Transactions of Property in Charlottesville in June 2021

Another month of transactions worth reviewing for anybody interested in land use in the city of Charlottesville. I don’t offer any trends or analysis here, except that most properties continue to sell above the assessed value. There are not any major commercial transactions this month, unless you count where an LLC purchases a residence or two.

I always hope to get these out faster, but it takes time to process. I could likely have a computer automate this to make it easier, but I manually look up each transaction in order to have a better sense of what’s happening with the real estate market. As I continue to write about the Cville Plans Together initiative, I find it very important to document all of these transactions about the here and now.

This piece is made possible through people who have subscribed to Charlottesville Community Engagement as well as those who make a monthly contribution through Patreon. Please do forward this on to others. Thank you helping to support a full year of independent journalism funded almost entirely by readers and listeners. Now, time to get to work on July!

June 1, 2021

  • A home built in 1955 in the 1300 block of Hilltop Road in the Barracks / Rugby neighborhood sold for $1.03 million. That’s actually 22.04 percent below the 2021 assessment. 
  • A two-bedroom home built in 1955 in the 700 block of Lexington Avenue in the Martha Jefferson neighborhood sold for $550,000. That’s 47.45 percent over the 2021 assessment. According to a listing on realtor.com, a new roof was put on in 2020 and a new heat pump was installed this year. The listing also states that it is a “great candidate for expansion, up and out!”
  • A three-bedroom home built in 1956 on Harris Road in the Fry’s Spring neighborhood sold for $452,000, or 37 percent over the 2021 assessment. 
  • Next door is another home built in 1956 that sold for $410,000, or 39.6 percent over the 2021 assessment. 
  • A 996 square foot unit in the Linden Town Lofts sold for $283,000. That’s 14.07 percent over the 2021 assessment of $248,100 and 27.48 percent over the 2020 assessment of $222,000. 

June 2, 2021

  • A three-bedroom home on a 0.34 acre lot in the 2400 block of Brook Road in the Greenbrier neighborhood sold for $459,000. That’s 39.39 percent over the 2021 assessment. The house was built in 1963. 
  • A three-bedroom house built in 1920 in the 800 block of Park Street sold for $508,000, which is 0.53 percent over the 2021 assessment. 
  • A 741-square foot unit in a condominium building on Douglas Avenue in Belmont sold for $259,00. That’s 1.15 percent below the 2021 assessment. The structure was built in 2003. 
  • A two-bedroom, 965-square foot house in the 800 block of Montrose Avenue in Belmont sold for $295,000. That’s 37.47 percent above the 2021 assessment. This house was built in 1911 and is on 0.139 acres 
  • A three-bedroom house in the 1400 block of Leonard Avenue in Belmont sold for $406,000. That’s 28.93 percent over the 2021 assessment. This house was built in 1962. 
  • A three bedroom-house in the 600 block of Hinton Avenue in Belmont sold for $385,000, which is 32.71 percent over the assessment. The structure was built in 1996 and renovated in 2017, according to realtor.com. 
  • A 1927 Tudor-style home in the 1100 block of Rugby Road sold for $625,000 to a company called Copperhead Properties LLC. That’s 14.58 percent below the 2021 assessment. According to realtor.com, this home was marketed as having a terrace apartment. 
  •  A four bedroom house in the 200 block of Huntley Avenue sold for $565,000, which is 19.58 percent over the 2021 assessment. The structure was built in 2016 and is part of a Planned Unit Development rezoning in the Fry’s Spring neighborhood. 
  • A four bedroom house on the western side of Center Avenue in the Fry’s Spring neighborhood sold for $236,000 to a company called Daddy Rabbit Inc. That’s 8.56 percent below the 2021 assessment. 
  • A four bedroom home on Mulberry Avenue sold for $667,272, which is 23.5 percent over the 2021 assessment. The structure was built in 2015. 
  • One half of a duplex in the 700 block of Orangedale Avenue sold for $217,000, which is 60.15 percent over the 2021 assessment. 
  • A 962-square-foot two bedroom home in the 900 block of Henry Avenue sold for $255,000, or 82.8 percent over the 2021 assessment. 
Home on Rugby Avenue

