The owners of a home in Powhatan filed for bankruptcy last week, stalling the foreclosure of their 12-acre property. The riverfront home and a larger tract of land around it have been on the market for more than a year, and this isn’t the first time it has been on the auction block.
Residential Real Estate
A stretch of modern homes that stand out among the historic rowhouses that surround it in the Fan closed its final sale this week.
A condo development on Lombardy Street stalled by the recession is back on the table following a $2.3 million sale of the property.
A 300-home expansion of an existing subdivision in Henrico County has continued to get pushed back by the developer as it addresses concerns from the Planning Commission and nearby residents.
Development projects are moving forward at Church and Pump roads in Henrico County, and the latest plans by a large local developer could add a $20 million residential community to the crossroads.
A rare type of subdivision has been floated for Goochland County – a plan that would put less than 30 homes on almost 130 acres.
Work to restore a block of North Church Hill rowhouses to their 19th-century appearance is steadily progressing – and revealing more of the legacy of one of Richmond’s notable builders.
A Virginia Beach builder that has taken on two massive residential projects in the area is finishing up a 360-unit apartment complex near Chesterfield Towne Center.
Despite a promising 2013, last year led to drops in construction and sales for several of the area’s top homebuilders. But the start of 2015 is indicating an upturn, even though the market is still far from pre-recession levels.
A local real estate agent has created a website to help walk homebuyers through the process and connect them with real estate firms.