NOT LISTED FOR SALE

1055 E Water St Charlottesville, VA 22902

Martha Jefferson Neighborhood

Estimated Value: $1,781,000 - $1,884,842

3 Beds
5 Baths
3,692 Sq Ft
$495/Sq Ft Est. Value

Last Sold March 29, 2024

Last sale price $1,825,000 $494 Per Sq Ft

Current estimated payment $11,599/month

40 Days on Market

Highlights

  • Panoramic View
  • Sitting Area In Primary Bedroom
  • Living Room with Fireplace
  • Charlottesville High School Rated A-
  • Deck
  • Marble Flooring

About This Home

As of March 2024

Located within a few blocks of the Downtown Mall, Belmont and Midtown, this sophisticated 3 bed, 3 full plus 2 half bath home offers the best of Charlottesville’s downtown lifestyle. The owners have cared for and improved the home tirelessly since they bought it new in 2019. All three bedrooms are ensuite, including the luxurious master suite, which takes up an entire floor. The dramatic rooftop terrace with gas fire pit offers city and mountain views in all directions. 2 garage parking spaces plus plenty of guest parking. Other features include a gas fireplace in the living/dining/kitchen area, deck off the kitchen and many built-ins the owners added post completion of the home.

Last Agent to Sell the Property

Loring Woodriff

LORING WOODRIFF REAL ESTATE ASSOCIATES License #0225058612 Listed on: 10/11/2023

Last Buyer's Agent

Lindsay Milby

LORING WOODRIFF REAL ESTATE ASSOCIATES License #0225191928

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,972

Year Built

  • Built in 2018

Lot Details

  • 436 Sq Ft Lot

HOA Fees

  • $200 Monthly HOA Fees

Property Views

  • Panoramic
  • Mountain

Home Design

  • Brick Exterior Construction
  • Poured Concrete

Interior Spaces

  • 3-Story Property
  • Ceiling height of 9 feet or more
  • Recessed Lighting
  • Multiple Fireplaces
  • Gas Fireplace
  • Insulated Windows
  • Double Hung Windows
  • Living Room with Fireplace
  • Dining Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Convection Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Sitting Area In Primary Bedroom
  • Primary bedroom located on third floor
  • Walk-In Closet
  • Bathroom on Main Level
  • Double Vanity

Laundry

  • Laundry Room
  • Dryer
  • Washer
  • Sink Near Laundry

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Car Attached Garage
  • Basement Garage
  • Automatic Garage Door Opener

Outdoor Features

  • Deck
  • Outdoor Fireplace
  • Playground
  • Front Porch

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Heat Pump System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 570157005

Community Details

Overview

  • Association fees include area maint, play area, snow removal, trash pickup
  • $1,000 HOA Transfer Fee
  • C&O Row Subdivision

Recreation

  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,972

Year Built

Built in 2018

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Class: RESIDENTIAL
  • Property Type: Detached
  • Above Grade Finished Sq Ft: 3392
  • Below Grade Total Sq Ft: 300
  • L V T Date: 10/12/2023
  • Parcel Number: 570157005
  • Price Per Sq Ft: 494.31
  • Property Included: All appliances, light fixtures and window treatments
  • Total Sq Ft: 4472
  • Total Unfinished Sq Ft: 780
  • Type of Construction: On Site Built
  • Zoning: R Residential
  • Subdivision: C&O ROW
  • Comments: Yes
  • Concatenated Rooms1: |Living Roo1|Dining Roo1|Kitchen1|Half Bath1|Bedroom2|Bedroom2|Full Bath2|Full Bath2|Pri Bed3|Full Bath2|Laundry2|Half Bath3|
  • Structures Deck Porch: Deck, Porch - Front
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Fireplace: Gas, Two
  • Laundry: Dryer, Large Sink, Washer
  • Basement Type: Full, Inside Access, Outside Entrance, Partly Finished, Walk Out
  • Room 1: Living Room,On Level: 1
  • Room 2: Dining Room,On Level: 1
  • Room 3: Kitchen,On Level: 1
  • Room 4: Half Bath,On Level: 1
  • Room 5: Bedroom,On Level: 2
  • Room 6: Bedroom,On Level: 2
  • Room 7: Full Bath,On Level: 2
  • Room 8: Full Bath,On Level: 2
  • Room 9: Pri Bed,On Level: 3
  • Room 10: Full Bath,On Level: 2
  • Room 11: Laundry,On Level: 2
  • Room 12: Half Bath,On Level: 3
  • Total Finished Sq Ft: 3692
  • Above Grade Finished Sq Ft: 3392
  • Basement: Yes
  • Below Grade Finished Sq Ft: 300
  • Fireplace Location: Exterior Fireplace, Living Room
  • Foundation: Poured Concrete
  • Kitchen Appliances Feat: Breakfast Bar, Dishwasher, Disposal, Eat-in, Gas Range, Island, Microwave, Pantry, Recessed Light, Refrigerator, Wine Cooler, Convection Oven, Gas Cooktop
  • Kitchen Cabinets Counters: Quartz Counter
  • Level: 3 Story
  • Bathrooms: 4
  • Number of Main Level Bathrooms: 0.5
  • Number Beds: 3
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Room Types: Bedroom, Dining Room, Full Bath, Half Bath, Kitchen, Laundry, Living Room, Master Bedroom
  • Room Types Level1: Dining Room (L1), Half Bath (L1), Kitchen (L1), Living Room (L1)
  • Room Types Level2: Bedroom (L2+), Full Bath (L2+), Half Bath (L2+), Laundry (L2+), Master Bedroom (L2+)
  • Source of Sq Ft: Public Records

