History
House purchased for $5.5 million in 2016 demolished to make way for new construction
The 80-year-old, 7,000-square-foot home was one of the largest real estate transactions in the area in the past several years. A new home will be constructed on the six-acre property near the University of Richmond.
A Colonial-style home purchased last year for $5.5 million–one of the largest residential real estate transactions in the Richmond market in the past several years–has been reduced to a pile of wood and bricks. The home, near the University of Richmond, was purchased by Matthew Godwin in 2016.
Though it’s true that it’s a private homeowner demolishing their home on their own private property, the eye-popping purchase price makes the demolition noteworthy.
Richmond BizSense has more:
The most expensive home sold in the Richmond area in years is now no more than a pricy pile of rubble.
The 80-year-old mansion at 101 S. Ridge Road, purchased last year by Matthew Goodwin for $5.5 million, was demolished last week.
Midday Thursday, the 7,000-square-foot colonial-style home was no longer visible from the road, as crews used an excavator to pile debris into a dump truck. A detached garage and pool house remained intact on the 6.3-acre property near the University of Richmond.
The work appears to clear the way for a new house to be built on the property, which was purchased last June in an off-market sale by 101 South Ridge Road LLC.
