October's First-Time Homebuyer Report for Three Chopt

With 7,669 residents, Three Chopt is a larger than average neighborhood in Richmond. Also, with 3,744.1 people per square mile, it has an average density in comparison to other parts of the city. Homes in Three Chopt are older than most with a median age of 60 years. Heading the list of top schools in the neighborhood is Crestview Elementary School.

Price Range

Three Chopt has some of the more expensive homes in the city with a median home value of $257,798 and a current average list price of $580,729. There were four home sales in the Three Chopt market over the last 30 days, while coming close to the 4.3 monthly average for the last 12 months.

Make sure you take a look at these eye-catching homes in Three Chopt that generated the most views from potential buyers:

$1.5M   $214K   $189K  

Typical Dwelling

A three-bedroom detached home valued around $311,883 is considered a typical dwelling in Three Chopt. If a buyer was looking for a similar home, they would need good credit and a $62,377 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,749 and the property tax rate is $8.05 per $1,000 of taxable assessed value.

Get started right now by checking out Three Chopt homes for sale or reviewing Three Chopt real estate trends.

Data reported through 10/13/2016


Ask a local expert about this area:
Engel & Völkers Richmond
Snapped 5 homes in this area
Hometown Realty
Snapped 1 home in this area

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