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$575,000

Beds
3
Baths
1.5
sq ft
1,528

116 N Lombardy St, Richmond, VA 23220

116 N Lombardy St

, VA 23220

  • 26 days on market
    • Price drop $14,000↓
    • Open house Apr 06
Motivated Seller has Improved the Price of this Charming Richmond Home with Timeless Character... Step into a piece of Richmond’s history with this enchanting home built in 1910, where classic charm meets modern comfort. From the moment you arrive, the inviting front porch welcomes you, setting the stage for the warmth and character found within. Inside, rich wooden floors and an exposed brick interior wall create an atmosphere of charm and sophistication. The living room flows seamlessly into the dining room, perfect for gatherings, while the kitchen offers both style and function with granite counters and a tiled backsplash. A convenient half bathroom is located on the main level. At the rear of the home, the sun-drenched Florida room provides a tranquil space to relax, leading out to a spacious backyard with a two-level deck, ideal for entertaining or unwinding. Need extra storage? The basement offers ample space to keep your belongings organized. Upstairs, the primary bedroom is situated at the front of the home, complemented by two additional bedrooms. The rear bedroom features its own private deck overlooking the backyard, creating a peaceful retreat or perfect home office. The full bathroom on the second floor has just been beautifully renovated (March '25), adding modern comfort to this historic home. This home is a rare blend of historic elegance and inviting living spaces—don’t miss your chance to own a true Richmond treasure! Schedule your showing today!

Details

Property type

Single Family Residence

Est. home value

$513,839

Lot size

1,812 sq ft

Price per sq ft

$377

Year built

1910

Annual property taxes

$5,676

Price History

03/25/2025
CentralVirginia

CentralVirginia #2505517

Price change
$575,000
-2.38%
03/07/2025
CentralVirginia

CentralVirginia #2505517

Listed
$589,000
+63.61%
07/11/2018
CentralVirginia

CentralVirginia #1812598

Sold
$360,000
+15.76%

Schools & Community

Neighborhood: 

The Fan

Elementary school: 

Fox

Middle school: 

Dogwood

High school: 

Thomas Jefferson

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$276,556
Asking price
$575,000
Closing costs (~8% of asking)
-$46,000
Est. remaining loan balance
-$252,444
Cash to seller
$276,556

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Atlantic Bay Mortgage Group Llc

Loan start date

June 2018

Original loan amount

$288,000

Est. remaining balance

$252,444

Interest rate

4.55%

Loan type

New Conventional, 30 year

Seller

Garner Freeman and Lisa Freeman

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/02/2025 at 4:25 PM

Listing updated: 04/02/2025 at 9:01 AM

Listed by: Mike Cranston, KW Metro Center Phone #: (804) 858-9000

MLS: CentralVirginia #2505517

CentralVirginia logo

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