15 days on rocket

Sale Pending

2874 Morgantown Rd, Charlottesville, VA, 22903

$545,000

Home List Price

$6,472*

Closing Credit

3 Bedrooms
2 Full Baths
1,466 SqFt
$372/SqFt
House
Schools Nearby

Location

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2874 Morgantown Rd, Charlottesville$545,000

Buyer Closing Credits

$6,472*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1935
HeatingHeat Pump
CoolingCentral Air, Heat Pump
BasementYes
FireplaceOne, Wood Burning
MLS #652406
Lot Size0.36 Acres
StatusSale Pending

About 2874 Morgantown Rd

Charming cottage in the village of Ivy and just minutes to Charlottesville. Featuring Original hardwood floors throughout most of the home, an updated professionally designed kitchen (2019) with custom maple shaker cabinets, stainless steel refrigerator, quartz countertops, farm sink, and a pantry with roll out shelves. Spacious dining room with access to the covered porch, and a large living room with built-in bookshelves, covered porch access, and a lovely brick wood burning fireplace. Upstairs features two bedrooms with dormers, large walk-in closet, and an updated bath (2024). The exterior offers a wonderful oasis of perennials, annuals, herb garden, garden shed, mature trees and a fenced yard perfect for pets. Enjoy gardening in the raised beds and evening entertaining on the private pea gravel patio. You will feel right at home as soon as you step through the front gate!

Property Details

Property Features

Property Information:

  • Architectural Style: Cottage
  • Year Built: 1935
  • Stories: 1
  • Living Area: 1,466 SqFt

Listing Office:

  • Office Name: CORE REAL ESTATE PARTNERS LLC
  • Listing Agent: MAGGIE HOLLOWAY

Interior Features

Interior Information:

  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Basement: Yes
  • Flooring Type: Ceramic Tile, Hardwood
  • Fireplace: One, Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Lot Features

Lot Information:

  • Lot Size: 0.36 Acres

Utilities

Utilities Information:

  • Heating: Heat Pump
  • Cooling: Central Air, Heat Pump

School Info

Assigned Schools Information:

  • Western Albemarle High School, Public District Grades 9-12
  • Joseph T Henley Middle School, Public District Grades 6-8
  • Virginia L Murray Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Take 250 W from Charlottesville, make a left onto Morgantown Rd, home is 2nd driveway on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $545,000
  • Price Per SqFt: $372/SqFt

Tax Information:

  • Annual Amount: $1,904
  • 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

$562.7K

Med. Price/SqFt

$256

Avg. Days On Market

17

# of Sold Homes

121

2874 Morgantown Rd vs Charlottesville

15 DAYS ON ROCKET

-2 Days

$545,000

-$17.7K Less

$372/SqFt

+$115 More

KEY TAKEAWAY

This property is $17.7K less than the Median Sold Price and $115/SqFt more than other homes in Charlottesville, VA.

Based on homes sold in April 2024

MLS Details

MLS Information:

  • MLS Number: #652406

Listing Office:

  • Office Name: CORE REAL ESTATE PARTNERS LLC
  • Listing Agent: MAGGIE HOLLOWAY

IDX Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.

Copyright © 2024 Charlottesville Area Association of Realtors®. 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: 5/18/2024, 4:20:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 30, 2021Home Sold
$389,000
Mar 28, 2019Home Sold
$289,000
Jun 08, 2015Home Sold
$237,000

Tax History

YEARPROP. TAXASSESSMENT
2021$1,904$233,400
2020$1,904$223,000
2019$1,685$197,400
2018$1,632$194,500
2017$1,607$191,500

History based on county public records data.

Payment Calculator

$2,788

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,700

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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-3028135
8
/10

  • Virginia L Murray Elementary School

  • 3251 Morgantown Rd

  • 0.74 miles

  • Public District Grades PK-5

Middle School

school-card-donut-3028136
5
/10

  • Joseph T Henley Middle School

  • 5880 Rockfish Gap Tpke

  • 5.75 miles

  • Public District Grades 6-8

High School

school-card-donut-3028137
7
/10

  • Western Albemarle High School

  • 5941 Rockfish Gap Tpke

  • 5.77 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 $103,343. Residents of Charlottesville, VA typically earn between $100k-200k each year. Most families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2874 Morgantown Rd

What is the listing price of this property?

The listing price of 2874 Morgantown Rd property is $545,000.

What type of property is this?

The property 2874 Morgantown Rd is a house located in Charlottesville, Virginia, 22903.

Is this property for sale now?

Sale Pending: 2874 Morgantown Rd 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 2874 Morgantown Rd are:
Virginia L Murray Elementary School: GreatSchools Rating 8/10
Joseph T Henley Middle School: GreatSchools Rating 5/10
Western Albemarle High School: GreatSchools Rating 7/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $1,904 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on March 30, 2021 for $389,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 2874 Morgantown Rd has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 2874 Morgantown Rd is 1,466 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2874 Morgantown Rd is 1935.

Rocket Homes›Virginia›Charlottesville›22903›2874 Morgantown Rd

This home is located at 2874 Morgantown Rd in Charlottesville, VA and zip code 22903 in the Ivy neighborhood. This 1,466 square foot home, which was built in 1935, sits on a 0.36 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since May 02, 2024 and is currently priced at $545,000.

In April 2024 more than 68 listings in Charlottesville, VA were sold above the asking price. During the same period more than 25 listings were sold at asking price, while more than 27 were sold below. The number of homes for sale in Charlottesville, VA increased by 5.6% between March 2024 and April 2024. While the average time on the market in April 2024 was 17 days, the median list price was $562,750.

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

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