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$2,250,000

Beds
4
Baths
2.5
sq ft
3,524

31 Old Farm Rd, Charlottesville, VA 22903

31 Old Farm Rd

CHARLOTTESVILLE, VA 22903

  • 14 days on market
    • Price drop $225,000↓
Beautifully renovated home in Bellair. Dining room opens directly onto a covered porch, perfect for seamless indoor-outdoor dining and entertaining. Living room captivates with a vaulted ceiling, custom floor-to-ceiling bookcases, and lots of natural light. The terrace level features a spacious rec/family room and a dedicated exercise room, ideal for fitness and relaxation. The property also includes a two-car garage, providing ample space for vehicles and storage. Outside, the owner has meticulously landscaped the grounds, planting 50 trees and over 1,000 perennials that flourish under an efficient irrigation system. Conveniently located near Boars Head, UVA and easy access to downtown.,White Cabinets,Fireplace in Living Room,Fireplace in Rec Room

Details

Property type

Single Family Residence

Est. home value

$1,650,007

Lot size

1.10 acres

Price per sq ft

$639

Year built

1957

Annual property taxes

$12,637.5

Monthly HOA fee

$25

Price History

11/14/2024
Bright

Bright #658430

Price change
$2,250,000
-9.09%
11/01/2024
Bright

Bright #658430

Listed
$2,475,000
+73.68%
01/13/2021
CharlottesvilleVA

CharlottesvilleVA #609589

Sold
$1,425,000

Schools & Community

Elementary school: 

MURRAY

Middle school: 

HENLEY

High school: 

WESTERN ALBEMARLE

School district: 

ALBEMARLE COUNTY PUBLIC SCHOOLS

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,431,012
Asking price
$2,250,000
Closing costs (~8% of asking)
-$180,000
Est. remaining loan balance
-$638,988
Cash to seller
$1,431,012

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Presidential Bank Fsb

Loan start date

January 2021

Original loan amount

$700,000

Est. remaining balance

$638,988

Interest rate

2.72%

Loan type

New Conventional, 30 year

Seller

Anne W H Spencer

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/15/2024 at 6:30 AM

Listing updated: 11/14/2024 at 9:09 AM

Listed by: SALLY DU BOSE, SALLY DU BOSE REAL ESTATE PARTNERS Phone #: (434) 293-2828

MLS: Bright #658430

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