Bungalow, Cottage
128 SUMMIT STREET
CHARLOTTESVILLE , VA 22903
MLS#: VACO2000152
$225,000

Property
Beds
2
Full Baths
1
1/2 Baths
None
Year Built
1946
Sq.Footage
675
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!
Features & Amenities
Interior
-
Total Bedrooms
2
-
Bathrooms
1
-
Above Grade Finished Area
675.0
-
Basement YN
NO
-
Cooling YN
YES
-
Cooling
None, Electric
-
Fireplace YN
NO
-
Heating YN
YES
-
Heating
Electric, Baseboard
-
Main Level Bedrooms
2
Exterior
-
Garage
No
-
Construction Materials
Block
-
Parking
Driveway
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.6
-
Property Type
Residential
-
Property Sub Type
Single Family Residence
-
Architectural Style
Bungalow, Cottage
Price
-
Sales Price
$225,000
-
Tax Amount
1.0
-
Sq. Footage
675
-
Price/SqFt
$333
HOA
-
Association
NO
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
1
-
Senior Community YN
NO
-
Sewer
Septic Tank
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Location
County
CHARLOTTESVILLE CITY
Elementary School
Middle School
High School
Listing Courtesy of William A. Austin , Afton Grove Associates, LLC
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ChristyIssler
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