August 2021 property sales in Charlottesville: New owners for La Quinta Inn, residential prices still up
When I launched this particular feature in January, I did so because I wanted to better understand the real estate economy in Charlottesville. I have owned my home for over 13 years now, a time that roughly coincides with the time I have spent taking a close look at local government as it relates to land use, transportation, growth development, and more.
One of the cornerstones of my journalistic philosophy is that I know nothing. Every single time I begin writing a story, I look at every single fact and where I got it from. I want to make sure that what I am putting in writing and sending out under my name is accurate. I try to strip out commentary.
So, this is another in a series of anecdotal accounts of real estate transactions in Charlottesville. It is a result of research I do as I track the Cville Plans Together process. There are big conversations happening about the future of the built environment, and thanks to your support I have been able to stay on top with summaries of these discussions.
My goal in all of this is to provide you with information with context drawn upon all of those years of meetings and interviews and stories. I have dedicated my life to this work and the result is the coverage that you are increasingly coming to depend upon. I cannot thank you enough all for your support but work that much harder with every new subscribe. You get first look at this curated information before it goes out to a wider audience.
This month appears to continue the trend towards purchase prices well above assessments. There are also a few commercial transactions of note. All of the information comes from the city’s Open Data portal as well as other sources cited. Every transaction is unique to a situation between individuals or organizations, and not a single one of the following blurbs is the complete story.
August 2, 2021
- A two bedroom house on Valley View Circle in the Martha Jefferson neighborhood sold for $280,000, which is 2.17 percent below the 2021 assessment. The purchaser is Two Dog LLC, a company registered with an Ivy address.
- A two bedroom house in the 200 block of Meade Avenue built in 1947 sold for $245,000 which is 2.82 percent below the 2021 assessment.
- A two bedroom house in the 1100 block of Altavista Avenue built in 1931 sold for $220,000. That’s 30.33 percent over the 2021 assessment.
- Half of a duplex on Rock Creek Road in Orangedale section of Fifeville sold for $175,000, or 24.91 percent over the 2021 assessment.