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

512 Ridge St

^$ 1,125,000

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512 Ridge St

Charlottesville, VA, 22902

^$ 1,125,000

Bedrooms4 Baths2.0 Sq 1,511

Monthly Estimate*

^$ 7,858

512 Ridge St, Charlottesville, VA 22902 - Image 1

512 Ridge St, Charlottesville, VA 22902 - Image 2

512 Ridge St, Charlottesville, VA 22902 - Image 3

512 Ridge St, Charlottesville, VA 22902 - Image 4

512 Ridge St, Charlottesville, VA 22902 - Image 5

512 Ridge St, Charlottesville, VA 22902 - Image 6

512 Ridge St, Charlottesville, VA 22902 - Image 7

512 Ridge St, Charlottesville, VA 22902 - Image 8

512 Ridge St, Charlottesville, VA 22902 - Image 9

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Multi-Family Home for sale in Charlottesville, VA for $1,125,000 with 4 bedrooms and 2 full baths. This 1,511 square foot 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

Full Bath

Property Type

Multi-Family

Taxes

^$ 7,000

Style

Duplex Over/Under

Lot Size

Year Built

1957

Town/City

Charlottesville

County/Region

CHARLOTTESVILLE

MLS | Web ID

582158

Features

Interior

Air Conditioning Heat Pump

Basement Heated Partly Finished Walk Out Windows

Total Number of Units 2

General

Heating Forced Air Heat Pump Natural Gas

Roof Composition Shingle

Water Public Water

Zoning R-2 Two Family Residential

HOA No

Status Active Active

New Construction No

Subdivision NONE VA

Class MULTI-FAMILY

Type Duplex Over/Under

Green Features No

Access Public Road

Tax Year 2018

AVM Yes

Area Charlottesville

Primary City Charlottesville

Year Built 1957

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

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

Taxes 7000

Middle School Walker & Buford

Street Name RIDGE ST

Legal Description Parcel ID #290274000 - LOT 1

High School Charlottesville

DOM 1984

Postal Code 22902

Price Per Sq Ft 744.54

Coming Soon 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 townhome

Cable/Internet Available Cable DSL

Exterior

Foundation Concrete Block

Sewer/Septic Public Sewer

Lot Size Area 1

* 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.

1336999 Elementary School

1336748 Middle School

Charlottesville High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
4/9/2024	$1,125,000		Listed Price

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512 Ridge St, Charlottesville, VA, 22902 is a Multi-Family Home for sale at $1,125,000 with 1,511 sqft and a lot size of 1. 512 Ridge St has 4 bedrooms, 2.0 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.

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 5/12/2024.

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