  • Standard Deviation: 0.2028
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 72
  • Final Value: 405,691
  • High Value: 488,004
  • Low Value: 323,378

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $239,960
  • First Open Lien Mortgage Lender: BANK OF AMERICA NA
  • First Open Lien Mortgage Recording Date: Sep 26, 2019
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $239,960
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $330,000
  • Market Land Value: $80,000
  • Market Improvement Value: $250,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $330,000
  • Assessed Land Value: $80,000
  • Assessed Improvements Value: $250,000

    Sales

  • Current Sale Contract Date: Sep 15, 2019
  • Current Sale Recording Date: Sep 26, 2019
  • Current Sale Transaction ID: 11659678115
  • Current Sale Price: $299,950
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 190019844
  • Previous Sale Recording Date: Jun 22, 2016
  • Previous Sale Contract Date: Jun 20, 2016
  • Previous Sale Amount: $252,127
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BANK OF AMERICA NA
  • First Mortgage Transaction Date: Sep 26, 2019
  • First Mortgage Loan Amount: $239,960
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: GEORGE MASON MORTGAGE LLC
  • Previous Mortgage Transaction Date: Jun 22, 2016
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $252,127
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)

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Frequently Asked Questions

What neighborhood is 5541 Riverside Heights Way located in?
The 5541 Riverside Heights Way is a townhouse located in the neighborhood of Cedarhurst in Westover Hills - Forest Hill Park, Richmond.
What is the average sales price for listings in 5541 Riverside Heights Way?
The average sales price for units in 5541 Riverside Heights Way is $299,950 currently.

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