The historic capital of Virginia, Richmond is a unique blend of cosmopolitian culture, colonial architecture, fashionable elegance and cutting-edge innovatively designed suburbs.
(City real estate zones are 10, 20, 30, 50 and 60.)
As Virginia’s historic capital, the city of Richmond is a unique heartbeat of urban culture at the city’s center mixed with fashionable elegance and innovatively designed subdivisions as you move through the city’s West End.
Real Estate in the area sells from $90 per square ft. in the city’s Southside to $191 per square foot in the city’s West End.
Just like the city, realesteate is divided into 5 zones, each having a unique architectural feel and distinct culture. The James River separates the city’s Northside and Southside. The city’s Southside is home to the more established historic neighborhood of Winsor Farms. Located near the geographical center of the city, it includes Cape Cods, Spanish Colonails and Tudor Revivials dating between the 1920-1940′s era. The median price of a home in the city’s southside was $209,200 in 2007. Depending on your real-estate goals there are some deals to be had due to the neighborhood’s historic style and location, but rennovation work will be required to increase the property’s value. Because of the neighborhood’s historic location, rennovated homes in the area have been known to sell for as much as $2 million.
As you move west in the city, real-estate prices go up substantially. In the historic Windsor farms area, real-estate prices in 2007 ranged from $536,050 to $1.9 million with median price of a home selling for $757,500, about $237 per sq. foot. One of the city’s first planned nieghborhoods built in 1926, it features primarily Colonial Revival homes.
The further West of the city you venture, the more you’ll find modern, innovative subdivisions with cutting-edge style and architecture. Bidding wars in the city’s West End are not uncommon where half of homes put on the market sell in fewer than 34 days.
While the city’s Northside has experienced a depreciation of home values, there are still good properties to be had, especially in the city’s fan area. Located near Virginia Commonwealth University, the fan district is home to many singles and couples buying their first home. The median price for homes in Richmond’s fan district was $196,000 in 2007.
Revitalization efforts are currently underway to preserve the city’s historic East End that has experienced economic decline in recent decades.
In general, Richmond Real-Estate is diverse, moves quickly, and requires a competent realtor to help you navigate your way through.
|Local Government By The Numbers|
|General Information Number||804-646-7000|
|2007-2008 Budget||Richmond, VA $645.5 Million|
|Real Estate Taxes||Richmond, VA$1.20 per $100|
|Personal Property Taxes||Richmond, VA $3.70 per $100|
|Chief Executive/Mayor/County Administrator||L. Douglas Wilder
|Commonwealth’s Attorney||Norman Sales
|Police Chief||Bryan T. Norwood
|Sheriff||C.T. Woody Jr.
|Fire Chief||Robert A Creecy.
|Commissioner Of Revenue||Harry E. Black
|City Council/ Board Of Supervisors||Carol Wolf, Betsy Brooks Carr, Kimberly Bridges, Dr. Yvonne Brandon, superintendent, Lisa Dawson, vice-chair, Joan Mimms, George Braxton, chair, Evette Wilson, Chandra Smith, Keith West.|
|Schools 2007-2008||5 public high schools, 9 public middle schools, and 29 public elementary schools, 6 private schools and 6 institutions of higher learning including Virginia Commonwealth University, the University of Virginia, John Tyler Community College and ITT Technical Institute. Other schools include the Maggie L. Walker Governor’s School, the Appomattox Regional Governor’s School for the Arts, and the esteemed School of the Performing Arts in the Richmond Community, (SPARC).|
|Public School Information||804-780-7710|
|School Superintendent||Dr. Yvonne Brandon
|School Board||Bruce W. Tyler, West End District, William J. Pantele, president, North Central District, Chris A. Hilbert, Northside District, Kathy C. Graziano, Southwest District, E. Martin Jewell, Central District, Ellen F. Robertson, Gateway District, Delores L. McQuinn, vice president, West End District, Reva M. Trammell, Southside District, Douglas G. Conner Jr., South Central District|
|Libraries||9 locations offering refernce use and checkout, neighborhood programs, public meeting rooms, wireless Internet access, public use computers, and fax and notary services|