8 days on rocket

128 Summit St, Charlottesville, VA, 22903

$300,000

Home List Price

$3,563*

Closing Credit

2 Bedrooms
1 Full Bath
675 SqFt
$444/SqFt
House

Location

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128 Summit St, Charlottesville$300,000

Buyer Closing Credits

$3,563*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1946
HeatingElectric
CoolingElectric
MLS #2500161
Lot Size0.60 Acres
StatusActive

About 128 Summit St

This property to be sold via simulcast auction by Double A Auction & Realty VAAL #1011 on January 23, 2023 at 11AM. Listing price is opening bid. No pre-auction offers. Terms are 10% buyer's premium; $10,000 due on day of sale from high bidder, and balance due in 45 days. Sale subject to seller confirmation. Potential bidders can schedule appointment for viewing or inspections prior to sale day. Buyer's to register at auctioneer's website. Unlock the potential of this prime Charlottesville property! The offering is for two tax parcels at 128-130 Summit Street presenting an exceptional redevelopment opportunity in a sought-after location, ideal for multifamily development or other creative uses. Property Highlights: Strategic Location: Situated in a desirable Charlottesville neighborhood, this property offers convenient access to the University of Virginia, downtown amenities, and major transportation routes. Development Potential: Zoned for potential multifamily use, this property offers a blank canvas for investors and developers to create a lucrative residential project. Spacious Lot: The generous lot size provides ample space for a variety of development concepts, including townhomes, apartments, or a mixed-use project. Value-Add Opportunity: Bring your vision and expertise to transform this property into a thriving asset in the Charlottesville real estate market. Ideal for: Developers seeking a prime location for a multifamily project Investors looking for a value-add opportunity in a growing market Builders eager to create high-quality housing in a desirable area Don't miss this chance to capitalize on a prime redevelopment opportunity in Charlottesville!

Property Details

Property Features

Property Information:

  • Architectural Style: Bungalow, Cottage
  • Year Built: 1946
  • Stories: 1
  • Living Area: 675 SqFt

Listing Office:

  • Office Name: Double A Auction & Realty
  • Office Phone: (434) 294-6093
  • Listing Agent: Andy Austin

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No

Lot Features

Lot Information:

  • Lot Size: 0.60 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Electric

Price Information

Listing Price Info

Price Summary:

  • List Price: $300,000
  • Price Per SqFt: $444/SqFt

Tax Information:

  • Annual Amount: $1,669
  • 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

128 Summit St vs Charlottesville

8 DAYS ON ROCKET

-24 Days

$300,000

-$230.3K Less

$444/SqFt

+$192 More

KEY TAKEAWAY

This property is $230.3K less than the Median Sold Price and $192/SqFt more than other homes in Charlottesville, VA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CVR
  • MLS Number: #2500161

Listing Office:

  • Office Name: Double A Auction & Realty
  • Office Phone: (434) 294-6093
  • Listing Agent: Andy Austin

IDX All or a portion of the multiple Listing information is provided by the Central Virginia Regional Multiple Listing Service, LLC, from a copyrighted compilation of Listings. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All CVR MLS information provided is deemed reliable but is not guaranteed accurate. The compilation of Listings and each individual Listing are ©2025 Central Virginia Regional Multiple Listing Service,LLC. 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, 1:20:56 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$1,669$177,100
2020$1,669$169,600
2019$1,636$166,200
2018$1,455$147,100
2017$1,428$144,300

History based on county public records data.

Payment Calculator

$1,565

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$966

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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-1916463
4
/10

  • Johnson Elementary School

  • 1645 Cherry Ave

  • 0.76 miles

  • Public District Grades PK-4

school-card-donut-1916464
4
/10

  • Jackson-Via Elementary School

  • 508 Harris Rd

  • 1.11 miles

  • Public District Grades PK-4

school-card-donut-1916465
8
/10

  • Venable Elementary School

  • 406 14th St NW

  • 1.61 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 $34,236. Most Charlottesville, VA residents have annual incomes less than $35k. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 128 Summit St

What is the listing price of this property?

The listing price of 128 Summit St property is $300,000.

What type of property is this?

The property 128 Summit St is a house located in Charlottesville, Virginia, 22903.

Is this property for sale now?

Active Listing: 128 Summit St 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 $1,669 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 128 Summit St has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 128 Summit St is 675 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 128 Summit St is 1946.

Rocket Homes›Virginia›Charlottesville›22903›128 Summit St

This home is located at 128 Summit St in Charlottesville, VA and zip code 22903. This 675 square foot home, which was built in 1946, sits on a 0.60 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since January 02, 2025 and is currently priced at $300,000.

While more than 21 listings in Charlottesville, VA in December 2024 were sold above asking price, there were more than 40 listings sold at asking price, and more than 50 were sold below. The inventory of homes for sale in Charlottesville, VA between November 2024 and December 2024 decreased by 20.8%. In December 2024, listings were on the market for 32 days. During the same period, the median list price in this real estate market was $530,372.

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

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