12 days on rocket

Sale Pending

1016 Cherry Ave, Charlottesville, VA, 22903

$595,000

Home List Price

$7,066*

Closing Credit

4 Bedrooms
3 Full Baths
3,017 SqFt
$197/SqFt
House
Schools Nearby

Location

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1016 Cherry Ave, Charlottesville$595,000

Buyer Closing Credits

$7,066*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1946
HeatingCentral
CoolingOther, Central Air
BasementYes
MLS #651839
Lot Size0.16 Acres
StatusSale Pending
(PENDING)

About 1016 Cherry Ave

Welcome to 1016 Cherry Avenue, an incredible renovation of the sweetest 1940's cottage within easy walking distance of UVA Hospital! The home's main level boasts living room and dining room rich in character, along with a fantastic new gourmet kitchen, and access to large back deck overlooking the fenced backyard. Two bedrooms and a charming full bath complete this level. Upstairs features a large primary suite and incredible owner's suite bathroom with double vanities, soaking tub, and luxurious oversized shower. The walk-out basement has been completely refinished with den, fourth bedroom, another full bath, and kitchenette, making for the perfect guest quarters or rental possibility. Convenient to everything UVA, 5 minutes to 5th St Station/I-64 and less than one mile to Downtown Charlottesville.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1946
  • Stories: 1
  • Living Area: 3,017 SqFt

Listing Office:

  • Office Name: NEST REALTY GROUP
  • Office Phone: (434) 566-0121
  • Listing Agent: GEORGIA LINDSEY

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Other, Central Air

School Info

Assigned Schools Information:

  • Charlottesville High School, Public District Grades 9-12
  • Buford Middle School, Public District Grades 7-8
  • Walker Upper Elementary School, Public District Grades 5-6
  • Johnson Elementary School, Public District Grades PK-4

Other

Directions Information:

  • Directions: From I64 5th Street exit, travel 1.6 miles to left on Cherry Ave. #1016 is 0.6 miles on left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $595,000
  • Price Per SqFt: $197/SqFt

Tax Information:

  • Annual Amount: $2,145
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Charlottesville, VA.

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Charlottesville, VA

City

Med. Sold Price

$542K

Med. Price/SqFt

$274

Avg. Days On Market

37

# of Sold Homes

101

1016 Cherry Ave vs Charlottesville

12 DAYS ON ROCKET

-25 Days

$595,000

+$53K More

$197/SqFt

-$78 Less

KEY TAKEAWAY

This property is $53K more than the Median Sold Price and $78/SqFt less than other homes in Charlottesville, VA.

Based on homes sold in March 2024

MLS Details

MLS Information:

  • MLS Name: CAAR
  • MLS Number: #651839

Listing Office:

  • Office Name: NEST REALTY GROUP
  • Office Phone: (434) 566-0121
  • Listing Agent: GEORGIA LINDSEY

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2024 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/30/2024, 9:25:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,145$245,500
2020$2,145$219,700
2019$1,962$200,500
2018$1,801$183,500
2017$1,777$181,000

History based on county public records data.

Payment Calculator

$3,037

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,850

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3928938
3
/10

  • Johnson Elementary School

  • 1645 Cherry Ave

  • 0.60 miles

  • Public District Grades PK-4

Middle School

school-card-donut-3928939
1
/10

  • Buford Middle School

  • 1000 Cherry Ave

  • 0.11 miles

  • Public District Grades 7-8

school-card-donut-3928940
2
/10

  • Walker Upper Elementary School

  • 1564 Dairy Rd

  • 1.94 miles

  • Public District Grades 5-6

High School

school-card-donut-3928941
5
/10

  • Charlottesville High School

  • 1400 Melbourne Rd

  • 2.08 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,215. The majority of Charlottesville, VA residents have income between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1016 Cherry Ave

What is the listing price of this property?

The listing price of 1016 Cherry Ave property is $595,000.

What type of property is this?

The property 1016 Cherry Ave is a house located in Charlottesville, Virginia, 22903.

Is this property for sale now?

Sale Pending: 1016 Cherry Ave is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.

What are the assigned schools for this property?

The assigned schools for 1016 Cherry Ave are:
Johnson Elementary School: GreatSchools Rating 3/10
Buford Middle School: GreatSchools Rating 1/10
Walker Upper Elementary School: GreatSchools Rating 2/10
Charlottesville High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,145 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1016 Cherry Ave has 4 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 1016 Cherry Ave is 3,017 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1016 Cherry Ave is 1946.

Rocket Homes›Virginia›Charlottesville›22903›1016 Cherry Ave

This home is located at 1016 Cherry Ave in Charlottesville, VA and zip code 22903 in the Fifeville neighborhood. This 3,017 square foot home, which was built in 1946, sits on a 0.16 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 18, 2024 and is currently priced at $595,000.

While more than 42 listings in Charlottesville, VA in March 2024 were sold above asking price, there were more than 23 listings sold at asking price, and more than 34 were sold below. The number of homes for sale in Charlottesville, VA increased by 15.3% between February 2024 and March 2024. While the average time on the market in March 2024 was 37 days, the median list price was $542,000.

From Rocket Homes Real Estate and based on county public records data.

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