NOT LISTED FOR SALE

1038 Locust Ave Unit A&B Charlottesville, VA 22901

Locust Grove Neighborhood

Estimated Value: $496,000 - $640,903

4 Beds
2 Baths
1,950 Sq Ft
$288/Sq Ft Est. Value

Last Sold June 05, 2024

Last sale price $532,000 $273 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,462/month

14 Days on Market

Highlights

  • Screened Porch
  • Brick Exterior Construction
  • Laundry Room
  • Charlottesville High School Rated A-
  • Living Room
  • Central Air

About This Home

As of June 2024

This brick home in the heart of Charlottesville features side-by-side 2 bedroom one bathroom homes. Each unit features hardwood floors throughout. Living room, dining room and kitchen on the main level with two bedrooms and full bath upstairs. Enjoy the outdoors on the screened porch at the rear of each unit overlooking the flat back yard. Laundry room and lots of storage in the unfinished basement accessed from the exterior of the home. Income producing rental could also be converted back to single family home. Each unit rents for $1300/mo. Lease ends 8/31 for Unit A and 7/25 for Unit B.

Last Agent to Sell the Property

Denise Ramey

LONG & FOSTER - CHARLOTTESVILLE WEST License #0225102217 Listed on: 04/05/2024

LONG & FOSTER - CHARLOTTESVILLE WEST

Last Buyer's Agent

Michael Woolard

RE/MAX REALTY SPECIALISTS-CHARLOTTESVILLE License #0225226278

RE/MAX REALTY SPECIALISTS-CHARLOTTESVILLE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,526

Year Built

  • Built in 1968

Lot Details

  • 6,534 Sq Ft Lot
  • Property is zoned R-3 Multifamily Residential

Home Design

  • Brick Exterior Construction

Interior Spaces

  • 2-Story Property
  • Living Room
  • Dining Room
  • Screened Porch
  • Unfinished Basement
  • Walk-Out Basement

Kitchen

  • Electric Range
  • Formica Countertops

Bedrooms and Bathrooms

  • 4 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Schools

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

Utilities

  • Central Air
  • Baseboard Heating
  • High Speed Internet
  • Cable TV Available

Community Details

  • Locust Grove Subdivision

Listing and Financial Details

  • Assessor Parcel Number 490001000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,526

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Type: Detached
  • Above Grade Finished Sq Ft: 1950
  • Attached Home: Duplex
  • Below Grade Total Sq Ft: 975
  • L V T Date: 04/05/2024
  • Parcel Number: 490001000
  • Price Per Sq Ft: 272.82
  • Property Included: range and refrigerator, washer and dryer in both units.
  • Total Sq Ft: 2925
  • Total Unfinished Sq Ft: 975
  • Type of Construction: On Site Built
  • Zoning: R-3 Multifamily Residential
  • Subdivision: LOCUST GROVE
  • Comments: No
  • Concatenated Rooms1: |Living Roo1|Living Roo1|Dining Roo1|Dining Roo1|Kitchen1|Kitchen1|Bedroom1|Bedroom1|Bedroom1|Bedroom1|Full Bath1|Full Bath1|LaundryB|LaundryB|
  • Structures Deck Porch: Porch - Rear, Porch - Screened
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Unfinished Below Grade Sq Ft: 975
  • Laundry: Dryer, Washer
  • Basement Type: Outside Entrance, Unfinished
  • Room 1: Living Room,On Level: 1
  • Room 2: Living Room,On Level: 1
  • Room 3: Dining Room,On Level: 1
  • Room 4: Dining Room,On Level: 1
  • Room 5: Kitchen,On Level: 1
  • Room 6: Kitchen,On Level: 1
  • Room 7: Bedroom,On Level: 1
  • Room 8: Bedroom,On Level: 1
  • Room 9: Bedroom,On Level: 1
  • Room 10: Bedroom,On Level: 1
  • Room 11: Full Bath,On Level: 1
  • Room 12: Full Bath,On Level: 1
  • Room 13: Laundry,On Level: Basement
  • Room 14: Laundry,On Level: Basement
  • Total Finished Sq Ft: 1950
  • Above Grade Finished Sq Ft: 1950
  • Basement: Yes
  • Foundation: Concrete Block
  • Kitchen Appliances Feat: Electric Range, Refrigerator
  • Kitchen Cabinets Counters: Formica Counter, Wood Cabinets
  • Level: 2 Story
  • Bathrooms: 2
  • Number of Main Level Bathrooms: 2
  • Number Beds: 4
  • Number Beds Main Level: 4
  • Full Bathrooms: 2
  • Room Types: Bedroom, Dining Room, Full Bath, Kitchen, Laundry, Living Room
  • Room Types Level1: Bedroom (L1), Dining Room (L1), Full Bath (L1), Kitchen (L1), Living Room (L1)
  • Room Types Level B: Laundry (LB)
  • Source of Sq Ft: Public Records

