A large brick home at Monument Avenue and Mulberry Street has been put up for sale. Photos courtesy of CVRMLS.
A two-block stretch of Monument Avenue at the top of the Fan now boasts two million-dollar mansions on the market.
Within days of a $1.72 million listing a block away and across the street, a 13-room home at 2609 Monument Ave. has been put up for sale for $2.39 million.
The 6,200-square-foot home is being sold by James C. and Cynthia S. Mabry IV, who purchased it in 2007 for $2.12 million, according to city property records.
James Mabry was named in August as executive vice president of investor relations and mergers and acquisitions for South State Corp., a bank holding company that includes Columbia, South Carolina-based South State Bank. He was previously managing director of Keefe, Bruyette & Woods, an investment bank with offices downtown.
The Mabrys plan to relocate from Richmond to Charleston, South Carolina, according to a press release.
The home’s family room has built-in bookshelves to the ceiling and French doors.
The home was listed Oct. 22 by Ceci Amrhein-Gallasch and Bill Gallasch of Joyner Fine Properties. A no-show request kept it off the Central Virginia Regional Multiple Listing Service until Nov. 3.
The six-bedroom, 4½-bathroom brick home spans 2½ stories. It includes a library with red-painted wooden paneling, an updated kitchen by Custom Kitchens with new heartwood floors, a two-car heated garage and a carriage house used as guest quarters.
Amrhein-Gallasch said the house is unique for the size of its quarter-acre lot, as well as architectural features on both the building and carriage house.
“It’s one of the finest neo-Georgian homes on the street,” she said. “The carriage house is darling. It’s got a turret with a spiral staircase, and upstairs there is a living room, kitchen and a bedroom and a bath.”
Built in 1925, the home was designed by Richmond firm Baskervill & Lambert, and its gardens were designed by landscape architect Charles Gillette.
Amrhein-Gallasch said interest in the home has been good so far, from both local and out-of-town buyers.
The house is the latest seven-figure listing for the husband-and-wife team, who are also selling Bill and Pam Royall’s Cary Street Road home, listed in September for $3.95 million, and the Fan home of former VCU men’s basketball coach Shaka Smart, listed in June for $1.49 million.
Amrhein-Gallasch said interest in those listings has been positive, as well, but she noted a limited pool of buyers in the market for million-dollar homes.
“We went through what we felt were some slow periods in the upper price range,” she said. “The Richmond area has had a real good year overall, but in the upper price range, it’s just so few buyers that are able to afford. When you get to the top of that pyramid, it’s not nearly as many buyers as you’ve got at $300,000 or $500,000.”
Nonetheless, the Monument listing is one of many million-dollar homes on the market in Richmond. In addition to the $1.72 million listing up the street and Smart’s former house, another Monument Avenue mansion listed in October for $2.8 million is currently pending.
A large brick home at Monument Avenue and Mulberry Street has been put up for sale. Photos courtesy of CVRMLS.
A two-block stretch of Monument Avenue at the top of the Fan now boasts two million-dollar mansions on the market.
Within days of a $1.72 million listing a block away and across the street, a 13-room home at 2609 Monument Ave. has been put up for sale for $2.39 million.
The 6,200-square-foot home is being sold by James C. and Cynthia S. Mabry IV, who purchased it in 2007 for $2.12 million, according to city property records.
James Mabry was named in August as executive vice president of investor relations and mergers and acquisitions for South State Corp., a bank holding company that includes Columbia, South Carolina-based South State Bank. He was previously managing director of Keefe, Bruyette & Woods, an investment bank with offices downtown.
The Mabrys plan to relocate from Richmond to Charleston, South Carolina, according to a press release.
The home’s family room has built-in bookshelves to the ceiling and French doors.
The home was listed Oct. 22 by Ceci Amrhein-Gallasch and Bill Gallasch of Joyner Fine Properties. A no-show request kept it off the Central Virginia Regional Multiple Listing Service until Nov. 3.
The six-bedroom, 4½-bathroom brick home spans 2½ stories. It includes a library with red-painted wooden paneling, an updated kitchen by Custom Kitchens with new heartwood floors, a two-car heated garage and a carriage house used as guest quarters.
Amrhein-Gallasch said the house is unique for the size of its quarter-acre lot, as well as architectural features on both the building and carriage house.
“It’s one of the finest neo-Georgian homes on the street,” she said. “The carriage house is darling. It’s got a turret with a spiral staircase, and upstairs there is a living room, kitchen and a bedroom and a bath.”
Built in 1925, the home was designed by Richmond firm Baskervill & Lambert, and its gardens were designed by landscape architect Charles Gillette.
Amrhein-Gallasch said interest in the home has been good so far, from both local and out-of-town buyers.
The house is the latest seven-figure listing for the husband-and-wife team, who are also selling Bill and Pam Royall’s Cary Street Road home, listed in September for $3.95 million, and the Fan home of former VCU men’s basketball coach Shaka Smart, listed in June for $1.49 million.
Amrhein-Gallasch said interest in those listings has been positive, as well, but she noted a limited pool of buyers in the market for million-dollar homes.
“We went through what we felt were some slow periods in the upper price range,” she said. “The Richmond area has had a real good year overall, but in the upper price range, it’s just so few buyers that are able to afford. When you get to the top of that pyramid, it’s not nearly as many buyers as you’ve got at $300,000 or $500,000.”
Nonetheless, the Monument listing is one of many million-dollar homes on the market in Richmond. In addition to the $1.72 million listing up the street and Smart’s former house, another Monument Avenue mansion listed in October for $2.8 million is currently pending.