5 years on rocket

512 Ridge St, Charlottesville, VA, 22902

$1,125,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi
Schools Nearby

Location

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512 Ridge St, Charlottesville$1,125,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Year Built1957
HeatingForced Air, Heat Pump
CoolingHeat Pump
BasementYes
MLS #582158
Lot Size1.00 Acres
StatusActive
(ACTIVE)

About 512 Ridge St

Fantastic Development/Investment Potential currently has existing over/under duplex on Ridge Street and the extra land attached is ideal for future possible construction of new apartments or townhomes. Shown by appointment only, no visits to property without agent knowledge or permission. Access off of city street. Walk to the downtown Charlottesville Mall and only minutes from the University of Virginia. With the new zoning in place in 2024, the development plan should potentially allow for 13 luxury townhomes or about 30 apartments. Architect plans for the homes and the site plan are available upon request.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1957

Listing Office:

  • Office Name: REAL ESTATE III - NORTH
  • Office Phone: (434) 817-9200
  • Listing Agent: TIM CARSON

Interior Features

Interior Information:

  • Basement: Yes

Lot Features

Lot Information:

  • Lot Size: 1.00 Acres

Utilities

Utilities Information:

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

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
  • Clark Elementary School, Public District Grades PK-4

Other

Directions Information:

  • Directions: From Downtown, take McIntire to Ridge, property is on Ridge St on the left between Oak and Elliott. You can view land by going from Ridge Street, to left on Elliott, left on Burnett to end of street and you can see behind the property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,125,000

Tax Information:

  • Annual Amount: $2,188
  • 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

512 Ridge St vs Charlottesville

2036 DAYS ON ROCKET

+2019 Days

$1,125,000

+$562.2K More

KEY TAKEAWAY

This property is $562.2K more than the Median Sold Price in Charlottesville, VA.

Based on homes sold in April 2024

MLS Details

MLS Information:

  • MLS Name: CAAR
  • MLS Number: #582158

Listing Office:

  • Office Name: REAL ESTATE III - NORTH
  • Office Phone: (434) 817-9200
  • Listing Agent: TIM CARSON

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: 5/2/2024, 7:20:17 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$2,188$227,700
2020$2,188$224,200
2019$2,187$224,200
2018$1,994$203,800
2017$1,994$203,800

History based on county public records data.

Payment Calculator

$5,682

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,439

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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-4614611
1
/10

  • Clark Elementary School

  • 1000 Belmont Ave

  • 0.74 miles

  • Public District Grades PK-4

Middle School

school-card-donut-4614612
1
/10

  • Buford Middle School

  • 1000 Cherry Ave

  • 0.55 miles

  • Public District Grades 7-8

school-card-donut-4614613
2
/10

  • Walker Upper Elementary School

  • 1564 Dairy Rd

  • 1.88 miles

  • Public District Grades 5-6

High School

school-card-donut-4614614
5
/10

  • Charlottesville High School

  • 1400 Melbourne Rd

  • 1.89 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 $30,364. Residents of Charlottesville, VA typically earn less than $35k each year. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Virginia›Charlottesville›22902›512 Ridge St

This home is located at 512 Ridge St in Charlottesville, VA and zip code 22902. This home, which was built in 1957, sits on a 1.00 acre lot. It has been listed on Rocket Homes since October 04, 2018 and is currently priced at $1,125,000.

Over 68 listings were sold over their listed price in April 2024 in Charlottesville, VA. In the same period over 27 listings were sold below the listed price and 25 listings were sold for the listed price. The number of listings 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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