NOT LISTED FOR SALE

3322 Arbor Terrace Charlottesville, VA 22911

Estimated Value: $388,000 - $434,000

3 Beds
2.5 Baths
1,495 Sq Ft
$274/Sq Ft Est. Value

Last Sold July 07, 2023

Last sale price $385,000 $258 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $2,764/month

3 Days on Market

Highlights

  • Fitness Center
  • View of Trees or Woods
  • Community Lake
  • Baker-Butler Elementary School Rated A-
  • Colonial Architecture
  • Clubhouse

About This Home

As of July 2023

Come see this main-level living townhome in Forest Lakes, one of the most sought after neighborhoods in Charlottesville! There are no steps to enter the home, 32"+ doorways and 48"+ halls, making this townhome handicap accessible. The exterior of the townhome was recently updated: siding was replaced in 2018, roof replaced in 2019, and gutters replaced in 2020. The current owner made significant improvements to the interior in 2020: new hardwood floors, new carpet with upgraded carpet padding, remodeled kitchen with new cabinets and quartz countertops, an ecosystem thermostat, new outlets and switches throughout the home, and more! One of the best features of this location is the backyard, which overlooks trees instead of other neighbors. You have the feeling of country living with the convenience of being less than one mile from the grocery store, shopping centers, medical facilities, and more. This townhome is just around the corner from one of the two pools in Forest Lakes. This community offers over miles of walking trails, two clubhouses, two pools, tennis, pickleball, volleyball, and basketball courts, fitness center, athletic fields, multiple lakes, and available garden plots. This property is priced to sell and will not be available for long. Make plans to see this home before it's gone!

Last Agent to Sell the Property

Lindsey McClellan

(855) 450-0442 dmvbroker@therealbrokerage.com Real Broker, LLC License #0225242977 Listed on: 06/01/2023

Real Broker, LLC

Co-Listed By

Jimmy Snyder

(855) 450-0442 dmvbroker@therealbrokerage.com Real Broker, LLC

Last Buyer's Agent

K.T. LYNN

(434) 361-0500 klynn@wintregreerealestate.com WINTERGREEN REALTY, LLC License #0225000617[506]

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,006

Year Built

  • Built in 1993 | Remodeled in 2020

Lot Details

  • Landscaped
  • Backs to Trees or Woods

HOA Fees

  • $355 Monthly HOA Fees

Parking

  • 1 Car Direct Access Garage
  • 2 Driveway Spaces
  • Front Facing Garage

Home Design

  • Colonial Architecture
  • Slab Foundation
  • Vinyl Siding

Interior Spaces

  • 1,495 Sq Ft Home
  • Property has 2 Levels
  • Gas Fireplace
  • Window Treatments
  • Combination Dining and Living Room
  • Views of Woods
  • Laundry on main level

Kitchen

  • Electric Oven or Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • Walk-In Closet

Accessible Home Design

  • Halls are 48 inches wide or more
  • Doors are 32 inches wide or more
  • Entry thresholds less than 5/8 inches

Schools

  • Baker-Butler Elementary School
  • Sutherland Middle School
  • Albemarle High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Back Up Gas Heat Pump System
  • Natural Gas Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 5100
  • Assessor Parcel Number 046B4010L05100

Community Details

Overview

  • Association fees include common area maintenance, exterior building maintenance, lawn maintenance, trash, road maintenance
  • Arbor Lake Townhouses HOA
  • Forest Lakes Subdivision
  • Community Lake

Amenities

  • Common Area
  • Clubhouse

Recreation

  • Tennis Courts
  • Soccer Field
  • Community Playground
  • Fitness Center
  • Community Pool
  • Jogging Path
  • Bike Trail

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,006

Year Built

Built in 1993 | Remodeled in 2020

Lot Details

0 Sq Ft Lot

HOA Fees

$355 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Structure Type: Interior Row/Townhouse
  • Architectural Style: Colonial
  • Accessibility Features: 32"+ Wide Doors, 48"+ Halls, Thresholds <5/8", Level Entry - Main
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main, Upper 1
  • Expected On Market: 6/1/2023 12:00:00 AM
  • Year Built: 1993
  • Year Renovated: 2020
  • Automatically Close On Close Date: Yes
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Appliances: Built-In Microwave, Dishwasher, Disposal, Oven/Range - Electric, Refrigerator, Water Heater
  • Interior Amenities: Combination Dining/Living, Entry Level Bedroom, Walk-In Closet(s), Window Treatments
  • Fireplace Features: Gas/Propane
  • Fireplaces Count: 1
  • Fireplace: Yes
  • Foundation Details: Slab
  • Levels Count: 2
  • Basement: No
  • Laundry Type: Main Floor
  • Total Sq Ft: 1495
  • Living Area Sq Ft: 1495
  • Price Per Sq Ft: 257.53
  • Above Grade Finished Sq Ft: 1495
  • Above Grade Finished Area Units: Square Feet

