Off-market brick ranch built in 1960 featuring 3 bedrooms, 1 bathroom, approximately 1,656 square feet, and 2.73 wooded acres. Located in eastern Powhatan, approximately 30 minutes from downtown Richmond, the property sits back from Genito Road and includes a basement, covered rear patio, and detached steel workshop with its own driveway.
Offered at $235,000, with a seller-estimated $60,000 renovation budget and $425,000 after-repair value (ARV). The proposed renovation includes a cleanout, kitchen replacement, bathroom rebuild, flooring, paint, exterior improvements, and repairs to systems as needed.
The projected purchase price plus renovation budget totals $295,000, leaving a potential $130,000 gross spread before financing, closing, holding, selling, and other expenses. Estimates are subject to buyer verification.
Transaction Details
Walkthrough: Contact us to schedule
Closing Date: To be confirmed
Occupancy: To be confirmed
Earnest money required: To be confirmed
Financing: Cash or hard money
Proof of funds required: Yes, with offer
Sale terms: As-is, where-is
Property Condition
Roof: Age and condition to be verified; suggested renovation scope includes roof repairs and gutters
HVAC: Type, age, and condition to be verified; repair allowance included in the proposed systems budget
Plumbing: Condition to be verified; proposed work includes bathroom fixtures and plumbing repairs as needed
Electrical: Condition to be verified; repair allowance included in the proposed systems budget
Foundation: Condition to be verified during inspection
Interior: Substantial renovation proposed, including cleanout, kitchen replacement, bathroom rebuild, flooring, and paint. The materials describe the bathroom as currently gutted
Basement: Present and houses utilities; size, finish, and condition to be verified
Workshop: Detached steel workshop with its own driveway; condition to be verified
Exterior: Brick construction with a covered rear patio; proposed work includes power-washing and clearing overgrown beds
Water/Sewer: Materials reference well and septic systems; condition and any repair or replacement costs to be verified
Seller’s Suggested Renovation Budget:
Cleanout and demolition: $4,000
Kitchen: $14,000
Bathroom rebuild: $10,000
Flooring: $7,000
Interior paint: $5,000
Exterior and roof: $7,000
Systems allowance: $9,000
Contingency: $4,000
Total estimated renovation: $60,000
These allowances are seller estimates, not contractor bids. The “after” image in the materials is an AI concept rendering, not a photograph of completed renovations.
Comparable Properties
The following sales are reported in the provided materials and have not been independently verified.
2628 Glenridge Dr — $452,500: 1,600 sqft | 3 BD/2 BA | 2.00 acres | Built 1995 | Sold June 25, 2026 | Renovated ranch with two-car garage
3573 Jefferson Landing Rd — $440,000: 1,568 sqft | 3 BD/2 BA | 2.00 acres | Built 1993 | Sold August 28, 2026 | Remodeled; pool and detached garage
2549 Georges Rd — $375,000: 1,348 sqft | 3 BD/2 BA | 2.28 acres | Built 1978 | Sold June 5, 2026 | Fully renovated ranch
4372 Lynnecross Ct — $450,000: 1,473 sqft | 3 BD/2 BA | 2.88 acres | Built 1997 | Sold April 30, 2026 | Cape with detached two-car garage
1310 Pine Creek Bluff Dr — $395,000: 1,344 sqft | 2 BD/2 BA | 2.51 acres | Built 1995 | Sold May 15, 2026 | Cape with updated kitchen
2335 Ridge Rd — $332,950: 1,100 sqft | 3 BD/1 BA | 1.00 acre | Built 1979 | Sold June 16, 2026 | Renovated ranch
2949 Moyer Rd — $350,000: 1,485 sqft | 3 BD/1.5 BA | 1.00 acre | Built 1978 | Sold July 14, 2026 | Well-kept brick ranch with dated kitchen
2807 Moyer Ln — $350,000: 1,404 sqft | 3 BD/1.5 BA | 1.15 acres | Built 1972 | Sold May 26, 2026 | Brick ranch with updated kitchen
2726 Daphne Ln — $299,950: 1,192 sqft | 3 BD/1.5 BA | 1.98 acres | Built 1988 | Sold August 5, 2026 | Ranch with original finishes
2867 Moyer Rd — $235,000: 1,458 sqft | 3 BD/1.5 BA | 1.03 acres | Built 1973 | Sold August 14, 2026 | As-is brick ranch; no updates listed
Next Steps
Contact us for additional information
Schedule a property walkthrough
Make an offer directly on this page with proof of funds
Confirm transaction terms and sign the assignment agreement
Disclaimers
IMPORTANT: This landing page represents an assignment of a purchase contract, not a direct property sale. The advertised price includes the original contract price plus an assignment fee. Buyer is responsible for conducting their own due diligence, including verifying property details, condition, comparable sales, repair costs, and resale potential.
All information provided is believed to be accurate but is not guaranteed. ARV, renovation budgets, and potential returns are estimates. The projected gross spread does not represent net profit.
This opportunity is offered to qualified real estate investors only. This is not a retail property listing, and no real estate agent relationships are implied or established through this marketing material.
Time-sensitive opportunity — this contract is being offered to multiple investors.
Let’s Take the Next Step
Submit your offer directly on this page to begin securing this opportunity, subject to agreement and executed documents.
Tony Anderson Discount Property Group
More About This Property
Nearby Markets12 cities · 8 counties · 12 ZIP codes
Figures from the seller unless a line says otherwise. Verify before you close.