NOT LISTED FOR SALE

550 Grassmere Rd Charlottesville, VA 22903

Southwest Charlottesville Neighborhood

Estimated Value: $1,643,000 - $2,730,491

4 Beds
3.5 Baths
4,223 Sq Ft
$543/Sq Ft Est. Value

Last Sold October 13, 2021

Last sale price $2,150,000 $509 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $13,726/month

12 Days on Market

Highlights

  • Water Views
  • Outdoor Pool
  • 27.79 Acre Lot
  • Virginia L. Murray Elementary School Rated A
  • Sitting Area In Primary Bedroom
  • Fireplace in Primary Bedroom

About This Home

As of October 2021

Historic Grassmere Farm, an enchanting circa 1820 Ivy treasure. Beautiful period details blend seamlessly with extensive modern amenities. Infused with abundant natural light , the home is warm and inviting. Main level features include the primary suite with luxurious bath, living room with built-in cabinetry, vaulted ceiling chefs kitchen & adjoining dining room. The second level offers two generous bedrooms, a reading nook plus a full bath with clawfoot tub. The terrace level boasts a guest suite or recreation room, office, workout room, full bath & laundry room. Living and entertaining spaces extend out to the large covered porch, deck & bluestone terrace. Additional amenities include; Solar, heated saltwater pool, greenhouse with water & electricity, oversized 2 car garage with workshop. Gardens & seeded wildflower meadows surround the house. Over 27 acres! Meander across the 1.5 miles of paths mowed & maintained through the meadows & woodlands. Grassmere Farm has been exceptionally well maintained & improved by the current owners. To be featured in the New York Times real estate section. Improvements & plat are located in the Document section. Century Link is current internet provider. Firefly from CVEC available next year

Last Agent to Sell the Property

Robert Headrick

NEST REALTY GROUP License #0225068474 Listed on: 09/01/2021

NEST REALTY GROUP

Last Buyer's Agent

Roberta Brownfield

BROWNFIELD REALTY ADVISORS INC. License #0225116347

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,061

Year Built

  • Built in 1820

Lot Details

  • 27.79 Acre Lot
  • Partially Fenced Property
  • Secluded Lot
  • Gentle Sloping Lot
  • Cleared Lot
  • Partially Wooded Lot
  • Garden
  • Property is zoned R-1 Residential

Property Views

  • Water
  • Garden

Home Design

  • Poured Concrete
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Vaulted Ceiling
  • Multiple Fireplaces
  • Double Hung Windows
  • Entrance Foyer
  • Family Room
  • Living Room with Fireplace
  • Dining Room
  • Home Office
  • Loft
  • Home Gym
  • Carbon Monoxide Detectors

Kitchen

  • Breakfast Area or Nook
  • Eat-In Kitchen
  • Microwave
  • Dishwasher
  • Kitchen Island

Bedrooms and Bathrooms

  • Sitting Area In Primary Bedroom
  • 4 Bedrooms | 1 Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Primary bathroom on main floor

Laundry

  • Laundry Room
  • Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Windows

Parking

  • 2 Car Detached Garage
  • Front Facing Garage
  • Automatic Garage Door Opener

Eco-Friendly Details

  • Green Features

Outdoor Features

  • Outdoor Pool
  • Storage Shed

Schools

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

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Heating System Uses Propane
  • Well
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • Property has a Home Owners Association
  • Grassmere Subdivision

