611 Research Road

Local assessors in Richmond, VA have categorized 611 Research Road as a unknown type of property. The home was built in 1971 and is 53 years old. The property's lot size has been calculated to be 16,814 square feet. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 611 Research Road has a total of 4,680 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. 611 Research Road is a 3 code building. This code stands for "unknown". The home sources its water from unknown system. As for water disposal, the home is connected to a septic system and not a municipal sewage or storm sewage system. Therefore the homeowner of this property will need to handle their own water disposal every three to five years - though the exact number may differ. Moving onto specific details regarding the building. Our sources show that the building condition is unknown. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - unknown. The building has a roof that is made of unknown. While the walls in the interior have been made of unknown. As for flooring, was the material of choice during construction. The home has been utilizing unknown for fuel. 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, 611 Research Road sold most recently in Jan 19, 2022 for a total of $520,000. If you work out the math, that's approximately a cost of $111.11 per sqft. 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 $4,210 in taxes each year. 611 Research Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $410,300. If we break it down further, the land itself was valued at $105,900. Improvements to the property, however, were assessed at a total of $304,400. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!