NOT LISTED FOR SALE

1408 Terrace Ln Charlottesville, VA 22911

Pantops Neighborhood

Estimated Value: $521,000 - $914,000

4 Beds
3.5 Baths
3,583 Sq Ft
$205/Sq Ft Est. Value

Last Sold December 20, 2024

Last sale price $835,000 $233 Per Sq Ft

Est. 12% decrease in value since last sale

Current estimated payment $4,617/month

44 Days on Market

Highlights

  • Second Kitchen
  • Solar Power System
  • Mud Room
  • Jackson P. Burley Middle School Rated A-
  • Main Floor Primary Bedroom
  • 3-minute walk to Darden Towe Park

About This Home

As of December 2024

Charming villa built by Southern Development w/ mountain views. Like-new condition with high end finishes including cherry cabinetry and granite in the kitchen, solid flooring throughout main level, custom built-in bar in basement study, and more. ADU in walkout basement with separate exterior access and hardscaped walkway around house from front. Sold off market.

Last Agent to Sell the Property

Noah Libby Kopp

NEST REALTY GROUP License #0225264876 Listed on: 10/07/2024

NEST REALTY GROUP

Last Buyer's Agent

Noah Libby Kopp

NEST REALTY GROUP License #0225264876 Listed on: 10/07/2024

NEST REALTY GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,414

Year Built

  • Built in 2016

Lot Details

  • 4,356

HOA Fees

  • $150 per month

Parking

  • 2 Car Garage
  • Basement Garage
  • Front Facing Garage
  • Garage Door Opener

Home Design

  • Property Attached
  • Brick Exterior Construction
  • Poured Concrete
  • HardiePlank Siding
  • Stick Built Home

Interior Spaces

  • Recessed Lighting
  • Gas Fireplace
  • Low Emissivity Windows
  • Window Screens
  • Mud Room
  • Entrance Foyer
  • Utility Room
  • Washer and Dryer Hookup

Kitchen

  • Second Kitchen
  • Gas Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms | 1 Primary Bedroom on Main
  • Walk-In Closet
  • Double Vanity

Schools

  • Stone-Robinson Elementary School
  • Burley Middle School
  • Albemarle High School

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Heat Pump System
  • Programmable Thermostat

Additional Features

  • Solar Power System
  • 4,356 Sq Ft Lot

Community Details

  • Built by SOUTHERN DEVELOPMENT HOMES
  • Cascadia Subdivision

Listing and Financial Details

  • Assessor Parcel Number 078H0-00-02-25000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,414

Year Built

Built in 2016

Lot Details

0

HOA Fees

$150 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Parcel Number: 078H0-00-02-25000
  • Property Sub Type: Attached
  • LotSizeAcres: 0.1
  • Subdivision Name: CASCADIA
  • Above Grade Finished Sq Ft: 2398.0
  • Efficiency: Solar Panel(s)
  • Green Power: Solar
  • Property Attached Yn: Yes
  • Structure Type: Duplex, Townhouse
  • PreviousStandardStatus: Closed
  • BelowGradeUnfinishedArea: 198.0
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, ENERGY STAR Qualified Appliances, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Washer, ENERGY STAR Qualified Water Heater, Disposal, Gas Range, Refrigerator, Dryer, Washer
  • Basement: Exterior Entry, Finished, Interior Entry, Walk-Out Access, Apartment
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1185.0
  • Fireplace Features: Gas, Sealed Combustion
  • Interior Amenities: Double Vanity, Primary Downstairs, Second Kitchen, Walk-In Closet(s), Entrance Foyer, Mud Room, Programmable Thermostat, Recessed Lighting, Utility Room
  • Living Area: 3583.0
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 1
  • Window Features: Low-Emissivity Windows, Screens

Exterior Features

  • Roof: Architectural
  • View: Mountain(s)
  • Disclosures: Seller Disclosure
  • Builder Name: SOUTHERN DEVELOPMENT HOMES
  • Common Walls: End Unit
  • Construction Type: Brick, HardiPlank Type, Stick Built, Ducts Professionally Air-Sealed
  • Foundation Details: Poured
  • Patio And Porch Features: Composite, Deck

Garage/Parking

  • Garage Spaces: 2.0
  • Parking Features: Attached, Garage Faces Front, Garage, Garage Door Opener

Utilities

  • Heating: Central, Forced Air, Natural Gas
  • Utilities: Cable Available, Fiber Optic Available
  • Sewer: Public Sewer
  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Central Air, Heat Pump
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 450.0

Schools

  • Elementary School: Stone-Robinson
  • Middle Or Junior School: Burley

Lot Info

  • Lot Features: Native Plants
  • Land Lease Amount Frequency: Monthly
  • Zoning Description: NMD Neighborhood Model Development

Green Features

  • Green Indoor Air Qlty: Low VOC Paint/Materials
  • Green Building Verification Type: HERS Index Score

Building Info

  • Year Built: 2016

Tax Info

  • Year: 2024
  • Tax Annual Amount: 6413.54

Multi Family

  • Above Grade Finished Area Units: Square Feet

MLS Schools

  • HighSchool: Albemarle

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2024
Closed on
Dec 17, 2024
Sold by
Witte Nancy L and Parman David L
Bought by
Marzani Gabrielle Rose
Seller's Agent
Noah Libby Kopp
NEST REALTY GROUP
Buyer's Agent
Noah Libby Kopp
NEST REALTY GROUP
List Price
$835,000
Sold Price
$835,000
Current Estimated Value
$733,108

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$101,892
Avg. Annual Appreciation
-10.79%
Original Mortgage
$378,000
Outstanding Balance
$375,027
Interest Rate
6.79%
Mortgage Type
New Conventional
Estimated Equity
$358,081

Purchase Details

Closed on
Oct 5, 2016
Sold by
Southern Property Llc
Bought by
Witte Nancy L and Witte David L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,000
Interest Rate
3.44%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Marzani Gabrielle Rose $835,000 Old Republic National Title In
Witte Nancy L $489,893 Old Republic National Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Marzani Gabrielle Rose $378,000
Previous Owner Witte Nancy L $211,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/20/2024 12/20/24 Sold $835,000 0.0% $233 / Sq Ft
11/20/2024 11/20/24 Pending -- -- --
10/07/2024 10/07/24 For Sale $835,000 -- $233 / Sq Ft
Source: Charlottesville area Association of Realtors®

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 $6,913 $773,300 $180,000 $593,300
2024 $6,414 $751,000 $158,000 $593,000
2023 $5,957 $697,500 $148,000 $549,500
2022 $5,452 $638,400 $160,000 $478,400
2021 $4,890 $572,600 $147,500 $425,100
2020 $4,751 $556,300 $137,500 $418,800
2019 $4,781 $559,800 $135,000 $424,800
2018 $4,734 $568,300 $150,000 $418,300
2017 $4,699 $560,100 $125,000 $435,100
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2024

    Noah Libby Kopp

    NEST REALTY GROUP

    (434) 872-3200

    3 in this area

    34 Total Sales

    Noah Libby Kopp
    Section Image
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Map

Source: Charlottesville area Association of Realtors®

MLS Number: 659599

Charlottesville area Association of Realtors®

APN: 078H0-00-02-25000

Virginia Albemarle County Charlottesville 22911 Pantops

1408 Terrace Ln, Charlottesville, VA

Not Listed for Sale

MultiFamily

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