500 Court Square Unit 505 Charlottesville, VA 22902
North Downtown Neighborhood
1
Bed
1
Bath
431
Sq Ft
$282/mo
HOA Fee
Highlights
- Panoramic View
- Main Floor Primary Bedroom
- Brick Exterior Construction
- Charlottesville High School Rated A-
- Butlers Pantry
- 1-minute walk to Jackson Park
About This Home
As of January 2023Unique opportunity to own a residence at prestigious 500 Court Square, formerly the iconic Monticello Hotel. Suite 504 offers a studio style efficiency with walls of built-ins, full kitchen, pantry and bath. Located on the 5th floor featuring remarkable Mountain and urban views. Wood and ceramic tile floors, built-ins, fine period finish details, pedestal sink - an absolute gem within the walkable community of Downtown Charlottesville. Floor plans attached. HOA fees cover utilities including basic cable and internet. Step into yesteryear when you enter the Lobby and are greeted by the Hostess/Attendant -- don't miss this unique opportunity!
Last Agent to Sell the Property
LORING WOODRIFF REAL ESTATE ASSOCIATES License #0225003353 Listed on: 04/28/2020
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,256
Year Built
- 1926
HOA Fees
- $282 Monthly HOA Fees
Property Views
- Panoramic
- Mountain
Home Design
- Brick Exterior Construction
Interior Spaces
- 431 Sq Ft Home
- 1-Story Property
- Ceramic Tile Flooring
Kitchen
- Butlers Pantry
- Electric Range
Bedrooms and Bathrooms
- 1 Primary Bedroom on Main
- 1 Full Bathroom
- Primary bathroom on main floor
Laundry
- Laundry Room
- Dryer
- Washer
Utilities
- Central Heating and Cooling System
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 530096505
Community Details
Overview
- Association fees include area maint, comm. laundry room, electricity, exterior maint, master ins. policy, prof. mgmt., reserve fund, trash pickup, water/sewer, yard maintenance
- $50 HOA Transfer Fee
Amenities
- Community Library
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 26, 2022
Closed on
Dec 15, 2022
Sold by
Wispelway Seth J
Bought by
Lee Seung Hun
Seller's Agent
Steven Braden
BRADEN PROPERTY MANAGEMENT
Buyer's Agent
Claudia Amacher
REAL BROKER, LLC
List Price
$245,000
Sold Price
$220,000
Premium/Discount to List
-$25,000
-10.2%
Views
45
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
$33,011
Avg. Annual Appreciation
4.81%
Original Mortgage
$150,000
Outstanding Balance
$145,458
Interest Rate
6.33%
Estimated Equity
$102,872
Purchase Details
Listed on
Apr 28, 2020
Closed on
Jun 8, 2020
Sold by
Rebecca Dolan
Bought by
Wispelwey Seth J
Seller's Agent
Tommy Brannock
LORING WOODRIFF REAL ESTATE ASSOCIATES
Buyer's Agent
Grier Murphy
NEST REALTY GROUP
List Price
$179,000
Sold Price
$179,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.49%
Similar Homes in Charlottesville, VA
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $220,000 | Stewart Title Guaranty Company | |
| Grant Deed | $179,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $150,000 | No Value Available | |
| Closed | $134,250 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/03/2023 01/03/23 | Sold | $220,000 | -2.2% | $510 / Sq Ft |
| 12/08/2022 12/08/22 | Pending | -- | -- | -- |
| 10/29/2022 10/29/22 | Price Changed | $225,000 | -5.9% | $522 / Sq Ft |
| 10/04/2022 10/04/22 | Price Changed | $239,000 | -2.4% | $555 / Sq Ft |
| 08/26/2022 08/26/22 | For Sale | $245,000 | 0.0% | $568 / Sq Ft |
| 03/04/2021 03/04/21 | Rented | $1,200 | 0.0% | -- |
| 03/01/2021 03/01/21 | Under Contract | -- | -- | -- |
| 02/07/2021 02/07/21 | For Rent | $1,200 | 0.0% | -- |
| 06/22/2020 06/22/20 | Sold | $179,000 | 0.0% | $415 / Sq Ft |
| 05/08/2020 05/08/20 | Pending | -- | -- | -- |
| 04/28/2020 04/28/20 | For Sale | $179,000 | -- | $415 / 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 |
|---|---|---|---|---|
| 2025 | $2,256 | $229,500 | $57,500 | $172,000 |
| 2024 | $2,256 | $229,100 | $57,500 | $171,600 |
| 2023 | $1,888 | $196,000 | $52,000 | $144,000 |
| 2022 | $1,743 | $180,900 | $46,800 | $134,100 |
| 2021 | $1,678 | $175,900 | $46,800 | $129,100 |
| 2020 | $1,542 | $161,600 | $29,600 | $132,000 |
| 2019 | $1,542 | $161,600 | $29,600 | $132,000 |
| 2018 | $479 | $100,100 | $10,000 | $90,100 |
| 2017 | $908 | $94,900 | $9,100 | $85,800 |
| 2016 | $871 | $91,000 | $8,300 | $82,700 |
| 2015 | -- | $91,000 | $8,300 | $82,700 |
| 2014 | -- | $86,300 | $7,500 | $78,800 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2023
Steven Braden
BRADEN PROPERTY MANAGEMENT
(434) 973-3003
1 in this area
61 Total Sales
-
C
Buyer's Agent in 2023
Claudia Amacher
REAL BROKER, LLC
(720) 377-4885
1 in this area
19 Total Sales
-
C
Buyer's Agent in 2023
CLAUDIA TROY
REAL BROKER, LLC
-
Seller's Agent in 2020
Tommy Brannock
LORING WOODRIFF REAL ESTATE ASSOCIATES
(434) 981-1486
5 in this area
251 Total Sales
-
Buyer's Agent in 2020
Grier Murphy
NEST REALTY GROUP
(434) 466-5850
7 in this area
145 Total Sales
Map
Source: Charlottesville area Association of Realtors®
MLS Number: 603055
APN: 530-096-505
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