NOT LISTED FOR SALE

550 Lochlyn Hill Dr Charlottesville, VA 22901

Locust Grove Neighborhood

Estimated Value: $740,530 - $905,000

4 Beds
3 Baths
2,486 Sq Ft
$333/Sq Ft Est. Value

Last Sold August 06, 2020

Last sale price $560,000 $225 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $4,969/month

253 Days on Market

Highlights

  • New Construction
  • Home Energy Rating Service (HERS) Rated Property
  • Family Room with Fireplace
  • Charlottesville High School Rated A-
  • Pearl Certification
  • Wood Flooring

About This Home

As of August 2020

Lochlyn Hill, a planned, walkable community in the City limits. Complete & ready to occupy, this home by local builder features quality craftsmanship & exceptional energy efficiency. Master suite and 3 bedrooms up plus laundry. Details like finish in place oak floors, heavy trim package, custom built ins, solid doors, ceramic floors and showers, custom kitchen cabinetry, granite & stainless appliances. Energy efficiency through designed HVAC & ductwork, tankless water heater, ERV and more. Pearl Certified. All the right spaces including mud room, large pantry, large closets, open floor plan & rear porch plus detached rear load 2 car garage. Actual photos. HERS 57.

Last Agent to Sell the Property

Greg Slater

NEST REALTY GROUP License #0225202365 Listed on: 10/16/2019

NEST REALTY GROUP

Last Buyer's Agent

Jordan Hague

Equity Saver USA License #0225182466

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,642

Year Built

  • 2019

Lot Details

  • 5,227 Sq Ft Lot
  • Landscaped

HOA Fees

  • $62 Monthly HOA Fees

Home Design

  • Concrete Block With Brick
  • Spray Foam Insulation
  • Composition Shingle Roof
  • Cement Siding
  • Passive Radon Mitigation

Interior Spaces

  • 2,486 Sq Ft Home
  • 2-Story Property
  • Ceiling height of 9 feet or more
  • Recessed Lighting
  • Gas Log Fireplace
  • Sealed Combustion
  • Low Emissivity Windows
  • Vinyl Clad Windows
  • Insulated Windows
  • Mud Room
  • Entrance Foyer
  • Family Room with Fireplace
  • Dining Room
  • Library
  • Drainage System

Kitchen

  • Breakfast Bar
  • Microwave
  • ENERGY STAR Qualified Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • CRI Green Label Plus Certified Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Double Vanity

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 2 Car Detached Garage
  • Automatic Garage Door Opener
  • Driveway

Eco-Friendly Details

  • Pearl Certification
  • Green Features
  • Home Energy Rating Service (HERS) Rated Property
  • No or Low VOC Paint or Finish
  • Fresh Air Ventilation System

Outdoor Features

  • Playground

Utilities

  • Central Heating and Cooling System
  • Ducts Professionally Air-Sealed
  • Air Source Heat Pump
  • Programmable Thermostat
  • Tankless Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 48A039028

Community Details

Overview

  • Association fees include area maint, master ins. policy, prof. mgmt., snow removal, trash pickup
  • $550 HOA Transfer Fee
  • Built by Bramante Homes

Recreation

  • Community Playground
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,642

Year Built

2019

Lot Details

0

HOA Fees

$62 per month

Listing Details

  • Class: Residential
  • Property Type: Detached
  • Above Grade Finished Sq Ft: 2486
  • Electricity: Elec Underground
  • L V T Date: 10/16/2019
  • Nameof Property: WILLOW LAKE
  • New Construction: Yes
  • Parcel Number: 48A039028
  • Price Per Sq Ft: 225.26
  • Property Included: HERS Score 57. Pearl Certification. Energy Recovery Ventilator.
  • Show Bldr Nameto Public: Yes
  • Total Sq Ft: 2970
  • Total Unfinished Sq Ft: 484
  • Type of Construction: On Site Built
  • Zoning: R Residential
  • Special Features: NewHome
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 2019

Interior Features

  • Fireplace: Gas Logs
  • Laundry: Dryer Hookup, Washer Hookup
  • Room 1: Foyer, On Level: 1
  • Room 2: Family Room, On Level: 1
  • Room 3: Dining Room, On Level: 1
  • Room 4: Kitchen, On Level: 1
  • Room 5: Study/Library, On Level: 1
  • Room 6: Full Bath, On Level: 1
  • Room 7: Mud Room, On Level: 1
  • Room 8: Master Bedroom, On Level: 2
  • Room 9: Full Bath, On Level: 2
  • Room 10: Bedroom, On Level: 2
  • Room 11: Bedroom, On Level: 2
  • Room 12: Bedroom, On Level: 2
  • Room 13: Full Bath, On Level: 2
  • Room 14: Laundry, On Level: 2
  • Total Finished Sq Ft: 2486
  • Above Grade Finished Sq Ft: 2486
  • Bathroom: Attach Mstr Bath, Ceramic Tile, Separate Vanities
  • Fireplace Location: Family Room
  • Foundation: Concrete Block
  • Kitchen Appliances Feat: Breakfast Bar, Dishwasher, Disposal, Gas Range, Island, Microwave, Pantry, Recessed Light, Refrigerator
  • Kitchen Cabinets Counters: Granite, Maple Cabinets
  • Level: 2 Story
  • Bathrooms: 3
  • Number of Main Level Bathrooms: 1
  • Number Beds: 4
  • Full Bathrooms: 3
  • Room Types: Bedroom, Dining Room, Family Room, Foyer, Full Bath, Kitchen, Laundry, Master Bedroom, Mud Room, Study/Library
  • Room Types Level1: Bedroom (L1), Dining Room (L1), Family Room (L1), Foyer (L1), Full Bath (L1), Kitchen (L1), Mud Room (L1), Study/Library (L1)
  • Room Types Level2: Bedroom (L2+), Full Bath (L2+), Laundry (L2+), Master Bedroom (L2+)
  • Source of Sq Ft: Builder

