RECENT COMMENTS
Foreclosures on 33rd, 29th, 21st, and 35th
A Richmond BizSense look at recent foreclosures in the area lists 14 in Richmond and 5 in the neighborhood.
416 N 33rd Street, Richmond, VA 23223
Execution of a certain deed of trust-original principal amount: $158,760
Borrower: REO-Assets Mgmt
Foreclosure date: November 10, 2011 at 2:15 p.m.
Trustee: Shapiro & Burson805 N 29th Street, Richmond, VA 23223
Execution of a certain deed of trust-original principal amount: $60,770
Borrower: Vernon Davis
Foreclosure date: November 3, 2011 at 2:15 p.m.
Trustee: ALG Trustee307 N 21st Street, Richmond, VA 23223
Execution of a certain deed of trust-original principal amount: $147,600
Borrower: Jefferson Wells
Foreclosure date: November 3, 2011 at 2:15 p.m.
Trustee: ALG Trustee812 N 35th Street, Richmond, VA 23223
Execution of a certain deed of trust-original principal amount: $196,500
Borrower: Evelyn Richardson
Foreclosure date: November 17, 2011 at 2:15 p.m.
Trustee: Shapiro & Burson1127 N 33rd Street, Richmond, VA 23223
Execution of a certain deed of trust-original principal amount: $119,050
Foreclosure date: November 9, 2011 at 2:45 p.m.
Trustee: Evans & Bryant
I’ve often wondered about 307 N. 21st. This house is literally falling in on itself yet other houses that seem in better shape are torn down. Not that I want that to happen, but whoever buys it sure has their work cut out for them.
307 North 21st Street: /2009/06/07/more-crooked_6202/
Unless they are willing to sell it for much less than the mortgage, it is not worth it. It needs a total gut job, and major jacking. It is certainly not worth $147 K.
Unfortunately, the same scene is happening at 3000 E. Broad Street. People buy a house for too much money, put some bad “renovation” into it, then want to sell it for what is in it. By then, it is a project that needs $100K to $200K put into it,and people need to buy the wreck for $50K, so they can afford to work on it. I am very sad that these houses may not sell any time soon, and they will just sit there and rot.
Hopefully, this brings an end to the 416 N. 33rd St. Saga.
JJ – According to the City of Richmond records, the people who own 3000 E Broad St bought it in 2010 for only $75k. Alex and I have wondered often about what the heck was going on with this renovation, after we saw it go up for sale recently. Do you know any of the details of this? Such as why aren’t they finishing the job themselves? And did they actually put so much money in to it already that they need to sell for $150k?
MrsAlex, my wife and I actually looked at this house on Broad 1.5 years ago and were interested in renovating it…EXCEPT for the rediculous asking price (think it was 175,000 or so back then and needed $100K min in work.) Anyways, my guess is they either A. wanted to do some minor work and sell it for a quick profit or B. greatly underestimated the amount of money it’d take to renovate. My guess is A considering the price is so inflated from what they bought it for. It’s a shame too…it could be a beautiful house if renovated correctly and is in a great location. Who knows, if my wife and I finish the renovation on our house and have nothing to do, maybe I can convince her to buy this one.