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Rick Sanderson Jr

rick@sandersonsells.com +1(856) 905-0830

$ 225,000

Est. payment -/mo

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Price Dropped by $75K

128 SUMMIT ST Charlottesville, VA 22903

2 Beds

1 Bath

675 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Detached

Listing Status Active

Purchase Type For Sale

Square Footage 675 sqft

Price per Sqft $333

Subdivision Unknown

MLS Listing ID VACO2000152

Style Bungalow,Cottage

Bedrooms 2

Full Baths 1

HOA Y/N N

Abv Grd Liv Area 675

Originating Board BRIGHT

Year Built 1946

Annual Tax Amount $1

Tax Year 2024

Lot Size 0.600 Acres

Acres 0.6

Property Sub-Type Detached

Property Description

This property to be sold via simulcast auction by Double A Auction & Realty VAAL #1011 on April 24, 2025 at 11AM. Listing price is opening bid. No pre-auction offers. Terms are 10% buyer's premium; $5,000 NON REFUNDABLE due on day of sale from high bidder, and balance due in 45 days. Financing ok but NO CONTINGENCIES. Sale subject to seller confirmation. Potential bidders can schedule appointment for viewing or inspections prior to sale day. Buyers to register at auctioneer's website. Property to be sold as is.

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!

Location

State VA

County Charlottesville City

Zoning R-B

Rooms

Main Level Bedrooms 2

Interior

Hot Water Electric

Heating Baseboard - Electric

Cooling None

Fireplace N

Heat Source Electric

Exterior

Utilities Available Water Available

Water Access N

Roof Type Shingle

Accessibility None

Garage N

Building

Story 1

Foundation Crawl Space

Sewer Septic Exists

Water Public

Architectural Style Bungalow, Cottage

Level or Stories 1

Additional Building Above Grade

New Construction N

Schools

School District Charlottesville City Public Schools

Others

Senior Community No

Tax ID 17A002000

Ownership Fee Simple

SqFt Source Estimated

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Auction, Standard

Listed by William A. Austin • Afton Grove Associates, LLC

Rick Sanderson Jr

Agent | License ID: 0790603

+1(856) 905-0830

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Rick Sanderson Jr

128 SUMMIT ST Charlottesville, VA 22903

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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128 SUMMIT ST

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