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3406 Mike Rd, Richmond, VA, 23234

2beds
2baths
1,115sqft
$235,000
$211price/sqft
$1,714/moest. monthly cost
$68,560/yrincome needed

About This Home

Welcome to 3406 Mike Rd, a stunning 3-bedroom home in a charming and quiet neighborhood only minutes to the heart of RVA. This beauty has been upgraded and offers a spacious floor plan with ample natural light. From the front yard, notice the bold and vibrant colors that really make this home pop. Inside, you'll love the airy and open layout of this home. Luxury vinyl flooring expand from the living room onto the dining room. The Elongated Kitchen features Stainless Steel Appliances, White Cabinets adorned with Granite Countertops & Tile Backsplash & lead to the rear Laundry/Utility room. The Primary Bedroom boast a lovely Walk In Closet, great space & a NEW Ensuite w/Tiled Shower & Double Vanity. The 2nd & 3rd Bedroom are both spacious for friends & family. The Hall Bath has a deep soak in tub & tile surround. Outside, the Private rear yard offers a custom large rear Deck- making it a great space for outdoor living & entertaining. With additional storage in the detached shed, easy access to shopping, dining and entertainment.

Getting Around

4
WalkingCar-Dependent
25
TransitSome Transit
30
BikeSomewhat Bikeable

Schools

2/10

Construction

Condition

  • Property condition: Resale
  • Year built: 1950

Materials

  • Roof: Shingle
  • Construction materials: Frame,Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Bungalow,Cottage,Custom,Ranch
  • Property subType: Single Family Residence

Interior

Bedroom2

  • Level: First

Bedroom3

  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Level: First

Features

  • Attic: Access Only
  • Finished area below ground: 0
  • Finished area above ground: 1,115

Foyer

  • Level: First

Heating & Cooling

  • Heating features: Electric,Heat Pump
  • Cooling features: Heat Pump

Interior Area

  • Total interior livable area: 1,115 sqft

Kitchen

  • Level: First

Laundry

  • Level: First

Living Room

  • Level: First

Master Bedroom

  • Level: First

Other

  • Level: First

Property

Details

  • Parcel number: S0080822037
  • Zoning description: R-4
  • Special condition: Corporate Listing,Real Estate Owned

Features

  • Levels: One
  • Stories: 1
  • Pool features: None

Lot

  • Lot size: 7,527 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Earthquake
Heat Wave
Inland Flooding

FEMA Declared Disasters Across Virginia Counties

Severe Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,188$14,256
Home Insurance *$91$1,092
Property Taxes $233$2,796
Electricity $202$2,433
Total$1,714$20,568
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$58,765/yr
40% on housing$51,420/yr
45% on housing$45,706/yr

Virginia FAIR Plan Programs

Virginia Property Insurance Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 22,622Commercial: 503
Total Premiums$20.86M
Total Exposure$4.29B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.7%
8.7%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 7.8%
7.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$211This listing

vs Other Active Listings

Avg $/sqft

ZIP 23234$159
Richmond City$217

vs Homes Sold Last Month

Median $/sqft

ZIP 23234$200
Richmond City$226

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-05-19Sold$243,006
2023-05-03Sold$235,000
2023-02-20Pending sale$240,000
2023-02-14Listed for sale$240,000
2022-08-16Sold$80,000

Unknown Listed By

AgentTony Gray
BrokerageVirginia Resource Realty LLC

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