More than 30 properties across five counties could be auctioned in a few weeks if a local builder doesn’t repay a $4 million loan.
Residential Real Estate
An 8,000-square-foot Goochland home sold for more than $1.8 million after being on the market for just one day. It was the tenth local residential sale of $1 million or more in June.
The expansive former home and farm of a U.S. congressman was sold for more than $17 million last week.
With two housing developments already in the works, HHHunt plans to break ground on a third subdivision in the Wyndham community in Henrico County aimed at young families and professionals.
A local business owner topped the bids on a Chickahominy riverfront mansion during a court-ordered auction of the home.
A local developer purchased an entire Church Hill block of run-down properties with plans to restore the string of nearly 150-year-old buildings. With encouragement from the neighbors, crews have started transforming the old spaces into single-family homes.
A Richmond real estate developer bought more than 450 acres of rural land in Powhatan County for nearly $1.5 million. He plans to divide and sell the property in about 40 lots.
The home with the highest sales price in Richmond in May is for sale again, less than a month after its current owner bought it. The price on the Tempsford Hills house has increased to more than $1.1 million.
A nearly 10,000-square-foot home on the Chickahominy River and at least 10 cars from its garage, including a 1968 Mustang, will be put up for auction over the coming weeks.
A local man worked out an agreement with a development team to save a 125-year-old house from demolition. The team altered its plans to keep the home intact and are now set to build several new luxury houses around it.