A Premier Residential Development Opportunity in Charlottesville! We are excited to present a unique and significant residential development opportunity in the heart of Charlottesville. This offering includes 9 adjacent parcels with prime frontage on three city streets. This is an unparalleled chance to contribute to the city?s growth with a fully approved plan ready for immediate development. Key Highlights: Prime Location: 9 contiguous parcels located in a highly desirable area of Charlottesville. Approved Development: The offering includes a Final Site Plan that has been approved by the Charlottesville Planning Commission. Zoning: The parcels are zoned R-A, suitable for multi-family residential development. Comprehensive Offering: Sale includes all 9 parcels and the intellectual property associated with the approved Final Site Plan. This is a rare opportunity to develop a project that will enhance the community and meet the growing demand for residential units in Charlottesville. Don?t miss the chance to make a significant impact with this exceptional site. For more details and to explore this opportunity further, please call.,Robinson Place
Property Details
Property Features
Listing Office:
Office Name: AVENUE REALTY, LLC
Office Phone: (434) 326-5477
Listing Agent: JOSEPH K. PORTERFIELD
Lot Features
Lot Information:
Lot Size: 0.84 Acres
Other
Directions Information:
Directions: Parcels lie within the bounds of Preston, Cabell & Barbour (approx .2 miles south of Rugby Rd.)
Price Information
Listing Price Info
Price Summary:
List Price: $1,595,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Charlottesville, VA.
This property is $1.0M more than the Median Sold Price in Charlottesville, VA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CAAR
MLS Number: #653326
Listing Office:
Office Name: AVENUE REALTY, LLC
Office Phone: (434) 326-5477
Listing Agent: JOSEPH K. PORTERFIELD
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.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$8,028
Per Month
Principal & Interest
$7,961
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$4,848
Powered By
Advertisement
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Venable Elementary School
406 14th St NW
Distance between this listing and this school0.78 miles
Public District Grades PK-4
2
/10
Clark Elementary School
1000 Belmont Ave
Distance between this listing and this school0.86 miles
Public District Grades PK-4
4
/10
Burnley-Moran Elementary School
1300 Long St
Distance between this listing and this school1.16 miles
Public District Grades PK-4
Nearby Schools
4
/10
Burley Middle School
901 Rose Hill Dr
Distance between this listing and this school0.51 miles
Public District Grades 6-8
3
/10
Buford Middle School
1000 Cherry Ave
Distance between this listing and this school0.85 miles
Public District Grades 7-8
2
/10
Walker Upper Elementary School
1564 Dairy Rd
Distance between this listing and this school1.45 miles
Public District Grades 5-6
Nearby Schools
5
/10
Murray
1200 Forest St
Distance between this listing and this school0.55 miles
Public Charter Grades 6-12
4
/10
Charlottesville High School
1400 Melbourne Rd
Distance between this listing and this school1.41 miles
Public District Grades 9-12
4
/10
Monticello High School
1400 Independence Way
Distance between this listing and this school2.35 miles
The neighbors living near this home have an average income of $54,029. Most Charlottesville, VA residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About Preston Ave
What is the listing price of this property?
The listing price of Preston Ave property is $1,595,000.
What type of property is this?
The property Preston Ave is land located in Charlottesville, Virginia, 22903.
Is this property for sale now?
Active Listing: Preston Ave is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at Preston Ave in Charlottesville, VA and zip code 22903 in the North Downtown neighborhood. This home sits on a 0.84 acre lot. It has been listed on Rocket Homes since May 26, 2024 and is currently priced at $1,595,000.
While more than 32 listings in Charlottesville, VA in October 2024 were sold above asking price, there were more than 33 listings sold at asking price, and more than 40 were sold below. Between September 2024 and October 2024, Charlottesville, VA real estate market has seen increase in the number of listings by 4.6%. In October 2024 median list price was $532,051 and the average listing age was 25 days.
From Rocket Homes Real Estate and based on county public records data.
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. 
Yoga/pilates
Yoga/pilates
Figure Skating
Major League Soccer (MLS)
H&M
Chico's
Banana Republic
Dominos Pizza
Bob Evans
Sonic
Audi
Oldsmobile
Infiniti
Alternative
News
Urban Contemporary