home in Richmond, VA
Set in Richmond, VA, this home provides 3 bedrooms and 2 bathrooms across 2,203 square feet. The listing highlights fireplace and hardwood floors.
| Price | $450,000 |
|---|
| Beds | 3 |
|---|
| Baths | 2 |
|---|
| Sqft | 2203 |
|---|
| Address | 3207 Bute Lane, Richmond, VA 23221 |
|---|
Why buy this home
- Features: fireplace, hardwood floors.
- Links directly to the original source listing on Estately.
Is this a good buy?
Not enough comparable sales to call the price yet.
Enzo's reads public listing data and links to the original source. Confirm condition, HOA, taxes and fees there. This is a signal, not advice.
What it costs to own
Estimated at $2,958/month with 20% down at a 7.28% 30-year fixed rate. You would need about $126,778 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $2,463/mo |
|---|
| Property tax (new-buyer reassessed rate) | $326/mo |
|---|
| Homeowners insurance | $169/mo |
|---|
| Total monthly | $2,958/mo |
|---|
| Down payment (20%) | $90,000 |
|---|
| Income needed | $126,778/yr |
|---|
A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B- (70 out of 100) over a 5-year hold, from a Monte-Carlo of local home-price dynamics and the interest-rate path versus renting.
| Grade | B- (70/100) |
|---|
| Beats renting in | 26% of modeled paths |
|---|
| Modeled 5-yr equity (median) | $247,088 |
|---|
| Range (10th to 90th pct) | $155,015 to $357,130 |
|---|
A probabilistic model built on public data (Zillow ZHVI, FRED rates), not a guarantee or financial advice. Local price dynamics are pooled toward Richmond, VA where local data is thin.
Local home values
Typical home values in Richmond, VA have risen about 27% over the past 5 years (+3% in the last year), per the Zillow Home Value Index. This reflects the metro market, not this specific home.
View this home on Estately