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735 Lochlyn Hill Drive

735 Lochlyn Hill Drive, Charlottesville, VA 22901
Property in Locust Grove
Sold Jan 21, 2021
$430,014
$344,012 by Towne First Mtg
Mortgage Due Feb 01, 2051
Sold May 14, 2020
$570,000
Local assessors in Charlottesville, VA have categorized 735 Lochlyn Hill Drive as a residential type of property. The home was built in 2021 and is 3 years old. The property's lot size has been calculated to be 2,178 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 4 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 3 full bathrooms. There are also 4 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 735 Lochlyn Hill Drive has a total of 1,744 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. Do you like to entertain? The home has a open porch so you'll have a great option in the front of the home. Moving onto specific details regarding the building. Our sources show that the building condition is excellent. 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 - B-. The building has a gable style roof that was made of shingle (not wood). Lots of wood were used in the construction of the exterior walls of the home. As for flooring, was the material of choice during construction. The home's a forced air unit is the primary heating source. 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, 735 Lochlyn Hill Drive was last sold in Jan 18, 2021 for $430,014. According to our calculations, that's $246.57 per sqft. Prior to that sales transaction, the property was sold for $570,000 in May 13, 2020. Current property owners are expected to pay $4,466 in taxes per year. The property on 735 Lochlyn Hill Drive was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $459,200. To break that down further, the land itself was valued at $91,000. While improvements to the property were assessed at a total of $368,200. 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. 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!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.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2021
  • Effective Year Built: 2021
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: Excellent
  • Building Quality: B-
  • Exterior Walls Type: Wood
  • Roof Shape Type: Gable
  • Roof Cover Type: Shingle (not wood)
  • Floor Count: 2
  • Basement Area: 872
  • Parking Space Count: 0
  • Porch Type: Open porch

    Dimensions

  • Lot Size Square Feet: 2,178
  • Total Building Area: 1,744
  • Building Area: 1,744
  • Building Area Measurement: Finished Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Forced air unit
  • Heated Square Feet: 1,744
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: LOCHLYN HILL SUB PH III
  • Land Acres: 0.05
  • Standard Land Use Code: Single family residential
  • Legal Description 1: REVISED LOT 97 PH III LOCHLYN HILL

Ownership

  • Current Owner : OMAR KARA F
  • Current Owner 2: OMAR NEDA KHALID
  • Previous Owner : SOUTHERN PROP LLC
  • Owner Before Previous Owner: LOCHLYN HILL DEV GROUP LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Albemarle County Public Schools
  • Census Tract: 010602

Zoning

  • Zoning: PUD

Geography

  • Subdivision Phase Number: 3
  • Parcel: 48A040026
  • Lot: 97
  • Latitude: 38.0483
  • Longitude: -78.4586

    Address

  • Full Address: 735 Lochlyn Hill Dr
  • Address - House Number: 735
  • Address - Street Name: Lochlyn Hill
  • Address - Suffix Type: Dr
  • State: VA
  • City Name: Charlottesville
  • Carrier Code: R043
  • 4-Digit Zip Code: 3775
  • Zip Code: 22901

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $4,466

    Appraisal Valuation

  • Standard Deviation: 0.1231
  • Valuation Date: Sep 13, 2023
  • Confidence Score: 86
  • Final Value: 575,155
  • High Value: 645,987
  • Low Value: 504,323

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $344,012
  • First Open Lien Mortgage Lender: TOWNE FIRST MTG
  • First Open Lien Mortgage Recording Date: Jan 21, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $344,012
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Building or Construction Loan
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2051

    Market Valuation

  • Market Total Value: $459,200
  • Market Land Value: $91,000
  • Market Improvement Value: $368,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $459,200
  • Assessed Land Value: $91,000
  • Assessed Improvements Value: $368,200

    Sales

  • Current Sale Contract Date: Jan 18, 2021
  • Current Sale Recording Date: Jan 21, 2021
  • Current Sale Transaction ID: 11859724782
  • Current Sale Price: $430,014
  • Current Sale Document Type: Grant Deed
  • Previous Sale Recording Date: May 14, 2020
  • Previous Sale Contract Date: May 13, 2020
  • Previous Sale Amount: $570,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: TOWNE FIRST MTG
  • First Mortgage Transaction Date: Jan 21, 2021
  • First Mortgage Loan Amount: $344,012
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Building or Construction Loan
  • First Mortgage Loan Due Date: Feb 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

About Locust Grove



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Frequently Asked Questions

What neighborhood is 735 Lochlyn Hill Drive located in?
The 735 Lochlyn Hill Drive is a located in the neighborhood of Locust Grove in Locust Grove, Charlottesville.
What is the average sales price for listings in 735 Lochlyn Hill Drive?
The average sales price for units in 735 Lochlyn Hill Drive is $0 currently.

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