$575,000
SOLD FEB 28, 2025

505 Petyward Ln Crozet, VA 22932

2 Beds
2 Baths
1,826 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$315 Per Sq Ft

3% Below List Price

9 Days on Market

Highlights

  • Home Energy Rating Service (HERS) Rated Property
  • Mountain View
  • Great Room
  • Brownsville Elementary School Rated A-
  • Wood Flooring
  • Granite Countertops

About This Home

As of February 2025

Come visit this elegant, energy efficient home, complete with solar panels, located in the tranquil East Village of Old Trail! This is a rare opportunity to acquire a stunning, spacious, single level living home, that has been meticulously maintained. This light filled home offers endless opportunities and flexibility for cooking, dining, working, relaxing and entertaining. The kitchen boasts an abundance of granite counter tops and cabinet space. Enjoy accessible, zero entry from the front and back of the home. There is storage galore with two large walk-in closets, two additional hall closets, and storage space above the garage, with pull down steps for easy access. An over-sized garage provides ample space for bikes, tools, shelving, an extra refrigerator and more, while easily housing two vehicles. This home overlooks an inviting green space, with no traffic passing by your front door. Walk to community restaurants, coffee shop, acac gym, dentist, optometrist and a mercantile shop, all just a few blocks away, in the expanding commercial center. With a community pool, golf course, playground, park and community garden, there is something for everyone. Open House: Sat.1/11 & Sun.1/12, 1-3 pm.

Last Agent to Sell the Property

Maureen Russell

KELLER WILLIAMS ALLIANCE - CHARLOTTESVILLE License #0225225523 Listed on: 01/06/2025

KELLER WILLIAMS ALLIANCE - CHARLOTTESVILLE

Last Buyer's Agent

Unrepresented Buyer

UnrepresentedBuyer

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,349

Year Built

  • Built in 2019

Lot Details

  • 4,356 Sq Ft Lot
  • Landscaped

HOA Fees

  • $102 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Shingle Roof
  • HardiePlank Siding

Interior Spaces

  • 1,826 Sq Ft Home
  • 1-Story Property
  • Ceiling height of 9 feet or more
  • Low Emissivity Windows
  • Vinyl Clad Windows
  • Insulated Windows
  • Double Hung Windows
  • Entrance Foyer
  • Great Room
  • Dining Room
  • Screened Porch
  • Mountain Views

Kitchen

  • Eat-In Kitchen
  • ENERGY STAR Qualified Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Porcelain Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • Bathroom on Main Level
  • 2 Full Bathrooms
  • Primary bathroom on main floor
  • Dual Flush Toilets

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Eco-Friendly Details

  • Green Features
  • Home Energy Rating Service (HERS) Rated Property

Outdoor Features

  • Playground

Schools

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

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 055E0-01-18-01600

Community Details

Overview

  • $50 HOA Transfer Fee
  • Old Trail Subdivision, The Braeburn Floorplan

Recreation

  • Community Playground
  • Trails

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,349

Year Built

Built in 2019

Lot Details

0

HOA Fees

$102 per month

Listing Details

  • Class: RESIDENTIAL
  • Property Type: Attached
  • Model Name: The Braeburn
  • Above Grade Finished Sq Ft: 1826
  • Attached Home: Duplex
  • Design: Arts & Crafts
  • L V T Date: 01/09/2025
  • Parcel Number: 055E0-01-18-01600
  • Price Per Sq Ft: 314.9
  • Property Excluded: Murphy Bed, Sconces in Primary Suite, Washer and Dryer
  • Property Included: Refrigerator, Induction Oven, Dishwasher, Range Hood
  • Total Sq Ft: 2263
  • Total Unfinished Sq Ft: 437
  • Type of Construction: On Site Built
  • Zoning: R-1 Residential
  • Subdivision: OLD TRAIL
  • Comments: Yes
  • Concatenated Rooms1: |Foyer1|Bedroom1|Full Bath1|Great Room1|Kitchen1|Dining Roo1|Laundry1|Pri Bed1|Pri Bath1|
  • Structures Deck Porch: Porch - Front, Porch - Screened
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 1

