NOT LISTED FOR SALE

1315 Pen Park Ln Charlottesville, VA 22901

Locust Grove Neighborhood

Estimated Value: $779,000 - $842,255

4 Beds
4.5 Baths
2,830 Sq Ft
$290/Sq Ft Est. Value

Last Sold October 25, 2024

Last sale price $785,000 $277 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,046/month

60 Days on Market

Highlights

  • Deck
  • Rowhouse Architecture
  • High Ceiling
  • Charlottesville High School Rated A-
  • Wood Flooring
  • Solid Surface Countertops

About This Home

As of October 2024

Experience luxury living at its finest in this new brick townhome located in the prestigious Lochlyn Hill community. Bathed in natural light, this home features soaring 10-foot ceilings, custom cabinets, and high-end finishes such as KitchenAid appliances, Quartz countertops, and white oak hardwood floors. Spanning four floors with the potential to add an elevator, this exceptional residence includes a 4th Floor bonus room complete with a rooftop terrace, offering views of the surrounding mountains. Enjoy the spaciousness of a single-family home combined with the convenience of townhome living, set in a coveted neighborhood known for its sense of community and close proximity to downtown Charlottesville and the University of Virginia. Some photos have been virtually staged to showcase the full potential of this home.

Last Agent to Sell the Property

Mike Hogan

The Hogan Group Real Estate Brokerage Email: info@hogangrp.com License #0225093823 Listed on: 06/27/2024

The Hogan Group Real Estate

Last Buyer's Agent

NON MLS USER MLS

NON MLS OFFICE

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $1,317

Year Built

  • Built in 2023

Lot Details

  • 1,960

HOA Fees

  • $86 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Basement Garage

Home Design

  • Rowhouse Architecture
  • Brick Exterior Construction
  • Frame Construction
  • Shingle Roof
  • Concrete Block And Stucco Construction
  • HardiePlank Type

Interior Spaces

  • 2,830 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Recessed Lighting

Kitchen

  • Double Oven
  • Dishwasher
  • Kitchen Island
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Partially Carpeted
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Schools

  • Greenbrier Elementary School
  • Buford Middle School
  • Charlottesville High School

Utilities

  • Cooling Available
  • Heat Pump System
  • Water Heater

Additional Features

  • Deck
  • 1,960 Sq Ft Lot

Listing and Financial Details

  • Tax Lot 116
  • Assessor Parcel Number 48A-040-045

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$1,317

Year Built

Built in 2023

Lot Details

0

HOA Fees

$86 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Year Built: 2023
  • Property Attached Yn: Yes
  • Attribution Contact: info@hogangrp.com
  • Lot Size Acres: 0.045
  • Ownership: Individuals
  • Subdivision Name: None
  • Architectural Style: Row House
  • Garage Yn: Yes
  • Unit Levels: Two and One Half
  • New Construction: No
  • Structure Type: Townhouse
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Townhouse
  • Special Features: NewHome

Interior Features

  • Flooring: Ceramic Tile, Partially Carpeted, Wood
  • Appliances: Double Oven, Dishwasher, Electric Water Heater, Disposal, Refrigerator
  • Basement YN: No
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace: No
  • Interior Amenities: High Ceilings, Kitchen Island, Pantry, Recessed Lighting, Solid Surface Counters
  • Living Area: 2830.0
  • Stories: 2
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Shingle
  • Pool Features: None
  • Waterfront: No
  • Construction Type: Brick, Frame, HardiPlank Type, Concrete
  • Exterior Features: Deck
  • Patio And Porch Features: Deck
  • Property Condition: Resale

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2.0
  • Parking Features: Attached, Basement, Garage

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Heat Pump
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 258.0
  • Association Fee Frequency: Quarterly

Fee Information

  • Association Fee Includes: Common Areas, Snow Removal, Trash

Schools

  • Middle Or Junior School: Buford

Lot Info

  • Parcel Number: 48A-040-045
  • Zoning Description: PUD
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 1317.2
  • Tax Lot: 116

MLS Schools

  • Elementary School: Greenbrier
  • High School: Charlottesville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2024
Closed on
Oct 18, 2024
Sold by
Ortiz Luciano and Ortiz Cheryl A
Bought by
Mair Jacob
Seller's Agent
Mike Hogan
The Hogan Group Real Estate
Buyer's Agent
NON MLS USER MLS
NON MLS OFFICE
List Price
$795,000
Sold Price
$785,000
Premium/Discount to List
-$10,000
-1.26%
Views
236
Current Estimated Value
$820,564

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,564
Avg. Annual Appreciation
4.11%
Original Mortgage
$628,000
Outstanding Balance
$620,403
Interest Rate
6.08%
Estimated Equity
$200,161

Purchase Details

Closed on
Jan 19, 2023
Sold by
Lochlyn Hill Development Group Llc
Bought by
Evergreen Homes Builders 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
Mair Jacob $785,000 Old Republic National Title In
Evergreen Homes Builders Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mair Jacob $628,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/25/2024 10/25/24 Sold $785,000 -1.3% $277 / Sq Ft
08/26/2024 08/26/24 Pending -- -- --
06/27/2024 06/27/24 For Sale $795,000 +4.1% $281 / Sq Ft
01/30/2024 01/30/24 Sold $763,475 +0.7% $270 / Sq Ft View Prior Sale
04/26/2023 04/26/23 Price Changed $758,400 -0.4% $268 / Sq Ft
04/25/2023 04/25/23 For Sale $761,312 -- $269 / Sq Ft
04/25/2023 04/25/23 Pending -- -- --
Source: Central Virginia Regional MLS

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 $7,681 $779,400 $130,000 $649,400
2024 $7,681 $130,000 $130,000 $0
2023 $1,152 $120,000 $120,000 $0
2022 $1,056 $110,000 $110,000 $0
2021 $432 $45,500 $45,500 $0
2020 $432 $45,500 $45,500 $0
Source: Public Records

Agents Affiliated with this Home

  • Mike Hogan

    Seller's Agent in 2024

    Mike Hogan

    The Hogan Group Real Estate

    (804) 655-0751

    1 in this area

    941 Total Sales

    Mike Hogan
    Section Image
  • Tom Ridley

    Seller's Agent in 2024

    Tom Ridley

    LORING WOODRIFF REAL ESTATE ASSOCIATES

    (434) 282-4584

    11 in this area

    145 Total Sales

    Tom Ridley
    Section Image

  • N

    Buyer's Agent in 2024

    NON MLS USER MLS

    NON MLS OFFICE

  • U

    Buyer's Agent in 2024

    Unrepresented Buyer

    UnrepresentedBuyer

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Map

Source: Central Virginia Regional MLS

MLS Number: 2416640

Central Virginia Regional MLS

APN: 48A040045

Virginia Charlottesville County Charlottesville 22901 Locust Grove

1315 Pen Park Ln, Charlottesville, VA

Not Listed for Sale

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.

Central Virginia Regional MLS All or a portion of th multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listing s. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service, LLC. All rights reserved.

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