New church takes over worship site at 750 Hinton Avenue and other Charlottesville real estate transactions stories from December
A final look at 2023 while waiting for 2024 assessments to be published this week
As promised on Monday, I’ve raced through property transactions in Charlottesville from December 2023 with the hopes of getting this out before the assessments are released for 2024. The intent of this work is not to develop a mathematically precise description of what happened. Others will have that information. I want to know as many details as I can.
This is the 36th month in a row I’ve produced this sort of a list and each time I learn a little more. With the new Development Code going into effect on February 19, I’m deepening my reporting capability in order to report on what’s happening. A lot of people have made bold claims about what will happen. I’m hoping to continue this level of reporting to be able to let people know what is happening. This is going to be a time of change and stay tuned for more stories.
Some of you may be wondering why I report different assessment years. I want to give a comparison of how much the market has changed since 2021 when the Future Land Use Map was first published. I’m also not looking at the city’s new permitting system to provide more information.
This goes out to paid subscribers first as an incentive to keep on subscribing. There is not very much premium content for this newsletter, so this is what I have to offer as an incentive. This will be posted to Information Charlottesville on Monday and the November installment will be posted there tomorrow.
Please ask questions and point out potential errors. The goal is to educate as many people about these things. I am not an expert but I appreciate those who are covering the cost of my time to do this research.
Now, what’s your best guess on what the 2024 assessment increase will be in Charlottesville? Albemarle’s was at just over four percent, something I’ll detail in the next regular installment of the newsletter and podcast.
A few teasers:
A new church has purchased the site of the Hinton Avenue Methodist Church. City Council approved a rezoning in the summer of 2019 for an affordable project that never materialized on the site. However, I’m told that group is working with a nonprofit on a different property.
The entity that got a rezoning in 2022 for 72 units at Mount View Baptist Church in Locust Grove has purchased an adjacent single family home on River Vista Avenue.
The Piedmont Community Land Trust worked with someone to purchase a single family detached unit in the Orangedale section of Fifeville.
The new owner of Daedalus Books paid $750,000 for the downtown building that houses the institution.
A house on Little High Street sold three times and roughly doubled its second purchase price to $635,000.
Want the details? They’re behind a paywall until Monday. Thank you to all the paying subscribers for allowing me to be able to do this work.