NOT LISTED FOR SALE

1518 Villa Terrace Unit C Charlottesville, VA 22903

Southwest Charlottesville Neighborhood

Estimated Value: $208,000 - $226,000

2 Beds
2 Baths
940 Sq Ft
$153/mo HOA Fee

Last Sold March 31, 2022

Last sale price $188,000 $200 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $1,437/month

14 Days on Market

Highlights

  • Outdoor Pool
  • Clubhouse
  • Bathroom on Main Level
  • Jackson P. Burley Middle School Rated A-
  • Laundry Room
  • Central Air

About This Home

As of March 2022

Great investment opportunity very close to the Charlottesville Downtown mall & UVA Hospital under $185K! Start earning revenue now with this 2 bed/2 bath condo that has current tenants. Southern Ridge community features amenities like a swimming pool, tennis courts, dog park and play area! Current lease ends on 7/31/2022.

Last Agent to Sell the Property

Gary Palmer

TOWN REALTY License #0225217224 Listed on: 02/07/2022

Last Buyer's Agent

LOI PATKIN

LONG & FOSTER - CHARLOTTESVILLE License #0225157458

LONG & FOSTER - CHARLOTTESVILLE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,274

Year Built

  • Built in 1973

HOA Fees

  • $153 Monthly HOA Fees

Home Design

  • Tri-Level Property
  • Brick Exterior Construction
  • Poured Concrete
  • Composition Shingle Roof

Interior Spaces

  • 940 Sq Ft Home
  • Utility Room
  • Laundry Room

Kitchen

  • Convection Oven
  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms

Schools

  • Mountainview Elementary School
  • Burley Middle School
  • Monticello High School

Utilities

  • Central Air
  • Heat Pump System
  • Cable TV Available

Additional Features

  • Outdoor Pool
  • Elevated Lot
  • Interior Unit

Listing and Financial Details

  • Assessor Parcel Number 0760000001518C

Community Details

Overview

  • Association fees include exterior maint, trash pickup
  • Built by STONEHAUS LLC
  • Villas At Southern Ridge Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,274

Year Built

Built in 1973

Lot Details

0

HOA Fees

$153 per month

Listing Details

  • Class: RESIDENTIAL
  • Property Type: Condo
  • Above Grade Finished Sq Ft: 940
  • Attached Home: Interior Unit
  • L V T Date: 02/17/2022
  • Parcel Number: 0760000001518C
  • Price Per Sq Ft: 200
  • Property Included: All kitchen appliances, washer/dryer
  • Show Bldr Nameto Public: Yes
  • Total Sq Ft: 940
  • Type of Construction: On Site Built
  • Zoning: PRD Planned Residential Development
  • Subdivision: VILLAS AT SOUTHERN RIDGE
  • Comments: Yes
  • Concatenated Rooms1: |Bedroom1|Full Bath1|Bedroom1|Full Bath1|Kitchen1|Laundry1|Utility Ro1|
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Room 1: Bedroom,On Level: 1
  • Room 2: Full Bath,On Level: 1
  • Room 3: Bedroom,On Level: 1
  • Room 4: Full Bath,On Level: 1
  • Room 5: Kitchen,On Level: 1
  • Room 6: Laundry,On Level: 1
  • Room 7: Utility Room,On Level: 1
  • Total Finished Sq Ft: 940
  • Above Grade Finished Sq Ft: 940
  • Foundation: Poured Concrete
  • Kitchen Appliances Feat: Convection Oven, Dishwasher, Electric Range, Microwave, Refrigerator
  • Land Description: Elevated, Nearly Level
  • Level: Tri-Level
  • Bathrooms: 2
  • Number of Main Level Bathrooms: 2
  • Number Beds: 2
  • Number Beds Main Level: 2
  • Full Bathrooms: 2
  • Room Types: Bedroom, Full Bath, Kitchen, Laundry, Utility Room
  • Room Types Level1: Bedroom (L1), Full Bath (L1), Kitchen (L1), Laundry (L1), Utility Room (L1)
  • Source of Sq Ft: Public Records

Exterior Features

  • Homebuilder: STONEHAUS LLC
  • Exterior: Brick, Fiber Cement
  • Pool: Yes
  • Pool: Community
  • Roof: Composition Shingle
  • Structure Deck Porch: Deck
  • Structure Floors: Carpet, Vinyl
  • Structure Window Ceiling: 8' Ceilings

Utilities

  • Cooling: Central AC, Heat Pump
  • Heating: Heat Pump
  • Cable Available: Cable
  • Sewer/Septic System: Public Sewer
  • Water: Public Water

Condo/Co-op/Association

  • HOA/COA Amenities: Clubhouse, Pool
  • Association Fee: HOA
  • Association Frequency: Monthly
  • Association Includes: Exterior Maint, Trash Pickup
  • Association Fee: 153

Building Info

  • Year Built: 1973

Tax Info

  • Year: 2020
  • Taxes: 1274.17

MLS Schools

  • HighSchool: Monticello
  • Middle School: Burley
  • Elementary School: Mountainview Elementary School

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2022
Closed on
Mar 8, 2022
Sold by
Bang Mai
Bought by
Kayhan Nalan
Seller's Agent
Gary Palmer
TOWN REALTY
Buyer's Agent
LOI PATKIN
LONG & FOSTER - CHARLOTTESVILLE
List Price
$184,900
Sold Price
$188,000
Premium/Discount to List
$3,100
1.68%
Current Estimated Value
$214,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,643
Avg. Annual Appreciation
3.68%

Purchase Details

Closed on
Jul 9, 2020
Sold by
Golden Llc
Bought by
Mal Bang
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
Kayhan Nalan $188,000 Chicago Title
Mal Bang $160,000 Chicago Title Insurance Co
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2022 03/31/22 Sold $188,000 +1.7% $200 / Sq Ft
02/21/2022 02/21/22 Pending -- -- --
02/07/2022 02/07/22 For Sale $184,900 -- $197 / 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 $1,849 $206,800 $45,000 $161,800
2024 $1,644 $192,500 $41,000 $151,500
2023 $1,571 $184,000 $47,000 $137,000
2022 $1,344 $157,400 $39,500 $117,900
2021 $1,348 $157,800 $43,500 $114,300
2020 $1,274 $149,200 $43,500 $105,700
2019 $1,186 $138,900 $40,000 $98,900
2018 $995 $120,900 $30,000 $90,900
2017 $976 $116,300 $30,000 $86,300
2016 $977 $116,400 $30,000 $86,400
2015 $889 $108,600 $30,000 $78,600
2014 -- $107,800 $30,000 $77,800
Source: Public Records

Agents Affiliated with this Home

  • Gary Palmer

    Seller's Agent in 2022

    Gary Palmer

    TOWN REALTY

    (434) 806-4576

    15 in this area

    214 Total Sales

    Gary Palmer
    Section Image
  • LOI PATKIN

    Buyer's Agent in 2022

    LOI PATKIN

    LONG & FOSTER - CHARLOTTESVILLE

    (434) 760-4919

    3 in this area

    49 Total Sales

    LOI PATKIN
    Section Image
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Map

Source: Charlottesville area Association of Realtors®

MLS Number: 626275

Charlottesville area Association of Realtors®

APN: 07600-00-00-1518C

Virginia Albemarle County Charlottesville 22903 Southwest Charlottesville

1518 Villa Terrace Unit C, Charlottesville, VA

Not Listed for Sale

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