NOT LISTED FOR SALE

505 Penny Well Dr Crozet, VA 22932

Estimated Value: $729,000 - $800,000

5 Beds
4.5 Baths
2,798 Sq Ft
$273/Sq Ft Est. Value

Last Sold July 27, 2022

Last sale price $775,000 $277 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,737/month

11 Days on Market

Highlights

  • Home Theater
  • Mountain View
  • Wood Flooring
  • Brownsville Elementary School Rated A-
  • Great Room with Fireplace
  • Granite Countertops

About This Home

As of July 2022

5 Bed/4.5 bathroom modern farmhouse style home in Old Trail with upgrades galore and 2' extension! This stunning smart home features Restoration Hardware light fixtures and ceiling fans, designer paints, whitewashed hickory and oak hardwood floors. The spacious, open main level floor plan is full of light with southern facing windows. Gourmet kitchen features granite counters, open shelving with reclaimed barn wood, and large island with seating. Appliances include a new Samsung Bespoke glass paneled refrigerator with customizable zones, gas range, and updated stainless Kitchen Aid dishwasher. Enjoy the outdoors in the beautifully landscaped courtyard or the serene front porch overlooking the pocket park. Upstairs the luxurious owners suite features new carpet, a California closets, walk-in closet, wi fi enabled smart blinds, and a spa-like ensuite bathroom. Two additional bedrooms on the second floor share a hall bath. The finished third floor features a guest/teen suite with private bathroom. The show-stopper of this home is the finished basement with home theater and speaker wiring, gas fireplace, and bar. Fifth bedroom/workout room with sauna and full bathroom on the lower level too! Walk to schools and the best of Old Trail!

Last Agent to Sell the Property

Denise Ramey

LONG & FOSTER - CHARLOTTESVILLE WEST License #0225102217 Listed on: 06/09/2022

LONG & FOSTER - CHARLOTTESVILLE WEST

Last Buyer's Agent

Greg Kaplan

RE/MAX ADVANTAGE-WAYNESBORO License #225061509

RE/MAX ADVANTAGE-WAYNESBORO

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,865

Year Built

  • Built in 2014

Lot Details

  • 4,356 Sq Ft Lot
  • Garden
  • Property is zoned R-1 Residential

HOA Fees

  • $67 Monthly HOA Fees

Property Views

  • Mountain
  • Garden

Home Design

  • Poured Concrete
  • Metal Roof

Interior Spaces

  • 3-Story Property
  • Wet Bar
  • Ceiling height of 9 feet or more
  • Multiple Fireplaces
  • Gas Log Fireplace
  • Vinyl Clad Windows
  • Mud Room
  • Great Room with Fireplace
  • Breakfast Room
  • Dining Room
  • Home Theater
  • Recreation Room with Fireplace
  • Utility Room
  • Fire and Smoke Detector

Kitchen

  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Concrete
  • Ceramic Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathroom on Main Level
  • Double Vanity
  • Dual Sinks

Laundry

  • Laundry Room
  • Dryer
  • Washer

Partially Finished Basement

  • Heated Basement
  • Fireplace in Basement

Parking

  • 2 Car Detached Garage
  • Automatic Garage Door Opener

Eco-Friendly Details

  • Green Features

Schools

  • Brownsville Elementary School
  • Henley Middle School
  • Western Albemarle High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Programmable Thermostat
  • High Speed Internet
  • Cable TV Available

Community Details

  • Association fees include area maint, master ins. policy, play area, prof. mgmt., reserve fund, snow removal, trash pickup
  • $58 HOA Transfer Fee
  • Built by PIEDMONT BUILDERS
  • Old Trail Subdivision

Listing and Financial Details

  • Assessor Parcel Number 055E0-13-0B-02000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,865

