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Pending
    • $235,000

    701 Arnold Ave, Richmond, VA 23222

    2beds
    1,159sqft
    : 
    $1,549/mo
    Get pre-qualified
    Single Family Residence
    Built in 1938
    2,408 Square Feet Lot
    $237,300 Zestimate®
    $203/sqft
    $-- HOA

    What's special

    Welcome to this charming raised ranch in Richmond's popular Highland Terrace neighborhood, where thoughtful updates come together beautifully. Refinished hardwood floors and fresh paint throughout create a bright, inviting atmosphere from the moment you step inside. The refreshed kitchen features tile flooring, new cabinetry, butcher block countertops, and a breakfast nook peninsula that adds both functionality and casual dining space. Adjacent to the kitchen, a versatile dining/flex room has been transformed with a stunning vaulted tongue-and-groove cedar ceiling, skylight, new windows, and luxury vinyl plank flooring—creating the perfect setting for entertaining, working from home, or relaxing with family and friends. The bathroom has been completely renovated down to the studs, offering modern finishes and peace of mind. A spacious living room centered around a cozy fireplace provides a warm gathering space, while two comfortable bedrooms complete the interior. Additional updates include a new roof and hot water heater, allowing the next owner to move in with confidence. Situated on a corner lot, the fully fenced backyard offers plenty of room for pets, gardening, play, or outdoor entertaining. Full of charm and thoughtfully updated throughout, this Highland Terrace gem is ready to welcome you home. Photos scheduled for Monday afternoon, June 22.
    6 days
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    16
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    Zillow last checked:

    Listing updated:

    Listed by:

    Leland Klim (804)873-0025,

    Long & Foster REALTORS 804-288-8888,

    Helen Garnett 804-855-4553,

    Long & Foster REALTORS

    Source: CVRMLS,MLS#: 2616836MLS LogoOriginating MLS: Central Virginia Regional MLS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 1
      • Full bathrooms: 1
      Primary bedroom
      • Description: HW floors, Closet storage system
      • Level: First
      • Dimensions: 0 x 0
      Bedroom 2
      • Description: HW floors
      • Level: First
      • Dimensions: 0 x 0
      Dining room
      • Description: Flex space; vaulted ceiling, LVP
      • Level: First
      • Dimensions: 0 x 0
      Other
      • Description: Tub & Shower
      • Level: First
      Kitchen
      • Description: Tile floors, new cabinetry, new counters
      • Level: First
      • Dimensions: 0 x 0
      Living room
      • Description: HW floors, FP
      • Level: First
      • Dimensions: 0 x 0
      Heating
      • Natural Gas, Radiator(s)
      Cooling
      • Window Unit(s)
      Appliances
      • Included: Washer/Dryer Stacked, Gas Cooking, Gas Water Heater, Microwave, Refrigerator, Stove
      • Laundry: Washer Hookup, Dryer Hookup, Stacked
      Features
      • Bedroom on Main Level, Breakfast Area, Ceiling Fan(s), Cathedral Ceiling(s), Dining Area, Solid Surface Counters, Cable TV
      • Flooring: Tile, Vinyl, Wood
      • Basement: Crawl Space
      • Attic: Access Only
      Interior area
      • Total interior livable area: 1,159 sqft
      • Finished area above ground: 1,159
      • Finished area below ground: 0

      Property

      Parking
      • Parking features: On Street
      • Has uncovered spaces: Yes
      Features
      • Levels: One and One Half
      • Stories: 1.5
      • Exterior features: Storage, Shed
      • Pool features: None
      • Fencing: Chain Link,Fenced
      Lot
      • Size: 2,408 Square Feet
      Details
      • Parcel number: N0001051001
      • Zoning description: R-5

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Other
      • Property subtype: Single Family Residence
      Materials
      • Brick, Vinyl Siding
      • Roof: Composition
      Condition
      • Resale
      • New construction: No
      • Year built: 1938

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: Public

      Community & HOA

      Community
      • Subdivision: Highland Terrace
      Location
      • Region: Richmond

      Financial & listing details

      • Price per square foot: $203/sqft
      • Tax assessed value: $164,000
      • Annual tax amount: $1,968
      • Date on market: 7/18/2026
      • Ownership: Individuals
      • Ownership type: Sole Proprietor

        Estimated market value

        $237,300

        $225,000 - $249,000

        $1,360/mo

        Price history

        DateEventPrice
        6/27/2026Pending sale$235,000$203/sqft
        Source: CVRMLS #2616836 Report a problem
        6/23/2026Listed for sale$235,000+52.6%$203/sqft
        Source: CVRMLS #2616836 Report a problem
        8/2/2022Sold$154,000-8.9%$133/sqft
        Source: CVRMLS #2214569 Report a problem
        6/25/2022Pending sale$169,000$146/sqft
        Source: CVRMLS #2214569 Report a problem
        6/14/2022Listed for sale$169,000$146/sqft
        Source: CVRMLS #2214569 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,968 +6.5%$164,000 +6.5%
        2024$1,848 +3.4%$154,000 +3.4%
        2023$1,788 $149,000
        2022$1,788 +79.5%$149,000 +79.5%
        2021$996 +1.2%$83,000 +1.2%
        2020$984 +12.3%$82,000 +12.3%
        2019$876 +5.8%$73,000 +5.8%
        2018$828 -4.2%$69,000
        2017$864 $69,000 -4.2%
        2016$864 $72,000
        2015$864 $72,000
        2014$864 $72,000
        2013-- $72,000
        2012-- $72,000 -5.3%
        2011-- $76,000
        2010-- $76,000 -16%
        2009-- $90,500 +1%
        2008-- $89,600 +11.4%
        2007-- $80,400 +11.4%
        2006-- $72,200 +6.3%
        2005-- $67,900 +30.1%
        2003-- $52,200 +3%
        2002-- $50,700
        2001$725 $50,700
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Highland Terrace

        Getting around

        51 / 100
        Somewhat Walkable
        41 / 100
        Some Transit
        49 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Barack Obama
        • Middle: Henderson
        • High: John Marshall

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

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