Exterior Features

  • Exterior: Brick
  • Number Of Acres: 0.01
  • Structure Features: Dual Vanities, MBr Sitting Area, Walk-in Closet
  • Structure Floors: Ceramic Tile, Hardwood, Marble
  • Structure Window Ceiling: 10' Ceilings, 9' Ceilings, Double-hung Windows, Insulated Windows, Screens
  • View: Mountain View, Panoramic View, Residential View

Garage/Parking

  • Garage: Yes
  • Below Grade Unfinished Garage: 780
  • Garage Features: Attached, Auto Door, Electricity, Faces Rear, In Basement, Large Vehicle
  • Number of Car Spaces: 2
  • Total Below Grade Garage: 780

Utilities

  • Cooling: Central AC, Heat Pump
  • Heating: Forced Air, Heat Pump, Natural Gas
  • Cable Available: Cable, DSL, Fiber-Optic
  • Sewer/Septic System: Public Sewer
  • Water: Public Water

Condo/Co-op/Association

  • HOA/COA Amenities: Play Area
  • Association Setup Transfer Fee Type: $
  • Association Setup Transfer Fees: 1000
  • Association Fee: HOA
  • Association Frequency: Monthly
  • Association Includes: Area Maint, Play Area, Snow Removal, Trash Pickup
  • Association Fee: 200

Schools

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

Building Info

  • Year Built: 2018

Tax Info

  • Year: 2023
  • Taxes: 13972

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 11, 2023
Closed on
Feb 20, 2024
Sold by
Hughes David O and Hughes Nancy L
Bought by
Needham Daniel R and Needham Robyn L
Seller's Agent
Loring Woodriff
LORING WOODRIFF REAL ESTATE ASSOCIATES
Buyer's Agent
Lindsay Milby
LORING WOODRIFF REAL ESTATE ASSOCIATES
List Price
$1,825,000
Sold Price
$1,825,000
Views
47
Current Estimated Value
$1,829,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,211
Avg. Annual Appreciation
1.84%
Original Mortgage
$700,000
Outstanding Balance
$690,296
Interest Rate
6.94%
Estimated Equity
$1,182,274

Purchase Details

Closed on
Mar 15, 2019
Sold by
Evergreen Hm Builders Llc
Bought by
Hughes David O
Source: Public Records

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
Needham Daniel R -- Chicago Title Insurance Co
Hughes David O $1,351,686 Stewart Title Gnty Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Needham Daniel R $700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2024 03/29/24 Sold $1,825,000 0.0% $494 / Sq Ft
11/20/2023 11/20/23 Pending -- -- --
10/11/2023 10/11/23 For Sale $1,825,000 -- $494 / 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 $17,183 $1,746,000 $360,000 $1,386,000
2024 $17,183 $1,470,500 $340,000 $1,130,500
2023 $14,045 $1,455,500 $325,000 $1,130,500
2022 $13,607 $1,409,900 $300,000 $1,109,900
2021 $13,011 $1,362,000 $300,000 $1,062,000
2020 $11,794 $1,233,900 $300,000 $933,900
2019 $1,929 $200,000 $200,000 $0
2018 $950 $200,000 $200,000 $0
2017 $570 $60,000 $60,000 $0
2016 $570 $60,000 $60,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Loring Woodriff

    Seller's Agent in 2024

    Loring Woodriff

    LORING WOODRIFF REAL ESTATE ASSOCIATES

    (434) 466-2992

    3 in this area

    147 Total Sales

    Loring Woodriff
    Section Image
  • Lindsay Milby

    Buyer's Agent in 2024

    Lindsay Milby

    LORING WOODRIFF REAL ESTATE ASSOCIATES

    (434) 962-9148

    13 in this area

    244 Total Sales

    Lindsay Milby
    Section Image
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Map

Source: Charlottesville area Association of Realtors®

MLS Number: 646519

Charlottesville area Association of Realtors®

APN: 570157005

Virginia Charlottesville County Charlottesville 22902 Martha Jefferson

1055 E Water St, Charlottesville, VA

This home is located at 1055 E Water St, Charlottesville, VA 22902 since 11 October 2023 and is currently estimated at $1,829,211, approximately $495 per square foot. This property was built in 2018. 1055 E Water St 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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