510 Ridge Street

Closed 9/8/20

Last Sold Price

$1,150,000

13 beds8 baths7,900 sqft$146/sqft

510 Ridge St, Charlottesville, VA 22902

Description

Fantastic Investment opportunity with 3 income producing properties. Current 3 properties consist of two triplexes & one duplex (8 rental units). Great monthly income. Shown by appointment only. Income information available. Access off of city street. Walk to the downtown Charlottesville Mall and only minutes from the University of Virginia. Property sold subject to completion of a boundary line survey adjusting the land behind the three parcels over to 512 Ridge Street, which is also for sale as...Fantastic Investment opportunity with 3 income producing properties. Current 3 properties consist of two triplexes & one duplex (8 rental units). Great monthly income. Shown by appointment only. Income information available. Access off of city street. Walk to the downtown Charlottesville Mall and only minutes from the University of Virginia. Property sold subject to completion of a boundary line survey adjusting the land behind the three parcels over to 512 Ridge Street, which is also for sale as a development property MLS# 582158, that has an acre of land and the duplex located between Ridge and Burnett Street and the City Cemetery. See aerial photos. With a 50% Down-payment, Owner Financing Available!

LISTING CLOSED: 09/08/2020 12:00 AM

Listed by TIM CARSON • Brokerage DRE #226011726 • REAL ESTATE III - NORTH
P: (434)-218-0043 C: (434)-218-0043 timcarson@timcarson.com

Property Details for 510 Ridge Street

Status

Closed

MLS #

582184

Days on Market

542

Pet Policy

Taxes

$9,000 / year

HOA Fees

Condo/Co-op Fees

Property Type

Condo

MLS Type

Residential / Apartment

Year Built

1957

County

Charlottesville Independent City

Subdivision Name

NONE

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Location

Listing Courtesy of REAL ESTATE III - NORTH, TIM CARSON

Sold By REAL ESTATE III - NORTH, TIM CARSON

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Building Information for 510 Ridge Street

Building/Complex510 Ridge StFloor-Stories-Residences8Pet Policy-Pet Policy Details-Year Built1957

Payment Calculator

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$6,595 per month

30 year fixed, 6.55% Interest

Principal and Interest

$5,845

Property Taxes

$750

HOA Dues

The Payment Calculator is for illustrative purposes only.

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Property Information for 510 Ridge Street

Summary

Location and General Information

Directions: From Downtown, take McIntire to Ridge, properties on Ridge St on the left between Oak and Elliott. You can view land by going Ridge Street, left on Elliott , left on Burnett to end of street and you can see behind the properties.
Latitude: 38.026449

Longitude: -78.486854
Road Frontage Type: PublicRoad
Water Source: Public
Year Built: 1957

Taxes and HOA

Association: No
Tax Annual Amount: $9,000

Tax Legal Description: TMP290277000
Tax Year: 2018

School Information

Elementary School: Summit
High School: Charlottesville

Middle Or Junior School: Walker & Buford

Virtual Tour

Virtual Tour URL Branded: https://www.corelistingmachine.com/home2/L37B8V
Virtual Tour URL Unbranded: https://www.corelistingmachine.com/home2/L37B8V

Property

Lot Information

Above Grade Finished Area Source: PublicRecords
Above Grade Unfinished Area Source: PublicRecords

Below Grade Finished Area Source: PublicRecords
Below Grade Unfinished Area Source: PublicRecords
Building Area Source: PublicRecords
Living Area: 7900.0
Living Area Source: PublicRecords
Lot Size Acres: 0.65

Property and Assessments

New Construction: No
Parcel Number: 290277000, 290275000, 290274000

Property Sub Type: Apartment
Property Sub Type Additional: MultiFamily
Property Type: Residential
Senior Community: No
Zoning Description: R-2 Two Family Residential

Utilities

Sewer: PublicSewer
Utilities: CableAvailable, HighSpeedInternetAvailable

Interior and Exterior Features

Exterior Features

Foundation Details: Block
Structure Type: HighRise

Interior Features

Cooling: HeatPump
Cooling: Yes

Heating: HeatPump
Heating: Yes

Multi Family

Multi Family Information

Number Of Units Total: 8

Unit 1

Unit Type Area: 3126.0
Unit Type Area Units: SquareFeet

Unit Type Baths Total: 3
Unit Type Beds Total: 3
Unit Type Type: FourBedroomOrMore
Unit Type Units Total: 3