June 3, 2021

  • A new four-bedroom house on Stonehenge Avenue Extended sold for $511,788. The 0.14 acre lot was assessed at $125,000. The home is on land rezoned by City Council as a Planned Unit Development in May 2013. 
  • A new four bedroom house on Bennett Street in the Lochlyn Hill neighborhood sold for $644,247. The lot was assessed in 2021 at $140,000. 
  • An 830 square foot unit in the apartment building at 1800 Jefferson Park Avenue sold for $257,100, or 37.34 percent over the 2021 assessment. 
  • A 1,028 square foot unit in an apartment building at 2420 Arlington Boulevard sold for $230,535. That’s 47.5 percent over the 2021 assessment.  
  • A four bedroom home in the 2200 block of Brandywine Drive sold for $512,000,or 31.32 percent over the 2021 assessment of $389,900. 
  • A 544 square foot unit in the Cedars Court apartment complex sold for $145,000, or 58.47 percent over the 2021 assessment. 
  • A three-bedroom home on Meadowbrook Heights Road just north of the U.S. 250 Bypass at Dairy Road sold for $290,000. That’s 15.18 percent below the 2021 assessment.  
  • A home in the 800 block of Anderson Street in the 10th and Page neighborhood sold for $575,000, which is 75.73 percent over the 2021 assessment of $327,200. 

June 4, 2021

  • A three-bedroom home on Davis Avenue in the Locust Avenue sold for $385,000, or 8.39 percent over the 2021 assessment. 
  • A duplex in the 1900 block of Thomson Drive in the Lewis Mountain neighborhood sold for $830,000. That’s 39.17 percent of the 2021 assessment of $596,400. 
  • A townhouse unit on Brandywine Court in the Greenbrier neighborhood sold for $350,000, which is 1.19 percent below the 2021 assessment.
  • A townhouse unit on Longwood Drive built in 2013 sold for $335,000, or 13.44 percent over the 2021 assessment. 

June 7, 2021

  • Daddy Rabbit Inc purchased another single-family home under the assessed value. This time around is a single family home in the 1400 block of Westwood Road in the Barracks / Rugby neighborhood. The 2021 assessment is $300,100 and the purchase price was $275,000. That’s 8.36 percent below. 
  • A four bedroom home in the 700 block of Locust Avenue that was built in 1920 sold for $815,000. That’s 1.58 percent below the 2021 assessment but at 0.02 percent of the 2020 assessment. 
  • A duplex on Rock Creek Road in the Fry’s Spring neighborhood sold for $395,000. That’s 22.33 percent over the 2021 assessment. 

June 8, 2021

  • A four bedroom home on Baylor Lane in the Ridge Street neighborhood sold for $529,500. That’s 28.02 percent over the 2021 assessment. The structure was  built in 2008 as part of the Carter’s View development. 

June 9, 2021

  • A four bedroom home in the 800 block of Locust Avenue sold for $489,600 or 2.06 percent over the 2021 assessment. 
  • A two bedroom home in the 1500 block of Chesapeake Street built in 1940 sold for $350,000. That’s 16.51 percent over the 2021 assessment.
  • A three bedroom home in the 700 block of Bolling Avenue in the Belmont neighborhood and an empty lot next door sold for $400,000. The house was originally built in 1893 and has a total 2021 assessment of $352,200. The 0.139 acre lot next door is assessed at $105,500. The total sales amount is 12.68 percent below the assessment for both properties. 
  • A four bedroom home in the 300 block of Monte Vista Avenue in the Fry’s Spring neighborhood sold for $469,000, or 10.04 percent over the 2021 assessment. 
  • A three bedroom home on Huntley Avenue in the Fry’s Spring neighborhood association built in 2016 sold for $507,500. That’s 30.46 percent over the 2021 assessment. 
  • A three bedroom house on Leigh Place in the Charlottesville section of Willoughby sold for $395,000, or 16.93 percent over the 2021 assessment. The structure dates back to 1978. 
  • A four bedroom townhouse in the Willoughby Townes complex at the intersection of 5th Street Extended and Harris Street sold for $318,100, or 13.28 percent over the 2021 assessment. 

June 11, 2021

  • A three bedroom house on Peterson Place in the Greenbrier neighborhood sold for $615,000, which is 0.34 percent over the 2021 assessment.
  • A two bedroom house on Broad Avenue in the Fry’s Spring neighborhood sold for $300,000. That’s 17.46 percent over the 2021 assessment. 
  • A three bedroom townhouse unit built in 2011 on Longwood Drive sold for $300,666, or 13.66 percent over the 2021 assessment. The assessment in 2020 was $303,300. 
  • One half of a duplex in the 100 block of Elliott Avenue sold for $537,500, or 6.41 percent over the 2021 assessment. The four-bedroom unit was built in 2016 as part of the Burnet Commons development. 
  • A four bedroom house on Huntley Avenue in the Fry’s Spring neighborhood sold for $580,000. That’s 19.81 percent over the 2021 assessment for the structure built in 2015. 
  • New construction of a four bedroom single-family home on Stonehenge Avenue Extended in Belmont sold for $517,400. The 0.0870 acre lot had a 2021 assessment of $112,500. 

