MLS# 649896 – 303 Alderman Rd, Charlottesville, VA 22903

Price: $1,000,000
Beds: 3
Baths: 1 full, 1 half
Living Area SqFt: 1,899
Status: Pending
Property Type: Detached
Lot Size Acres: 0.31
Lot Size SqFt: 13,503
Year Built: 1950
Neighborhood: Lewis Mountain
Days on Website: 55

Courtesy of LONG & FOSTER – CHARLOTTESVILLE

Property Description

Discover a unique opportunity in the heart of Lewis Mountain, an area celebrated for its serene charm and its proximity to the University of Virginia. Recently transitioned from R-1 to R-B zoning, this change simplifies development by setting a fixed density. Developers are allowed a baseline of 6 units, which increases to 8 if the existing home is retained and can expand to 12 units for projects including affordable housing. The city permits the construction of townhomes or condos within designated setbacks and allows for the subdivision into individual lots for sale. This property not only offers flexibility in development but also connects investors to the vibrant university community, enhancing its appeal for both residential and academic-oriented projects.

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Property Details and Features

  • Basement
  • No
  • Bathrooms
  • 1 full bathroom
  • 1 half bathroom
  • 1.5 bathrooms
  • Bedrooms
  • 3 bedrooms
  • Building
  • 1 Story
  • 1,899 finished square feet
  • 1,899 total square feet
  • Built in 1950
  • Cooling
  • Central AC
  • Foundation
  • Concrete Block
  • Garage
  • 1-car garage
  • Attached
  • Heating
  • Central Heat
  • Listing
  • 17 days on the market
  • Location
  • Directions: Starting on Jefferson Park Ave, continue straight to stay on Jefferson Park Ave, turn onto Alderman Rd, follow Alderman Rd to find 303 Alderman Rd on your left.
  • Subdivision: Lewis Mountain
  • City: Charlottesville
  • Lot
  • 0.31 acres
  • Garage
  • Schools
  • Elementary school: Venable
  • Middle school: Walker & Buford
  • High school: Charlottesville
  • Taxes
  • Annual taxes: $6,377
  • Year: 2023
  • Utilities
  • Water: Public Water

Property Map

$1,000,000 – 303 Alderman Rd, Charlottesville, VA 22903

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Nearby Schools

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