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1704 OLD BROOK RD, Charlottesville, VA 22901
$875,000 Asking Price
$---/mo Est. Payment Get Prequalified »
3
beds
2
baths
2,544
sqft
Built in
1967
Welcome to 1700-1704 Old Brook Road, a unique investment opportunity nestled in the heart of Albemarle County's Urban Area. This expansive property boasts two distinct residences - a stately brick home in need of complete renovation and a separate cottage, which could be renovated, used for an accessory building or rental, but also needs a complete renovation. These two homes are situated on an impressive 7.9-acre lot. Listed at $875,000, this property presents endless potential for the discerning Investor. This property is great for the contractor client or investor to rehab and rent these two homes. The main residence offers three bedrooms and two bathrooms spread across a generous 2544 square feet of living space. The secondary cottage has 754 square feet and mirrors the need for renovation and TLC of the main house. The cottage offers additional accommodation or rental income possibilities. With the shortage of an inventory of homes in our area, this investment provides an exciting canvas for those seeking to customize their new investment or create an attractive rental proposition. This vast property is zoned R-2 which allows less lot space and road frontage than a normal rural lot and uniquely provides an optional benefits
Features & Amenities
Interior
- General:
- Entry Level Bedroom
- Rooms:
- Living Room,Kitchen,Full Bath,Additional Bedroom
- Basement:
- Fully Finished
- A/C:
- None
- Heating:
- Y, Baseboard,Hot Water
- Disability Feature:
- None
Exterior
- General:
- Above Grade,Below Grade
- Style:
- Ranch/Rambler
Construction
- General:
- Brick, 1, Block,Slab
Location
- HOA Amenities:
- 0.0
- Originating MLS:
- BRIGHT_CAAR
- School District:
- ALBEMARLE COUNTY PUBLIC SCHOOLS
- County:
- ALBEMARLE
Lot
- Zoning:
- R-2
Utilities
- Water:
- Public
- Sewer:
- Septic Exists
Financial
- Source:
- BRIGHT_CAAR
This listing courtesy of:
REAL ESTATE III, INC., TIM CARSON
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Charlottesville, VA
Housing
- Number of Units
- 55,792
- Median Home Value
- $393,379
- Median Rent
- $1,185
48.83% of housing units are renter occupied.
7.04% are vacant.
Commute
- Car
-
56.57%
- Public Transportation
-
3.15%
- Walk to Work
-
5.07%
- Work from Home
-
33.24%
- Other
-
0.58%
The median travel time to work is 13 minutes.
People
- Population
- 126,233
- Median Age
- 37.20
- Median Household Size
- 2.50
Education
- High School
-
13.42%
- Associate’s Degree
-
4.65%
- Bachelor’s Degree
-
30.51%
- Graduate Degree
-
29.79%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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