NOT LISTED FOR SALE

1403 Cherry Ave Charlottesville, VA 22903

Fifeville Neighborhood

Estimated Value: $344,000 - $388,000

2 Beds
1 Bath
768 Sq Ft
$478/Sq Ft Est. Value

Last Sold March 24, 2023

Last sale price $296,900 $387 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,088/month

5 Days on Market

Highlights

  • Concrete Block With Brick
  • Living Room
  • Bathroom on Main Level
  • Charlottesville High School Rated A-
  • Laundry Room
  • 1-Story Property

About This Home

As of March 2023

Classic Charlottesville cottage in central location close to UVA Hospital and Downtown. 2 bedrooms, lots of natural light, hardwood floors, and a large, shaded backyard are just some of the appealing features of this home. Great potential as a rental (current use) or perfect for owner-occupant, close to Medical Center, West Main Corridor, Downtown Mall, and UVA. The proposed Charlottesville Future Land Use Map would change this property to RB zoning, allowing for up to 6 dwelling units per lot. This property is also located in an Opportunity Zone, which provides possible tax incentives for redevelopment under certain conditions. Great short- or long-term investment potential with this property.

Last Agent to Sell the Property

Carter Montague

MONTAGUE, MILLER & CO. - WESTFIELD License #0225050474 Listed on: 02/27/2023

Last Buyer's Agent

Sydney Robertson

LORING WOODRIFF REAL ESTATE ASSOCIATES License #0225211572

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,606

Year Built

  • Built in 1952

Lot Details

  • 8,276 Sq Ft Lot
  • Property is zoned R-2 Residential

Home Design

  • Concrete Block With Brick
  • Composition Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Living Room
  • Unfinished Basement
  • Walk-Out Basement
  • Formica Countertops

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Bathroom on Main Level
  • 1 Full Bathroom
  • Primary bathroom on main floor

Laundry

  • Laundry Room
  • Dryer
  • Washer

Schools

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

Utilities

  • Forced Air Heating and Cooling System
  • Fiber Optics Available
  • Cable TV Available

Listing and Financial Details

  • Foreclosure
  • Assessor Parcel Number 230122000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,606

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Property Type: Detached
  • Above Grade Finished Sq Ft: 768
  • Below Grade Total Sq Ft: 337
  • Design: Cottage
  • Foreclosure: Yes
  • L V T Date: 02/28/2023
  • Parcel Number: 230122000
  • Price Per Sq Ft: 386.59
  • Property Included: Appliances
  • Total Sq Ft: 1105
  • Total Unfinished Sq Ft: 337
  • Type of Construction: On Site Built
  • Zoning: R-2 Residential
  • Subdivision: NONE
  • Comments: Yes
  • Concatenated Rooms1: |Living Roo1|Kitchen1|Bedroom1|Bedroom1|Full Bath1|LaundryB|
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Unfinished Below Grade Sq Ft: 337
  • Laundry: Dryer, Washer
  • Basement Type: Outside Entrance, Unfinished
  • Room 1: Living Room,On Level: 1
  • Room 2: Kitchen,On Level: 1
  • Room 3: Bedroom,On Level: 1
  • Room 4: Bedroom,On Level: 1
  • Room 5: Full Bath,On Level: 1
  • Room 6: Laundry,On Level: Basement
  • Total Finished Sq Ft: 768
  • Above Grade Finished Sq Ft: 768
  • Basement: Yes
  • Foundation: Concrete Block
  • Kitchen Appliances Feat: Gas Range, Refrigerator
  • Kitchen Cabinets Counters: Formica Counter, Wood Cabinets
  • Level: 1 Story
  • Primary Bathroom Main Level: Yes
  • Master Bedon Main Level: Yes
  • Bathrooms: 1
  • Number of Main Level Bathrooms: 1
  • Number Beds: 2
  • Number Beds Main Level: 2
  • Full Bathrooms: 1
  • Room Types: Bedroom, Full Bath, Kitchen, Laundry, Living Room
  • Room Types Level1: Bedroom (L1), Full Bath (L1), Kitchen (L1), Living Room (L1)
  • Room Types Level B: Laundry (LB)
  • Source of Sq Ft: Public Records

Exterior Features

  • Exterior: Vinyl
  • Number Of Acres: 0.19
  • Roof: Composition Shingle

Utilities

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

Building Info

  • Year Built: 1952

Tax Info

  • Year: 2023
  • Taxes: 2606

MLS Schools

  • HighSchool: Charlottesville
  • Middle School: Walker & Buford
  • Elementary School: Johnson (Charlottesville)

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2023
Closed on
Mar 22, 2023
Sold by
Marshall David Wayne
Bought by
Mcguire Keenan Colin
Seller's Agent
Carter Montague
MONTAGUE, MILLER & CO. - WESTFIELD
Buyer's Agent
Sydney Robertson
LORING WOODRIFF REAL ESTATE ASSOCIATES
List Price
$296,900
Sold Price
$296,900
Views
22
Current Estimated Value
$354,291

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$57,391
Avg. Annual Appreciation
7.86%
Original Mortgage
$350,000
Outstanding Balance
$339,723
Interest Rate
6.5%
Estimated Equity
$27,282

Purchase Details

Closed on
Jul 24, 1996
Bought by
Marshall David Wayne

Purchase Details

Closed on
Mar 26, 1996
Bought by
Marshall David Wayne
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
Mcguire Keenan Colin $296,900 Stewart Title Guaranty Company
Marshall David Wayne $57,500 --
Marshall David Wayne -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcguire Keenan Colin $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2023 03/24/23 Sold $296,900 0.0% $387 / Sq Ft
03/04/2023 03/04/23 Pending -- -- --
02/27/2023 02/27/23 For Sale $296,900 -- $387 / 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 $2,818 $283,100 $120,000 $163,100
2024 $2,818 $285,100 $117,900 $167,200
2023 $2,650 $271,500 $117,900 $153,600
2022 $2,382 $243,600 $109,300 $134,300
2021 $2,101 $216,600 $105,800 $110,800
2020 $1,958 $201,600 $91,700 $109,900
2019 $1,781 $182,900 $75,200 $107,700
2018 $807 $165,300 $62,700 $102,600
2017 $1,585 $162,300 $59,700 $102,600
2016 $1,479 $151,100 $50,600 $100,500
2015 $1,344 $143,900 $48,200 $95,700
2014 $1,344 $143,900 $48,200 $95,700
Source: Public Records

Agents Affiliated with this Home

  • Carter Montague

    Seller's Agent in 2023

    Carter Montague

    MONTAGUE, MILLER & CO. - WESTFIELD

    (434) 962-3419

    3 in this area

    110 Total Sales

    Carter Montague
    Section Image
  • Sydney Robertson

    Buyer's Agent in 2023

    Sydney Robertson

    LORING WOODRIFF REAL ESTATE ASSOCIATES

    (434) 284-0694

    7 in this area

    157 Total Sales

    Sydney Robertson
    Section Image
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Map

Source: Charlottesville area Association of Realtors®

MLS Number: 638937

Charlottesville area Association of Realtors®

APN: 230-122-000

Virginia Charlottesville County Charlottesville 22903 Fifeville

1403 Cherry Ave, Charlottesville, VA

Not Listed for Sale

Detached

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