October 2023 transactions: Piedmont Community Land Trust sells attached unit in Orangedale, keeps the lot

Plus: Details on 40 other sales in the first month of 2023's fourth quarte

Every month, I write up property transactions in the City of Charlottesville to try to understand what’s happening and to see if I can identify any patterns. I’ve been writing about land use matters in this community for over 15 years now, and I still feel I have a lot to learn. I’m hopeful my research helps the education of others as well. 

This summary of what transpired in October is the first I have published since the Charlottesville City Council adopted the new zoning code on December 18. That was the final of three legs of the Cville Plans Together initiative and now we wait to see what results come from a new set of rules that increase allowable building space throughout the entire city. 

The other two legs were the adoption of an Affordable Housing Plan in March 2021 and a Comprehensive Plan in November 2021. The latter included a Future Land Use Map that called for more residential density. 

This particular summary takes notice of the difference between assessments from 2021 to 2023. There was an across-the-board increase of 10.77 percent in 2022 and 12.33 percent in 2023. What will the figure be in 2024, and are there clues in the property transactions for this year? 

The full version of this newsletter is available for paid subscribers as one of the only premium items available at this time. It will be posted to Information Charlottesville by January 3, 2024 for everyone else. Please do consider buying a paid subscription to help ensure I can keep doing all of the work I do. Take a look at summaries from January 2021 to September 2023 here!