1 month on rocket

1124 Preston Ave 1122, Charlottesville, VA, 22903

$1,900,000

Home List Price

$10,000*

Closing Credit

19 Bedrooms
16 Full Baths, 1 Partial
7,276 SqFt
$261/SqFt
Townhouse

Location

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1124 Preston Ave 1122, Charlottesville$1,900,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTownhouse
Year Built1935
HeatingBaseboard, Forced Air, Heat Pump
CoolingCentral Air, Heat Pump
MLS #658570
Lot Size0.38 Acres
StatusActive
(ACTIVE)

About 1124 Preston Ave 1122

This fully-leased investment property, located on Preston Ave, just minutes walking from the University of Virginia, presents a prime opportunity for investors. With 19 bedrooms and 16.5 bathrooms, it is well-suited for UVA students, faculty, or staff, ensuring strong demand and consistent rental income. The property features spacious common areas, large kitchens, and ample private parking with 19 parking spots. Situated in a highly desirable location, the property is within walking or biking distance of UVA's campus, making it an attractive choice for long-term renters with a consistently occupied rental history and immediate cash flow, this property offers a stable, income-generating asset in one of Charlottesville?s most sought-after neighborhoods.

Property Details

Property Features

Property Information:

  • Architectural Style: Other
  • Year Built: 1935
  • Stories: 2
  • Living Area: 7,276 SqFt

Listing Office:

  • Office Name: AVENUE REALTY, LLC
  • Office Phone: (434) 326-5477
  • Listing Agent: WILL NAFEI

Interior Features

Interior Information:

  • Basement: No
  • Interior: Entry Level Bedroom

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 16
  • Total Bedroom Count: 19

Lot Features

Lot Information:

  • Lot Size: 0.38 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Forced Air, Heat Pump
  • Cooling: Central Air, Heat Pump

Other

Directions Information:

  • Directions: From Preston, pass Washington Park, down hill, driveway will be on the right

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,900,000
  • Price Per SqFt: $261/SqFt
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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

$536K

Med. Price/SqFt

$252

Avg. Days On Market

27

# of Sold Homes

112

1124 Preston Ave 1122 vs Charlottesville

41 DAYS ON ROCKET

+14 Days

$1,900,000

+$1.3M More

$261/SqFt

+$8 More

KEY TAKEAWAY

This property is $1.3M more than the Median Sold Price and $8/SqFt more than other homes in Charlottesville, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CAAR
  • MLS Number: #658570

Listing Office:

  • Office Name: AVENUE REALTY, LLC
  • Office Phone: (434) 326-5477
  • Listing Agent: WILL NAFEI

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. ©2024 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: 12/18/2024, 8:21:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$9,550

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,763

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NMLS#3030

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-4466774
8
/10

  • Venable Elementary School

  • 406 14th St NW

  • 0.38 miles

  • Public District Grades PK-4

school-card-donut-4466775
4
/10

  • Johnson Elementary School

  • 1645 Cherry Ave

  • 1.64 miles

  • Public District Grades PK-4

school-card-donut-4466776
4
/10

  • Burnley-Moran Elementary School

  • 1300 Long St

  • 1.69 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 $49,875. Most Charlottesville, VA residents have annual incomes between $35k-100k. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1124 Preston Ave 1122

What is the listing price of this property?

The listing price of 1124 Preston Ave 1122 property is $1,900,000.

What type of property is this?

The property 1124 Preston Ave 1122 is a townhouse located in Charlottesville, Virginia, 22903.

Is this property for sale now?

Active Listing: 1124 Preston Ave 1122 is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 1124 Preston Ave 1122 has 19 bedrooms and 16 full and 1 half bathrooms.

What is the square footage of this property?

The property 1124 Preston Ave 1122 is 7,276 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1124 Preston Ave 1122 is 1935.

Rocket Homes›Virginia›Charlottesville›22903›1124 Preston Ave 1122

This home is located at 1124 Preston Ave 1122 in Charlottesville, VA and zip code 22903 in the Barracks / Rugby neighborhood. This 7,276 square foot home, which was built in 1935, sits on a 0.38 acre lot. Features: 19 bedrooms, 17 bathrooms. It has been listed on Rocket Homes since November 07, 2024 and is currently priced at $1,900,000.

In November 2024, from all listings sold in Charlottesville, VA there were more than 28 sold above asking price, over 52 sold below and more than 28 were sold right at the asked price. The inventory of homes for sale in Charlottesville, VA between October 2024 and November 2024 decreased by 14.4%. Listings spent 27 days on the market in November 2024, and had a median list price of $536,000 during the same period.

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

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