NOT LISTED FOR SALE

115 Westerly Ave Charlottesville, VA 22903

Jefferson Park Avenue Neighborhood

Estimated Value: $505,755 - $530,000

5 Beds
2 Baths
1,831 Sq Ft
$280/Sq Ft Est. Value

Last Sold November 21, 2022

Last sale price $375,000 $205 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,058/month

24 Days on Market

Highlights

  • 0.43 Acre Lot
  • Front Porch
  • Heat Pump System
  • Charlottesville High School Rated A-

About This Home

As of November 2022

Exceptional UVA location and investment opportunity -- tucked between Fontaine Research Park and Fry's Springs/JPA, just off 250 by-pass. Two unit duplex, one unit with two bedrooms/one with three bedrooms and 1 bath are spacious and well maintained with plenty of on-street parking. Walk, bike, drive or take the bus (right on the bus line) to all places UVA and Charlottesville! Real hardwood floors, open living area, good-sized kitchen and bedrooms, plus a front porch and extra storage in the basement. Property backs to a woods/natural area -- Rivanna Trail is just around the corner. Low maintenance and location along with a steady rental history make this an attractive investment opportunity. Or, live on one side and rent the other! Zoned R-2U. 113 Westerly Avenue also for sale. Both units are rented through July 31, 2023.

Last Agent to Sell the Property

BROOKE THOMPSON

AVENUE REALTY, LLC License #0225205985 Listed on: 09/20/2022

Last Buyer's Agent

Unrepresented Buyer

UnrepresentedBuyer

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,836

Year Built

  • Built in 1965

Lot Details

  • 0.43

Home Design

  • Duplex
  • Block Foundation
  • Vinyl Siding

Interior Spaces

  • 1,831 Sq Ft Home
  • Low Emissivity Windows

Kitchen

  • Electric Range
  • Dishwasher

Schools

  • Trailblazer Elementary School
  • Walker & Buford Middle School
  • Charlottesville High School

Additional Features

  • Front Porch
  • 0.43 Acre Lot
  • Heat Pump System

Community Details

  • 2 Units

Listing and Financial Details

  • The owner pays for common area maintenance, insurance, management, taxes
  • Assessor Parcel Number 17A051000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,836

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential
  • Parcel Number: 17A051000
  • Property Sub Type: Duplex
  • LotSizeAcres: 0.43
  • Road Frontage Type: Public Road
  • Subdivision Name: NONE
  • PropertySubTypeAdditional: Multi Family
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Electric Range, Refrigerator, Dryer, Washer
  • Basement: Exterior Entry, Full, Unfinished, Walk-Out Access
  • Living Area: 1831.0
  • Window Features: Low-Emissivity Windows

Exterior Features

  • Roof: Composition, Shingle
  • Construction Type: Asbestos, Vinyl Siding
  • Foundation Details: Block
  • Patio And Porch Features: Front Porch, Porch

Utilities

  • Heating: Heat Pump
  • Utilities: Cable Available, High Speed Internet Available
  • Sewer: Public Sewer
  • Cooling: Heat Pump
  • Heating Yn: Yes
  • Water Source: Public

Schools

  • Elementary School: Trailblazer
  • Middle Or Junior School: Walker & Buford

Lot Info

  • Zoning Description: R-2U University Residential

Rental Info

  • Owner Pays: Common Area Maintenance, Insurance, Management, Taxes
  • LeaseAmount: 2200.0

Building Info

  • Year Built: 1965

Tax Info

  • Year: 2022
  • Tax Annual Amount: 3836.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • HighSchool: Charlottesville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2022
Closed on
Nov 15, 2022
Sold by
Plater Michael A
Bought by
First Chair Investments Llc
Seller's Agent
BROOKE THOMPSON
AVENUE REALTY, LLC
Buyer's Agent
Unrepresented Buyer
UnrepresentedBuyer
List Price
$465,000
Sold Price
$375,000
Premium/Discount to List
-$90,000
-19.35%
Views
14
Current Estimated Value
$511,338

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,338
Avg. Annual Appreciation
10.37%
Original Mortgage
$300,000
Outstanding Balance
$290,697
Interest Rate
6.95%
Mortgage Type
Commercial
Estimated Equity
$222,492

Purchase Details

Closed on
Apr 28, 2015
Bought by
Platter Michael A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
First Chair Investments Llc $375,000 Chicago Title Insurance Compan
Platter Michael A $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open First Chair Investments Llc $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2022 11/21/22 Sold $375,000 -9.6% $205 / Sq Ft
10/14/2022 10/14/22 Pending -- -- --
10/05/2022 10/05/22 Price Changed $415,000 -10.8% $227 / Sq Ft
09/20/2022 09/20/22 For Sale $465,000 -- $254 / 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 $4,832 $485,700 $192,400 $293,300
2024 $4,832 $421,500 $166,400 $255,100
2023 $4,082 $417,700 $164,300 $253,400
2022 $3,836 $392,100 $156,000 $236,100
2021 $3,096 $318,300 $121,700 $196,600
2020 $2,990 $307,200 $110,600 $196,600
2019 $2,871 $294,600 $101,900 $192,700
2018 $1,239 $253,200 $92,600 $160,600
2017 $2,135 $217,200 $71,200 $146,000
2016 $2,034 $206,500 $64,700 $141,800
2015 $1,962 $206,500 $64,700 $141,800
2014 $1,962 $206,500 $64,700 $141,800
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    BROOKE THOMPSON

    AVENUE REALTY, LLC

    (434) 987-7914

    2 in this area

    36 Total Sales

    BROOKE THOMPSON
    Section Image

  • U

    Buyer's Agent in 2022

    Unrepresented Buyer

    UnrepresentedBuyer

See All Agents

Map

Source: Charlottesville area Association of Realtors®

MLS Number: 634926

Charlottesville area Association of Realtors®

APN: 17A-051-000

Virginia Charlottesville County Charlottesville 22903 Jefferson Park Avenue

115 Westerly Ave, Charlottesville, VA

Not Listed for Sale

MultiFamily

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