Ranch home in Richmond, VA
A Ranch home in Richmond, VA, it offers 4 bedrooms and 1.5 bathrooms across 1,014 square feet. The Ranch styling carries through the home's design.
| Price | $264,950 |
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| Beds | 4 |
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| Baths | 1.5 |
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| Sqft | 1014 |
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| Architectural style | Ranch (33% match) |
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| Address | 1904 Ridgemont Rd, Richmond, VA 23224 |
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Why buy this home
- Confirmed Ranch architecture, matched from the listing photos by Enzo's vision model.
- Links directly to the original source listing on Trulia.
Is this a good buy?
Priced below comparable homes.
- At $265K, this home is 17% below the $320K median for 273 similar Ranch homes in Richmond, VA.
- That works out to $261 per square foot, 7% above the $243 comparable rate.
- On the market 60 days, longer than usual here, so the seller may be open to offers.
| This home | $264,950 |
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| Ranch median in Richmond, VA | $319,950 (273 homes) |
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| Price per sq ft | $261 vs. $243 comps median |
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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 $1,742/month with 20% down at a 7.28% 30-year fixed rate. You would need about $74,644 in gross annual income to keep housing within a 28% ratio.
| Mortgage (P&I) | $1,450/mo |
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| Property tax (new-buyer reassessed rate) | $192/mo |
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| Homeowners insurance | $99/mo |
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| Total monthly | $1,742/mo |
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| Down payment (20%) | $52,990 |
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| Income needed | $74,644/yr |
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A signal to compare homes, not financial advice or a loan offer.
Financial outlook (modeled)
Enzo's grades this home B+ (80 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+ (80/100) |
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| Beats renting in | 48% of modeled paths |
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| Modeled 5-yr equity (median) | $169,465 |
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| Range (10th to 90th pct) | $111,803 to $241,435 |
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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 Trulia