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Sold for $2,000,000
  • $2,000,000

    4540 Bassett Ave, Richmond, VA 23225

    --beds
    --baths
    6.58Acres
    Unimproved Land
    Built in ----
    6.58 Acres Lot
    $-- Zestimate®
    $--/sqft
    $1,352 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,352/mo

    Zestimate® history
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    What's special

    This listing offers an extremely unique opportunity to build high density rental or for sale product less than four miles from Downtown Richmond. Located in the fast growing and popular Northrop/Forest Hill Terrace neighborhoods, this 6.6 acre parcel features completed title work and clean phase 1. The property is currently zoned R-48 Multifamily and offers the flexibility for development for rental or for sale products. Current zoning permits up to 140 units multifamily units to be developed on the 6.6 acre parcel. Alternatively, the property could potentially be subdivided into an estimated 35 single-family detached parcels or 65 attached parcels and units.

    Zillow last checked:

    Listing updated:

    Listed by:

    Lory Markham 804-248-2561,

    One South Commercial LLC,

    Ryan Rilee 804-690-1482,

    One South Commercial LLC

    Bought with:

    Non-Member Non-Member

    Non MLS Member

    Source: CVRMLS,MLS#: 1935787MLS LogoOriginating MLS: Central Virginia Regional MLS

    Facts & features

    Interior

    Features
    • Has basement: No

    Property

    Lot
    • Size: 6.58 Acres
    Details
    • Parcel number: S0053315011
    • Zoning description: R-48
    • Special conditions: Corporate Listing

    Utilities & green energy

    • Electric: None
    • Sewer: None
    • Water: None
    • Utilities for property: Natural Gas Not Available, Phone Not Available

    Community & HOA

    Community
    • Subdivision: Forest Hill Terrace
    Location
    • Region: Richmond

    Financial & listing details

    • Tax assessed value: $52,000
    • Annual tax amount: $624
    • Date on market: 2/25/2024
    • Ownership: Corporate
    • Ownership type: Corporation

    Price history

    DateEventPrice
    4/12/2024Sold$2,000,000-9.1%
    Source: CVRMLS #1935787 Report a problem
    6/30/2021Pending sale$2,200,000
    Source: CVRMLS #1935787 Report a problem
    4/7/2021Listed for sale$2,200,000
    Source: CVRMLS #1935787 Report a problem
    2/19/2021Listing removed--
    Source: CVRMLS #1935787 Report a problem
    2/2/2021Pending sale$2,200,000+1401.7%
    Source: CVRMLS #1935787 Report a problem
    2/2/2018Sold$146,500+83.1%
    Source: Public Record Report a problem
    2/25/1998Sold$80,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,128 $94,000
    2024$1,128 -14.5%$94,000 -14.5%
    2023$1,320 $110,000
    2022$1,320 +103.7%$110,000 +103.7%
    2021$648 +3.8%$54,000 +3.8%
    2020$624 $52,000
    2019$624 +4%$52,000 +4%
    2018$600 $50,000
    2017$600 $50,000
    2016$600 $50,000
    2015$600 $50,000
    2014$600 $50,000 -57.3%
    2013-- $117,000
    2012-- $117,000
    2011-- $117,000
    2010-- $117,000
    2009-- $117,000
    2008-- $117,000
    2007-- $117,000 +13.2%
    2006-- $103,400
    2005-- $103,400 +18.2%
    2003-- $87,500
    2002-- $87,500 -32.1%
    2001$1,843 $128,910
    Find assessor info on the county website

    Neighborhood: Northrop

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Westover Hills
    • Middle: Lucille Brown
    • High: Richmond High School for the Arts

    Source: CVRMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.