new - 7 days on rocket

1005 Cherry Ave, Charlottesville, VA, 22903

$400,000

Home List Price

$4,750*

Closing Credit

3 Bedrooms
2 Full Baths
1,648 SqFt
$243/SqFt
House

Location

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1005 Cherry Ave, Charlottesville$400,000

Buyer Closing Credits

$4,750*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1900
HeatingForced Air
CoolingWindow Unit(s)
ViewOther
MLS #659822
Lot Size0.16 Acres
StatusActive
(ACTIVE)

About 1005 Cherry Ave

Investors, take note! This prime, 0.16-acre lot in the highly sought-after Fifeville neighborhood of Charlottesville offers an exceptional redevelopment opportunity. Zoned R-B, this property can be subdivided and allows for the development of up to 8 total units. Currently, a 3-bedroom, 2 bath home sits on the lot, which is currently rented. This presents various possibilities for maximizing its full potential. Enjoy the convenience of being within walking distance to UVA, The Corner, and the Downtown Mall. The train station is also nearby, and it's just a quick drive to 5th Street Station shopping, offering a variety of dining and retail options. This is a rare chance to capitalize on a prime location in one of Charlottesville's most vibrant areas.,Formica Counter,Painted Cabinets

Property Details

Property Features

Property Information:

  • Architectural Style: Farmhouse/National Folk
  • Year Built: 1900
  • Stories: 2
  • Living Area: 1,648 SqFt

Listing Office:

  • Office Name: NEST REALTY GROUP
  • Office Phone: (434) 566-0121
  • Listing Agent: MARJORIE ADAM

Interior Features

Interior Information:

  • Appliances: Dryer, Washer
  • Basement: No
  • Flooring Type: Hardwood, Wood, Vinyl
  • Interior: Entry Level Bedroom

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • View: Other

Lot Features

Lot Information:

  • Lot: Landscaped, Level
  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Window Unit(s)

Other

Directions Information:

  • Directions: 250 East/West, take the McIntire Rd/John W Warner Pkwy exit towards downtown, continue on Ridge McIntire Rd, continue on Ridge St, turn right onto Cherry Ave. to home on the right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $400,000
  • Price Per SqFt: $243/SqFt

Tax Information:

  • Annual Amount: $2,775
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Charlottesville, VA.

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Charlottesville, VA

City

Med. Sold Price

$530.3K

Med. Price/SqFt

$251

Avg. Days On Market

32

# of Sold Homes

111

1005 Cherry Ave vs Charlottesville

7 DAYS ON ROCKET

-25 Days

$400,000

-$130.3K Less

$243/SqFt

-$9 Less

KEY TAKEAWAY

This property is $130.3K less than the Median Sold Price and $9/SqFt less than other homes in Charlottesville, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CAAR
  • MLS Number: #659822

Listing Office:

  • Office Name: NEST REALTY GROUP
  • Office Phone: (434) 566-0121
  • Listing Agent: MARJORIE ADAM

IDX Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.

The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.

BRIGHT MLS is the (or a) provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors. ©2025 BrightMLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/11/2025, 1:16:01 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,775$350,000
2020$2,775$281,500
2019$2,469$249,300
2018$2,285$229,900
2017$2,261$227,400

History based on county public records data.

Payment Calculator

$2,064

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,266

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1945249
4
/10

  • Johnson Elementary School

  • 1645 Cherry Ave

  • 0.66 miles

  • Public District Grades PK-4

school-card-donut-1945250
8
/10

  • Venable Elementary School

  • 406 14th St NW

  • 0.69 miles

  • Public District Grades PK-4

school-card-donut-1945251
4
/10

  • Jackson-Via Elementary School

  • 508 Harris Rd

  • 1.06 miles

  • Public District Grades PK-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $51,215. The majority of Charlottesville, VA residents have income between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1005 Cherry Ave

What is the listing price of this property?

The listing price of 1005 Cherry Ave property is $400,000.

What type of property is this?

The property 1005 Cherry Ave is a house located in Charlottesville, Virginia, 22903.

Is this property for sale now?

Active Listing: 1005 Cherry Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,775 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1005 Cherry Ave has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 1005 Cherry Ave is 1,648 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1005 Cherry Ave is 1900.

Rocket Homes›Virginia›Charlottesville›22903›1005 Cherry Ave

This home is located at 1005 Cherry Ave in Charlottesville, VA and zip code 22903 in the Fifeville neighborhood. This 1,648 square foot home, which was built in 1900, sits on a 0.16 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since January 03, 2025 and is currently priced at $400,000.

Charlottesville, VA housing market in December 2024 saw over 21 listings sold above listed price, more than 40 sold at listed price and over 50 sold below. The number of homes for sale in Charlottesville, VA decreased by 20.8% between November 2024 and December 2024. In December 2024 median list price was $530,372 and the average listing age was 32 days.

From Rocket Homes Real Estate and based on county public records data.

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