NOT LISTED FOR SALE

550 Water St E Unit 400 Charlottesville, VA 22902

North Downtown Neighborhood
2 Beds
2.5 Baths
2,040 Sq Ft
$645/mo HOA Fee

Last Sold September 30, 2021

Last sale price $1,200,000 $588 Per Sq Ft

830 Days on Market

Highlights

  • New Construction
  • Panoramic View
  • Great Room
  • Charlottesville High School Rated A-
  • Sitting Area In Primary Bedroom
  • 2-minute walk to Shenandoah National Park Trust

About This Home

As of September 2021

The 550 is an ultra-premium, boutique-scale residential condo building located 1 block off the Downtown Mall. This dramatic, glass & brick structure designed by Formwork & constructed by Martin Horn was awarded the most influential residential construction project of 2018 by the Urban Land Institute. This 2 bed/2.5 bath space on the 4th floor enjoys sweeping views of Charlottesville's vibrant downtown scene & the mountains beyond. Huge windows, an open floor plan, expansive & private covered terrace (427 square feet), secure garage parking & storage unit. There is only 1 other, 1 bedroom unit on the 4th floor.

Last Agent to Sell the Property

Loring Woodriff

LORING WOODRIFF REAL ESTATE ASSOCIATES License #0225058612 Listed on: 05/09/2019

Co-Listed By

Lindsay Milby

LORING WOODRIFF REAL ESTATE ASSOCIATES License #0225191928

Last Buyer's Agent

Joey Conover

NEST REALTY GROUP License #0225209806

NEST REALTY GROUP

Property Details

Home Type

  • Condominium

Year Built

  • Built in 2020 | New Construction

HOA Fees

  • $645 Monthly HOA Fees

Property Views

  • Panoramic
  • Ridge
  • Mountain

Interior Spaces

  • 1-Story Property
  • Ceiling height of 9 feet or more
  • Recessed Lighting
  • Insulated Windows
  • Casement Windows
  • Entrance Foyer
  • Great Room
  • Living Room
  • Dining Room
  • Den
  • Home Security System

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Sitting Area In Primary Bedroom
  • Walk-In Closet
  • Primary bathroom on main floor
  • Double Vanity

Laundry

  • Laundry Room
  • Stacked Washer and Dryer Hookup

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 1 Car Attached Garage
  • Basement Garage
  • Heated Garage
  • Automatic Garage Door Opener

Eco-Friendly Details

  • Green Features

Schools

  • Burnley-Moran Elementary School
  • Walker & Buford Middle School
  • Charlottesville High School

Utilities

  • Forced Air Heating System
  • Heat Pump System
  • Heating System Uses Natural Gas
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 400

Community Details

Overview

  • Association fees include area maint, exterior maint, master ins. policy, prof. mgmt., reserve fund, trash pickup
  • $1,935 HOA Transfer Fee
  • Built by MARTIN HORN
  • The 550 Subdivision

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Year Built

Built in 2020 | New Construction

Lot Details

0

HOA Fees

$645 per month

Listing Details

  • Class: RESIDENTIAL
  • Property Type: Condo
  • Above Grade Finished Sq Ft: 2040
  • Below Grade Total Sq Ft: 41
  • L V T Date: 05/09/2019
  • Nameof Property: The 550
  • New Construction: Yes
  • Parcel Number: 400
  • Price Per Sq Ft: 588.24
  • Property Included: All appliances, light fixtures.
  • Show Bldr Nameto Public: Yes
  • Total Sq Ft: 2231
  • Total Unfinished Sq Ft: 191
  • Type of Construction: On Site Built
  • Zoning: D Downtown Corridor Mixed Use
  • Subdivision: THE 550
  • Comments: Yes
  • Concatenated Rooms1: |Master Bed4|Bedroom4|Full Bath4|Full Bath4|Half Bath4|Foyer4|Kitchen4|Dining Roo4|Great Room4|Laundry4|Den4|
  • Special Features: NewHome
  • Property Sub Type: Condos
  • Stories: 1

