Seller's Agent in 2020
AMY HUGHES
AVENUE REALTY, LLC
(540) 836-0540
1 in this area
87 Total Sales
524 Valley Rd Charlottesville, VA 22903
Jefferson Park Avenue NeighborhoodEstimated Value: $686,000 - $765,940
9
Beds
4
Baths
2,527
Sq Ft
$286/Sq Ft
Est. Value
Highlights
- Second Kitchen
- Wood Burning Stove
- Wood Flooring
- Charlottesville High School Rated A-
- Multiple Fireplaces
- Brick Exterior Construction
About This Home
As of September 2020Solid ROI and convenient location! This 9 bedroom, 4 bathroom Valley Road investment property is ideally located adjacent to UVA, the hospital, and the South Lawn extension, which is at the end of the street. The property is within walking and biking distance of the campus and downtown. This property is a rare offering, zoned R-1SUH, with consistent rental income. Currently a student rental with potential to convert to a single-family residence, if desired. Showings are by appointment only.
Last Agent to Sell the Property
AVENUE REALTY, LLC License #0225235447 Listed on: 03/07/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,032
Year Built
- 1940
Lot Details
- 7,841 Sq Ft Lot
- Open Lot
- Gentle Sloping Lot
- Property is zoned R-1SU (University Small Lot ) Residential
Home Design
- Brick Exterior Construction
- Poured Concrete
- Vinyl Siding
Interior Spaces
- 1.5-Story Property
- Multiple Fireplaces
- Wood Burning Stove
- Wood Burning Fireplace
- Living Room with Fireplace
- Stacked Washer and Dryer Hookup
Kitchen
- Second Kitchen
- Electric Range
Flooring
- Wood
- Carpet
- Laminate
- Vinyl
Bedrooms and Bathrooms
- 4 Full Bathrooms
Finished Basement
- Walk-Out Basement
- Basement Windows
Outdoor Features
- Storage Shed
Utilities
- Hot Water Heating System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 110072000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 7, 2020
Closed on
Aug 24, 2020
Sold by
Ward Benjamin T
Bought by
Shi Feng and Wu Yihan
Seller's Agent
AMY HUGHES
AVENUE REALTY, LLC
Buyer's Agent
SOPHIE LIN
LONG & FOSTER - CHARLOTTESVILLE
List Price
$650,000
Sold Price
$575,000
Premium/Discount to List
-$75,000
-11.54%
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
$146,485
Avg. Annual Appreciation
5.14%
Original Mortgage
$431,250
Outstanding Balance
$384,440
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$352,737
Purchase Details
Closed on
Jul 1, 2017
Sold by
Marrs Carin A and Marrs Jeffrey
Bought by
Ward Benjamin T and Ward Senem K
Purchase Details
Closed on
Sep 29, 2005
Bought by
Ward Richard N and Ward Carol A
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 |
|---|---|---|---|
| Shi Feng | $575,000 | -- | |
| Ward Benjamin T | $331,600 | Attorney Only | |
| Ward Richard N | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Shi Feng | $431,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/11/2020 09/11/20 | Sold | $575,000 | 0.0% | $228 / Sq Ft |
| 06/07/2020 06/07/20 | Pending | -- | -- | -- |
| 05/04/2020 05/04/20 | Price Changed | $575,000 | -11.5% | $228 / Sq Ft |
| 03/07/2020 03/07/20 | For Sale | $650,000 | -- | $257 / 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 | $7,032 | $708,700 | $185,000 | $523,700 |
| 2024 | $7,032 | $644,000 | $160,000 | $484,000 |
| 2023 | $6,208 | $637,700 | $158,000 | $479,700 |
| 2022 | $5,557 | $569,900 | $150,000 | $419,900 |
| 2021 | $5,367 | $555,900 | $117,000 | $438,900 |
| 2020 | $4,428 | $457,000 | $106,400 | $350,600 |
| 2019 | $4,320 | $445,600 | $101,900 | $343,700 |
| 2018 | $1,843 | $379,000 | $92,600 | $286,400 |
| 2017 | $3,237 | $331,600 | $71,200 | $260,400 |
| 2016 | $3,016 | $317,500 | $64,700 | $252,800 |
| 2015 | $3,016 | $317,500 | $64,700 | $252,800 |
| 2014 | $3,016 | $317,500 | $64,700 | $252,800 |
Source: Public Records
Agents Affiliated with this Home
-
AMY HUGHES
-
Joseph Porterfield
Seller Co-Listing Agent in 2020
Joseph Porterfield
AVENUE REALTY, LLC
(434) 906-1616
7 in this area
40 Total Sales
-
SOPHIE LIN
Buyer's Agent in 2020
SOPHIE LIN
LONG & FOSTER - CHARLOTTESVILLE
(434) 327-9573
4 in this area
69 Total Sales
Map
Source: Charlottesville area Association of Realtors®
MLS Number: 601109
APN: 110-072-000
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