500 Court Square, Unit 505

431 Sq. Ft.
$578 / Sq. Ft.
431
Sq. Ft.
$578
per Sq. Ft.

Description

A unique opportunity to own a versatile studio-style efficiency, perfect as an investment, a second home, or a personal residence. This charming unit is located in the heart of downtown Charlottesville, within the classic 1926 building that formerly housed the Monticello Hotel. Since its conversion to condominiums, this popular location offers historic charm with modern conveniences. You'll enjoy easy walkability to the downtown area, including music venues, theaters, the library, parks, shops, and...A unique opportunity to own a versatile studio-style efficiency, perfect as an investment, a second home, or a personal residence. This charming unit is located in the heart of downtown Charlottesville, within the classic 1926 building that formerly housed the Monticello Hotel. Since its conversion to condominiums, this popular location offers historic charm with modern conveniences. You'll enjoy easy walkability to the downtown area, including music venues, theaters, the library, parks, shops, and restaurants. The unit itself is light-filled and offers mountain and rural views. Inside, the main room features floor-to-ceiling built-ins for abundant storage, and the full kitchen also provides ample storage space, including a pantry that could double as a small office. The COA covers water, sewer, electricity, trash, and Ting fiber internet. The building is secured, has an elevator, and is staffed by a friendly attendant during business hours. Parking is available on the street or at the Market Street Garage (a parking space is not included with the unit).
  1. Listed by DEBI DOTSON • Brokerage DRE #226011726 • REAL ESTATE III, INC.
    P: (434)-960-6753 C: (434)-960-6753 debidotson@homesearchpartners.com

Property Details for 500 Court Square, Unit 505

Ownership
Condominium
Condo Coop Association
No
HOA
Yes
Structure Type
Unit/Flat/Apartment
Style
Other
Levels/Stories
1
Views
City
Garage
No
LISTING UPDATED: 04/03/2026 07:20 PM

Property Details for 500 Court Square, Unit 505

StatusPending
MLS #674488
Days on Market2
Taxes$2,024 / year
HOA Fees$342 / month
Condo/Co-op Fees-
Property TypeCondo
MLS TypeResidential / Condominium
Year Built1926
CountyCharlottesville Independent City

Location

Listing Courtesy of REAL ESTATE III, INC., DEBI DOTSON
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Building Information for 500 Court Square, Unit 505

Building/Complex500 Court SquareFloor-Stories1Residences-Pet Policy-Pet Policy Details-Year Built1926

Payment Calculator

$1,765 per month

30 year fixed, 6.46% Interest

Principal and Interest

$1,254

Property Taxes

$169

HOA Dues

$342

The Payment Calculator is for illustrative purposes only.

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Property Information for 500 Court Square, Unit 505

Location
Location
  • School District Name: CHARLOTTESVILLE CITY PUBLIC SCHOOLS
  • School District County ID: 121138065239
  • SchoolDistrictSource: Listing Agent
  • High School: CHARLOTTESVILLE (CHARLOTTESVILLE CITY VA)
  • HighSchoolSource: Listing Agent
  • County: CHARLOTTESVILLE CITY
Waterfront / Water Access
Waterfront / Water Access
  • Water View: No
  • Water Oriented: No
Association / Community Info
Association / Community Info
  • Type of Condo: Home Owner Association
Taxes and Assessment
Taxes and Assessment
  • Tax Year: 1743
Rooms
Main
  • # Bedrooms Count Main Level: 0
  • # Bathrooms Count Main Level: 1
  • # Bathrooms Full Main Level: 1
All Upper Levels
  • # Bedrooms Count All Upper Levels: 0
All Lower Levels
  • # Bedrooms All Lower Levels: 0
Rooms
  • Room List: Kitchen, Full Bath
  • Stories: Main
Rooms Information
Room 1
  • Room Type: Kitchen
  • Room Level: First
  • Room Exists: Yes
Room 2
  • Room Type: Full Bath
  • Room Level: First
  • Room Exists: Yes
Room 3
  • Room Level: First
Building Info
Building Info
  • Building Total SQFT: 431
  • Total Finished SQFT: 431.00
Interior Features
Interior Features
  • View: City
  • Fireplace: No
Utilities
Utilities
  • Utilities: FiberOpticAvailable
  • Heating: Yes
  • Cooling: No
  • Cooling Type: Central A/C
  • Heating Type: Central
  • Water Source: Public
  • Sewer Septic: Public Sewer
  • Internet Services: Fiber Optic
Confidential Data
Listing Office
  • List Agent URL: www.HomeSearchPartners.com

Property History for 500 Court Square, Unit 505

DateEvent & SourcePriceAppreciation
Apr 3, 2026

Pending

BRIGHT #674488

Apr 2, 2026

Pending

CAAR #674488

Mar 31, 2026

Listed (Active)

CAAR #674488

DateEvent & SourcePrice
04/03/2026

Pending

BRIGHT #674488

04/02/2026

Pending

CAAR #674488

03/31/2026

Listed (Active)

CAAR #674488

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 500 Court Square, Unit 505

Taxable ValueLand$57,500Additions$172,000Total$229,500
Tax Record2025$2,256 ($188 / month)
Home Facts
Beds1Baths1Total Finished SqFt431 SqFtAbove Grade Finished SqFt431 SqFtStories1StyleCondominiumYear Built1926ZoningDXCountyCHARLOTTESVILLE CITYAPN530096505

Schools near 500 Court Square, Unit 505

This home is within Charlottesville Cty Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 7 to 8
Public - 9 to 12
Public - 5 to 6
Rating
School
Distance
Burnley-Moran Elementary School
PublicPK to 4

Buford Middle School
Public7 to 8

Charlottesville High School
Public9 to 12

Walker Upper Elementary School
Public5 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of REAL ESTATE III, INC., DEBI DOTSON

Based on information from one of the following Multiple Listing Services: CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CVRMLS, Roanoke Valley Association of REALTORS (Roanoke, VA), LAR, Lynchburg Association of REALTORS® and Charlottesville Area Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.