NOT LISTED FOR SALE

505 Wellington Place Charlottesville, VA 22903

Southwest Charlottesville Neighborhood

Estimated Value: $1,693,000 - $2,376,000

4 Beds
5 Baths
4,317 Sq Ft
$466/Sq Ft Est. Value

Last Sold March 15, 2021

Last sale price $1,200,000 $278 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $11,925/month

138 Days on Market

Highlights

  • Outdoor Pool
  • Sitting Area In Primary Bedroom
  • Fireplace in Primary Bedroom
  • Virginia L. Murray Elementary School Rated A
  • 2 Acre Lot
  • Wood Burning Stove

About This Home

As of March 2021

This bright, pristine Ednam Forest 4 bdrm offers complete privacy & tranquility adjcnt to endless miles of walking, biking & running trails. Outdoor living spaces abound, from a screen porch overlooking the pool to multiple shaded patios at the house & pool, complete w/ covered entertaining area/ktchn, 1/2 bath. Step inside to appreciate incredible light quality & chic finishes at every turn. Plenty of guest parking adjcnt to garage, 3 fireplaces, fabulous home office w/ 2 built-in desk areas, a rec room that overlooks the pool & opens out to the inviting screen porch. This is NOT a drive-by. You must come up to the house to experience its many, many charms inside & out. Boar's Head Sports Club & Resort amenities are a walk/bike ride away.

Last Agent to Sell the Property

Loring Woodriff

LORING WOODRIFF REAL ESTATE ASSOCIATES License #0225058612 Listed on: 09/16/2020

Last Buyer's Agent

Unrepresented Buyer

UnrepresentedBuyer

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,502

Year Built

  • 1978

Lot Details

  • 2 Acre Lot
  • Cul-De-Sac
  • Landscaped
  • Private Lot
  • Secluded Lot
  • Cleared Lot
  • Partially Wooded Lot
  • Property is zoned R-1 Residential

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Concrete Block With Brick
  • Composition Shingle Roof

Interior Spaces

  • 4,317 Sq Ft Home
  • 1.5-Story Property
  • Wet Bar
  • Skylights
  • Recessed Lighting
  • Multiple Fireplaces
  • Wood Burning Stove
  • Wood Burning Fireplace
  • Entrance Foyer
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Recreation Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Sitting Area In Primary Bedroom
  • Fireplace in Primary Bedroom
  • Walk-In Closet

Laundry

  • Dryer
  • Washer
  • Sink Near Laundry

Parking

  • 2 Car Attached Garage
  • Side Facing Garage
  • Automatic Garage Door Opener

Pool

  • Outdoor Pool

Utilities

  • Central Air
  • Heat Pump System
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • $100 HOA Transfer Fee

Listing and Financial Details

  • Assessor Parcel Number 059D1-02-0F-01600

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,502

Year Built

1978

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Class: Residential
  • Property Type: Detached
  • Above Grade Finished Sq Ft: 4292
  • Above Grade Finished: 25
  • Total Above Grade: 25
  • Dependency Total Sq Ft: 25
  • L V T Date: 09/16/2020
  • Parcel Number: 059D1-02-0F-01600
  • Price Per Sq Ft: 277.97
  • Property Included: Brokers Open Tuesday, 9/22 12 to 2pm. All appliances, window treatments and light fixtures currently in the home
  • Total Sq Ft: 4889
  • Total Unfinished Sq Ft: 572
  • Type of Construction: On Site Built
  • Zoning: R-1 Residential
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1
  • Year Built: 1978

Interior Features

  • Fireplace: Three Or More, Wood Burning
  • Laundry: Dryer, Large Sink, Washer
  • Room 1: Master Bedroom, On Level: 2
  • Room 2: Bedroom, On Level: 2
  • Room 3: Bedroom, On Level: 2
  • Room 4: Bedroom, On Level: 2
  • Room 5: Master Bath, On Level: 2
  • Room 6: Full Bath, On Level: 2
  • Room 7: Full Bath, On Level: 2
  • Room 8: Half Bath, On Level: 1
  • Room 9: Half Bath, On Level: Dependency
  • Room 10: Foyer, On Level: 1
  • Room 11: Living Room, On Level: 1
  • Room 12: Dining Room, On Level: 1
  • Room 13: Kitchen, On Level: 1
  • Room 14: Family Room, On Level: 1
  • Room 15: Home Office, On Level: 1
  • Room 16: Rec Room, On Level: 1
  • Total Finished Sq Ft: 4317
  • Above Grade Finished Sq Ft: 4292
  • Fireplace Location: Family Room, Living Room, Master Bedroom
  • Foundation: Concrete Block
  • Kitchen Appliances Feat: Breakfast Bar, Dishwasher, Disposal, Eat-In, Induction Cooktop, Island, Microwave, Pantry, Recessed Light, Refrigerator, Wall Oven, Wine Cooler
  • Kitchen Cabinets Counters: Painted Cabinets, Solid Surface Counter
  • Land Description: Landscaped, Partly Cleared, Partly Wooded, Private, Secluded Lot
  • Level: 1.5 Story
  • Bathrooms: 4
  • Number of Bathrooms Dependency: 0.5
  • Number of Main Level Bathrooms: 0.5
  • Number Beds: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Room Types: Bedroom, Dining Room, Family Room, Foyer, Full Bath, Half Bath, Home Office, Kitchen, Living Room, Master Bedroom, Rec Room
  • Room Types Level1: Dining Room (L1), Family Room (L1), Foyer (L1), Half Bath (L1), Home Office (L1), Kitchen (L1), Living Room (L1), Rec Room (L1)
  • Room Types Level2: Bedroom (L2+), Full Bath (L2+), Master Bedroom (L2+)