Year Built

Built in 2014

Lot Details

0

HOA Fees

$67 per month

Listing Details

  • Class: RESIDENTIAL
  • Property Type: Detached
  • Above Grade Finished Sq Ft: 2148
  • Below Grade Total Sq Ft: 920
  • L V T Date: 06/15/2022
  • Parcel Number: 055E0-13-0B-02000
  • Price Per Sq Ft: 276.98
  • Property Excluded: Chair swing in wellness room and porch swing on front porch do not convey. White hydrangea on penny well lane to be removed. Firepit and Firewood/holder do not convey. Wine refrigerators in storage area do not convey.
  • Property Included: Appliances in kitchen including gas range, dishwasher, refrigerator, washer and dryer with sidekick washer. Wired in-wall speakers in basement convey. Sauna conveys if desired.
  • Show Bldr Nameto Public: Yes
  • Total Sq Ft: 3528
  • Total Unfinished Sq Ft: 730
  • Type of Construction: On Site Built
  • Zoning: R-1 Residential
  • Subdivision: OLD TRAIL
  • Comments: Yes
  • Concatenated Rooms1: |Great Room1|Dining Roo1|Kitchen1|Breakfast1|Half Bath1|Mud Room1|Master Bed2|Master BTH2|Bedroom2|Bedroom2|Full Bath2|Laundry2|Bedroom3|Full Bath3|Home TheatB|BedroomB|Full BathB|Utility RoB|
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Unfinished Below Grade Sq Ft: 270
  • Fireplace: Gas, Gas Logs, Two
  • Laundry: Dryer, Washer
  • Basement Type: Heated, Inside Access, Partly Finished
  • Room 1: Great Room,21'7x20'3,On Level: 1
  • Room 2: Dining Room,10x16'10,On Level: 1
  • Room 3: Kitchen,11'6x16'4,On Level: 1
  • Room 4: Breakfast Room,9'11x7'6,On Level: 1
  • Room 5: Half Bath,On Level: 1
  • Room 6: Mud Room,On Level: 1
  • Room 7: Master Bedroom,14x13'11,On Level: 2
  • Room 8: Master Bath,On Level: 2
  • Room 9: Bedroom,14x9'11,On Level: 2
  • Room 10: Bedroom,14x10,On Level: 2
  • Room 11: Full Bath,On Level: 2
  • Room 12: Laundry,On Level: 2
  • Room 13: Bedroom,15'5x14'4,On Level: 3
  • Room 14: Full Bath,On Level: 3
  • Room 15: Home Theater,21'7x20'7,On Level: Basement
  • Room 16: Bedroom,11'5x12'2,On Level: Basement
  • Room 17: Full Bath,On Level: Basement
  • Total Finished Sq Ft: 2798
  • Above Grade Finished Sq Ft: 2148
  • Basement: Yes
  • Below Grade Finished Sq Ft: 650
  • Fireplace Location: Basement, Great Room, Rec Room
  • Foundation: Poured Concrete
  • Kitchen Appliances Feat: Dishwasher, Disposal, Gas Range, Island, Refrigerator
  • Kitchen Cabinets Counters: Granite, Painted Cabinets, Wood Cabinets
  • Level: 3 Story
  • Bathrooms: 4.5
  • Below Grade Bathrooms: 1
  • Number of Main Level Bathrooms: 0.5
  • Number Beds: 5
  • Number Beds Below Grade: 1
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Room 18: Utility Room,16'10x7'6,On Level: Basement
  • Room Types: Bedroom, Breakfast Room, Dining Room, Full Bath, Great Room, Half Bath, Home Theater, Kitchen, Laundry, Master Bedroom, Mud Room, Rec Room, Sauna, Utility Room, Master Bathroom
  • Room Types Level1: Breakfast Room (L1), Dining Room (L1), Great Room (L1), Half Bath (L1), Kitchen (L1), Mud Room (L1)
  • Room Types Level2: Bedroom (L2+), Full Bath (L2+), Laundry (L2+), Master Bedroom (L2+)
  • Room Types Level B: Bedroom (LB), Full Bath (LB), Home Theater (LB), Rec Room (LB), Utility Room (LB)
  • Source of Sq Ft: Public Records

