NOT LISTED FOR SALE

1218 Holmes Ave Unit A & B Charlottesville, VA 22901

Locust Grove Neighborhood

Estimated Value: $447,000 - $496,548

4 Beds
2 Baths
1,768 Sq Ft
$269/Sq Ft Est. Value

Last Sold December 27, 2023

Last sale price $390,000 $221 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,966/month

70 Days on Market

Highlights

  • Central Air
  • Charlottesville High School Rated A-
  • Heat Pump System

About This Home

As of December 2023

Charlottesville City investment opportunity! This side by side duplex is located in the quaint and convenient Woodhayven neighborhood. Each of the two units features 2 bedrooms, 1 bathroom, hardwood floors, more recently updated kitchens, and full, unfinished basements for storage. Outdoor features include one off street parking place for each unit and private back decks. Leases in place until 1/31/24 (A) and 5/31/24 (B).

Last Agent to Sell the Property

Kelli Wathen

NEST REALTY GROUP License #0225238315 Listed on: 09/20/2023

NEST REALTY GROUP

Last Buyer's Agent

Emily Dooley

NEST REALTY GROUP License #0225223605

NEST REALTY GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,792

Year Built

  • Built in 1973

Lot Details

  • 9,148 Sq Ft Lot

Home Design

  • 1,768 Sq Ft Home
  • Duplex
  • Slab Foundation

Schools

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

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • 2 Units
  • Woodhayven Subdivision

Listing and Financial Details

  • Tenant pays for electricity, sewer, trash collection, water
  • The owner pays for taxes
  • Assessor Parcel Number 48A038000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,792

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential
  • Parcel Number: 48A038000
  • Property Sub Type: Duplex
  • LotSizeAcres: 0.21
  • Road Frontage Type: Public Road
  • Subdivision Name: WOODHAYVEN
  • PropertySubTypeAdditional: Multi Family
  • Special Features: None

Interior Features

  • Basement: Exterior Entry, Full, Unfinished, Walk-Out Access
  • Living Area: 1768.0

Exterior Features

  • Foundation Details: Slab

Utilities

  • Heating: Heat Pump
  • Utilities: Fiber Optic Available, High Speed Internet Available
  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating Yn: Yes
  • Water Source: Public

Schools

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

Lot Info

  • Zoning Description: R-1S Residential

Rental Info

  • Owner Pays: Taxes
  • Tenant Pays: Electricity, Sewer, Trash Collection, Water
  • LeaseAmount: 26400.0

Building Info

  • Year Built: 1973

Tax Info

  • Year: 2022
  • Tax Annual Amount: 4792.0

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, 2023
Closed on
Dec 13, 2023
Sold by
Central Virginia Property Group Llc
Bought by
Caprice Kevin Ryne
Seller's Agent
Kelli Wathen
NEST REALTY GROUP
Buyer's Agent
Emily Dooley
NEST REALTY GROUP
List Price
$435,000
Sold Price
$390,000
Premium/Discount to List
-$45,000
-10.34%
Views
181
Current Estimated Value
$475,887

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,887
Avg. Annual Appreciation
10.86%
Original Mortgage
$358,800
Outstanding Balance
$352,600
Interest Rate
7.29%
Estimated Equity
$123,287

Purchase Details

Closed on
Nov 9, 2021
Sold by
Holmes Sweet Home Llc
Bought by
Central Virginia Property Group Llc

Purchase Details

Closed on
Oct 15, 2001
Bought by
2010 Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Caprice Kevin Ryne $390,000 Chicago Title Insurance Co
Central Virginia Property Group Llc $350,000 --
2010 Llc $84,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Caprice Kevin Ryne $358,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/27/2023 12/27/23 Sold $390,000 0.0% $221 / Sq Ft
11/29/2023 11/29/23 Pending -- -- --
11/22/2023 11/22/23 Off Market $390,000 -- --
11/18/2023 11/18/23 Pending -- -- --
11/12/2023 11/12/23 Price Changed $415,000 -2.4% $235 / Sq Ft
10/25/2023 10/25/23 Price Changed $425,000 -2.3% $240 / Sq Ft
09/20/2023 09/20/23 For Sale $435,000 -- $246 / 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 $5,525 $557,900 $132,800 $425,100
2024 $5,525 $481,000 $134,400 $346,600
2023 $3,254 $333,000 $125,000 $208,000
2022 $3,195 $326,800 $118,800 $208,000
2021 $3,055 $315,500 $93,800 $221,700
2020 $2,971 $306,700 $93,800 $212,900
2019 $2,656 $273,500 $65,000 $208,500
2018 $1,257 $258,600 $58,000 $200,600
2017 $1,992 $203,600 $59,200 $144,400
2016 $1,901 $194,000 $53,800 $140,200
2015 $1,843 $194,000 $53,800 $140,200
2014 $1,843 $194,000 $53,800 $140,200
Source: Public Records

Agents Affiliated with this Home

  • Kelli Wathen

    Seller's Agent in 2023

    Kelli Wathen

    NEST REALTY GROUP

    (434) 466-7221

    7 in this area

    107 Total Sales

    Kelli Wathen
    Section Image
  • Emily Dooley

    Buyer's Agent in 2023

    Emily Dooley

    NEST REALTY GROUP

    (434) 228-1757

    4 in this area

    111 Total Sales

    Emily Dooley
    Section Image
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Map

Source: Charlottesville area Association of Realtors®

MLS Number: 645897

Charlottesville area Association of Realtors®

APN: 48A-038-000

Virginia Charlottesville County Charlottesville 22901 Locust Grove

1218 Holmes Ave Unit A & B, Charlottesville, VA

Not Listed for Sale

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