Interior Features

  • Laundry: Dryer Hookup, Washer Hookup
  • Room 1: Foyer,On Level: 1
  • Room 2: Bedroom,On Level: 1
  • Room 3: Full Bath,On Level: 1
  • Room 4: Great Room,On Level: 1
  • Room 5: Kitchen,On Level: 1
  • Room 6: Dining Room,On Level: 1
  • Room 7: Laundry,On Level: 1
  • Room 8: Primary Bedroom,On Level: 1
  • Room 9: Primary Bath,On Level: 1
  • Total Finished Sq Ft: 1826
  • Above Grade Finished Sq Ft: 1826
  • Foundation: Concrete Slab
  • Kitchen Cabinets Counters: Granite, Maple Cabinets
  • Land Description: Landscaped
  • Level: 1 Story
  • Primary Bathroom Main Level: Yes
  • Master Bedon Main Level: Yes
  • Bathrooms: 2
  • Number of Main Level Bathrooms: 2
  • Number Beds: 2
  • Number Beds Main Level: 2
  • Full Bathrooms: 2
  • Room Types: Bedroom, Dining Room, Foyer, Full Bath, Great Room, Kitchen, Laundry, Primary Bedroom, Primary Bath, Eat-In Kitchen
  • Room Types Level1: Bedroom (L1), Dining Room (L1), Foyer (L1), Full Bath (L1), Great Room (L1), Kitchen (L1), Laundry (L1)
  • Source of Sq Ft: Builder

Exterior Features

  • Exterior: Brick, Hardie Plank
  • Number Of Acres: 0.1
  • Roof: Composition Shingle
  • Structure Floors: Hardwood, Porcelain Tile
  • Structure Security: Carbon Monoxide Detector, Smoke Detector(s)
  • Structure Window Ceiling: 9' Ceilings, Double-hung Windows, Insulated Windows, Low-E Windows, Tilt Sash Windows, Vinyl Clad Windows
  • View: Mountain View, Residential View

Garage/Parking

  • Garage: Yes
  • Unfinished Above Grade Garage: 437
  • Number of Car Spaces: 2
  • Total Above Grade Garage: 437

Utilities

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

Condo/Co-op/Association

  • HOA/COA Amenities: Play Area, Walk/Run Trails
  • Association Setup Transfer Fee Type: $
  • Association Setup Transfer Fees: 50
  • Association Fee: HOA
  • Association Frequency: Quarterly
  • Association Fee: 305

Schools

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

Green Features

  • Green Appliances: ES Qualified Dishwasher, ES Qualified Refrigerator, Heat Pump Water Heater
  • Green Features: Yes
  • Green Interior: Dual-flush toilet(s)
  • Green Other: Carbon Monoxide Detector
  • Green Ratings: HERS Rating

Building Info

  • Year Built: 2019

Tax Info

  • Year: 2024
  • Taxes: 5348.6

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2025
Closed on
Jan 22, 2025
Sold by
Kumar Srinivas N and Kumar Meera S
Bought by
Reistetter Family Trust and Reistetter
Seller's Agent
Maureen Russell
KELLER WILLIAMS ALLIANCE - CHARLOTTESVILLE
Buyer's Agent
Unrepresented Buyer
UnrepresentedBuyer
List Price
$595,000
Sold Price
$575,000
Premium/Discount to List
-$20,000
-3.36%
Total Days on Market
9
Views
19
Current Estimated Value
$584,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,972
Avg. Annual Appreciation
5.35%

Purchase Details

Closed on
Dec 31, 2018
Sold by
Southern Property Llc
Bought by
Kumar Srinivas N and Kumar Meera S

Purchase Details

Closed on
Jun 28, 2018
Sold by
East Village Llc
Bought by
Southern Property Llc and Southern Development Homes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Interest Rate
4.6%
Mortgage Type
Credit Line Revolving
Source: Public Records

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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 Type Sale Price Title Company
Deed $575,000 Stewart Title Guaranty Company
Deed $477,843 Stewart Title Guaranty Compa
Deed $290,000 Old Republic National Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $4,000,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2025 02/28/25 Sold $575,000 -3.4% $315 / Sq Ft
01/15/2025 01/15/25 Pending -- -- --
01/06/2025 01/06/25 For Sale $595,000 -- $326 / 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 $5,952 $665,800 $196,000 $469,800
2024 $5,349 $626,300 $190,000 $436,300
2023 $4,902 $574,000 $160,000 $414,000
2022 $3,861 $452,100 $150,000 $302,100
2021 $3,744 $438,400 $135,000 $303,400
2020 $3,770 $441,500 $127,500 $314,000
2019 $3,799 $444,800 $115,000 $329,800
2018 $1,217 $145,000 $145,000 $0
2017 $1,217 $145,000 $145,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Charlottesville area Association of Realtors®

MLS Number: 659857

Charlottesville area Association of Realtors®

APN: 055E0-01-18-01600