Exterior Features

  • Homebuilder: PIEDMONT BUILDERS
  • Exterior: Fiber Cement
  • Number Of Acres: 0.1
  • Roof: Architectural Style, Metal - Other
  • Structure Deck Porch: Courtyard, Porch - Front, Porch - Side
  • Structure Features: Dual Vanities, Wet Bar, Walk-in Closet
  • Structure Floors: Carpet, Ceramic Tile, Concrete, Hardwood
  • Structure Security: Smoke Detector(s)
  • Structure Window Ceiling: 9' Ceilings, Screens, Vinyl Clad Windows
  • View: Garden View, Mountain View

Garage/Parking

  • Garage: Yes
  • Unfinished Above Grade Garage: 460
  • Garage Features: Auto Door, Detached, Faces Rear
  • Number of Car Spaces: 2
  • Total Above Grade Garage: 460

Utilities

  • Cooling: Central AC
  • Heating: Central Heat, Heat Pump
  • Cable Available: Cable, DSL
  • Sewer/Septic System: Public Sewer
  • Water: Public Water

Condo/Co-op/Association

  • Association Setup Transfer Fee Type: $
  • Association Setup Transfer Fees: 58
  • Association Fee: HOA
  • Association Frequency: Quarterly
  • Association Includes: Area Maint, Master Ins. Policy, Play Area, Prof. Mgmt., Reserve Fund, Snow Removal, Trash Pickup
  • Association Fee: 200

Schools

  • Elementary School: Brownsville
  • Middle School: Henley
  • High School: Western Albemarle

Green Features

  • Green Features: Yes
  • Green Other: Programmable Thermostat

Lot Info

  • Lot Features: Garden Space, Public Road, Sidewalks

Building Info

  • Year Built: 2014

Tax Info

  • Year: 2022
  • Taxes: 4865.24

MLS Schools

  • HighSchool: Western Albemarle
  • Middle School: Henley
  • Elementary School: Brownsville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2022
Closed on
Jul 19, 2022
Sold by
Tyree Christopher D and Tyree Melanie L
Bought by
Smith Chase H and Smith Mekaela K
Seller's Agent
Denise Ramey
LONG & FOSTER - CHARLOTTESVILLE WEST
Buyer's Agent
Greg Kaplan
RE/MAX ADVANTAGE-WAYNESBORO
List Price
$775,000
Sold Price
$775,000
Current Estimated Value
$770,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,046
Avg. Annual Appreciation
-1.00%
Original Mortgage
$620,000
Outstanding Balance
$596,284
Interest Rate
5.78%
Mortgage Type
New Conventional
Estimated Equity
$155,371

Purchase Details

Closed on
Oct 15, 2014
Sold by
Piedmont Neighborhoods Lp
Bought by
Tyree Christopher D and Tyree Melanie L

Purchase Details

Closed on
Jan 13, 2014
Sold by
March Mountain Properties Llc
Bought by
Piedmont Neighborhoods Lp
Source: Public Records

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Smith Chase H $775,000 Old Republic National Title
Tyree Christopher D $430,317 Old Republic National Title
Piedmont Neighborhoods Lp -- Stewart Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Chase H $620,000
Previous Owner Tyree Christopher D $377,860
Previous Owner Detuncq Alison $41,000
Closed Smith Chase H $116,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2022 07/27/22 Sold $775,000 0.0% $277 / Sq Ft
06/20/2022 06/20/22 Pending -- -- --
06/09/2022 06/09/22 For Sale $775,000 -- $277 / Sq Ft
Source: Charlottesville area Association of Realtors®

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
2025 -- $674,800 $167,000 $507,800
2024 -- $644,900 $160,000 $484,900
2023 $5,633 $659,600 $182,500 $477,100
2022 $4,865 $569,700 $180,000 $389,700
2021 $4,264 $499,300 $162,500 $336,800
2020 $4,212 $493,200 $160,000 $333,200
2019 $4,244 $496,900 $145,000 $351,900
2018 $4,361 $524,600 $145,000 $379,600
2017 $4,320 $514,900 $145,000 $369,900
2016 $3,755 $447,500 $145,000 $302,500
2015 $1,717 $419,400 $125,000 $294,400
2014 -- $120,000 $120,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Charlottesville area Association of Realtors®

MLS Number: 631457

Charlottesville area Association of Realtors®

APN: 055E0-13-0B-02000