Two Monument Avenue homes led the pack of the priciest residential real estate transactions in the Richmond area in April.
Topping the list was 2021 Monument Ave., a 6,300-square-foot home that sold April 24 for $2.1 million, below its list price of $2.24 million.
City property records list the buyers as Juan Astruc Jr. and Beth Astruc. They were represented by Scott Shaheen and Scott Ruth with Shaheen, Ruth, Martin & Fonville Real Estate.
Shaheen said the Astrucs had been looking for a home they could update and make their own when the listing hit the market in January. Juan is an ophthalmologist with Stony Point Surgery Center, while Beth has worked as a secretary with the Latin Ballet of Virginia.
“This is one of the grand dames of Monument,” Shaheen said of the property, describing it as the only double-lot on the avenue with off-street parking, enough to accommodate five vehicles.
“It was probably one of the best inspections I’ve ever had in an older home. It was in great shape,” he said. “They’re very excited. They’re working with some contractors right now to renovate it.”
Shaheen said the house had been on the market for two weeks before it went under contract. Anne Chewning with The Steele Group | Sotheby’s International Realty had the listing, representing seller Jimmy Wheat III, co-founder of Richmond-based Colonnade Capital.
Wheat purchased the house in December for $2.1 million from Cabell and Patti Harris, who had owned it since 1994 and used the ground floor as an office for Cabell’s Work Labs ad agency. Shaheen said the Astrucs are converting the office space to be part of the overall residence.
Designed by Richmond architect Duncan Lee, the three-story house includes four bedrooms, three full bathrooms and two half-baths. A city assessment valued the quarter-acre property, which includes a detached four-car garage and guest house, at $1.31 million.
No. 2 seller
Two blocks west on the other side of the street, 2320 Monument Ave. came in as the month’s second-priciest sale, selling April 15 for $1.55 million, below its January list price of $1.75 million.
The buyers are Michael and Laura Phelan, who were represented by Michael Amrhein of Joyner Fine Propeties. Michael Phelan is a partner with Henrico-based law firm Phelan Petty.
The seller was Wyatt Beazley III, a local surgeon. He was represented by Joyner’s Ceci Amrhein-Gallasch – Amrhein’s mother – and her husband and co-listing agent Bill Gallasch.
Amrhein said the family affair came about due to the timing of the Phelans relocating from Henrico County.
“They were looking to be on Monument Avenue, and it just so happened that Ceci had a couple of listings on Monument. The timing worked out well,” he said.
Designed by architect William Lawrence Bottomley, the 5,400-square-foot house totals five bedrooms, five full bathrooms and one half-bath. Built in 1926, the home includes a dining room with bay window, office and elevator. The 1.5-acre property, valued in a city assessment at $1.2 million, includes a brick-and-stone terrace and rear gardens.
Amrhein said the house’s designer played a big part in his clients choosing it over others.
“The fact that it was a Bottomley made a huge difference to them,” he said. “They were looking to return to the Fan, and Monument Avenue was their primary choice. The fact that this house had so much history really sealed it.”
Rounding out the top five sales for April, according to the Central Virginia Regional Multiple Listing Service:
• 4940 Old Main St., Rocketts Landing (condo) – $1.1 million. Listing agent: Susan Stynes, River City Elite; buyer’s agent: Michele Hayslette, Keller Williams.
• 3904 Holmbank Court, Foxhall, Henrico – $975,000. Listing agent: John Daylor, Joyner; buyer’s agent: Rick Stockel, Neumann+Dunn.
• 6901 Bandy Road, Westhampton, Henrico – $920,000. Listing agent: Jim and Donna Ransone, Joyner; buyer’s agent: Lisa Caperton, The Steele Group.