Check Availability
$162,500
House - In Contract

718 E GLADSTONE AVE

RICHMOND, VA 23222
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1100 Sqft
$798
Estimated Monthly
$0
HOA / Fees

About This Property

Property Description (4,000 character max)

Exceptional investment opportunity! This two-bedroom, one-bathroom home, and potential to add another

bathroom! Located in the highly sought after Northside of Richmond.  Property is priced to SELL , for the

next owner to add their personal touches. Roof in good condition. HVAC is newer. Heat Pump is newer.

Water Heater is newer. Electrical is updated from Knob and tube. Hardwood Floors were refinished a few

years ago. Please seek photos to see all the major upgrades done.

Property will sell with current lease. There is a lease until Jan 2025. Amazing opportunity to own a great

rental and then possibly fix and flip it if thats what you desire. Tenant pays all utilities. Total rent income

gross - $8,400 or $700 per month. Property is very well maintained!

Tenant might move out sooner as the seller is fixing up a home for her.

Don't miss out on this incredible opportunity to own a home with major improvements done already with

quick cash flow and equity! AS-IS sale.
Unit Size
1,100Ft²
Days on Market
-
Land Size
-
Price per sqft
$148
Property Type
House
Property Taxes
$105
HOA Dues
-
Year Built
1924
Listed By
Last updated: 29 days ago (Bright MLS #VARC2000460)

Price History

Date / Event Date Event Price
Apr 4, 2024 In contract -
In contract
Mar 20, 2024 Price Decreased $162,500
↓ $4K (2.4%)
Price Decreased
Mar 5, 2024 Listed by The Greene Realty Group $166,500
Listed by The Greene Realty Group
Jul 1, 2016 Sold to Mark Andrew Tuggle $50,000
Sold to Mark Andrew Tuggle

Property Highlights

Air Conditioning
Parking Details
Parking Features: Alley, On Street
Interior Details

Bedroom Information

Bedrooms on 1st Upper Level: 2

Bathroom Information

Full Bathrooms on 1st Upper Level: 1

Interior Information

Interior Features: Attic, Combination Kitchen/Dining, Entry Level Bedroom, Formal/Separate Dining Room, Kitchen - Eat-In
Flooring Type: Ceramic Tile, Hardwood
Living Area Square Feet Source: Assessor
Wall & Ceiling Types

Room Information

Laundry Type: None

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1950
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Poor
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Plaster
  • Roof Shape Type: Flat
  • Roof Cover Type: Metal
  • Floor Count: 2
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 160
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 3,000
  • Lot Size Depth Feet: 1,200
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,100
  • Building Area: 1,100
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Forced air unit
  • Heated Square Feet: 1,100
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Land Acres: 0.069
  • Standard Land Use Code: Single family residential
  • Legal Description 1: 0025.00X0120.00 0000.000

Ownership

  • Current Owner : TUGGLE MARK ANDREW
  • Previous Owner : LONG KEVIN M
  • Owner Before Previous Owner: WITTSTADT TITLE & ESCROW CO

Neighborhood

  • School District Name: Richmond City Public Schools
  • Census Tract: 010800

Zoning

  • Zoning: R-5 SINGLE

Geography

  • District: 606
  • Parcel: N-000-1155-015
  • Municipality: GATEWAY
  • Latitude: 37.5748
  • Longitude: -77.4217

    Address

  • Full Address: 718 E Gladstone Ave
  • Address - House Number: 718
  • Street Direction: E
  • Address - Street Name: Gladstone
  • Address - Suffix Type: Ave
  • State: VA
  • City Name: Richmond
  • Carrier Code: C018
  • 4-Digit Zip Code: 3102
  • Zip Code: 23222

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,260

    Appraisal Valuation

  • Standard Deviation: 0.2469
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 65
  • Final Value: 171,934
  • High Value: 214,392
  • Low Value: 129,477

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $36,000
  • First Open Lien Mortgage Lender: SUNTRUST MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Jul 01, 2016
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $36,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2046

    Market Valuation

  • Market Total Value: $105,000
  • Market Land Value: $50,000
  • Market Improvement Value: $55,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $105,000
  • Assessed Land Value: $50,000
  • Assessed Improvements Value: $55,000

    Sales

  • Current Sale Contract Date: Jun 03, 2016
  • Current Sale Recording Date: Jul 01, 2016
  • Current Sale Transaction ID: 1633540423
  • Current Sale Price: $50,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 160012569
  • Previous Sale Recording Date: Sep 17, 2010
  • Previous Sale Contract Date: Sep 02, 2010
  • Previous Sale Amount: $13,308
  • Previous Sale Document Type: Trustee's Deed (Certificate of Title)

    Last Sale Mortgage

  • First Mortgage Lender: SUNTRUST MORTGAGE INC
  • First Mortgage Transaction Date: Jul 01, 2016
  • First Mortgage Loan Amount: $36,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
Stu
-
-
$189,100 Mar 2, 2021
$189,100 May 3, 2021
$150/mo
House
Loft
1 Bath
-
$169,950 Oct 11, 2021
$169,950 Nov 19, 2021
$89/mo
Multifamily
Stu
-
-
$157,900 Apr 22, 2016
$157,900 Aug 8, 2016
$221/mo
Multifamily
Stu
-
-
$149,950 Sep 1, 2021
$149,950 Sep 29, 2021
$110/mo
House
2 Beds
1 Bath
-
$179,000 Nov 12, 2023
-
$135/mo
In Contract
House
3 Beds
2 Baths
-
$140,000 Feb 26, 2024
-
$142/mo
Commercial
Loft
-
-
$159,999 Mar 7, 2024
-
-

About Northside


Similar Homes for Sale

Unit for sale at 3057 Meadowbridge Road, Richmond, VA 23222

$159,999

  • Commercial
3057 Meadowbridge Road, Richmond, VA 23222 Listing by Noelle Smith

Nearby Rentals

Unit for rent at 1612 N 31st Street, Richmond, VA, 23223

$1,500 /mo

  • 2 Beds
  • 1 Bath
  • 744 ft²
1612 N 31st Street, Richmond, VA, 23223 Listing by Diane Bowman


Frequently Asked Questions

When was property at 718 East Gladstone Avenue built and last sold?
The property at 718 East Gladstone Avenue was built in 1924 and last sold on Jun 3, 2016 for $50,000.
How much is this home worth?
The estimated value of the home located at 718 East Gladstone Avenue is $168,165.
What are some comparable homes to 718 East Gladstone Avenue?
Homes that are comparable to 718 East Gladstone Avenue include a commercial property at 3057 Meadowbridge Road, a multifamily property at 3128 Woodcliff Avenue, a house property at 714 Bancroft Avenue.

Quantcast