June 14, 2021

  • A four bedroom house on Northwood Avenue in the North Downtown neighborhood sold for $1.749 million, which is 17.52 percent over the 2021 assessment. The structure is on 0.559 acres and was built in 1925. 
  • A four bedroom house on Burnett Street built in 2004 in the first phase of Burnet Commons sold for $500,000, or 24.69 percent over the 2021 assessment. 
  • A four bedroom house on Amherst Commons in the Barracks / Rugby neighborhood sold for $494,000, or 20.78 percent over the 2021 assessment. The house was built in 1999 after the land was rezoned to Planned Unit Development. 

June 15, 2021

  • A six bedroom home built in 1965 in the 1400 block of Grove Road in the Greenbrier neighborhood sold for $910,000. That’s 39.98 percent over the 2021 assessment. 
  • A four bedroom home built in 1959 on Laurel Circle in the Fifeville neighborhood sold for $375,000, or 26.6 percent over the 2021 assessment. 
  • A two bedroom home built in 1925 in the 1000 block of Grove Street in the Fifeville neighborhood sold for $357,000, or 17.94 percent over the assessment. 
  • A three bedroom home built in 1934 on Northwood Avenue in the North Downtown neighborhood sold for $755,000. That’s 20.63 percent over the 2021 assessment.
  • A three bedroom townhouse in the Melbourne Park development sold for $339,800, or 16.93 percent over the 2021 assessment. This community within the Locust Grove neighborhood was built in the mid 2000’s on land zoned R-3. 
  • A four bedroom house on Huntley Avenue in the Fry’s Spring neighborhood sold for $559,000. This structure was built in 2012 on land that City Council zoned for Planned Unit Development. 

June 16, 2021

  • A four bedroom home built in 1961 on Lester Drive in the Greenbrier neighborhood sold for $413,000, or 15.98 percent over the 2021 assessment. 
  • A duplex on Washington Avenue in the Jefferson Park Avenue neighborhood sold for $675,000. That’s 19.91 percent over the 2021 assessment. 
  • A company called Avenue Realty LLC picked up a three bedroom home in the 1600 block of Meridian Street in Belmont for $225,000. That’s 28.25 percent below the assessment. 
  • A company called Bleecker Street Ventures LLC purchased a two bedroom home in the 600 block of Belmont Street for $383,000, which is 84.58 percent over the 2021 assessment. The structure was built in 1920. 
  • A company called FMC Investments LLC purchased a four bedroom house in the 2400 block of Fontaine Avenue for $390,000. The structure was built in 1965 and is in the Jefferson Park Avenue neighborhood. The sales price is 21.88 percent over the 2021 assessment. 

June 17, 2021

  • A four bedroom house on Concord Drive in the Greenbrier neighborhood sold for $550,000, which is 28.24 percent over the 2021 assessment. The structure dates back to 1965 and is on a third of an acre. 
  • A three bedroom house on 2nd Street NE in North Downtown built in 1954 sold for $860,000. That’s 16.14 percent over the 2021 assessment, but 96.48 percent over the 2020 assessment of $437,000. 
  • A three bedroom house on Willard Drive in the Fry’s Spring neighborhood built in 1956 sold for $429,000. That’s 35.85 percent over the 2021 assessment. 
  • A four bedroom house on Druid Avenue built in 1960 sold for $452,500, or 47.92 percent over the 2021 assessment. The structure is on a 0.139 acre lot.

