5 least expensive homes sold in Richmond in 2014 - NBC12 - WWBT - Richmond, VA News On Your Side

5 least expensive homes sold in Richmond in 2014

Source: Redfin.com Source: Redfin.com
RICHMOND, VA (WWBT) - The five least expensive homes sold in Richmond in 2014 were for $10,000 or less, according to Redfin Real Estate.

Redfin agent Warren Teller says the homes were "essentially shells ready for rehabilitation."

"While they require a lot of work and significant investment, we may see these properties back on the market at 20 to 30 times the original purchase price after they are renovated," said Teller. "Hypothetically, you could buy 325 of the least expensive homes for the cost of the most expensive home sold this year."

Here is the list of the five least expensive homes:

1. 1202 N 31st St - Sold in December for $6,000

2. 1315 N 21st St - Sold in February for $6,000

3. 3209 5th Ave - Sold in January for $8,000

4. 2314 R St - Sold in July for $8,800

5. 1421 Mechanicsville Tpke - Sold in May for $10,000

Click here to view the slideshow on mobile: http://shout.lt/Q4Xs

Click here to see the five most expensive homes sold in Richmond in 2014: http://shout.lt/Q027

For more information on homes listed in the Richmond area, visit the Redfin website: https://www.redfin.com/city/17149/VA/Richmond

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