NOT LISTED FOR SALE

878 Rio Rd E Charlottesville, VA 22901

Estimated Value: $349,000 - $507,931

4 Beds
2 Baths
1,914 Sq Ft
$227/Sq Ft Est. Value

About This Home

This home is located at 878 Rio Rd E, Charlottesville, VA 22901 and is currently estimated at $434,483, approximately $227 per square foot. 878 Rio Rd E is a home located in Albemarle County with nearby schools including Agnor Elementary School, Jackson P. Burley Middle School, and Albemarle High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 23, 2024
Sold by
Rio Point Llc
Bought by
Rio Point Owner Llc
Current Estimated Value
$434,483

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,459,370
Outstanding Balance
$46,793,899
Interest Rate
6.88%
Mortgage Type
Credit Line Revolving
Estimated Equity
-$46,359,416

Purchase Details

Closed on
Jan 15, 2021
Sold by
Hendley Vanessa Wetsel and Wetsel Helena Ottillia
Bought by
Rio Point Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
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
Rio Point Owner Llc $7,500,000 Old Republic National Title In
Rio Point Llc $7,500,000 Chicago Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rio Point Owner Llc $47,459,370
Source: Public Records

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 $2,445 $273,500 $273,500 $0
2024 -- $430,200 $396,000 $34,200
2023 $3,639 $426,100 $396,000 $30,100
2022 $3,610 $422,700 $396,000 $26,700
2021 $3,106 $363,700 $297,000 $66,700
2020 $3,090 $361,800 $297,000 $64,800
2019 $3,121 $365,400 $348,500 $16,900
2018 $3,514 $417,300 $400,800 $16,500
2017 $3,526 $420,300 $400,800 $19,500
2016 $3,363 $400,800 $400,800 $0
2015 $3,283 $400,800 $400,800 $0
2014 -- $400,800 $400,800 $0
Source: Public Records

Map

Virginia Albemarle County Charlottesville 22901

878 Rio Rd E, Charlottesville, VA

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