NOT LISTED FOR SALE

1506 Villa Terrace Unit E Charlottesville, VA 22903

Southwest Charlottesville Neighborhood

Estimated Value: $232,142 - $247,000

3 Beds
2 Baths
1,130 Sq Ft
$239/mo HOA Fee

Last Sold February 09, 2024

Last sale price $225,000 $199 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,657/month

6 Days on Market

Highlights

  • Fitness Center
  • Colonial Architecture
  • Clubhouse
  • Jackson P. Burley Middle School Rated A-
  • Mountain View
  • High Ceiling

About This Home

As of February 2024

Well-maintained, top floor, 3-bedroom condo available now in amenity-rich Villas at Southern Ridge. This home is professionally cleaned and move-in ready for a new owner or savvy investor. In fact, it is located in the USDA loan, 0% down eligibility area. Villas at Southern Ridge sits just minutes from downtown/UVA, 5th Street Station shopping center, parks, and I-64. The community offers a large pool, clubhouse, tennis, gym, billiards, and tennis courts. The association makes living easy as the reasonable fee covers all amenities plus exterior maintenance, common areas, parking, and trash. Start enjoying this peaceful, wooded community and mountain views by spring!,Formica Counter,Oak Cabinets

Last Agent to Sell the Property

Shannon Thomas

(434) 882-1761 shannon@corecville.com CORE REAL ESTATE PARTNERS LLC License #0225196879[4241] Listed on: 01/05/2024

Last Buyer's Agent

Jessica Saadut

(434) 981-9968 sellingcville@gmail.com MONTAGUE, MILLER & CO. - WESTFIELD License #0225251034[9117]

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,740

Year Built

  • Built in 1973

HOA Fees

  • $239 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Composition Roof
  • Vinyl Siding
  • Concrete Perimeter Foundation

Interior Spaces

  • 1,130 Sq Ft Home
  • Property has 1 Level
  • High Ceiling
  • Mountain Views

Kitchen

  • Breakfast Area or Nook
  • Electric Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Schools

  • Burley Middle School
  • Monticello High School

Utilities

  • Central Air
  • Heat Pump System

Community Details

Overview

  • Association fees include common area maintenance, trash, health club, exterior building maintenance, pool(s), management, reserve funds, road maintenance, snow removal, lawn maintenance

Recreation

  • Community Playground
  • Fitness Center
  • Community Pool

Additional Features

  • Clubhouse
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,740

Year Built

Built in 1973

Lot Details

0

HOA Fees

$239 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Architectural Style: Colonial
  • Ownership: Condominium
  • Building Total Sq Ft: 1130.00
  • Historic: No
  • Inclusions: Refrigerator, microwave, dishwasher, range, washer/dryer
  • New Construction: No
  • Story List: Main
  • Year Built: 1973
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 0

Interior Features

  • Appliances: Dryer, Washer/Dryer Hookups Only, Washer, Dishwasher, Disposal, Oven/Range - Electric, Microwave, Refrigerator
  • Flooring Type: Carpet, Ceramic Tile
  • Interior Amenities: Breakfast Area
  • Fireplace: No
  • Wall Ceiling Types: High
  • Foundation Details: Concrete Perimeter
  • Levels Count: 1
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 1130
  • Living Area Sq Ft: 1130
  • Price Per Sq Ft: 199.12
  • Above Grade Finished Sq Ft: 1130
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Upper Level Bathrooms: 2

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • Construction Completed: No
  • Roof: Composite
  • View: Mountain
  • Water Oriented: No
  • Pool: Yes - Community
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C
  • Heating Type: Heat Pump(s)
  • Heating: Yes
  • Security: Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Internet Services: Cable

Condo/Co-op/Association

  • HOA Fees: 239.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Club House, Tot Lots/Playground, Exercise Room, Swimming Pool
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Trash, Health Club, Ext Bldg Maint, Pool(s), Management, Reserve Funds, Road Maintenance, Snow Removal, Lawn Maintenance
  • HOA: Yes
  • Senior Community: No

Schools

  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • High School: MONTICELLO
  • Middle Or Junior School: BURLEY

Lot Info

  • Zoning: PRD
  • Zoning Description: Planned Residential Developm

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 1739.60
  • Tax Year: 2023

MLS Schools

  • School District Name: ALBEMARLE COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2024
Closed on
Jan 30, 2024
Sold by
Whitcomb Sabrina M
Bought by
Vitayanuvatti Narawadee and Vitayanuvatti Kyle
Seller's Agent
Shannon Thomas
CORE REAL ESTATE PARTNERS LLC
Buyer's Agent
Jessica Saadut
MONTAGUE, MILLER & CO. - WESTFIELD
List Price
$225,000
Sold Price
$225,000
Views
52
Current Estimated Value
$236,786

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,786
Avg. Annual Appreciation
2.86%

Purchase Details

Closed on
May 23, 2016
Sold by
Whitcomb David E and Whitcomb Sabrina M
Bought by
Whitcomb Sabrina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 24, 2012
Sold by
Coburn William L and Coburn Anne C
Bought by
Whitcomb David E and Whitcomb Sabrina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$94,400
Interest Rate
3.39%
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
Vitayanuvatti Narawadee $225,000 Chicago Title
Whitcomb Sabrina M -- Fidelity National Title
Whitcomb David E $122,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Whitcomb Sabrina M $93,000
Previous Owner Whitcomb David E $94,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/09/2024 02/09/24 Sold $225,000 0.0% $199 / Sq Ft
01/11/2024 01/11/24 Pending -- -- --
01/05/2024 01/05/24 For Sale $225,000 -- $199 / Sq Ft
Source: Bright 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 $2,057 $230,100 $45,000 $185,100
2024 $1,830 $214,300 $41,000 $173,300
2023 $1,740 $203,700 $47,000 $156,700
2022 $1,488 $174,200 $39,500 $134,700
2021 $1,486 $174,000 $43,500 $130,500
2020 $1,401 $164,100 $43,500 $120,600
2019 $1,304 $152,700 $40,000 $112,700
2018 $1,098 $133,500 $30,000 $103,500
2017 $1,076 $128,300 $30,000 $98,300
2016 $1,085 $129,300 $30,000 $99,300
2015 $989 $120,700 $30,000 $90,700
2014 -- $119,700 $30,000 $89,700
Source: Public Records

Agents Affiliated with this Home

  • Shannon Thomas

    Seller's Agent in 2024

    Shannon Thomas

    CORE REAL ESTATE PARTNERS LLC

    (434) 882-1761

    11 in this area

    127 Total Sales

    Shannon Thomas
    Section Image
  • Jessica Saadut

    Buyer's Agent in 2024

    Jessica Saadut

    MONTAGUE, MILLER & CO. - WESTFIELD

    (434) 981-9968

    4 in this area

    101 Total Sales

    Jessica Saadut
    Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: 648512

Bright MLS

APN: 07600-00-00-1506E

Virginia Albemarle County Charlottesville 22903 Southwest Charlottesville

1506 Villa Terrace Unit E, Charlottesville, VA

Not Listed for Sale

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