June 21, 2021

  • An 834 square foot unit in the apartment building at 1800 Jefferson Park Avenue sold for $250,000. That’s 25.25 percent over the 2021 assessment. The property last sold in August 2020 for $220,000. 
  • A 634 square foot unit in the Monticello Hotel condominium building sold for $260,000. That’s 3.5 percent over the 2021 assessment of $251,200. This property last sold in February 2020 for $259,900. 
  • A vacant lot on Caroline Avenue sold for $183,000. The property is 0.61 acres and zoned R-1. It is also within the 1 percent floodplain as measured by the Federal Emergency Management Agency. The 2021 assessment for the land is $100,000. 
  • A unit in the Melbourne Park development sold for $329,500, or 19.04 percent  over the 2021 assessment. The townhouse was built in 2006. 
  • A three bedroom house in the Barracks / Rugby neighborhood sold for $450,000. That’s 1.4 percent below the 2021 assessment and 1.26 percent above the 2020 assessment. The structure was built in 1947 and sits on 0.48 acres of property. 
  • A three bedroom house on Olinda Drive in the Fifeville neighborhood sold for $334,500. That is 13.78 percent above the 2021 assessment. 
  • A two bedroom house on Broad Avenue in the Fry’s Spring neighborhood sold for $309,000. That’s 17.85 percent over the 2021 assessment. 

June 22, 2021

  • A company associated with Southern Development called Belmont Station LLC purchased 11.053 acres sold for a future development for $2 million. Southern Development has submitted plans for a rezoning to Planned Unit Development for 170 units. The 2021 assessment for the land is $1,041,700. The last time money changed hands for the property was in 1955 when it sold for $16,500. 
  • One side of a duplex on Riverside Avenue sold for $247,000, which is 24.37 percent over the 2021 assessment. There are three bedrooms in the structure built in 1994. 
  • A three bedroom home in the 900 block of Altavista Avenue in Belmont sold for $450,000. The 2021 assessment does not reflect extensive additions and renovations to the home so that explains why the sales price is 107.66 percent over that assessment. 
  • A 900 square foot unit in the Walker Square complex sold for $260,000, which is 1.72 percent over the 2021 assessment. 
  • A three bedroom house on Hilltop Road in the Barracks / Rugby neighborhood sold for $800,000. That’s 9.78 percent over the 2021 assessment of $728,000. 
Rendering for a previous submission for the 240 Stribling development

June 23, 2021

  • A four bedroom home on Oxford Road in the Barracks / Rugby neighborhood sold for $971,000. That’s 30.81 percent over the 2021 assessment. A new bathroom was added to the 1946 structure in 2018. 
  • A three bedroom home on Mulberry Avenue in Fry’s Spring sold for $415,000. That’s 29.12 percent over the 2021 assessment. 

June 24, 2021

  • A three bedroom home on Camelia Drive in the Fry’s Spring neighborhood sold for $266,970. That’s 6.82 percent below the 2021 assessment. The seller was Habitat for Humanity of Greater Charlottesville, who bought the property in September 2019. 
  • New construction on Stonehenge Avenue Extended in the Belmont Pointe subdivision sold for $437,402. This development was enabled by a rezoning to planned unit development in 2013. The 0.182 acre lot was assessed in 2021 at $131,300. 
  • A three bedroom townhouse unit on Brookwood Drive sold for $345,000. That’s 23.35 percent over the 2021 assessment. This neighborhood was built in 2009 on land in the specific Mcintire/Fifth Street Residential Corridor zoning.

    “The purpose of this district is to encourage redevelopment in the form of medium-density multifamily residential uses, in a manner that will complement nearby commercial uses and be consistent with the function of McIntire Road/Fifth Street Extended as a gateway to the city’s downtown area,” reads the zoning code.
  • A three bedroom house on Shamrock Road in the Johnson Village neighborhood sold for $375,000. That’s 41.67 percent over the 2021 assessment. 
  • A duplex with a total of six bedrooms on Stratford Court in the Fry’s Spring neighborhood sold for $678,000. That’s 43.74 percent over the assessment. The purchaser is a Virginia Beach company called XK Investments. 

June 25, 2021

  • A three bedroom house on Burnet Street in the Ridge Street neighborhood sold for $485,000. That’s 27.46 percent over the 2021 assessment for a structure built in 2004. 
  • A three bedroom house on Holmes Avenue in the Locust Grove neighborhood sold for $410,000. That’s 26.35 percent over the 2021 assessment and 66.6 percent over the 2020 assessment of $246,100. 
  • A company called Route 250 Homes LLC purchases two homes on about half an acre just north of Long Street for $277,400. That’s 29.97 percent below the combined 2021 assessment of $396,100 for the two properties.
  • A single family home that appears to have two units on North Avenue in Locust Grove sold for $325,000. That’s 15.33 percent over the 2021 assessment. 
  • A three bedroom home on Westwood Circle sold for $380,000, or 15.54 percent over the 2021 assessment. The structure was built in 1988 as part of a planned unit development. 
  • A new three bedroom built as part of the Belmont Point subdivision on Stonehenge Avenue Extended sold for $487,930. 
  • A duplex on University Circle in the Venable neighborhood sold for $845,000 which is 0.13 percent over the 2021 assessment to 29 University Circle LLC. 
  • A unit in an apartment building on Arlington Boulevard sold for $210,000. That’s 34.36 percent over assessment for the 1,028 square foot unit. The property is zoned R-2 and sits on 0.218 acres of property. 
This is one of two structures purchases by Route 250 Houses LLC