Beds/Baths

  • Bedrooms: 3
  • Main Level Bedrooms: 1
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Main Level Bathrooms: 2.00
  • Upper Level Bathrooms: 1
  • Upper Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1
  • Main Level Half Bathrooms: 1

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Construction Materials: Vinyl Siding
  • View: Trees/Woods
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: Yes - Community
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage Spaces: 1.00
  • Garage: Yes
  • Parking Features: Asphalt Driveway
  • Garage Features: Garage - Front Entry, Inside Access
  • Attached Garage Spaces: 1
  • Total Garage And Parking Spaces: 3
  • Type Of Parking: Attached Garage, Driveway
  • Number of Spaces in Driveway: 2

Utilities

  • Central Air Conditioning: Yes
  • Cooling Fuel: Electric
  • Cooling Type: Central A/C
  • Heating Fuel: Natural Gas
  • Heating Type: Heat Pump - Gas Backup
  • Heating: Yes
  • Hot Water: Natural Gas
  • Sewer/Septic System: Public Sewer
  • Utilities: Cable Tv Available, Natural Gas Available
  • Water Source: Public

Condo/Co-op/Association

  • HOA Fees: 355.00
  • HOA Fee Frequency: Monthly
  • Condo Co-Op Association: No
  • HOA Condo Co-Op Amenities: Bike Trail, Club House, Common Grounds, Fitness Center, Jog/Walk Path, Lake, Pool - Outdoor, Soccer Field, Tennis Courts, Tot Lots/Playground
  • HOA Condo Co-Op Fee Includes: Common Area Maintenance, Ext Bldg Maint, Lawn Maintenance, Trash, Road Maintenance
  • HOA Name: ARBOR LAKE TOWNHOUSES
  • HOA: Yes
  • Senior Community: No
  • Community Pool Features: In Ground

Schools

  • Elementary School Source: Listing Agent
  • High School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Source: Listing Agent
  • Elementary School: BAKER-BUTLER
  • High School: ALBEMARLE
  • Middle Or Junior School: SUTHERLAND

Lot Info

  • Lot Features: Backs To Trees, Landscaping
  • Lot Size Units: Square Feet
  • Zoning: R6
  • In City Limits: No

Rental Info

  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 3006.00
  • Assessor Parcel Number: 046B4010L05100
  • Tax Lot: 5100
  • County Tax Payment Frequency: Annually
  • Tax Year: 2023

MLS Schools

  • School District Name: ALBEMARLE COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2023
Closed on
Jun 29, 2023
Sold by
Walker Lynn P
Bought by
Eerbert Carolyn M
Seller's Agent
Lindsey McClellan
Real Broker, LLC
Buyer's Agent
K.T. LYNN
WINTERGREEN REALTY, LLC
List Price
$385,000
Sold Price
$385,000
Views
12
Current Estimated Value
$408,993

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,993
Avg. Annual Appreciation
2.34%
Original Mortgage
$299,200
Outstanding Balance
$290,665
Interest Rate
5.81%
Mortgage Type
New Conventional
Estimated Equity
$118,328

Purchase Details

Closed on
Apr 17, 2020
Sold by
Arnason Wayne B and Rolenz Kathleen C
Bought by
Walker Lynn P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 2019
Sold by
Arnason Wayne B and Rolenz Kathleen C
Bought by
Arnason Wayne B and Rlt Kathleen C Rolenz
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
Eerbert Carolyn M $385,000 Old Republic National Title In
Walker Lynn P $270,000 Old Republic Natl Ttl Ins Co
Arnason Wayne B -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Eerbert Carolyn M $299,200
Previous Owner Walker Lynn P $216,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/07/2023 07/07/23 Sold $385,000 0.0% $258 / Sq Ft
06/05/2023 06/05/23 Pending -- -- --
06/01/2023 06/01/23 For Sale $385,000 -- $258 / Sq Ft
Source: Bright MLS

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 $3,708 $414,800 $85,000 $329,800
2024 $3,117 $365,000 $85,000 $280,000
2023 $3,006 $352,000 $80,000 $272,000
2022 $2,560 $299,800 $67,500 $232,300
2021 $2,329 $272,700 $72,500 $200,200
2020 $2,139 $250,500 $70,000 $180,500
2019 $2,110 $247,100 $60,000 $187,100
2018 $2,000 $242,600 $60,000 $182,600
2017 $1,965 $234,200 $55,000 $179,200
2016 $1,829 $218,000 $55,000 $163,000
2015 $907 $221,400 $55,000 $166,400
2014 -- $204,500 $55,000 $149,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: VAAB2000412

Bright MLS

APN: 046B4-01-0L-05100

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