Interior Features

  • Unfinished Below Grade Sq Ft: 41
  • Laundry: Stack Unit Hookup
  • Basement Type: Full, Inside Access, Outside Entrance, Unfinished, Walk Out
  • Room 1: Master Bedroom, On Level: 4
  • Room 2: Bedroom, On Level: 4
  • Room 3: Full Bath, On Level: 4
  • Room 4: Full Bath, On Level: 4
  • Room 5: Half Bath, On Level: 4
  • Room 6: Foyer, On Level: 4
  • Room 7: Kitchen, On Level: 4
  • Room 8: Dining Room, On Level: 4
  • Room 9: Great Room, On Level: 4
  • Room 10: Laundry, On Level: 4
  • Room 11: Den, On Level: 4
  • Total Finished Sq Ft: 2040
  • Above Grade Finished Sq Ft: 2040
  • Basement: Yes
  • Foundation: Insulated Concrete Form
  • Kitchen Appliances Feat: Breakfast Bar, Dishwasher, Disposal, Eat-in, Gas Range, Island, Microwave, Recessed Light, Refrigerator
  • Kitchen Cabinets Counters: Solid Surface Counter
  • Level: 1 Story
  • Primary Bathroom Main Level: Yes
  • Master Bedon Main Level: Yes
  • Bathrooms: 2.5
  • Number Beds: 2
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Room Types: Bedroom, Den, Dining Room, Foyer, Full Bath, Great Room, Half Bath, Kitchen, Laundry, Living Room, Master Bedroom
  • Room Types Level2: Bedroom (L2+), Den (L2+), Dining Room (L2+), Foyer (L2+), Full Bath (L2+), Great Room (L2+), Half Bath (L2+), Kitchen (L2+), Laundry (L2+), Living Room (L2+), Master Bedroom (L2+)
  • Source of Sq Ft: Builder

Exterior Features

  • Homebuilder: MARTIN HORN
  • Structure Deck Porch: Deck, Patio - Covered
  • Structure Features: Dual Vanities, MBr Sitting Area, Walk-in Closet
  • Structure Security: Buzz-in Door, Security System, Smoke Detector(s)
  • Structure Window Ceiling: 9' Ceilings, Casement Windows, Insulated Windows, Screens
  • View: Blue Ridge View, Mountain View, Panoramic View, Urban View

Garage/Parking

  • Garage: Yes
  • Below Grade Unfinished Garage: 150
  • Garage Features: Attached, Auto Door, Electricity, Heated, In Basement, Large Vehicle
  • Number of Car Spaces: 1
  • Total Below Grade Garage: 150

Utilities

  • Cooling: Heat Pump
  • Heating: Central Heat, Forced Air, Heat Pump, Natural Gas
  • Cable Available: Cable, DSL, Fiber-Optic
  • Gas: NaturalGas
  • Sewer/Septic System: Public Sewer
  • Water: Public Water

Condo/Co-op/Association

  • Association Setup Transfer Fee Type: $
  • Association Setup Transfer Fees: 1935
  • Association Fee: COA
  • Association Frequency: Monthly
  • Association Includes: Area Maint, Exterior Maint, Master Ins. Policy, Prof. Mgmt., Reserve Fund, Trash Pickup
  • Association Fee: 645

Schools

  • Other School: Village School, Renaissance w/in walking distance

Green Features

  • Green Construction: Rigid Insulation
  • Green Features: Yes

Building Info

  • Year Built: 2020

MLS Schools

  • HighSchool: Charlottesville
  • Middle School: Walker & Buford
  • Elementary School: Burnley-Moran
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2021 09/30/21 Sold $1,200,000 -3.2% $588 / Sq Ft
08/16/2021 08/16/21 Pending -- -- --
05/29/2020 05/29/20 Price Changed $1,240,000 -20.0% $608 / Sq Ft
01/15/2020 01/15/20 Price Changed $1,550,000 -11.4% $760 / Sq Ft
05/09/2019 05/09/19 For Sale $1,750,000 -- $858 / Sq Ft
Source: Charlottesville area Association of Realtors®

Agents Affiliated with this Home

  • Loring Woodriff

    Seller's Agent in 2021

    Loring Woodriff

    LORING WOODRIFF REAL ESTATE ASSOCIATES

    (434) 466-2992

    15 in this area

    149 Total Sales

    Loring Woodriff
    Section Image
  • Lindsay Milby

    Seller Co-Listing Agent in 2021

    Lindsay Milby

    LORING WOODRIFF REAL ESTATE ASSOCIATES

    (434) 962-9148

    21 in this area

    248 Total Sales

    Lindsay Milby
    Section Image
  • Joey Conover

    Buyer's Agent in 2021

    Joey Conover

    NEST REALTY GROUP

    (434) 806-7871

    12 in this area

    65 Total Sales

    Joey Conover
    Section Image
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Map

Source: Charlottesville area Association of Realtors®

MLS Number: 590257

Charlottesville area Association of Realtors®
Virginia Charlottesville County Charlottesville 22902 North Downtown

550 Water St E Unit 400, Charlottesville, VA

Not Listed for Sale

Condos

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