Monument mansions top November sales

Three Monument Avenue houses topped November's list of home sales. Photo courtesy of CVMRLS.

Three Monument Avenue houses topped November’s list of home sales. Photo courtesy of CVRMLS.

Monument Avenue hit a hot streak last month.

The historic street was home to the three highest-priced houses sold in the Richmond market in November, according to the Central Virginia Regional Multiple Listing Service.

Two homes tied for the top spot with a $1.7 million price tag: imprisoned local developer Billy Jefferson’s mansion at 2718 Monument Ave. and a 107-year-old home at 1828 Monument Ave.

Convicted developer Billy Jefferson's former home was sold last week.

Convicted developer Billy Jefferson’s former home sold for $1.7 million.

An entity called TJK LLC purchased Jefferson’s 8,337-square-foot home at Monument Avenue and Boulevard on Nov. 4. Listing agent Ceci Amrhein-Gallasch of Joyner Fine Properties wouldn’t give any names, but said the buyer is not local. City and state records don’t provide any additional information apart from the LLC.

Jefferson put the home on the market in May as he awaited sentencing for a historic tax credit scheme.

A few blocks away, the 1828 Monument Ave. home was sold by local house flipper Laurie Petronis. She purchased the property for $482,000 in 2011 and put $1.8 million worth of work into it. Jolanda Knezevich of Long and Foster was the listing agent.

Petronis, who grew up flipping homes with her parents, lost money on the project, but said she initially went into it hoping to learn how to work with the city and its architectural review board.

“It was a huge process, but I think it turned out well,” Petronis said. “(The process) is great for quality control, but it certainly made the project very expensive. It was a very good learning experience, though.”

The home at 1828 Monument Ave. also sold for $1.7 million.

The home at 1828 Monument Ave. also sold for $1.7 million.

The 6,184-square-foot house was built in 1907. Petronis worked with local architect Joe Yates along with general contractor Jeff Hamm of Parrish Construction.

The buyers were James and Susan Snyder Buzzard. James Buzzard was the president of MeadWestvaco for more than 10 years until he stepped down in early 2014.

Amrhein-Gallasch was also the listing agent for the area’s second-highest home sale in November at 1631 Monument Ave. A six-bedroom, 5,302-square-foot house built in 1911, it was only on the market for four days.

According to city records, the home sold for $1.59 million to Melody Barnes and Marland Buckner. Its former owners were Roy and Barbara Sutton, who purchased it for $665,000 in 1990.

The top five priciest home sales in the area for November were:
2718 Monument Ave. – $1.7 million
1828 Monument Ave. – $1.7 million
1631 Monument Ave. – $1.59 million
690 Lee Road – $1.32 million
1718 Brightwalton Court – $1.14 million

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