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1329 Pen Park Lane

1329 Pen Park Lane, Charlottesville, VA 22901
Sold Nov 23, 2020
$742,000
$317,000 by Truist Bk
Mortgage Due Dec 01, 2050
1329 Pen Park Lane in Charlottesville, VA was first built in 2020 and is 4 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 9 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 1329 Pen Park Lane has 3,039 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 5,053 square feet.

Learn more about the property and building on this page. There is a covered porch. The home has a hip style roof made of shingle (not wood). For those who need parking, there is a garage. The garage is 462 sqft. There are a total of 2 available parking spaces. The quality of the control joints have been graded by the local assessor with a letter grade of B+. The condition of the building has been evaluated as excellent. The exterior walls of the home are made of wood. Walk inside and you'll find flooring throughout the home. As for heating, the home is utilizing a heat pump. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 1329 Pen Park Lane was last sold in Nov 19, 2020 for $742,000. According to our calculations, that's $244.16 per sqft. Current property owners are expected to pay $7,406 in taxes per year. The property on 1329 Pen Park Lane was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $762,500. To break that down further, the land itself was valued at $175,000. While improvements to the property were assessed at a total of $587,500. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Condition

New Construction

Exterior

Stucco Exterior
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Excellent
  • Building Quality: B+
  • Exterior Walls Type: Wood
  • Roof Shape Type: Hip
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Garage
  • Garage Square Area: 462
  • Parking Space Count: 2
  • Porch Type: Covered porch

    Dimensions

  • Lot Size Square Feet: 5,053
  • Total Building Area: 3,039
  • Building Area: 3,039
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Heat pump
  • Heated Square Feet: 3,039
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LOCHLYN HILL SUB
  • Land Acres: 0.116
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 112 PH III LOCHLYN HILL

Ownership

  • Current Owner : HORTON ROBERT
  • Current Owner 2: HORTON WENDY
  • Previous Owner : ARCADIA BUILDERS INC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Albemarle County Public Schools
  • Census Tract: 000900

Zoning

  • Zoning: PUD

Geography

  • Subdivision Phase Number: 3
  • Parcel: 48A040041
  • Lot: 112
  • Latitude: 38.0486
  • Longitude: -78.4576

    Address

  • Full Address: 1329 Pen Park Ln
  • Address - House Number: 1329
  • Address - Street Name: Pen Park
  • Address - Suffix Type: Ln
  • State: VA
  • City Name: Charlottesville
  • Carrier Code: R043
  • 4-Digit Zip Code: 3777
  • Zip Code: 22901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,406

    Appraisal Valuation

  • Standard Deviation: 0.1231
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 86
  • Final Value: 922,279
  • High Value: 1,035,860
  • Low Value: 808,697

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $317,000
  • First Open Lien Mortgage Lender: TRUIST BK
  • First Open Lien Mortgage Recording Date: Nov 23, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $317,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2050

    Market Valuation

  • Market Total Value: $762,500
  • Market Land Value: $175,000
  • Market Improvement Value: $587,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $762,500
  • Assessed Land Value: $175,000
  • Assessed Improvements Value: $587,500

    Sales

  • Current Sale Contract Date: Nov 19, 2020
  • Current Sale Recording Date: Nov 23, 2020
  • Current Sale Transaction ID: 11859813704
  • Current Sale Price: $742,000
  • Current Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: TRUIST BK
  • First Mortgage Transaction Date: Nov 23, 2020
  • First Mortgage Loan Amount: $317,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate

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Frequently Asked Questions

What neighborhood is 1329 Pen Park Lane located in?
The 1329 Pen Park Lane is a house located in the neighborhood of Locust Grove in Locust Grove, Charlottesville.
What is the average sales price for listings in 1329 Pen Park Lane?
The average sales price for units in 1329 Pen Park Lane is $0 currently.

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