502 Hanover St
Charlottesville, VA 22903
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This 0.14-acre lot in Fifeville, Charlottesville, offers a unique redevelopment opportunity and can be subdivided. It?s a great lot for a single residential home, and it is fully vacant and ready for development. The property is also zoned R-B, allowing for a baseline of 6 units. For projects that include affordable housing, the potential expands to 12 units. With the adjacent 0.18-acre lot also for sale, this is an excellent chance to maximize development potential in a desirable neighborhood.
Last checked:
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Last updated Oct 24, 2024
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MLS# 656099 —
Financial & Terms
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Sale Type:Standard
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Buyer Financing:Cash
Location
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Directions:I-64 E, Charlottesville, take the exit onto 5th St. Southwest, turn left onto 5th St. Southwest toward Charlottesville, turn left onto Cherry Avenue, turn right onto Hanover Street, and the destination is on your right at 502 Hanover St.
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Latitude:38.02710700
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Longitude:-78.50086409
The Property
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Property Type:Land
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Current Use:Other
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Lot Size Acres:0.14
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Zoning:R-3
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Zoning Description:Residential
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Water View:No
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Water Oriented:No
Listing Agent
- Contact info:
- Agent phone:
- (434) 882-3558
- Office phone:
- (434) 996-0310
Taxes
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Tax Year:2023
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Tax Annual Amount:$994.25
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Total Taxes Payment Frequency:Annually
Utilities
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Sewer/Septic:No Sewer System, No Septic System
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Water Source:Public
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Internet Services:Cable, DSL
Schools
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Elementary School:Johnson
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Middle School:Walker & Buford
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High School:CHARLOTTESVILLE
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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:None Available
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HOA:No
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Condo/Coop Association:No
Extra Units
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Vacation Rental:No
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).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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10/23/24
Oct 23, 2024
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Sold | BRIGHT | $215,000 | -2.3% |
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9/24/24
Sep 24, 2024
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Pending | BRIGHT | $220,000 | |
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9/20/24
Sep 20, 2024
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Price Changed | BRIGHT | $220,000 | -8.3% |
