Barely three weeks after it changed hands, the highest-priced house sold in the Richmond area last month is already back on the market – at a $130,000 markup.
William Massey III bought the home at 116 Tempsford Lane house for $995,000 on May 29, according to public records. It was the highest-priced sale in the Richmond residential market in May, according to the Central Virginia Regional Multiple Listing Service (CVRMLS).
On June 13, Massey listed the property for sale again, this time for $1.12 million.
Philip Innes, the Re/Max Commonwealth agent handling the sale, would not comment. Massey also declined to comment on the listing.
The 4,500-square-foot, contemporary-style house was built in 1981 and has four bedrooms and three bathrooms, a renovated kitchen, a pool and a two-car garage, according to the listing. It is located on 1.5 acres in the Tempsford Hills subdivision, not far from Carytown.
It was most recently assessed at $961,000, according to city records.
Massey’s home was previously owned by Henry and Cheryl Yancey, city records show. Henry Yancey, a longtime local orthopedic surgeon, died last year.
This May was a down month in area home sales volume compared with May of 2013. According to CVRMLS, 1,167 home sales closed in Richmond and Henrico, Hanover and Chesterfield counties last month. Over May of last year, 1,318 sales closed. The figures include single-family houses, townhouses and condos.
But the median price increased, from $210,000 in May of last year to $215,900 this May.
None of May’s sales were above the million-dollar mark, but April had its fair share of big closings with seven $1 million-plus houses sold in the area.