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$499,000

Beds
4
Baths
3.5
sq ft
2,725

3101 Martin Kings Rd, Charlottesville, VA 22902

3101 Martin Kings Rd

CHARLOTTESVILLE, VA 22902

  • 37 days on market
    • Price drop $15,000↓
PRICE REDUCED! This quiet and peaceful home sits on over 3.5 level acres with plenty of cleared space for play and enjoyment, or ADD A POOL! This privacy is hard to find while only being 15 minutes from Pantops and 5 minutes to shops and restaurants near Lake Monticello. The current owners made significant improvements over the last 2-3 years by clearing about a quarter an acre of trees in the backyard and creating a large and level lawn; remodeling the kitchen to include new LVP flooring, expanded counter and cabinet space and new granite countertops and modern wood cabinets. The large wrap-around deck offers wooded views and is great for entertaining or taking in the natural surroundings. ALBEMARLE Schools. Easy commute to UVA. New roof in 2014. New carpet with upgraded padding in 2020. New paint in 2020. Huge garage for cars and storage. Bsmt with natural light offers additional BR, rec area, full bath, and unfinished storage space. With acceptable offer, seller to provide $500 credit at closing for tile near fireplace.,Granite Counter,White Cabinets,Fireplace in Family Room

Details

Property type

Single Family Residence

Est. home value

$471,327

Lot size

3.53 acres

Price per sq ft

$184

Year built

1991

Annual property taxes

$3,856

HOA

No

Price History

07/02/2024

Bright #653482

Price change
$499,000
-2.92%
06/21/2024

Bright #653482

Price change
$514,000
-2.84%
05/30/2024

Bright #653482

Listed
$529,000
+45.93%

Schools & Community

Elementary school: 

STONE-ROBINSON

Middle school: 

WALTON

High school: 

MONTICELLO

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

$158,322
Asking price
$499,000
Closing costs (~8% of asking)
-$39,920
Est. remaining loan balance
-$300,758
Cash to seller
$158,322

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

December 2020

Original loan amount

$326,250

Est. remaining balance

$300,758

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Leon Cleveland Henry Iii and Caitlyn Henry

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: 07/05/2024 at 8:25 PM

Listing updated: 07/02/2024 at 10:33 AM

Listed by: JAY REEVES, HOWARD HANNA ROY WHEELER REALTY - CHARLOTTESVILLE Phone #: (434) 951-5155

MLS: Bright #653482

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