$735,000
SOLD AUG 1, 2025
-- Bed
-- Bath
1,950 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$377 Per Sq Ft

17% Below List Price

87 Days on Market

Highlights

  • Vaulted Ceiling
  • Front Porch
  • Laundry Facilities
  • Charlottesville High School Rated A-
  • Forced Air Heating System

About This Home

As of August 2025

Super Cute Over-Under Duplex PLUS detached Renovated Cottage, located in highly desirable Belmont. Walk to restaurants, DT, IX park, Farmers Market, Belmont Park and local Belle Coffee Shop. Property has been a very successful investment property for the sellers and has been well maintained since 2014. Situated a quiet street there is off street parking for 3 cars, a back patio, central laundry room for all tenants. Central heat & air in all units, hardwood floors, replacement windows, roof replaced in 2015. Basement is unfinished an offers lots of storage for tenants bikes, kayaks, or potential for finishing out to create another rental unit. Super location for renters who want walkability, quick access to the Medical Center, UVA grounds or bus route. Excellent income producing property live in one, or rent out two or all three. Also in MLS under Residential MLS # 661728

Last Agent to Sell the Property

Janice Kavanagh

NEST REALTY GROUP License #0225089778 Listed on: 03/11/2025

NEST REALTY GROUP

Last Buyer's Agent

RACHEL BURNS

RE/MAX REALTY SPECIALISTS-CHARLOTTESVILLE License #0225105114

RE/MAX REALTY SPECIALISTS-CHARLOTTESVILLE

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,720

Year Built

  • Built in 1946

Home Design

  • Triplex
  • Block Foundation
  • Stone Siding

Interior Spaces

  • 1,950 Sq Ft Home
  • Vaulted Ceiling
  • Vinyl Clad Windows
  • Insulated Windows
  • Window Screens

Schools

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

Utilities

  • Ductless Heating Or Cooling System
  • Forced Air Heating System
  • Heat Pump System

Additional Features

  • Front Porch
  • 6,098 Sq Ft Lot

Community Details

  • 3 Units
  • Laundry Facilities

Listing and Financial Details

  • Tenant pays for electricity, sewer, trash collection, water
  • The owner pays for common area maintenance, insurance, taxes
  • Assessor Parcel Number 580323000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,720

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Residential
  • Parcel Number: 580323000
  • Property Sub Type: Triplex
  • LotSizeAcres: 0.14
  • Road Frontage Type: Public Road
  • Co List Office Mls Id: 246
  • Subdivision Name: NONE
  • PropertySubTypeAdditional: Triplex,Multi Family
  • Special Features: None

Interior Features

  • Appliances: Electric Cooktop, Refrigerator, Dryer, Washer
  • Basement: Exterior Entry, Full, Unfinished, Walk-Out Access
  • Interior Amenities: Vaulted Ceiling(s)
  • Living Area: 1950.0
  • Window Features: Insulated Windows, Screens, Vinyl

Exterior Features

  • Roof: Composition, Shingle
  • Disclosures: Seller Disclosure
  • Construction Type: Stone
  • Foundation Details: Block
  • Patio And Porch Features: Deck, Front Porch, Porch

Utilities

  • Heating: Forced Air, Heat Pump
  • Utilities: Cable Available, Fiber Optic Available
  • Sewer: Public Sewer
  • Laundry Features: Common Area
  • Cooling: Ductless
  • Heating Yn: Yes
  • Water Source: Public

Schools

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

Lot Info

  • Land Lease Expiration Date: 2025-08-31
  • Zoning Description: Residential

Rental Info

  • Owner Pays: Common Area Maintenance, Insurance, Taxes
  • Tenant Pays: Electricity, Sewer, Trash Collection, Water
  • LeaseAmount: 45000.0

Building Info

  • Year Built: 1946

Tax Info

  • Year: 2025
  • Tax Annual Amount: 6720.0

Multi Family

  • Number Of Units Total: 3

MLS Schools

  • HighSchool: Charlottesville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2025
Closed on
Jul 1, 2025
Sold by
Milton Ridge Properties Llc
Bought by
Elias Noah Chapman
Seller's Agent
Janice Kavanagh
NEST REALTY GROUP
Buyer's Agent
RACHEL BURNS
RE/MAX REALTY SPECIALISTS-CHARLOTTESVILLE
List Price
$885,000
Sold Price
$735,000
Premium/Discount to List
-$150,000
-16.95%
Views
98

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.82%
Original Mortgage
$698,250
Outstanding Balance
$696,952
Interest Rate
6.37%
Estimated Equity
$72,904

Purchase Details

Closed on
Sep 11, 2014
Bought by
Milton Ridge Properties Llc
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Bargain Sale Deed $735,000 Multiple
Deed $300,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $698,250 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 Sold $735,000 -5.2% $377 / Sq Ft
06/06/2025 06/06/25 Pending -- -- --
05/27/2025 05/27/25 Price Changed $775,000 -6.1% $397 / Sq Ft
04/26/2025 04/26/25 Price Changed $825,000 -6.8% $423 / Sq Ft
03/11/2025 03/11/25 For Sale $885,000 -- $454 / 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 $7,019 $707,400 $165,000 $542,400
2024 $7,019 $649,400 $156,300 $493,100
2023 $5,966 $612,900 $156,300 $456,600
2022 $5,476 $561,400 $126,500 $434,900
2021 $4,731 $488,900 $126,500 $362,400
2020 $4,731 $488,900 $126,500 $362,400
2019 $4,731 $488,900 $126,500 $362,400
2018 $2,393 $494,600 $96,600 $398,000
2017 $4,163 $429,100 $84,000 $345,100
2016 $4,059 $418,200 $76,400 $341,800
2015 $3,807 $406,000 $74,200 $331,800
2014 $3,807 $389,700 $70,700 $319,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Charlottesville area Association of Realtors®

MLS Number: 661722

Charlottesville area Association of Realtors®

APN: 580-323-000