$5M off-market deal leads pack of $3M-plus home sales in May – RichmondBizSense


The house at 402 S. Mooreland Road sold in an off-market deal for $5.3 million. (Henrico property record photo)
In a month led by multiple $3 million home sales, two of which were more than a half-million dollars over asking, an off-market deal in western Henrico came in as the region’s priciest sale not only for May but so far this year.
The 10,000-square-foot house on a 5-acre lot at 402 S. Mooreland Road changed hands May 1 for $5.3 million, nearly $2 million above the priciest listed sale and the highest sales price seen in the region in 2023.
The deal was done between a buyer and seller who used LLCs for the transaction. Henrico property records list the buyer as Enfield LLC. The seller, Casablanca Bonita LLC, had owned the property since 2015, when it was bought for $2.5 million.
The county assessed the property in January at just under $3 million.
Located a few blocks from River Road and Collegiate School, the 5-acre lot dwarfs its immediate neighbors in the Mooreland Farms neighborhood. Records show the land was subdivided from a nearly 8-acre lot in 2014.
Built in 1958, the two-story Colonial was once home to the late Jeannie and Leroy Culpepper, who founded J.L. Culpepper & Co., whose Ashland-based RRS Foodservice division is in its 84th year of business.
In addition to four bedrooms and bathrooms, and three half-baths, the brick-and-slate house has five fireplaces, an elevator, a finished walkout basement, a two-car garage, a covered porch and a screened porch. The property also includes an external fireplace, in-ground pool and tennis court, according to property records.
The house at 212 S. Wilton Road was built by Biringer Builders. (Photos courtesy CVRMLS)
The month’s second-priciest sale was 212 S. Wilton Road, an 8,200-square-foot house in Richmond’s West End that sold May 16 for $3.5 million, below its September list price of $3.95 million.
Wife-and-husband team Holly and John Martin with Shaheen, Ruth, Martin & Fonville Real Estate had the listing for seller Matthew Brown, who bought the half-acre lot in 2016. The house was later built by Biringer Builders. Margaret Wade with Long & Foster represented the buyer, listed in property records as a revocable trust.
113 Libbie Ave. features a courtyard with pool between the main house and guest apartment.
The No. 3 sale was 113 Libbie Ave., a modern-design home south of Grove Avenue that sold May 22 for $3.2 million, below its latest list price in March of $3.45 million. Long & Foster’s Pam Diemer represented the seller LLC, an entity tied to local developer Rob Chesson that bought the property in 2021 for $2.5 million. The buyer, also an LLC, was represented by Kathryn Oti with Rashkind Saunders & Co.
202 Nottingham Road sold for more than $820,000 over asking.
Fourth on the list was 202 Nottingham Road, a 5,400-square-foot Windsor Farms home that sold May 9 for $3.12 million – more than $820,000 over its April asking price of $2.3 million.
SRMF’s Ruth and Scott Shaheen had the listing, representing sellers Edward Farley IV and Ashley Farley, who bought the property in 2001 for $961,000. Long & Foster’s Margaret Wade represented the buyers, listed in city property records as Richard Graham Jr. and Grace Whiteley.
The house at 320 Wickham Glen Drive sold for $655,000 over asking.
Rounding out the top five sales for May, according to data from the Central Virginia Regional Multiple Listing Service, was 320 Wickham Glen Drive, an 8,300-square-foot house in Goochland County that sold May 26 for $3.05 million – about $655,000 over its May 5 asking price of $2.39 million.
Carrie Robeson with The Steele Group | Sotheyb’s International Realty represented the sellers, Chris and Courtney Baker, who bought the home in 2020 for $1.8 million. Online property records did not reflect the transaction or list the buyer, who was represented by Long & Foster’s Alex Luck.
The pricey deals kept May a hot month for home sales in the region. Last year, two of the month’s top sales exceeded the $3 million mark.
Jonathan joined BizSense in early 2015 after a decade of reporting in Wilmington, N.C., and at the Henrico County Leader. The Virginia Tech grad covers government, real estate, advertising/marketing and other news. Reach him at [email protected] or (804) 308-2447.
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