NOT LISTED FOR SALE

2218 Wayne Ave Unit A and B Charlottesville, VA 22901

The Meadows Neighborhood

Estimated Value: $403,000 - $423,730

-- Bed
2 Baths
1,544 Sq Ft
$266/Sq Ft Est. Value

Last Sold October 21, 2024

Last sale price $400,000 $259 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $2,475/month

28 Days on Market

Highlights

  • Front Porch
  • Stacked Washer and Dryer
  • Heating System Uses Natural Gas
  • Charlottesville High School Rated A-

About This Home

As of October 2024

Price Improved! Side by Side Duplex in the City! Live on one side and rent the other! Or invest in one of the best rental markets in the area. Each unit is a 2 Bedroom /1 Bath. ALL New Windows. Unit A has Updated Kitchen, and Bath, LVP Flooring in Kitchen and Bath- Both units ready for move in! Off Street Parking- Hardwood Floors- Both have Stack WD Units, Dishwashers and Heat Pumps with gas furnace back up. What an opportunity!

Last Agent to Sell the Property

JENNIFER HARDMAN TRUSLOW

D.M. ROTHWELL, INC. License #0225184451 Listed on: 07/30/2024

Last Buyer's Agent

ASHLEY PALMER

TOWN REALTY License #0225232104

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,691

Year Built

  • Built in 1963

Lot Details

  • 0.37

Home Design

  • Duplex
  • Brick Exterior Construction
  • Block Foundation

Interior Spaces

  • 1,544 Sq Ft Home
  • Low Emissivity Windows
  • Vinyl Clad Windows
  • Tilt-In Windows
  • Stacked Washer and Dryer

Kitchen

  • Electric Range
  • Dishwasher

Schools

  • Greenbrier Elementary School
  • Walker & Buford Middle School
  • Charlottesville High School

Utilities

  • Heating System Uses Natural Gas
  • Heat Pump System

Additional Features

  • Front Porch
  • 0.37 Acre Lot

Community Details

  • 2 Units
  • The Meadows Subdivision

Listing and Financial Details

  • Tenant pays for electricity, gas, sewer, trash collection, water
  • Assessor Parcel Number 40B018000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,691

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential
  • Parcel Number: 40B018000
  • Property Sub Type: Duplex
  • LotSizeAcres: 0.37
  • Road Frontage Type: Public Road
  • Subdivision Name: THE MEADOWS
  • PropertySubTypeAdditional: Multi Family
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Basement: Exterior Entry, Partial, Unfinished
  • Living Area: 1544.0
  • Window Features: Low-Emissivity Windows, Tilt-In Windows, Vinyl

Exterior Features

  • Roof: Composition, Shingle
  • Construction Type: Brick
  • Foundation Details: Block
  • Patio And Porch Features: Front Porch, Porch

Utilities

  • Heating: Heat Pump, Natural Gas
  • Utilities: Cable Available, Fiber Optic Available, High Speed Internet Available
  • Sewer: Public Sewer
  • Laundry Features: Washer Hookup, Dryer Hookup, Stacked
  • Cooling: Heat Pump
  • Heating Yn: Yes
  • Water Source: Public

Schools

  • Elementary School: Greenbrier (Charlottesville)
  • Middle Or Junior School: Walker & Buford

Lot Info

  • Zoning Description: R-1 Residential

Rental Info

  • Owner Pays: None
  • Tenant Pays: Electricity, Gas, Sewer, Trash Collection, Water

Building Info

  • Year Built: 1963

Tax Info

  • Year: 2023
  • Tax Annual Amount: 1691.0

Multi Family

  • Number Of Units Total: 2

MLS Schools

  • HighSchool: Charlottesville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 30, 2024
Closed on
Sep 11, 2024
Sold by
Settle Martha A and Martha A Settle Trust
Bought by
Sunlight Investing Llc
Seller's Agent
JENNIFER HARDMAN TRUSLOW
D.M. ROTHWELL, INC.
Buyer's Agent
ASHLEY PALMER
TOWN REALTY
List Price
$495,000
Sold Price
$400,000
Premium/Discount to List
-$95,000
-19.19%
Views
22
Current Estimated Value
$410,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$10,433
Avg. Annual Appreciation
2.33%
Original Mortgage
$300,000
Outstanding Balance
$296,377
Interest Rate
6.09%
Mortgage Type
Commercial
Estimated Equity
$114,056

Purchase Details

Closed on
Oct 2, 1992
Bought by
Anas Mary S and Settle Martha A

Purchase Details

Closed on
Oct 22, 1964
Bought by
Anas Mary S and Settle Martha A
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
Sunlight Investing Llc $400,000 Coach Title Insurance Company
Anas Mary S -- --
Anas Mary S $21,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sunlight Investing Llc $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2024 10/21/24 Sold $400,000 -11.1% $259 / Sq Ft
08/27/2024 08/27/24 Pending -- -- --
08/20/2024 08/20/24 Price Changed $450,000 -9.1% $291 / Sq Ft
07/30/2024 07/30/24 For Sale $495,000 -- $321 / 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 $3,770 $375,900 $150,000 $225,900
2024 $3,770 $364,400 $138,000 $226,400
2023 $3,468 $352,200 $138,000 $214,200
2022 $3,088 $312,700 $126,500 $186,200
2021 $2,954 $301,900 $119,600 $182,300
2020 $2,707 $275,900 $96,600 $179,300
2019 $2,550 $259,300 $80,000 $179,300
2018 $1,247 $253,400 $80,000 $173,400
2017 $2,304 $233,400 $81,200 $152,200
2016 $2,192 $221,600 $73,800 $147,800
2015 $2,105 $221,600 $73,800 $147,800
2014 $2,105 $221,600 $73,800 $147,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Charlottesville area Association of Realtors®

MLS Number: 655432

Charlottesville area Association of Realtors®

APN: 40B-018-000