24 days on rocket

Sale Pending

1038 Locust Ave, Charlottesville, VA, 22901

$575,000

Home List Price

$6,828*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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1038 Locust Ave, Charlottesville$575,000

Buyer Closing Credits

$6,828*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1968
HeatingBaseboard
CoolingCentral Air
BasementYes
MLS #651390
Lot Size0.16 Acres
StatusSale Pending
(PENDING)

About 1038 Locust Ave

This brick home in the heart of Charlottesville features side-by-side 2 bedroom one bathroom homes. Each unit features hardwood floors throughout. Living room, dining room and kitchen on the main level with two bedrooms and full bath upstairs. Enjoy the outdoors on the screened porch at the rear of each unit overlooking the flat back yard. Laundry room and lots of storage in the unfinished basement accessed from the exterior of the home. Income producing rental could also be converted back to single family home. Each unit rents for $1300/mo. Lease ends 8/31 for Unit A and 7/25 for Unit B.,Bus on City Route

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1968

Listing Office:

  • Office Name: LONG & FOSTER - CHARLOTTESVILLE WEST
  • Office Phone: (434) 812-2388
  • Listing Agent: DENISE RAMEY TEAM

Interior Features

Interior Information:

  • Appliances: Oven, Electric Range, Refrigerator, Dryer, Washer
  • Basement: Yes
  • Flooring Type: Hardwood

Lot Features

Lot Information:

  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: Central Air

School Info

Assigned Schools Information:

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

Other

Directions Information:

  • Directions: 250 Bypass to Locust Ave Exit. Left on Locust Ave, home is on the Right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $575,000

Tax Information:

  • Annual Amount: $3,825
  • 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

1038 Locust Ave vs Charlottesville

24 DAYS ON ROCKET

-13 Days

$575,000

+$33K More

KEY TAKEAWAY

This property is $33K more than the Median Sold Price in Charlottesville, VA.

Based on homes sold in March 2024

MLS Details

MLS Information:

  • MLS Name: CAAR
  • MLS Number: #651390

Listing Office:

  • Office Name: LONG & FOSTER - CHARLOTTESVILLE WEST
  • Office Phone: (434) 812-2388
  • Listing Agent: DENISE RAMEY TEAM

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, 10:20:28 AM 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$3,825$408,000
2020$3,825$395,000
2019$3,659$377,600
2018$3,150$324,000
2017$2,722$278,900

History based on county public records data.

Payment Calculator

$2,937

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,790

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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-3634347
4
/10

  • Burnley-Moran Elementary School

  • 1300 Long St

  • 0.49 miles

  • Public District Grades PK-4

Middle School

school-card-donut-3634348
2
/10

  • Walker Upper Elementary School

  • 1564 Dairy Rd

  • 1.47 miles

  • Public District Grades 5-6

school-card-donut-3634349
1
/10

  • Buford Middle School

  • 1000 Cherry Ave

  • 2.28 miles

  • Public District Grades 7-8

High School

school-card-donut-3634350
5
/10

  • Charlottesville High School

  • 1400 Melbourne Rd

  • 1.08 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 $66,010. The most common annual income of people living in Charlottesville, VA is between $35k-100k. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Albemarle County›Charlottesville›22901›1038 Locust Ave

This home is located at 1038 Locust Ave in Charlottesville, VA and zip code 22901 in the Locust Grove neighborhood. This home, which was built in 1968, sits on a 0.16 acre lot. It has been listed on Rocket Homes since April 05, 2024 and is currently priced at $575,000.

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. In March 2024 in Charlottesville, VA there were 15.3% more homes for sale than in February 2024. In March 2024, listings were on the market for 37 days. During the same period, the median list price in this real estate market was $542,000.

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

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