Listing and Financial Details

  • Assessor Parcel Number 05800-00-00-020B0

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,061

Year Built

Built in 1820

Lot Details

27.79 Acres

Listing Details

  • Class: RESIDENTIAL
  • Property Type: Detached
  • Above Grade Finished Sq Ft: 2156
  • Animal: Chickens, Domestic Pets, Goats, Horses
  • Below Grade Total Sq Ft: 2067
  • Unfinished Above Grade: 144
  • Total Above Grade: 144
  • Dependency Total Sq Ft: 144
  • Design: Farm House
  • Division Rights: Yes
  • L V T Date: 09/01/2021
  • Nameof Property: Grassmere Farm
  • Parcel Number: 05800-00-00-020B0
  • Price Per Sq Ft: 509.12
  • Property Excluded: garden art, planters, outdoor bench do not convey.
  • Property Included: Kitchen appliances and washer/dryer. generator to run water and fridge
  • Total Sq Ft: 4942
  • Total Unfinished Sq Ft: 719
  • Type of Construction: On Site Built
  • Zoning: R-1 Residential
  • Subdivision: GRASSMERE
  • Comments: Yes
  • Concatenated Rooms1: |Foyer1|Living Roo1|Dining Roo1|Kitchen1|Master Bed1|Master BTH1|Half Bath1|Loft2|Bedroom2|Bedroom2|Full Bath2|BedroomB|Full BathB|Exercise RB|Home OfficB|LaundryB|
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Fireplace: Three or More
  • Laundry: Dryer, Dryer Hookup, Washer, Washer Hookup
  • Basement Type: Finished, Heated, Inside Access, Outside Entrance, Partly Finished, Walk Out, Windows
  • Room 1: Foyer, On Level: 1
  • Room 2: Living Room, On Level: 1
  • Room 3: Dining Room, On Level: 1
  • Room 4: Kitchen, On Level: 1
  • Room 5: Master Bedroom, On Level: 1
  • Room 6: Master Bath, On Level: 1
  • Room 7: Half Bath, On Level: 1
  • Room 8: Loft, On Level: 2
  • Room 9: Bedroom, On Level: 2
  • Room 10: Bedroom, On Level: 2
  • Room 11: Full Bath, On Level: 2
  • Room 12: Bedroom, On Level: Basement
  • Room 13: Full Bath, On Level: Basement
  • Room 14: Exercise Room, On Level: Basement
  • Room 15: Home Office, On Level: Basement
  • Room 16: Laundry, On Level: Basement
  • Total Finished Sq Ft: 4223
  • Above Grade Finished Sq Ft: 2156
  • Basement: Yes
  • Below Grade Finished Sq Ft: 2067
  • Fireplace Location: Bedroom, Living Room, Master Bedroom
  • Foundation: Poured Concrete
  • Kitchen Appliances Feat: Breakfast Nook, Dishwasher, Eat-in, Gas Range, Island, Microwave, Pantry, Refrigerator, Vegetable Sink
  • Kitchen Cabinets Counters: Marble Counter, Painted Cabinets, Soapstone Counter, Wood Cabinets, White Cabinets
  • Land Description: Gently Rolling, Partly Cleared, Partly Wooded, Secluded Lot
  • Level: 2 Story
  • Primary Bathroom Main Level: Yes
  • Master Bedon Main Level: Yes
  • Bathrooms: 3.5
  • Below Grade Bathrooms: 1
  • Number of Main Level Bathrooms: 1.5
  • Number Beds: 4
  • Number Beds Below Grade: 1
  • Number Beds Main Level: 1
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Room Types: Bedroom, Dining Room, Exercise Room, Family Room, Foyer, Full Bath, Half Bath, Home Office, Kitchen, Laundry, Living Room, Loft, Master Bedroom, Master Bathroom
  • Room Types Level1: Dining Room (L1), Foyer (L1), Half Bath (L1), Kitchen (L1), Living Room (L1), Master Bedroom (L1)
  • Room Types Level2: Bedroom (L2+), Full Bath (L2+), Loft (L2+)
  • Room Types Level B: Bedroom (LB), Exercise Room (LB), Full Bath (LB), Home Office (LB), Laundry (LB)
  • Source of Sq Ft: Public Records

Exterior Features

  • Exterior: Wood
  • Number Of Acres: 27.79
  • Pool: Yes
  • Pool: Private
  • Roof: Metal - Tin
  • Structure Deck Porch: Patio, Porch, Porch - Rear
  • Structure Features: MBr Sitting Area
  • Structure Security: Carbon Monoxide Detector
  • Structure Window Ceiling: Double-hung Windows, Tilt Sash Windows, Vaulted/Cathedral Ceiling
  • View: Garden View, Pastoral View, Water View, Wooded View
  • Water Property: Stream / Creek

Garage/Parking

  • Garage: Yes
  • Unfinished Above Grade Garage: 575
  • Garage Features: Auto Door, Detached, Electricity, Faces Front, Windows
  • Number of Car Spaces: 2
  • Total Above Grade Garage: 575

Utilities

  • Cooling: Central AC, Heat Pump
  • Heating: Central Heat, Heat Pump, Propane
  • Cable Available: Cable, DSL
  • Sewer/Septic System: Septic Tank
  • Water: Individual Well

Condo/Co-op/Association

  • Association Fee: HOA

Green Features

  • Green Exterior: Solar Panels
  • Green Features: Yes

Lot Info

  • Lot Features: Fenced Part, Garden Space, Private Road, Road Maintenance Agrmt, Storage Shed

Building Info

  • Year Built: 1820

Tax Info

  • Year: 2020
  • Taxes: 8061.4

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2008
Sold by
Shore Melissa
Bought by
Terrell William C and Terrell Kristine E
Current Estimated Value
$2,292,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Outstanding Balance
$513,125
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$1,778,998
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Terrell William C $950,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Terrell William C $750,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2021 10/13/21 Sold $2,150,000 +43.8% $509 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $1,495,000 -- $354 / Sq Ft
Source: Charlottesville area Association of Realtors®

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 $20,032 $2,240,700 $1,177,400 $1,063,300
2024 $19,011 $2,226,100 $1,234,800 $991,300
2023 $18,273 $2,139,700 $900,200 $1,239,500
2022 $17,516 $2,051,000 $900,200 $1,150,800
2021 $8,099 $948,400 $457,200 $491,200
2020 $8,006 $937,500 $457,200 $480,300
2019 $7,882 $923,000 $457,200 $465,800
2018 $6,069 $911,300 $457,200 $454,100
2017 $4,865 $861,000 $416,800 $444,200
2016 $4,493 $535,500 $178,400 $357,100
2015 $2,174 $530,800 $179,900 $350,900
2014 -- $530,000 $179,900 $350,100
Source: Public Records

Agents Affiliated with this Home

  • Robert Headrick

    Seller's Agent in 2021

    Robert Headrick

    NEST REALTY GROUP

    (434) 242-8501

    8 in this area

    143 Total Sales

    Robert Headrick
    Section Image
  • Roberta Brownfield

    Buyer's Agent in 2021

    Roberta Brownfield

    BROWNFIELD REALTY ADVISORS INC.

    (434) 981-2875

    4 in this area

    12 Total Sales

    Roberta Brownfield
    Section Image
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Map

Source: Charlottesville area Association of Realtors®

MLS Number: 621688

Charlottesville area Association of Realtors®

APN: 05800-00-00-020B0

Virginia Albemarle County Charlottesville 22903 Southwest Charlottesville

550 Grassmere Rd, Charlottesville, VA

Not Listed for Sale

Detached

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