PENDING
$20K PRICE DROP
715 Prospect Ave Charlottesville, VA 22903
Fifeville NeighborhoodEstimated payment $1,525/month
Total Views
3,636
3
Beds
1.5
Baths
1,200
Sq Ft
$200
Price per Sq Ft
Highlights
- Heat Pump System
- Charlottesville High School Rated A-
- 4-minute walk to Forest Hills Park
About This Home
Permanently affordable 3BR/1.5BA renovated duplex offered through the Piedmont Community Land Trust (PCLT). This end-unit is just minutes from Downtown Charlottesville, UVA, and 5th Street Station, offering a rare chance at affordable homeownership in a prime location. A grant awarded to the Land Trust allows for a reduced sales price and deeper affordability. This is a PCLT permanently affordable resale—owner-occupants only; no investors. Updates include new vinyl plank flooring on the main level, refinished hardwood upstairs, fresh paint, modern kitchen with updated appliances, and refreshed bathrooms. Layout includes living, dining, laundry, and half bath on the main level, with three bedrooms and a full bath upstairs. Features central HVAC, off-street parking, and no HOA. Close to transit, parks, and services. Buyers must qualify under 80% AMI. Start by texting the listing agent for an initial call, then register with PCLT, confirm eligibility, get pre-approved with a preferred lender (see photo section), apply for down payment help if needed, tour the home, and submit an offer. Buyer must complete a Land Trust class before closing.
Listing Agent
YES REALTY PARTNERS Brokerage Phone: 434-531-0817 License #0225194856 Listed on: 05/12/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,399
Year Built
- Built in 1979
Home Design
- Property Attached
- Block Foundation
- Stick Built Home
Interior Spaces
- 1,200 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
Schools
- Johnson Elementary School
- Walker & Buford Middle School
- Charlottesville High School
Additional Features
- 3,485 Sq Ft Lot
- Heat Pump System
Community Details
- Orangedale Subdivision
Listing and Financial Details
- Assessor Parcel Number 240135000
Map
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Home Values in the Area
Average Home Value in this Area
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 | $2,442 | $244,800 | $60,000 | $184,800 |
| 2024 | $2,442 | $210,800 | $60,000 | $150,800 |
| 2023 | $1,742 | $177,000 | $45,000 | $132,000 |
| 2022 | $1,636 | $165,900 | $40,000 | $125,900 |
| 2021 | $1,308 | $133,100 | $31,000 | $102,100 |
| 2020 | $1,308 | $133,100 | $31,000 | $102,100 |
| 2019 | $2,590 | $102,800 | $22,400 | $80,400 |
| 2018 | $492 | $99,000 | $22,400 | $76,600 |
| 2017 | $984 | $99,000 | $22,400 | $76,600 |
| 2016 | $922 | $97,000 | $20,400 | $76,600 |
| 2015 | $922 | $97,000 | $20,400 | $76,600 |
| 2014 | $922 | $97,000 | $20,400 | $76,600 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/10/2025 06/10/25 | Pending | -- | -- | -- |
| 05/29/2025 05/29/25 | Price Changed | $240,000 | -7.7% | $200 / Sq Ft |
| 05/12/2025 05/12/25 | For Sale | $260,000 | -16.1% | $217 / Sq Ft |
| 04/28/2025 04/28/25 | Pending | -- | -- | -- |
| 04/15/2025 04/15/25 | For Sale | $310,000 | -- | $258 / Sq Ft |
Source: Charlottesville area Association of Realtors®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $44,800 | -- |
Source: Public Records
Similar Homes in Charlottesville, VA
Source: Charlottesville area Association of Realtors®
MLS Number: 664450
APN: 240-135-000
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