402 E Spencer St Culpeper, VA 22701
Estimated payment $1,735/month
Highlights
- Colonial Architecture
- Corner Lot
- Porch
- 8 Fireplaces
- No HOA
- 3-minute walk to Yowell Meadow Park
About This Home
Property Description (Do Not Enter the Home)
Fantastic Redevelopment Opportunity – Downtown Culpeper! Premier corner lot (0.44 acres) located in the Town of Culpeper. The existing structure is unsafe to enter and more than likely needs to be demolished. Favorable zoning and generous lot size provide excellent potential for redevelopment — build a duplex or 5 unit apartment building for income or your dream home close to downtown amenities. See site plan for 5 unit apartment building, approval most likely in the next 30-40 Days. This is also listed in Commercial....VACU2011932 The property was last used as a duplex with separate entries to a 3 BR / 1 BA unit and a 2 BR / 1 BA unit, totaling approximately 3,200 sq. ft. (per tax records). Structure is uninhabitable and offers no value. Being sold as-is. Highlights: Lot Size: 0.44 acres (corner lot) Zoning: Favorable for multi-family or single-family (verify with Town of Culpeper) Location: Walking distance to downtown shops, dining, and entertainment Utilities: Public water and sewer available Structure: Unsafe – demolition required
Listing Agent
(540) 222-3777 pamdes@montaguemiller.com Montague, Miller & Company License #0225242578 Listed on: 10/26/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,002
Year Built
- Built in 1953
Lot Details
- 0.44 Acre Lot
- Corner Lot
- Property is zoned R2, R2
Home Design
- Colonial Architecture
- Asphalt Roof
- Asbestos
Interior Spaces
- 3,189 Sq Ft Home
- Property has 2 Levels
- 8 Fireplaces
- Living Room
- Storage Room
- Utility Room
Bedrooms and Bathrooms
- In-Law or Guest Suite
Unfinished Basement
- Side Basement Entry
- Crawl Space
Parking
- 1 Parking Space
- 1 Detached Carport Space
Outdoor Features
- Shed
- Porch
Utilities
- Window Unit Cooling System
- Hot Water Heating System
- Electric Water Heater
- Public Septic
Community Details
- No Home Owners Association
- Town Of Culpeper Subdivision
Listing and Financial Details
- Assessor Parcel Number 41-A2-1-X1-1
Map
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 | $2,521 | $397,100 | $82,100 | $315,000 |
| 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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/06/2025 12/06/25 | Pending | -- | -- | -- | |
| 11/13/2025 11/13/25 | Price Changed | $299,000 | -17.9% | $94 / Sq Ft | |
| 11/07/2025 11/07/25 | Price Changed | $364,000 | -4.0% | $114 / Sq Ft | |
| 10/26/2025 10/26/25 | For Sale | $379,000 | +152.7% | $119 / Sq Ft | |
| 07/30/2025 07/30/25 | Sold | $150,000 | -50.0% | $47 / Sq Ft | View Prior Sale |
| 07/04/2025 07/04/25 | Pending | -- | -- | -- | |
| 06/17/2025 06/17/25 | For Sale | $300,000 | -- | $94 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $150,000 | Doma Title Insurance Company |
Source: Bright MLS
MLS Number: VACU2011926
APN: 41-A2-1-X1-1
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