1040 Locust Ave Unit A&B Charlottesville, VA 22901
Locust Grove NeighborhoodEstimated Value: $520,000 - $664,851
4
Beds
2
Baths
1,950
Sq Ft
$296/Sq Ft
Est. Value
Highlights
- Wood Flooring
- Screened Porch
- Living Room
- Charlottesville High School Rated A-
- Brick Exterior Construction
- Laundry Room
About This Home
As of June 2024This 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 each unit. Laundry room and lots of storage in the unfinished basement. Accessed from inside the home. Income producing rental could also be converted back to single family home. Each unit rents for $1400/mo. Lease ends 8/1 for Unit B and 9/1 for Unit A.
Last Agent to Sell the Property
LONG & FOSTER - CHARLOTTESVILLE WEST License #0225102217 Listed on: 04/05/2024
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,670
Year Built
- Built in 1963
Lot Details
- 6,970 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
- Wood Flooring
- Unfinished Basement
Kitchen
- Electric Range
- Formica Countertops
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Laundry
- Laundry Room
- Dryer
Schools
- Burnley-Moran Elementary School
- Walker & Buford Middle School
- Charlottesville High School
Utilities
- Window Unit Cooling System
- Baseboard Heating
Community Details
- Locust Grove Subdivision
Listing and Financial Details
- Assessor Parcel Number 490001100
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 5, 2024
Closed on
Jun 5, 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
34
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,713
Avg. Annual Appreciation
8.07%
Original Mortgage
$399,000
Outstanding Balance
$395,450
Interest Rate
7.22%
Estimated Equity
$181,263
Purchase Details
Closed on
Dec 20, 2013
Bought by
Aylott Properties Llc
Similar Homes in Charlottesville, VA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Powers Hannon Noel | -- | -- | |
| Aylott Properties Llc | $265,500 | -- |
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 |
|---|---|---|---|---|
| 06/06/2024 06/06/24 | 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
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 | $5,948 | $590,600 | $230,000 | $360,600 |
| 2023 | $5,246 | $540,500 | $207,000 | $333,500 |
| 2022 | $4,579 | $471,000 | $156,400 | $314,600 |
| 2021 | $3,934 | $408,000 | $135,300 | $272,700 |
| 2020 | $3,810 | $395,000 | $135,300 | $259,700 |
| 2019 | $3,645 | $377,600 | $123,000 | $254,600 |
| 2018 | $1,568 | $324,000 | $111,800 | $212,200 |
| 2017 | $2,707 | $278,900 | $86,000 | $192,900 |
| 2016 | $2,580 | $265,500 | $78,200 | $187,300 |
| 2015 | $2,651 | $265,500 | $78,200 | $187,300 |
| 2014 | $2,651 | $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
39 in this area
691 Total Sales
-
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
225 Total Sales
Map
Source: Charlottesville area Association of Realtors®
MLS Number: 651388
APN: 490-001-100
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