April 2022 property transactions in Charlottesville
Another anecdotal look at property sales with few frills
This month I’ll keep it simple. This is intended to be an anecdotal list of transactions of property in Charlottesville for the month of April. This is not an automated process, because I use this review to keep an eye on what is happening in the city of Charlottesville. I share it with the public because I suspect many of you will find it useful, too. Paid subscribers to this newsletter get a first look before it will be posted on the Information Charlottesville archive.
Some notes:
I don’t list the names of individuals and couples who purchase residential properties. I do list the names of corporate entities that do so. I increasingly note when they are out of state.
In cases where the transaction for a residential structure is way over the assessment, I pull details from the city’s building permit database to see if any known/recorded or building-permitted investments were made by previous owners.
In most cases, I put the 2021 and the 2022 assessment in the blurb because I want to know how accurate the 2022 assessments have been in predicting what the sales price is. People with more mathematical brains may be able to come up with a number that ties it all together, but that’s not a skill set I have.
In many cases I will list the new designation under the Future Land Use Map. April marks six months since the City Council adopted a Comprehensive Plan that signals a future with more residential density. I don’t use the acronym because I want you to read those words each time. The Future Land Use Map calls for exactly what is described for each land use category. I’ll write that for each first use.
I don’t usually list transactions that are title changes or subdivisions, except when it seems relevant.
Some highlights this month:
The University of Virginia Foundation has continued its investment in the Ivy Road Corridor with another purchase directly opposite from the future Emmet / Ivy precinct.
Several vacant lots across the city were sold, prompting my curiosity about what will be built on those spaces in North Downtown, Woolen Mills, and Ridge Street.
Notable commercial sales include the buildings that house Lampo Neopolitan Pizza and the Bridge Performing Arts Initiative, as well as a shopping center on Maury Avenue that has two restaurants and a dry cleaner.