$150,000
SOLD JUL 30, 2025

402 E Spencer St Culpeper, VA 22701

-- Bed
-- Bath
3,190 Sq Ft
0.44 Acres

Recently Sold

$47 Per Sq Ft

50% Below List Price

17 Days on Market

Highlights

  • Colonial Architecture
  • Corner Lot
  • Porch
  • Traditional Floor Plan
  • Country Kitchen
  • 3-minute walk to Yowell Meadow Park

About This Home

As of July 2025

Fantastic opportunity to demolish and rebuild on a PREMIER CORNER LOT in the Town of Culpeper.

The existing structure needs to be demolished and is NOT SAFE TO ENTER. However, favorable zoning on this oversized (.44 acre) corner lot offers plenty of opportunities to rebuild. Great spot for an income producing duplex or build your dream home just steps away from all that downtown Culpeper has to offer!

The current home was last used as a duplex with separate entries to both a 3/1 unit and a 2/1 unit. The massive home once featured nearly 3200 sq/ft of living space - but significant damage/deterioration has made it uninhabitable. So, tear down and start fresh on this incredible lot!

Last Agent to Sell the Property

Shawn Peacher

Network Realty Group License #0225063299 Listed on: 06/17/2025

Last Buyer's Agent

Pamela Deslauriers

Montague, Miller & Company License #0225242578

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,002

Year Built

  • Built in 1953

Lot Details

  • 0.44 Acre Lot
  • Corner Lot

Home Design

  • Duplex
  • Colonial Architecture
  • Brick Foundation
  • Block Foundation
  • Asphalt Roof
  • Asbestos

Interior Spaces

  • 3,190 Sq Ft Home
  • Traditional Floor Plan

Kitchen

  • Country Kitchen
  • Electric Oven or Range

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • 1 Detached Carport Space

Outdoor Features

  • Shed
  • Porch

Schools

  • Pearl Sample Elementary School
  • Floyd T. Binns Middle School
  • Eastern View High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Electric Water Heater

Community Details

  • Town Of Culpeper Subdivision

Listing and Financial Details

  • Assessor Parcel Number 41A2 1X1 1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,002

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Multi-Family
  • Property Sub Type: Duplex
  • Structure Type: Detached
  • Architectural Style: Colonial
  • Ownership: Fee Simple
  • Historic: No
  • New Construction: No
  • Year Built: 1953
  • Automatically Close On Close Date: No
  • Remarks Public: Fantastic opportunity to demolish and rebuild on a PREMIER CORNER LOT in the Town of Culpeper. The existing structure needs to be demolished and is NOT SAFE TO ENTER. However, favorable zoning on this oversized (.44 acre) corner lot offers plenty of opportunities to rebuild. Great spot for an income producing duplex or build your dream home just steps away from all that downtown Culpeper has to offer! The current home was last used as a duplex with separate entries to both a 3/1 unit and a 2/1 unit. The massive home once featured nearly 3200 sq/ft of living space - but significant damage/deterioration has made it uninhabitable. So, tear down and start fresh on this incredible lot!
  • Special Features: None

Interior Features

  • Appliances: Dryer, Oven/Range - Electric, Refrigerator, Washer
  • Interior Amenities: Kitchen - Country, Floor Plan - Traditional
  • Fireplace: No
  • Foundation Details: Block, Brick/Mortar
  • Basement: No
  • Total Sq Ft: 3190
  • Living Area Sq Ft: 3190
  • Price Per Sq Ft: 94.04
  • Above Grade Finished Sq Ft: 3190
  • Above Grade Finished Area Units: Square Feet
  • Street Number Modifier: 402

Exterior Features

  • Other Structures: Above Grade, Below Grade
  • Other Structures List: Shed
  • Construction Materials: Asbestos
  • Road Surface Type: Black Top
  • Roof: Asphalt
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Number Of Detached Carport Spaces: 1
  • Total Garage And Parking Spaces: 1
  • Type Of Parking: Detached Carport

Utilities

  • Central Air Conditioning: No
  • Cooling Fuel: Electric
  • Cooling Type: Window Unit(s)
  • Heating Fuel: Natural Gas
  • Heating Type: Hot Water
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Public Sewer
  • Water Source: Public

Schools

  • School District: CULPEPER COUNTY PUBLIC SCHOOLS
  • Elementary School: PEARL SAMPLE
  • Middle School: FLOYD T. BINNS
  • High School: EASTERN VIEW
  • Elementary School Source: Listing Agent
  • Middle School Source: Listing Agent
  • School District Key: 121140976308
  • School District Source: Listing Agent
  • Elementary School: PEARL SAMPLE
  • High School: EASTERN VIEW
  • Middle Or Junior School: FLOYD T. BINNS

Lot Info

  • Lot Features: Corner
  • Lot Size Acres: 0.44
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 19166.00
  • Outdoor Living Structures: Porch(es)
  • Year Assessed: 2024
  • Zoning: R2
  • Zoning Description: Residential - Medium Density (Duplex Allowed)
  • In City Limits: Yes

Rental Info

  • Existing Lease Type: None
  • Ground Rent Exists: No
  • Vacation Rental: No

Tax Info

  • Tax Annual Amount: 2002.00
  • Assessor Parcel Number: 41A2 1X1 1
  • County Tax Payment Frequency: Annually
  • Tax Year: 2024
  • Close Date: 07/30/2025

MLS Schools

  • School District Name: CULPEPER COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2025
Closed on
Jul 30, 2025
Sold by
Pressley Leroy A
Bought by
Atrio Investments Llc
Seller's Agent
Shawn Peacher
Network Realty Group
Buyer's Agent
Pamela Deslauriers
Montague, Miller & Company
List Price
$300,000
Sold Price
$150,000
Premium/Discount to List
-$150,000
-50%
Views
47
Current Estimated Value
$339,047

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,047
Avg. Annual Appreciation
165749.81%
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 Type Sale Price Title Company
Deed $150,000 Doma Title Insurance Company
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $135,000 Credit Line Revolving
Previous Owner $98,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2025 07/30/25 Sold $150,000 -50.0% $47 / Sq Ft
07/04/2025 07/04/25 Pending -- -- --
06/17/2025 06/17/25 For Sale $300,000 -- $94 / 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
2024 $2,521 $373,600 $63,000 $310,600
2023 $2,483 $373,600 $63,000 $310,600
2022 $1,574 $286,100 $62,100 $224,000
2021 $1,808 $286,100 $62,100 $224,000
2020 $1,570 $253,300 $49,500 $203,800
2019 $1,570 $253,300 $49,500 $203,800
2018 $1,612 $240,600 $49,500 $191,100
2017 $1,612 $240,600 $49,500 $191,100
2016 $1,557 $231,500 $49,500 $182,000
2015 $1,557 $213,300 $49,500 $163,800
2014 $1,634 $170,200 $50,000 $120,200
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Bright MLS

MLS Number: VACU2010846

Bright MLS

APN: 41-A2-1-X1-1