The 10,000-square-foot house at 5105 Stratford Crescent returned to the market last week, less than a year after it last sold. (Photos courtesy CVRMLS)
A 10,000-square-foot mansion that sold for over $6 million last fall is back on the market.
5105 Stratford Crescent, a centerpiece home in Richmond’s Hampton Gardens neighborhood, was listed for sale last week with an asking price of $6.75 million.
That’s a half million dollars more than it sold for in October and a quarter million more than its $6.5 million listing price last summer.
The 1.7-acre property, which includes an adjoining lot, was listed July 31 with agent John Martin, who represented the buyer and seller in last year’s deal. Martin said the mystery owner, who purchased the house last year using an LLC, simply had a change of mind.
John Martin
“They just want to do something different,” said Martin, who’s co-listing the house with his wife Holly Martin. The team with Shaheen, Ruth, Martin & Fonville Real Estate likewise shared last year’s listing for the previous sellers, Matthew and Amy Ernst, who bought the double-lot property for $2.5 million in 2008.
John Martin said nothing has been done to the house since the October sale beyond upkeep and prep for showings this go-round. Showings start Monday.
“We’ve already got good traffic lined up. It’s been a good response,” he said. “It was good last time, but this time, I think the market’s different. I feel like there’s a market of houses at that size that will continue to come on the market once they’re done and renovated.”
Totaling six bedrooms with six bathrooms and three half-baths, the Georgian-style house was built in 1937 and added onto in 2008, when the Ernsts remodeled it. It is located just off Cary Street Road, fronting the convergence of Stratford Crescent and Roslyn Road.
The 1.7-acre property includes an adjoining lot that sells with the house.
Jay Hugo with architecture firm 3North designed the renovation, and J.D. Robbins Builder Inc. completed the remodel. A heated saltwater pool was installed six years later by Charlottesville Aquatics.
The house has two wet bars and a 1,300-bottle wine cellar and tasting room on the basement level, where there’s also a spa with gas fireplace, a wet/dry sauna and a workout room.
Four bedrooms fill the bulk of the second floor, including the primary suite with a marble bath and tub. The top floor includes another bedroom and a reading nook and sitting area. The 20-by-44-foot pool includes a hot tub and 40-degree cold plunge tub. The property also has a three-car garage with upstairs in-law suite or flex space.
The kitchen with vaulted ceiling.
The city has assessed the double-lot property collectively at $4.6 million.
The listing follows an even-pricier Cary Street corridor home that hit the market in June: 5407 Cary Street Road, which was listed at $9.5 million in mid-June and went under contract two weeks later. Susie Benson with The Steele Group | Sotheby’s International Realty has that listing.
Also nearby, the French Normandy-style house at 5800 Three Chopt Road hit the market in June at just under $3 million. The 6,400-square-foot house, across from the Country Club of Virginia at Three Chopt’s intersection with Cary Street and River roads, also is under contract.
A few doors away, 5904 Three Chopt sold in May for $2.9 million. And at 20 River Road, the 1800s-era house on a bluff overlooking CCV was listed Aug. 1 at nearly $2.5 million.
The 10,000-square-foot house at 5105 Stratford Crescent returned to the market last week, less than a year after it last sold. (Photos courtesy CVRMLS)
A 10,000-square-foot mansion that sold for over $6 million last fall is back on the market.
5105 Stratford Crescent, a centerpiece home in Richmond’s Hampton Gardens neighborhood, was listed for sale last week with an asking price of $6.75 million.
That’s a half million dollars more than it sold for in October and a quarter million more than its $6.5 million listing price last summer.
The 1.7-acre property, which includes an adjoining lot, was listed July 31 with agent John Martin, who represented the buyer and seller in last year’s deal. Martin said the mystery owner, who purchased the house last year using an LLC, simply had a change of mind.
John Martin
“They just want to do something different,” said Martin, who’s co-listing the house with his wife Holly Martin. The team with Shaheen, Ruth, Martin & Fonville Real Estate likewise shared last year’s listing for the previous sellers, Matthew and Amy Ernst, who bought the double-lot property for $2.5 million in 2008.
John Martin said nothing has been done to the house since the October sale beyond upkeep and prep for showings this go-round. Showings start Monday.
“We’ve already got good traffic lined up. It’s been a good response,” he said. “It was good last time, but this time, I think the market’s different. I feel like there’s a market of houses at that size that will continue to come on the market once they’re done and renovated.”
Totaling six bedrooms with six bathrooms and three half-baths, the Georgian-style house was built in 1937 and added onto in 2008, when the Ernsts remodeled it. It is located just off Cary Street Road, fronting the convergence of Stratford Crescent and Roslyn Road.
The 1.7-acre property includes an adjoining lot that sells with the house.
Jay Hugo with architecture firm 3North designed the renovation, and J.D. Robbins Builder Inc. completed the remodel. A heated saltwater pool was installed six years later by Charlottesville Aquatics.
The house has two wet bars and a 1,300-bottle wine cellar and tasting room on the basement level, where there’s also a spa with gas fireplace, a wet/dry sauna and a workout room.
Four bedrooms fill the bulk of the second floor, including the primary suite with a marble bath and tub. The top floor includes another bedroom and a reading nook and sitting area. The 20-by-44-foot pool includes a hot tub and 40-degree cold plunge tub. The property also has a three-car garage with upstairs in-law suite or flex space.
The kitchen with vaulted ceiling.
The city has assessed the double-lot property collectively at $4.6 million.
The listing follows an even-pricier Cary Street corridor home that hit the market in June: 5407 Cary Street Road, which was listed at $9.5 million in mid-June and went under contract two weeks later. Susie Benson with The Steele Group | Sotheby’s International Realty has that listing.
Also nearby, the French Normandy-style house at 5800 Three Chopt Road hit the market in June at just under $3 million. The 6,400-square-foot house, across from the Country Club of Virginia at Three Chopt’s intersection with Cary Street and River roads, also is under contract.
A few doors away, 5904 Three Chopt sold in May for $2.9 million. And at 20 River Road, the 1800s-era house on a bluff overlooking CCV was listed Aug. 1 at nearly $2.5 million.
I bet it had something to do with the traffic in Cary St. That stretch is a nightmare with people traveling it to avoid the tolls. The light at Libbie will make it impossible for anyone to get out of their driveway
Doubtful. Cary St. Rd. doesn’t suddenly have new traffic, and they have easy access to Grove (this home’s driveway is not on Cary). For people in this tax bracket, it’s normal to have multiple homes and their need to have a home in Richmond of this size might have changed.
What’s someone’s tax bracket have to do with anything?
Maybe not access so much as the din of the commuter traffic that is audible on Stratford Crescent and is certainly more pronounced in the back yard that faces Cary Street Road. Some people get used to it and some don’t.
Someone still needs to explain to me if the house sold for $6.25M and is listed higher (and will probably sell close to that price) and the state law states properties must be assessed at 100% fair market value why is the assessment still at only $4.6M. It means it is assessed at under 65% of the FMV. And land books close each January from reassessment so the sale should have been caught. I hope the new assessment changes adopted in May correct help catch these big differences.
The listing consists of two lots. Did you combine the value of both lots?
It’s a 1.7 acre property w/ajoining lot,not two lots.