NOT LISTED FOR SALE

1016 A & B Coleman St Charlottesville, VA 22901

Locust Grove Neighborhood

Estimated Value: $354,917 - $540,000

4 Beds
2 Baths
1,846 Sq Ft
$235/Sq Ft Est. Value

Last Sold August 30, 2022

Last sale price $337,500 $183 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $2,420/month

92 Days on Market

About This Home

As of August 2022

1016 A Lease runs through 07/31/23. 1016 B Lease runs through 05/31/23. Current rental income is $765 a month for Unit A, Upstairs. and $750 a month for Unit B, Downstairs. Units are under-rented. Should be able to get $1200-$1300 per unit monthly.

Last Agent to Sell the Property

Cindy Riggs

LONG & FOSTER - GLENMORE License #0225047060 Listed on: 05/03/2022

Last Buyer's Agent

Mike Peters

HOWARD HANNA ROY WHEELER REALTY CO.- CHARLOTTESVILLE License #0225113279

HOWARD HANNA ROY WHEELER REALTY CO.- CHARLOTTESVILLE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,635

Year Built

  • Built in 1969

Lot Details

  • 10,019 Sq Ft Lot

Home Design

  • Duplex
  • Block Foundation

Schools

  • Burnley-Moran Elementary School
  • Walker & Buford Middle School
  • Charlottesville High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating

Community Details

  • 2 Units
  • Locust Grove Subdivision

Listing and Financial Details

  • The owner pays for management
  • Assessor Parcel Number 490112400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,635

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential
  • Parcel Number: 490112400
  • Property Sub Type: Duplex
  • Road Frontage Type: Not Applicable
  • Co List Office Mls Id: 5654
  • Subdivision Name: LOCUST GROVE
  • Special Features: None

Exterior Features

  • Foundation Details: Block

Utilities

  • Heating: Baseboard, Electric
  • Utilities: Cable Available
  • Sewer: Public Sewer
  • Cooling: Wall Unit(s)
  • Heating Yn: Yes
  • Water Source: Public

Schools

  • Elementary School: Burnley-Moran
  • Middle Or Junior School: Walker & Buford

Lot Info

  • Land Lease Expiration Date: 2022-11-03
  • Zoning Description: R-2 Two Family Residential

Rental Info

  • Owner Pays: Management
  • LeaseAmount: 1515.0

Building Info

  • Year Built: 1969

Tax Info

  • Year: 2022
  • Tax Annual Amount: 3635.15

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • HighSchool: Charlottesville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 18, 2023
Sold by
Charlottesville Redevelopment And Housin
Bought by
City Of Charlottesville and Charlottesville Redevelopment And Housin
Current Estimated Value
$433,979

Purchase Details

Listed on
May 3, 2022
Closed on
Aug 23, 2022
Sold by
Pillan T K Succ and Charlottesville Realty Trust
Bought by
Charlottesville Redevelopment And Housin
Seller's Agent
Cindy Riggs
LONG & FOSTER - GLENMORE
Buyer's Agent
Mike Peters
HOWARD HANNA ROY WHEELER REALTY CO.- CHARLOTTESVILLE
List Price
$390,000
Sold Price
$337,500
Premium/Discount to List
-$52,500
-13.46%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.36%

Purchase Details

Closed on
Mar 15, 2005
Bought by
Thirumalaisamy S & M Tr C'Ville Realty
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
City Of Charlottesville -- Fidelity National Title Insura
Charlottesville Redevelopment And Housin $675,000 Bridge Trust Title Group
Thirumalaisamy S & M Tr C'Ville Realty -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2022 08/30/22 Sold $337,500 -10.0% $183 / Sq Ft
08/03/2022 08/03/22 Pending -- -- --
07/07/2022 07/07/22 Price Changed $375,000 -3.8% $203 / Sq Ft
05/03/2022 05/03/22 For Sale $390,000 -- $211 / Sq Ft
Source: Charlottesville area Association of Realtors®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $144 $398,800 $156,300 $242,500
2023 $144 $380,600 $156,300 $224,300
2022 $3,828 $383,700 $113,600 $270,100
2021 $3,303 $332,500 $98,300 $234,200
2020 $3,196 $321,300 $113,600 $207,700
2019 $2,966 $297,100 $89,400 $207,700
2018 $1,280 $254,400 $81,300 $173,100
2017 $2,233 $219,900 $62,500 $157,400
2016 $2,135 $209,600 $56,800 $152,800
2015 $5,399 $209,600 $56,800 $152,800
2014 $5,399 $209,600 $56,800 $152,800
Source: Public Records

Agents Affiliated with this Home

  • Cindy Riggs

    Seller's Agent in 2022

    Cindy Riggs

    LONG & FOSTER - GLENMORE

    (434) 242-8855

    3 in this area

    48 Total Sales

    Cindy Riggs
    Section Image
  • Mike Peters

    Buyer's Agent in 2022

    Mike Peters

    HOWARD HANNA ROY WHEELER REALTY CO.- CHARLOTTESVILLE

    (434) 981-3995

    3 in this area

    55 Total Sales

    Mike Peters
    Section Image
See All Agents

Map

Source: Charlottesville area Association of Realtors®

MLS Number: 629871

Charlottesville area Association of Realtors®

APN: 490-112-400

Virginia Charlottesville County Charlottesville 22901 Locust Grove

1016 A & B Coleman St, Charlottesville, VA

This home is located at 1016 A & B Coleman St, Charlottesville, VA 22901 since 03 May 2022 and is currently estimated at $433,979, approximately $235 per square foot. This property was built in 1969. 1016 A & B Coleman St is a home located in Charlottesville City with nearby schools including Burnley-Moran Elementary School, Buford Middle School, and Charlottesville High School.

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