NOT LISTED FOR SALE

703 Hinton Ave Charlottesville, VA 22902

Belmont Neighborhood

Estimated Value: $1,035,483

3 Beds
4.5 Baths
3,616 Sq Ft
$286/Sq Ft Est. Value

Last Sold December 30, 2020

Last sale price $750,000 $207 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $6,283/month

38 Days on Market

Highlights

  • Concrete Block With Brick
  • Central Heating and Cooling System
  • High Speed Internet
  • Charlottesville High School Rated A-

About This Home

As of December 2020

Rare opportunity to purchase this notable Belmont building within a few blocks of downtown Belmont and the historic downtown mall. Currently four separate apts. and first floor retail space. Multiple configurations possible for maximum income potential. Outdoor space to enjoy on both levels. Up to seven off street parking spaces. Retail space on first level could be a grocery, take-out, or business. Opportunity to reinvent a neighborhood treasure. Dating back to 1920, with Gibson's Grocery opening in 1977, this building is synonymous with the neighborhood it calls home.

Last Agent to Sell the Property

Robert Headrick

NEST REALTY GROUP License #0225068474 Listed on: 09/08/2020

NEST REALTY GROUP

Co-Listed By

Grier Murphy

NEST REALTY GROUP License #0225095030

Last Buyer's Agent

Rives Bailey

MONTAGUE, MILLER & CO. - WESTFIELD License #0225149552

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,691

Year Built

  • 1920

Lot Details

  • 4,356 Sq Ft Lot
  • Property is zoned B-2 Commercial

Home Design

  • Concrete Block With Brick

Interior Spaces

  • 3,616 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Central Heating and Cooling System
  • Window Unit Cooling System
  • Heat Pump System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Foreclosure
  • Assessor Parcel Number 580147000

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,691

Year Built

1920

Lot Details

0

Listing Details

  • Class: Residential
  • Property Type: Detached
  • Above Grade Finished Sq Ft: 3616
  • Foreclosure: Yes
  • L V T Date: 09/08/2020
  • Nameof Property: Gibson's Grocery
  • Parcel Number: 580147000
  • Price Per Sq Ft: 207.41
  • Property Included: All appliances in all apartments convey.
  • Total Sq Ft: 3616
  • Type of Construction: On Site Built
  • Zoning: B-2 Commercial
  • Special Features: 20
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1920

Interior Features

  • Total Finished Sq Ft: 3616
  • Above Grade Finished Sq Ft: 3616
  • Foundation: Concrete Block
  • Level: 2 Story
  • Bathrooms: 4.5
  • Number Beds: 3
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Source of Sq Ft: Public Records

Exterior Features

  • Number Of Acres: 0.1

Utilities

  • Cooling: Central Ac, Heat Pump, Window Unit(s)
  • Heating: Central Heat
  • Cable Available: Cable, Dsl, Fiber-Optic
  • Sewer/Septic System: Public Sewer
  • Water: Public Water

Schools

  • Elementary School: Clark
  • Middle School: Walker & Buford
  • High School: Charlottesville

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2020
Closed on
Dec 13, 2020
Sold by
Dixon Sharon D
Bought by
8 Story Commons Llc
Seller's Agent
Robert Headrick
NEST REALTY GROUP
Buyer's Agent
Rives Bailey
MONTAGUE, MILLER & CO. - WESTFIELD
List Price
$765,000
Sold Price
$750,000
Premium/Discount to List
-$15,000
-1.96%
Current Estimated Value
$1,035,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$285,483
Avg. Annual Appreciation
6.64%
Source: Public Records

Range of Values:

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Average Value
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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
8 Story Commons Llc $750,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2020 12/30/20 Sold $750,000 -2.0% $207 / Sq Ft
10/16/2020 10/16/20 Pending -- -- --
09/08/2020 09/08/20 For Sale $765,000 -- $212 / 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 $7,691 $771,600 $263,000 $508,600
2024 $7,691 $783,900 $224,700 $559,200
2023 $7,631 $782,900 $215,200 $567,700
2022 $7,005 $717,700 $162,500 $555,200
2021 $6,735 $696,800 $162,500 $534,300
2020 $4,800 $493,100 $162,500 $330,600
2019 $4,747 $487,600 $162,500 $325,100
2018 $2,303 $472,700 $162,500 $310,200
2017 $4,277 $438,097 $162,500 $275,597
2016 $3,418 $383,300 $112,100 $271,200
2015 $3,418 $383,300 $112,100 $271,200
2014 $3,418 $383,300 $112,100 $271,200
Source: Public Records

Agents Affiliated with this Home

  • Robert Headrick

    Seller's Agent in 2020

    Robert Headrick

    NEST REALTY GROUP

    (434) 242-8501

    11 in this area

    140 Total Sales

    Robert Headrick
    Section Image
  • Grier Murphy

    Seller Co-Listing Agent in 2020

    Grier Murphy

    NEST REALTY GROUP

    (434) 466-5850

    22 in this area

    144 Total Sales

    Grier Murphy
    Section Image
  • Rives Bailey

    Buyer's Agent in 2020

    Rives Bailey

    MONTAGUE, MILLER & CO. - WESTFIELD

    (434) 981-2338

    1 in this area

    29 Total Sales

    Rives Bailey
    Section Image
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Map

Source: Charlottesville area Association of Realtors®

MLS Number: 608208

Charlottesville area Association of Realtors®

APN: 580-147-000

Virginia Charlottesville County Charlottesville 22902 Belmont

703 Hinton Ave, Charlottesville, VA

This home is located at 703 Hinton Ave, Charlottesville, VA 22902 since 08 September 2020 and is currently estimated at $1,035,483, approximately $286 per square foot. This property was built in 1920. 703 Hinton Ave is a home located in Charlottesville City with nearby schools including Summit Elementary School, Buford Middle School, and Charlottesville High School.

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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