3500 Sunset Lodge Ct Charlottesville, VA 22903
Estimated payment $19,297/month
Total Views
4,361
--
Bed
--
Bath
--
Sq Ft
--
Price per Sq Ft
Highlights
- No HOA
- Central Air
- Heat Pump System
- Virginia L. Murray Elementary School Rated A
About This Home
Introducing a one-of-a-kind investment opportunity located in the coveted Ivy, VA. Ivy Cottages, formally known as 'The Sunset Lodge Dining Room and Motel' was founded in the early 1900s. This property features 10 thoughtfully designed 1-bedroom, 1-bath units with fully equipped kitchens. Five of these units are fully renovated, turnkey, and currently renting. Two of the 8 cottages are shells awaiting creative renovation (architectural plans available). The main house, currently under renovation, is centrally located on the property. It includes 1,800+- sqft of versatile space on the main level suitable for events or office use. The upper level features two additional 1 bedroom 1-bath units. Conveniently positioned near Charlottesville, UVA, Crozet, and the Monticello Wine Trail, this offering presents a rare opportunity to acquire 10 income producing units in one of the most sought after areas in Central, VA.
Listing Agent
CORE REAL ESTATE PARTNERS LLC License #0225252909[103444] Listed on: 09/11/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $16,165
Year Built
- Built in 1938
Lot Details
- 2.49 Acre Lot
Home Design
- Block Foundation
- Slab Foundation
Schools
- Murray Elementary School
- Henley Middle School
- Western Albemarle High School
Utilities
- Central Air
- Heat Pump System
- Well
- Septic Tank
Community Details
- No Home Owners Association
- 10 Units
Map
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Home Values in the Area
Average Home Value in this Area
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 | $17,069 | $1,909,300 | $535,900 | $1,373,400 |
| 2024 | $17,418 | $1,892,900 | $535,900 | $1,357,000 |
| 2023 | $14,429 | $1,689,600 | $535,900 | $1,153,700 |
| 2022 | $5,918 | $693,000 | $176,000 | $517,000 |
| 2021 | $5,999 | $702,400 | $176,000 | $526,400 |
| 2020 | $4,972 | $582,200 | $135,000 | $447,200 |
| 2019 | $4,824 | $564,900 | $135,000 | $429,900 |
| 2018 | $4,009 | $519,800 | $135,000 | $384,800 |
| 2017 | $3,656 | $435,800 | $114,800 | $321,000 |
| 2016 | $3,977 | $474,000 | $153,000 | $321,000 |
| 2015 | $3,816 | $468,000 | $153,000 | $315,000 |
| 2014 | -- | $466,600 | $153,000 | $313,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/13/2025 05/13/25 | Pending | -- | -- | -- |
| 04/22/2025 04/22/25 | For Sale | $3,250,000 | 0.0% | -- |
| 10/30/2024 10/30/24 | Off Market | $3,250,000 | -- | -- |
| 09/11/2024 09/11/24 | For Sale | $3,250,000 | -- | -- |
Source: Bright MLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,800,000 | Chicago Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,000,000 | New Conventional | |
| Closed | $1,440,000 | New Conventional | |
| Previous Owner | $475,000 | Credit Line Revolving | |
| Previous Owner | $300,000 | Credit Line Revolving | |
| Previous Owner | $100,000 | Credit Line Revolving |
Source: Public Records
Similar Homes in Charlottesville, VA
Source: Bright MLS
MLS Number: 656728
APN: 05800-00-00-00700
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