128 Summit Street
Charlottesville, VA 22903
- 2 beds
- 1 bath
- 675 sqft
- ~1/2 acre lot
- $444 per sqft
- 1946 build
- – on site
This property to be sold via simulcast auction by Double A Auction & Realty VAAL #1011 on January 23, 2023 at 11AM. Listing price is opening bid. No pre-auction offers. Terms are 10% buyer's premium; $10,000 due on day of sale from high bidder, and balance due in 45 days. Sale subject to seller confirmation. Potential bidders can schedule appointment for viewing or inspections prior to sale day. Buyer's to register at auctioneer's website. Unlock the potential of this prime Charlottesville property! The offering is for two tax parcels at 128-130 Summit Street presenting an exceptional redevelopment opportunity in a sought-after location, ideal for multifamily development or other creative uses. Property Highlights: Strategic Location: Situated in a desirable Charlottesville neighborhood, this property offers convenient access to the University of Virginia, downtown amenities, and major transportation routes. Development Potential: Zoned for potential multifamily use, this property offers a blank canvas for investors and developers to create a lucrative residential project. Spacious Lot: The generous lot size provides ample space for a variety of development concepts, including townhomes, apartments, or a mixed-use project. Value-Add Opportunity: Bring your vision and expertise to transform this property into a thriving asset in the Charlottesville real estate market. Ideal for: Developers seeking a prime location for a multifamily project Investors looking for a value-add opportunity in a growing market Builders eager to create high-quality housing in a desirable area Don't miss this chance to capitalize on a prime redevelopment opportunity in Charlottesville!
Last checked:
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Last updated Jan 13, 2025
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MLS# 2500161 —
This home is listed in more than one place. See it here.
The Building
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Year Built:1946
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Year Built Details:Actual
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New Construction:false
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Construction Materials:Block
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Architectural Style:Bungalow,Cottage
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Roof:Shingle
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Stories Total:1
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Stories:1
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Levels:One
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Basement:false
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Building Area Source:Assessor
Interior
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Rooms Total:4
Room Dimensions
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Living Area:675.0
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Living Area Source:Assessor
Financial & Terms
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Possession:CloseOfEscrow
The Property
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Parcel Number:17A-002-000; 17A-001-000
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Property Type:Residential
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Property Subtype:SingleFamilyResidence
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Property Subtype Additional:SingleFamilyResidence
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Property Condition:Resale
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Property Attached:false
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Lot Size Acres:0.598
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Lot Size Area:0.598
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Lot Size Units:Acres
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Zoning Description:R-2U
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Waterfront:false
Listing Agent
- Contact info:
- Agent phone:
- (434) 294-6093
- Office phone:
- (434) 294-6093
Taxes
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Tax Year:2024
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Tax Annual Amount:1.0
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Tax Assessed Value:379700
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Tax Legal Description:LOT 58 MAURY HILLS
Beds
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Bedrooms Total:2
Baths
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Total Baths:1
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Full Baths:1
Heating & Cooling
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Cooling:Electric
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Cooling:true
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Heating:Electric
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Heating:true
Utilities
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Sewer:SepticTank
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Water Source:Public
Schools
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Elementary School:Venable
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Middle Or Junior School:Burley
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High School:Charlottesville
The Community
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Subdivision Name:None
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Pool Features:None
Parking
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Garage:false
Monthly cost estimate
Asking price
$300,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,606
|
| Taxes | N/A |
| Insurance | $82 |
| Utilities | $153 See report |
| Total | $1,841/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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1/2/25
Jan 2, 2025
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Listed / Active | CVRMLS | $300,000 |
