128 Summit Street
Charlottesville, VA 22903
- 2 beds
- 1 bath
- 675 sqft
- ~1/2 acre lot
- $333 per sqft
- 1946 build
This property to be sold via simulcast auction by Double A Auction & Realty VAAL #1011 on April 24, 2025 at 11AM. Listing price is opening bid. No pre-auction offers. Terms are 10% buyer's premium; $5,000 NON REFUNDABLE due on day of sale from high bidder, and balance due in 45 days. Financing ok but NO CONTINGENCIES. Sale subject to seller confirmation. Potential bidders can schedule appointment for viewing or inspections prior to sale day. Buyers to register at auctioneer's website. Property to be sold as is. 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 Apr 7, 2025
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MLS# VACO2000152 —
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 Source:Estimated
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Roof:Shingle
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New Construction:No
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Construction Materials:Block
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Building Levels:1
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Structure Type:Detached
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Architectural Style:Bungalow, Cottage
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Levels:1
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Accessibility Features:None
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Foundation Details:Crawl Space
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Basement:No
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Total SqFt Source:Estimated
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Above Grade Finished Area Units:Square Feet
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Above Grade Finished SqFt:675
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Above Grade Finished SqFt Source:Estimated
Interior
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Room Count:4
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Fireplace:No
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Living Area SqFt Source:Estimated
Room Dimensions
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Total SqFt:675
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Living Area SqFt:675 Sqft
Financial & Terms
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Sale Type:Auction, Standard
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Acceptable Financing:Cash, Conventional
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Possession:Settlement
Location
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Directions:Summit Street south to end, look for sign
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Latitude:38.02409000
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Longitude:-78.51994000
The Property
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Property Type:Residential
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Property Condition:Below Average
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Lot Size Units:Square Feet
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Lot Size Acres:0.60
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Lot Size Source:Estimated
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Lot SqFt:26,136 Sqft
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Zoning:R-B
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In City Limits:Yes
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Other Structures:Above Grade
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Waterview:No
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Waterfront:No
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Water Oriented:No
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Water Access:No
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Navigable Water:No
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Tidal Water:No
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Riparian Rights:No
Listing Agent
- Contact info:
- Agent phone:
- (434) 294-6093
- Office phone:
- (434) 294-6093
Taxes
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Tax ID Number:17A002000
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Tax Year:2024
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Tax Annual Amount:$1
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Tax Assessed Value:$379,700
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Year Assessed:2025
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City/Town Tax:1.00
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Total Taxes Payment Frequency:Annually
Beds
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Bedrooms:2
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Bedrooms Main Level:2
Baths
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Total Baths:1
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Full Baths:1
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Main Level Baths:1.00
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Main Level Full Baths:1
Heating & Cooling
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Cooling Type:None
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Central Air:No
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Cooling Fuel:Electric
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Heating:Yes
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Heating Type:Baseboard - Electric
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Heating Fuel:Electric
Utilities
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Utilities:Water Available
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Sewer/Septic:Septic Exists
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Hot Water:Electric
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Water Source:Public
Schools
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School District Name:Charlottesville City Public Schools
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School District Source:Listing Agent
The Community
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Subdivision Name:Unknown
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Senior Community:No
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Pool:No Pool
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HOA:No
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Condo/Coop Association:No
Parking
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Garage:No
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Type of Parking:Driveway
Extra Units
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Vacation Rental:No
Monthly cost estimate

Asking price
$225,000
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. |
$1,204
|
Taxes | N/A |
Insurance | $61 |
Utilities | $153 See report |
Total | $1,418/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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4/7/25
Apr 7, 2025
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Price Changed | BRIGHT | $225,000 | -25.0% |
1/13/25
Jan 13, 2025
|
Listed / Active | BRIGHT | $300,000 |