4 months on rocket

701 N Main St, Culpeper, VA, 22701

$2,750,000

1.72 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeOther
ViewMountain(s)
MLS #VACU2006796
Lot Size1.72 Acres
StatusActive

About 701 N Main St

Initial public offering of one of Culpeper's most iconic sites. The former home of Baby Jim's is now the Main Street gateway to a 4-lot, 1.72 acre canvas offering myriad opportunities for discerning developers. All lots maintain either C3 or R3 zoning and afford the opportunity to immediately develop over 40 units; however, preliminary meetings with the town indicate they would accommodate a request for additional density. This represents an incredible opportunity to develop almost an entire city block and your vision run wild. Condos ... Luxury Apartments ... Townhomes ... Mixed Use? The local market is receptive to virtually any product offering. There is also an intriguing affordable housing play, whereby your acquisition/development costs could be offset by sizeable tax credits. Rarely do opportunities to redevelop a premier Main Street location in downtown Culpeper present themselves. Easy access to all commuter routes, a short walk to historic and award-winning Davis & Main shopping and dining corridor, close proximity to rail service, public utilities on site, as well as, fiber, cable and natural gas. Long overdue, don't miss your opportunity to be at the forefront of redeveloping one of Culpeper's next hot sections ... Nor

Property Details

Property Features

Listing Office:

  • Office Name: Long & Foster Real Estate, Inc.
  • Listing Agent: Philip Thornton

Exterior Features

Exterior Information:

  • View: Mountain(s)

Lot Features

Lot Information:

  • Lot Size: 1.72 Acres

School Info

Assigned Schools Information:

  • Eastern View High School, Public District Grades 9-12
  • Floyd T Binns Middle School, Public District Grades 6-8
  • Pearl Sample Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: From Davis & Main: North on Main Street through stop light (at 522/Evans/Sperryville Pike) to Property on Right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,750,000
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Housing Market Comparison

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

Med. Sold Price

$433.8K

Med. Price/SqFt

$193

Avg. Days On Market

34

# of Sold Homes

45

701 N Main St vs Culpeper

121 DAYS ON ROCKET

+87 Days

$2,750,000

+$2.3M More

KEY TAKEAWAY

This property is $2.3M more than the Median Sold Price in Culpeper, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #VACU2006796

Listing Office:

  • Office Name: Long & Foster Real Estate, Inc.
  • Listing Agent: Philip Thornton

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: 4/29/2024, 3:25:17 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$13.7K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,311

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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-3190262
5
/10
  • Pearl Sample Elementary School

  • 18480 Simms Dr

  • 2.39 miles

  • Public District Grades PK-5

Middle School

school-card-donut-3190263
5
/10
  • Floyd T Binns Middle School

  • 205 E Grandview Ave

  • 0.66 miles

  • Public District Grades 6-8

High School

school-card-donut-3190264
4
/10
  • Eastern View High School

  • 16332 Cyclone Way

  • 2.62 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $31,746. Residents of Culpeper, VA typically earn less than $35k each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 701 N Main St

What is the listing price of this property?

The listing price of 701 N Main St property is $2,750,000.

What type of property is this?

The property 701 N Main St is land located in Culpeper, Virginia, 22701.

Is this property for sale now?

Active Listing: 701 N Main St is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 701 N Main St are:
Pearl Sample Elementary School: GreatSchools Rating 5/10
Floyd T Binns Middle School: GreatSchools Rating 5/10
Eastern View High School: GreatSchools Rating 4/10

How much acreage is this property?

The property 701 N Main St is 1.72 acres.
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Rocket HomesVirginiaCulpeper CountyCulpeper22701701 N Main St

This home is located at 701 N Main St in Culpeper, VA and zip code 22701. This home sits on a 1.72 acre lot. It has been listed on Rocket Homes since December 29, 2023 and is currently priced at $2,750,000.

In March 2024, from all listings sold in Culpeper, VA there were more than 18 sold above asking price, over 13 sold below and more than 14 were sold right at the asked price. The number of homes for sale in Culpeper, VA increased by 7.7% between February 2024 and March 2024. Listings spent 34 days on the market in March 2024, and had a median list price of $433,800 during the same period.

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

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