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CondominiumResidential

1701 Summit Ave

RICHMOND, VA 23230
0.28 ac
Lot SizeThe size of the land the home sits on, from county records.
1920
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
Built 192014 units859–1,271 ft²
$5.3M
All units combinedThe sum of our current value estimates for every unit in the building — roughly what the whole building's homes are worth together.
$393K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$372
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

+34.4%vs the Richmond ZIP median sale $/ft² ($277)

Sales Performance

$363K
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
-6.1%
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
2
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
14.3%
Turnover (12 mo)The share of units that changed hands in the last 12 months. Around 4–6% a year is typical; much higher can signal investor churn or a wave of exits.
This building's own appreciationThe building's own appreciation: for every unit that sold twice (held over a year), we compute its yearly price change between the two sales and take the middle value. This is the cleanest read on how this specific building performs, because it compares each unit to itself.
+6.6%per yeartypical hold 3.3 yrsfrom 27 same-unit resales
Median sale price (yearly, all time)Every recorded arms-length sale in the building since records begin, grouped by year: the bars count sales and the line tracks the median price paid.MedianSales
20062010201320162018202120232026
Sale price per ft² (yearly, all time)The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.$/ft²
20062010201320162018202120232026

42 arms-length sales on record for this building.

Unit Mix & Floor PlansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.

Every unit: size vs estimated valueEvery unit in the building as one dot: across is its size, up is our current value estimate, and color is its bedroom count. Vertical columns of dots are recurring floor plans; the height spread within a column shows how much floor, view and condition move prices for the same layout.
$319K$360K$401K$442K859 ft²941 ft²1,024 ft²1,106 ft²1,189 ft²1,271 ft²
1 bd2 bd
1 bed
1 unit
2 bed
13 units
Recurring floor plansThe building's recurring floor plans, found by grouping units with identical beds, baths and square footage in county records. Larger groups are the building's standard layouts; leftover units have one-off sizes.
2 bd · 2 ba · 1,062 ft²
5 units
2 bd · 2 ba · 1,002 ft²
2 units
One-off layouts
7 units

Value DistributionHow the building's units spread across value ranges by our current estimates. A wide spread usually means big differences in size, floor or view.

$319K–$319K
1 unit
$336K–$339K
2 units
$353K–$362K
2 units
$385K–$394K
3 units
$397K–$407K
4 units
$423K–$423K
1 unit
$442K–$442K
1 unit

Ownership & Financing

Owner-occupiedThe share of units where the owner lives in the unit, per county records. The rest are second homes or rentals.64%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.21%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.4.6 yrs
Cash purchases (5 yrs)The share of purchases in the last 5 years with no mortgage recorded. High cash share is common in second-home and investor buildings.17%
Avg. loan-to-valueAverage current loan balance against unit value across the building. Low numbers mean owners hold lots of equity — a sign of financial stability.73%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$305,124
Median tax billThe middle annual property tax bill among the building's units.$4,008
Pre-foreclosure noticesUnits with an active pre-foreclosure or foreclosure notice on file.0

Recent SalesThe latest recorded arms-length sales in the building, newest first.

Unit 6May 1, 2026$345,000Unit 14Feb 4, 2026$380,000Unit 2May 14, 2025$397,000Unit 4Oct 17, 2024$375,000Unit 3Aug 5, 2024$375,000Unit 14Mar 27, 2023$389,500Unit 10Oct 13, 2022$335,000Unit 13Jun 16, 2022$331,000Unit 6Nov 17, 2021$258,000Unit 3Oct 1, 2021$305,000

Values are TopHap estimates, not appraisals. Sales, ownership and tax figures come from recorded county documents via ATTOM and can lag by several weeks.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Condominium
StyleThe architectural style of the home, such as ranch or colonial.Condo/Apartment
CountyRICHMOND CITY
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.2000
Lot (acres)The size of the land the home sits on, from county records.0.28
ConstructionThe main material the home's frame and walls are built from.Wood (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Composition Shingle
HeatingThe type of heating system in the home.Forced Air With Air Conditioning
CoolingThe type of cooling or air conditioning in the home.Central
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

M
Albert Hill Middle SchoolC-
Middle · Grades 6–8 · 0.8 mi
H
Thomas Jefferson High SchoolC-
High · Grades 9–12 · 1.0 mi
E
George W. Carver Elementary SchoolF
Elementary · Grades KG–5 · 1.5 mi

District: Richmond City Public Schools

Neighborhood · ZIP 23230These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.120
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.90
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.65

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.94%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.39%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.11%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.1%
PopulationHow many people live in this area.10,219
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.2,353 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$79,210
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$95,943
Average tempThe average temperature here across a full year.57°F
Annual precipHow much rain and melted snow falls here in a typical year.44 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.63%

All UnitsEvery property record the county has at this street address, such as the units in a condo building. Prices shown are our estimates, not asking prices.

1701 Summit Ave
2 bd · 2 ba · 1,271 ft²
$442K
1701 Summit Ave # 2
2 bd · 2 ba · 1,104 ft²
$353K
1701 Summit Ave # 3
2 bd · 2 ba · 1,062 ft²
$339K
1701 Summit Ave # 4
2 bd · 2 ba · 1,002 ft²
$319K
1701 Summit Ave # 5
2 bd · 2 ba · 1,062 ft²
$423K
1701 Summit Ave # 6
2 bd · 2 ba · 859 ft²
$336K
1701 Summit Ave
2 bd · 2 ba · 1,062 ft²
$385K
1701 Summit Ave # 8
2 bd · 2 ba · 1,002 ft²
$392K
1701 Summit Ave # 9
2 bd · 2 ba · 1,062 ft²
$394K
1701 Summit Ave # 10
2 bd · 2 ba · 1,005 ft²
$407K
1701 Summit Ave # 11
2 bd · 2 ba · 1,062 ft²
$397K
1701 Summit Ave # 12
2 bd · 2 ba · 998 ft²
$400K
1701 Summit Ave # 13
1 bd · 2 ba · 1,047 ft²
$399K
1701 Summit Ave # 14
2 bd · 2 ba · 1,162 ft²
$362K

Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

About 1701 Summit Ave

How many units are in 1701 Summit Ave, Richmond, VA?

1701 Summit Ave, Richmond, VA has 14 residential units across built in 1920, according to county assessor records.

What is a unit at 1701 Summit Ave, Richmond, VA worth?

The median TopHap Estimate across the 14 units at 1701 Summit Ave, Richmond, VA is $392,676. That works out to $372 per square foot. Units run from 859 to 1,271 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 1701 Summit Ave, Richmond, VA expensive for Richmond?

Units at 1701 Summit Ave, Richmond, VA carry a median of $372 per square foot, 34% above the Richmond median of $277 per square foot.

How often do units sell at 1701 Summit Ave, Richmond, VA?

2 units at 1701 Summit Ave, Richmond, VA sold in the last 12 months, out of 42 recorded arms-length sales all time. That is a turnover rate of 14.3% of the building per year. The median sale over that period was $363K.

Have units at 1701 Summit Ave, Richmond, VA appreciated?

Across 27 repeat sales of the same unit, 1701 Summit Ave, Richmond, VA returned a median 6.6% per year. Because each pair is the same unit bought and sold, the figure is not distorted by which units traded. The median owner held for 3.3 years.

What floor plans does 1701 Summit Ave, Richmond, VA have?

The most common plan at 1701 Summit Ave, Richmond, VA is a 2-bedroom of 1,062 square feet, repeated 5 times, with a median estimate of $393,613. TopHap identifies 2 recurring plans in the building.

More homes on Summit Ave

Closest homes

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Assigned schools

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