512 Ridge St Street Charlottesville, VA ^$ 1,125,000

512 Ridge St Street

^$ 1,125,000

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512 Ridge St Street

Charlottesville, VA, 22902

^$ 1,125,000

Studio Baths0.0

Monthly Estimate*

^$ 7,858

512 Ridge St Street, Charlottesville, VA 22902 - Image 1

512 Ridge St Street, Charlottesville, VA 22902 - Image 2

512 Ridge St Street, Charlottesville, VA 22902 - Image 3

512 Ridge St Street, Charlottesville, VA 22902 - Image 4

512 Ridge St Street, Charlottesville, VA 22902 - Image 5

512 Ridge St Street, Charlottesville, VA 22902 - Image 6

512 Ridge St Street, Charlottesville, VA 22902 - Image 7

512 Ridge St Street, Charlottesville, VA 22902 - Image 8

512 Ridge St Street, Charlottesville, VA 22902 - Image 9

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Studio

Multi-Family Home for sale in Charlottesville, VA

for $1,125,000. This home was built in 1957 on a lot size of 1.

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.

Multi-Family Active

Price

^$ 1,125,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 7,000

Style

Lot Size

Year Built

1957

Town/City

Charlottesville

County/Region

Charlottesville City

MLS | Web ID

582158

Features

Interior

Heating Fuel Natural Gas

Basement Heated Partially Finished Walkout Level Windows

Basement (Y/N) Y

Heating Y/N Y

Fireplace Y/N N

Street Suffix STREET

Central Air Y/N N

General

Sewer Public Sewer

Heating Forced Air Heat Pump(s)

Cooling Heat Pump(s)

Roof Composite

Zoning R-2

Architectural Style Other

Year Built 1957

Property SubType Duplex

Tax Year 2018

Percent Ownership Other

Gross Income 1565.00

Accessibility None

County CHARLOTTESVILLE CITY

New Construction N

Property Type Multi-Family

Subdivision Name NONE AVAILABLE

Garage Y/N N

Status ACTIVE

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

City CHARLOTTESVILLE

Buyer Agent Compensation 2

Disclosures Exempt - Disclosure/Disclaimer

Zoning Description Two Family Residential

Total Units 2

Street Name RIDGE ST

Tax Annual Amount 7000.0

Structure Type Twin/Semi-Detached

Price Per Sq Ft 744.54

Construction Completed Y/N N

Historic Y/N N

Vacation Rental Y/N N

Virtual Tour https://www.corelistingmachine.com/home2/4ZB423

Days on Market 1976

Standard Status Active

Year Built Source Estimated

Buyer Agent Compensation Type % Of Base

Exterior

Water Source Public

Foundation Details Block

Water View Y/N N

Lot Size Acres 1.00

Road Responsibility Public

Water Oriented Y/N N

Internal Only

Street Number 1 512

* Excluded Features

List By

Real Estate Iii - North

Broker

timcarson@timcarson.com

Affordability Calculator

$8,442

Per Month

Monthly Principal & Interest: $7,858
Monthly Property Taxes: $583
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Charlottesville, VA

Average List Price ^$1,210,000

Percent of Sale Price 8%

About Charlottesville, VA

48,796 Population

8% Since 2002

^$55,740 Median Income

31.57 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4651542 Elementary School

4651009 Middle School

Charlottesville High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
2/2/2023	$1,125,000		Listed Price

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512 Ridge St Street, Charlottesville, VA, 22902 is a Multi-Family Home for sale at $1,125,000 with a lot size of 1. 512 Ridge St Street is a studio with 0.0 baths and was built in 1957. The property's zip code is 22902 which is in Charlottesville, VA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

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512 Ridge St Street

Multi-Family Home for sale in Charlottesville, VA

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