Exterior Features

  • Homebuilder: Bramante Homes
  • Exterior: Fiber Cement
  • Number Of Acres: 0.12
  • Roof: Composition Shingle
  • Structure Deck Porch: Porch, Porch - Front, Porch - Rear
  • Structure Features: Walk-In Closet
  • Structure Floors: Carpet, Ceramic Tile, Hardwood
  • Structure Security: Carbon Monoxide Detector, Smoke Detector(s)
  • Structure Window Ceiling: 9' Ceilings, Insulated Windows, Low-E Windows, Screens, Tilt Sash Windows, Vinyl Clad Windows
  • View: Residential View
  • Yard: Landscaped

Garage/Parking

  • Garage: Yes
  • Driveway: Asphalt
  • Unfinished Above Grade Garage: 484
  • Garage Features: Auto Door, Detached, Electricity
  • Number of Car Spaces: 2
  • Total Above Grade Garage: 484

Utilities

  • Cooling: Central Ac
  • Heating: Central Heat
  • Cable Available: Cable, Dsl
  • Gas: Naturalgas
  • Security: Deadbolts
  • 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: 550
  • Association Fee: Hoa
  • Association Frequency: Monthly
  • Association Includes: Area Maint, Master Ins. Policy, Prof. Mgmt., Snow Removal, Trash Pickup
  • Association Fee: 62

Green Features

  • Green Appliances: Energy Star Certified, Es Qualified Dishwasher, Es Qualified Refrigerator, Es Qual Water Heater, Tankless Water Heater
  • Green Construction: Low Voc Paints/Finishes, Spray Foam
  • Green Cooling: Air Source Heat Pump, Ducts Prof. Air-Sealed, Duct Leakage Test Results, Fresh Air Recovery Sys
  • Green Exterior: Cement Siding
  • Green Features: Yes
  • Green Fireplace: Sealed Combustion
  • Green Flooring: Cri Greenlabelplus Carpet
  • Green Foundation: Drainage System, Passive Radon Mitigation
  • Green Heating: Air Source Heat Pump, Ducts Prof. Air-Sealed, Duct Leakage Test Results, Fresh Air Recovery Sys
  • Green Other: Carbon Monoxide Detector, Direct Vent Fans, Hrv/Erv (Recovery Vent), Programmable Thermostat
  • Green Ratings: Blower Door Test On File, Hers Rating, Pearl Certified

Lot Info

  • Lot Features: Public Road

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 28, 2025
Sold by
Olsen Timothy Ryan and Olsen Katherine Delaney
Bought by
Olsen Timothy R and Olsen Katherine D
Current Estimated Value
$826,883

Purchase Details

Listed on
Oct 16, 2019
Closed on
Jul 31, 2020
Sold by
Bramante Hms Inc
Bought by
Olsen Timothy R and Olsen Katherine D
Seller's Agent
Greg Slater
NEST REALTY GROUP
Buyer's Agent
Jordan Hague
Equity Saver USA
List Price
$585,000
Sold Price
$560,000
Premium/Discount to List
-$25,000
-4.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.60%
Original Mortgage
$300,000
Interest Rate
3.1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Olsen Timothy R -- --
Olsen Timothy R $560,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olsen Timothy R $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/06/2020 08/06/20 Sold $560,000 -0.9% $225 / Sq Ft
06/25/2020 06/25/20 Pending -- -- --
06/11/2020 06/11/20 Price Changed $565,000 -1.7% $227 / Sq Ft
05/28/2020 05/28/20 Price Changed $575,000 -1.7% $231 / Sq Ft
10/16/2019 10/16/19 For Sale $585,000 -- $235 / 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 $6,642 $692,100 $190,000 $502,100
2024 $6,642 $625,600 $190,000 $435,600
2023 $5,820 $598,700 $175,000 $423,700
2022 $5,486 $564,000 $160,000 $404,000
2021 $5,305 $550,800 $140,000 $410,800
2020 $1,330 $140,000 $140,000 $0
2019 $1,330 $140,000 $140,000 $0
2018 $665 $140,000 $140,000 $0
2017 $366 $38,500 $38,500 $0
Source: Public Records

Agents Affiliated with this Home

  • Greg Slater

    Seller's Agent in 2020

    Greg Slater

    NEST REALTY GROUP

    (434) 981-6655

    8 in this area

    515 Total Sales

    Greg Slater
    Section Image
  • Jordan Hague

    Buyer's Agent in 2020

    Jordan Hague

    Equity Saver USA

    (434) 964-7283

    3 in this area

    112 Total Sales

    Jordan Hague
    Section Image
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Map

Source: Charlottesville area Association of Realtors®

MLS Number: 596810

Charlottesville area Association of Realtors®

APN: 48A039028

Virginia Charlottesville County Charlottesville 22901 Locust Grove

550 Lochlyn Hill Dr, Charlottesville, VA

Not Listed for Sale

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