Exterior Features

  • Exterior: Brick
  • Number Of Acres: 0.15
  • Roof: Architectural Style

Utilities

  • Cooling: Central AC
  • Heating: Baseboard
  • Cable Available: Cable, DSL
  • Sewer/Septic System: Public Sewer
  • Water: Public Water

Schools

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

Building Info

  • Year Built: 1968

Tax Info

  • Year: 2024
  • Taxes: 5525.76

MLS Schools

  • HighSchool: Charlottesville
  • Middle School: Walker & Buford
  • Elementary School: Burnley-Moran

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2024
Closed on
May 30, 2024
Sold by
Aylott Properties Llc
Bought by
Powers Hannon Noel and Powers Edward Hannon
Seller's Agent
Denise Ramey
LONG & FOSTER - CHARLOTTESVILLE WEST
Buyer's Agent
Michael Woolard
RE/MAX REALTY SPECIALISTS-CHARLOTTESVILLE
List Price
$575,000
Sold Price
$532,000
Premium/Discount to List
-$43,000
-7.48%
Views
23
Current Estimated Value
$560,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,976
Avg. Annual Appreciation
6.08%
Original Mortgage
$399,000
Outstanding Balance
$395,116
Interest Rate
7.22%
Estimated Equity
$179,281

Purchase Details

Closed on
Dec 20, 2013
Bought by
Aylott Properties Llc
Source: Public Records

Range of Values:

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List Price
Sold Price
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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
Powers Hannon Noel -- Old Republic National Title In
Aylott Properties Llc $273,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Powers Hannon Noel $399,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/05/2024 06/05/24 Sold $532,000 -7.5% $273 / Sq Ft
04/19/2024 04/19/24 Pending -- -- --
04/05/2024 04/05/24 For Sale $575,000 -- $295 / 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
2025 $6,002 $605,100 $237,600 $367,500
2024 $6,002 $575,600 $230,000 $345,600
2023 $5,127 $526,600 $207,000 $319,600
2022 $4,594 $471,000 $156,400 $314,600
2021 $3,948 $408,000 $135,300 $272,700
2020 $3,825 $395,000 $135,300 $259,700
2019 $3,659 $377,600 $123,000 $254,600
2018 $1,575 $324,000 $111,800 $212,200
2017 $2,722 $278,900 $86,000 $192,900
2016 $2,594 $265,500 $78,200 $187,300
2015 $2,718 $265,500 $78,200 $187,300
2014 $2,718 $265,500 $78,200 $187,300
Source: Public Records

Agents Affiliated with this Home

  • Denise Ramey

    Seller's Agent in 2024

    Denise Ramey

    LONG & FOSTER - CHARLOTTESVILLE WEST

    (434) 960-4333

    38 in this area

    675 Total Sales

    Denise Ramey
    Section Image

  • D

    Seller's Agent in 2024

    DENISE RAMEY TEAM

    LONG & FOSTER - CHARLOTTESVILLE WEST

  • Michael Woolard

    Buyer's Agent in 2024

    Michael Woolard

    RE/MAX

    (434) 466-1449

    2 in this area

    206 Total Sales

    Michael Woolard
    Section Image
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Map

Source: Charlottesville area Association of Realtors®

MLS Number: 651389

Charlottesville area Association of Realtors®

APN: 490-001-000

Virginia Charlottesville County Charlottesville 22901 Locust Grove

1038 Locust Ave Unit A&B, Charlottesville, VA

This home is located at 1038 Locust Ave Unit A&B, Charlottesville, VA 22901 since 05 April 2024 and is currently estimated at $560,976, approximately $287 per square foot. This property was built in 1968. 1038 Locust Ave Unit A&B is a home located in Charlottesville City with nearby schools including Burnley-Moran Elementary School, Buford Middle School, and Charlottesville High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Charlottesville area Association of Realtors® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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