NOT LISTED FOR SALE

218 W Water St Unit 703 Charlottesville, VA 22902

North Downtown Neighborhood

Estimated Value: $1,916,312 - $2,126,000

2 Beds
2.5 Baths
2,989 Sq Ft
$370/mo HOA Fee

Last Sold September 26, 2024

Last sale price $2,014,000 $674 Per Sq Ft

Current estimated payment $12,572/month

8 Days on Market

Highlights

  • Contemporary Architecture
  • Security Service
  • Ceiling height of 9 feet or more
  • Charlottesville High School Rated A-
  • Monitored
  • Central Air

About This Home

As of September 2024

Unit 703 at The RESIDENCES at 218 boasts a luxurious sun-filled living space with an outdoor terrace and exquisite views overlooking Downtown and the Blue Ridge Mountains. This unit is currently being completed and there is time for a buyer to select their own finishes! The current layout features a large open living room with oversized windows overlooking the outdoor terrace. The floor to ceiling windows on three sides of the unit provide an abundance of natural light and 270-degree views from every inch of the condo. Enjoy sunrises and sunsets from almost anywhere you stand in the condo or on the terrace. Perfect for entertaining, bring your designer and make this incredible space your new dream home.

Last Agent to Sell the Property

John Neal

(434) 906-3141 jneal@gemc.com GREAT EASTERN MANAGEMENT CO License #0225202452[4479] Listed on: 04/27/2023

Last Buyer's Agent

Jim Faulconer

(434) 981-0076 jfaulconer@mcleanfaulconer.com MCLEAN FAULCONER INC., REALTOR License #0225209215[1116]

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,966

Year Built

  • Built in 2013

HOA Fees

  • $370 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Concrete Perimeter Foundation
  • Stucco

Interior Spaces

  • 2,989 Sq Ft Home
  • Property has 1 Level
  • Ceiling height of 9 feet or more
  • Casement Windows
  • Monitored

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2.5 Bathrooms

Laundry

  • Dryer
  • Washer

Schools

  • Burnley-Moran Elementary School
  • Walker & Buford Middle School
  • Charlottesville High School

Utilities

  • Central Air
  • Heat Pump System

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, insurance, management, reserve funds, snow removal, trash
  • The Residences At 218 Community

Security

  • Security Service
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,966

Year Built

Built in 2013

Lot Details

0

HOA Fees

$370 per month

Listing Details

  • Property Type: Residential
  • Structure Type: Unit/Flat/Apartment
  • Architectural Style: Contemporary
  • Ownership: Condominium
  • Building Total Sq Ft: 2989.00
  • Inclusions: Allowances for Refrigerator, Range, Wall Oven, Warming Drawer, Dishwasher, Microwave, Washer & Dryer
  • New Construction: No
  • Story List: Main
  • Year Built: 2013
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Appliances: Dryer, Washer
  • Interior Amenities: Entry Level Bedroom
  • Window Features: Casement
  • Fireplace: No
  • Wall Ceiling Types: 9'+ Ceilings
  • Foundation Details: Concrete Perimeter
  • Levels Count: 1
  • Room List: Full Bath, Half Bath
  • Basement: No
  • Living Area Units: Square Feet
  • Total Sq Ft: 2989
  • Living Area Sq Ft: 2989
  • Price Per Sq Ft: 667.45
  • Above Grade Finished Sq Ft: 2989
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 3.00
  • Main Level Full Bathrooms: 3

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Stucco
  • Construction Completed: No
  • Water Oriented: No
  • Water View: No

Garage/Parking

  • Garage: No

Utilities

  • Central Air Conditioning: Yes
  • Cooling Type: Central A/C, Heat Pump(s)
  • Cooling: No
  • Heating Fuel: Natural Gas
  • Security: Security System, Monitored, Carbon Monoxide Detector(s), Smoke Detector
  • Sewer/Septic System: Public Sewer
  • Water Source: Public
  • Internet Services: Cable, DSL

Condo/Co-op/Association

  • HOA Fees: 370.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • Condo Co-Op Fee: 50.00
  • Condo Co-Op Fee Frequency: One Time
  • HOA Condo Co-Op Amenities: Security
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Insurance, Management, Reserve Funds, Snow Removal, Trash
  • HOA: Yes

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: BURNLEY-MORAN
  • High School: CHARLOTTESVILLE
  • Middle Or Junior School: WALKER & BUFORD

Lot Info

  • Zoning: D
  • Zoning Description: Downtown Corridor Mixed Use

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 9965.76
  • Tax Year: 2023

MLS Schools

  • School District Name: CHARLOTTESVILLE CITY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 27, 2023
Closed on
Sep 1, 2024
Sold by
The Residences At 218 Llc
Bought by
Cabot Thomas D
Seller's Agent
John Neal
GREAT EASTERN MANAGEMENT CO
Buyer's Agent
Jim Faulconer
MCLEAN FAULCONER INC., REALTOR
List Price
$1,995,000
Sold Price
$2,014,000
Premium/Discount to List
$19,000
0.95%
Views
32
Current Estimated Value
$2,016,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,078
Avg. Annual Appreciation
0.09%
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
Cabot Thomas D -- Old Republic National Title In
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/26/2024 09/26/24 Sold $2,014,000 +1.0% $674 / Sq Ft
05/05/2023 05/05/23 Pending -- -- --
04/27/2023 04/27/23 For Sale $1,995,000 -- $667 / 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 $19,029 $1,938,500 $242,100 $1,696,400
2024 $19,029 $1,805,600 $242,100 $1,563,500
2023 $10,001 $1,038,100 $242,100 $796,000
2022 $9,594 $995,800 $242,100 $753,700
2021 $9,187 $963,500 $209,800 $753,700
2020 $9,433 $989,200 $208,600 $780,600
2019 $8,417 $882,100 $208,600 $673,500
2018 $4,208 $882,100 $208,600 $673,500
2017 $8,799 $922,300 $208,000 $714,300
2016 $8,717 $913,700 $208,000 $705,700
2015 -- $924,300 $208,000 $716,300
2014 -- $681,100 $99,000 $582,100
Source: Public Records

Agents Affiliated with this Home

  • John Neal

    Seller's Agent in 2024

    John Neal

    GREAT EASTERN MANAGEMENT CO

    (434) 906-3141

    9 in this area

    9 Total Sales

    John Neal
    Section Image
  • Jim Faulconer

    Buyer's Agent in 2024

    Jim Faulconer

    MCLEAN FAULCONER INC., REALTOR

    (434) 981-0076

    8 in this area

    171 Total Sales

    Jim Faulconer
    Section Image
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Map

Source: Bright MLS

MLS Number: 641048

Bright MLS

APN: 280-084-P00

Virginia Charlottesville County Charlottesville 22902 North Downtown

218 W Water St Unit 703, Charlottesville, VA

Not Listed for Sale

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