June 28, 2021

  • A four bedroom unit on Broad Avenue built in 1955 sold for $445,000, which is 66.1 percent over the 2021 assessment. 
  • A two bedroom house in the 1100 block of Cherry Avenue sold for $300,000. The 0.148 acre property was assessed at $263,600 in 2021, making this transaction 9.45 percent over that figure. 
  • A three bedroom unit in the Burnet Commons development sold for $500,000. That’s 32.63 percent for the structure built in 2003 and the 0.114 acres it sits on within a planned unit development. 
  • Two sides of a duplex on Belmont Avenue sold for $300,000 a piece. That’s 1.38 percent below the 2021 assessment. 
  • A three bedroom house on 10th Street NE in the 10th and Page neighborhood sold for $405,000 That’s 10.99 percent over the 2021 assessment. 
  • A 1,243 square foot unit in the Belmont Lofts condominium building on Douglas Avenue sold for $625,000. That’s 52.25 percent over the 2021 assessment. 
Belmont Lofts condominium building on Douglas Avenue 

June 29, 2021

  • A three bedroom unit in the Brookwood neighborhood sold for $320,000, which is 14 percent over the 2021 assessment. The structure was built in 2009. 
  • A four bedroom house built in 1920 in the 600 block of Belmont Avenue sold for $545,000. That’s 64.85 percent over the 2021 assessment. 
  • A three bedroom unit in the Belmont Station community of townhomes sold for $420,000. That’s 10.27 percent over the 2021 assessment for a structure built in 2018 on land zoned B-2. 
  • A four bedroom unit single family home built in 2013 as part of the Sunrise Park redevelopment sold for $217,900. Sunrise Park was developed by Habitat for Humanity of Greater Charlottesville on the site of a former mobile home community on Carlton Avenue. This sale was 3.11 percent below the 2021 assessment. 
  • A 785-square foot, one bedroom unit in the Walker Square complex sold for $250,000, or 6.25 percent over the 2021 assessment. 
  • A four bedroom home in the 2200 block of Brandywine Drive sold for $550,000. That’s 28.09 percent over the 2021 assessment. The property is on 0.418 acres.
  • A three bedroom townhouse in the Belmont Village development on Quarry Road sold for $331,000, or 9.71 percent over the 2021 assessment. The structure was built in 2007. 
  • A four bedroom house on Lochlyn Drive in the Lochlyn Hill neighborhood sold for $720,374. The 0.17 acre lot was assessed in 2021 at $140,000. 
  • A three bedroom unit on Danbury Court in the Ridgecrest townhome community sold for $240,000, which is 17.47 percent over the 2021 assessment. 
  • A four bedroom house built by Habitat for Humanity of Greater Charlottesville this year on Nassau Street on the eastern border with Albemarle County sold for $214,900, or 5.5 percent over the 2021 assessment. 
  • Right next door, a second four bedroom house built by Habitat also sold for $214,900, or 5.5 percent

June 30, 2021

  • A third four bedroom house built by Habitat for Humanity of Greater Charlottesville this year on Nassau Street sold for $214,900, or 5.5 percent over the 2021 assessment. 
  • A two bedroom house in the 1,000 block of Montrose Avenue in Belmont sold to Nappa Properties LLC for $200,000, which is 3.33 percent below the 2021 assessment.
  • A three bedroom house built on Stonehenge Avenue Extended sold for $468,783. The house is new construction and the 0.096 acre lot was assessed in 2021 at $112,500.
  • A three bedroom house on Denice Lane in the Greenbrier neighborhood sold for $516,000. That’s 30.8 percent over the 2021 assessment. 
  • A 909 square foot unit in an apartment building on Wertland Street sold for $185,000, or 14.27 percent over the 2021 assessment. 
  • A four bedroom house on Grace Street in the Locust Grove neighborhood sold for $389,000, or 13.54 percent over the 2021 assessment. 

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