How will the final month of 2022 turn out? As I write these words, I have not yet begun compiling this list. I do this work manually and it takes a lot of time to go through. In the early days of this publication, I had more time! Now I’m expanding to Fifth District Community Engagement….
Welcome to another anecdotal look at what is happening in the real estate market in Charlottesville. I’m coming up on two years of producing this transaction by transaction account as a way of keeping a close eye on what’s happening within city limits. Up until this point I’ve not automated this process and the goal…
Welcome to another summary list of property transactions in Charlottesville. I have been doing these monthly lists for almost two years as a way of better understanding the city I’ve been documenting for a long while now. I still have a lot to learn. I started this after I wrote a series of article about…
An entity associated with the Jefferson Scholars Foundation has spent $4.3 million to buy six properties near Scott Stadium that had been planned for construction of a 64 unit apartment complex on 1.59 acres. Maury Holdings LLC paid 253.8 percent over the 2022 assessment to buy the properties, five of which are undeveloped. A historic…
This is definitely a much slower month, anecdotally speaking. At some point, I am hoping something will click and I’ll be able to present the data in ways that can more clearly show trends. But that’s not the point of this monthly newsletter on property transactions in the city of Charlottesville. The point is for…
The rewrite of the zoning ordinance is underway with sometimes heated conversations happening all over Charlottesville. This monthly summary of property transactions in the city is my way of checking out what’s happening as the rules of development change. There have been many claims that speak with certainty about what might happen, but I am…
There’s a new owner for a property in Fifeville that contains a former grocery store. Woodard Properties has paid $3.5 million for five properties including 501 Cherry Avenue across from Tonsler Park. The combined properties total 1.361 acres and have a combined 2022 assessment of $1.568 million. They are within the jurisdiction of the city’s Cherry Avenue Small…
This is the 19th month that I’ve written up a summary of property transactions in Charlottesville and shared it with the public as part of my work covering land use issues in the greater community. I hope you’ll find this bit of my research informative and useful. I started this newsletter over two years ago…
For the transactions, go straight to the middle. Let’s start with some backstory about the land use policy changes that are currently underway. This summer, Charlottesville community members are encouraged to participate in the third act of the Cville Plans Together initiative. The city and the consultants have published the Zoning Diagnostic and Approach Report which describes how the…
It has now been seven weeks and two day since the Charlottesville Board of Equalization met on May 17 to hear appeals from property owners of their 2022 real estate tax assessments. Eleven were scheduled but one withdrew. The Board affirmed the property assessments in all ten of the cases that were heard. (read the…