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Live in the heart of Union Hill - Walking distance to all the great restaurants, bakeries, shops, & parks. This 2 bed/2.5 bath Italianate rowhome has a huge fenced yard and has 3 off-street parking spaces. The large kitchen has granite counters, brand-new stainless appliances + new garbage disposal, a new porcelain floor, a new backsplash, and new lighting. The living & dining room has hardwood floors, exposed brick fireplaces- 1 gas-working - new modern lighting. -Upstairs to 2 primary bedrooms & 2 full baths, refinished original wood floor, exposed nonworking fireplaces, new en-suite bathroom tile floor & shower. Instant on-demand gas water heater - Crawlspace has recently been updated - includes a new vapor barrier, dehumidifier, and fixed insulation. The exterior offers a relaxing front porch, 2nd level rear balcony/deck, and a large fenced lot perfect for activities and entertaining. . Rare DOUBLE BUILD-ABLE CORNER LOT! The buildable lot has income-producing possibilities or expansion to the existing home! Lot is build-able per seller. Confirm w/ the City of Richmond. The shed in the backyard has electricity (the shed conveys as is). Stackable Washer/Dryer conveys.

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As prices for single-family homes balloon out of reach, many buyers are turning to condos, sending that market into a frenzy of its own.

April 14, 2022

Median single-family home prices in the United States reached a record of $406,000 in February, a nearly 16 percent increase compared to a year earlier and nearly 35 percent over February 2020, according to a study by Redfin. New interest-rate hikes will make these homes even less affordable, leading many buyers to turn to condos as an alternative. While the condo market slouched at the start of the pandemic — due in part to concerns about living in proximity to others — demand has roared back. Redfin’s study found that the rate of inventory decline for condos is now outpacing that of single-family homes: There were 28 percent fewer condos for sale in February compared to February 2021, and 14 percent fewer single-family homes. As a result, the median sale price for condos hit a record high of $319,000 this February. Among the 67 largest markets tracked by Redfin, Nashville saw the greatest one-year price increase — a stunning 49 percent. (Texas was excluded from the study because nondisclosure laws prevented accurate data collection, as were metros with fewer than 50 condo sales in February.) More condos are selling over asking price, too — 41 percent in February, up from about 25 percent last February. San Jose, Calif., topped that list, with more than 74 percent of condos going for over asking price. The greatest over-asking-price premium was found in San Francisco, where condos sold at an average of about 6 percent over asking.

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