Actions

Fan home with big side yard, pool, and carriage house sells for $1.1M

Posted at 9:00 AM, Aug 24, 2016
and last updated 2016-08-24 09:00:44-04

Four months after hitting the market, a onetime lodging spot in the Fan is now the permanent home for a longtime resident of the neighborhood.

Brian Frank, president and founder of the local tech firm SkyFoundry, is the new owner of the former Grace Manor Inn, an 8,000-square-foot building at 1853 W. Grace St.

The house at 1853 W. Grace St. has been used as a bed and breakfast for the past dozen years. (Courtesy CVRMLS/Sara Eastman Photography)

The house at 1853 W. Grace St. has been used as a bed and breakfast for the past dozen years. (Courtesy CVRMLS/Sara Eastman Photography)

Frank purchased the property this month for $1.1 million. It was listed in April with an asking price for $1.14 million and was marketed as a single-family residence, despite a permit that would have allowed it to remain a bed and breakfast.

“It’s just a bigger house for my family,” Frank said. “It’s a pretty cool property with a pool.”

Frank, 44, and his family have already moved in to the West Grace Street property. He has lived in the Fan since 1996, most recently at a home he bought in 2002 at 1513 Hanover Ave. He sold that property for $960,000 to John and Jennifer Grogan on Aug. 5, the same day the deal closed for his new place.

Frank said he had been thinking of getting a bigger home, but in June saw the Grace Manor Inn property.

“It was kind of spur of the moment,” he said, adding it was one he felt he had to seize. “It’s kind of an unusual property for the Fan to have such a big side yard, a pool, and a carriage house.”

Continue reading on RichmondBizSense.com.

CBS6-News-at-4pm-and-Jennifer-Hudson-480x360.jpg

Entertainment

Watch 'The Jennifer Hudson Show' weekdays at 3 p.m. on CBS 6!

📱 Download CBS 6 News App
The app features breaking news alerts, live video, weather radar, traffic incidents, closings and delays and more.