NOT LISTED FOR SALE

1508 Villa Terrace Unit B Charlottesville, VA 22903

Southwest Charlottesville Neighborhood

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

3 Beds
2 Baths
1,130 Sq Ft
$203/mo HOA Fee

Last Sold November 21, 2022

Last sale price $215,000 $190 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $1,637/month

18 Days on Market

Highlights

  • Fitness Center
  • Outdoor Pool
  • Property is near public transit
  • Jackson P. Burley Middle School Rated A-
  • Clubhouse
  • Tennis Courts

About This Home

As of November 2022

Location, location, Location. Welcome home to this three-bedroom/two-bath ground-level condo that’s move-in ready. Freshly painted interior, new HVAC unit (2021), washer/dryer, refrigerator, microwave, and dishwasher convey as-is. Maintenance-free conveniently located close to interstate 64, UVA College & Hospital, shops & restaurants. Community Pool, tennis, clubhouse, exercise room.

Last Agent to Sell the Property

Monica Palmer

United Real Estate Richmond License #0225245847 Listed on: 09/27/2022

United Real Estate Richmond

Last Buyer's Agent

NON MLS USER MLS

NON MLS OFFICE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,488

Year Built

  • Built in 1973

Lot Details

  • 2,657

HOA Fees

  • $203 Monthly HOA Fees

Home Design

  • Fire Rated Drywall
  • Frame Construction
  • Asbestos Shingle Roof
  • Aluminum Siding

Interior Spaces

  • 1,130 Sq Ft Home
  • 1-Story Property
  • Intercom Access

Kitchen

  • Oven
  • Electric Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Partially Carpeted
  • Linoleum

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Open Parking
  • Parking Lot

Outdoor Features

  • Outdoor Pool
  • Patio

Location

  • Property is near public transit

Schools

  • Mountain View Elementary School
  • Burley Middle School
  • Monticello High School

Utilities

  • Central Air
  • Heat Pump System
  • Water Heater

Listing and Financial Details

  • Assessor Parcel Number 07600-00-00-1508B

Community Details

Overview

  • Albemarle Subdivision
  • Maintained Community

Recreation

  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool

Additional Features

  • Clubhouse
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,488

Year Built

Built in 1973

Lot Details

0

HOA Fees

$203 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Year Built: 1973
  • Property Attached Yn: Yes
  • Ownership: Individuals
  • Subdivision Name: Albemarle
  • Architectural Style: Other
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built Details: Actual
  • ResoBuildingAreaSource: Assessor
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Linoleum, Partially Carpeted
  • Appliances: Dryer, Dishwasher, Electric Cooking, Electric Water Heater, Disposal, Microwave, Oven, Refrigerator, Washer
  • Other Equipment: Intercom
  • Basement YN: No
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Living Area: 1130.0
  • Stories: 1
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Roof: Asbestos Shingle
  • Pool Features: Pool, Community
  • Waterfront: No
  • Construction Type: Aluminum Siding, Drywall, Frame
  • Patio And Porch Features: Patio
  • Property Condition: Resale

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Parking Lot

Utilities

  • Heating: Electric, Heat Pump
  • Cooling: Central Air
  • Sewer: Public Sewer
  • Water Source: Public
  • Security: Smoke Detector(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness, Home Owners Association, Maintained Community, Playground, Pool, Public Transportation, Tennis Court(s)
  • Amenities: Landscaping, Management
  • Association Fee: 203.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Clubhouse, Common Areas, Maintenance Grounds, Maintenance Structure, Pool(s), Recreation Facilities, Snow Removal, Trash

Schools

  • Middle Or Junior School: Burley

Lot Info

  • Parcel Number: 07600-00-00-1508B
  • Zoning Description: PRD
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1488.0

MLS Schools

  • Elementary School: Mountain View
  • High School: Monticello

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2022
Closed on
Nov 21, 2022
Sold by
Allen Cecilia Angelica
Bought by
Dooley Robert J and Dooley Raymond
Seller's Agent
Monica Palmer
United Real Estate Richmond
Buyer's Agent
NON MLS USER MLS
NON MLS OFFICE
List Price
$295,950
Sold Price
$215,000
Premium/Discount to List
-$80,950
-27.35%
Views
70
Current Estimated Value
$239,925

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,925
Avg. Annual Appreciation
3.69%
Original Mortgage
$135,000
Outstanding Balance
$130,806
Interest Rate
6.94%
Mortgage Type
New Conventional
Estimated Equity
$109,119

Purchase Details

Closed on
Jan 9, 2014
Sold by
Hall M Gabrielle
Bought by
Allen Cecilia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,100
Interest Rate
4.45%
Mortgage Type
Seller Take Back
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
Dooley Robert J $215,000 Stewart Title Guaranty Company
Allen Cecilia A $120,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dooley Robert J $135,000
Previous Owner Allen Cecilia A $4,100
Previous Owner Allen Cecilia A $122,448
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2022 11/21/22 Sold $215,000 -6.5% $190 / Sq Ft
10/15/2022 10/15/22 Pending -- -- --
09/27/2022 09/27/22 Price Changed $229,950 -22.3% $203 / Sq Ft
09/27/2022 09/27/22 For Sale $295,950 -- $262 / Sq Ft
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 $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 $494 $120,700 $30,000 $90,700
2014 -- $119,700 $30,000 $89,700
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Monica Palmer

    United Real Estate Richmond

    Section Image

  • N

    Buyer's Agent in 2022

    NON MLS USER MLS

    NON MLS OFFICE

See All Agents

Map

Source: Central Virginia Regional MLS

MLS Number: 2226829

Central Virginia Regional MLS

APN: 07600-00-00-1508B

Virginia Albemarle County Charlottesville 22903 Southwest Charlottesville

1508 Villa Terrace Unit B, 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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