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Residential - Vacant LandResidential

2416 PARK AVE

RICHMOND, VA 23220
2,139 ft²
Lot SizeThe size of the land the home sits on, from county records.
Built 19146 units1,318–1,324 ft²
$2.6M
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.
$416K
Median unit valueThe middle unit value in this building by our estimate: half the units are worth more, half less.
$315
Median $/ft²The middle price per square foot across the building's units, by our current estimates. Useful for comparing units of different sizes.

-7.1%vs the Richmond ZIP median sale $/ft² ($339)

Sales Performance

—
Median sale (12 mo)The middle sale price among this building's units that sold in the last 12 months, from recorded deeds.
—
1-yr changeHow the building's median sale price over the last 12 months compares with the 12 months before that.
0
Sales (12 mo)Units in this building that sold in the last 12 months, from recorded arms-length deeds.
0.0%
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.
+2.1%per yeartypical hold 3.2 yrsfrom 6 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
2017201820202021202220242025
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
2017201820202021202220242025

12 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.

2 bed
6 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 · 1,319 ft²
2 units
2 bd · 2 ba · 1,324 ft²
2 units
One-off layouts
2 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.

$391K–$415K
3 units
$417K–$425K
2 units
$587K–$587K
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.83%
Company-ownedUnits owned through an LLC, trust, or other company — a rough proxy for investor ownership.0%
Typical owner tenureThe middle number of years since each unit last changed hands — how long the current owners have been in place.5.1 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.33%
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.57%
Median owner equityThe middle dollar amount of equity (value minus loans) unit owners hold in this building.$420,437
Median tax billThe middle annual property tax bill among the building's units.$6,444
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 4Apr 25, 2025$650,000Unit 2Jul 8, 2024$515,000Unit 5Jan 10, 2022$445,325Unit 6Feb 25, 2021$435,000Unit 1Feb 2, 2021$452,000Unit 4Jul 17, 2020$435,000Unit 3May 18, 2020$420,000Unit 2Dec 3, 2018$435,000Unit 1Jan 29, 2018$409,950Unit 6Sep 6, 2017$419,950

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

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$504 (2026)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$42,000 (2026)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$42,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$42,000

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Residential - Vacant Land
CountyRICHMOND CITY
Lot (acres)The size of the land the home sits on, from county records.0.05
PoolWhether the property has a pool, and what kind, such as in-ground.No

Neighborhood · ZIP 23220These 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.118
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.97
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.67

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.92%
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.22%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.0.9%
PopulationHow many people live in this area.39,857
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.8,201 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$61,038
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$84,454
Average tempThe average temperature here across a full year.58°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%

Ownership

OccupancyWhether the owner appears to live here or somewhere else. It is inferred from the mailing address on record.Absentee owner
Company ownedWhether the owner is a company or trust rather than a person.Yes

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.

2416 Park Ave
2416 Park Ave
2 bd · 2 ba · 1,318 ft²
$417K
2416 Park Ave
2 bd · 2 ba · 1,323 ft²
$415K
2416 Park Ave # 3
2 bd · 2 ba · 1,319 ft²
$425K
2416 Park Ave
2 bd · 2 ba · 1,324 ft²
$587K
2416 Park Ave # 5
2 bd · 2 ba · 1,319 ft²
$391K
2416 Park Ave
2 bd · 2 ba · 1,324 ft²
$395K

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

About 2416 Park Ave

How many units are in 2416 Park Ave, Richmond, VA?

2416 Park Ave, Richmond, VA has 6 residential units across built in 1914, according to county assessor records.

What is a unit at 2416 Park Ave, Richmond, VA worth?

The median TopHap Estimate across the 6 units at 2416 Park Ave, Richmond, VA is $415,901. That works out to $315 per square foot. Units run from 1,318 to 1,324 square feet. Estimates are modelled from recorded sales and assessments, not appraisals.

Is 2416 Park Ave, Richmond, VA expensive for Richmond?

Units at 2416 Park Ave, Richmond, VA carry a median of $315 per square foot, 7% below the Richmond median of $339 per square foot.

How often do units sell at 2416 Park Ave, Richmond, VA?

0 units at 2416 Park Ave, Richmond, VA sold in the last 12 months, out of 12 recorded arms-length sales all time. That is a turnover rate of 0.0% of the building per year.

Have units at 2416 Park Ave, Richmond, VA appreciated?

Across 6 repeat sales of the same unit, 2416 Park Ave, Richmond, VA returned a median 2.1% 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 3.2 years.

What floor plans does 2416 Park Ave, Richmond, VA have?

The most common plan at 2416 Park Ave, Richmond, VA is a 2-bedroom of 1,319 square feet, repeated 2 times, with a median estimate of $407,822. TopHap identifies 2 recurring plans in the building.

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