$835,000
$1,000,000
16.5%For more information regarding the value of a property, please contact us for a free consultation.
303 ALDERMAN RD Charlottesville, VA 22903
3 Beds
2 Baths
1,899 SqFt
Key Details
Sold Price $835,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 1,899 sqft
Price per Sqft $439
Subdivision None Available
MLS Listing ID 649896
Sold Date 06/12/24
Style Other
Bedrooms 3
Full Baths 1
Half Baths 1
HOA Y/N N
Abv Grd Liv Area 1,899
Originating Board CAAR
Year Built 1950
Annual Tax Amount $6,377
Tax Year 2023
Lot Size 0.310 Acres
Acres 0.31
Property Description
Discover a unique opportunity in the heart of Lewis Mountain, an area celebrated for its serene charm and its proximity to the University of Virginia. Recently transitioned from R-1 to R-B zoning, this change simplifies development by setting a fixed density. Developers are allowed a baseline of 6 units, which increases to 8 if the existing home is retained and can expand to 12 units for projects including affordable housing. The city permits the construction of townhomes or condos within designated setbacks and allows for the subdivision into individual lots for sale. This property not only offers flexibility in development but also connects investors to the vibrant university community, enhancing its appeal for both residential and academic-oriented projects.
Location
State VA
County Charlottesville City
Zoning R-6
Rooms
Other Rooms Living Room, Dining Room, Kitchen, Bonus Room, Full Bath, Half Bath, Additional Bedroom
Main Level Bedrooms 3
Interior
Interior Features Entry Level Bedroom
Heating Central
Cooling Central A/C
Fireplace N
Exterior
Accessibility None
Garage Y
Building
Story 1
Foundation Block
Sewer Public Sewer
Water Public
Architectural Style Other
Level or Stories 1
Additional Building Above Grade, Below Grade
New Construction N
Schools
Elementary Schools Venable
Middle Schools Walker & Buford
High Schools Charlottesville
School District Charlottesville City Public Schools
Others
Ownership Other
Special Listing Condition Standard
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Bought with TOM RIDLEY • LORING WOODRIFF REAL ESTATE ASSOCIATES
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