1040 Locust Ave Charlottesville, VA ^$ 575,000

1040 Locust Ave

^$ 575,000

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1040 Locust Ave

Charlottesville, VA, 22901

^$ 575,000

Bedrooms4 Baths2.0 Sq 1,950

Monthly Estimate*

^$ 4,017

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Multi-Family Home for sale in Charlottesville, VA for $575,000 with 4 bedrooms and 2 full baths. This 1,950 square foot home was built in 1963 on a lot size of 0.16.

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 each unit. Laundry room and lots of storage in the unfinished basement. Accessed from inside the home. Income producing rental could also be converted back to single family home. Each unit rents for $1400/mo. Lease ends 8/1 for Unit B and 9/1 for Unit A.

Multi-Family Pending

Price

^$ 575,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 5,669

Style

Duplex Side/Side

Lot Size

0.16

Year Built

1963

Town/City

Charlottesville

County/Region

CHARLOTTESVILLE

MLS | Web ID

651391

Features

Interior

Air Conditioning Window Unit(s)

Basement Inside Access Unfinished

Total Number of Units 2

General

Heating Baseboard

Roof Architectural Style

Laundry Y/N Dryer Dryer Hookup Washer Hookup

Water Public Water

Zoning R-3 Multifamily Residential

HOA No

Status Pending Pending

New Construction No

Subdivision LOCUST GROVE VA

Class MULTI-FAMILY

Type Duplex Side/Side

Green Features No

Access Bus on City Route Public Road

Tax Year 2024

AVM Yes

Area Charlottesville

Primary City Charlottesville

Year Built 1963

Virtual Tour https://mls.ricoh360.com/3fd59c25-fd7e-49ac-833d-11c8c1f09753

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

City CHARLOTTESVILLE

Taxes 5669.76

Middle School Walker & Buford

Street Name LOCUST AVE

Legal Description LOTS 86 & 87 LOCUST GROVE

High School Charlottesville

DOM 14

Postal Code 22901

Price Per Sq Ft 294.87

Coming Soon 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 leve

Cable/Internet Available Cable DSL

Exterior

Exterior Brick

Foundation Concrete Block

Sewer/Septic Public Sewer

Lot Size Area 0.16

* Excluded Features

List By

Long & Foster - Charlottesville West

Broker

DeniseRameyRealtor@gmail.com

Affordability Calculator

$4,489

Per Month

Monthly Principal & Interest: $4,017
Monthly Property Taxes: $472
Monthly Home Insurance: --

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Yearly Property Taxes

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 ^$1,303,333

Percent of Sale Price 127%

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.

1336908 Elementary School

1336748 Middle School

Charlottesville High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/5/2024	$575,000		Listed Price

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1040 Locust Ave, Charlottesville, VA, 22901 is a Multi-Family Home for sale at $575,000 with 1,950 sqft and a lot size of 0.16. 1040 Locust Ave has 4 bedrooms, 2.0 baths, and was built in 1963. The property's zip code is 22901 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.

Listing data provided courtesy of the Internet Data Exchange Program of the Harrisonburg-Rockingham Association of REALTORS

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Harrisonburg-Rockingham Association of REALTORS. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistribute. Its sole purpose is to be used for no other purpose than to identify prospective properties consumers may be interested in purchasing. p>

Data is updated as of 5/2/2024.

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