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Optioned Properties
A.C.O.R.N. has control of several unrenovated properties in Richmond's oldest neighborhoods available for purchase through its Option Program
What Exactly is an A.C.O.R.N. Option Property?
This is when A.C.O.R.N. purchases selling options on vacant or abandoned buildings in Richmond's old neighborhoods. An "Option To Sell" gives A.C.O.R.N. an exclusive right to find a purchaser for the property during a specific time frame at an established price. This means that A.C.O.R.N. would use the agreed upon period of time to find a purchaser committed to renovating the property. A.C.O.R.N. does not profit from the sale of an option, by keeping prices as low as possible we hope to move more properties back to productive use.
BASIC STEPS FOR AN OPTION AGREEMENT
- Property Owner and A.C.O.R.N review the Option Agreement
- A.C.O.R.N. evaluates property for condition and to determine if it can find a buyer for the house.
- Terms and purchase price of Option are determined that will include the amount of time required to sell the property.
- Option Agreement is drafted for the Owner and A.C.O.R.N. to sign.
- A.C.O.R.N. pays Owner for this Option.
- A.C.O.R.N. actively promotes the property through its web site, advertising, and various data base contacts.
- Once a buyer is found, A.C.O.R.N. will draft a separate Purchase Contract that will go to a real estate closing attorney.
- All offers will continue to be presented to the Seller for a particular property until a Purchase Contract is signed.
A.C.O.R.N. pays $500.00 for the exclusive right to find a purchaser for a property that is reimbursed to our Revolving Fund. In addition, we charge a $2,000.00 flat fee to cover our internal administrative and legal expenses. Both of these expenses are paid to A.C.O.R.N. by the purchaser of the property.
A.C.O.R.N. CURRENT PROPERTIES UNDER OPTION:
Listed below are properties A.C.O.R.N. currently has under an Option Agreement. If you have a vacant property that you wish to sell please contact us and we will make sure we add it here and work toward the sale of the property.
NORTH CHURCH HILL:
609 North 30th Street ~ NEW OFFERS CONSIDERED!
(click on the address for a locater map)
This small house is typical of many frame row houses dotted all across the Church Hill neighborhood. Once renovated, this house would be a perfect first home for a single person or couple.
PHOTOS:
Facade |
Front Cornice |
Side View |
Rear View |
The the current zoning is R-53
Multi-Family Residential but the use of the house is
single family. The
house is approx. 1348 square feet on 2 floors. An addition off of the
rear of the first floor could create a generous new kitchen area.
The North
Church Hill neighborhood
has
been placed on the State and
National Registers of Historic Places and thus, State
and Federal
Historic Tax Credits apply to this property. In
addition, Richmond's
Tax Abatement Program is available for this house.
If
you have an interest in this property, call
A.C.O.R.N.
for
further details and to make an appointment to see the full potential of
this home or to submit a bid.
OPTION PRICE: $ 68,950 OR BEST OFFER!
All offers reviewed by
Owner
(A.C.O.R.N.'s $2,500.00 Option Fee for legal / administrative costs will be added to final accepted offer)
Contact: David Herring
Phone: 804-422-2148
dherring@richmondneighborhoods.org
All information provided is deemed reliable
but is not guaranteed and should be verified.
JACKSON WARD ~ North (North of I-95)
910-912 North 2nd Street
(click on the address for a locater map)
Jackson Ward, one of Richmond's most historic neighborhoods, established in the early 1800's, is perhaps best known for its rich African~American history. The period just before the Civil War saw the establishment of a community of free black craftsmen and entrepreneurs in Jackson Ward. During Reconstruction, the area became one of the most successful and influential black communities in America, with segregation dictating the concentration of talent in Jackson Ward. This thriving community coalesced around large and popular churches such as Sixth Mount Zion at 14 East Duval and Ebenezer Baptist on Leigh Street. Black-owned banks and insurance companies sprang up on the streets of Jackson Ward. During the early 1960's, I-95 split Jackson Ward in two pieces. 910-912 are located just north of I-95 in the small enclave of historic houses that remain. While the structures have been modernized, the basic architectural elements of its Greek Revival style still remain. These houses were built circa 1850.
PHOTOS:
|
|
North Side |
Street View |
The current zoning is B-2 Community Business The combined area of both 910 & 912 is approx. 4821 square feet on 2 floors. This property is eligible for Richmond's Tax Abatement Program.
If you have an interest in this property, call A.C.O.R.N. for further details and to make an appointment to see the full potential of this property or to submit a bid.
OPTION PRICE: $ 55,000 (both buildings)
All offers reviewed by
Owner
(Total cost is $57,500 including reimbursement of
A.C.O.R.N.'s $2,500 Option Fee and legal / administrative costs)
Contact: David Herring
Phone: 804-422-214
Email: dherring@richmondneighborhoods.org
All information provided is deemed reliable but is not guaranteed and should be verified.
WOODLAND HEIGHTS - SOLD! A.C.O.R.N. Welcomes Another New
Homeowner Woodland Heights!
3012 Semmes Aveune
(click on the address for a locater map)
Woodland Heights, bounded by Bainbridge Street to Riverside Drive and 24th to 34th Streets on the city’s south side, is one of Richmond’s streetcar suburbs. The area traces its origins to the advent of the street car, the popular form of urban mass transportation of over a century ago. Established in 1890, the streetcar line ran a distance of 14 miles across what had been the Fonticello estate, whose owners subdivided the property into Woodland Heights in order to capitalize on the rising real estate market of the day. This area is full of Four Square style of house popular at the time, and features a square floor plan divided into four sections on 2 levels. The house shown here was built in 1926.
PHOTOS:
|
|
Detail of Attic Dormer |
Living Room looking into Dining Room |
Front Stair |
Stairs looking at 2nd Floor Hall |
The the current zoning is R-5 Single Family Residential . The house is approximately
1874 square feet on 2 floors and features a full basement. View the Property Report
The Woodland Heights neighborhood has been deemed eligible for the State and National Registers of Historic Places but has yet to go through the nomination and listing process. As far as financial incentives, Richmond's Tax Abatement Program
is available for this house. If you have an interest in this property, call A.C.O.R.N. for further details and to make an appointment to see the full potential of this home or to submit a bid.
SOLD!
APPRAISED VALUE: $ 200,000 OR MAKE AN OFFER!
All offers reviewed by Owner
(Total cost is $202,500 including reimbursement of A.C.O.R.N.'s $2,500.00 Option Fee for legal / administrative costs)
Contact: David Herring
Phone: 804-422-2148
Email: dherring@richmondneighborhoods.org
All information provided is deemed reliable but is not guaranteed and should be verified