428 Monroe Ln Unit 503 Charlottesville, VA 22903
Jefferson Park Avenue NeighborhoodEstimated Value: $624,000 - $785,000
2
Beds
2.5
Baths
1,293
Sq Ft
$474/mo
HOA Fee
Highlights
- Wood Flooring
- Great Room
- Patio
- Charlottesville High School Rated A-
- Breakfast Bar
- Living Room
About This Home
As of June 2024THE BARRINGER – An immaculate penthouse offering convenience and luxury living in the heart of University of Virginia. Seconds from the University Medical Complex, the vistas from the 5th-floor condo are unparalleled. Enter a light filled spacious great room with a cozy fireplace; well appointed kitchen with stainless appliances & breakfast bar; and half bath. Room for both comfortable living and dining in this main living area which flows out to a balcony for outside enjoyment. Upstairs, the primary suite with an upscale bathroom, ample closet space is a private sanctuary. There is a second bedroom with a private full bath that is also perfect for home office. Easy to access stackable laundry is in the hallway. The unit includes an assigned parking space in a private lower-level garage. For added security, there is electronic lock access for outer doors and elevator. On UVA and City of Charlottesville Transit Lines and very walkable to Grounds, The Stadium, Hospital and Historic Downtown Mall. A very unique location and residence.
Last Agent to Sell the Property
MCLEAN FAULCONER INC., REALTOR License #0225111406 Listed on: 03/13/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $5,747
Year Built
- Built in 2007
HOA Fees
- $474 Monthly HOA Fees
Home Design
- Brick Exterior Construction
- Poured Concrete
Interior Spaces
- 1,293 Sq Ft Home
- 2-Story Property
- Great Room
- Living Room
- Dining Room
- Home Security System
Kitchen
- Breakfast Bar
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Stone
Bedrooms and Bathrooms
- 2 Bedrooms
- Primary bedroom located on second floor
- Bathroom on Main Level
Laundry
- Laundry Room
- Stacked Washer and Dryer
Parking
- 1 Car Garage
- Basement Garage
Schools
- Venable Elementary School
- Walker & Buford Middle School
- Charlottesville High School
Additional Features
- Patio
- Heat Pump System
Listing and Financial Details
- Assessor Parcel Number 110117530
Community Details
Overview
- The Barringer Subdivision
Security
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 13, 2024
Closed on
May 29, 2024
Sold by
Busey Samuel H and Busey Carol F
Bought by
Smith Moira
Seller's Agent
Charlotte Dammann
MCLEAN FAULCONER INC., REALTOR
Buyer's Agent
PETE KOOKEN
DOGWOOD REALTY GROUP LLC
List Price
$719,000
Sold Price
$625,000
Premium/Discount to List
-$94,000
-13.07%
Views
88
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,224
Avg. Annual Appreciation
8.17%
Original Mortgage
$625,000
Outstanding Balance
$619,239
Interest Rate
7.5%
Estimated Equity
$59,985
Purchase Details
Closed on
Mar 24, 2018
Sold by
Cooke Timothy W and Cooke Sherrie R
Bought by
Busey Samuel H and Busey Carol F
Purchase Details
Closed on
Sep 27, 2007
Bought by
Cooke Timothy W and Cooke Sherrie R
Similar Homes in the area
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Smith Moira | $625,000 | Chicago Title Insurance Co | |
| Busey Samuel H | $443,500 | Fidelity Nat L Title Ins Co | |
| Cooke Timothy W | $575,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Smith Moira | $625,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/05/2024 06/05/24 | Sold | $625,000 | -9.3% | $483 / Sq Ft |
| 04/28/2024 04/28/24 | Pending | -- | -- | -- |
| 04/11/2024 04/11/24 | Price Changed | $689,000 | -4.2% | $533 / Sq Ft |
| 03/13/2024 03/13/24 | For Sale | $719,000 | -- | $556 / Sq Ft |
Source: Charlottesville area Association of Realtors®
Tax History Compared to Growth
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 | $5,998 | $598,600 | $84,500 | $514,100 |
| 2023 | $5,664 | $588,100 | $78,000 | $510,100 |
| 2022 | $5,045 | $523,600 | $67,600 | $456,000 |
| 2021 | $4,180 | $438,100 | $60,000 | $378,100 |
| 2020 | $4,180 | $438,100 | $60,000 | $378,100 |
| 2019 | $4,180 | $438,100 | $60,000 | $378,100 |
| 2018 | $2,125 | $445,400 | $42,000 | $403,400 |
| 2017 | $4,230 | $443,400 | $40,000 | $403,400 |
| 2016 | $5,375 | $563,900 | $40,000 | $523,900 |
| 2015 | $2,969 | $563,900 | $40,000 | $523,900 |
| 2014 | $2,969 | $563,900 | $40,000 | $523,900 |
Source: Public Records
Agents Affiliated with this Home
-
Charlotte Dammann
Seller's Agent in 2024
Charlotte Dammann
MCLEAN FAULCONER INC., REALTOR
(434) 981-1250
2 in this area
117 Total Sales
-
PETE KOOKEN
Buyer's Agent in 2024
PETE KOOKEN
DOGWOOD REALTY GROUP LLC
(434) 981-3687
2 in this area
76 Total Sales
Map
Source: Charlottesville area Association of Realtors®
MLS Number: 650507
APN: 110-117-530
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