NOT LISTED FOR SALE

300 Churchville Ave Staunton, VA 24401

Estimated Value: $6,062,318

-- Bed
-- Bath
96,829 Sq Ft
$63/Sq Ft Est. Value

Last Sold July 29, 2024

Last sale price $7,000,000 $72 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $37,968/month

49 Days on Market

Highlights

  • Central Air
  • Heat Pump System
  • High-Rise Condominium
  • Stacked Washer and Dryer

About This Home

As of July 2024

Own a piece of Staunton's history. The old Robert E. Lee High School. Now a fully leased 67 unit senior apartment building with a theater, event room, social area, manager's office and 33 storage units. Built in 1925 on 5.75 acres. A three story brick structure +- 96,800 square feet. . This parcel is located across from another one of Staunton's treasures - Gypsy Hill Park. Within walking distance to Staunton's vibrant downtown district. PRICED BELOW CURRENT APPRAISAL. Sellers will also entertain selling the old school administration building located behind the apartments. It's a 5,934 square foot structure unfinished with a new roof and 14 parking spaces. The Hilltop is a 55 years of age or older independent living apartment building not an assisted living facility. Owner/Agent.

Last Agent to Sell the Property

Will Wright

DICK FIREBAUGH REAL ESTATE License #0225225779 Listed on: 03/27/2024

Last Buyer's Agent

Mike Martin

Cottonwood Commercial LLC License #0225265521

Cottonwood Commercial LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $43,330

Year Built

  • Built in 1925

Lot Details

  • 6.4

Home Design

  • 96,829 Sq Ft Home
  • Block Foundation
  • Slate Roof

Schools

  • A.R. Ware Elementary School
  • Shelburne Middle School
  • Staunton High School

Utilities

  • Central Air
  • Heat Pump System

Additional Features

  • Stacked Washer and Dryer
  • 6.4 Acre Lot

Community Details

  • 67 Units
  • High-Rise Condominium

Listing and Financial Details

  • The owner pays for common area maintenance, insurance, management, snow removal, sewer, taxes, trash collection, water
  • Assessor Parcel Number 9134

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$43,330

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential
  • Parcel Number: 9134
  • Property Sub Type: Apartment
  • LotSizeAcres: 6.4
  • Road Frontage Type: Public Road
  • Co List Office Mls Id: 6031
  • Subdivision Name: NONE
  • Structure Type: High Rise
  • PropertySubTypeAdditional: Multi Family
  • Special Features: None

Interior Features

  • Living Area: 96829.0

Exterior Features

  • Roof: Slate
  • Foundation Details: Block

Utilities

  • Heating: Heat Pump
  • Utilities: Fiber Optic Available
  • Sewer: Public Sewer
  • Laundry Features: Stacked
  • Cooling: Central Air
  • Heating Yn: Yes
  • Water Source: Public

Schools

  • Elementary School: A.R. Ware
  • Middle Or Junior School: Shelburne

Lot Info

  • Land Lease Expiration Date: 2025-03-27
  • Zoning Description: B-3 Planned Business

Rental Info

  • Owner Pays: Common Area Maintenance, Insurance, Management, Snow Removal, Sewer, Taxes, Trash Collection, Water
  • LeaseAmount: 1092320.0

Building Info

  • Year Built: 1925

Tax Info

  • Year: 2024
  • Tax Annual Amount: 43330.0

Multi Family

  • Number Of Units Total: 67

MLS Schools

  • HighSchool: Staunton

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 27, 2024
Closed on
Jul 31, 2024
Sold by
Hilltop Terrace Llc
Bought by
Longacre Property Management Llc
Seller's Agent
Will Wright
DICK FIREBAUGH REAL ESTATE
Buyer's Agent
Mike Martin
Cottonwood Commercial LLC
List Price
$7,300,000
Sold Price
$7,000,000
Premium/Discount to List
-$300,000
-4.11%
Views
311
Current Estimated Value
$6,062,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$937,682
Avg. Annual Appreciation
-12.26%

Purchase Details

Closed on
Jul 8, 2021
Sold by
Gypsy Hill Place Llc
Bought by
Hilltop Terrace Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Interest Rate
3%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Longacre Property Management Llc $7,000,000 Fidelity National Title
Hilltop Terrace Llc $4,750,000 Fidelity National Ttl Ins Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hilltop Terrace Llc $600,000
Previous Owner Hilltop Terrace Llc $3,500,000
Previous Owner Gypsy Hill Place Llc $4,750,000
Previous Owner Gypsy Hill Investments L L C $45,000
Previous Owner Gypsy Hill Hinvestments Llc $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/29/2024 07/29/24 Sold $7,000,000 -4.1% $72 / Sq Ft
05/15/2024 05/15/24 Pending -- -- --
03/27/2024 03/27/24 For Sale $7,300,000 -- $75 / 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 $60,003 $6,593,740 $221,440 $6,372,300
2024 $43,331 $4,868,600 $143,900 $4,724,700
2023 $43,331 $4,868,600 $143,900 $4,724,700
2022 $45,546 $4,950,700 $143,900 $4,806,800
2021 $45,546 $4,950,700 $143,900 $4,806,800
2020 $47,032 $4,950,700 $143,900 $4,806,800
2019 $47,032 $4,950,700 $143,900 $4,806,800
2018 $112,461 $11,593,900 $143,900 $11,450,000
2017 $112,461 $11,593,900 $143,900 $11,450,000
2016 $103,111 $10,853,800 $143,900 $10,709,900
2015 $103,111 $10,853,800 $143,900 $10,709,900
2014 $103,111 $10,853,800 $143,900 $10,709,900
Source: Public Records

Agents Affiliated with this Home

  • W

    Seller's Agent in 2024

    Will Wright

    DICK FIREBAUGH REAL ESTATE

    (540) 480-0226

    24 Total Sales

    Will Wright
    Section Image
  • Mike Martin

    Buyer's Agent in 2024

    Mike Martin

    Cottonwood Commercial LLC

    (540) 421-0360

    9 Total Sales

    Mike Martin
    Section Image
See All Agents

Map

Source: Charlottesville Area Association of REALTORS®

MLS Number: 651004

Charlottesville Area Association of REALTORS®

APN: 9134

Virginia Staunton City County Staunton 24401

300 Churchville Ave, Staunton, VA

This home is located at 300 Churchville Ave, Staunton, VA 24401 since 27 March 2024 and is currently estimated at $6,062,318, approximately $62 per square foot. This property was built in 1925. 300 Churchville Ave is a home located in Staunton City with nearby schools including Thomas C. McSwain Elementary School, Shelburne Middle School, and Staunton High School.

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.

Charlottesville Area Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes