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1532 Mechanicsville Tpke, Richmond, VA, 23223

3beds
3baths
1,500sqft
$359,000
$239price/sqft
$2,520/moest. monthly cost
$100,800/yrincome needed

About This Home

NEW CONSTRUCTION TOWNHOME IN THE CITY. Construction to begin next week and expected to be ready in 2026. Now's your chance to own new construction in a neighborhood that already has roots. Exterior vinyl siding keeps maintenance simple. Inside, boasts luxury vinyl flooring throughout. This townhome offers an open-concept main level where the family room flows into a crisp kitchen featuring quartz countertops and a center island with direct access to the back deck, extending your living space outdoors. Upstairs is designed for everyday ease: the primary suite features spacious walk-in closet and an ensuite bath with a double vanity. Two additional bedrooms with a shared full hall bath, and an upstairs laundry room for convenience. All bedrooms sized well and feature ample closet space. Opportunities like this are not common in this area. You’re set inside an established neighborhood with quick access to Downtown, Church Hill, Shockoe Bottom, VCU/MCV, parks and local dining. PLUS easy access to I-64 & I-95. Builder currently allowing buyer to request finishes and selections via change order.

Getting Around

61
WalkingSomewhat Walkable
40
TransitSome Transit
50
BikeBikeable

Schools

3/10
2/10
Armstrong High SchoolGrades 9-120.7 mi

Construction

Condition

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

Materials

  • Foundation: Slab
  • Roof: Asphalt,Shingle
  • Construction materials: Block,Vinyl Siding

Type & Style

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

Interior

Appliances

  • Laundry features: Washer Hookup,Dryer Hookup

Bedroom2

  • Level: Second

Bedroom3

  • Level: Second

Bedrooms & Bathrooms

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

Family Room

  • Level: First

Features

  • Dining Area,Granite Counters,Kitchen Island,Pantry,Walk-In Closet(s)
  • Flooring: Vinyl
  • Attic: Access Only
  • Finished area below ground: 0
  • Finished area above ground: 1,500

Half Bath

  • Level: First

Heating & Cooling

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

Interior Area

  • Total interior livable area: 1,500 sqft

Kitchen

  • Level: First

Master Bedroom

  • Level: Second

Other

  • Level: Second

Property

Details

  • Parcel number: E0000672031
  • Attached to another structure: Yes

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Fencing: None

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

How This Home’s Risks Compare

Earthquake
Heat Wave

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 $1,815$21,780
Home Insurance *$147$1,764
Property Taxes $356$4,272
Electricity $202$2,433
Total$2,520$30,240
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$86,400/yr
40% on housing$75,600/yr
45% on housing$67,200/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

$239This listing

vs Other Active Listings

Avg $/sqft

ZIP 23223$175
Richmond City$217

vs Homes Sold Last Month

Median $/sqft

ZIP 23223$219
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
2025-10-20Listed for sale$359,000
2024-08-20Sold$80,000
2023-12-15Listing removed--
2023-10-19Price change$95,999
2023-10-11Price change$97,999
2023-09-28Listed for sale$99,999

New Construction

AgentSarah Romero
BrokerageReal Broker LLC

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