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401 W 7th St, Richmond, VA, 23224

3beds
4baths
3,100sqft
$934,000
$301price/sqft
$6,427/moest. monthly cost
$257,080/yrincome needed

About This Home

MOVE IN READY brand new luxury End Townhome! The Southaven is a 4-story end unit second floor entry townhome. On the first floor you will find your 2-car rear load garage, as well a bedroom and full bath. You can take your personal elevator to any floor you choose, but first head on up to the second floor where you will find the main entry door to your home, along with your kitchen that has a large island opening right to the spacious family room with fireplace. A dining room completes the floor. The third floor has is an entire owner's suite with large primary bathroom and huge walk-in closet and laundry room! The 4th level media room opens your living space into your outdoor terrace. Here you can kick off your day with a cup of coffee, or perhaps start your evening with appetizers and drinks, while enjoying the beautiful views of the James River and Richmond skyline!

Getting Around

60
WalkingSomewhat Walkable
48
TransitSome Transit
56
BikeBikeable

Schools

4/10
5/10
Binford Middle SchoolGrades 6-81.8 mi
2/10
Armstrong High SchoolGrades 9-122.8 mi

Construction

Condition

  • Property condition: New Construction
  • New construction: Yes
  • Year built: 2025

Materials

  • Roof: Other
  • Construction materials: Brick,Drywall,Frame

Other

  • Builder name: Eagle Construction of VA, LLC

Type & Style

  • Home type: Townhouse
  • Architectural style: Row House
  • Property subType: Townhouse,Single Family Residence

Interior

Additional Room

  • Level: Fourth
  • Dimensions: 14.8 x 13.8

Additional Room

  • Level: Third
  • Dimensions: 10.5 x 11.9

Appliances

  • Appliances included: Cooktop,Dishwasher,Exhaust Fan,Gas Cooking,Disposal,Gas Water Heater,Oven,Range,Refrigerator,Tankless Water Heater
  • Laundry features: Washer Hookup,Dryer Hookup

Bedroom2

  • Level: First
  • Dimensions: 10.0 x 11.0

Bedroom3

  • Level: Fourth
  • Dimensions: 11.8 x 11.8

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1

Dining Room

  • Level: Fourth
  • Dimensions: 12.1 x 11.8

Family Room

  • Level: Third
  • Dimensions: 17.0 x 11.9

Features

  • Bedroom on Main Level,Separate/Formal Dining Room,Double Vanity,Granite Counters,High Ceilings,High Speed Internet,Kitchen Island,Bath in Primary Bedroom,Pantry,Recessed Lighting,Cable TV,Wired for Data,Walk-In Closet(s)
  • Door features: Sliding Doors
  • Window features: Screens,Thermal Windows
  • Flooring: Partially Carpeted,Tile,Wood
  • Number of fireplaces: 1
  • Fireplace features: Gas
  • Fireplace: Yes
  • Attic: None
  • Finished area below ground: 0
  • Finished area above ground: 3,100

Half Bath

  • Level: Second

Heating & Cooling

  • Heating features: Electric,Heat Pump,Natural Gas,Zoned
  • Cooling features: Central Air,Electric,Zoned

Interior Area

  • Total interior livable area: 3,100 sqft

Kitchen

  • Level: Third
  • Dimensions: 14.3 x 11.2

Master Bedroom

  • Level: Third
  • Dimensions: 18.1 x 14.2

Other

  • Level: First

Other

  • Level: Third

Other

  • Level: Fourth

Property

Accessibility

  • Accessibility features: Accessible Full Bath,Accessible Bedroom,Accessible Elevator Installed

Details

  • Parcel number: S0000007045
  • Attached to another structure: Yes
  • Special condition: Corporate Listing

Features

  • Levels: Three Or More
  • Stories: 4
  • Pool features: None
  • Patio & porch: Balcony,Rear Porch
  • Exterior features: Lighting
  • Fencing: None

Parking

  • Total spaces: 2
  • Parking features: Attached,Finished Garage,Garage,Garage Door Opener,Garage Faces Rear,Garage Faces Side
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

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

No climate risk data available.

How This Home’s Risks Compare

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 $4,722$56,664
Home Insurance *$473$5,676
Property Taxes $934$11,208
Electricity $298$3,583
Total$6,427$77,124
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$220,354/yr
40% on housing$192,810/yr
45% on housing$171,386/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

$301This listing

vs Other Active Listings

Avg $/sqft

ZIP 23224$137
Richmond City$217

vs Homes Sold Last Month

Median $/sqft

ZIP 23224$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
2025-10-03Price change$949,000
2025-03-31Listed for sale$959,000
2025-03-25Listing removed$959,000
2024-03-01Price change$959,000
2023-12-01Listed for sale$964,900
2023-05-18Listing removed--
2022-10-21Listed for sale$951,465

New Construction Spec

AgentScott Walker
BrokerageEagle Realty of Virginia

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