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3321 Fosters Branch Road

3321 Fosters Branch Road, Charlottesville, VA 22911
Property in Albemarle
Sold Apr 14, 2017
$1,650,000
$950,000 by Wells Fargo Bank
Mortgage
Sold Jun 08, 2015
$1,825,000
$1,460,000 by Wells Fargo Bank
Mortgage
Local assessors in Charlottesville, VA have categorized 3321 Fosters Branch Road as a residential type of property. The home was built in 1775 and is 249 years old. It was most recently renovated and altered in 2000. The property's lot size has been calculated to be 1,119,492 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 15 rooms in the home. Of these, 7 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 7 full bathrooms. There are also 8 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 3321 Fosters Branch Road has a total of 7,356 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from none system. Additional features on the property are as follows. There is a carport for those who need a place to park their vehicle. The garage on the property is 361 sqft. Do you like to entertain? The home has both a porch and a patio so you'll have great options in both the front and back of the home. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - A+. The building has a roof that is made of metal. Lots of brick were used in the construction of the exterior walls of the home. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's oil is the primary heating source and it is being fueled with oil. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 3321 Fosters Branch Road sold most recently in Apr 14, 2017 for a total of $1,650,000. If you work out the math, that's approximately a cost of $224.31 per sqft. Before that, the property was also sold for $1,825,000 in May 28, 2015. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $16,925 in taxes each year. 3321 Fosters Branch Road was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,247,400. If we break it down further, the land itself was valued at $472,300. Improvements to the property, however, were assessed at a total of $1,775,100. The property's total market value has been marked the same as the total assessed value which is pretty typical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1775
  • Effective Year Built: 2000
  • Total Rooms: 15
  • Bedroom Count: 7
  • Bathroom Count: 8
  • Full Bathrooms: 7
  • Partial Bathrooms: 8
  • Building Condition: Good
  • Building Quality: A+
  • Construction Type: Wood
  • Exterior Walls Type: Brick
  • Roof Cover Type: Metal
  • Floor Count: 2
  • Floor Cover: Wood
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 361
  • Parking Space Count: 0
  • Patio Type: Patio
  • Porch Type: Porch
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 1,119,492
  • Lot Size Frontage Feet: 0
  • Total Building Area: 7,356
  • Building Area: 7,356
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Central air conditioning
  • Heating: Oil
  • Heated Square Feet: 7,356
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: None
  • Water Service: None

Building

  • Property Class: Residential
  • Land Acres: 25.7
  • Standard Land Use Code: Single family residential
  • Legal Description 1: ACREAGE

Ownership

  • Current Owner : CLARKE STEPHEN M
  • Current Owner 2: CLARKE SHANA B
  • Previous Owner : SHAPOWAL ANDRIY
  • Previous Owner 2: TEBBENKAMP JILL
  • Owner Before Previous Owner: SORENSEN JACK B
  • Owner Before Previous Owner 2: SORENSEN JOAN E
  • Ownership Rights Codes: Life Tenant
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Albemarle County Public Schools
  • School Tax School District: STONY POINT
  • School Tax District Code 2: LAKESIDE
  • School Tax District Code 3: ALBEMARLE
  • Census Tract: 010401

Zoning

  • Zoning: RURAL AREA

Geography

  • Parcel: 04700-00-00-029C0
  • Municipality: RIVANNA
  • Latitude: 38.093
  • Longitude: -78.3867

    Address

  • Full Address: 3321 Fosters Branch Rd
  • Address - House Number: 3321
  • Address - Street Name: Fosters Branch
  • Address - Suffix Type: Rd
  • State: VA
  • City Name: Charlottesville
  • Carrier Code: R004
  • 4-Digit Zip Code: 6234
  • Zip Code: 22911

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $16,925

    Appraisal Valuation

  • Standard Deviation: 0.1614
  • Valuation Date: Oct 11, 2023
  • Confidence Score: 79
  • Final Value: 2,404,264
  • High Value: 2,792,333
  • Low Value: 2,016,195

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $1,050,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK
  • First Open Lien Mortgage Recording Date: Apr 14, 2017
  • First Open Lien Mortgage Financing Type: Fixed Rate
  • First Open Lien Mortgage Loan Amount: $950,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Lender: WELLS FARGO BANK
  • Second Open Lien Mortgage Recording Date: Apr 19, 2017
  • Second Open Lien Mortgage Financing Type: Fixed Rate
  • Second Open Lien Mortgage Loan Amount: $100,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: May 14, 2047

    Market Valuation

  • Market Total Value: $2,247,400
  • Market Land Value: $472,300
  • Market Improvement Value: $1,775,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,247,400
  • Assessed Land Value: $472,300
  • Assessed Improvements Value: $1,775,100

    Sales

  • Current Sale Contract Date: Apr 14, 2017
  • Current Sale Recording Date: Apr 14, 2017
  • Current Sale Transaction ID: 1589689437
  • Current Sale Price: $1,650,000
  • Current Sale Document Type: Deed
  • Current Sale Input Document Number: 2017-00004166
  • Previous Sale Recording Date: Jun 08, 2015
  • Previous Sale Contract Date: May 28, 2015
  • Previous Sale Amount: $1,825,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK
  • First Mortgage Transaction Date: Apr 14, 2017
  • First Mortgage Loan Amount: $950,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

    Previous Mortgages

  • Previous Mortgage Lender: WELLS FARGO BANK
  • Previous Mortgage Transaction Date: Jun 08, 2015
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $1,460,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional

About Albemarle



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Frequently Asked Questions

What neighborhood is 3321 Fosters Branch Road located in?
The 3321 Fosters Branch Road is a located in the neighborhood of Albemarle in Albemarle, Charlottesville.
What is the average sales price for listings in 3321 Fosters Branch Road?
The average sales price for units in 3321 Fosters Branch Road is $0 currently.

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