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
2020 Built

Sale Details

Date 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
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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 Sq Ft Lot

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in North Downtown, VA

  • Matthias John Real Estate Agent - CORCORAN WILEY-CHARLOTTESVILLE

    Matthias John

    CORCORAN WILEY-CHARLOTTESVILLE

    (434) 443-8900

    63 Total Sales

    2 in North Downtown

    $2,200,000 Price Range

    Matthias John
     Section Image
  • PETE KOOKEN Real Estate Agent - DOGWOOD REALTY GROUP LLC

    PETE KOOKEN

    DOGWOOD REALTY GROUP LLC

    (434) 443-6301

    81 Total Sales

    2 in North Downtown

    $257,500 Price Range

    PETE KOOKEN
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  • Errin Kardos-Searcy Real Estate Agent - STORY HOUSE REAL ESTATE

    Errin Kardos-Searcy

    STORY HOUSE REAL ESTATE

    (434) 443-8846

    171 Total Sales

    3 in North Downtown

    $425K - $1.3M Price Range

    Errin Kardos-Searcy
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  • Amy McLeskey Real Estate Agent - THE NEW HOUSE COMPANY

    Amy McLeskey

    THE NEW HOUSE COMPANY

    (434) 443-8719

    22 Total Sales

    2 in North Downtown

    $260,000 Price Range

    Amy McLeskey
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  • Tom Pace Real Estate Agent - LONG & FOSTER - GLENMORE

    Tom Pace

    LONG & FOSTER - GLENMORE

    (434) 443-5099

    52 Total Sales

    2 in North Downtown

    $632,000 Price Range

    Tom Pace
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  • Susan Cameron Reres Real Estate Agent - HOWARD HANNA ROY WHEELER REALTY CO.- CHARLOTTESVILLE

    Susan Cameron Reres

    HOWARD HANNA ROY WHEELER REALTY CO.- CHARLOTTESVILLE

    (434) 443-5542

    82 Total Sales

    2 in North Downtown

    $1,405,000 Price Range

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Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 Real Estate Agent - LORING WOODRIFF REAL ESTATE ASSOCIATES

    Seller's Agent in 2021

    Loring Woodriff

    LORING WOODRIFF REAL ESTATE ASSOCIATES

    (434) 466-2992

    14 in this area

    136 Total Sales

    Loring Woodriff
    Section Image
  • Lindsay Milby Real Estate Agent - LORING WOODRIFF REAL ESTATE ASSOCIATES

    Seller Co-Listing Agent in 2021

    Lindsay Milby

    LORING WOODRIFF REAL ESTATE ASSOCIATES

    (434) 962-9148

    22 in this area

    247 Total Sales

    Lindsay Milby
    Section Image
  • Joey Conover Real Estate Agent - NEST REALTY GROUP

    Buyer's Agent in 2021

    Joey Conover

    NEST REALTY GROUP

    (434) 806-7871

    10 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

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Charlottesville area Association of Realtors® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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