A Monument Avenue home’s decades-long journey from deterioration to restoration concluded last month with the region’s priciest home sale recorded in May.
The restored Tudor Revival house at 2023 Monument Ave. topped the list with its May 4 sale, which matched its most recent list price of $1.89 million.
The century-old home, totaling 7,800 square feet, had originally been listed for $2.59 million in 2019. It was taken off-market in April 2020 and relisted Jan. 28. It was put under contract a week later.
The listing was shared by Anne Chewning with The Steele Group | Sotheby’s International Realty and Jill Davenport with Joyner Fine Properties. They represented sellers Mary and Thomas Horton, who undertook an extensive renovation after purchasing the then-deteriorated house in 1995 for $165,000.
Chewning said she and Davenport dropped their asking price when they relisted the house due to changes in the market since 2019.
“It’s a wonderful, great lady,” Chewning said of the home. Post-renovation, the 0.18-acre property was most recently assessed by the city at $1.73 million.
City property records list the buyers as Matthew and Nicole Walker. They were represented by Shane Lott with Rashkind Saunders & Co. Real Estate.
Lott, who recently purchased her own home a couple doors away, said she alerted her clients to the original listing and they jumped at it when it came back on the market. She declined to discuss her clients, stating they desired privacy.
“It was uninhabitable when the previous owners had bought it, and they had done a massive renovation to make it beautiful with the original architecture and history,” Lott said. “My clients loved the history of the home and that it had been brought up to the architectural standards, and it also provided them an opportunity to do some future updates themselves.”
Built in 1908, the 2½-level house was designed by noted architect Claude Howell and is recognized as the earliest Tudor Revival built on Monument Avenue, as well as one of the first Tudor-style houses ever built in Richmond.
The restoration, conducted in the mid-’90s, involved local architect Jay Hugo, now managing principal with locally-based 3north, as well as downtown architecture firm SMBW.
Totaling five bedrooms and bathrooms, the house includes an upstairs owner’s suite with dual bathrooms, while the main floor is highlighted with a staircase with decorative railing. The full basement has a wine cellar, rec room, kitchenette and bathroom, and the house includes seven fireplaces. A two-car detached garage and patio areas fill out the property.
Rounding out the top five sales for May were, according to the Central Virginia Regional Multiple Listing Service:
- 459 Rivergate Drive, Rivergate, Goochland – $1.57 million. Listing agent: Sue Farrell, Joyner; buyer’s agent: Tara Kelley, Keller Williams.
- 623 Dover Bluff Court, Meadows at Manakin, Goochland – $1.51 million. Listing agent: Pam Diemer, Long & Foster; buyer’s agent: Karen Stephens, Joyner.
- 5951 River Road, Chatham Hills, Henrico – $1.5 million. Listing agents: Scott Shaheen and Scott Ruth, SRMF Real Estate; buyer’s agent: Nancy Cheely, Joyner.
- 201 Walsing Drive, Dorset Woods, Henrico – $1.47 million. Listing agent: Laura Peery, Steele Group; buyer’s agent: Debbie Gibbs, Steele Group.