Unit 2

Unit Type Area: 1511.0
Unit Type Area Units: SquareFeet

Unit Type Baths Total: 2
Unit Type Beds Total: 4
Unit Type Type: FourBedroomOrMore
Unit Type Units Total: 2

Unit 3

Unit Type Area: 3049.0
Unit Type Area Units: SquareFeet

Unit Type Baths Total: 3
Unit Type Beds Total: 6
Unit Type Type: FourBedroomOrMore
Unit Type Units Total: 3

Room Information

Human Modified: No

Rental

Rent Information

Lease Considered: No

Property History for 510 Ridge Street

Date	Event & Source	Price	Appreciation
Sep 8, 2020	Sold CAAR #582184	$1,150,000	—
Oct 5, 2018	Listed (Active) CAAR #582184	$1,450,000	—

Date	Event & Source	Price
09/08/2020	Sold CAAR #582184	$1,150,000
10/05/2018	Listed (Active) CAAR #582184	$1,450,000

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

Public Records for 510 Ridge Street

Taxable ValueLand$148,500Additions$478,600Total$627,100

Tax Record2026$6,324 ($527 / month)

Home Facts

Beds6Baths3Total Finished SqFt3,126 SqFtAbove Grade Finished SqFt2,084 SqFtFinished Basement SqFt1,042 SqFtStories2Lot Size9,932 SqFtStyleSingle Family ResidenceYear Built1925Year Renovated1959ZoningR-CCountyCHARLOTTESVILLE CITYAPN290275000

Schools near 510 Ridge Street

This home is within Charlottesville Cty Public Schools.


Rating	School	Type	Grades	Distance
5/10	Clark Elementary School	Public - Serves this home	PK to 4	0.8 mi
3/10	Buford Middle School	Public - Serves this home	7 to 8	0.5 mi
4/10	Charlottesville High School	Public - Serves this home	9 to 12	1.9 mi
3/10	Walker Upper Elementary School	Public - Nearby school	5 to 6	1.9 mi
NR	Charlottesville Day School	Private - Nearby school	PK to 8	0.9 mi
NR	Renaissance School	Private - Nearby school	9 to 12	0.6 mi
NR	Village School	Private - Nearby school	5 to 8	0.6 mi


Rating	School	Distance
5/10	Clark Elementary School PublicPK to 4 Serves this home	0.8 mi
3/10	Buford Middle School Public7 to 8 Serves this home	0.5 mi
4/10	Charlottesville High School Public9 to 12 Serves this home	1.9 mi
3/10	Walker Upper Elementary School Public5 to 6 Nearby school	1.9 mi
NR	Charlottesville Day School PrivatePK to 8 Nearby school	0.9 mi
NR	Renaissance School Private9 to 12 Nearby school	0.6 mi
NR	Village School Private5 to 8 Nearby school	0.6 mi

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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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 510 Ridge Street, Charlottesville, VA 22902	$1,150,000	13	8	7,900	–
516 Ridge Street, Charlottesville, VA 22902	$345,000	4	3	1,795	14,810
511 Ridge Street, Charlottesville, VA 22902	–	–	–	4,652	16,596
243 Burnet Street, Charlottesville, VA 22902	$381,978	3	3	1,980	4,356
507 Ridge Street, Charlottesville, VA 22902	$212,000	3	2	2,478	19,166
239 Burnet Street, Charlottesville, VA 22902	–	–	–	–	1,742
515 Ridge Street, Charlottesville, VA 22902	$346,500	4	4	3,282	13,068
518 Ridge Street, Charlottesville, VA 22902	–	4	3	2,610	11,761
235 Burnet Street, Charlottesville, VA 22902	$456,182	4	5	2,840	4,356
517 Ridge Street, Charlottesville, VA 22902	–	–	–	5,371	11,500
229 Burnet Street, Charlottesville, VA 22902	$453,781	4	4	2,644	4,356
200 Oak Street, Charlottesville, VA 22902	–	–	–	–	10,846
234 Burnet Street, Charlottesville, VA 22902	$325,000	2	3	1,323	4,356
522 Ridge Street, Charlottesville, VA 22902	–	–	–	4,503	14,985
230 Burnet Street, Charlottesville, VA 22902	–	3	2	1,440	1,307
306 Oak Street, Unit A & B, Charlottesville, VA 22903	$155,000	2	2	1,200	20,908

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of REAL ESTATE III - NORTH, TIM CARSON

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.

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