Exterior Features

  • Number Of Acres: 2
  • Pool: Yes
  • Pool: Private
  • Roof: Architectural Style, Composition Shingle
  • Structure Deck Porch: Patio, Porch - Front, Porch - Rear, Porch - Screened
  • Structure Features: Mbr Sitting Area, Renovated, Skylights, Wet Bar, Walk-In Closet
  • Structure Floors: Ceramic Tile, Hardwood, Marble

Garage/Parking

  • Garage: Yes
  • Unfinished Above Grade Garage: 572
  • Garage Features: Attached, Auto Door, Faces Side
  • Number of Car Spaces: 2
  • Total Above Grade Garage: 572

Utilities

  • Cooling: Central Ac, Heat Pump
  • Heating: Electric, Heat Pump
  • Cable Available: Cable, Dsl, Fiber-Optic
  • Sewer/Septic System: Septic Tank
  • Water: Public Water

Condo/Co-op/Association

  • Association Setup Transfer Fee Type: $
  • Association Setup Transfer Fees: 100
  • Association Fee: Hoa
  • Association Frequency: Annual
  • Association Fee: 600

Schools

  • Other School: Saint Anne's-Belfield

Lot Info

  • Lot Features: Cul-De-Sac

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2020
Closed on
Mar 2, 2021
Sold by
Thomas Tresdon and Sobkowiak Susan K
Bought by
Schwartz Robert
Seller's Agent
Loring Woodriff
LORING WOODRIFF REAL ESTATE ASSOCIATES
Buyer's Agent
Unrepresented Buyer
UnrepresentedBuyer
List Price
$1,450,000
Sold Price
$1,200,000
Premium/Discount to List
-$250,000
-17.24%
Current Estimated Value
$2,009,952

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$809,952
Avg. Annual Appreciation
11.55%
Original Mortgage
$780,000
Outstanding Balance
$699,215
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,310,737
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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
Schwartz Robert $1,200,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schwartz Robert $780,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2021 03/15/21 Sold $1,200,000 -7.3% $278 / Sq Ft
02/01/2021 02/01/21 Pending -- -- --
01/27/2021 01/27/21 Price Changed $1,295,000 -10.7% $300 / Sq Ft
09/16/2020 09/16/20 For Sale $1,450,000 -- $336 / 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 $15,502 $1,957,700 $396,000 $1,561,700
2024 -- $1,547,800 $346,500 $1,201,300
2023 $13,236 $1,549,900 $346,500 $1,203,400
2022 $11,156 $1,306,300 $346,500 $959,800
2021 $10,351 $1,212,100 $402,300 $809,800
2020 $9,393 $1,099,900 $371,000 $728,900
2019 $9,898 $1,159,000 $371,000 $788,000
2018 $9,366 $1,141,500 $371,000 $770,500
2017 $9,323 $1,111,200 $371,000 $740,200
2016 $7,917 $943,600 $372,800 $570,800
2015 $4,065 $992,700 $404,300 $588,400
2014 -- $852,200 $367,500 $484,700
Source: Public Records

Agents Affiliated with this Home

  • Loring Woodriff

    Seller's Agent in 2021

    Loring Woodriff

    LORING WOODRIFF REAL ESTATE ASSOCIATES

    (434) 466-2992

    25 in this area

    146 Total Sales

    Loring Woodriff
    Section Image

  • U

    Buyer's Agent in 2021

    Unrepresented Buyer

    UnrepresentedBuyer

    (434) 260-1045

    37 in this area

    1,084 Total Sales

    Unrepresented Buyer
    Section Image
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Map

Source: Charlottesville area Association of Realtors®

MLS Number: 608549

Charlottesville area Association of Realtors®

APN: 059D1-02-0F-01600

Virginia Albemarle County Charlottesville 22903 Southwest Charlottesville

505 Wellington Place, Charlottesville, VA

Not Listed for Sale

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