$715,000
●
House -
Off Market
1513 CHERRY BARK LN
CHARLOTTESVILLE, VA 22911
5 Beds
3 Baths,
1
Half Bath
2,109 Ft²
$4,062
Est. Monthly
$360
HOA / Fees
6.23%
Cap Rate
About This Property
An incredible opportunity to own an updated home in Forest Lakes
South. Some of the many improvements include primary bathroom, hall
bathroom, powder room, granite kitchen countertops, SS appliances,
lighting. The dining room has a beautifully built-in buffet with
glass cabinet fronts and a wine bar. The home is open and inviting
with an abundance of natural light. From the breakfast nook you
will exit to an AMAZING/HUGE screened-in porch with high ceilings,
fans, trex flooring and vinyl railing. The 2nd floor offers 4
bedrooms. One of which is the primary bedroom with walk-in closet
and attached primary bath. The terrace level is the perfect place
to exercise, relax and watch a movie or play a family game. The 5th
bedroom is located on this floor with a full bathroom. There is
also another covered deck the steps onto a fully fenced in
backyard.,Cherry Cabinets,Granite Counter,Fireplace in Family Room
Unit Size
2,109 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$320
Property Type
House
Property Taxes
$388
HOA Dues
$360
Year Built
1999
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (Bright MLS #663570)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 5, 2025 | Sold | ||
| Sold | |||
| Apr 23, 2025 | Listed by NEST REALTY GROUP | $675,000 | |
| Listed by NEST REALTY GROUP | |||
Property Highlights
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Forest Lakes South
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Listed by: HEATHER GRIFFITH
NEST REALTY GROUP
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# 663570
The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by BRIGHT through a licensing agreement. Listing information is from various brokers who participate in the Bright MLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2026 Bright MLS, Inc.
NEST REALTY GROUP
Last Updated: 5 hours ago
Data Source: Bright MLS , MLS# 663570
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