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5100 Monument Ave. Condos

Updated: Apr 26, 2022

Welcome to 5100 Monument Ave. condos, in the Willow Lawn area of Henrico County and at 5100 Monument Ave. This can be considered one of Richmond's best kept secrets. This community offers a great location - next to Willow Lawn shopping center with a large Kroger (people have been known to shop at Kroger, bring their carts to the service elevator in the building, taking the groceries to their units and then leaving the carts downstairs for the Kroger employees to pick up later), a few short blocks away from the Jewish Community Center, St. Mary's Hospital and close to Libbie/Grove area, downtown and the Fan!

This 12 story building was built in the 1960's as apartments, but in 1985 was converted to condos. The units range in size from 240 SF to 1,585 SF - unit styles range from efficiencies to 3 bedroom/3 bath units)

The monthly HOA fee varies and is based on the condo's SF. The monthly fee, as of March 2022, ranges from $275/month to a high of almost $600/month. The fee may be high, but it does include a lot:

  • All utilities except for cable/phone/internet

  • Building insurance

  • Exterior Maintenance

  • Gas heat and hot water

  • Amenities

  • Sewer

  • Trash removal

  • Water

  • Yard maintenance

The amenities in 5100 Monument include pool, exercise room, community room, a library, the roof top deck (a great place to see fireworks on July 4th) as well as a 24 hour receptionist. In 2021, the pool was redone with new decking, new patio & new pump house. The building is a secured building. Although the units do not have laundry in them, there is a laundry room on each floor of the building.

There are some restrictions in 5100 Monument Ave. No pets are allowed. In addition, units that are sold can only be sold to owner occupants. However, there have been a number of units that have been purchased recently by parents whose kids are attending VCU - in this case, the child's name must be on the deed in order to allow them to live in the unit.

Schools in this area are Crestview Elementary, Tuckahoe Middle, Freeman High.

There are a total of 185 units in the building.

Real estate stats for 5100 Monument Ave.

2020 Real Estate Stats ---

  • 10 units sold

  • Average List Price = $173,830

  • Average Sales Price = $158,500

  • Average Time on Market = 64 days

  • No units sold over asking price

2021 Real Estate Stats ---

  • 7 units sold

  • Average List Price = $170,836

  • Average Sales Price = $163,414

  • Average Time on Market = 50 days

  • None sold over asking price

I am proud to be an expert Realtor in townhomes & condos throughout the Richmond area, including city of Richmond, Henrico County and Chesterfield County. If you want to find out more about condos and townhomes throughout Richmond, please feel free to get in touch with me! As your Richmond area condo & townhome real estate expert, I am here to help!

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